Ideas and Tips for starting up a new small business with little money through local trading of foreign products
I have an idea for the people who want to start small business without any major investment or risk. If you want to directly import or export business, it need huge amount of money and also have to wait months after months for shipment. If you want to do brokery or indenting business, you have to fall under pressure from both supplier and customer, which will cause your headache. You also have to regular visit to supplier country to do inspection to ensure the product quality.
So if you want to start business with little investment, I can suggest you to contact with foreign suppliers and manufacturers and know the name of their local agents. When you get the local agent's name and contact info from the original supplier, you can start your business from little amount like US$ 50 or US$ 100. First, you have to collect a small order for any specific product from any shop, company, dealer, distributor or wholesaler. Then you will go to the direct importer or local sole agent of original supplier, buy small number of goods, and sell to your local customer through cash payment.
It is very easy to find any china manufacturer for any type of product, which is only a matter of seconds, not matter of minute. If you need to find supplier for any other country, it may need some time.
Now I am waiting for opinions about my idea. If the people interested about this type of business, then I shall describe in my next post, how to find foreign manufacturers and suppliers from internet.
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