Seeking The Best Product Or Service For Your Online Small Business

An online sourcing directory is the 21st century entrepreneur’s buddy. It is a resource that eliminates the need for a middleman from your supply chain. Businesses can get through to manufacturers through sourcing directories. My favorite directory is Alibaba, an English language sourcing directory. It concentrates on business-to-business trades, especially for international buyers trying to make contact with Chinese sellers.

Alibaba offers a search able database of manufacturers of almost any product you can imagine. It is a free resource for buyers from over 200 countries and territories. They claim for being “the number 1 destination for businesses to find volume buyers and suppliers from .” Consider Alibaba as the great connector of manufacturers and corporate buyers.

Steps To Use Alibaba

1. Create a free account for your business.

2. Search for your product of interest. Expect to find many companies as Alibaba has a huge database.

3. Contact the factory. Full contact information including contact number, address, website, and e-mail address is available.

You should be familiar with some of one of the most common sourcing terminology for contacting factories.

MOQ (Minimum Order Quantity) – As you contact a manufacturer, inquire about their MOQ. Some factories are only thinking about selling you a minimum of one container of product. Others enjoy with smaller orders. Contact multiple factories simultaneously, so you can connect with the right one faster.

FOB (Free On Board) – FOB price means, the buyer shells out for freight to the port of shipment, plus loading costs. Expect to spend for freight, insurance, unloading costs and transportation from the factory to the port of origin to port of destination to your location. If you are quoted FOB Ningbo (Ningbo is a large port located in China.) $5000 for 500 units of product, you have to consider the additional ocean freight charges.

CIF (Cost, Insurance, Freight) – CIF, unlike FOB, includes freight and insurance charges. If you have no experience importing, CIF might be a better option than FOB. The price per unit will be higher through this option than with the FOB option, but it requires less work on your part. If you want to see the difference between FOB and CIF price, make certain to ask for both in your inquiry.

Dim Weight (Dimensional Weight) – If you choose the FOB option, you will need hire a forwarder for your order. Note: A forwarder is a fancy word for a shipping company. Forwarders ask for port of origin, port of destination, and dimensional weight.

BOL or B/L (Bill of Lading)– A document issued by shipping company, acknowledging that the shipment has been received aboard as cargo for transport to a named place, usually a port of destination, for delivery to the consignee whom is the business buying the product.

Save Time And Increase Your Profits By Using An Auto Responder

Emails are essential to your business. If you spend all your working hours answering these emails, how are you supposed to run your business?

If this is what is happened to you then it’s time to learn about Auto Responders.

There are a number of good reasons why you need an Auto Responder. Auto Responders are software programs that allow you to send scheduled messages that answer your emails.

They can be used if you need a way to send information about your business, services or products, or if there are repeated questions asked across large numbers of emails.

Auto Responders are often used as e-mail marketing tools, to immediately provide information to their prospective customers and then follow-up with them at preset time intervals. . With the auto responder you can you can put is a series of messages you want to send out and specify at what time intervals they are to be sent. The amount of messages you have save in your auto responder is up to you. You can also add more messages when ever you choose.

This is a good way to build lasting relationships with your automated sequence of personalized messages.

Another advantage is being able to send out broadcasts. You will have a big list of prospects and customers in your auto responder all at different stages of receiving your messages. You may have a new product you want to launch so you want to let everyone on your list know about it.

The best way is to send broadcasts which are a message that you want to send out to everyone on your list so that they all receive it at the same time.

Auto Responders can also be incorporated into electronic mailing list software, to confirm subscriptions, unsubscriptions, posts, and other list activities.

Using an online email Auto Responder system that automatically both sends your information AND follows up on a regular basis guarantees to save you time, money and can accelerates your profits.

Many experienced Internet business people say Auto Responders are the greatest marketing tool ever invented.

Perhaps the best thing about Auto Responders is that they require very little attention. You have free time for other tasks, family, or recreation while your Auto responders take care of business.

You can check out a good Auto Responder Here

Neils Andersen is an Internet Marketer who teaches others how to generating exclusive qualified leads, earn multiple streams of income and Market their business all for free.

Visit Neils Andersen Here

Real-world Product Reviews Secrets Considered

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Selling Cakes, Cookies And Pies You Need Liability Insurance

It matters not if you bake those chocolate chip cookies once a week for the community center and sell them to make extra money for your son’s little league uniform; if you are selling food products you need liability insurance.

Of course, no one once to think anyone could get sick from their delicious double Dutch chocolate, chocolate chip cookies, but the truth is, it may not be your baking process, it may be an ingredient you used in your cookies, and it is better to be safe than sorry.

Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.

Does a small home-based baker or food processor selling to family, friends and at farmers markets or community fairs/flea markets need liability insurance. Absolutely!

Liability insurance is important for anyone who may be held legally liable for the injuries of others, especially business owners (that’s you). A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations, for example if you hire your cousin Bill to do the heavy lifting when delivering those amazing beautiful wedding cakes.

One type of insurance coverage that should be considered by all home-based bakers and food manufacturers/processors is “Food Product Liability” coverage. This type of coverage should provide coverage in the event the insured food product injures the person who consumes it. Most retail outlets or locations such as a Farmers Market require that food products have a $1 million to $2 million policy before you will be allowed selling your products. Additional coverage requirements may also be requested.

For example, a retail vendor does not have to allow you to sell your products in their establishment even if you do have the required insurance; plus providers of food product liability insurance may be reluctant to provide you with a policy quote because you are not selling a standard rate of food products. In this case, the provider may prefer to give an estimate which requires very specific information about your products and your business characteristics.

Don’t be surprised if a company requires you to complete an application and submit the businesses’ production, distribution and marketing plans, all of which may be null and void if you are a new home-based baker with no clue of what type of business or how much business you will be doing. The bottom line is product and business liability insurance is essential if you are going to operate a legitimate business in America.

Seven Things To Look For When Choosing a Home Based Business

Need additional income? A home based business could be the answer. Millions of people in North America earn part or all of their income from home.

You can work from home full-time or part-time. By far the majority of people work a home-based business in their spare time in addition to their regular job. This gives them real flexibility in the event their job disappears. A small business also gives you the extra money you need to improve your lifestyle.

Here are seven things to consider when choosing a business you will work from home.

1. Your business should sell a tangible product or service that isn’t widely available. Selling the same old “lotions and potions” you can get at Walmart rarely creates much income. It’s better if your product meets a common need that isn’t met in the same way by local providers.

2. A LOT of people should need your product. Or a few people should need it very badly. You might sell roadside service that virtually every driver needs at some time. Or you might sell an item only stock brokers need, but they can’t live without it. This insures there is always demand for your product.

3. Don’t like to sell? Better business opportunities today come with teams or automated systems that do the selling for you. This can get you over the hump of having to approach friends and family to buy from you.

4. Make sure you get a healthy commission. The days of tiny 15 to 20 percent commissions are gone. Insist on at least a 50 percent commission. Some go as high at 100 percent. The larger the commission, the more income you’ll make. Often the quickest way to doubling or tripling your income is to get higher commissions.

5. You’ll need a good way to market your business. Choose a business that comes with ads, websites, leads, and more. This will help you get the word out. Social media can help in this regard. Let your Facebook friends know about your business. You may be surprised how many people they tell and how many are interested in your product or service.

6. It helps if you work with a team. That is so when you are not feeling motivated, your team can pull you up. The most frequent reason a business does not succeed is the owner throws in the towel too soon. Being a part of a team can keep you in the business longer, greatly increasing your changes of making some real money on a regular basis.

7. Finally, you want some good, solid training to get you started. This is often supplied by webinars, online tutorials, and/or from leaders in your organization. A good company will want to give you the best training possible knowing you will sell more of their products and services.

Pick your home based business and jump in with all your commitment and enthusiasm. Your hard work will be rewarded many times over.