Quote:
Originally Posted by GordonJ
Sure, there has been a ton of jobs shipped off shore, but there is still a lot of know how and expertise which may be needed to support manufacturing and many cases where even with a Chinese competitor, some of their biggest corporations won't touch their own junk, they go with the quality and expertise of the USA.
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Hi Gordon,
You're absolutely right... There's still demand for American stuff overseas... (Also British, Australian, etc.)
It's not always about price, as it's also about quality...
I'm dipping my toe in the water of international trade, and it's an eye-opener!
Plus, there's a lot of money to be made as well. Instead of selling a $10 product to a buyer, you could be selling $5,000 or $10,000 worth of products to a single buyer instead. A single container-load could mean tens of thousands of bucks in profit in one hit.
I'm sure I'll have more to report in the months ahead...
With exporting, there are at least 2 ways to do it...
1. Selling it FOB (free on board or freight on board), which means your job is to get it on the ship, and from there it's the customer's responsibility. This is common if you're selling via AliBaba, for instance.
2. Shipping it to a foreign port, and selling it overseas. With this, you have to deal with customs, which is an extra expense and can be a headache (and in some countries, it could require bribes to get your products through - otherwise your products could get stuck indefinitely, it's just how it works some of the more corrupt countries). You also need contacts overseas to sell to with this method, since you have to know how to find the buyers...
I'm still learning, but there's potentially good money to be made here...
Best wishes!
Dien