Planning and Executing an Import business

The high returns of an import business means that you will get a bigger return for your time and that you can start with an investment of less than $100. The further added advantage of such a business is that you can run it right out of your home and it has the potential of growing your wealth faster than in any other business.
Before you start an import business it is however recommended that you first carry out a market survey of the specialty product that you intend to sell. This will help you determine how many units other firms handling your specialty product are selling.

This survey should include asking friends and associates if they would buy a given item and at what price they would be willing to pay for it. Make sure you have a market for every import before you buy it. Never order an import until you know how many units you can sell and at what price.

For low priced products you may not have available dependable information and you will therefore have to trust your instinct. This you do by observing what is popular and selling today and by predicting what will be popular tomorrow and watching to see if your predictions are true.

Pick the ideal Import

The ideal import will usually be light, safe, cheap (not costly), shippable, quickly available, unique( not easily duplicated), solely available to you, smaller than competing items, simpler to use than others products.

In other words the product must be different and offer something different than what is locally available. No import will off course ever possess all these ideal features. It is therefore for you to weigh and get the most desirable.

Imports worth considering would include cotton cloth products like shirts, trousers, and other garments for children and adults in new and unusual designs. Peppers and spices form all over the world with unique tastes would be another success. Yarns and threads for the home and professional markets may also be popular and sell well. Art and craft from other countries as long as it offers something new may also be successful.

Read more: http://bizcovering.com/business/planning-and-executing-an-import-business/#ixzz1QQ8NajUE

Walmart has many woes, and Customer service is Zilch!

WalMart, the giant supermarket appears to feature in the news a lot. After all it is one of the largest chain of discount stores in the United States of America. Its former chief Executive H. Lee Scott, on an interview with the New York Times said that running the chain is “like running for president of the United States" because of the constant scrutiny.


Walmart was started by Sam Walton in 1962 and as of today has many outlets in different countries operating under different names. According to Forbes report, as of 2010, it was the “largest public corporation by revenue”.

Walmart features in the news for many reasons, both good and bad. It is discussed in social medias gaining foes and supporters alike. Some support it for making the common person afford things that would otherwise be outside their domain while critics argue that the low prices have depressed domestic wages and exported manufacturing jobs to foreign countries which in the process has hurt Americans more than help them.

Complaints have been leveled against it for undercutting its business competitors by offering very low prices to the same products as its competitors. By so doing, Walmart was in effect pushing smaller business entities out of business.

Walmart is known to have grown stronger during the recession due to its low prices on grocery and other products. “The financial turmoil that strangled discretionary spending at many stores sent struggling consumers straight into the arms of Wal-Mart”. However as the economy picked up, the sales are said to have “flattened up”.

Labor Relations
The areas that the company has however featured more is on its labor relations. Walmart has been accused many times of exploiting its factory workers particularly those from developing countries. It is suggested that the only reason it is able to offer such cheap prices for its products is because of exploiting cheap labor in countries like China.

WalMart has also been accused of being racist against people of color and it has really been working hard to wipe out this image. More and more their commercials have employees who are of color which is of course aimed at showing diversity of its employees. This accusation emanated from a time when someone used a Walmart public address system and said “Attention Wal-Mart customers: All black people leave the store now.”

Read more: http://socyberty.com/issues/walmart-has-many-woes-and-customer-service-is-zilch/#ixzz1QPqDAmdT