Getting In to Import Export & Working From Home

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Self Employment and Import Export
How to work from home and make a life time income.
If you have lost a job or are looking to increase your pre-retirement income than this article is for you.
Below is scenario for conducting International trade deals from home with a computer, a phone or internet connection and a lot of hard

work.
1. Find a Buyer who is interested in buying a product. You can find buyers on online trade lists, business directories, b2b trade forums

and other websites.

 Links to some importers and exporters can be found here:
http://www.capitalistinternational.org/exportvideo.html

2. Identify a source of supply, either U.S. or foreign, for the product.
If possible locate a source that is near to your location or one you can travel to .
Establish a personal, professional relationship with the principal or their managers if possible, this one effort will increase the possibility

of success.

If you can not locate a close source for your suppliers, check the web or your local chamber of commerce.
Also, most libraries will have directories of Manufacturers listing their specific products.
Foreign Embassies may also be able to assist you with trade information.
Check online for trade lists, search engines, etc. You can also write for samples of overseas trade directories of foreign suppliers.
If you seeking relatively cheap good like cutlery, children’s toys of  small appliances, you want to start with China, you can find sources

of Chinese companies here  MAKE LINK FROM WORD”CHINA”.

For sources of higher quality products such as plasma TV’s, Computer components and  or car parts, you want to contact providers in

Japan or Viet Nam. ( make links out of the names)

4. Prepare your price quotation on your printed letterhead to send to the potential buyer. Add a commission of 5% to 15% to the prices

that were originally quoted to you. Inform the buyer to issue an irrevocable letter of credit (LOC) if he accepts your price quotation.

 If you are quoting from a foreign supplier to sell to a foreign buyer, request the buyer issue an irrevocable (Transferable or assignable)

LOC. This allows you to keep your commission and assign or transfer the remainder to the supplier once the specifications within the

LOC have been met.

5. It is best to arrange with a top 25 World bank that works with international LOC's prior to sending your quotation. If the Client trusts

you, you should receive the LOC prior to making the arrangements, take it to the bank and they will assist you. Ask them to issue a

back-to-back LOC to cover your purchase of the items you plan to buy on behalf of your buyer. Here again you may use the assignable

or transferable aspects of these particular types of LOC's. You may also use a international freight forwarder in regards to the

international LOC in addition to having them handle all the details associated with the shipping of the products to your buyer.

6. Present your letter of credit to the seller, once they have met the specifications of the LOC to the letter, they will be paid for the

goods and the international freight forwarder will ship the goods.
Following the steps listed above, you have arranged an import export transaction without any investment or taking possession of any

products.

Ghosting or export brokering, while ethical and legal, is often more complex than what is stated above.
That said, there are many things that can go wrong in this type of "ideal" scenario.

1.    The buyer may not want to issue a transferable LC simply because they lacj trust in you.
2.    In which case you will need to establish this trust with your client over the long term, something which could take month or

even years.

2. The Seller may want a revolving LC or some other mode of payment which undermines the method state here, so again, you will have

to consider to possibility to your first deal being the result of patience and long term planning.

3. Many brokers will pretend to be the "buyer" and wind up wasting your time, so you will need to ask the contact if they are the actual

buyer or not and not just take it for granted that they are.
Most people earn their pay check by trading their time for money and because of this arrangement their income is temporary. Trade

Brokers are paid royalties and commissions and continue to get paid for years for their one-time effort. You can earn 1000's on a single

deal! This business opportunity is valid world wide and can be operated from any country.
Learn more at : http://www.capitalistinternational.org/exportvideo.html

About the Author.

Muhammad Bey is a Trade  Broker and Voiceover Artist in Philadelphia.
His Webpage is :  http://www.capitalistinternational.org
His Voiceover work is online at :  http://www.capitalistinternational.org/voiceover1.html
He can be reached at : thew...@blackfiber.tv

 

Muhammad Bey
Trade Agent
215-983-3532
http://www.capitalistinternational.org