For each story of success, there are perhaps a thousand stories of failure. This text isn't meant to discourage anyone from attempting to enter the foreign trade market, but rather to give a higher insight on what one should expect. From the outside (and to several on the inside), foreign trade is simply finding a product for a terribly low price and marking it up a small amount finding a buyer. Sounds simple. This can be why so several attempt it. Finding a product at a terribly low worth is easy. Finding an honest supplier is terribly time consuming and is often a matter of trial and error. Quality is another issue you want to be concerned with. Regulations concerning imports and exports is an space that you want to become acquainted with. Finding customers isn't forever as straightforward as you think. Let's look closely at each area - Let's use Costume Jewellery as our target product- one) "Finding a product at a terribly low value is easy." Simple, search keywords such as 'costume jewelry suppliers' Look what Google search found - - Results one - 10 of concerning a pair of,three hundred,000 for costume jewelry suppliers.Look what Yahoo search found - - twenty nine,700,141 results for costume jewellery suppliers. Ok, we found the value we like. 2) "Finding an honest supplier is terribly time consuming and is typically a matter of trial and error. " Do you understand additional than 0.5 of the listing which claim to be "makers" are literally terribly small trading offices run out of peoples homes? Did you do any background checks on the supplier? Did you call them and truly speak to someone? How are they requiring payment? three) " Quality is another issue you need to be concerned with." - Not long ago, a well know retailer recalled numerous dollars in costume jewelry. Was it the fault of the provider (manufacturer) or the buyer (famous retailer)? ANSWER- BUYER! In this case, the buyer had the resources to confirm the quality of the product leaving the factory was safe however selected to seem the opposite way. The safe product would have value additional therefore reducing corporate profits. Thus it wasn't a difficulty till a 3rd party created it public. 4) "Laws concerning imports and exports is an space which you must become acquainted with." Here is where so many get into trouble. You pay a factory $ fifty,000.00 to ship 20,000 electrical bikes to the USA. EASY! Contract signed, payment made. Product shipped. Factory has filled their legal obligations. Drawback was, the contract did not state what certificates were required. You choose the product and said ship it. They did. Now customs has 20,000 electrical bikes that they're not releasing thanks to lack of documents that you'll or might not ever receive. Keep in mind, you ARE the buyer from the factory. It is your responsibility to set the standard standards and be willing to pay money for that extra measure of quality. Sadly, some terribly big companies today put public safety behind profits. The factory will sell you a product very terribly low cost, however this can force them to use terribly very cheap materials. As I have been in this business over 20 years, I will never have rock bottom value, but quality problems ensuing during a safety concern has never happened to us. Do not allow profits to be the master, you reputation and the protection of your customers must forever come back first.