Archive for August 31st, 2007

Within the first month, we received almost 100 inquiries from buyers worldwide

Tag : , ,

"We are a joint-venture company, specializing in twist drills exported worldwide. Fierce competition led us to look for a more competitive way to widen our export market. We joined the tootoo community in July 2007, and our company has found advertising on tootoo Online to be very rewarding. Within the first month, we received almost 100 inquiries from buyers worldwide, and we've already signed 2 contracts with buyers. A buyer from Singapore even paid a special visit to our company and plans to source from us this year. I'd like to thank tootoo for their excellent help. We are confident that we can attract more and more buyers through tootoo Online. For our part, we will continue to make further efforts to explore more opportunities through tootoo Online. Thanks again!"

Article has No Comments.

We succeeded in having 1.56Lenses,3mm plastic from Korea & China

Tag : , ,

Dear Sir, This is Mr. Tahir Munir Khan, Proprietor of M/s. Tahir & Company, M/s. Venta Company - Malaysia1. We got success in having source for Cr-39 super hard multi ion coated middle index 1.56 Lenses from Korea. We signed agency agreement and placed first order. 2. We are also going to final our deal on agency basis for 3mm golden color plastic beads in string from China. The above all has been done by placing our ad. on  tootoo.com .We again thanks for tootoo.com which helped us in our import business. We are also certain that in future we shall have your great help & cooperation then before. Thanks. Yours sincerely,

Article has 1 Comment.

What is Commercial Invoice?

Tag : , ,

A commercial invoice is a bill for the goods from the seller to the buyer. Commercial invoices are utilized by customs officials to determine the value of the goods in order to assess customs duties and taxes. In general there is no standard form for a commercial invoice although they tend to contain many of the following features: 1.seller's contact information 

2.buyer's contact information 3.consignee's contact information (if it is different from the buyers) 

4.invoice date 

5.a unique invoice number 

6.payment terms 

7.currency of sale 

8.full quantities and description of merchandise (Generally this includes unit price and total price. Product descriptions should be consistent with the buyer's purchase order. Including the Harmonized System commodity codes can be helpful, especially in countries that are WTO members.)  9.certification that the invoice is correct (Standard language is "We certify that this invoice is true and correct."

Article has No Comments.

Import License for China Sourcing

Tag : , ,

Persons intending to enter intoChina sourcing must obtain importing licenses from appropriate agencies by meeting the requirements. This doesn’t mean that U.S. Customs Service requires China sourcing party to have a license but other agencies may, depending on what is being sourced. If you are China sourcing toys, sea foods, birds or animals for example, you need to obtain licenses from departments like pollution control and safety, and Department of Agriculture - particularly the Animal and Plant Health Inspection Service, Plant Protection and Quarantine Program etc.Import license for China sourcing is issued upon payment of requisite license fees. You can initiate licensing procedure upon receipt of a copy of the End-User Statement either through facsimile or physically. This statement is no license in itself for China sourcing as long the receipt and retention of the original statement is in your handsEnd User Certificate for China SourcingIn cases such as you are China sourcing for others, you are required to apply for the license under “Ultimate consignee and Purchaser statements” within 60 days of receiving a communication from the BIS authorities. However, note that subsequent license applications for China sourcing must be supported by the first license or this import End User Statement within 6 months of the date signed.Your request for Import Certificate must be only those items that are controlled for national security (NS) reasons. It is mandatory for the end users to have obtained an end user statement for each item listed in the license application, especially for China sourcing 748.9 (c)2.Multiple Use Certificate for China Sourcing    license or the End User Certificate may be availed for multiples uses and multiple items. A multiple China sourcing license is permitted provided you certify that the total of individual items for which licenses are sought don’t cross the total permitted by above certificate.Having accomplished this, you must get your facility inspected for compliance which requires you to pay the appropriate fee. As a China sourcing trader, it is your duty to determine the appropriate classification number of the merchandise you are sourcing from China in each consignment.For anyone aspiring toChina sourcing for domestic distribution, a huge amount of self motivation and patience will be essential in order to complete the requirements and to deal with the multilayered bureaucracy. But having eyes fixed on China sourcing, nothing can probably deter you, not even the political implications, nor the license fees.

Article has 2 Comments.

Brand Yourself and Promote Your Product

Tag : , ,

It is amazing; just how many people online are looking for ways to earn a comfortable living from their home base. However, the sad truth is that over 95% of home business owners never make a profit online and/or rarely break even! Sadly, even in today's online market, many business owners have no idea how to effectively market their online business. In addition, they don't understand the importance of "branding" their name to build an online presence and quality online reputation.To welcome online success, "branding you" should be the number one online business owners' priority. Every novice marketer should know, it is detrimental to their online longevity that they maintain a squeaky clean reputation and image. Many online business owners tarnish their name, by promoting worthless downloadable software and eBooks. It is a good idea to test-drive any eBook or software package before you decide to promote the product as an affiliate marketer. It's not an intelligent idea to promote worthless products to your opt-in list, so be careful what you endorse online.Another area where you can ruin your branded name reputation online is business opportunity hopping, or program jumping. To highlight this point, I will talk about only five popular online business programs that are heavily promoted online. The programs are Perfect Wealth Formula, edc Gold, Passport to Wealth, Wealth Magnet System and Roadmap to Riches。Lets go back a few months to when Passport to Wealth launched in February 2007. Since February I have seen the same top earners, jump from (1) edc Gold to (2) Passport to Wealth to (3) Perfect Wealth Formula to (4) Wealth Magnet System and now to (5) Roadmap to Riches. What a great way to earn instant cash daily! Now. I am not saying, that all these business opportunity promoters are all tarred with the same brush, but in amongst this group of business promoters are a few bad eggs, that like nothing more than to take your hard earned money and thereafter never return your emails or phone calls.The good news is it doesn't take long before the online internet community, catches onto these dirty quick cash generating tricks and unlike the offline business world, this type of underhanded home business owner can't move to another state or country, and start all over again!To welcome online profit, firstly brand and protect your name. Next make sure you do your research and only promote quality products. To eliminate failure, in your first year of online, it is a good idea to find yourself a personal mentor to educate yourself in online advertising and marketing techniques.To conclude, every new internet business promoter should understand that online marketing success doesn't happen overnight; sometimes it can take 2-3 years to build a successful online presence. I believe, perseverance is the key to success, with any Internet business and online marketing endeavor.

Article has No Comments.

Role of Banks in International Trade

Tag : none

It is impossible to be in international trade without involving your bank for all the services they provide such as advice on financial issues and the potential risks involved. It is true that one critical hurdle for SMEs is the lack of information on international trade processes, documentation and banking procedures necessary to carry on with business abroad.  For result oriented and cost effective international trade, you will very definitely need access to accurate and timely information and a sound knowledge of banking.  Payment Options in International TradeQuite obviously all payments in an international trade are made through bank either by way of wire transfer or check with the latter not being preferred for not being the quickest. The following are some of the common ways of payment modes in international trade. Banker's Draft is a cheaper option and easier to obtain but there is a risk of loss in transit. The only advantage it has against check is quicker credit that the exporter gets. Letter of Credit. This international trade instrument is mutually convenient for both the parties. The exporter gets paid once he produces the copy of BoL (bill of lading) which he receives from the shipping company and the LoC, to the bank, regardless of whether the consignment as arrived at destination or not. Wire transfer is by far the fastest and the cheapest option in which the importer will instruct his bank to transfer the amount to the exporter’s bank account. The first time, the transfer happens in about 10-15 days depending on the destination country and the routing bank. International wire transfers are made through intermediary banks/correspondent banks. Although not in a big way, some China manufacturers accept Paypal for smaller amounts such as US$5,000 but require 3% extra to compensate for the charges. Paypal is the quickest and easiest mode of payment in international trade.Banks that are serving international trade, understand the crucial role they are required to play. Many large banks maintain worldwide correspondents to provide quick delivery of actual currency, wired money or drafts. You may choose your bank for international trade account on the basis of whether the bank can extend advances against the account receivables. Bank may, however, require your account secured through export credit insurance provided by Export Import Bank of United States. Banks also let you enter into forward exchange contract with your bank and fix the amount of the foreign exchange you receive when you are dealing in convertible currencies. You need your bank to be with you as long as you are in international trade.



Article has 2804 Comments.