Having An importing business can be very complex, especially if you’re flooded with information and can’t make out which of them are the right ones to apply to your operations. Naturally, you want to be able to get it right most of the time, so it’s imperative that you know the best trade secrets that authorities in the field go by.
When it comes to finding the right information about importing from China, very few can compare to the extensive knowledge that Brendan Elias has. He selflessly shares all the lessons he has learned in his seminars, training courses and articles, all of which are available through the website.
His most lauded provision, the 30-day free video training course, remains to be in demand not only for the effective process he has shared but for the warnings he has issued regarding scammers. The way he focused on the deceptive wholesalers in the importing business has helped many avoid being cheated of their hard-earned investments.
Apart from discussing the modus operandi of certain wholesalers in his video, he has also released a post about the six signs that can help importers determine whether they are dealing with wholesaler crooks or investment predators.
1. Lack of phone etiquette. Legitimate businesses know the importance of creating the right professional impression; they answer calls by introducing themselves and conducting themselves in a very business-like manner. If they answer with a simple “Yes” or “Hello” without mentioning their names or the business’s, that’s a sign that you may be dealing with fakes.
2. Standard procedure and requirements. Bear in mind that during the initial contacts, wholesalers always request for a business license or sales tax ID. Legitimate businesses require these. US sellers desiring to buy from US wholesalers need a tax ID, but if you’re living outside of the US, you no longer need a tax ID. If none is required from you by a wholesaler and if their process is “anything goes,” you better take a step back — they’re either very new in the business or are intentionally not complying with legal policies.
3. Be wary if the prospective wholesalers don’t even offer to show you a product sample – it’s either they don’t have one or they don’t want you inspecting it for quality. When you make a request for product samples, shady wholesalers tend to be suspicious. But usually wholesalers don’t see anything wrong with offering a product sample though it’s typically offered at a higher price.
4. They are not consistent with their payment system, which could mean that they are not fully established yet or they wish for you to resort to an unsecured payment method.
5. Their contact details are not complete. Established businesses provide all the available information on how you can reach them — not just an email address and a mobile phone number. Included in their contact details should be their actual physical address and registered business number.
6. They insist on asking you for upfront payment even if they don’t have stocks on hand. Why would you be required to pay for something that’s not even available? They basically just want to one-up you.
Good thing, Elias came out with this list and thoroughly discusses them in his trainings. With these signs, you can better protect your investment and business operations.
For more guide and tips, check out www.brendaneliasmedia.com