Increase Your Income through International Trade

If you operate a small business, you may feel that your income potential is quite limited. However, you can increase and diversify your income through international trade.

1. Importing

Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers.

Advantages of importing include increased product selection, lower costs, and increased income.

You may even decide to go exclusively into the import business and become a wholesale distributor.

2. Exporting

Manufacturers can find new customers for their products in foreign countries.

Perhaps consumers in your country have lost interest in your product. It may have become obsolete because of technological advances. A foreign market, however, may be desirous of that very product.

Maybe there is an economic slump in your country. Another country may be experiencing a boom. Sales from customers in that country may help stabilize your income.

Exporting can also help smooth the peaks and valleys of your income. For instance, if you sold winter sporting goods, you could sell to both northern and southern hemispheres to help offset the seasonal nature of your business.

Of course, you might also consider selling sporting goods for all the seasons and still export to other countries to increase and diversify your income.

You could also become an Export Management Agent. Arrange for other domestic companies to sell their products to foreign corporations and earn a ten percent commission.

You would think that selling to foreign customers would be quite risky. However, use of letters of credit can protect all parties. An Export Management Agent might actually arrange for ninety percent of the sale to be paid directly to the domestic supplier and ten percent to be paid directly to himself.

3. Licensing

Consider becoming a licensing agent. Earn royalties by arranging for foreign corporations to manufacture and sell the products of domestic companies.

To learn more about making money as a licensing agent, visit http://www.yenommarketinginc.com/licensing.html

4. Finder`s Fees

Imagine the possibilities for earning finder`s fees in international trade!

You can earn fees from domestic companies for finding foreign buyers (or for finding suitable imports from foreign suppliers). You can also earn fees from foreign companies for finding domestic corporations that will buy their products (or for finding suitable suppliers and products from domestic corporations).

To learn more about how to earn finder`s fees, visit http://www.yenommarketinginc.com/finder.html

5. Drop Shipping

Visualize receiving an order from a customer based in a foreign country and not having to be bothered with shipping and handling the product. No customs declarations or brokers are required by you. This is because your drop ship supplier is handling those details.

You might collect $100.00 plus shipping of $15.00 from your foreign customer. You then simply send your customer`s order to your drop ship supplier with your payment of $65.00 (consisting of $50.00 wholesale cost plus $15.00 shipping). Your drop shipper will now fulfill the order. Congratulations! You just made fifty dollars.

To learn more about how to make money drop shipping, visit http://www.yenommarketinginc.com/dropship.html

6. Mail Order

Add a mail order service to your existing business operation. Manufacturers, retail stores, and other businesses can increase their sales by using this additional method of selling that is very conducive to international trade.

To learn more about mail order, visit http://www.yenommarketinginc.com/mailord.html

7. Internet Marketing

You can also extend your reach to worldwide customers by means of the Internet. Methods of obtaining foreign business include affiliate marketing, online auctions, online stores, and websites.

To learn more about Internet marketing, visit http://www.yenommarketinginc.com/netmrktg.html

Yes, to increase and diversify your income, consider international trade.

To learn more about international trade, visit http://www.yenommarketinginc.com/impexp.html

RESOURCE BOX:

J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty-five years.

For valuable Work at Home Small Business Ideas, visit http://www.yenommarketinginc.com/

 Increase your eBay Profits the Easy Way

Sometimes the simplest things can boost the number of visitors and bids to your auction listings and increase your eBay profits.

Robert G. Allen, author of Multiple Streams of Internet Income, writes, "If you are going to play online, then act like your life depended on it. Embed your web address and e-mail address in your off-line brochures, on your business cards, in every marketing message, and in every advertisement you place."

This advice rings true for eBay, Yahoo!, and Amazon auction sellers as well. You need to make it easy for web-surfers to find your current auction listings. The more visitors your auctions have, the higher your eBay profits.

Create a signature file and add a link to your auctions with every e-mail that you send. Most e-mail programs will all. . . .
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 Auctions Make Money!

An untapped online business resource--outside of your basic Yahoo and Ebay, among others--is setting up your own auction sales venue.

Since most families have items in their home that have outlived their usefulness, they can get started at online auctions for mere pennies.

And, most selling online at auctions does not have start-up or membership fees. There is a nominal fee per item listed and a percentage commission on each sale. Still, you come out ahead.

With this minimum investment, many are flocking to auction sites to gain additional income to get their families and selves through the seemingly ever present economic downturn.

Besides the low financial risk, individuals see auctions as one of the select few online vehicles where scams are not associated, or . . . .
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 Image Hosting For Online Auctions

Use eBay picture service or host your own photos?

If you use the eBay picture service, your first photo is free. But each additional picture will cost you $0.15 and the supersize picture will be another $0.75.

This can cut into your auction profits if you need, let's say, 3 or 4 pictures showing different angles, and one supersize picture for the "WOW" effect!

So I found a way to have as many pictures I want in my listings without having to pay all these fees to eBay: I do my own image hosting!

They are a lot of image hosting services to choose from online. Some are free, and others charge a small monthly or yearly fee.

Currently I use Photobucket image hosting. They have a free starter package (which gives you 25 MB of disc space) or a premium package (unl. . . .
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 Top 7 Ways to Profit from Foreign Trade

Here are seven excellent ways to earn income from international trade.

1. Importing: Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers. You may even decide to go exclusively into the import business and become a wholesale distributor.

2. Exporting: Manufacturers can find new customers for their products in foreign countries. You could also become an Export Management Agent. Arrange for other domestic companies to sell their products to foreign corporations and earn a commission.

3. Licensing: Consider becoming a licensing agent. Earn royalties by arranging for foreign corporations to manufacture and sell the products of domestic companies.

4. Finder`s Fees: You can earn fees from domestic compan. . . .
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 Expand Your Local Business Through the Internet

To obtain more local customers for your business, consider expanding your local business through the Internet. Here are some ways of doing so.

1. Online Directories

Even without a website, you can get listed in online directories. Many times these listings are free.

For example, if you operated a restaurant, your being listed in local Internet directories could result in local residents and visitors to the area finding your restaurant.

2. E-mail Newsletter

You could also collect e-mail addresses from existing customers and regularly e-mail them about special events, menu additions, and other promotions. This would keep your restaurant visible in their minds and could result in repeat business and word-of-mouth referrals.

For more information about new. . . .
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