No one can dispute the many benefits of global sourcing. Many business owners realize the cost saving benefits of this practice. It can allow business owners to cut expenses. It can also help businesses to achieve manufacturing possibilities that would be otherwise impossible due to financial limitations. Global sourcing also provides businesses with personal knowledge of another place. Business owners can learn about...more
If your business is not taking advantage of the many opportunities available through global sourcing, you are missing out. In fact, you are putting your business at risk. If your competitors decide to start saving money with global sourcing, you may be unable to compete. Let's take a quick look at some of the many advantages of global sourcing.Global sourcing can help your business to cut expenses and save money. These...more
Just ask any entrepreneur about the importance of new business leads, and you will likely hear a great deal about just how important they are if you want to grow almost any business. Gaining access to new customers is a typical way that a business can expand, whether it is in manufacturing, the service industry or any other area of commerce. New customers are valuable because they bring new money to the table.Entrepreneurs and businesspeople know the value of tapping into new markets. New markets means new customers and that, in turn, means new revenue streams. The simple fact is that your old customers are likely only going to buy so much more of your goods and services, no matter what you are selling. If you want to expand your business, you almost always need to create new inventory in some fashion.Global sourcing is an important aspect of the world's economy today for a wide-range of reasons. One of those reasons is that companies and entrepreneurs that are using global sourcing are not just saving money on their products and services, but they are also laying the foundation of future enterprises.As businesses and entrepreneurs work with countries...more
What do you think the most important area of business is for the entrepreneur? While there are many correct answers, many entrepreneurs feel that finding new business leads is one of the most important parts of their business. New customers allow a business to grow which leads to more profits and more possibilities. This is true...more
Global Aftermarket 2010The global aftermarket is forecast to show continued growth over the next few years. However the pattern of expansion will be uneven, with strong growth in the developing markets countering more modest growth in the developed markets. This report assesses the factors behind the development of the sector, and the implications...more
Recently in New York there has been a newly initiated ban on sending cigarettes through the mail, this was done in hope to cut down the tax evasion being done on some reservations where the selling of cigarettes is not liable for states taxes. People were buying cigarettes online and because the sale counted as being on one of these reservations it meant that a loophole had formed.Now though the United States Postal Service has banned the shipping of cigarettes much like other parcel delivery firms and couriers. This case has served as an important reminder that you need to be careful of what you are sending in the mail as you could find your parcel gets returned to you or worse you could get in trouble for trying to send the banned item in the first place. You can often find a list of the banned items at your local post office or a couriers website, you need to check as if you are sending parcels internationally some countries dont allow you to send certain items but some other countries may have stricter restrictions so know your parcels destination before sending it to avoid being disappointed when your parcel gets returned to sender.In general there are a number of items...more
If you're doing business out of Canada, there is a good chance that one of the first markets that you'll look to expand to in the United States is Minneapolis, due to its proximity to the northern border. As a result, you may find that a...more
Whenever the topic of starting a small business comes up, it is usually followed by a good deal of advice. Everyone, including those who know nothing about business, have ideas, opinions, stories and thoughts on the subject. If one is not careful, it...more
But also wood's economy, like all other industrial sectors of the economy, has had a strong inflection in 2009 that productivity has halved compared to 2008. The signs of recovery, however, arrived in 2010 and just the places where...more
Shipping is one of those things that most companies have to pay for, and that most companies wish that they could save more money on. The problem is that so many people overlook on ways that they might be able to save money with their 3pl providers....more
The present online market has become very competitive, thus owning mere a physical store or business front is not enough to achieve the desired results. This is primarily due to the reason that there are thousands of websites or online stores across...more
The pricing structure that most courier companies use to price their deliveries for their customers are fairly similar. Although the final price between what a New York and a New Mexico courier service arrive at can be very different, they both...more