Quote:
Originally Posted by singyen
Hi
I am newbie here & thought of getting items from overseas to singapore to sell .
Can any1 help me how to go about the procedure?
Example : China has lots of gifts & crafts. I saw their items online. But their payment mode is T/T or western union. I never use this payment mode b4. How to do the payment?
Some require minimum quantity 5000 pcs but I only want to get small bulk 20 to 50 pcs cos don have so much captial to get 5000 pcs.
Any1 to advise me?
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Hi there,
The reason why you have to buy in big quantity because they offer the wholesale price which is really cheap. I guess if you only need small bulk, you will have to source out local suppliers who offer less minimum purchase but you won't get the wholesale price. Having said that, you will still make a profit out of the products.
Another solution is to find partners who are willing to buy the products from your wholesale vendor. In that way, you can reduce your minimum purchase by having the quantity shared between you and them.
I'm using Western Union at SingPost to pay my overseas supplier. After payment is made, you will have to notify your supplier of the MTCN No and your full name in order for them to receive the payment from Western Union agent in their country. They will get the payment in minutes. But this only apply if you know the supplier you are dealing with. I mean reliable suppliers who are running real business. Yeah, it's kind of difficult to guarantee that unless you have someone to check for you on the existence of the company. Or maybe do a search on the website.