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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Well, first of all, you will need to have a company and company account.
now, the second bit is that you should know how to do TT, short for telegraph transfer, it is the most convenient without you having to go to a western union branch.... Another thing about TT is that, the receiving party can never claim that the money never went to them as all the records are kept by the bank.
Another thing about MOQ is that, while MOQ exist for a good reason, most company will accept a lower ordering quantity.... but at a higher price.... this is all commercial negotiation and that, you can either look to other businesses locally to help get meet the quantity or that you can pay a higher price...
one word of caution, always QC through sample orders... those that you see on web might not always be a fair representation.... And you might want to look at a DHL or forwarder account for your shipping...