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E-commerce in Global Sourcing Scenario

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-What Is E-commerce And How Does It Augments Global Sourcing

E-commerce or electronic commerce, as it is popular, allows domestic as well as international trade over the Internet. The advent of E-commerce is boon for global sourcing and import and export. The boost to global sourcing and import/export through E-commerce is because of its to conduct online marketing, monitoring supply chain and monetary & data transaction in a dependable manner.

-Evolution of E-commerce with Global Sourcing

It is hard to tell whether import/export volume has swelled because of E-commerce but sure it made global sourcing easier to monitor with its evolutionary phases. Three decades ago, it facilitated fund transfers- albeit electronically besides facilitating exchange of POs and invoices in international trade. Electronic teller machines are the recent manifestations now overtaken by internet creditcard processing and endorsement of unsigned invoices even in international trade.

-Why is E-commerce Popular in International Trade and Import/Export

Looked at from both import and export traders’ perspective, international trade is easier conducted electronically. Here are the points why present international trade depends much on E-commerce.

1. Quick and ease of setting up E-commerce storefronts for both global sourcing as well as import/export

2. Automatic running off of an import and export outfit without having to recruit many staff

3. Global sourcing agents/companies can evaluate/list import/export vendors online

4. Software assisted documentation for each global sourcing and import export transaction

5. Ability to handle multiple, quick and secure data and money transaction crucial to international trade, simultaneously

-Security Concerns in E-commerce Assisted Global Sourcing

E-commerce is not without security concerns, loss/misuse of encrypted data which are still being seriously being viewed by import/export operators before engaging in international trade electronically. The truth is E-commerce providers employ SSL (Secure Sockets Layer) to encrypt data/money (remember banks) transfer from your desktop to your clients’. You can say, E-commerce is secure for both import/export operators as well as global sourcing agents alike.

E-commerce has arrived on the global sourcing scene as both import and export and international trade partners are accepting it. Despite its growing stature and popularity E-commerce is still thriving in retail sector domestically and the international trade needs to cover a long distance before it catches up. Another reason for import/export operators’ leaning towards E-commerce is the growing costs of delays in processing POs and invoices through traditional methods which render global sourcing useless.

Global Health Products, Their Database and China Outsourcing in International Trade Market

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It is not that easy to get an entry in the international trade market of China, especially for global health products. The legal and government system in China is very complicated and it involves a good amount of paperwork, which sometimes baffles the investors. The work council and labour unions in China outsourcing are very influential and the laws are very strong regarding the security of the international trade. The real fun of China outsourcing business regarding global health products is that we meet a lot of great people along the way. Everyone we meet has a wealth of experience that is invaluable in terms of China outsourcing in international trade of global health products. Phenomenal growth of global health products has a lot to do with the relationships with customers, vendors, and strategic alliances in the international trade market. Creative ideas are tossed around when we interact with clients, vendors and China outsourcing professionals. Involvement is the key word in any business. Obligation is not the same as a social connection that stresses the importance of relationships. Aspiring to profit from a China outsourcing business is not always the same as succeeding in international trade business.

China should incorporate total quality management techniques in its outsourcing of global health products to assure its international trade customers that Chinese outsourcing global health products are of the highest quality. In addition, Chinese Government should implement stringent oversight mechanisms on its global health products to maintain its economic growth and consumer confidence in Chinese global health products.” Buyer beware,” is applicable on both China outsourcing and international trade scale. And in an international trade food market, the phrase, “we are what we eat,” takes on a whole new meaning. To develop and execute a successful business plan for outsourcing Chinese global health products, it requires a good understanding of the profits and losses associated with it. The international trade for China outsourcing market is a network which works competently using their connections in the market for the sale of global health products.

China global health products’ directory or database is undoubtedly the best place to begin our search for China outsourcing procedures in international trade. A good China outsourcing Directory will invariably place us in a position to approach supplies of our choice based on facts and figures. Using a China supplier’s data base, we’ll immediately have the driving position with respect to China global health products suppliers and be able to bypass middlemen and wholesalers and thus the associated costs, as per latest procedure adopted in China outsourcing and international trade. There are online and offline databases for China outsourcing professionals, global health products suppliers and most of these are pioneers in international trade. While choosing a general database may present us with countless options, China outsourcing specific directories can be assumed to be more authentic both in their choice of credible global health products suppliers. International trade specialists, China global health products suppliers directory, recommends China outsourcing as No.1 in the international trade market.

If you are interested with us, please visit the website tootoo.com (http://www.tootoo.com/?source=articles)

Searching of businesses in the global business directory

Business Profile is a succinct, honest and accurate statement of who You are, what You provide, how You are structured and governed, Your principle policies and procedures, Your trading history and financial viability.
Possibility of convenient and easy access to any required Business Profile within the global business directory is one of the basic principles of the Project Bufinder.com.
Business directory is a certain way structured database on businesses and tools for managing this database (for example, tools for addition and search of businesses). An appropriate data structure defines the content of business profiles. Database management tools determine the usability of a business directory for users and administrators.
The Project Bufinder.com includes a complete business directory that has all the above mentioned properties. It’s global nature is determined by the support for all businesses regardless of location or area of activity.
Analysis of existing approaches to implementing business search pushed to the decision to create the multi-criteria algorithm for search of businesses on the basis of an arbitrary set of desired parameters.
The following search options are implemented in the Project:
* Search on an accurate match    * Search on not an accurate match
and also:
* Search on selection of reference values from drop-down lists    * Search on arbitrary parameters in text fields
The Project user interface has elements for switching between different described ways of business search in the global business directory.
Some children parameters in drop-down lists are available to search only after selection of appropriate parental parameters (eg, subcategories, regions, etc. become accessible only after selection of categories, countries, etc.) and arbitrary parameters in text fields are always available.
A combination of required parameters which are specified for business search can be arbitrary.
Building of an effective tool for business search in the global business directory is one of the Project Bufinder.com priorities.

Go Global With Centennial College’s International Business School

Today’s business world is united by the Internet and by international trade in a way it never was in previous generations. Keeping this in mind, it is vital to attend a business program within an International Business School that recognizes the importance of a universal approach. Centennial College in Toronto, Ontario is a post-secondary institution that boasts many areas of study, including international business. The college’s international Business School prides itself on fostering an entrepreneurial spirit from the minute students step foot through the doors of the centrally located Progress Campus, which houses its programs. Speaking of the programs, the School of Business offers more than 30 different ones that range in length for one semester to three years and are designed for specific interests. So what exactly is the approach that sets this international business training apart from other schools? Centennial College balances theory and academic study with optional co-op, internship terms and work placement programs. Career placements have proven to help Centennial graduates from the International School of Business earn job-specific skills, make important industry connections and tailor their individual career paths. Another appealing aspect of attending the business training at Centennial is that its merits are recognized throughout North America’s universities. While completing a business program at the college, students can simultaneously log valuable academic credits towards earning a Master’s and/or Bachelor’s degree from the several well-known local universities in the Greater Toronto Area, Canada and around the world. Let’s look at some of the specific programs offered within the International Business School. The offerings begin with basic instruction through Pre-Business – Business Foundations. It is designed for those who do not meet the admission requirements of other post secondary Business programs. The program creates the opportunity for students to develop themselves through carefully crafted and intensive learning experiences, focuses on the foundational subjects of English, mathematics, accounting fundamentals, business fundamentals, micro-computing fundamentals and basic strategies for business success. Other areas of study include: Accounting, Business Administration, Business Operations, Contact Centre Operations, Court Support Services, Financial Services, Human Resources, Law Clerk, Marketing and Office Administration. If, however, you are looking for a specific international business focus, Centennial College offers the Business Administration –International Business program, which is can be studied either with or without the co-op feature. Through the International Business program, you will acquire the knowledge necessary to take advantage of the challenges offered in a world trade environment. You will learn all the basics of business and gain specialized expertise in areas such as international trade law, finance, sales and marketing. The program also offers hands-on experience through its industry project. This component will allow you to work in a team for a small business or a major company. The last international business aspect of the School is its International Business Exchange, which enables students to study for a semester at one of Centennial’s partner colleges or universities and receive full credit at Centennial for all successfully completed courses.

E-commerce: Triggering a Revaluation of Global Transfer Pricing

Paper presented on

“E-commerce: triggering a revaluation of Global Transfer Pricing”

in Seminar on Accounting Issues

by

Shabiha Durga

Research Scholar, UCCMS, Mohan Lal Sukhadia University, Udaipur

E-commerce: an insight

The fast development of technology has revolutionized the entire concept of business and commercialization since the last two-three decades. World is shrinking with the expanding electronic culture encompassing the business community. E-commerce enables the cross-border business transactions in real time, making the users more contented through effortless dealings from their own work stations or homes. Be it exchange of information, filling the shopping cart, orders processing, making payments or receiving invoices; everything has now been made electronic. No more has a housewife to rush to the nearest kirana store or drive 10 kms from her home to the shopping mall in the city to fetch the household items. All she needs to ease herself from these time consuming visits is to get an access to the internet and shop every listed item sitting comfortably at her home! And this is what the present day shopping culture is. The whole metrics of the stores have now transformed drastically. The small mismanaged store at the end of the street has now been replaced by the online stores, and the shopkeepers by the customer care cell guiding the virtual customer to shop well.

E-commerce is gaining the popularity very fast

? Low set up cost: The online services provided by the organizations do not call for any huge investments and not even physical merchandise in many cases. The large retail showrooms simply display the products on the site.

? Free market: The market of e-commerce is not having any restrictions on entry of the sellers of goods or services. It is limitless and hence serves as a good platform for the budding and small players too.

? Global access: Same as for the number of sellers in the market, there is no restriction to the buyers of the commodities. E-commerce has a much wider customer base than a physically operated store or service station.

? Technology: With the rapidly growing avenues in e-commerce, the newer technologies are mushrooming day-by-day to make it more effective and user friendly.

? Real time transactions: Transaction via electronic carriers is less time consuming and more effective.

? Cost effectiveness: With the shortening supply chains, the direct effect is on prices of the final products.

? Ease of payments: many services make payments easy via the internet. Smart cards and credit cards services provided by internet shopping are assured of security and hence improvise the standards.

? Personalization: The websites keep a track of past orders made by a particular customer, so that when he returns at a later stage, he is guided to those links he visited earlier.

Globalization of the economy, shorter product life cycles, hard-hitting competition and frequent changes in technology are some of the many factors giving rise to the emergence of e-commerce. Keeping up with the Darwin’s theory of “survival of the fittest” every organization is trying hard to board the new age band-wagon.

The concept of Transfer Pricing

Transfer pricing refers to the pricing of goods and services within a multi-divisional organization, particularly in regard to cross-border transactions.

Transfer pricing is the price that is assumed to have been charged by one part of a company for products and services it provides to another part of the same company, in order to calculate each division’s profit (or loss) separately. Transfer pricing provisions primarily require any income arising out from an International transaction between two or more associated enterprises to be at arm’s length price and comparable to similar transactions between unrelated enterprises.

In order to discover the correct profitability, the firm should be sure that interdivisional transfer prices are the prices that would have been paid had the transactions been independent companies, so-called “Arm’s length prices”. Transfer pricing assumes greater significance in case of entities with a number of affiliates and subsidiaries located in different currency areas and under different legal and political systems. In overseas operations the MNCs may be confronted with many complicated variables such as differential taxes, tariffs, exchange controls, government regulations, inflation, political systems, etc.

Relevance of Transfer Pricing methods in E-commerce

In the age of IT enabled transnational exchanges of commodities, the concept of transfer pricing holds a major significant role. To ease the commodity and service transfers, the new international transactions, policies and protocols are getting moderated accordingly. Now, the MNCs have awakened to the fact that international accepted transfer pricing methods are no longer applicable to e-commerce cross-border activities. Also, they are aware that their corporate financial officers and accountants must help reduce the risk of transfer pricing tax audits of either Internal Revenue Service or host countries’ tax authorities. As multinationals manage their cross border global business transactions, traditional transfer pricing for e-commerce transactions may be more difficult to apply to reduce their worldwide tax liabilities and globally integrate their production and marketing strategies.

Earlier, the transfer pricing tax regulations were written within the framework of national sovereignty in tax system before the discovery of e-commerce. Tax authorities consider ecommerce as a threat to revenues from traditional income tax systems and; therefore, they are pushed to ensure their tax system integrity by closing the loopholes for either tax avoidance or tax evasion through the use of ecommerce. On the other hand, corporate financial officers (CFO) and accountants who work for MNCs should ensure that their transfer pricing policies reduce the risk of audits. To protect their tax bases, tax authorities must ensure they collect a fair amount of corporate income tax from multinational corporations (MNCs) operating in their jurisdictions and have become more alert in enforcing the rules of transfer pricing. MNCs could face inconsistent and unfair treatment of cross-border transactions, double taxation and penalties for noncompliance with different tax regulations of different countries. The complexity of the issue might require MNCs to redefine and update their strategies to go with the new challenge of the information technology in the twenty-first century.

Maguire (1999) argue that e-commerce may not present new transfer pricing problems; it only magnifies exiting issues such as the valuation of intangibles and services, and compliance with documentation and information reporting requirements. Moreover, the Organization of Economic and Cooperation Development (OECD) still think that existing principles in dealing with e-transfer pricing transactions are adequate, and that e-commerce has not presented any fundamentally new problems for transfer pricing. However, due to rapid development in communications resulting in instantaneous transmission of information, tax administrations are concerned that it may become more difficult to identify, trace, quantify and verify cross border transactions, and there are difficulties in applying internationally accepted transfer pricing methods to e-commerce.

MNCs, tax authorities, and international organizations are at the crossroads of not being able to solve the complicated problems created by e-commerce and international transfer pricing transactions. As MNCs mange their cross border business transactions, transfer pricing methods and strategies for e-commerce may be more difficult to apply in reducing their tax liabilities and integrate their production and marketing strategies on a worldwide basis.

First, the issues of choosing the right transfer price that fits the nature of cross-border ecommerce activities will be investigated.

Second, taxation of products or services transferred through the Internet by tax authorities will be discussed. Finally, certain guidelines to protect MNCs and reduce their risk against transfer pricing audits by tax authorities will be recommended.

Methods of Transfer Pricing by E-commerce based MNCs:

It is presumed that the use of non-traditional business practices such as the web by online retailers should not theoretically result in generated income being treated differently for tax purposes. However, the nature of ecommerce business tends to mix up national borders and the source of income. Under Section 482 of IRC, the permissible methods for determining an arm’s-length price are: (a) comparable uncontrolled price method, (b) resale price method, and (c) cost-plus method.

The three methods are required to be used in order, and a fourth alternative method may be used for all other situations in which none of the first three are considered appropriate and reasonable. The fourth one can be based on profit-split approaches such as the comparable profits method and several split-profit methods.

The OECD transfer pricing guidelines were first issued in 1979 and have become internationally respected. They maintain the arm’s length principle of treating related enterprises within a multinational group and affirm traditional transaction methods as the preferred way of implementing the principle.

OECD’s definition of Arm’s length principle

Although there are discrepancies in the specifics of each country’s laws concerning the application of the arm’s length principle, the fact that they are primarily based in the OECD Guidelines means that, although such a strategy carries a greater taxation risk than solutions tailored to each country, global transfer pricing policies can be effectively used to determine an appropriate range representing the arm’s length price for transactions carried out across a global enterprise.

However, different countries may accept different methods of calculating the transfer price (i.e. Japan requires that the three “traditional” methods, outlined below, be systematically discounted before allowing the use of alternative methods, while the United States accepts the most appropriate method regardless), so care must be taken in such circumstances. In addition, some countries may have immature transfer pricing regimes or apply the arm’s length principle in different ways—Brazil, for example, does not apply the arm’s length principle despite the existence of transfer pricing legislation.

Traditional methods

1. Comparable Uncontrolled Price method

The Comparable Uncontrolled Price (CUP) method compares the price at which a controlled transaction is conducted to the price at which a comparable uncontrolled transaction is conducted. This makes it the easiest to conceptually grasp, as the arm’s length price is, quite simply, determined by the sale price between two unrelated corporations. However, the fact that virtually any minor change in the circumstances of trade (billing period, amount of trade, branding, etc.) may have a significant effect on the price makes it exceedingly difficult to find a transaction–much less transactions–that are sufficiently comparable.

Should they exist, such comparable transactions fall into two categories: external comparables and internal comparables. The former is a comparable uncontrolled transaction in the purest sense of the term–if Company A, in France, sells widgets to its subsidiary A(sub) in Turkey, then an external comparable transaction would be the sale of widgets from French Company B to Turkish Company C (an unrelated enterprise) on identical terms as the trade between A and A(sub). An internal comparable transaction, then, would be either the trade of widgets between Company A and Company C, or the trade of widgets between Company B and Company A(sub), with the term “internal” referring to the fact that one of the parties involved in the tested transaction is also involved in the comparable uncontrolled transaction.

2. Cost Plus method

The Cost Plus (CP) method, generally used for the trade of finished goods, is determined by adding an appropriate markup to the costs incurred by the selling party in manufacturing/purchasing the goods or services provided, with the appropriate markup being based on the profits of other companies comparable to the tested party. For example, the arm’s length price for a transaction involving the sale of finished clothing to a related distributor would be determined by adding an appropriate markup to the cost of materials, labour, manufacturing, and so on. Cost based method calculates transfer price on the cost of the goods or services available as per the cost accounting records of the company. The method is generally accepted by the tax customs authorities, since it provides some indication that the transfer price approximates the real cost of item. Cost based approaches are how ever not as transparent as they appear. A company can easily manipulate its cost accounts to alter the magnitude of the transfer price. Companies that adopt the cost based transfer pricing method have to choose between alternative approaches : Actual cost approach Standard cost approach Variable cost approach Marginal cost approach

Apart from this, companies also have to decide on the treatment of fixed cost and research and development cost. These issues can prove problematic for the company that adopts a cost based transfer pricing method. Cost based method usually creates difficulties for the selling profit centre. As their incentives to be cost effective may fall, if they know that they can recover increased cost simply by raising the transfer price without an incentive. To produce efficiently the transfer price may erode the competitiveness of the final product in the market place.

3. Resale Price method

The Resale Price (RP), while similar to the CP method, is found by working backwards from transactions taking place at the next stage in the supply chain, and is determined by subtracting an appropriate gross markup from the sale price to an unrelated third party, with the appropriate gross margin being determined by examining the conditions under which the goods or services are sold and comparing said transaction to other, third-party transactions. In our clothing example, then, the arm’s length price would be determined by subtracting an appropriate gross margin from the price at which the distributor sold the products received from the manufacturer to third-party retailers–department stores, boutiques, etc.

In this example, both the CP and RP methods are being used to examine the same transaction–the one between the manufacturer and the distributor–meaning that the selection of one for use is ultimately dependent on the availability of data and comparable transactions. This flexibility is not available in other transactions, particularly those involving intangible goods (i.e. it is exceedingly difficult to determine the costs involved in developing technological know-how, and so the arm’s length price for the payment of royalties from one company to another is best determined by working backwards from the profits gained based on the usage of the know-how–in other words, the RP method).

Internal Revenue Service

Section 482 of the Code authorizes the IRS, (United States Department of Treasury) to adjust the income, deductions, credits, or allowances of commonly controlled taxpayers to prevent evasion of taxes or to clearly reflect their income. The regulations under section 482 generally provide that prices charged by one affiliate to another, in an intercompany transaction involving the transfer of goods, services, or intangibles, yield results that are consistent with the results that would have been realized if uncontrolled taxpayers had engaged in the same transaction under the same circumstances.

Profit allocation will usually be according to the distribution of corporate sales, with the sales valued at the “correct” exchange rate. The advantages of preventing distortions in transfer prices must be balanced against the potential gains from using distorted transfer prices to reduce tariffs, taxes, political risks, and exchange losses. This balance can be a difficult problem for multinational corporations.

What features make a successful Global business cards design ?

What features make a successful Global business cards design ?

A global business card is your first impression on your foreign clients or associates. Each country you visit has its code of behavior to follow that will show proper respect for an individual’s culture and rank.

To design global business cards, you need to keep in mind the localization and adaptation of your business card to the language, style and usage of the country with whom your company is doing business with.

You should be able to understand your client’s local culture to avoid frustration and misunderstanding. For example, you need to know about your client’s country values, behaviors and other professional essentials. To design global business cards, you need to concentrate on few areas so that your clients always remain a potential one.

These few areas of concern are:

* The content should be clear and detailed. If you are interacting with foreign clients, you should provide your current contacting details on your business card. The client gets a feeling of comfort that you are easily reachable during business hours.
* Good quality paper should be used as it leaves a remarkable impression on the customer. A qualitative business card makes your customer think about quality of your business.
* Colors play an important role as they signify different meanings across cultures. You should try sticking to the most decent ones like, white, cream, black etc. Using too many colors can make your business appear cheap.
* A well designed logo transmits a professional image on your foreign clients. It shows you get your business promotional items done professionally. It also signifies your concern for your company’s image.
* If you provide the cards translated into your foreign partner’s language, it will show respect and also confirm that your company, its title and important information is being accurately communicated. This is called localizing your global business card. It is an inexpensive way to leave a positive impression on your international clients.

The first impression you deliver of your company should leave a lasting impression in customers’ mind, convincing them to create a business relationship with your company. Global business cards can be an effective marketing tool if you want to market your company on an international scale. It is an inexpensive way to leave a positive impression on your foreign clients.

MBA: an essential qualification in the Global Business World

MBA: an essential qualification in the Global Business World

Master in Business Administration (MBA) education in the global environment has become essential for every manager. With a dynamic environment where one need to be updated with not only local issues but also global ones. A good MBA program provides its students a framework to assimilate analysis and productively use information.

MBA makes its students highly responsive and trains them to adapt and excel simultaneously in global as well as local environment.  Student of MBA courses remain inquisitive and continually innovate, learn and refine.

Ethics and discipline in the work environment are also important factors that determine success in the business world. Though they cannot be taught in an MBA classroom, they can defiantly be discussed and debated among students of MBA. Students can be encouraged to retain core human values at all times, especially while competing in corporate world.

Today we live in a seamless global village where the environment is dynamically changing. Markets have become global and so have the supply chains. The competition is no more local, it is global at all levels right from operation to human resources. An MBA course should provide its students the confidence to operate in such an environment be it in the field of marketing, finance, information technology or international business.

An MBA course should offers specialization that is relevant and the student can apply as soon as he or she graduates. Popular areas in which MBA students specialize are Marketing, Finance, Tourism and International Business.

eFoods Global Business – How To Make Money With eFoods Global

eFoods Global are a network marketing company selling quality foods than can be kept in the cupboard for up to 15 years. These products can be life saving when money is a bit tight, or in face of a disaster. The products can set customers’ minds at ease, knowing that they will always have some quality food in the cupboard. By starting an eFoods Global business, you have the chance to earn a substantial income. You could be making thousands of dollars every month. But, only if you know how.

Making money with eFoods Global is not guaranteed. It’s true that you can earn thousands of dollars every month, but it’s also true that you can earn nothing. Many people have been highly successful, earning an annual six-figure income. But even more people who have tried to make money with eFoods Global have not made a single cent. The reason for their failure has nothing to do with the company being a scam. It’s because the reps don’t know how to run their business.

A classic mistake made by many network marketers is to host home parties. Home sales parties used to be all the rage. You would throw a party, invite everyone you know, and get them to invite their friends and family. Before you know it, you have a room full of potential customers who are giving you their undivided attention. But like I said, this used to be all the rage.

These days, home parties tend to be poorly attended. They usually end up being a waste of time and money. Today, if you want to make money with eFoods Global, then you have to get online. The internet is the most time saving device at your hands. With the right combination of SEO, PPC and social media, you can leverage your business and have hundreds of interested people contacting you on a daily basis. This saves you time and money- you’re not chasing after customers; they are coming to you.

To make money with eFoods Global, you need to stop hosting home parties, and start embracing technology. Get online, and start seeing the money flow in.

 

eFoods Global Opportunity – How To Grow A Massive eFoods Global Business

You might have heard of a brand new home-based business opportunity called eFoods Global, but what is it all about, and is it any good?

The Truth About eFoods Global – The Good…

It is a network marketing company which is based around providing its customers with non-perishable foods for now, and for the future. When customers buy supplies from eFoods Global they get sent 3 of each item – one for serving, one for sharing, and one for saving. In other words, you eat one now, share one with somebody else, and save one in your cupboard for the future.

The idea is based on the belief that food supplies are the most important currency a person can have. The company believes that no matter how low money gets, if you have supplies of food to sustain your family then you are in a very powerful position.

Customers who like the idea and the products can become distributors and build their own business by selling the products and promoting the opportunity. These people are called Essential Business Owners, and they can earn commissions on the sales they make, and earn bonuses for the sales of those they personally sponsored into the business. There are several other ways to make money, like bonuses based on group sales, for example, and the chance to earn your own food for free.

The Bad News…

In the current financial instability this concept might appeal to quite a lot of people, but despite this most people who become Essential Business Owners will still end up failing in their business. This is nothing to do with the products or the concept, it is just a sad fact of life in all MLM ventures. The reason that so many people fail in MLM is that they use bad business models, and techniques that are proven to fail.

Most network marketers will follow the traditional advice of selling to their friends, family, and neighbors, but this approach is proven to fail for the majority of people. I order to grow a big business and make huge returns, you will realistically have to generate hundreds of leads every single week, and add 2-3 people per-day into your business. Most people do not know enough friends or family to be able to do this. Sooner or later you will run out of contacts and your business will stop growing.

How To Build A Massive eFoods Global Business

In order to add enough people into your business to see massive returns you need to cast your net wider. There are millions of people in the world, and they all need to eat food, so why limit yourself to just your friends and family? We are lucky that we live in a time when the internet gives us access to people all over the world, in every continent and in every country, at the click of a button.

By starting a blog, writing articles, commenting on forums, answering people’s questions, and advertising cheaply and effectively, you will soon have hundreds of leads every week asking you about your opportunity, wanting to know how you can help them, and desperate to invest in you. You will be able to add 2-3 people a-day into your business, and the success that you dreamed of will be there for the taking.

So the key to seeing big returns with eFoods Global is learning the art of marketing on the internet.

 

International Marketing Plan Ideas ? Can You Go Global?

Have international marketing plan ideas flowing in your head? Do you want to get into the global marketing game? Do you have a plan in place yet? There are a lot of aspects to selling world wide. There are many things to consider. Here are 3 areas we think you may want to look at before your sink your heart and soul into the campaign.

Consider these 3 key areas to enplode your international business profits!

1) Language Barrier- Try walking around your own town and have a conversation with a few people. You will find rather quickly that even if you speak the same language, there may be some things that you simply did not understand. The ability to communicate with your customers is paramount. This is important, not only with the initial sale, but also with future sales and service issues. We would suggest that you market and do business in countries that speak your language. At the very least try to keep the communication lines open with those who you and your staff can interact. If your advertising is in your native language, then you will attract those who speak it and should be ok.

2) Money Exchanges- Having traveled to the UK, I can tell you that the type of cash you carry can be an issue. Try using euro in the airport in England. It can be a challenge. Just imagine trying to spend the same euro on the streets of America. Fortunately, with today’s international banking, you can get your payment from anywhere in the world and the banks make the exchanges at the same time. You can even ask for your payment to be in your native currency and the buyer then makes the adjustment. These methods can simplify things considerably.

3) Product Demand- You will want to be sure if there is a demand for what you are selling before you try to market it in some areas. Regional products like snow shoes are easy, but what if it is just a matter of a saturated market. You would be better served to do your research and find markets that need what you have. The internet is a treasure trove for this kind of information.

These are just a few of the international marketing plan ideas out there. We have just scratched the surface of what you will need to know to be successful in the global marketing arena. Learn all you can about marketing on and off the internet. A solid marketing and mentoring program can make all the difference to your success.