Sourcing goods from low cost world markets and selling it locally

• Business Opportunity: There are thousands of products available to source, you may find the best products which you can judge and ensure the quality will be liked by local buyers. For example if the product market price is 100, your cost price is 25 for buying 10000 quantity, so u may sell same at price 40-50, the buyer will sell at 75-95 or even 100 who buys the product from you. Its a simple fact that no retail buyer will buy 10,000 quantity of 1 product to reduce the cost, and the price gap in market will remain open. If we take a product example, mass volume can be of help like buying 10,000 laptops of 1 model.
• Process: You may order a single product, test the quality, use it for a sufficient period of time  Do a research with locals, friends and associates if they like the sample product which you have ordered,  and then once you are satisfied with it then order a large bulk order.
• Ordering: Ensure that the bulk order is done with escrow or bank guarantee so that your money is safeguarded from any fake sellers in the market. The goods can be purchased from manufacturers in asia & countries where the product price available is the best compare to global pricing competition.
• Custom Duties: You need to check locally if there are any custom duties applicable for import of the product in large scale.
• Selling the goods locally: The goods will be easily sold to distributors as the market price comparison will be in favor of your product as well as quality of goods with firm test done from your side in process of purchase. Do a thorough research that the goods available locally with your product make a better stand in the market.
• Financing the goods: Goods for purchase can be financed with 10-20 friends along in a group, or it can be done through bank , most banks where you have a bank account from long time and have a sufficient reputation will surely grant a finance for goods, moreover a 30% of funds finance has to be generated to provide to the seller, and if you get advance payments from your local buyers against the goods it could work really well.
• Foreign Exchange: Check the currency pricing at the time of purchase of goods, buy them at the best timing so that you earn in foreign exchange as well.
• Results: Finally it depends what products you bring in, what price, quality and quantity which will result in profit and key business for you