● Please provide a full listing of current brands you are importing, along with their country of origin.
4. I touched on this on my above answer to nvalue. Essentially, 15-50% off wholesale, which is a mind-boggling percentage off retail. Those margins are tough and require an understanding that you're dealing in volume to make money. I find it especially tricky to manage export costs with handmade products, so I think those of us in the indie beauty industry have to be especially vigilant, but it's certainly possible.
One important thing I believe is worth mentioning: that hip little recycling symbol (known as the Green Dot or Der Grüne Punkt) that you see featured on the links above is actually a protected symbol that must be licensed. I often see it on Indie American products that I am pretty sure aren't of a size to justify all those licensing fees, and unlicensed use is rampant in this country. Essentially, you pay a licensing fee and that fee goes to assist in building recycling efforts inside the EU. That particular recycling logo isn't essential to distribute products in the EU and woe be to those who use it un-licensed.
2. Absolutely. The simple fact of the matter is that collecting a bad debt in a foreign country requires significantly greater exertion of resources and energy than collecting on a bad debt domestically. And I really do not have the time to plod around the planet for payment. Therefore, I ask for payment before shipment and accept only bank wires. Wires are more secure (no worries about stolen credit cards routing through Nigeria) and cost $10-20, rather than the 2-3% of the total. When you're talking about a single transaction running tens of thousands of dollars, those savings add up quickly.
I look forward to meeting you in Palm Springs at the Handmade Soap Convention. Thanks again.
a) Rethink hiring the attorney mentioned in the above paragraph.