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It largely depends on the cost to manufacture and the number of items you are selling. The more items you are selling every month the more profitable it would be to have production in the US. If you are only selling a few items, it may be worthwhile to keep producing them overseas, but look for a cheaper way to ship them.
Analyze the prices of competitors offering similar products or services. Then set you prices near their prices. This will mean your prices are always near the market price.
Alternatively, you could also determine what it costs to produce your good/service and charge a set percentage over top of costs. For example, if you want a 30% profit and it cost you $1 to produce your thing, you would charge $1.30. This method can allow you to seriously undercut your competition.
We all love Jeff Bezos but most of us won't be him. You must be the most successful version of you that you can be.
All small business owners are entrepreneurs. Find a need in your area and find a way to fulfill it. Perhaps there is a shortage of lawn care, brush clearing, or painting professionals. Buy the tools needed and fill the gap. Use profits you earn to hire workers and expand.
If you are an active small business owner you will see opportunities all around you. Hard work will help you succeed no matter where you fit in the market.
The first thing you need to do is clarify your idea. A "mobile wallet" can mean a lot of things. Are you wanting to build an app, a company that partners with credit card providers, or create a vehicle to save on medical bills? You must think about this and research.
Once you have clarified your idea. Imagine your end user's experience and imagine how your product will help them. Once you have done that begin working backwards from the end product to determine what you need. So for an app you would need some servers, a developer, and a good idea. You get the point. You must study what you want to do and then you will have the clarity you need.
Reach out to small businesses in your area. If you can sell them on the benefits of having a strong online presence and help them set up a website and a blog, you will get some solid first customers.
Starting an animation company in Egypt is similar to starting a company in any country. According to Wamda.com there are nine steps for Egypt specifically.
1: Trade Name Clearance Certificate (done by client). 2: Obtain a certificate from an authorized bank (done by client) . 3: Submit documents to the Companies Establishment Department, under GAFI (done by client). 4: Notarize company’s contract (done by client). 5: Obtain Chamber of Commerce Certificate (done by GAFI). 6: Issuance the notification of incorporation (done by GAFI). 7: Commercial Registry Certification (done by client). 8: Register for taxes (done by client). 9: Register employees with the National Authority of Social Insurance (done by client) .
Aside from the steps listed above you need to make sure you have a solid business plan with estimates of revenues and a clear explanation of your value proposition.
Reference: https://www.wamda.com/2011/05/how-to-register-a-company-in-egypt-the-complete-process
Try the International Food Service Executives Association (https://www.ifsea.org/). Their membership is incredibly broad. You can also try connecting with them on LinkedIn. The hard part is finding the first couple of executives, if you can tap into their networks, then you will find success.
Concerning email formats, use subject line: "Quick Question"
Then use a brief straight forward message: "Dear XYZ,
I am ABC and I am trying to create a start up to help food brands. Could I ask you a few questions to learn about needs for food brands?
Sincerely,
ABC"
Access to credit depends on the country and the credit worthiness of the borrower. For a business account, they will want to see strong financials. The trick is to get to know the lenders that serve the country you account is located in. Then apply for loans that suit your needs. Of course there is credit on the "international" scene as well, however, expect a lot more hoops to jump through as well as challenges in getting approved.
If you don't trust the other person you need to move on with your life. Trust is the foundation of a relationship. If you can't trust the other person, then you are wasting your time and their time too. You are probably a wonderful person and deserve a life with trust and happiness.
Simple enough, just call the suppliers you are hoping to partner with and look to talk to someone in their marketing department. Pitch you idea as a way for them to add a new long term client.
If that fails you could take out a personal loan and buy a small number of the items needed. Then use your profits to pay off the loan and buy more items.
You need to have a lawyer draw up non-disclosure and/or non-compete documents. Then have your lenders/investors sign them. However, that will alienate some lenders. Risk of someone taking your opportunities is a risk of doing business. It sucks to stick your neck out and risk getting taken advantage of, but sometimes that is the cost of doing business. However, just because a competitor tries to perform the same arbitrage does not mean they will be successful. Finally, the moment you start making money from an arbitrage, the the market will become aware and others will discover it on their own (that is the efficiency of the market).
