How to locate excess inventory products for profit

How to Locate Excess Inventory Products For Profit

These days, technology is developing at such an extremely rapid pace that it is next to impossible for most people to keep up with all of the latest advancements. Advanced versions of all types of electronic devices are being put out on the market almost as quickly as consumers can purchase the previous models. As a result, many small products and components are becoming considered obsolete because they are being replaced by better, smaller, faster and more efficient models.

Electronics manufacturers are continually working on new models for various devices. However, consumers typically tend to stick with one model for at least a few years (depending, of course, on the particular electronic device) before upgrading or switching to a different model or version. Yet manufacturers cannot afford to keep an inventory of every electronic component for every electronic device they have ever manufactured on hand for their customers. Although that would be in the best interests of their customers, it would simply be far too costly to keep a large enough storage facility to hold these parts.

What happens to the excess inventory?

The excess inventory becomes regarded as surplus electronic parts, and most manufacturers have no interest in keeping them around unnecessarily unless there is still a great demand for them. These are parts for the earlier models and versions of electronic devices that are not currently being manufactured. The excess inventory is typically sold at a surplus electronic parts outlet.

Surplus electronic parts outlets are distributors that specialize in offering electronic parts in large lots or at discounted prices. They sell all types of electronic components for all types of electronic devices.

Manufacturers contact one of these large scale surplus distributors, either by phone or online. A representative visits the manufacturer and does an on-site inventory of the electronic components that are available for sale. Then, an offer is made. If the manufacturer accepts, the distributor arranges for the electronic components to be transported from the manufacturer’s facility to the surplus outlet where the parts are sold. Usually, the surplus electronic parts are sold online as well.

Surplus Electronic Parts Distributors

Surplus electronic parts are electronic parts in large quantities that are offered at discounted rates at distributor outlets. These surplus distributors exist specifically to offer electronic parts in large lots for cheaper prices and to bring hard-to-find or obsolete electronic components to companies that need them.

One of the most experienced and most well-known excess inventory and surplus distributors is Freelance Electronics. The company has been in business since 1986. Located in Southern California, Freelance Electronics has worked with some of the biggest electronic manufacturing companies in the world. Some clients include Motorola, Lockheed Martin, and Raytheon.

Many manufacturers prefer to work with larger, more known companies like Freelance Electronics because they provide the manufacturer with more exposure. When the manufacturer’s excess inventory is available at an electronic component distribution company like Freelance Electronics rather than one of the lesser-known companies the manufacturer knows that its customers will have easy access to any and all necessary electronic parts needed for any of their devices. Inexperienced companies may not be as easy to find or as easy to deal with. It is important to treat customers right so that customer loyalty is kept strong.

Joint venture potential

Joint Venture Potential

Sometimes, we need to look at the full potential of a Joint Venture in order to get really excited about it. As an example, I recently talked on the telephone with a gentleman in southern California about the potential amount of people in the world that could benefit from leaning how to broker Joint Ventures and achieve financial freedom. He got very excited.

First we looked at WHO could benefit. We agreed that age, background, education, geographic location and financial situation were not a factor. As long as a person was motivated, reasonably intelligent and had the ability to communicate, as well as learn the basic principles of Joint Ventures, they could make real money, soon, with no cost or risk.

Then we looked at WHY someone would want to use Joint Ventures. Anyone who needs money, from employees who want to supplement their income to scholars, school leavers, entrepreneurs and business owners (not necessarily the same thing) who want top boost sales and profits, seniors, college graduates, immigrants… ANYONE who needs more money without an investment or risk and who didn’t want to wait a long time to get the money!

Also, when we know that, statistically, 87% of new businesses will fail, many people are afraid of risking their savings, time and reputation in some “Business Opportunity”. Joint Ventures is a great alternative. In fact, in my opinion, it is the only alternative.

We also looked at the other reasons why Joint Ventures would appeal to people. By earning more money and creating a regular flow of passive income, they could regain their dignity and self respect, security and control, privacy and quality of life. They could look after their family, enjoy holidays and educate their children and themselves. Visit a few seniors homes and talk with anyone who has financial problems and I know you’ll agree with me.

All of a sudden, this fellow in California got very excited at this massive potential. He asked me a simple question: “If I can get you onto radio stations and in front of people, will you pay me commissions on all resulting business?” Of course I will! Then he asked, “Can you create products to fit different situations and industries?” Naturally, I can.

When we see huge potential and we have a viable, proven tool to take advantage of that potential, we get excited, then we take action, then we get rich. Because Zig Ziglar said, “You can get anything you want out of life, if you’re prepared to help enough other people to get what they want.”

Find out more about Joint Ventures and how to find great Joint Ventures Partners visit www.jvwisdom.com.

Institute for independent business executive consultants service business demand

Institute For Independent Business Executive Consultants Service Business Demand

It is no coincidence that in times of business and economic hardship, business owners turn to outsourcing of executive consultants to service their business demand.

Even though most business owners are content to circle their wagons in times of a credit crisis, some of the more proactive entrepreneurial business owners tap into the expertise of executive consultants to drive them out of crisis.

To service business demand during an economic downturn, one has to consider the race for the business growth and expansion finishing line does not have many participants.

This means there are many opportunities waiting to be grabbed by canny business owners. Before any business owner considers retaining the services of any executive consultants to service their business demand they should conduct due diligence. Sadly many executive consultants talk the talk, but in reality very few can walk the walk when hired to service business demand.

Many executive consultants are simply not trained or qualified to conduct strategies designed to grow businesses.

Part of any business owners due diligence should be to identify if their intended executive consultants are actually qualified and current to pass on their business skills. This is often a hurdle that many business owners struggle to scale.

One of the very best indications that executive consultants have indeed graduated from a professional business training programme is to ask if they are an accredited associate of the institute for independent business or the IIB as it is known in business circles. Approximately 5,000 executive consultants have graduated from the IIB residential business school during previous years.

Another method for business owners to check an executive consultants credentials is to check to see if they are a member of a professional business consultancy organisation or trade body. The institute for independent business IIB maintains a membership platform for all of its executive consultants.

The bonus for business owners is that the IIB membership maintains a strict code of ethics which every business consultant member has to adhere to. This ensures that all executive consultants maintain an ethical approach to all their business support activities.

It is worth mentioning that the institute for independent business, or to give it its correct title the institute for independent business international is a not for profit body. I have worked with several IIB executive consultants who are all either self employed business consultants or executive consultants working for other consultancy companies.

Another bonus for business owners utilising the outsourced consultancy services of IIB executive consultants is that they maintain high levels of continuous professional development CPD by attending monthly regional institute for independent business international meetings and quarterly IIB national CPD.

The industry of business consultancy is growing despite the current recession and business owners are hiring qualified executive consultants to service business demand.

The International business guru graduated from the institute for independent business several years ago and is now a Fellow of the IIB. He suggests there are a number of regional institute for independent business groups in many countries around the world making this business consultancy network one of the most professional networks in the world today.

Consultancy Tip for Business Owners Conducting Online Research:

Open up your internet search engine browser and type in any of the following phrases, the institute for independent business, institute for independent business international, the institute for independent business, institute for independent business iib, institute for independent businesses or simply IIB into Google or any other search engine to identify articles and information posted about the IIB online.Every business oiwner will benefit from the available online information.

It’s interesting that frequently when one searches for the IIB, it is not uncommon for people to spell it incorrectly into their search engine. A quick check reveals that even when spelt incorrectly like, institute for independant business into Google it still indexes a number of these results every month.

A simple slip at your keyboard to include an extra i in iiib, delivers a whopping 18,000 page references from Google’s global monthly search volume.

Worldwide businesses and business owners facing hardship in the current economic downturn are seeking executive consultants from the ranks of the institute for independent business, known globally as the iib. The iib executive consultants service business demand by providing business support & advice to managing directors & business owners in most countries around the world.

The iib executive consultants are in business demand partly because they constitute a professional business fraternity dedicated to providing business owners with valuable business support at affordable prices.

The institute for independent business iib global headquarters are located in Watford, England in close proximity to London. Many other countries are representatives of the institute independent business international and large groups of iib executive consultants assist business owners in America, Australia, South Africa, the Middle East and most European countries.

When iib consultants service business demand, it is only after the most rigorous selection criteria and professional testing, followed by personal interviews at the iib HQ to ascertain one’s professional business status.

Once prospective business executive consultants have been identified and passed the initial selection procedures, the institute independent business iib senior management officers invite the candidate to the iib HQ for a 1 week intensive executive consultants specialised residential training course.

Every one of the trainee executive consultants has to pass this iib training programme before they are permitted to call themselves executive consultants who have successfully graduated from the institute for independent business International residential training school.

It is this very strict selection process reinforced by a rigorous residential business training programme that entices business owners, and produces business demand for the fully trained and qualified executive consultants.

A not for profit business organisation, the institute for independent business and its approximate 5,000 registered executive consultants continue to grow and service business demand for International business owners.

Is a merchant account offshore legal

Is A Merchant Account Offshore Legal?

Traveling back from Europe the other, I exchanged business cards with the gentleman sitting next to me. He saw merchant account offshore on my card and said “Isn’t a merchant account offshore illegal or something?” Then one of the other passengers chirped in “Yeah, I hear that a merchant account offshore is a scam. A way for people to launder money or avoid paying taxes.” Both these comment about a merchant account offshore were incorrect, of course. Yet, the reasons for the false beliefs were totally understandable.

The term offshore merchant account has long had a bad rap. Years ago, accounts were set up with banks in small obscure island countries. Hence the term offshore merchant accounts meant the banks were literally offshore. Exotic island locations which few average people have ever seen became suspect. Were the rich people mysteriously squirreling away hoards of cash? Well, a lot has changed since the olden times. And a merchant account offshore no longer refers to some island location

These days, merchant accounts offshore are set up almost everywhere in the world. Switzerland, France, UK, Netherlands, Germany, UK, US, South America, Asia, Pacific Rim, Middle East. You name it. The leading banks in countries around the world avidly compete to establish merchant accounts offshore for companies doing business globally. In fact, world class international banks with recognizable names are now the most common place to establish a merchant account offshore. The term simply refers to an account established in a jurisdiction other than the company’s original country of domicile.

Almost every country in the world wants to profit as much as possible from the vast electronic financial universe in which we all live. Offering a merchant account offshore is just one of many services banks around the world use to attract business customers and their money. There’s no doubt establishing a merchant account offshore can have financial benefits for companies. Certain countries do offer more favorable business conditions than others. You can review those advantages with your business advisers. But laundering money and avoiding taxes is not the reason companies establish a merchant account offshore.

There are obvious advantages for most companies doing business globally to have a merchant account offshore. For example, savings on foreign currency exchange, reduced payment processing fees and redundancy in payment processing facilities to protect business operations are all sound business reasons to set up a merchant account offshore. In these modern days of global ecommerce, a merchant account offshore is no longer anything to hide. In fact, establishing a offshore merchant accounts may be one of the wisest business decisions a company can make.