I want to make extra money exporting to Mexico. I am doing some research- any ideas?
I have some family in Monterey. I have mentioned a couple of times exporting goods to Mexico. I have decided I will start small. Small machines and clothing.
Small Business - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
You have done a research - well now put your idea into practice, based on your research work - start sending/ exporting the product you have identified to the party / importer in Mexico. By starting a small consignment you may able to gain an experience and real feed back about the future course of action needed.
2 :
When it comes to clothing, I remember this lady over on the West coast somewhere that had two shopping carts full of used quality clothing. She was behind me in the check-out line and I asked her straight forward if she had a business. She confirmed that she had a consignment shop and that she could mark up her clothing at least 10X I thought that was quite ingenious. Alternatively there is plenty of close-out offers for Brand Name new clothing if you can raise some initial cash to buy. When it comes to Machinery; there is at least 2 ways to go; A) Small engines that would help our friends South of the Border with Improving Agriculture. Like motorized tillers could be a way to start; B) then graduate into small used tractors. In both cases you will have to take responsibility for the Part issue; and even have a guy in Mexico to keep up the maintenance on these type of Machinery. C) Whatever Machinery there is a Market for. Check with local import authorities. The way to do the business would probably be to start with the Clothing and Shoes (Some research is needed to find quality shoes; and it will cost you a lot more than clothing.) In any case you'll have to calculate your transportation cost and eventually use a Spedition company that will take care of Insurance as well. In terms of research I would contact the local Mexican government in Monterey; and ask about Import rules for a small business. I would also check on-line for Export rules from this end of the line; and you may get both places. Just don't get discouraged with possible "red Tape". If you can ally with someone that is already importing from the US in Mexico; you could get a head start Write a fact and cost sheet as s you go; to find out what option seem to have a healthy (profitable) structure to it. I wish you a lot of luck. PS I would like to get some feed back from you and find out how this great initiative is coming along. Feel free to contact me at "redwagonretreat@wildblue.net" I am a retired bus. consultant for Small- and Medium sized Companies.
