In import what the name for whole sale buying

 There isn't a single, universal term for wholesale buying in the import context. However, here are some common terms and phrases used to describe this process:

General Terms:

 * Wholesale Purchase

 * Bulk Purchase

 * Importation

 * Global Sourcing

More Specific Terms:

 * Direct Importation: Buying directly from a foreign manufacturer or supplier.

 * Indirect Importation: Buying through an intermediary, such as a trading company or import agent.

 * Container Load (CL): Buying a full container load of goods.

 * Less Than Container Load (LCL): Buying a portion of a container load.

Other Related Terms:

 * Purchase Order (PO): A legal document detailing the terms of a purchase.

 * Bill of Lading (BL): A document issued by a carrier to acknowledge receipt of cargo for shipment.

 * Commercial Invoice: A document detailing the goods being shipped, their value, and other relevant information.

 * Customs Clearance: The process of clearing goods through customs upon import.

The specific terminology used can vary depending on the industry, region, and the specific products being imported. It's always best to consult with a customs broker or import-export specialist to ensure accurate terminology and compliance with relevant regulations.

Moq

MOQ stands for Minimum Order Quantity. It's the smallest number of units a supplier is willing to sell in a single order.

Why do suppliers set MOQs?

 * Production Efficiency: Manufacturers often have production setups that are optimized for larger quantities. Setting MOQs helps them achieve economies of scale and maintain efficiency.

 * Profit Margins: Smaller orders can have higher production costs per unit, which may not be profitable for the supplier.

 * Inventory Management: Suppliers need to balance inventory levels to avoid stockouts and excess stock. MOQs help them manage their inventory effectively.

How does MOQ affect importers?

 * Higher Initial Investment: A higher MOQ means a larger upfront investment for importers.

 * Inventory Risk: If you can't sell all the products quickly, you may end up with excess inventory and higher storage costs.

 * Limited Flexibility: MOQs can restrict your ability to test new products or respond to changing market demands.

Tips for dealing with MOQs:

 * Negotiate with the Supplier: Try to negotiate a lower MOQ, especially if you're a repeat customer or willing to pay a higher price per unit.

 * Consolidate Orders: If you're ordering multiple products from the same supplier, you can combine them into a single order to meet the MOQ.

 * Find a Sourcing Agent: A sourcing agent can help you find suppliers with lower MOQs or consolidate orders from multiple suppliers.

 * Consider Dropshipping: Dropshipping can be a good option if you don't want to deal with inventory or MOQs.

By understanding MOQs and their implications, you can make informed decisions when importing products and minimize the impact on 

your business.

Drop shipping

Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the seller doesn't have to handle the product directly.

Here's how dropshipping works:

 * Customer places an order: A customer places an order on your online store.

 * Order is forwarded to the supplier: You forward the order details and customer's shipping address to your supplier.

 * Supplier ships the product: The supplier packs and ships the product directly to the customer.

Advantages of Dropshipping:

 * Low startup costs: You don't need to invest in inventory or warehouse space.

 * Easy to start: You can start a dropshipping business with minimal setup.

 * Flexible location independence: You can run your business from anywhere with an internet connection.

 * Wide product range: You can offer a variety of products without having to stock them.

Disadvantages of Dropshipping:

 * Low profit margins: Competition is high, and profit margins can be thin.

 * Less control over shipping and customer experience: You have limited control over shipping times and product quality.

 * Inventory issues: Stockouts can occur, leading to disappointed customers.

 * Supplier reliability: You rely on your supplier to fulfill orders accurately and on time.

Popular Dropshipping Platforms:

 * Shopify: A popular e-commerce platform that integrates with various dropshipping apps.

 * AliExpress: A Chinese online marketplace with a vast selection of products for dropshipping.

 * Spocket: A platform that connects you with reliable suppliers and offers premium product options.

Tips for Successful Dropshipping:

 * Choose a niche: Focus on a specific niche to stand out from the competition.

 * Build a strong brand: Create a strong brand identity and customer experience.

 * Effective marketing: Use social media, email marketing, and paid advertising to promote your products.

 * Reliable suppliers: Choose reliable suppliers with good customer service and fast shipping times.

 * Monitor inventory and pricing: Keep track of product availability and pricing to avoid issues.

Remember, dropshipping is a business model that requires hard work and dedication. While it offers many advantages, it's important to be aware of its challenges and take steps to mitigate them.

 * https://mcfadyen.com/2018/05/29/the-marketplace-model-drop-shipping-for-grown-ups/

 * https://blog.converted.in/en-us/blog/ecommerce-vocabulary-and-ecommerce-metrics-you-need-to-know