How to be commission agent when buyer & seller are situated in foreign
Post 1 of 6
Hi!
I want to know is it possible to be commission agent when buyer & seller are situated in foreign countries. In this situation what document I have to prepare & wht I have to do in both foreign countries. Could I register me in both of bountries?
plz help
I want to know is it possible to be commission agent when buyer & seller are situated in foreign countries. In this situation what document I have to prepare & wht I have to do in both foreign countries. Could I register me in both of bountries?
plz help
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31 Jan 2008 00:45
Post 2 of 6
Replying to [Vijay Corporation]:Hi
Yes it can work, but you need to be thorough before hand.
Do a background check throught the consulate of the country you are looking at putting on staff.
Ring stores and potential customers in that country to check if they have heard of the agent.
Only allow the agent to have samples, not large quantites. You can even ask the agent for a deposit on the samples (eg 20% of costs, this will reduce your initial risk)
Know how long it will take for products from your factory or shop to travel to the purchasing shop in another country (you need to know how long are goods normally in customs for in both countries). This way the agent can give a more accurate delivery time to potential customers. Do not allow the agent to push you into allowing him to hold product, if customers now the facts up front and are genuine they will wait.
Arange for the agents payment from you to be made once you have received the monies from buyers and it has been cleared
You must be viligent at all times, even if after the agent has been with you for sometime, do not change your original policy and agreement.
Yes it can work, but you need to be thorough before hand.
Do a background check throught the consulate of the country you are looking at putting on staff.
Ring stores and potential customers in that country to check if they have heard of the agent.
Only allow the agent to have samples, not large quantites. You can even ask the agent for a deposit on the samples (eg 20% of costs, this will reduce your initial risk)
Know how long it will take for products from your factory or shop to travel to the purchasing shop in another country (you need to know how long are goods normally in customs for in both countries). This way the agent can give a more accurate delivery time to potential customers. Do not allow the agent to push you into allowing him to hold product, if customers now the facts up front and are genuine they will wait.
Arange for the agents payment from you to be made once you have received the monies from buyers and it has been cleared
You must be viligent at all times, even if after the agent has been with you for sometime, do not change your original policy and agreement.
31 Jan 2008 21:40
Post 3 of 6
Replying to [Vijay Corporation]:
hello Vijay:
In my part, I can be an agent to a company elsewhere, i need the agreement contract and our xerox copies of the passport, company license then notarized by the embassy of same then i can let the buyer or seller send directly the goods to the place of destination but I will be the one to collect the payment and pay to the seller in that case i am safe to both of them , because if no payment no shipment .
I stand corrected if i am not right to this view. thanks.
hello Vijay:
In my part, I can be an agent to a company elsewhere, i need the agreement contract and our xerox copies of the passport, company license then notarized by the embassy of same then i can let the buyer or seller send directly the goods to the place of destination but I will be the one to collect the payment and pay to the seller in that case i am safe to both of them , because if no payment no shipment .
I stand corrected if i am not right to this view. thanks.
02 Feb 2008 17:45
Post 5 of 6
Replying to [Vijay Corporation]:
Do not worry so much.
It is the chinese lunar new year.
Maybe they are holiday.
I do business with chinese people so long.
Mostly, they are good.
Just be calm and try to know what happened.
Check from your bank and also maybe in some local commercial authority. Maybe they can help you.
May everything good in your side.
Do not worry so much.
It is the chinese lunar new year.
Maybe they are holiday.
I do business with chinese people so long.
Mostly, they are good.
Just be calm and try to know what happened.
Check from your bank and also maybe in some local commercial authority. Maybe they can help you.
May everything good in your side.
04 Feb 2008 18:36
Post 6 of 6
Replying to [Vijay Corporation]:
agree with the above answer!
agree with the above answer!
09 Feb 2008 01:04
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