Stage 2 Deadline: 15 Nov 2009

 

 

 

 

"Thanks to the helpful advice of everyone in Stage 1 of this activity, Bob Miller found a supplier he is happy with. Now Bob is ready for the next stage in trade: negotiating the payment terms. Confused by the payment methods available to new traders, Bob needs your help choosing one that is safe, secure and appropriate for his first transaction as a buyer."

 

 

 

Advise Bob on how to choose a simple and secure way to make transactions and get the chance to win 200 MVPs!

  

 

 

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Okay Bob, put it like this way, let us consider the each case

simple & secure:
We recommended you to use Escrow Service company as the Neutral 3rd Party for the payment.
simply you just pay to this guarantor(as like bank guaranty) to keep your money as proof of payment,
(liquidity),
your money is secured by escrow coy. it will be not paid to supplier until the goods are
delivered and received well by You. the payment only would be settled upon your confirmation of
your acceptance and approval of the merchandise. If you do not get the goods or not accept the quality
and quantity or else, you may refuse to pay and get partially or fully refund from the escrow coy.

On the other side, Supplier will be assured because the money already stand by at the
escrow coy. It could be drawn/collected from escrow coy anytime as long as the goods
already been delivered & accepted by You. In Alibaba it is known as Ali Pay (escrow coy),
Choose it as the simple and secure way to make transaction !

regards,
Oneuni
see the final stage 3
http://resources.alibaba.com/topic/638572/_Activity_Final_Stage_Advise_Bob_Miller_and_win_.htm

I suggest to go for LC at Sight from a first class bank .

If the trade volume is smaller , then it is quite difficult.

let us say bob miller wanna buy something , he is afraid to send money without having the goods at the same time seller afraid to send the goods with out having the money.

its all subject to risk , if you got some of your friends , you could inquire about the company you dealing or google it to know about their import , export activities - import genius kind of websites can help you know about the company. ....

believe me , sometime trust pass and gold supplier also can't help you............

sometimes , we have to take the risk in business and i don't advise to send 100% money in advance to any unknown. or simply buy from me....!

Have a great business Bob Miller.

from

seagear , indonesia
yarns from indonesia

BEST PAYMENT TERMS

1- ALIPAY

2- IRREVOCABLE AND CONFIRMED SIGHT L/C WITH PAYMENT BY NEGOTIATION OF DOCUMENTS

3- IRREVOCABLE AND CONFIRMED ACCEPTANCE LETTER OF CREDIT  AVALIZED BY DRAWER'S BANK

The only advice I would offer on a first time agreement for payment would be a bank money order or a certified check. That would open the door to a better line of trust on the first time purchase. A minimum amount of the items needed would also be advisable. Start out small and as a trust grows between buyer and seller, large quantities can always be purchased later down the road.

First,try getting some samples from them,and ask them to offer registered information.

Sencond,call him and tell him that your local representation will visit them.

Usually,scammer have enough patience to cope with your these arrangement

sometimes,I want to buy something,I always do like this

Bob Miller. Heres a piece of advice. If i were you i would have tried to get to know the supplier a little better. Built up a relationship with him. Try to find out if he was more eager in acquiring money from you or doing business. Suppliers who would let you take your time in taking you decision have a good chance of turning out to be genuine suppliers. Same with buyers. Secondly even if you find this particular suppliers rates better than the rest. Make sure that they are not too low. If you think his rates are too low and you make a large profit out of it, think again this would surely turn out to be a scam or not up to the mark in terms of quality. Thirdly try to search the client on other sites or forums on the internet. This technique would help you find out the actualy activity of your client except on Alibaba. This method once saved me from a scam. Fourth if he is a gold memeber on alibaba you could ask your country representative about advice and background about the company. That might help Fifth always send a little money on getting a sample first even if may cost you more. This would give you assurity of the quality of the product. If possible pay for it on Cash on Delivery terms. This helps build trust on the supplier end as well as the buyers end Sixth and the most important always do what your instict says cause in business you got to learn to take risks and should always calculate your losses before your profits

how about paypal, many customers would like to pay by that.

bob , I will tell you some tips on my experinces , First try to judge your supplier before making a deal on these grounds , if a seller is really genuien he will show his sincerety towards his new buyer i.e. you , he will give you regular follow ups like ,he will send you the quotations (it should be current market price ) and on your interest he may send you the samples for your quality judgement , if he is really a serious supplier you will get prices near to other suppliers , if you get samples you may asume that he is a geniuen good supplier.( you may ask more samples and satisfied quality samples , he will be much happy to send you satisfied samples) If you are sure you want to deal with him just start. Second : check payment terms and methods. Payment terms: 1.T/T Telegraphic Transfer. 2.L/C Letter of Credit. 3.30% OR 50% T/T and 70% OR 50% L/C OR D.P. When and what payment terms: IF YOU ARE DEALING WITH SUPPLIER FOR THE FIRST TIME Definetly you would like to use secure payment terms so it is L/C , BEST IS APPOINT AN INSPECTION AGENCY , yes appoint inspection agency they will inspect goods on your behalf (factory inspection , online inspection , transit inspection , on board inspection ) you may choose one or all on the basis of your prority , FACTORY INSPECTION is enough in most of the cases , so the goods will be inspected and then you will get the goods at your port and then bank will release your payment to the supplier , THIS IS THE BEST POSSILBE WAY TO START WITH A GENUIEN GOOD SUPPLIER. (some times if the value is less say less then 100000 usd L/C is not suggested and T.T. IF SUPPLIER REQUEST FOR NOT TO USE L/C and payment for T.T. you need to study more on this , check supplier further details like again you may appoint an agency make a study on supplier for you and take some dollars against this (obviously) like DNB , if you find satisfactory report negotiate for 30% T.T.(T.T. ITSELF IS AN ADVANCE) AND 70% D.P. (Document against Payment) this means after receiving 30% payment supplier will start production and send the goods (Fax Copy of the B/L will send and then you need to send rest 70%) you may also arrange inspection as already told . so do as per your requirments and as per your suitations. This is the study i have learned in the alibaba forum , so i am very happy that after experincing from here i am shareing my experince here again after qualifying , soon i will be an paid member , I learn and earn , thanks to alibaba and members of the forum. bob and other new buyers and members best of luck to all.