The Counter Trader buys $200,000 worth of American microchips and trades them in Singapore for $275,000 in computers. He ships computers to Senegal as Senegal buyer surface ships textiles to France (no import duty on Senegal exports to France) and from La Harve, textiles are surface shipped to Portsmouth. The London textile buyer air ships scotch to Cape Town as South African liquor buyer air ships uncut diamonds to Toronto. The Canadian gem dealer distributes stones to his American retail buyers. The Counter Trader starts with a $200,000 purchase. In Singapore, he's paid $275,000 in computers. In Senegal, he collects $352,000 in textiles. In England, he gets $450,000 in Scotch. In South Africa, he acquires $576,000 in uncut gems. In Canada, he is paid $738,000 for uncut diamonds in cash. His pretax profit is $243,000. Since Canada has a double taxation treaty with Barbados, he pays Barbados 8% income tax on his profit. Our Counter Trader's after-tax profit is about $224,000. He or she can repeat this series of barter trades four times each year. The Counter Trader's annual after tax income will be nearly a million dollars.

Conclusion

Counter Trades are potentially ten times more profitable than traditional export model. However, it takes ten times more effort to setup a series of successful barter trades. If you have initial contact for an export business consider operating a Counter Trade business rather than an export business. If you are seeking advice or a partner for a Counter Trade business, contact me at: Beowulftrading@Earthlink.net

CRM Vendors

Not surprisingly, in order to successfully collect data, manage call centers, analyze data, and make changes, businesses need CRM software. There are many CRM vendors in world. The most widely-recognized vendors are Siebel, Salesforce.com, and Microsoft. Each of these vendors has contributed to CRM in its own way.

CRM Applications

There are many different types of CRM applications. Some CRM applications are Web-based so they can be accessed via a browser. Other CRM applications have programs built in for integrating data entries and data management across several applications. CRM vendors also have specific strategies that are unique to every client. The goal of a CRM vendor is to not only upgrade a company with latest CRM technology, but also to design companies infrastructure in such a way that customer/company relationship can flourish.

Conclusion

Knowing customer is key to a successful business. Customer Relationship Management is process through which a business analyzes their customers and makes changes accordingly. CRM vendors provide applications and advice on best CRM methods. Most observers believe that CRM practices will continue to flourish as new CRM strategies and technologies are developed. For any business, a successful CRM approach is a must-have.