FATTEN YOUR ONLINE PROFITS WITH DROP SHIPPING...

Written by Thom Reece


<© Copyright 2003-05 Thom Reece All rights reserved.

Drop shipping, for those who are unfamiliar with it, is a system whereby you promoterepparttar products of a particular manufacturer, take orders directly, andrepparttar 136741 manufacturer/source handles allrepparttar 136742 inventory and fulfillment functions for you.

In a nutshell, here isrepparttar 136743 drop-ship system:

  • You generate and acceptrepparttar 136744 order.

  • You take your profits out ofrepparttar 136745 sale price.

  • You forwardrepparttar 136746 order andrepparttar 136747 wholesale cost torepparttar 136748 drop shipper.

  • The source factory ships directly to your customer.

The benefits of this arrangement are probably obvious:

  • No inventory cost to you.

  • Substantially higher profits to you over what most regular affiliate programs allow.

  • The ability to quickly set-up inexpensive, highly targeted, niche or mini-sites to test and promote diverse products.
This process has been around for years and has been responsible for many highly successful mail order dealer relationships inrepparttar 136749 past. Many ofrepparttar 136750 top catalogers and other direct response marketers, have been using this system to increase profits for decades. If you have ever ordered a high priced item from a mail order catalog and been told thatrepparttar 136751 product was being shipped fromrepparttar 136752 factory... then you have experienced drop shipping first hand.

Drop shipping is, I believe, a virgin un-tapped storehouse of profits for todays internet marketer.

On-line directories exist which reveal essential contact information for drop shippers of over 2,000,000 products and 4,000 brands. Most legitimate drop ship sources will require that you have a state tax reseller number in order to approve you to sell their products and give yourepparttar 136753 wholesale pricing you are looking for.

Beware of any drop ship source which requires you to pay a fee in order to become a drop-ship dealer... or requires a membership. These are generally organizations which make their money selling "drop ship licenses"... and are, forrepparttar 136754 most part, scams. Legitimate drop shippers and factory sources never charge you any fees other thanrepparttar 136755 actual shipping costs ofrepparttar 136756 products you sell.

Another caveat... always make sure that you have a written agreement withrepparttar 136757 source factory that you ownrepparttar 136758 customer! The factory or drop ship source should agree in writing not to solicit your customers in any form. This is very important to you. Your customer list is one of your most important assets. Ifrepparttar 136759 factory you are dealing with balks at this request... use another source who will agree.

Almost every conceivable type of product is available from a drop shipper willing to ship products in single units under your companies name. Pick your interest area... electronics, consumer products, agricultural & industrial products, office equipment & supplies, hobby gear, recreational / sporting goods, clothing, furniture, etc. The list of available products from drop shippers is almost endless.

Sarbanes-Oxley: Old Dog, New Teeth

Written by Gerald Czarnecki


The failures we have seen inrepparttar quality and integrity of financial reporting in corporate America are clear evidence that something was awry. It isrepparttar 136740 responsibility of corporate boards, managements, public accounting firms and regulatory agencies to put confidence back intorepparttar 136741 financial statements issued by our society’s most significant entities. Although some would argue that Sarbanes Oxley went too far, it is also now evident that government action andrepparttar 136742 use of enforcement muscle was required, if for no other reason than to move toward rebuilding public trust. There is no doubt that Sarbanes Oxley, and in particular, Section 404, has increasedrepparttar 136743 expense of doing business for public corporations; however, this is neither a new mandate, nor a superfluous one. All parties engaged in this process have previously ignoredrepparttar 136744 mandate, and must now accept reality, and get pastrepparttar 136745 complaining.

A little history…back in 1977,repparttar 136746 Congress ofrepparttar 136747 United States passed a piece of legislation commonly known asrepparttar 136748 Foreign Corrupt Practices Act (FCPA). That law is well know for mandatingrepparttar 136749 American corporations regulated by Securities Exchange Commission (SEC) be prohibited from making any type of corrupt payments to agents of governments or corporations in foreign countries. The civil and criminal penalties were quite onerous, and most corporations changed their practices in order to avoid those penalties.

The action taken byrepparttar 136750 FCPA in 1977 was often characterized asrepparttar 136751 most extensive application of federal law torepparttar 136752 regulation of business sincerepparttar 136753 passage ofrepparttar 136754 1933 and 1934 securities acts. In light of reports that American corporations were “greasing” government officials in a number of countries, Congress had acted decisively in order to restorerepparttar 136755 reputation of American business and eliminate improper payments to foreign governments, politicians and political parties. A seldom-remembered aspect of that legislation was thatrepparttar 136756 same corporations were mandated to “devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that…transactions are recorded as necessary to…permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and…to maintain accountability for assets” This requirement got a great deal of press whenrepparttar 136757 law was first passed, and many articles were written on howrepparttar 136758 new law would transformrepparttar 136759 way corporations managed andrepparttar 136760 wayrepparttar 136761 public accounting firms audited. This was true for a short time, butrepparttar 136762 business world slipped back into its previous lack of concern for controls, andrepparttar 136763 public accounting firms conveniently allowed that slippage. Pressure for firms to maintain cost-effective (generally meaning lean) operations and pressure from firms to keep down auditing fees, causedrepparttar 136764 corporations andrepparttar 136765 audit firms to be at best, permissive in regards to compliance withrepparttar 136766 FCPA mandate. In effect,repparttar 136767 act had no teeth. All ofrepparttar 136768 sanctions imposed were focused on punishing illegal payments, not for a failure to comply withrepparttar 136769 internal controls mandate. For 25 years, Congress,repparttar 136770 SEC, public companies and public accounting firms essentially ignored a mandate in large measure because there was little or no enforcement action for a failure to comply. The academic leaders inrepparttar 136771 accounting profession have know for some time that there was a need to strengthenrepparttar 136772 systems of internal controls. In 1985,repparttar 136773 Treadway Commission was asked to identify what caused fraudulent financial reporting and to make recommendations to reduce its incidence. The Commission's report included specific recommendations for management and boards of directors of public companies,repparttar 136774 public accounting profession,repparttar 136775 SEC and other regulatory and law enforcement bodies, and academics. The Commission made a number of recommendations that directly addressed internal control. Importantly,repparttar 136776 commission focused onrepparttar 136777 control environment, codes of conduct, competent and involved audit committees and an active and objective internal audit function. It also called forrepparttar 136778 sponsoring organizations to work together to create a framework for establishing and evaluating systems of internal controls. The result wasrepparttar 136779 creation ofrepparttar 136780 Committee of Sponsoring Organanizations ofrepparttar 136781 Treadway Commission (COSO), which issued a report that outlinedrepparttar 136782 principles for an effective system of internal controls.

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