Friday, March 21, 2014

ExImGenius.com

Doing some research I came across an outfit that seems to be giving away what panjiva.com, importgenius.com, PIERS.com, and zepol.com are selling.  Now keep in mind the raw data all of these copanies use costs only $25,200 per year, and they slice and dice it to turn it into millions in revenue.

So what an Indian company seems to be doing is giving the info away, but working on a ad-revenue model.  Not sure how long they have been around, but their home page needs tidying up...

Get a mamoth data base of business links
Meet the genius of the export business. Lorem ipsum. dolor to dadNow. It is the main option for all the Meet the genius of the export business. Lorem ipsum. dolor to dadNow. It is the main option for all the
Ahem. " for all the ..."  What? That's it.  But you can look up importers (and exporters) by commodity, say here an asparagus importer in Florida...

http://www.importersinusa.com/company/ayco-farms-inc/144100.php

But what is interesting is this entry adds the temp and vent specs for a shipment...
Product Description :-Fresh Asparagus Hts 0709200000 Temperature: 1 C Ventilation: Closed Humidity: Off Controlled Atmosphere Freight Prepaid
I believe that is on the bill of lading too, and in any event it is valuable info for a start-up.  But marginally valuable since your Freight Forwarder already knows all this info, so these reports are best for finding names of freight forwarders, not buyers or sellers.

Start-ups are in the business of discovering new business...  this is where we go to find a direction to look...  to use panjiva or importgenius to find business to cannibalize and in essence lower prices is fine, but that is big biz work, not small biz or start-up work...

The key thing is to develop your own trade data, so you have a report that no one else on earth has...  the gold medal in olympics is won by 2/10ths of a second...  a small advantage puts you on top...

The data you have that no one else on earth has is news...  when approaching both suppliers and buyers, you argue they should be getting into this, see, it is growing (which they may know) and these prices (which they may also know) but for sure they do not have the trend data you show...  thus you have paid some dues, and may be able to do some small starting work for them...

I teach all of this in my classes, how to save time and money going straight at the customers with what they should buy and why.  The feedback on the classes is high, so the schools keep inviting me back.  


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