Wednesday, September 23, 2009

This Week in SmallBiz

I write about the pros and cons of drop-shipping this week in my Smart Answers column.

Turns out that manufacturers who want to succeed have to master this technique, which involves taking orders from retailers and shipping product directly to customers.

The alternative is outsourcing the "picking, packing and shipping" to an order fulfillment company, many of which also do specialized invoices and labeling to reflect the retailer's brand.

I also wrote recently about a seminar coming up at the end of this month. It aims to connect U.S. business owners and investors with entrepreneurs and customers on the African continent. Doing business in Africa is not easy, says the expert I interviewed, but many countries are developing rapidly and represent a wide open marketplace for goods and services.

There's also good information in The Turnaround Ace column this time, which contains a rather shocking anecdote you won't want to miss.

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