Texas Ranger badge.
The ultimate form of financial security is to serve in a way you love through your own business.
Improved technology continually makes this easier but increased ability to serve is often hindered by red tape.
Almost everyone has heard of the Texas Rangers. They are the oldest law enforcement body on the North American Continent and have helped bring in many famous criminals like John Wesley Hardin and Bonnie and Clyde.
We were really tickled to hear from a delegate of the Ecuador Export tours that he had sold hundreds of embossed Ecuador leather backpacks to the Texas Rangers and that was just the first order. However it turned out that there was one thing that even these famous lawmen could not overcome…. red tape.
Almost no one has heard of the 106 rules the current administration has passed in the last three years that collectively will cost taxpayers more than $46 billion annually in compliance and lost productivity.
As you’ll see below the process of shifting from a small to medium or large Ecuador exporter requires a lot and growing amount of red tape… so much so that it overwhelms even the large Ecuador rose farms.
However there are two rays of sunshine that can help with this problem. The first is the The Red Tape Reduction and Small Business Act (H.R. 4078).
The website of the Oversight and Government Reform Committee wrote a report that says: July 26, 21012 the House Passed the “Red Tape Reduction and Small Business Job Creation Act”. Measure freezes new job-killing regulations and streamlines rulemaking process.
(WASHINGTON)—The House of Representatives today passed a comprehensive regulatory reform bill to cut red tape and make the federal rulemaking process more friendly to job creators. The measure included several provisions previously passed by the House Committee on Oversight and Government Reform.
“The Obama Administration has issued some 106 rules in its first three years that collectively will cost taxpayers more than $46 billion annually in compliance and lost productivity. This is four times the number of major regulations and five times the cost of rules issued in the prior administration’s first three years,” Oversight and Government Reform Committee Chairman Issa said.
“In more than 30 hearings, examinations and public forums, our Committee has heard loud and clear from job creators across the country who tell us that red tape imposed by the federal government chokes economic expansion and hurts job creation. Nonpartisan research surveys report that the American public feels the same way—with an overwhelming majority saying federal regulations are a major reason why the economy is struggling. This bill helps unwind much of this unnecessary red tape and frees entrepreneurs and business owners to do what they do best: create jobs and opportunity,” Issa added.
See a link below to The Red Tape Reduction and Small Business Act (H.R. 4078).
This is why we are pleased to introduce the second bit of good small business news, a new benefit form our Ecuador Club readers and delegates on the Ecuador export tours.
First, let’s look at the red tape to export from Ecuador to the USA.
#1: A US company.
#2: A continuous bond, which has to be purchased each year to be eligible to register to import with the US Customs.
#3: A broker who has a power of attorney authorizing them to handle your imports.
#4: A US bank account to pay US customs department when taxes and duties are due.
Plus if you are selling direct to customers and accepting credit cards, you need:
#1: A verifiable credit history and Social Security number.
#2: A gateway company to process the charges.
#3: A credit card merchant account.
#4: A certified, secure shopping cart.
#5: An annual PCI compliance review and certification
#6: An EIN number provided by the IRS
#7: A sales number issued by the state of Florida.
#8: A Physical US address (PO box not allowed).
#9: Monthly accounting system.
#10: IRS annual sales report.
This along with the 106 new regulations adds so much expense and bother that even the large rose plantations in Ecuador cannot keep up.
Fortunately there is a solution and a special benefit for you.
Our import logistic provider sent me this note: Gary, A great new system has developed in Ecuador so that Flower Shops can now order direct from the rose plantations.
The way things have worked is that flower shops received their flowers from a local vendor, who got them from a distributor who got them from an importer, who dealt with a farm.
Or the flower shop purchased them from someone like me who buys them from a farm and ships them by FedEx.
This has expanded our business because in order to sell and import direct into the USA there is an endless list of things to do. (They are described above).
We provide all these services for importers into the USA.
The farms can sell to the flower shops but have no way of charging them nor of getting the flowers through customs. Our company does everything for them as their logistics provider.
We charge the buyers credit cards, do the FedEx labels, send the tracking number, deal with customs, pay duties when rehired, use our bond and broker coordinate and pay the rose plantation.
The plantations find that complying with all these requirements is too expensive we do the entire logistic service.
The farm only has to grow, harvest and sell the roses. Our logistics service takes care of everything else.
Every farm I have talked to has signed with me.
I am happy to now provide an even more special exclusive service to your Ecuador Living Club members and export tour delegates.
I can provide our logistics service for Ecuador exports beyond roses.
There are two more very special benefits.
First, our logistics service can pay manufactures in Ecuador.
Second, our service can monitor production and quality and assure timely delivery.
I have met many of your export tour delegates who have found really greet products that they sell really well. However once they return to the US they can’t restock unless they return to Ecuador.
If they do reorder but are not present for delivery, they are at the mercy of the manufacturer… which creates a huge quality control problem. These importers get whatever suppliers here send them.
Many don’t even try to reorder. They don’t know how. They don’t want to wire money without seeing the product and being are of delivery.
Many others just have no idea or find that the income is not worth the time, effort and cost of all the red tape.
The good news is that I do not get in-between the importer and buyer either. I set a price for my service and the importer knows his product cost.
Our service is provided for a set fee so the importer knows all costs and can price his product accordingly.
This is a great service that provides every detail for importing products into the USA. We have used this logistics service ourselves for years. One big benefit is that the service can send each product direct to the buyer in the USA. We sell Ecuador roses… charge the customer and deliver the order to our logistics service. Everything else is handled by the service. The tracking notice and the roses are delivered direct to the buyer. The logistics service then charges our credit card and pays the supplier… so no money has to be wired to Ecuador.
The Ecuadorshop Logistics service makes large and medium scale Ecuador exporting possible. Our Ecuador Living Club and the Ecuador export tours make this service possible from smaller businesses. As you can imagine a service of this nature requires substantial set up and personal attention. Normally this would be available only to larger businesses such as rose plantations. Due to the size of our readership… the size limitation for acceptance has been removed. This is an exclusive service available to our Ecuador Living Club members and to the delegates who attend Ecuador real estate tours conducted by Jean Marie Butterlin.
Turning your passion into profit with your own business makes sense in these technological times… if you can outrun growth in red tape. The Ecuadorshop logistic service can help stop red tape from putting your business in the red.
Learn about creating an online export business at our Super Thinking + International Investing and Business Seminar this October 5-6-7.