'Egyptian cotton popped in my head immediately, because everyone knows how durable it is, how soft, and how it is worth every dollar people pay.'
In Pictures: Five Ways To Make Money Off Your Homeland
Last year, Amer launched Meditlantic Importers in Myrtle Beach, S.C. Amer brings in Egyptian cotton mattresses and sells them to high-end hotels in the resort area. So far, she has landed contracts with two hotels to supply some 240 mattresses at an average of $750 apiece. She hopes to add more hotel clients--and eventually turn a profit--by the end of next year.
Amer began by researching Egyptian mattress manufactures and hit upon Master Bed, a Lebanese company with a factory based in Egypt. She raised some scratch from family members to buy a few mattresses, not knowing if she would be able to unload them. Luckily, she convinced some hotel managers to take a few off her hands, raising enough cash to fund her next order.
To manage inventory (the key to importing), Amer's sales contracts stipulate that hotels must take the entire order; that way, Amer doesn't get stuck with a stack of unwanted mattress. Amer demands half the cash up front, which she uses to buy more mattresses, and the other half upon delivery; she also agrees to eat the cost of all damages during transit. On the supply side, Amer pays Master Bed half the order when she places it, and the other half after it clears customs in the U.S
Source link: http://www.forbes.com/entrepreneurs/2007/11/28/import-export-travel-ent-manage-cx_ll_1128homeland.html
Three people have escaped a house fire in Oakleigh in South-East Melbourne early this morning, after a mattress caught fire.
A resident of the Oakleigh house lit a candle during a power outage last night, he fell asleep and the candle fell on his bed.
He was woken by the heat and dragged the mattress outside, sustaining burns to his hands
Source link: http://www.abc.net.au/news/stories/2007/11/29/2104654.htm?site=victoria
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