The grey market refers to the flow of goods through distribution channels other than those authorised or intended by the manufacturer or producer. There is also a more specific term used for the same practice, namely parallel imports. Parallel imports are goods that are imported through non-official channels from low to high price countries - a completely legal transaction.
For example, one might be able to source a pair of legitimate Nike shoes in Malaysia for half the price than one could do so in South Africa. Local entrepreneurs spotting such an opportunity could then import this merchandise and sell it for a profit in the local market, thus undercutting local retailers - a practice that is perfectly legal in South Africa. Many small - and not so small - sellers on use this method of parallel importing to source goods at competitive prices and then make a profit by selling them on our site.
Grey product are most often to be found in the consumer electronics category. The biggest problem the buyers of such products face is the warranty. Often, the "grey" importer is not able to provide the post-sales service. The local distributors (if there are any) will, naturally, refuse to service items not acquired through them. This is where the buyer needs to make a decision balancing out the cost savings with the potential risk, should something go wrong with the item and they are not able to receive the necessary support for the item locally.
Due to the nature of grey market economics, it is generally difficult or even impossible to track and verify the precise numbers of grey market sales. The manufacturers would, of course, prefer to have control over distribution channels. That is to be expected, because grey imports can damage their reputation in a round-about way: through no fault of the manufacturer, the name of the brand and the lack of post sale support may connect in the mind of a consumer who acquired the product in question through grey channels. Besides, manufacturers also need to protect their authorised dealers. However, some people think that parallel imports are simply a part of globalisation. After all, if a grey importer can offer the same product at a more competitive price (either with a similar level of support or at a price low enough to justifying a lower support level), then that is simply part of operating in a free market and being part of the global economy. After all, with access to the Internet nothing is hindering South African consumers from accessing a web site in Malaysia and making a purchase directly from a Malaysian vendor.
However, importers and sellers should take the responsibility to inform consumers of the level of support that they are likely to receive when purchasing a product through the grey marketing channel. This way one eliminates any confusion regarding the product and consequent support structure and contributes to a more satisfied sale process.
Stock Market Free Software
Well heck, your mamma probably told you the same thing! So, are you listening? Because, if mamma knew that you were paying for your advertising and marketing she would probably say, “fool, stupid is, as stupid does!” Then, maybe even slap you upside the back of your head! lol
If your mamma finds out about bum marketing which is the use of low cost and no cost (free) advertising and marketing methods and you are not doing it, she'll probably kick your butt!
So, I am going to be a good guy and tell you a little bit about it. Bum Marketing is part science and part art. It can be easily learn and specifically, it is a methodology that seeks out the mastering any and all verifiable, proven low-cost to no-cost (free) marketing strategies and techniques that generate website traffic and generate ongoing cash flow systems for your online business.
Truth Be Told! If you faithfully utilize bum marketing tactics it will put you into position to drive massive amounts of website traffic, skyrocket your website upward in the Google search engine, control and dominate the market of your interest with your targeted keywords.
Your mamma and my mamma probably would agree that if you and I could market for free or almost free that would show that we have good brains in our heads. It would probably make our mammas feel al warm and fuzzy, because they know that we would have more money leftover to buy our mammas some really nice stuff, like a condo in the Fiji Islands! (or some place closer, but you get my point.)
If you are attempting to increase the visibility of your web business or looking for an online business of some kind to get started with then marketing is absolutely critical to your overall success. If you agree with that, you probably would also agree that if you could market for free or darn close to it and it is proven to be highly effective that would be all that much better for your bank account! (if you have any doubt ask your mamma!)
Your best way to get on board with learning how to become a bum marketer is to find a company that teaches it from an educational perspective. The format that I personally learned from was comprehensive and systematic, so that I could break it down in easy baby steps. That was good for me as a mamma's little boy.
Next, you want to find a company that has some kind of review and analysis of what in the heck you are doing with your website and your market for free type of strategies. It is sort of like having someone like mamma, who can look over your shoulder and let you know that you are on track or let's you know what you should probably adjust to improve on what you are doing.
Okay, that's about it!
Oh yeah, one more thing, what is really cool about all of this education that you will be getting in this kind of marketing, is that your mamma is going think that you just one smart cookie, because you are going to expand your education and knowledge base.
So, let's make mamma proud, learn how to market for free with bum marketing by becoming a bum marketer!
Both Bobby Buys & Jeff Gadley are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Bobby Buys has sinced written about articles on various topics from Audio Books, Internet Marketing and Health. is South Africa's largest online marketplace. Established in 1999, the company has created a safe and convenient way for people to buy and sell goods online. Bu. Bobby Buys's top article generates over 9900 views. to your Favourites.
Jeff Gadley has sinced written about articles on various topics from Forex Guide, Forex Training and Forex Training. Jeff Gadley is a successful online internet marketer who regularly writes helpful articles for those who want or need effective low cost and no cost (free) marketing strategies. Do you want to make your mamma proud?. Jeff Gadley's top article generates over 6600 views. to your Favourites.
Best Yoga Teacher Training What separates the top ten percent of any field, from the rest, is the inspiration and motivation, which burns like a fire from within.