Account Terms, Credit Application Form: Fill & Download for Free

Pricing - What pricing are you willing to goIt’s standard to sell wholesale items at 2.5X your manufacturing costs. This wholesale price is usually about half of what the end customer pays, as it’s generally a safe assumption that the retailer will mark up their cost by 2X when pricing your product for customers.It’s also common to offer a “suggested retail price,” so you can be sure you’re offering a price that makes sense for you, the retailer and the customer.2. Setting up Minimum Order Value for RetailersYou should always define the minimum order value for your retailers. My suggestion would be to keep it in between $300 to $600. Of course, depending on the individual products you have to keep the minimum order value number.For example:For first time customers of Laurence the minimum order value is $600. New customers will be placed on Proforma until such time that total orders invoiced is over $3000. Once customers have reached the $3000 expenditure they will be placed automatically on 30 day net account providing they have completed a credit application form and have been approved by Laurence.3. Create wholesalers terms and conditions agreement for retailers.Here’s a quick guide on how to create one. Wholesale Terms and Conditions Template - Download Editable Document4. How to get Retailers.This is the toughest part while you are going for wholesale.A. Reaching out to retailers in person - find the retailers who sell similar goods and reach out to them in person, or phone call or via email.B. Explore B2B marketplaces: Internet is expanding rapidly and many retailers are ordering products online via b2b marketplaces.Sign up for the trending marketplaces and show case your products.Some good b2b marketplaces would beIndia mart - http://indiamart.comAlibaba - Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.comTrade India - Indian Exporters, Manufacturers, Suppliers Directory, B2B Business DirectoryOnline B2B Marketplace - TradeFord.comFew links which can be handy to youBest B2B Marketplaces in India That Can Help You Grow Your BusinessBest B2B Marketplaces in China | China B2B MarketplaceC. Have your own B2B eCommerce platform: Where retailers can come and sign up with you guys.5. Competitor ResearchYou got to find what other competitors are doing.Knowing your enemy is important in any war, and the same goes for a business environment.A trading and distribution company is not a unique one by any definition of the term. You WILL have competition, and good companies acknowledge that and learn to thrive in such an environment.Here are some things you can do (ethically) to understand your opponent:A. Google AlertsB. Buying and Sampling their ProductsC. Find your Niche6. Stay up to dated with industry trends by subscribing few good news letters etcGood articles for reference:How to Start A Distribution Business 101 for Millennials (in 2017)Wholesale Business - How to Sell Wholesale to RetailersA guide to successfully selling your products wholesale to retailers

Keep a watch on this name.KOTAK BankThe latest scam by these kind of banks is what I am gonna share.It all started with this ad which I encountered online. Can you see up there their first feature?Upto 6% interest per annum on their Kotak 811 account.That's basically a lie. You can only get 6% interest if you have a balance of INR 100001 or more. And guess what? Maximum limit of Kotak 811 is INR 100000 only.I came to know about this after opening an account with Kotak 811. Then I decided to go ahead and become a Savings Account holder. A guy from Chennai Velachery Kotak branch approached me to explain about different options they have. Let's call him Employee1. I was convinced with the features available for Pro Savings Account and applied for it.The above pamphlet was shared to me by Employee 1. He also called me back after a couple of days to give me another so called irresistible offer.The offer was that, I don't need to maintain an AMB(Average Monthly Balance) of 20K if I have a demat account from Kotak. And INR 750 is all I have to pay once in a life time to have a demat account. At first, I would be debited an amount of INR 20750 and INR 20K would be returned back to me soon after completion of demat account opening. No other annual or monthly maintenance charges at all. I had doubts on these charges and asked him again a couple of times. He had promised me about the charges and told that these are final. I agreed upon it and told him to proceed further.Another person from Kotak came for demat account processing and let's call him Employee2. He came to me, got me signed in an application form and left. It took him more than 3 weeks to create a demat account where as my friend at the same time opened an ICICI direct demat account in 3 straight days sitting right next to me at my office. I still thought that it was worth the wait since I was going to get a better offer in terms of brokerages and other charges.This is the screenshot of my account transactions. This is where, it all started. I was debited INR 20,750 and credited INR 18,919.76. I immediately got a call from Employee2 and was told that an amount of INR 65 willl be debited from my account every month for AMC(Account Maintenance Charges). I was taken aback because this was never shared to me earlier. And I was also not explained about why I did not get my assured INR 20K back. I called Employee1 and asked him about what was happening. He again promised me that there are no charges for my account and told me that he would talk to Employee2.The next day, I was again called by Emoloyee2 to know if I am going to use my demat account. I asked him first for my update. He told me that Employee1 has clearly told me about all the charges that are going to be debited already and gave the mobile to Employee1. He told that he had clearly told all the charges from day 1. I asked him about the last conversation we had and he still lied that he told about the charges in that call too. Employee1 also told me that these AMC charges were implemented during the 3 week demat processing period that I was waiting for.I was pissed at all these conversations and got their manager number and called him to explain all that I have faced till then. I was assured that it would be taken care and I would be contacted in a day. Nobody as such called me for a week and I called the manager again for the update. His answer was not satisfying and he was supporting his employees.I immediately sent an email to Kotak escalations about the incident and I am yet to receive any money from the bank. While suffering through all these drama, there was another shocker on the way. I was debited another INR 885.00 for Debit card Annual Fee after 3 months of use. I then went online to check their charges and also contacted their customer care.What I have is a platinum debit card and it has no annual fee for the first year and there onwards, it's only INR 250 per annum. But I'm debited INR 885.If I had even kept my money in any other account I would have at least saved an amount of 1830.24 (demat charges) + 885 (Debit Card Annual Fee) = INR 2715.24.It's not just about this money that we lose. It's more about how the banks that try to showcase some Fancy Ads like 6% interest on the savings account and at the other side loot our money without our knowledge and also their useless agents who just to get more customers can lie whatever that come to their mouth.I have decided to close all my accounts from Kotak. I will tell about this Kotak scam to all my friends and people known to me and make sure that they are all aware of it. Kotak lost a new customer even before he started banking.Update 1: I had made a long argument with the Kotak bank staff and higher officials and closed the Demat account associated with my Savings Account and was able to retrieve only an amount of INR 919.76 which lied inside the account with the name of brokerage charge balance. This has currently reduced my loss to INR 1795.48.Update 2: I have also raised a request to get back the wrongly debited Debit card annual fee of INR 885 for which, I was told on 5th March that, I can only be given INR 750 because, the remaining 135 was given to the government in the name of GST it seems. I argued again telling that I am not responsible for that tax part because, it was not paid with my consent and asked for a complete reversal of INR 885 for which, they seem to have created another request which may take another 5 to 7 working days. I will write back when I get another update.Update 3: I had to talk to 3 different online customer care representatives from Kotak customer care to get the same repetitive answer that, the deduction was not legitimate and that I would get the amount reversed to my account. But, they were not sure when. During my call with the third representative, I wanted an official mail from her to progress through the raised ticket. Through that mail, I also found a way and connected to her manager and explained him all the proceeds I had till then. With a way too long struggle, I finally received the complete cash reversal of INR 885 on March 14. Now, my total loss is INR 910.48.

HelloThe Process of Studying Abroad explained by AdmitKardIf you are looking for an easy way to study abroad, there is none, because going to Study in a different country has never been.But the Process of Studying Abroad can be made easier to help the student reduce the stress that comes with it.First, let’s Look at the Common Procedure to Study abroad:Why study abroad? -No two applicants have the same reason(s) for studying abroad. For one it could be as simple as not getting into the right college/university in India and for the other, it can be because there are not very many job opportunities in his/her field of study and for many, an easy way of a secured future.Whatever your reason for deciding to study abroad you will find that higher education abroad adds considerable value to your professional development. A good degree is a stamp of excellence that marks you for life. It can enhance your career and prepare you for leadership in your country or anywhere in the world. It can broaden your horizons and expose you to a variety of perspectives, the latest technology, and state-of-the-art research and training. You can make contacts with colleagues abroad which may lead to collaborations with leading international researchers after you return to your home country. With the large number and variety of colleges and universities outside India, you are certain to find one that matches your needs and interests, no matter what your criteria.2. Application Process:The application process for studying abroad is time-consuming and requires applicants to start preparing well in advance of their anticipated start date. It is very important to begin the admission process early because in many cases application deadlines are far in advance of the start of the semester (sometimes as many as ten months). You also need to allow time for scheduling any standardized tests needed for admission and then having the results of these tests sent to schools. There is no uniform worldwide application system. Each college or university establishes its own unique policies.The 6 basic steps for applying abroad are:Identifying country, universities and the course of your interestRequest universities for Application formsTaking various required testsArranging and preparing Essays and recommendation lettersCompleting and Sending Application forms along with required documentsReporting various test scores to the universities3. Selecting Universities:Selecting universities is a very time consuming and important process not only from the admission point of view but also because applying to universities is very expensive by Indian standards. Hence it has to be restricted to around 6 or 8 universities which are best matched for your requirements.The best university for you may not be the famous ones, but those that offer you your field of study as well as meet the other criteria important to you. The range of academic options as well as available universities is so wide that it is not possible to select the best in one go and it may take some time.4. Requesting application forms:This is the first stage of your application process. At this stage, you can write to the selected 25-30 universities. You can directly request application materials from the universities.There are two ways to get application forms:Requesting Application Forms via email: You can request application forms from the university website. Most universities have a form on their website which can be completed online to request application material.Downloading from the university website: Many universities have a downloadable and ready to print versions of their application forms on the net. These can be used for applying just as regular forms.5. Application Requirements:Once you start receiving application forms and material, go through the material in detail and check the application deadline, minimum scores required in the standardized tests, recommendation letters needed and other such information.Tabulate all these requirements and compare them with your objectives and group the universities under three categories :Schools that seem to match your requirementsSchools that are not suited to your needsSchools that do not completely fit in any of the above two categoriesEliminate schools in Group 2 and check out in detail again the universities in Group 3. You can try and focus on departments that you would most like to attend and the school rankings in that field. And any special facilities that the school may offer you in that field. Try and make a list of schools on the basis of fresh and more specific criteria like :Objectives of the program and kind of methodology as well as approachAdmission / Entrance requirementsAvailability of assistantships and funds in the field of your choiceResearch facilitiesLocation Profile of students enrolledNarrow down your list to about 6-8 universities to whom you intend to apply.6. Recommendation Letters:A letter of reference or recommendation letter plays a very important role in the admission process, especially for Masters and Doctoral courses. A recommendation letter is a signed statement from a person who knows you well professionally or has taught you in a subject that is related to the course you are applying to. It should list your positive and negative qualities, strengths and weaknesses, your character and integrity and other such information.The author or teacher must indicate his position, how long he/she has known the applicant and in what capacity. He/she should briefly discuss the need, importance and usefulness of the study the applicant propose to undertake. Authors are usually asked to rank applicants in their letters of recommendation, which helps admission officers to interpret the academic credentials of foreign students. Students should obtain letters of recommendation (often on the prescribed forms sent by the institutions) from teachers who know them as a person as well as a student. You may like to request your author to give concrete examples that may show your qualities and help your case.7. School Records/Academic TranscriptsThe transcripts of your academic record are absolutely essential to the evaluation of your academic abilities. Your official transcript or academic record is the objective part of your application. Academic records greatly vary from one education system to the other. Systems of evaluation or grading and the formats used to present this information also differ widely.Undergraduate: Students who are applying for a Bachelor program or any other undergraduate course would be required to submit a secondary school report and transcripts (report cards) of the final exams. The report form should be filled out by a school official like the principal, counselor or headmaster. This form should introduce you in the context of your whole school experience in relation to the other students in your class. Admission committees will be interested in learning how you have performed in your own educational system. The school report should talk about your accomplishments and provide a statement of your chances for success in university-level studies.Since there is a variation between the styles of scoring used abroad and the ones used in India, ask your school to include a guide to the grading standards used in your educational system and your school. If your school ranks students by their level of academic achievement, make certain that the ranking is included with the other details. Also, send the school / junior college leaving certificate as and when it is available.Graduate: Students applying for Graduate courses (MBA, MS, etc) are required to submit an official transcript from each college or university that they have attended after secondary school with complete details of the subjects, credits involved and other details like correspondence courses, diplomas, etc. Most universities ask for the transcript to be sealed in an envelope and signed and attested across the seal by the registrar. This procedure is to be done for each and every college that you have attended. Some universities may ask for more than one transcripts but most require only one.8. Essays/Statement of purpose:The personal essays, and/or statement of purpose, also play a very important role in the process of evaluating your application for both admissions as well as financial aid because it gives the faculty assessing your application their most significant impression of you as an individual.9. Admission Stage:Universities usually inform students of their admission decisions well in advance of the beginning term. If you have received admission to more than one university, you will have to decide which one you want to attend. At this stage, you should compare a few objective and mostly more subjective criteria. The points you should focus on :Objective CriteriaBest program curriculum, length of the program, choice of coursesBest funding offer or best program with respect to costsCost of livingStrength of related departments/programSubjective CriteriaOverall reputation of university/department/programLocation-region, the safety of the neighborhoodClimateSocial lifeFacilities availableAccommodation & housingBasically the decision factors at this stage would be mainly three points :Best programBest funding offerBest for your personal goals and needsIt is essential to do a lot of research on the universities and their offerings. Colleges and universities offer varied educational packages. You will have to find out which of these are likely to meet your goals by spending time in the reference library. The more time and effort you put in and the better you utilize your researching skills, the greater are your chances of achieving your goals.With the Help of Admitkard, you can Connect to Students already studying abroad which really helps in the procedure. You can even download their Application to boost the process.You can make an account with them and apply to universities through their Website.Would definitely recommend it.Thank You.I hope it helps.