Importing product from other countries is fast becoming a lucrative job everyone is now considering. If you have also been considering this but don’t know where to start, here are some tips to help you get started. It is designed to help make make the process of importing goods less stressful for you.
#1: Try to have samples of the product
Always remember that, even if samples may be an indication of the manufacturer’s expertise or quality, they also may not represent what you will always get. Be ready to send back a shipment if you are not okay with the products.
#2: Get familiar with the restrictions
What are those restrictions involved in the importation of products? Example of goods which can be subject to import regulations and restrictions are certain foods, health products, plants, and motor vehicles.
#3: Make use of a customs broker
The job of a customs broker is to clear products across borders in order to ensure that all your paperwork is in the right places. Even though you can always clear goods and products by yourself, customs brokers such as Clearit import broker are professionals and the processes involved in clearing your goods and products across the border can be very complicated. By using a customs broker, you will be saving yourself from spending too much money.
#4: Make sure you are buying the right quantity
Purchasing the right quantity will help reduce the risk of holding too much stock or short selling the goods. One of the biggest mistakes most importers make is over-ordering, which can cause them to sell the goods at lower prices, thus eliminating all profit margins.
#5: Build a product listing
As a good importer, you should know that buyers expect you to offer more than just one product. For instance, if a buyer had asked you to deliver a tennis racket, then he/she will be expecting you deliver about four to five tennis rackets; from which they can choose the one they want. With this in mind, it is necessary you compile more than one product, and also try to identify various factories for that product.