With the internet being such a popular business platforms, more and more people are getting interested on how to sell imported goods online. Mostly housewives or people who want extra income make efforts in putting up their own online store. The best way to stand out from existing merchants is to sell products that are not easily available in the local market. This is why there have been a lot of questions about importing and how it really works. Well, there are many thing to consider, but it is wise to know first what to expect when getting into this business.
Allow Ample Lead Time
Importing products are usually done wholesale, so you should allot significant lead time when mapping out your schedule. Shipping wholesale items is not the same as ordering a single product. Sometimes it takes 3-4 months before it reaches your doorstep. Some vendors don’t even start processing your orders up until you secure a down payment. If you are a middleman, make sure to deal out a reasonable time frame of when the products are available for your clients. Take into consideration the possible delays that may be caused by weather conditions or customs.
Research on Legal Aspects of Shipping
You are responsible for taking care of the proper documentation of your transactions. There are specific forms that you need to fill out in order to fulfill the legality of your negotiation. Most government websites have readily available forms that can easily be printed out. Make sure to know all the important forms and documents needed to avoid any technicalities. Again, if you are a middleman, this is a very important step because you want to avoid any sort of delay as much as possible. Punctuality is an important factor in fostering a prosperous relationship with business partners or clients.
Find a Customs Broker
If you are new to this business, then it is advisable to hire a Customs broker. This person will basically assist you through the whole importing process. If you have no idea about certain regulations or if your goods get stuck in Customs, he/she will help you. If you have friends who have imported before, you can ask for referrals from them. It is important to fully trust your Customs broker.
Choose Your Mode of Shipment
You can either ship by air or sea when importing goods from a foreign country. Shipment by air is typically the preferred mode of choice, but it will cost you more. On the other hand, shipment by sea can be quite a hassle, but you will definitely save a huge amount of money.
With these points in mind, you are well on your way to a successful business endeavor. But above everything else, having a Customs broker is still the most efficient way to ensure the success of your small business. Importing may seem intimidating at first, but if you know where to look for help, you will be up on your own feet in no time!
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Shipments for Import Goods