Important information
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Start-up investment
Low $ 2000 (import a cheap product in small quantity and sell it to agent)
High - $ 200,000 (selling expensive products directly to retailers or wholesale buyers)
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Break eave time from 3 months to 3 years
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Annual revenue and profit estimate
Revenue $ 200,000 - $ 200,000
Profit (before tax) - $ 30,000 - $ 3 million
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Shrinking globe
As a result, it will become a localization that has further improved communication and transportation capabilities and lost its position in the market. Whether we like it or not (and some lobbying groups spend enormous efforts to maintain foreign products outside the US 0, our import and export incomes increase US import / export income is It will exceed the majority gross domestic product of the country which is our trading partner country.
80% of the goods going out of the country while exporting huge enterprises (Fortune 500 companies), internationally small businesses run the import side of the formula. And it looks like there is no end in front of you. The world economy is increasingly interdependent, new markets are opened, demand is increasing, opportunities for importing and exporting are also increasing.
Bilingual Business
Between regulatory changes and language barriers, imports and exports are not business for the weak of the heart. Regulation can be changed without words of warning, it seems to have little relation with logic. Tack on quotas and fee breaks for undeveloped countries and have a real potpourri of information you need for doing business.
Before taking this type of business, you need to improve your homework. If you are lucky enough to fall into a hot new item (ie cabbage patch doll, pet stone), you can make luck little in the evening. If you choose wisely, you will not have domestic competition.
Yes --- Choosing your product is key to the success of the importing industry. A good place to start is by looking good on yourself and in your background. If your expertise is in the apparel industry, you may want to consider textiles. Please be very careful what you choose, you need to consider transport, breakage, market saturation. Because you can save yourself a lot of trouble importing is easy to transport and / or lightweight.
If you choose your product, finding a source is rarely a problem. Foreign governments are eager to expand the balance of trade and help to find manufacturers for your products. You can get list of products by the manufacturer of the product and contact the country's US commercial service.
Ready for takeoff
Many importers start part-time basis business until they actually start. Before you start your business you can take the course of importing and exporting at your local university so you can cut the first contract Before the government printing office supports a variety of publications I have functions and I will educate you. You may want to make contacts at a brokerage or transport company and use their expertise. We will make a better chance of information success.
You also need to decide the scope of planning to use available support services. You may also want to use an import agent or broker to handle the foreign end of the transaction (for a percentage charge). Customs brokers and freight forwarders can also spill the process, but it costs another fee. Find out what transportation is available and which is the fastest and most economical. Check Yellow Pages and contact list suppliers for the land air and harbors. But be careful, your name is in deal and your reputation is stock. Check them!
Before the goods you are importing appear in this country you need to decide how to distribute them. Can be sold items are redistributed by the agent in the United States to the retailer and wholesale buyer to the buyer himself. If you choose to sell directly you need to find a buyer and have marketing staff to go to your company's exhibition. Assuming you can find a buyer for your product and selling directly, your initial cost will be higher, but your profit will be
Covers all bases
The import and export industry has many risks. If you pay in advance for goods manufactured around the world, it does not make a very important right question assumption because you deal with different cultures and attitudes
In many cases, in whatever circumstances, the foreign government side with the country of your country. In some cases, a US company may change its relationship with a foreign manufacturer, regardless of how good it is, without costing them arm and legs, or the end custom and trade agent Try to keep importers from trouble do a good life - yes you know your business - and do not take chances.
One of the items you want to be very clear about is the payment currency (some governments do not like paying in dollars), but will also sound in and if. If you are importing something that the manufacturer sells under the price they receive in their country, this is a "dump" and US customs will be embargoed the goods. You may also hit with retroactive embargo.
To get up early
Flexibility is the name of the game in the import / export industry. With flick of the wrist, the Department of Commerce publishes it every day, you need to hop the plane to find a new supplier on the night Favorite
If you are really lucky, you may stumble across the latest and greatest fashions to hit this country since hula hoop, but most
If you can not find a new one to import, you can upgrade or change it using the existing product. Changing the design, style, or structure of the product makes it attractive and cost effective by manufacturers and imports. There may be more creative, there is your chance of better.
It is frustrating in the import / export industry, with high profitability. But remember: you should be wary of it and you must always be cautious in dealing with regulatory issues and foreign cultures. Staying on top of your industry, you have the opportunity to get some juicy rewards.
resource
Industry group:
Exporters and importers of the United Nations, 11 W 42 nd cent, New York, NY 10036 (212) 944 - 2230
Export trading company, 225 Council for Connecticut Ave. , # 415, Washington, DC20036 (202) 816-4705
book
Import and export business, 93 Wilet Dr., Syossett, NY 11791 (516) 496 - 8740
International Trade Warning and International Trade Month, 11W 42nd St., New York, NY 10036 (212) 944-2230
Both the US Department of Commerce and the Management of Small Businesses in the United States have a book available by the document's supervisor, the Government Printing Office, Washington State, DC 20402 (202) 783-3228
Exporter executive, 401 N Broad Cents, Philadelphia. PA 19108 (215) 238-5300
consultant
Treico International Service, 93 Dr. Willet., Syossett, NY 11791 (516) 496-8740
For additional information to help you set up your new business, information on licensing, permission, legal structure of your business, taxes, insurance
Business - startup viewfinder manual
Mail order
Important information
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Start-up investment
Low - $ 1,000 Home base. Make dropshipped items and owners operate by manufacturer.
High - $ 500,000 - catalog sales, some postings, items shipped from the company warehouse).
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Tsutsu niece "Tsutsu" Tsubu
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Annual income and profit estimate
Revenue $ 50,000 - $ 1.5 million
Profit (before tax) - $ 5,000 - $ 450,000
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The time has come.
In seven of today's American ten households, adults do not have the time it takes for them to go shopping during the day. As a result, spam mail is not so "junky" anymore. People who used to hesitate to buy big ticket items by post now now order this all for zipper lock freezer bags from artichokes and this trend changes
People are also beginning to realize that mail order can be the smallest high way to shop. Cost of products purchased through e-mail, distributors of mail orders, high price tags of overhead items such as expensive sales force and flashy showroom
Stand out in the crowd
One way to make money in the mail order business is to find a prominent method - to get a gimmick - find a unique product to sell - not all questions are "something that can be sold by mail" , "What can you sell by mail?
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