Many people are eager to begin sourcing products from abroad, most especially from China. And with good reason- the high profit margin of the goods imported. If that's what you'd like to do as well, you'll do well to get a good book on importation. Now take time to read it well before you get started. You can now get your share of the wealth and riches to be had from import. Yes! What more you can do it from the comfort of your house.
Importing is a process of getting goods from another country into your own country. People get into importation because they saw that those goods can be gotten cheaply abroad. So they bring it in and make huge profits from reselling it in their country.
To be successful in the import business, you need to play by certain rules. Everything in life is risky moreso in business. Therefore you should be more careful when dealing with suppliers from other continents.
Always keep all of your invoices and receipts. It can come in handy if ever there is any dispute. For instance, if your merchandise doesn't arrive as expected or if you have to prove the value of your goods to a customs official etc, you will be lost if you've accidentally thrown away your documentation.
An essential issue in importing is finding a good supplier. Tips on how to find a good supplier should be thoroughly explained in the book Finding a good supplier is vital to your importation business, since the supplier you have will ensure that you get quality goods into your country.
If you get bad goods, you are likely to be in trouble with your country's regualtion. So you should do well to check your country's regualtions about goods prohibited, customs duty, import tax and the rest.
There are many ways of payment, you can use credit card, PayPal, bank transfer and others. I would advice you to use the escrow system of payment. This is system that ensures that the seller doesn't get his money until you the buyer confirms receipt of goods and in good condition. This ensures the protection of your money.
Import goods that are already selling in your country so that you don't end up with a warehouse full of unwanted goods. Research your neighbourhood to know what people are searching and go online and look for where you can source it cheaply.
Choose a good shipping method, and track your shipment to ensure its coming to you. After you wait at home and collect your products, sell and make your money.
That's all there is to importing. Just sell your goods and collect your profits.
