Wed Sep 27, 2017 9:34 am
• 782 Posts
Due to the mass sackings Cheap Jerseys , retrenchments in all industries, economic climate, downsizing and uncertain times more people are deciding to get into the lucrative world of importing and exporting. After all we are all consumers and need to have those needs fulfilled.
1) Set up the right structures
Before you start you must consult accountants and legal advice so you have the right structure or trading entity in place. There are several reasons for this. One is that you are protected and separate your import business from your other assets just in case there are problems or issues down the line. Legal advice so you are not importing any items that is illegal or infringe on other peoples products. These mistakes early on can cost you all your business. Great foundation is necessary for great success.
2) Choose A Hungry Market.
First and foremost there must be a market that wants your product. Don’t make the mistake of getting a product and then finding out that market has dried up or too competitive.
So do your research. This can involve doing a Google search and also seeing what sells the best on EBay or amazon and then statistically how big and how wide your market is still. How long is this market going to be there for your product?
3) Choose the right product
Choosing the right product is essential to your success. Are you importing large products or smaller ones that can be shipped easily? Do the products you are thinking or importing can be shipped on large quantities or are they going to take a long time to ship?
Is your product unique by its nature or very similar to other products already on the market?
Do you know enough about the products or have a passion for it? Is the product technical and also how good a quality is it?