Business Management

If you have ever bought products outside of retail stores, you most likely know of the great deals that can be had from getting your items from overseas. You can get your products for a fraction of the cost. Most people are not aware that the items that they buy are usually imported, so they are not aware of the great savings they are missing out on. It can be hard for an individual to make purchases as such overseas, but for a businessperson, it can be a great asset that they can obtain quite easily.
There are at least three things that you need to consider when you choose to import from wholesalers overseas.
1. The cost you pay for your item is not your cost of wholesale. The total of your wholesale cost is the total of the cumulative cost that you incur from getting the product to your door, packed and then shipped to your client. For an example: you may pay 75 cents for a ceramic dove, then you will have to pay an import fee as well as freight, a customs broker, insurance and consolidation fees. In the end, your total cost of the product for all of this would be around $2.75 each.
2. You will need to make sure you allow sufficient time for the shipping from overseas. In some cases, it can take up to three months, so you will want to make sure you know your supply and demand and order accordingly. If you run into problems with customs, you may have a longer wait time. The price you pay for airfreight may be pricey but it is much faster and efficient than the regular methods.
3. You need to make sure that you know all the legal aspects of wholesalers shipping from overseas. You do not want to get caught in the middle of an import battle. There is a great number of regulations and laws that you need to follow to make sure that you are in compliance. You are the one that needs to make sure that what you bring into the country is all on the up and up.
So now that you know the three basics, you most likely want to know how to get things started. If you are new to this whole deal and are unfamiliar with drop shipping and wholesalers, then you will want to start with a customs broker. A customs broker will make sure that you have all of your items in the proper order and that you have done what you need to do. They can help you figure on how much all of it will cost you out of pocket so you can better plan your budget.