Ways to increase profits for import business
hello guys !
welcome back to my page hehe
Now, I'd like to share some suggestions for who wants to get into this business. So, in this article
I'll explain more specific about this business rather than to explain the initial steps to run this business. For who hasn't read my previous blog which about "How to begin an import business" you can simply click here and enjoy reading☺
Okay, let's start!
What makes you get maximum profit while running this business?
I will mention 3 strategies for you about how to reach the maximum profits in import business and all of those are based on my own experiences (Perhaps it's not 100% works for you, it still depends on your persistence in doing this work) these are simple but helpful, believe me 😁
First, try to rent a warehouse, find the trusted and cheapest one warehouse in the store area where you want to purchase. Why you should have an address around there? because some of stores will not allowed to ship their items outside their territory. So, you need an address near them. Also, you can pile up your items then consolidate them into one box before you ship it to your country. It will be more cheaper rather than ship it directly from store towards your home. Probably, some of stores provide a free shipping service towards their customer who lives in around their store. It could be another advantage of having an address near with them. Closer is better :D
Second, find some outlets which accept wholesale sale for their customers, it will cost cheaper than normal sale. How to know whether the store is accepting a wholesale or not? email them, ask them about wholesale and you may even try to convice them to accept the wholesale for which store which doesn't accept wholesale for their product before. Make sure you are already have an exact calculation before you start to make an offer in order to minimize the risk of losing some gains.
Why do we have to buy in wholesale method? because there's a substantial difference in price between normal sale and wholesale. For example, if a tee is tagged $10 in the normal sale, it will be tagged with lower price in wholesale where the price might become $4 to $5. However, wholesale purchase is almost always made in bulk with minimum order around 20/25 pieces.
Lastly, the tax and custom for imported items are costly. Building a relation with someone who works in custom and excise department would be helpful as you will have the privilege to negotiate and make a deal with them regarding the cost of the charge. It is better to make the deal before ordering the items because they usually won't be able to help much with the charge if the items are already on delivery process to your country.
I know those suggestions are not easy as it seems but it is not impossible if you are willing to try it persistently under difficulty during the process. It needs perseverance and determination. So, keep doing your best and don't easily give up 🔥
thank you for your time that you have spent by reading my writing piece 😄😄 I hope this would be helpful for you and feel free to drop your comment, critic or suggestions about my article below.
Good luck and Have a greatest day fellas !!
By Azharul Fuady
welcome back to my page hehe
Now, I'd like to share some suggestions for who wants to get into this business. So, in this article
I'll explain more specific about this business rather than to explain the initial steps to run this business. For who hasn't read my previous blog which about "How to begin an import business" you can simply click here and enjoy reading☺
Okay, let's start!
What makes you get maximum profit while running this business?
I will mention 3 strategies for you about how to reach the maximum profits in import business and all of those are based on my own experiences (Perhaps it's not 100% works for you, it still depends on your persistence in doing this work) these are simple but helpful, believe me 😁
First, try to rent a warehouse, find the trusted and cheapest one warehouse in the store area where you want to purchase. Why you should have an address around there? because some of stores will not allowed to ship their items outside their territory. So, you need an address near them. Also, you can pile up your items then consolidate them into one box before you ship it to your country. It will be more cheaper rather than ship it directly from store towards your home. Probably, some of stores provide a free shipping service towards their customer who lives in around their store. It could be another advantage of having an address near with them. Closer is better :DSecond, find some outlets which accept wholesale sale for their customers, it will cost cheaper than normal sale. How to know whether the store is accepting a wholesale or not? email them, ask them about wholesale and you may even try to convice them to accept the wholesale for which store which doesn't accept wholesale for their product before. Make sure you are already have an exact calculation before you start to make an offer in order to minimize the risk of losing some gains.
Why do we have to buy in wholesale method? because there's a substantial difference in price between normal sale and wholesale. For example, if a tee is tagged $10 in the normal sale, it will be tagged with lower price in wholesale where the price might become $4 to $5. However, wholesale purchase is almost always made in bulk with minimum order around 20/25 pieces.Lastly, the tax and custom for imported items are costly. Building a relation with someone who works in custom and excise department would be helpful as you will have the privilege to negotiate and make a deal with them regarding the cost of the charge. It is better to make the deal before ordering the items because they usually won't be able to help much with the charge if the items are already on delivery process to your country.
I know those suggestions are not easy as it seems but it is not impossible if you are willing to try it persistently under difficulty during the process. It needs perseverance and determination. So, keep doing your best and don't easily give up 🔥
thank you for your time that you have spent by reading my writing piece 😄😄 I hope this would be helpful for you and feel free to drop your comment, critic or suggestions about my article below.
Good luck and Have a greatest day fellas !!
By Azharul Fuady
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