Is an import business in the stars for you? Let us see if it sounds like a good choice for you to start a home based import business for travel, fun, and money.
The import business is easier than you think. One reason is that the U.S. Government gives you all the help you need. Secondly, your market is enormous and has the money and desire to buy the goods you import. Lastly, you are physically present to receive the goods when they arrive. You know they will not be held up in the customhouse, or left alone at dockside.
I can tell you about a man who, on his own, started an organic food import business. Almost every month, he travels from a week to ten days. He attends food exhibitions, visits suppliers, factories, and farms. When he meets with his buyers, he presents them with lists of the latest goods with prices. He is so successful, he now exports American grain to other countries.
You can do the same thing with other goods – clothes, ladies bags, gadgets, art, home furnishings, or golf equipment.
Here are a few points to help get you started in the import business.
First, find your customer
Who do you want to sell to? New parents? Golfers? Music lovers? Sports enthusiasts? Remember, you can also sell goods to the big box stores, to catalogues, to online sellers, to the military, and to boutiques.
Choose products that are already in demand
Look through catalogues and popular magazines. They are filled with products that sell fast. Circle the ones that appeal to you. Go trade shows. Major trade shows attract millions of buyers each year in the United States, Europe, and Japan. Attend as many shows as you can. At these shows you can meet buyers, wholesalers and suppliers who want to do business with you.
By the way, recent hot selling products include cooking items, auto accessories, sports shoes, ladies bags, clothing, golf accessories, high tech gadgets, jewelry, and products for pets.
Locate major buyers at home
To make it easy on yourself, choose buyers who are wholesalers. Wholesalers can sell your products through their manufacturers’ representatives, industrial distributors, department store chains, supermarket chains and mail order houses.
Let the Government help you
The United States lets you import goods from certain countries free of tariffs and quotas.
Here is one example: The Andean Product Tariffs and Drug Enforcement Agreement (APTDEA) lets you import over 6000 products duty free from Peru, Bolivia, Colombia, and Ecuador.
In addition, there are countless other perks the Government will give you to help you with your import business.
Determine how much money you can make
Now, here is the key question: How much money can you make in your import business? Add up costs and subtract them from sales to your wholesaler. Your profit should be about 15 percent. That is $75,000 for every $500,000 shipment. That is not bad, considering you can probably make eight or nine deals a year.
Yes, you can make money in the import business. But you can also have a lot of fun traveling around the world searching out fascinating products. Snacking on caviar and toast in a Venetian palazzo, gazing at the Taj Mahal just before sunset, or enjoying a café crème in a Parisian café can be a part of your working life.
Now, does this inspire you to start a home based import business for travel, fun, and money?