Direct import/Export
1. Study the importexport laws
Imported and exported products are totally legal when import/export laws are correctly followed. Therefore, the first step for those who want to undertake in this segment is to invest in reliable information about the process of importing goods, whatever they may be. Consult a customs broker.
2. Select trusted suppliers
Especially in the case of entrepreneurs who choose to import/export products from the international market, a series of precautions must be taken in relation to the choice of suppliers. Consult an International Trader or an International Sales Agent.
At this stage, it is important to pay attention to the supplier’s evaluation with the sales agent, who checks the availability of the products, transit of the goods, insurance and all the details and form of delivery to worldwide. Avoid making transactions, without experience, to avoid inconvenience and damage in the course of imports. The Sales Agent, in your country, and the Customs Broker will provide the importer/exporter with greater security in the negotiation.
3. Define the form of import/export
The form of importation/exportation will be decisive not only for the profitability of its activities, but also for the structuring of the activity itself. The importer/exporter must assess which option is most advantageous for the business objectives it has and for the budget available for investment. Get to know right now 4 forms of import/export that can be used by an importer/exporter.
Dropshipping
Dropshipping is a type of sale that frees the importer/exporter from having his own stock. And it is clear that this reduces the costs for opening an import/export business.
In this case, when the customer places an order and forwards the demand directly to the supplier, who sends the product to the customer’s address. Just be careful: in the case of imported/exported products, the delivery time is informed to the customer.
Direct importation/Exportation
In direct import/export, the customer makes the purchase with the foreign supplier and, when the merchandise arrives, needs to store it. This option has financial and bureaucratic disadvantages, since imported/exported products can be taxed with Import Tax, on the FOB + Shipping price and the various other steps involved – such as issuing the so-called Radar License. An import consultant, who in this case would be the International Sales Agent, and the Customs Broker is indispensable.
Trading
In this modality, a mediating company is responsible for importing/exporting the product, helping and streamlining the process. The alternative is especially beneficial for those just starting out, but thanks to the high cost, it is more suitable for those who have researched in detail about the segment in which they intend to operate.
Easy matter
Perhaps this is the most suitable solution for microentrepreneurs looking to consolidate their business in the market: this service provided by the Post Office allows the importation/exportation of up to 3 thousand dollars in goods, as long as it does not exceed 30 kilograms per shipment and in the case of chemicals and fertilizers they are prohibited by the Post Office. Find out about it.
4. Choose a niche and get to know your audience
The choice, Sales Agent, for selling imported products can be quite profitable. To be successful in this segment, you must research a lot to choose the right partners and, only then, define what will matter.
Remember that customers who import/export chemicals and fertilizers are usually very specific.
5. Structure an import/Export
Integration tools already exist that automate various import/export processes, simplifying the importer’s/exporter’s management. The time savings in operational processes can be reversed in the development of business strategies, such as assessing ways to improve the techniques for importing/exporting goods.
Here it is also worth mentioning that the choice of the adopted platform is decisive for the results to be achieved by the importe/exporterr. Therefore, spend a little more time to analyze the advantages and disadvantages of each option and, based on this assessment, make a better decision.
6. Assess logistical issues
When direct importation/exportation is involved, attention to logistical issues is simply essential for the business to be able to be safe and grow solidly.
Importing/Export large or bulk goods, for example, is always more difficult and does not necessarily represent a better margin for good business. Likewise, choosing certain forms of import/export makes delivery to the end customer more time consuming, and it is necessary to assess the impact of these decisions on the consolidation of an import.
Pricing is also an important step, as the shopkeeper must convert the amounts paid in dollars (or whatever the foreign currency) to UD$ or other, include additional taxes, evaluate cost and delivery time, while also determining a margin to set the price of product.
After pricing negotiations, we have to negotiate payment to the supplier by the buyer.
As a rule, payment is via a letter of credit (L/C) which must be negotiated by both parties which involves several details and banks that will be involved.
In these endless negotiations who acts as the general coordinator is the
Sales Agent Agreement to complete the deal to the satisfaction of both parties and the banks if the L / C is confirmed and irrevocable. In summary, Rymax or Food for World will operationalize the business from A to Z.
In addition to the payment details, the importerexporter must decide on the transit time of the goods to the defined port and what type of insurance will be made by the importer/Exporter. Rymax ou Food for World has extensive experience in all the details of logistics leaving all parties up to date: exporter, importer, customs broker, Bank
exporter, importer bank, insurance company, naval carrier, land carrier, etc.
As you have seen, the choice of direct import can be very advantageous for consumers or resellers who want to differentiate their performance to make the business more profitable, stable and profitable. Are you ready for this?
Have any questions? Contact Rymax or Food for World at contact@rymaxglobal.com or contact@foodforworld.com and send your question.
Ficou com alguma dúvida? Contate a Rymax pelo e-mail contact@rymaxglobal.com e envie sua pergunta.