import paperworks?

dimples06dimples06 Posts: 1subscriber
edited February 2008 in Grab Bag
Where do i start if im planning to import my merchandise? what liscense, paperwork etc.. do i need? thanks in advance.

Comments

  • rocknroll333rocknroll333 Posts: 2subscriber
    You don`t need a licence to import merchandise. You need a busines licence so you can get a wholesale business licence to purchase your products at wholesale costs.
    Importing merchandise is not hard, but you have to have the right tools in place before you start. You have to get pricing quoted to you with the landing costs included. A lot of merchants will give you costs based on production cost only so you think ok, they have $2 t-shirts I will go with them...when you have to include shipping, and any tariffs into the price of your merchandise if applicable depending on where you source your product from to know the true cost of your product.
    What many people don`t understand is that you need 3 different suppliers of merchandise which I will explain below.
    1. A cheap supplier overseas for the majority of your product in which you forecast your sales and order from on a regular basis. positive = cheaper, negative = longer delivery time..and can get stuck in customs. 4+ weeks shipping time.
    2. A local (i.e. USA) solution of the same merch that has a short fullfilment schedule 2 -4 weeks max. Not as cheap as overseas but still reasonable
    3. Another local (USA) solution that has a short fulfillment time 1-2 weeks. Positive= Quick orders. Negative = more expensive
    ===========
    Why 3 suppliers?
    1. Your overseas supplier will allow you to have higher margins. negative is customs can ruin an order. For example if Macys buys your merchandise and you promise to deliver it in 8 weeks. Customs delays your order, or ship arrives late..You risk loosing sale from Macys and they will NEVER order from you again.
    2. Supplier in USA allows you to beat competitors who only use overseas fulfillment allowing you to get into stores that purchase more over the year. For example, small boutique stores make purchases every 2 weeks going through all thier inventory because they make many smaller orders.
    3. A fast solution is needed. If your sales rep gets an order that needs to go out quickly, you become a hero to a buyer who has an emergency. They will know that they can count on you to come through for them if they have a problem, building trust between you and any buyers you deal with.
    There are many details to importing products. I suggest you attend a trade show that has international suppliers and speak directly with the reps of the manufacturers. In addition, get  good sourcing book is critical or attend seminars on purchasing products internationally.
    Check out my Hot Elevator pitch on 7.24.06 startupnation podcast
    p.s. Vote for Rocknroll333 I am a finalist in the win a vacation contest
     
  • ShipwireShipwire Posts: 0subscriber
    If you are not a U.S. company and are importing into the U.S. you need a tax id.here is a help file and link to get that.  http://help.shipwire.com/non-us-importing-into-us/If your looking for import help, freight assistance, warehouse space, order fulfillment, etc check out shipwire.
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