Often times, it may be a good idea to import goods that in low supply in the country that you live in. Here are some tips to get you started.
Pick the right item
When deciding on what you want to sell, you will need to first decide on what it is you are going to be selling. Try to pick something that is in short supply in the country that you live in but has a reasonable amount of demand. For instance, if you were living in Iraq, then it could be a good idea to sell some electronics like mobile phones for instance, which aren’t commonly manufactured in Iraq. It could be a good idea to run a few surveys on the locals to get feedback on the demand of a particular product before you actually decide to buy it.
ind a good supplier
You will need to make sure that you will be able to sell the item at a reasonable price, once you’ve decided on the item you want to sell. Try to identify the country that will have the product you are selling in quite a high supply and are willing to send it to the country you live in. If we look at the mobile phones example again, this time a particular product such as an iPhone, you might be better off finding a supplier in the US who is willing to ship the cargo to Iraq. Negotiate the price based on the quantity that you will be selling and it is a good idea to start by ordering a sample before you order in bulk.
There will most likely be a lot of transportation involved to get the items from the supplier to you, so it would be wise to hear a good logistics company to do the job for you on a regular basis. They should be willing to get the items from the port, for example the Khalid port Sharjah, and get it transported to your warehouse on a consistent basis and with some sort of guarantees regarding any damages that may be caused during transportation. You could even look for a company that has their own customs clearance agents to get the goods cleared by customs, in order to avoid any delay that may be caused.
These tips can help you with getting started with the business, however you will need to make sure that you keep the price reasonable, bearing in mind to cover all costs that are incurred when you set the price.