Is import export business for you?
Many people want to start a business of their own. To find a suitable business they search through business startup manuals. One day they read about how to start a…
Read moreImporting and product landed cost
Most amateur would be importers very likely visited a particular country on a vacation and came across a product that was so cheap that they instantly felt inspired to import…
Read moreWhat Product Should I Import?
Many people who want to start an import export business already know what product they’d like to start importing, or at least they think they do. Fact is most would-be…
Read moreLearn How to Start an Import Export Business
How to start an import export business cannot be answered with once sentence. Of all the emails I continue to get from individuals as well as companies that are looking…
Read moreShould you import from China?
Recently Obama administration imposed import tariff on steel pipes and tires from China. The announcement was widely criticized by the Chinese as well as around the world as expression of…
Read moreCurrency Exchange Tips for an Import / Exporter
Successful import-export transactions start with a currency exchange plan The world is finally getting to know itself from a business perspective, thanks to the Internet and successful import-export transactions. Some…
Read moreImport export and what business am I in?
Client comes to me with an idea of a product he wants to import. It does not matter what the product is, but an important question is if it will…
Read moreStarting import export business, landed costs and trade leads
There is a lot more to starting import export business than deciding on the product to import and market. For now let’s say that deciding on the country to import…
Read moreImporting from the Third World
Many importers that are still learning how to start an import export business think they found a product to import from a particular country. In many cases that country may…
Read moreOpportunities in Import Export Business
When deciding what kind of business to start, most people seem to focus strictly on the monetary side of things, meaning, they get too much concerned about the income potential…
Read moreWhy You Need to Get a Reliable Door to Door Quote in Import Export Business
One of the problems many first time importers have is not being able to correctly estimate their likely landed costs of the goods they are importing from overseas. This is…
Read moreTextile quota restrictions no longer apply
For 2009 exports, textile quota restrictions no longer apply, though some nations are still excluded (Belarus, North Korea, Uzbekistan…, check the Harmonized Tariff Schedule!) The textile quota system as it…
Read moreNiche Marketing and Skin Care Product Development
One of the key issues associated with importing any product is deciding on what niche of the product or product category to focus on. With so much competition in the…
Read moreMarking Requirements on Imported Products Made of Species and Department of Fish and Wildlife
Needless to say, you don’t want to engage in importation of endangered species of any kind. You can pick up a pamphlet from the US Customs Service as to which…
Read moreImporting Solar Water Heaters and Renewable Energy Products
Current emphasis on assessing our individual impact on our environment, urging us to transform our lifestyle to be more sustainable, has proliferated creation of Renewable Energy Products and startup of…
Read moreDealing with Customhouse Brokers, Customs Broker Charges and Services
Licensed by the US Customs, Customs Brokers all charge about the same for their services clearing your shipments through US Customs but you should check before you engage them in…
Read moreUnited States Customs: Dutiable Status of Goods
The customs clearing process, in a nutshell, amounts to clearing the arriving goods under a certain customs category. For this purpose, US Customs uses the Harmonized Tariff Schedule of the…
Read moreProducts to Import – Health and Beauty Products from Thailand
Southeast Asia has always been a great part of the world to import a product from, especiall in the sphere of textiles, furnishings, arts and crafts. The superior quality of…
Read moreImport Shipments Entry Process through US Customs
Understanding US Customs Entry Process is absolutely essential to clearing US Customs without delays and unnecessarily increasing the landed costs of your goods. I cover this information in depth in…
Read moreCertificate of Inspection and How It’s Used
In a recent post I noted the need for Certificate of Inspection to guarantee you / the importer will get the quantity as well as quality of the goods shipped.…
Read moreImport Export Financing: Documentary Draft for Collection
Other than paying cash for your import purchases or using Letter of Credit financing, using Documentary Draft for Collection is another popular method how to pay for your import orders.…
Read moreLetter of Credit and the use of Certificate of Inspection
As noted in my previous post, Letter of Credit does not guarantee the quantity and quality of goods shipped! You, the Buyer / importer must realize that when Shipping Documents…
Read moreImport Export Financing: Documentary Letter of Credit
The Documentary Letter of Credit, abbreviated L/C, is a written undertaking of a bank made at the request of a buyer, to honor drafts or other demands for payment (presented…
Read moreUnited States Customs: Marking Requirements on Goods
All merchandise entering the United Sates must be clearly marked with a sticker indicating the country of origin. The protocol is to have all items marked, thus if you happen…
Read moreCertificate of Origin, From A, GSP Classification
Certificate of Origin or Form A is an evidence of a country of manufacture. GSP stands for the Generalized System of Preferences. The US Congress set up the GSP classification…
Read moreInsurance in Import Export Business
For the most part the airlines do cover the damages to your goods in transit and the insurance coverage is worked into the costs of the airfreight charges, however, they…
Read moreImporting Leather Products: Leather Certificate
Similar to the textile visa, Leather Certificate is an assurance of quality, a compliance to certain standards for specific leather products. It is basically a Certificate of Origin that covers…
Read moreSourcing Nepal – What To Import From Nepal
Anyone who has visited Nepal may have gotten inspired to import Made in Nepal handicrafts. The product range includes silver jewelry, clothing and fashion accessories, rugs, ritual artifacts, paper products,…
Read moreProblems with importing garments and other textile articles
In this post I’d like address not the scenario where you are an importer of textile articles and you buy from licensed exporters, regardless what the country of origin is.…
Read moreIncorrect Textile Visa
As noted above, in the event your goods arrive into the United States without Textile Visa document, you won’t be able to clear US Customs until your broker will obtain…
Read moreShipping Documents: Missing Textile Visa
Textile Visa is a certification of goods belonging to a specific product category – i.e. pillows, table cloth, blankets, etc. – as listed in the Harmonized Tariff Schedule. It is…
Read moreWho will be your customer – how will you sell your imports?
Importing is a two-part business – first you find a product overseas, you buy it and import it into a country you wish to import into. If you are going…
Read moreImporting into the United States – Quota Documentation
Quota is a quantitative restriction on some imports, i.e. farm products, pharmaceuticals, glass products etc. but most well-known products that are subject to a quota are garments and textile articles…
Read moreShipping Documents: Commercial Invoice & Packing List
Commercial invoice shows goods sold, unit cost and quantity. Typically, it will be in US dollars but it can also be written in a local currency. There are two things…
Read moreImporting from Laos – Lao textile arts
Laos gained Normal Trade Relations status with the US in late 2004. Allowing Lao products to benefit from lower import tariffs levied by the US government, the favorable trading relationship…
Read moreShipping Documents: International Bill of Lading
Bill of Lading is a receipt for the goods shipped by sea and Airway Bill is a receipt for goods shipped by air. It’s an evidence of the carrier’s obligation…
Read morePacking & Shipping from Third World
In most western countries, freight forwarders are freight forwarders and call themselves freight forwarders. In the Third World, however, freight forwarders may also call themselves “export agents, shipping agents, or…
Read moreSales Contract in Import Export Business
Sales contract is an instrument meant to be more psychological than enforceable although it could be in countries where you may stand a legal chance of having your case heard…
Read moreDo you know what to sell online? Where do I find products to sell?
Valentine’s Day is here again. That means millions of ‘love-themed’ products are selling across the Internet. But WHERE do all these retailers FIND products to sell? Searching for suppliers online…
Read morePrice Quote in International Trade
OK, you have found a product you want to buy, received a sample in the mail, or found a source of supply overseas and now you are standing in the…
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