Business, Thought, and Management Articles --- Import Business in Actuality
Here we investigated actual import business. We approach to the actual situation of such sulender business to import attractive products from overseas countries and sell to domestic market.
When you travel abroad, you will be surprised with attractive products that coming into your eyes. There are a lot of products that our nation's fellow citizens do not know still in the world. It may be possible to get rich quickly if you buy overseas interesting products and sell into domestic market.
People love brand. Dealers as regular agency import and sell overseas brand into domestic market. And, there are also shops who are not regular agencies import independently, that are so-called parallel imports.
Have you ever wanted to, and want to do import business?
It is a global interaction, realization of longing. Recently we can import as individuals much easier than before, as the internet developed.
The attractiveness cited as one of the best part of the import business, is to raise the importing and selling a new brand products that were not known in the domestic market, to be recognized as a brand.
If the maker is not recognized as abrand much, you can make favorable contract for regular agency agreement.
As you contribute sales increase, you will be thanked by primary distributor. Then future business will be promised.
Of course, it is hard to sell a product that has not been recognized as a brand.
Just advertising taking cost is not enough. The marketing strategy over time is required.
It becomes the role of import distributor to grow the brand in the domestic market.
There are some drawbacks in importing businesses.
It is hard to control prices, performance and quality for import products.
Insect damage, infectious diseases or reputational risk may occur in some cases.
It may be in trouble unexpected since primary distributor make design changing without noticing importers. Customers will complain if importers do business with old catalogs.
In addition, it is conceivable risk or under the influence of national policy and exchange rate fluctuations, and would face the stock in large quantities by contract.
We made a survey and feature about import businesses. We approached to the behind-the-scenes of import businesses that are brilliant looking.
Import Formalities
Generally, import is to buy goods in foreign coountries to sell or use in the domestic country. Since we bring goods from abroad, we ust have procesures in accordance with the customs law etc.
Regulation of Imports
Every day, various things have been imported from abroad. Daily life goods, animals, industrial products and other wide-ranging goods are imported. Many things close to us and used in everyday life are imported goods.
Longing for Overseas
There are many people who feel the longing to overseas by the images in films, television or memories of travels. They would feel the overseas atmosphere in their everyday lives.
Import and Sale of Branded Goods
People like brands. Importing to sell branded goods will be such a profitable business model that could meet the needs who love brands.
Cost Reduction
There are a lot of inexpensive goods sold in abroad than those manufactured in our country. There is a variety of features depending on countries, such as low-labor-cost, rich in resources, with plenty of water, a valt land, etc.
Quality Troubles
There are some variety of risks to import goods from overseas. Quality problems of imported goods is a big risk for the trader to import and sell the product. Reducing the risk of quality problems is a very important skill for the importers.
Infectious Diseases, Termites, and Insect Damage
When importing animls, furnitures, foods and plant seeds, they may suffer infectious diseases, termites or insect damages. Sometimes those can be stopped at customs, and thay become big problems after imported.
Stock, Supply Risk
If you import goods from abroad, the stock of the product can be big, and there sometimes could be supply shortage compared to domestic production goods. The importers should understand the supply risk and stok risk well, and take countermeasures in advance.
Foreign Exchange and Political Risks
Sales of products imported from overseas are affected by changes of foreign currency and political situation. When exchange rate changes rapidly and import prices are increased, the sales will affected. Imports can be stopped depending on the political situation.
Reputational Risk
Sometimes products imported from abroad and sold do not sell at all suddenly for rumors. Once imported foods became a problem, sales of other imported foods can drop significantly, or can affect unexpected fields.
Parallel Imports and Authorized Agent
If you are to import foreign products and sell into domestic market, you have roughly two ways. One it make a regular agency contracts with suppliers that produce the goods. Another is purchase the goods in foreign country and sell by the parallel imports.
Local Subsidiary and Production
Importing products that are already in overseas is not only business. It is also be good business to go overseas, make local subsidiaries, purchase proactively, make manufacturing plants and do productsion.
Import and Internet
With the development of Internet, all commerce are about to change significantly. As well as those involved in the import business, it is important to think the impact of the Internet and to take advantage of it.
International Exchange
Import is the act to carry products in foreign countries because it is intended to be sold and used in domestic. So to speak, the import is the international exchange by products. Because this is international exchange, images and connection of people are very important.
Realization of Longing
By importing DVDs, novels, paintings, films and television dramas, foreign cultures are coming into the country. By touching many cultures, people feel longing for foreign countries. Longing generates consumer appetite of foreign goods.
