MyShipper Australia is a company that is specialized in sourcing products from China. When you source products direct from China, there are many barriers (like language, culture, distance) that can slow the importing process. MyShipper Australia guides you through the whole process of product sourcing from China to make sure you will receive the products you need, without any hassle. Are you curious about the different steps of sourcing products? Quickly read further to know more about this process.
– Check if you can actually import this product
Of course it is not the smartest idea to immediately start importing products from another country. Before you start, you should first do some market research in your country if there is actually demand for this product.
Find out what people’s preferences are in certain products and then if there is a market for your product. If so, you can start investigating if the government also agrees on your import plan. Here you have to take account of certain laws that apply on the area of safety, health and environment.
– Ask permission to the producer of the concerning products
What people often don’t know and forget to do is to ask permission from the producer. They have to give you allowance to import these product to your country, otherwise you are not able to do this. What you should take account of when importing from China is that Chinese people first want (a part of) the money and then start the shipping process.
– Write your import plan
When all the above is positive, you can start writing an import plan. Here you describe all the steps that are necessary to help you realize your import. Here you write things like legal issues, laws that apply on your product and general conditions but also what exactly is your mode of transport etc. The purpose of writing this import plan is to make your plans realistic.
– Calculate the costs
Now ask yourself what you find as a reasonable price for your products. A cost price calculation will tell you the costs you pay and what amount of money you should ask for your products to make a profit out of it. It’s also important to calculate the costs of transport, storage and other contingency costs. Always include the preferences of your target group as they are the ones who finally have to buy your products.
– Make solid agreements with your suppliers
You don’t want your products to arrive damaged or too late. Then the chance is big that you have to pay the price of these external errors. Therefore make good agreements with your suppliers about your product liability and when the risk (and thus also the costs) are being transferred to you. This will save you a lot of unnecessary costs.