Whether you are an amateur or a professional in wholesale business; if you want to import goods and products from abroad you need to be extra cautious. Importing wholesale goods from abroad will surely boost your profits and its not like that importing products from abroad is impossible; all you need is some kind of experience of import and export. Doing wholesale or any other business is one thing but doing import and export is another. People with no experience often lose their money due to insecure payment methods or many people got bluffed by fake or low quality products.
So to deal with import problems in wholesale business you need to be extra alert. First of all identify the product which is to be imported, check its quality and originality. After doing this you will need to investigate all costs which will be applied on products.
In import and export business there are many costs which are apparently hidden from the buyer but they actually exist. An inexperienced buyer always face loss due to these hidden payments, so before placing an order always calculate your total cost including each and every payment. When you are satisfied with all costs then verify the supplier thoroughly. There are many scams and fake suppliers but mainly people encounter with low standard suppliers who cannot provide the product on time with same quality and quantity.
While importing wholesale products you have to deal with not only a supplier or manufacturer but with many outside entities. After selecting a supplier you have to discuss and agree on shipping and payment terms. Payment terms mean that from which source you will send money to the supplier.
There are many ways available through which you can send money like pay pal, checkout etc. When everything is dealt with and you are satisfied to make a full order and supplier is ready to send you the products then you should hire an inspection company who will check the quality of products which are in bulk form. After clearance from inspection agent you will need to hire shipping agent who will settle down matters of transportation.
When your product is received then you have to pay custom duty. If you have to regularly import products, never try to bribe the custom officers because if you are caught once you have to pay heavy fines and will be barred from further importing. To have clearance at custom duty you will need to have each and every paper like letter of credit, certificate of origin, airway bill, inspection report, packing list, etc. After a long procedure your products will be imported from abroad. If the above stated techniques and tips are followed it's expected that you will not face any major problems. Still if you are new to wholesale business and eager to import then it's a good advice to hire an import and export professional. These men are expert in these issues and you only have to pay them their dues and rest is upon them.