Importing Business workers especially those acting as agents are perceived as requiring
little effort. They have small dingy offices and they carry no inventory. Nothing
is farther from the truth. Starting an Importing Business is hard work but it can
be gratifying. Apart from hard work, what are other traits of a successful import
business? Here are some Import Tips to a prosperous importing business venture.
The key to a successful import business is to identify Trade Leads and Find a Supplier
and evaluate its potential. Drop Ship Wholesalers can make a world of difference
by removing your need to carry inventory. Make sure that you understand the supplier’s
business fully and that Child Labor is not utilized. Another important part of starting
an import business is to acquire some International Bank Services and determine How
to Sell Products. If you run into issues or need customs advice, you may want to
consider the services of a Customs Attorney.
Importing business is often considered easier than the exporting side. The selling
aspect of any small business is usually the hardest. With importing, you are selling
in your own country which you are familiar with. With exporting, you'll be trying
to selling in a foreign country. Its customs, language and culture are often different
than yours. It is no wonder that in the United States, there are many more small
scale importers than exporters.
In order to have a successful importing business in
the United States or in any Western nation, you'll need to clearly understand the
import process for your country. There are forms and regulations to become familiar
Even though you are planning to import and not exporting from China, you will still
need to have a basic understanding of how to Export from China. Although this will
be the responsibility of the supplier, it would be advantageous for you to know what
your export counterpart must go through to get you the goods to import into the United
States, Canada or any other country.
The Successful Import From China Entrepreneur
United States - Steps to Import to USA from China
Where does one begin to to start an Importing Business? The world of international
business can be overwhelming.
To Start an Import Business whether in the U.S. or in any other country in the world,
you first must decide your target (For whom you will importing your goods), the target’s
needs (what issues or problems that they desire to overcome), and the goods (what
products will you import from China to help meet those needs).
You must clearly understand the product requirements. This is important not only
from meeting your customer’s needs but you will need to communicate the product specifications
to your potential supplier in China.
Then you must get an overview of How to Import Products.
Learn the detailed process for Import to USA. It starts with deciding on your port
Next, you need to determine the legality and tariff or duty value of your imported
goods from China in a process called examination and valuation.There will be Trade
Regulations affecting your class of goods.
After the value is determined, the percentage of tax that will be charged to the
value of your imported goods from China is decided in a process called classification.
Finally, the payment and liquidation step involves you paying the tariff amount to
government officials to take possession of the imported goods. Sometimes you can
receive a tariff refund.
Steps to Importing to Canada from China
Importing Business - United States
Importing Business - Canada
On the surface Canada and the United States appear to be very similar countries.
However, upon closer examination, they are both very different and unique countries
in their cultures and business practices. This is especially true when it comes to
Importing to Canada.
All three levels of government (federal, provincial, and municipal) regulate commerce
and industry in Canada. The government’s departments which deal with international
The Department of Foreign Affairs and International Trade and Industry Canada- administer
the Investment Canada Act for controlling foreign investment.
Revenue Canada, Customs and Excise - assigns and collects duties on imported goods.
Canadian International Trade Tribunal - investigates improper trade practices.
When two of the world’s most populated nations decide to trade with one another,
it is a significant opportunity. China and India being neighbors provide the perfect
opportunity for someone interested in importing goods from China to India.
Various government regulations should become familiarized as it outlines what you
can or cannot import and the exact process to follow.
Foreign Trade Act of 1992 which controls India’s exports and imports trade. Its
goal is to facilitate imports into and exports out of India.
These rules and regulations were further simplified by the EXIM Policy of 2002-2007.
Starting an Importing business by importing from China is a great opportunity for
import entrepreneurs around the world. China, as the most populous nation and the
#2 GDP producer in the world has the resources and the products to fulfill almost
every niche and every geography. The China Economy certainly has been booming for
Whether you want to start an import from China importing business in the United States,
Canada, or India, China as the exporting country has the supplies and the suppliers
to make your business successful.
While the actual process of getting imported goods from China into a country varies
slightly from one nation to another, they all have these common themes:
Goods are brought into a country at a customs port. Various documents are required
at this point.
A customs officer exams the goods, and duties are assigned based on the type of
Duties are paid, and the importer takes possession of the goods.
The Import from China Importing Business
Shashi K. - Import from China to India
“I want to do business with China but I did not know how to receive the goods. Thanks
to your website. I am now a successful importer working out of Mumbai.”