Are you a new importer or exporter? Is exporting and importing a career of your dream? How long will you keep preparing? The time is now for you to become a successful person in mini-importation. Takes a firm decision, the risks in the importation of goods worth the gains. In as much you add these tips to your encyclopedia of business, you are smart for a better experience.
This blog is developed to widen your business horizon and to summed your already accumulated knowledge in the area of logistics operations. The gist from afar is so sweet and tempting one at that but with this, you’re good to go.
Exports and imports are necessary for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services. Nevertheless, countries impose trade barriers, such as tariffs and import quotas, in order to protect their domestic industries. No country has it all, we all depend on one another for survival.
Importation and exportation are a lucrative business that can easily make one, also, if adequate care is not taking it may be an ugly story to share.
Once you have made up your mind and mapped out a plan for what type of product you want to import and where best to get it, the following tips will serve as a guide in the importation process.
THE GOLDEN TIPS
Here are the six golden tips for your advantage to start enjoying blossoming exportation and importation business. Kindly study carefully;
Know the Government Regulations on what you intend shipping
Government is the body that rules over every territory, they dictate what comes in and what goes out. Everything is constituted to guide happening and operations in their territory. This is called Government policy and covers many things including businesses. It is wisdom to confirm what the law says about the choice of product you want to either imports or exports, to avoid unpleasant circumstances. It contains the legal issues in the industry plainly describing to details what is acceptable and not acceptable
Get a Trusted Supplier
A supplier is a vendor, or a seller, is an enterprise that contributes goods or services.
This is the major part of the consideration to becoming an importer/exporter because it dictates and controls the end results of coming into the operations. Whoever you partner with has the power to influence the future as he/she chooses. Select carefully and do a thorough background checking before trusting them. Product quality, price, availability, reliability and customer service are all important factors in identifying a good supplier. A solid reputation is a good indicator of this and the willingness to work with you to grow your business by selling more products to you is fantastic.
Get the Details of Your Goods including Documents
This is a step ahead; it is a very powerful instrumental to the success story. With your luck with great partners, the business may still not thrive if the components are not right. Prepare valid documents as related to your goods, research and gather full details of your goods. With this, you’re a hitch closer to making it happen greatly.
Get the weight and measurement of the goods
Yes, this is another vital ingredient that dictates the sweetness of this operation, study how to calculate both the actual and dimensional weight of your goods and know it well to avoiding cheating. This determines the cost/rate of your products and equally serves as a guardian to cost you label your goods.
There are three major formulas for calculating weight; which are (Actual, Dimensional and Billable Weight)
Actual Weight is exactly what the product weighs including packaging.
Dimensional Weight takes into account the length, width & height of the package that you are shipping. With different formulas, the “dimmed” weight can be calculated and if it is higher than the actual weight that will then become the “billable weight”. Learn how to calculate dimensional weight for our partnered couriers –
Billable Weight is defined as the greater of the two weights (actual vs. dimensional) and this will be used to calculate the shipping rate.
IATA International Air Transportation Association. The body that represents, leads and serves the airline Industry. It is a trade association of the world’s airlines with a major responsibility to serve and support Aviation with global standards for airlines safety, security, efficiency, and sustainability.
In order to establish selling fares and to perform interline invoicing and settlement, IATA Exchange Rates as published in 2010 is a Dimensional weight and it is the sole source to support interline billing and establish tariffs.
Find a Reliable Freight Forwarding Company to Help in Shipping
Since this is an international transaction, it is an inter-boarder business and by implication, you need a freight forwarder. A freight forwarder is the expert/professional with the capacity, ability, capable and responsive to shipping of goods from one country to another.
For this hunch, kindly note that Jelida Global Synergy Limited is a reputable logistics company with a rich corporate profile. It has been in operation for over nine years and her track record per operation is excellence. I, therefore, introduce to you, a capable and responsive freight forward in whom you enjoy perfect shipping experience for your consideration whenever you intend to ship from any country. Our coverage is over 80 countries.
Determine Payment Plan
Here is the final one. With all the golden tips above in place, if this is wrong, it will automatically downgrade the interest of the prospective customers. You must be profitable conscious and customer friendly to balance the market. Do not the too conscious of heavy profit at the beginning that will you only rush in and fade away like a wind.
I hope this blog quench your thirty and add to you? Jelida Global Synergy Limited is always concern to add qualitative value to your business and in exchange for your patronage for us to grow together. For more information, use the contacts beneath.
For advice, visit www.jelidaglobal.com
Send request to firstname.lastname@example.org or call +234 (0)8106394890
About the Blogger:Jelida Global Synergy Limited is a fully registered company with the Nigerian Corporate Affairs Commission- CAC, Nigerian Customs Service – NCS with an approved License to undertake customs clearing and freight forwarding operations on behalf of our local and foreign clients. Since 2018, we have been providing best practices, knowledge, and engagement to the entire freight forwarding industry aiming to be your preferred clearing and logistics partner of choice in Lagos, Nigeria.