So you’re looking into learning how to import to Australia? Importing is a great business to get into and can also be very lucrative so it’s a topic that’s well worth learning about.
Importing items from abroad for your business will give you the market advantage over your competition. Not just will you obtain access to a much larger variety of products, but you’ll more than likely improve your profit margins by cutting out the middleman (the Australian wholesaler).
Other bonuses include:
Lower product costs in a lot of overseas countries. Due to much cheaper labour costs in a lot of Asian countries, their manufacturing overheads are less than for an Australian manufacturer.
2. Obtaining a higher quality product. For example, the finest leather fashion shoes come from Europe, while Italy makes first quality leather handbags.
The more you learn, the more you’ll discover that importing is actually a rather easy process. Don’t let yourself be put off by what might seem like an incredibly complex task – purchasing products from several thousand kilometres away. With just a little bit of education, anybody can do it!
How to Import to Australia
Step #1 – Identify Your Market
This is an essential step in planning any new business. Without carefully researching your market beforehand, you run the risk of your business failing before it even starts. Some of the questions you need to ask are, is there a demand for the products? How much competition is there?
Step #2 – Find Your Supplier
There are literally millions of prospective overseas suppliers – manufacturers, wholesalers, trading agents – that would love to sell to you. You need to sort through them all & locate those that can offer the best deals on a good quality product and can supply the product on time when you need it.
Step #3 – Are There Any Particular Rules For Your Goods?
Most products can just be imported to Australia without any special permissions. However, some products like tobacco & alcohol do require express permission to bring in so make sure you check with Australian Customs in advance to make sure your goods are alright.
Step #4 – Choose Your Preferred Freight Method
You have 4 main choices to bring your product to Australia – worldwide courier, the postal system, air freight or sea freight. While sea freight is definitely the cheapest method of freight on a per kg basis, it’s not always suited to the product you need to bring in & other methods like air cargo could end up working out cheaper for you. It’s simply a matter of doing your sums and working out the best option by weighing up the cost factor and how quickly you want your product (air freight is faster).
Step #5 – Pay For Your Merchandise
When your supplier has given you an invoice for your purchase, organise to make payment by means of a safe payment method as soon as possible.
Step #6 – Get Your Imported Products Through Customs
Fill out the required paperwork for Customs so they can clear your goods promptly. You’ll also need to pay any applicable taxes and stamp duty.
Step #7 – Begin Selling Your Merchandise & Enjoying the Profits!
Importing may appear to be a very overwhelming process, but in reality, it’s actually quite simple and you definitely don’t need a big budget to get started (I started with less than $500). With a bit of insider knowledge and some basic research anyone can start importing to Australia, no matter who you are!
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