Whether you’re just starting out or want to grow your established Brisbane business, importing goods can be an exciting and lucrative venture. However, before you dive in and get started, you need to be confident that importing is going to be a smart business decision. As customs brokers Brisbane, we’re here to share some of the things you need to consider before you go ahead and start importing.
Is there a market for your import?
It’s easy to get excited about the prospect of importing new and exciting goods but you need to be sure that there’s a market for your import in Australia. Consider which demographic would be interested and whether there is a gap in the market. If so, take a look at other similar businesses so you can identify what sort of competition you’d be facing. If research reveals that many other businesses are providing the same product, see if there’s a smaller niche you can break into. The bottom line is that there has to be a market for your import for it to be a viable financial decision.
Is your import restricted?
Australia are strict with their import restrictions and there are a number of goods that you’ll need to obtain written permissions for you to bring them into the country or you face serious penalties. To avoid inadvertently importing restricted items, make sure you confirm that your import isn’t on the restricted list.
How much is it going to cost to import?
Even if you’ve found a supplier who can provide goods at a reasonable price, remember that there are addition costs you’ll need to consider when importing including customs duty, tariffs, insurance and GST. There may also be additional costs if you need to pay for separate storage for your import. In some cases, you may discover that your import simply isn’t worth it financially.
Do you have a supplier?
If you’ve found a product overseas that you want to import into Australia, you need to find yourself a reliable supplier to make sure the process runs smoothly. You need to ensure reliability to ensure a regular supply, a fair price so your import is worth it financially and someone with a knowledge of the correct packing and labelling requirements.
Have you spoken to a customs broker?
The world of importing can be complicated and there are numerous procedures that need to be adhered to each time you’re expecting a shipment. This can be time consuming and downright confusing at times – not what you need when you’re running a business! To make life easier, speak to a customs broker and discuss your plans so they can give you guidance.
Australian Postal Brokers are one of Australia’s largest and most trusted networks of customs broker in Australia. When it comes to customs clearance, we can deal directly with customs on your behalf to ensure quick and hassle free clearance. We also apply the correct concessions to ensure that you pay the least amount of duty possible.
If you need the services of a customs broker, Brisbane business owners can contact Australian Postal Brokers today on 1300 096 268.