Home – New Forums Logistics Starting an import business.. tips? Reply To: Starting an import business.. tips?

#1116804
Melanie Miller Biz Coach
Member
  • Total posts: 90
Up
0
::

I dealt with importing for a few years. Tricky business!

Cash flow will be your biggest killer. Many offshore companies will expect 50% on order and the remaining 50% before the container leaves the dock. Also, don’t expect what you receive to be the same as the samples you were shown.

Time on the water for the container can vary greatly. Anywhere from 25 days through to 12 weeks depending on weather conditions, dock issues at either end, container ships being sent somewhere else! Tornados hitting (happens more than you might think).

All of this can put a massive dent in cash!

Another tip, watch what the AU and US dollar are doing. Any drastic change can turn a profitable product into a non profitable one overnight!

Hope that helps!

Melanie
http://www.melaniemiller.net.au