1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Anyone here into the Import/Export business?

Discussion in 'BlackHat Lounge' started by GSanders12, Aug 23, 2012.

  1. GSanders12

    GSanders12 Registered Member

    Jul 31, 2012
    Likes Received:
    I'm interested in starting this kind of a business with a friend. Do any of you have any tips or experience in this certain business?
  2. JimmyWong

    JimmyWong Registered Member

    Feb 24, 2012
    Likes Received:

    I import from the US and containers from China. More China these days due to the £/$ xe and so on.

    - Find honest suppliers - treat them with respect. Meet them if possible.
    - Find a good and reliable freight forwarder. Shouldn't be hard - ask around on business forums.
    - Make allowance for tax. Know your customs inside out. One day they might seize your stuff if they think you've not been declaring true value.
    - Don't give your customers the benefit of the doubt, or credit, unless you can afford to. Be ruthless.

    From my experience and this doesn't apply to everyone: female business owners often change their mind at the last minute and don't like saying "no". So expect to setup a deal, then the communication channels to go dead.

    Ah, and the last one. Don't bother with dreamers unless you're sure they mean business. I tested the water here, and 90% are just a waste of time. User: TimHibbins I mean you! :rolleyes:
    • Thanks Thanks x 1
    Last edited: Aug 23, 2012