How to Import Any Product in 7 Simple Steps

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 subject that’s well worth learning about.

If you want to gain a competitive advantage over your competition, importing is definitely the way to go. Through not having to purchase through a local wholesaler (who is importing the products themselves, then adding their mark up) you’ll dramatically increase your profit margins plus have access to a much larger range of products overseas.

Other bonuses include:

  1. Lower product costs in many overseas countries. Due to much cheaper labour costs in many Asian countries, their manufacturing costs are less than for an Australian manufacturer.
  2. Obtaining a premium quality item not available anywhere else in the world – eg. Japan has a good reputation for supplying quality electronics, & Italy makes fine leather handbags.

It’s really not that difficult to start your own profitable importing business. Don’t let a fear of the unknown put you off (like I did at first), just bite the bullet and get started!

Step #1 – Research a Potential Niche

Skip this step, and you risk importing products that you can’t sell! Something I’m sure you don’t want to do. Before you do anything, take the time to research your market to find out things like if there’s enough customer demand for your products & learn who your competition is.

Step #2 – Find A Reputable Supplier

Overseas suppliers can be sourced online or through contacts in local trade organisations. Whatever you do though, make sure you do some background checks on any potential supplier first to make sure they really are who they say! Most overseas companies are genuine, but unfortunately there are some scammers there too.

Step #3 – Are There Any Special Regulations For Your Goods?

Australian Customs do place some restrictions on the importation of certain products into the country. While most general products aren’t restricted it’s a very good idea to check with Customs first. It’s much easier to find out beforehand than once your goods have already landed and Customs have contacted you with a problem!

Step #4 – Arrange For Freight to Australia

The 4 freight methods you can choose from are sea freight, air freight, the postal system or international courier. There are pros and cons for each method so it really just boils down to whatever will work best for your particular shipment.

A reputable international freight company should be able to advise you on what is the most cost efficient freight option for your goods.

Step #5 – Organise Payment For Your Products

If you haven’t already received one, ask for an invoice from your supplier, & organise payment through your bank as soon as you’re ready. Pay for you goods using a secure payment method – not cash in advance.

Step #6 – Customs Clearance

Once your goods arrive in Australia, Customs will require you to fill in an import declaration form so they can clear your products. There’ll also be some stamp duty and taxes to pay before they’ll release your goods to you.

Step #7 – Sell Your Goods For An Impressive Profit & Repeat the Process Again!

Importing may seem to be a very daunting 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!