The Small Business Specialists
Phone: 13 12 49
Importing can be an excellent strategy for expanding your business. It can help you reach new domestic markets, offer new products and reduce manufacturing and component costs. However a good import business doesn't happen without planning and research.
This section will explain the top four tips to get you started in importing.
Before you launch into importing the first thing you need to do is analyse its feasibility and start planning. This includes:
Depending on your product there is a range of licences you need to get, and government agencies to talk to. These could include Australian Quarantine and Inspection Services, Australian Customs and the Therapeutic Goods Administration .
You should also check with Standards Australia to ensure that the product you are importing meets Australian standards and can be sold and used in Australia.
For more information go to the Business Licence and Information Service.
It's crucial that you determine the viability of importing before you get started. Will the price you ask for your goods cover all of the costs involved with importing?
There are many additional costs involved in importing. These include, but are not limited to, the exporter's selling price, clearing charges, transport costs, customs duty, port charges, insurance, fumigation charges and bank charges.
For more information about costing and pricing view the Business Guide: Price Strategy
You should understand the fees, charges and service you are receiving because these terms and conditions may increase the exporter's selling price. Most reputable traders will use Incoterms which are set by the International Chamber of Commerce. Some of the most common trading terms include: