If you are planning to start your own import business, then you need to consider certain things to ensure your business’ profitability in the long run. Although it is true that the import sector is increasingly thriving these days, it should not be mistaken that venturing into this kind of business is an “easy money” in any way.
In order to maximize the potential of the growing international trade today, an importer must ascertain one important aspect of his/her business – and that is sourcing the goods he plans to sell for his/her target market.
How you source goods are will serve as the foundation for your business. When done right, it can result in significant cost-savings and higher profits in the long run. So, to help you out, here are the key main points from the infographic below from Excelsior Philippines, which details the six steps to follow to successfully source goods for your import business.
