6 Common Mistakes Importers Make and How To Avoid These

SIX COMMON MISTAKES IMPORTERS MAKE & HOW TO AVOID THEM www.dgftguru.com

Common Mistakes Importers International trade can be complicated and require many steps. These obstacles can be difficult to spot early so it will be easier for you to manage your business.

It is possible to avoid mistakes, but many importers made costly mistakes and need serious assistance to correct them. Even though they are usually avoidable, mistakes can prove costly for businesses. This article will address the most common importer mistakes and what you can do about them.

Poor Business Plan/Poor Product Choice This is as important as error 1. Don't assume that because you like the product or it is priced right, it will sell.

It is best to have a market or distribution system in place for complementary products.

Undercapitalization Importing can be costly. You will need a lot of money to make any profit. Before you can take possession of the goods, you must pay all applicable duties. In most cases, you will also need to pay freight fees.

Importers make common mistakes, but that is only a part of the problem. Every shipment is unique and every import and export process changes constantly. To protect your cargo, always seek professional DGFT Consultant's advice from freight forwarders.

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