Import
October 4, 2008
Import Special
Tips on Import-Export Dealings For Agents!
By Kirthy S
If you are aspiring to be an import export agent, drive home one fact, that it’s a lucrative profession. Across the world, there have been great success stories about import export business. At the same time, some have faced defeat as well. However, the failure stories get concealed quite often.
Many people actively participate in trading or work as agents to major exporters and importers. It is all based on the products that are dealing with, your financial ability and the country you are trading with etc.
How different are the marketing strategies from export business?
It is often said that, the strategies of marketing involved in local marketing is not very different from the export market. Every country perceives products differently and hence makes use of different marketing strategies. It is usually the distributors who take care of the type of marketing strategy that is employed.
If you are trading with other countries, learn about its license requirements if any. Some countries have no license requirements for particular products. Certain high risk products like chemicals, liquor, medicines, arms, articles etc may demand a license. However, products like consumer goods are of low risk and can be traded well without any risk. Trade products with no barriers and is simple.
Ensure for the smooth running of the distribution and production channels. Look at your stock positioning, brand positioning too. Stock positioning is nothing but moving the stocks from a country which has it in excess to a country where there is a scarcity. Where there is a demand for the product moving it there makes more sense. Save out on money too! Create a domain of your own, to promote the products.
You as an import export agent is not known by all. Before you take a plunge on your import export business set your marketing strategies rightly. Ensure that your products are of good quality. Follow up with good quality control measures. Promote your products well, as you are not well known in the market yet. Build up enough credibility for your product. Choose the right medium for advertising your products. Get a search engine friendly website, build up your web pages with sufficient search engine optimisation done to your site, off page optimisation is also important to gain traffic from other sites too, thus boosts up the ranking of your site and you gain visibility. For more tips on import export, search online.
Kirthy Shetty, Platinum author
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How to work out import duty charges UK
September 3, 2008
How to work out import duty charges
You will find that import duty is worked by a number of factors, these being the type of goods, country of origin and their value.
If you need details about VAT rates I advise you HM revenue and Customs on 01702 366077 this will put you through direct to their tariff classification service department. If the goods have come from inside the European Union (EU), no duty will be payable by yourself, Unless the items are tobacco or alchohol as these will be charged even within the (EU).
If the items you are importing originate outside of the European Union and duty has been paid on them in another EU country before being delivered to you, once again you will have to pay no duty charges.
If you find that the goods you are importing have not paid any duty in any other EU country and the goods have come from outside the EU you will need to pay duty. If you find yourself in this situation you will need to calculate the value of the goods there 6 ways to do this. If you find method 1 does not work the move onto the 2nd and if no joy the 3rd method and so on. The HMRC will show you how to calculate duty at this link HMRC WEBSITE DUTY HELP .
Please remember duty cannot be reclaimed unlike Value Added Tax . So even if you are a registered company that is VAT registered in the UK you still cannot reclaim the VAT element.
Keep an eye out for my helpful articles about importing to the UK and the best of luck with your website please visit our winshport website often to establish good advice from our resident import expert Matt Cromie.