There’s a steep learning curve when getting into importation and exportation in the United States. Figuring out how the process works can be time-consuming and expensive and it may seem like there aren’t any ways to save time or money. We’ve put together this list of the best ways to use less of your resources when importing so that you can increase your bottom line and spend more time on growing your business. Keep reading to learn more about how to save money while importing into the United States.
1. Shop Around
Although this will take an initial investment of time, following this step could save you thousands of dollars in the long run. Whether you’re buying an existing product or manufacturing a new one, check with several companies to make sure you’re getting the best price.
2. Order in Bulk
This is a well-known trick, so we won’t go into too many details. Simply buy as many products as you can afford and store at a time. You’ll spend less on transportation, pay less per unit, and save time by ordering less frequently.
3. Purchase Close to Home
Another way to save on transportation costs is to use a company that’s closer to the United States. While products may cost less individually when purchased from China, you may save enough on shipping when working with Mexico or Latin American countries for it to be worth paying more per product.
4. Focus on Color Variety
This tip is especially helpful when you’re manufacturing a product. In most cases, you’ll only need to spend money once on the initial product creation process. From there, you can get it in different colors. For example, if you have a shirt design made, you can have the same design printed on several different shirt colors. It will cost you the same per shirt, but you’ll have a wider variety to offer your customers. This will save you money compared to offering different designs on the same shirt color.
5. Make Payment Arrangements
Although this may not save you money overall, it can make it easier to jump into the importation business. Talk to the supplier and see if they’re willing to allow you to pay within a certain period after receiving the goods. This will give you time to sell your products or distribute them to stores so you can make some money before having to pay in full. Not all suppliers will agree to this, but it doesn’t hurt to ask.
6. DIY Import Forms
By far, the best way you can save both time and money while importing products into the US is to do your importation forms by yourself. There are numerous companies that charge you significant amounts of money to fill these out for you, but it’s not necessary. Now you can quickly and easily fill out importation forms to ensure your company is doing everything by the books and clear your goods in the most efficient way.
Ready to Start Importing into the United States?
Now you know several ways you can save time and money when importing into the United States. As you can see, the easiest way to do both is to file your own forms. If you’re ready to get started, register today! You can have your first form filled out in minutes, and future forms will only take you a few seconds.