Good question, but to a certain extent it’s a bit like asking how long’s a piece of string! Yes, there can be a LOT of money in importing products from overseas for resale in Australia, but only if you choose the right product and are selling in the right market!
So what’s the right product?
The right product can be just about anything that you can buy cheap enough overseas & resell at a high enough profit margin here in Australia.
There’s no particular products that are better than others or will necessarily give you more profits.
It also comes down to the right market as well…
…you could import some products from overseas and sell them in an online auction environment like eBay and struggle to cover your costs because the market is just too saturated. Sell them on your own website however and you may well be able to make 100% to 200% profit.
So how can you identify good products to import to Australia? Continue reading “Is There Much Money in Importing Products From Overseas to Resell?” »
Grey importing is something that a lot of small online retailers have been doing for years, to beat the stringent requirements & pricing set down by the Australian distributors and wholesalers of many brand name products. Now, some of the big guys are starting to join in & the media’s starting to ask some questions!
If you’ve ever tried to source any of the popular, branded products – like Canon, Sony, Adidas, Nike etc. – from Australian suppliers, you’ve probably learnt just how difficult the process can be. Not only do they tend to be extremely fussy about who they’ll sell to – you need to meet certain business standards – but their prices are often not that much different from what you’ll find in many online retail stores!
So how are these online stores getting hold of their stock so cheap you ask?
Through grey importing.
What exactly is grey importing?
It’s importing goods to Australia through distribution channels which are legal, but unofficial or unauthorised by the original manufacturer. Continue reading “Grey Imports – A Way Around Exorbitant Australian Prices?” »
