Import From China Business
A practical guide for starting a small business
2010-
Import from China
Sell on eBay
Sandra Kell
Ontario, Canada
Baby Products
Profit This Year: $10,400
“I started with $1,000 and began importing baby products from China. I sell them on eBay, Facebook and in my local stores. After 8 months, I am earning $400 a week. I finally quit my day job!”
Learn How
Price Import
When is the “Price is Right”?
Many import businesses are distributors or resellers of imported goods from China. You just imported some real nice vases but you are wondering how to price them to sell? Here is a simple guide to price import.
The Components of Price Import
Here are the inputs to pricing your import goods that you need to keep track of in order to come up with an appropriate price:
- Wholesale cost -
how much did you pay for the vases? - Handling Cost -
how much did it cost to to import the goods into the country including shipping costs, broker fees etc. - Overhead -
a portion of the cost to run your business - Profit -
keep this reasonable based on market conditions, competition and the willingness of the consumer to pay.
|
Item |
Cost ($) |
|
Manufacturer's Cost - |
$6,000 |
|
Customs Broker’s Fee |
$200 |
|
Freight From Factory To Port |
$500 |
|
Ocean Freight From China |
$1,000 |
|
Marine Insurance |
$500 |
|
Import Duties
|
$300 |
|
Total Cost |
$8,500 |
|
# of Vasees |
100 |
|
Cost Per Vase |
$85 |
|
Mark Up |
100% |
|
Price Per Vase |
$170 |
Price Import -
Below is an example of calculating the cost associated with importing 100 vases from China. When all the costs are added together, it cost us $8,500 to bring in the goods into the country.
Take $8,500 divided by 100 vases, you end up with $85 per vase as the unit cost.
Using a mark Up of 100% (double the cost), the vase should to be sold at $170 each.
