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Tuesday, August 29, 2017

Key Tips For Cross Border Shopping

By Elizabeth Hamilton


Importing goods and services from another country is an excellent way of reducing the cost of doing business and maximizing your profits. In addition, you will build good international networks that will be suitable for the growth of your business. Go through the below tips for cross border shopping and you will be good to go.

Ask for help. Whenever you have a problem or in a dilemma, the first people to consult are your close associates. Moreover, since they have your best interest at heart, they will never lead you astray. As a result, talk to your close friends and relatives to help you identify the best malls in your target country.

Look out for special incentives. One of the best ways of reducing the cost of doing business is through giving special incentives. For this reason, you should look out for inducements such as discounts, free transportation services, insurance cover for goods on transit and guarantee. These, are special treatments that a professional service provider would not deny his clients.

Choose tax-free countries. Countries do enter into bilateral trade agreements that help in easing the process and cost of doing business. As a result, you should choose friendly countries that are in the same economic bloc as yours or have special trading arrangements. Consequently, you will not have to pay taxes and other charges involved in importation.

Ensure there is a contract for the transaction. Business deals can get messy at times and you should take precautions. For this reason, if you will be buying goods in bulk for resale, then you should demand a contract for all the transactions you make. Additionally, you should engage the services of a lawyer to ensure that you understand all the clauses.

Buy goods from affordable sources. The main aim of engaging in business is to maximize profits. Therefore, ensure that the goods you purchase are cheap and you can later sale them for huge profits. Similarly, you may request for a discount when you buy goods in large quantities. Consequently, you will make good returns.

Explore internet shopping. Many people are turning to internet shopping because it does not involve a lot of movement and the goods are cheap. For this reason, identify some few sites that offer reliable importation services at affordable rates. Remember to confirm if the potential site has ever been flagged or blacklisted for conning clients.

Carry out an extensive investigation on shopping. Exercising precaution before engaging the services of any service provider is a wise move. As a result, after identifying a few malls to shop from, do some research on them and confirm the quality of service they offer. Talk to clients they serve and get their views, if the replies are positive, then make purchases.

Carry the required documents during the trip. Cross border purchasing of goods involves a lot of documentation which you should be aware of. As a result, visit the embassy of your prospective country of choice and inquire about the documents that will be needed. After that, you can begin processing them early to avoid any delays.




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