Want to Be a Direct Importer
Here’s a primer to help you answer that question
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Phil Minix
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Takeaway tip: Build an allowance into your original price to account for potential defective merchandise or liquidation, especially if the individual unit cost is high.
And due to the long lead times of sourcing overseas goods, buy a higher percentage of your forecasted sales — maybe even more than 100 percent. You won’t be able to get items quickly back into stock, and no doubt you’ll want to avoid backorders, especially for seasonal or fashionable products.
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Phil Minix
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