Anyone here in the grey market?

[Chrono4001]

Certainly the grey market is one of the best ways to go into the fastlane correct? In my home country some brand named shoes such as Nike, Reebok and Adidas are worth 3-5 times what they are worth here in the United States, and yet despite their overinflated price people still flock to major cities to buy these shoes especially during the holidays. It is not even with shoes but many articles of clothing, electronic devices and video games. If these items were to be bought at wholesale in the states in bulk and sold in my country at retail value the profit margin would be enormous, for a single pair of shoes the profit would be at about $300 dollars which in turn would give me the ability to sell them cheaper then the retail competitors thus increasing customers and generating more business in the end.


Is there anything at all I missed on this proposal above or any problems whatsoever? Thanks.

 

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[TC2]

Which country are you from?

Yes. It's possible to make great profit from importing to other country, but the cost of shipping, and many other things may also eat up the profit.

 

[Chrono4001]

Which country are you from?

Yes. It's possible to make great profit from importing to other country, but the cost of shipping, and many other things may also eat up the profit.

Well its in South America, and shipping along with any other payments is something I am currently investigating. If I were to buy products from say... Nike directly from one of their factories in China would shipping costs not be similar to that if they were to arrive in the US?

 

[Analyzer]

The issue is normally has to do with import quotas and taxes.

Prices are more expensive for a reason, normally to protect local producers. Check out how much you would have to pay in import taxes or what limitations you would have.

 

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[TC2]

From what I can see, your best chance is to export from China and import to your country.

You should pay a visit to the city that produce the products in China. You will know how other people export cloth, shoes and day to day living items from China to other countries. It's amazing how much stuff were sold in one day.

However, those name brand items are usually not sold directly in China. So you will end up finding counterfeit or after market products to buy. If those name brand items are allowed to be sold in China, they are likely more expensive than in US.

So you may want to become the wholeseller or the distributer of certain name brand products in your country, which is more fastlane and more profitable.

 

[Chrono4001]

From what I can see, your best chance is to export from China and import to your country.

You should pay a visit to the city that produce the products in China. You will know how other people export cloth, shoes and day to day living items from China to other countries. It's amazing how much stuff were sold in one day.

However, those name brand items are usually not sold directly in China. So you will end up finding counterfeit or after market products to buy. If those name brand items are allowed to be sold in China, they are likely more expensive than in US.

So you may want to become the wholeseller or the distributer of certain name brand products in your country, which is more fastlane and more profitable.

So instead of cutting out the middle man, I become the middle man then right? But through that route will I not then need to pay the taxes that I would of went around had I bought the products from a Chinese distributor?

 

[TC2]

I am not sure about the tax or custom fee.

The point of being a wholeseller or licensed distributor is to have less competitors and you have the best profit margin.

It's not going to be easy, but that's how thousands people from all over the world that carry load and load cloth at manufacture and ship to their countries.

It's very easy to get non-branded items from China (same quality product without the LOGO). To get the name branded items, you need to work on it. As long as you can sell, you can bargain the company to offer you great wholesale price.

 

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[Chrono4001]

I am not sure about the tax or custom fee.

The point of being a wholeseller or licensed distributor is to have less competitors and you have the best profit margin.

It's not going to be easy, but that's how thousands people from all over the world that carry load and load cloth at manufacture and ship to their countries.

It's very easy to get non-branded items from China (same quality product without the LOGO). To get the name branded items, you need to work on it. As long as you can sell, you can bargain the company to offer you great wholesale price.

Hmm, actually from what I have read if I become a US distributor who sends items to my home country its very much possible I will have to deal with US taxes and not that of my home country. I'll investigate further thanks for the suggestion. :smxA:

 

[WestCoast]

when we imported stuff to certain places in South America, the duty was in some cases 100%.

It's a protectionist tactic that is highly effective, check with a customs broker before you go wild Mr. Chrono.

 

[Chrono4001]

when we imported stuff to certain places in South America, the duty was in some cases 100%.

It's a protectionist tactic that is highly effective, check with a customs broker before you go wild Mr. Chrono.

What do you mean?

Also... Would it actually be possible to become a US distributor and pay a US distributor fee while having a store in a foreign country?

 

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[TheSeaKing]

The key issue here chrono is that the product has to be transported. When it's in transit, crossing the boarder. . . What paperwork are they going to want to see. Paperwork showing the taxes payed to america, or paperwork showing the taxes paid to south america. A 'protectionist policy' is a government policy which is designed to ensure jobs and money stay local rather then products being imported (from china) and money being sent out of the country (to you living in america).