This chapter covers how to research for a product that will be profitable for you. Irrespective of whether you sell on Amazon or not, it provides many great opportunities for product and market analysis.
Your first step is finding a product niche. But, first ensure there are no barriers to importing your product. Potential barriers include not complying with US safety standards, customs duties that will make importing unprofitable, and restrictions to shipping the product by plane.
Finding the right product is more than just profits. This chapter walks you through the customs ricks of sourcing and some guidelines to help source products in compliance with common regulatory requirements.
As the importer of record, ultimate responsibility for accurate classification and customs declaration lies with, well, you. This chapter provides a brief overview of important things to look out for, like intellectual property, classification, and the basics of navigating customs
Import tax rates to the US range from 0%-18%, which can play a huge role in sourcing and importing the right product. This chapter walks you through the basics of estimating duties, as well as common mistakes importers make.
If you’re making your own product, you’re probably doing it in one of two ways – either fully original product manufacturing or easier design changes, more commonly known as private labeling. This chapter walks you through the basics of OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) manufacturing.