What terminology do Amazon Sellers need to know when importing inventory?
Many Amazon sellers have found success in importing inventory – whether to resell “as is” or to private label under their own brand. While it can be fun and exciting to know your shipment is on the way from China (or wherever you are importing from,) it’s not as simple as going online, placing an order, and waiting for sales to roll in. (If only!)
Are you familiar with Incoterms, the Harmonized Tariff Schedule, or what a Customs Broker actually does? If not, this guide should help you as you are considering importing or plan to grow your import business.