Overview of domestic costs of import business, expected profits and domestic and foreign exhibitions

Detailed explanation of domestic fees for import business

In import business, importers have to bear various domestic charges, and the specific charges depend on different transaction conditions. These fees usually include order replacement fees, unloading fees, barge fees, terminal construction fees, container yard fees, etc. In addition, inspection fees, unpacking fees, tally fees for imported goods, as well as customs declaration and delivery fees, import agency fees when entrusting a customs broker, agency customs declaration fees, etc. are also essential parts. Other common fees include inland transportation fees, domestic warehousing fees, as well as trailer fees and container usage fees involved in containerized goods. Finally, the importer also needs to pay bank fees, such as issuance fees, postage and telecommunications fees, overseas remittance fees, etc.

Expected profit (gross profit from domestic sales)

Expected profit is an important part of the importer’s income. Generally, the gross profit margin of imported goods needs to reach 10% to 20%. Some industries may require higher gross profit margin to cover the company’s operating costs. Operating costs include personnel salary costs (including social security and provident fund), office expenses (rent), domestic marketing and promotion expenses, channel construction expenses, warehousing expenses, and secondary packaging, processing, logistics and other expenses. The calculation formula for the total cost of imported goods is as follows: Total cost of imported goods = CIF price of imported goods + import taxes + domestic import charges + expected profit. Among them, import taxes = import duties + consumption tax (some goods) + import value-added tax. By accounting for total costs, importers can better predict import profits and losses and provide data support for subsequent decisions.

Overview of international exhibitions at home and abroad

Overseas exhibitions

International exhibitions are usually organized by professional exhibition organizations. For example, Messe Munich in Germany holds nearly 40 expos around the world every year, covering multiple fields such as capital goods, high technology and consumer goods. Las Vegas in the United States is not only a famous gambling city, but also an important gathering place for global exhibitions. The International Consumer Electronics Show (CES), Auto Parts Show (SEMA), Fashion Show (Magic), and International Exhibition are held here every year. The Hardware & Garden Supplies Show (NHS) is among the top 100 trade shows in the world. Companies participating in these exhibitions usually need to register by searching the official website of the exhibition and contacting the organizing committee directly.

Domestic exhibition

Domestic international exhibitions also play an important role. The Canton Fair (China Import and Export Fair), as the oldest and largest comprehensive international trade event in China, is held in Guangzhou every spring and autumn. In addition, the Yiwu Expo in Zhejiang Province is popular because of its relatively low entry threshold, especially for start-up companies. China Zhejiang Business Services Trade Fair (Zhejiang Fair) is the first professional exhibition in Zhejiang Province that focuses on business services, aiming to provide enterprises with a full range of services and support.

Whether they are domestic or overseas international exhibitions, they provide companies with a platform to display their products and services. They are also an important way to understand market dynamics and expand business networks. By participating in these exhibitions, companies can not only increase brand awareness, but also obtain potential customer resources, thereby promoting business growth.