Importing jewelry: discover 4 risks for your business!

forum244

With the ease of creating businesses brought by the internet, many retail companies are able to sell their products without even maintaining a physical store. In this context, jewelry stores, for example, have preferred to import jewelry to resell them and reduce the costs of their operations. However, this activity poses some risks to the enterprise that need to be taken into account. After all, ignoring the dangers of importing goods without the slightest planning can harm the company as a whole. Check out more below!

1. Not knowing the supplier’s reputation
This is the first risk of choosing to import jewelry. Although it may popular database be tempting to purchase a large quantity of products at a lower price, it is essential that you study the supplier's reputation before making the purchase. However, as we are talking about unknown companies in Brazil, researching their history in the market they are in can be a complicated task. Furthermore, quality standards vary depending on the country of origin. So, not even good reviews will guarantee the purchase of quality merchandise.

2. Face possible exchange rate variations
Another risk of importing jewelry to cut costs is exchange rate fluctuations. Economic complexities cause foreign currencies to fluctuate greatly in value in relation to the Brazilian real. Furthermore, when these fluctuations are combined with an unstable economic scenario, importing becomes even more risky. Your purchase will be vulnerable to unpredictable changes, such as a sudden increase in prices, causing losses to your business budget.


3. Dealing with taxes
In addition to exchange rate fluctuations, imported merchandise will also be subject to fees. And, contrary to what many believe, there is more than one fee charged by the IRS. In short, they are:

ICMS (Tax on Circulation of Goods and Services): tax charged on any merchandise that crosses municipal, state and national borders;
IPI (Tax on Industrialized Products ): tax applied to products that are not manufactured by hand or by hand. In the case of imported items, this fee is charged on top of the value of the merchandise plus taxation taxes;
II (Tax on Importation of Foreign Products): any product that comes from outside the country is taxed with this tax.
4. There are chances of shipping without tracking
Another danger of importing jewelry for resale is closing a deal and, only later, discovering that the merchandise was not being transported with tracking. Very cheap products are often sold under these conditions, as such companies have chosen to save on shipping fees. In this case, you will not be able to track the delivery of your order, much less know if it has actually been sent. These were the main risks of importing jewelry for resale. The best alternative to reducing your business costs is to establish lasting partnerships with credible Brazilian suppliers in the market. This way, you are guaranteed to purchase excellent products and still get good negotiation conditions. Did you like our tips? Then subscribe to our newsletterto receive other cool materials like this in your inbox.