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3 Ways to Import Goods into Australia Without Leaving Home

People often say that the best way to establish yourself in an international market is to take a trip. Meeting business partners in person and establishing a personal connection are frequently cited for their track-record in producing successful deals.

 

But, some small businesses don’t have this luxury. Cost plays a big part, but often business owners just don’t have the time to take a week-long business trip overseas. When you’re doing five people’s jobs at once, it’s hard to find time off.

 

Australia is one of the US’ favorite trading partners, and offers unique incentives for businesses working remotely. They realize that distance can hurt business endeavors, and the continent is hoping to make up for it by enticing business people to work with them anyway.

 

Australia is one of the US’ favorite trading partners, and offers unique incentives for businesses working remotely.

 

Here are the top three ways to get into the Australian market without stepping foot there. Whether you’re too busy or just really don’t like snakes, we’ll give you the info you need to succeed.

 
 

Online Trading

 

We don’t mean investment trading, though that could be a good idea too. Building an online business can be the most cost-effective and easiest way to trade internationally. Though your business may do this already, opening it up to an international market increases your customer base, and allows for global distribution of goods.

 

Doing importing and exporting through the internet allows businesses 24-hour access to international markets, avoids rental and labor fees, and can be accessed anywhere that the internet is available.

 

Australia promotes the creation of these types of businesses, and their relationship with the continent. The nation’s Department of Industry offers “Digital Business Kits” (DBKs) that provide industry-specific information to assist small to medium sized businesses. Sounds perfect, right?

 

Doing importing and exporting through the internet allows businesses 24-hour access to international markets

 

Well, there are some drawbacks to doing business online. The main issue being the IT knowledge necessary for creating and operating this type of business. If you can’t afford an expert to take care of these issues for you, you may need to invest in some training for yourself.

 

Without it, your business may be subject to both US and Australia-based cyber attacks that can cripple your operations.

 

The Australian government also offers resources for this type of training. But, this option may still be too expensive and time consuming. Sometimes, you need boots on the ground.

 
 

Distributors

 
australia-distributor
 

Distributors can help international businesses import goods, find partners, and sell goods in Australia on behalf of your business on the ground.

 

They act as independent contractors, buying goods from international businesses and selling them wholesale for retailers, buyers, or other importers. Businesses can either pay distributors outright, or agree to add margins to products as payment.

 

There are many advantages to using a distributor when you can’t make it to the continent. You have one large customer who sells your product for you, they often provide backup service to clients, and will also market your product to make it easier for them to sell.

 

However, international businesses may find it difficult to find or hire a distributor, depending on their profit margin and volume of imported goods. If your margins are too low, the distributor may not make enough profit to make your deal worth it. That’s where agents come in.

 

There are many advantages to using a distributor when you can’t make it to the continent. You have one large customer who sells your product for you, they often provide backup service to clients, and will also market your product to make it easier for them to sell.

 

This means that distributors will often take a larger margin from your imported goods to make up for the extra work. If you’re paying more, you want to be sure that your distributor knows what they’re doing, and is worth the investment. Do your research. Check out the Australian government’s website on how to identify good distributors for more information.

 
 

Agents

 
Australia-agent
 

For a more specific and focused partner in your Australian trading, hiring agents may be your best bet.

 

Agents offer benefits that distributors don’t provide. While distributors will determine the marketing and sales strategies for your goods, agents let you control that area, along with marketing and branding.

 

Agents are less expensive than distributors. Because they cover a smaller territory, agents often work out commission-based contracts for the sale of products. This not only costs less than taking margins from US suppliers, it also offers incentive for your Australian agent to sell more of your goods.

 

Agents cover a smaller area of goods, while distributors may be involved in an entire industry. This allows agents to provide specific and focused attention to your products, and they often come with advanced knowledge in that particular area.

 

The main downfall, however, is the management of these agents. As their jobs are commission based, and don’t receive any oversight from a company, working with agents risks bad performance, which can ruin your reputation in a region and affect your bottom line.

 

Agents offer benefits that distributors don’t provide. While distributors will determine the marketing and sales strategies for your goods, agents let you control that area, along with marketing and branding

 

It’s recommended that businesses schedule training, meetings, and performance reviews often to avoid these issues. The same government website gives in-depth information to help you identify reliable agents in Australia.

 

Ultimately, the difference between these three methods is the size of your business, and may often come down to personal preference. If you can find a reliable distributor, agent, or IT expert, your business can thrive through any of these methods without you ever seeing the Sydney Opera House.

 

When making transactions with agents or distributors, payments can be a big hassle. Let Veem ease the process.

 

With Veem, you can send and receive payments to and from Australia, and 59 other countries. Our payments method is fast, secure, and free of hidden bank fees.

 

Our innovative and global payments network finds the most effective route to send your money, and confirms the legitimacy of your intended receiver for even greater security.

 

Our dashboard tracking system also ensures your payments aren’t lost on their long trip across the Pacific, and sends your money directly from you to your partner in Australia. No intermediary banks required.

 

What’re you waiting for? Start the application process today

 

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