Brendan Elias’ Tips for Importing and Business

Brendan Elias’ Tips for Importing and Business

Brendan Elias is an Australian business mogul, importer and founder of China Import Formula. It’s a seminar for people who want to go into the import lifestyle but are unsure how. He gives good tips and tricks to make importing easy, also giving some advice on how to avoid getting scammed.

Brendan’s Credentials

His lectures are attended by people from all over the world and with good reason. Brendan is a master importer and businessman, learning the trade from his father at a very early age. According to him, a career in law was appealing to him. He soon realised that in an office setup, he would be trading his time for money, which he did not like. He soon started learning about importing.

Brendan Elias has an impressive educational background. He has a degree in Commerce Law from the University of New South Wales in Sydney. He studied Trade Law at the University of Economics and Politics in Hamburg, Germany. He took up Chinese Contract Law at the Beijing University of Politics Law. He even has a degree in International Copyright Law from Queens University in Canada!

All these credentials gave him a leg up on other candidates, and he could easily have pursued a career in law. Instead, he used the knowledge he gained from his education to start his own business. He started to import DVD players from China to Australia, and that’s where it all began.

Tip 1: Do Your Research

You can’t just buy a product in bulk without knowing the item’s quality nor the manufacturer’s credentials. Although some are eager to jump right into the import lifestyle, this could prove disastrous. Use the internet to do thorough research on the following:

  • The product – How popular is the product you’re going to buy? Are you sure people are interested in buying this type of product in your area? How much do they usually sell in your area, and how much is the median price from manufacturers? After shipping fees and tax, how much profit will you make?
  • The manufacturer – Now that you’ve done research on the product, it’s time to find a manufacturer that can deliver. Don’t always go for the cheapest price. It’s a good idea to ask for samples before you make a purchase, to ensure that the product’s specifications are up to your standards.

Tip 2: Learn the Lingo

Going into the industry, you’ll encounter a lot of terms that might be confusing if you’re not prepared. It’s a good idea to educate yourself on the language. This will make things like contracts and customs much easier for you. Here are a few examples:

  • Importer – This refers to you; the person who is bringing in goods from overseas.
  • Forwarder – This is the company that ships the goods to you.
  • Manufacturer – The maker of the goods you ordered.

These are just a few terms you’ll encounter frequently as you go through the business. China Import Formula can help you learn and apply the ins and outs on this field, with Brendan Elias as your guide. Welcome to the import lifestyle!