I`m curious to know where the idea to import these electric appliances came from? Is this a product that you are developing, or is this a product that already exists overseas and that you hope to introduce to the US market? If it`s the latter, then I would proceed with caution.
Don`t get caught up in the all-too-common approach of finding a cool product overseas, buying a large supply of said product, and then hoping to find customers here to sell to. This is a type of business plan that has failed many times over, yet people continue to repeat. Look at it this way - if a unique product exists overseas, chances are someone already tried to bring it to the US. Have you verified that this product does not already exist here? Have you checked whether this product was introduced in the past but just never sold? You can find this out quite easily by going to the retailers who would sell such a product. Also, keep in mind that products sold in the US are designed for the US. Products sold overseas are designed for those markets. You may need to redesign this foreign product for US consumers.
If indeed this is a product that you are developing, then there`s not much more I can add to what the previous posters already said. Keep us posted on your venture.
If you`re interested in importing, I recommend the book "How Small Business Trades Worldwide" by John Wiley Spiers. Lots of great information on starting in importing company.
SNco4/22/2009 8:00 PM