Sourcing out cheaper products abroad


When the local market is stiff with its prices, it is all right to check the foreign market. This happened some decades back when the locally-made medicines became very expensive that small pharmacies banded together and imported cheap medicines from India. That was the time when generic medicines was legally accepted. Other products can also be imported from nearby countries that can be competitive with the local products.


Buying stocks from abroad is not an easy undertaking if you are new to the operation. You need to find a good transport company that will bring the imported products from the warehouse to the pier in the originating country. It will pass through customs check and then you again need to have a transporter of the goods from the pier to your warehouse. All that work is only for a one time purchase that I’m sure would give a higher profit margin.