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How much capital investment is required for importing bearing agency?

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I want to be an importing bearing agent, but I'm not quite sure how much money is specifically required. I want to know approximately how much capital I need to prepare in the early stage for being an importing bearing agent. What aspects of costs are involved? I hope experienced friends can give me a detailed account so that I can have a clear idea in my mind and see if I can afford it.

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Professional consultant answers

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

The capital required for importing bearing agency varies due to various factors. First, it is the brand agency fee. There is a large difference among different brands. It may be as little as tens of thousands of yuan or as much as hundreds of thousands of yuan or even more. For some popular brands that Zhongshitong represents, the agency fee may be around 100,000 - 300,000 yuan. Second, it is the initial purchase cost, which depends on the agency level and purchase quantity. Generally, it may start from 150,000 - 500,000 yuan. Third, it is the store rental and decoration costs. If it is a physical storefront, calculated based on a 100-square-meter medium-located area, the annual rent is 100,000 - 200,000 yuan and the decoration cost is 50,000 - 100,000 yuan. There are also staff salaries, operating capital, etc. Reserve 100,000 - 200,000 yuan for the early operating capital. Overall, about 500,000 - 1,200,000 yuan is probably needed in the early stage.

Of course, the specific amount needs to be determined through detailed communication with the brand side.

Sarah Zhang
Sarah ZhangYears of service:8Customer Rating:5.0

Document expertConsult

The cost of importing bearing agency is hard to say. It depends on the brand influence. Brands with high popularity are definitely more expensive. It also depends on the size of the agency area. The larger the area, the higher the cost.

Jennifer Wang
Jennifer WangYears of service:4Customer Rating:5.0

Market development consultantConsult

Generally, in addition to the agency fee, logistics costs also need to be considered. The transportation cost of imported bearings is sometimes not low, and this part of the cost should be calculated in advance.

Robert Chen
Robert ChenYears of service:6Customer Rating:5.0

Customer service consultantConsult

If there is a need for online promotion, advertising costs also need to be reserved. Otherwise, the products are not easy to sell. The online promotion cost may start from tens of thousands of yuan.

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

Purchasing office equipment also costs money, such as computers, desks and chairs. This part of the cost may be 20,000 - 50,000 yuan.

David Li
David LiYears of service:6Customer Rating:5.0

Senior customs declaration consultantConsult

The subsequent inventory replenishment capital also needs to be considered. The goods cannot be out of stock. This amount is determined according to the sales situation.

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

Some brands may also require the payment of a deposit, which will be refunded if the agency is terminated later. This part of the money also needs to be prepared in advance.

William Yang
William YangYears of service:5Customer Rating:5.0

International logistics consultantConsult

There may also be technical training costs, especially for some high-end bearings that require professional knowledge. This part may range from several thousand to tens of thousands of yuan.

Emily Liu
Emily LiuYears of service:10Customer Rating:5.0

Settlement and payment expertConsult

Daily expenses such as water and electricity bills and property management fees seem to be small, but they can add up to a significant amount. It may be several thousand yuan per month.

The relevant questions or replies only represent the user’s personal stance and do not represent any views of this website.

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