Landed Cost Calculations
Markup vs Profit Margin: Understanding the Difference in Global Trade (2024)
Last updated on June 28, 2024 by Ben Thompson
Discover the crucial differences between markup and profit margin. Learn how to calculate each, understand their impacts on pricing, and apply effective strategies to ensure long-term profitability. Clear explanations and practical formulas will help you avoid pricing errors and communicate effectively with your sales team. Make informed decisions for your business success.
Determine the Selling Price of Imported Products with the Landed Cost Calculator: Pricing Strategies and Formulas
Last updated on June 12, 2024 by Ben ThompsonTo grow your import business, understand landed costs, profit margins, and operating costs. Create a solid plan for selling products in your market. Calculate landed costs, set profitable selling prices, and consider operating expenses like storage and working capital. Plan sales and marketing strategies, considering market risks and costs. Invest in efficient software to streamline…
The HS Code and HTS code for Global Trade Explained
Last updated on June 3, 2024 by Ben ThompsonA HS code or HTS code plays such a vital role in International trade. However, the system of codes and jargon involved around the these codes can make it difficult to classify and understand. In this article we explain the common terms that are used throughout the customs clearance process so that shippers can meet…
How to Calculate the Landed Cost of Imported Products
Last updated on February 26, 2024 by Ben ThompsonBusinesses that are involved in Global Trade are faced with dozens of additional costs, fees and charges involved with importing products through to the final location. It’s imperative that buyers understand the actual final costs of imported products in advance, to make smart decisions for their business.
