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    Current page location: Home > Answers > How can I become successful in an import and export business?
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    Shelly King
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    How can I become successful in an import and export business?

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    • Time:2018-09-10 09:45:36
    How can I become successful in an import and export business?
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    Kate Brown
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    What is a good way to build up a successful business from nothing and have fun doing it? The import/export business may be your answer. Not only does it require little financial investment to start, but it offers the prestige of working with clients from all over the world.

    You don't need previous experience in the field, but you should have a good head for organizing. Fulfilling a successful import/export business requires constant attention to little details.

    Do you know some local manufacturers looking for ways to increase their market for the goods they make? Or are you planning a trip abroad and want to make some contacts for setting up a business?

    If you have an ability to sell, and an air of diplomacy, the import/export business might be right for you. All you need is the desire and determination to make it work.

    As you progress in the business, many factors become obvious and easy to handle. For example, you'll need to find a person to handle shipments, called a freight forwarder. And you'll need to create solid contacts and strong relationships with reliable suppliers. But after a short time, you can be well on your way to making a sizeable income - with a very low overhead.

    Do you like the idea of running your own business? How would you like a tax deductible trip to foreign places a couple of times a year? The advantages of an import/export business are great.

    The biggest advantage is the money you'll make. Once you get the business underway, the commission for setting up sales is very profitable. And after you establish and maintain a number of exclusive accounts, you'll find the time you spend is highly rewarded with money.

    Take a look into the import/export business. Consider the risks, and consider the advantages. Talk to people in the business. Is it for you?

    HOW IT WORKS

    Of all the manufacturers in the United States, only a small percentage distribute goods outside of North America. The goods that do find foreign markets are exports. On the other hand, anything that is manufactured outside the country and brought in for sale, is imported.Although it seems obvious that all manufacturers would want a worldwide market, it is not easy for a company that is limited in its scope and abilities. That's where you come in.

    An import/export agent is a matchmaker. Manufacturers of domestic goods seek foreign distribution; foreign manufacturers want a United States market. You need to find them, make a solid connection, and establish a business relationship with these companies.

    The agent's commission is generally about ten percent. Now, think of ten percent of $500,000 or ten percent of a million. Although that may seem like a large order, it wouldn't be, if you're talking about machinery, raw materials, or computers.

    The market is unlimited and there are hundreds of manufacturers looking for foreign distribution. Sporting goods, clocks, electronic games, radios, housewares, garments, tools - anything can be readily imported or exported if there is a consumer demand and if you can get the products.

    The United States Government encourages exports. Indeed, it is those sales that keep our balance of payments with the vast amounts of goods that are imported. And you'll find government agencies helpful in establishing your business.

    THE BASICS

    You can start your import/export business at home with a telephone. You'll need a file system, business cards, and a machine to answer the phone calls. Once you get going, you'll want a web site address or a fax number.And you'll need a classy logo. Until you establish personal contacts, it is your logo that represents you. Make it look professional. If you can't do it yourself, ask a logo designer to do it. You can find many of them online for a very reasonable price.

    #1Floor 2018-09-10 11:27:31 Reply(0)
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