Tips For Starting Or Running An Import And Export Business
Trade makes the world go round. The world is a smaller place, thanks to the way in which import and export has changed. These days, almost everything is available either in shops or by order over the internet. It is, of course, possible to get great bargains if you travel and explore but this is time-consuming and expensive unless you buy in bulk and there are language barriers. People like their shopping to be as easy as possible, which is why they don’t mind paying a bit more for their purchases. This is where the importers and exporters come into play.
Import and export is a business you can easily do from home. You need very little to start up, just a computer and some common sense. There are great benefits in working from home, as you can imagine. You can choose your own hours and have great flexibility.
The first thing to do is to create contacts. This is even easier online than offline because you can talk to anyone in the world from the comfort of your home, using the Internet. You can browse online advertisements and buy in bulk using a credit card over a secure site. You can advertise and sell your products online. In fact, in some trading methods, you can buy and sell without even having to receive or ship the products yourself! As with any business, it is important to be efficient, keep perfect records and keep your customers happy. An unsatisfied customer will not return and might criticize your shoddy service on the internet, so don’t be a bad trader!
You need a business plan before you begin. You need to work out what you are going to trade, how you are going to trade, how much money you need to make, which countries you want to trade with (if you speak another language, this might help, although English tends to be widely spoken), what method of payments will you use and what about foreign regulations? You need to research everything. Don’t let the preparation put you off before you get started. Every new company requires adequate preparation and it will be worth it in the end, once your business is up and running well.
You need to decide what scale your business is going to run on – are you going to work alone, as a partnership or a limited company or something bigger, or will you start small and work your way up?
You should decide what kind of products you want to sell. This depends on what your interests are (it is easier to sell something you can rave about!), what you are knowledgeable about and, of course, what is available. If you buy in bulk, you can make good money but make sure you are going to be able to sell it again this end. If you plan well and are successful, you can make enough profit to cover your travel expenses and earn a good living too.