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Investment ideas Starting an Import Export Business Without Investment Do you need a business plan to start an online import export business at home? If you are looking for a good way to start a successful business from nothing and gave fun while doing it, then starting an import business might be your perfect answer.
Aside that this business can accommodate anyone regardless of the size of their investment capital, it also offers the prestige of working with suppliers from all over the world.
If you know the basics of how to start an import export business, you should endeavor engage in such trade because it is highly lucrative and profitable. Though it is very competitive business, it is not complicated.
The import export business simply involves buying and selling of both foreign and domestic goods for a profit. Using Nigeria as a case study, it has been established that the local industries cannot meet the demand of consumers; thus the need to import goods other countries to complement local production.
In retrospect, Nigeria also have an abundance of mineral and natural resources; waiting to be exported. In fact, the importation of goods has never been easier than now; due to the emergence of the internet. Importers can now meet manufacturers online, while exporters can also push their products out using the internet as leverage to find buyers.
So if you are ready to tap into this golden opportunity, if you like the idea of running your own business, taking foreign trips a couple of times a year; and most importantly making lots of money, then read on as I provide you with tips on how to start an import export business online from the comfort of your home.
Make the Decision Why do you want to go into importation or exportation? Are you prepared for the risk involved? Are you prepared to hassle with your manufacturers, agents, freight companies, customs, etc? Are you prepared to meet the stringent product conditions of your foreign buyers? In fact, are you prepared for the stress of importing and exporting?
Are you going to focus on importing or exporting? Do you have the needed entrepreneurial skills to succeed? How are you going to raise fund for the venture? These are questions you need to answer before deciding if the business is for you.
Acquire the basic knowledge After you have made your decision, the next thing to do is to acquire the basic knowledge needed to succeed in this business. This is where you have to inquire about the intricacies of running an import or export business.
You should be knowledgeable about negotiating and selling as these are two important factors in import and export. How it works An import business is a matchmaker. Foreign manufacturers want a market in your country. You need to find these manufacturers, and establish a solid connection and business relationship with them.
The reverse of this scenario is the export business. In this case, you are the manufacturer or supplier of raw materials. There are many manufacturers looking for foreign distribution. Goods such as sporting kits, house wares, clocks, electronic games, garments, utensils, and anything you can think of can be readily imported; if there is a consumer demand and if you can get the products.
All you need is a reliable phone line as well as a high-speed internet connection for email and other over-the-web correspondence.When it comes to importing goods from China to the United States, getting started is the most complicated part of the process.
Free trade agreements have made business exchanges between the two nations a cinch. Ford cancels plan to import Focus crossover from China, blames trade war.
The vehicle was to be a replacement for the Focus since Ford is ending production of that entry-level car in the U.S. IMPORT – EXPORT BUSINESS PLAN, Case: Kenko Oy LAHTI UNIVERSITY OF APPLIED Central and South Asia. It is the main gateway to Central Asia, Western China and to South Asia.
The main emphasis in the research of this thesis is to create the business plan for a new Import/Export company. Apr 10, · Import Export Business Plan - How To Import From China Using Other Peoples Money has 20 ratings and 0 reviews: Published by Lioncrest, 82 pages, Kindle E /5(20).
The book written by Perry Belcher, Import Export Business Plan – How To Import From China Using Other Peoples Money tells about his experience regarding his import and export business plan (more specifically in China). The book written by Perry Belcher, Import Export Business Plan – How To Import From China Using Other Peoples Money tells about his experience regarding his import and export business plan (more specifically in China).