Start an Import Export Business
By starting your own import export business, it will enable you to do business internationally. This is a very good way to take advantage of and capitalize on the developing markets by importing the items that you can profit from in the local market and exporting products that are not available in other markets. In the few steps below, I will give you some practical ideas on go about starting an import export business.
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Instructions
1. Understand different types of import export companies -
You can become an import export merchant, import export management company or import export trading company. You need to learn more about the import export business, as well familiarize yourself with different trade channels and the applicable laws that would affect your import export business.
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2. Identify your targeted market -
Find out who you will sell your products to and develop a plan on market to them. The best thing to do is to perform market research in order to find out if there is a demand for your product in the marketplace.
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3. Set your prices -
Your pricing will make a big impact on the overall success of your business. You need to set your prices in order to have maximum profit margins while still remaining competitive in the marketplace. Don't be too greedy and set your prices too high which can cause you to lose potential customers. Make sure to include the cost of running and operating your import export trading business in your overall price such as office costs, employees, warehouse space, etc.
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