The Bread and Butter of Importing and Exporting
Category: Import and Export | Nov 23, 2009 |
We all know that importing and exporting is a very important part of our global economy. Without successful import and export businesses, many of the products we enjoy in our lives would not be around and many of the cars we drive would not have the privilege of experience the lead foots that accelerate them.
Yet there are certain aspects of the importing and exporting business that need to be followed in order for it to be a success. You can’t put the butter on the bread if there is no bread, so what you want to do first is make sure you have a solid foundation in which you can build your goals upon. If you research any successful import and export business’s profile, you will find that careful planning in the buying and selling of their product contributed to their success. You need to make sure that your import and export business can answer the standard questions of who, what, when, where, and why?
Another thing you must realize is that there are going to be many obstacles to overcome. So many tend to give up when presented with too many obstacles or through the avoidance of obstacles they are pushing success to the back row. By hitting things head on, you are showing that you are committed and you are knowledgeable about your trade. This is the sort of impression you want to give your clients when they deal with you.
You also want to make sure that you have the government regulations of the countries you are trading with down to an art. The reason for this is because you don’t want to be shut down in that country due to too many violations. This can damage your bottom line and give you a big blow to the success of your businesses international market.
And last but certainly not least, you want to make sure the relationship you have with your suppliers and buyers is a tranquil one. If you do not preserve that working business relationship, chances are those you are doing business with will find someone who can maintain a good working relationship.
With this said, your importing and exporting business can be a successful one as long as the rules are followed, agreements remain in place, and you stay up on the happenings within your business. Knowledge is key and diligent planning makes it even better. As long as you remain committed to your business, you will be able to have the bread and the butter too.
Watch the video related to import and export
www.importexportcoach.com Now is the perfect time to start your own import export business. Import Export tips from Jennifer Henczel, an International Trade Consultant known as the Import Export Coach www.importexportcoach.com.
Help answer the question about import and export
Could you recommend good resources for learning to start an Import Export Business?My Fiancee lives in the Philippines, and is interested in having a small import export business between the USA and the Philippines. We're looking for resources to guide us in the proper business procedures.
Books, Websites, Ebooks, or any resources would be greatly appreciated, especially if you have experience with them.
Thank you!
Currrently product details are unknown. My fiancee is visiting with family, friends, and business owners looking at possible products. Also, they are looking at Ebay to determine the sellability of products.
About Author
Written by Frasier Johnson. Find the latest information on Electronic Components Manufacturers as well as a trusted Import Export Directory.
At this time the Internet is not taxed in the US. You do not need a license to do an online business.
However if you plan to ship books or materials to the students you might have to pay extra. You can get around that by trying to find all your materials somewhere like Amazon.com (get an affiliate acount and you can still get some money off of what the students purchase there). Or, if you make your own materials for the class, consider making them somewhere like CafePress.com so that its a US company shipping them (mention OddThotz as a reference if you create a CafePress shop)
there are people who are exporting andhave just one room office in their house. they don't have any manufacturing unit or any godown, but they surely have the market knowledge and demand of the overseas buyers.
Products like handicraft items, homefurnishing, fashion accessories, arificial & immitation jewelery, cotton bags, rugs & carpets and lot many products are manufactured in remote areas of India and can be sourced from there.
but to choose a product you have to analyse few parameters like which country you want to target & products which have high demand in overseas market…. you can get this details from htttp://www.cybex.in
You might check with your bank to see if they have an ExIm department. They can give you some advice on the licensing and provide the necessary Letters of Credit, etc.
I don't know if this site is any good, but it seems to be marketing to you….
http://www.importexporthelp.com/trdspx1.htm
Be aware that there are very complicated export licensing laws and there is a lot of liability for criminal violations if you mess up. But, since you are an accountant, you are probably very detail-oriented.
I've heard this is a good business. You should start getting some information from places like http://www.sitesell.com/salary.html , and just soak in all the information you can. Good luck, and thank me later!
unfortunately, you need connections. i have a the same degree and the only job that i could even get an interview with were sales positions. it sucks that you can't get a job without experience, but you can't get experience without a job! my suggestion is to get an internship in this field during your last semester. if you can't find one in import/export, just get one in another business field. any experience (whether paid or not) is better than none.
good luck!
You can't do it unless you have a home base.You need tractors trailers,drivers,you need alot of money to do this.One tractor trailer combination unit alone used would cost you a small fortune.You need a license to open the business, insurance and the list goes on and on.I would venture to say at least $500,000 to get started.You would be better off to be an oo (owner operator) and drive coast to coast.I thought about doing it,and my father drove he said even oo's don't make much $ any more,he told me to drive for UPS one rout back and forth.Really good money.Especially double trailers,like go to NJ,spend the night,drive back,hook,drive back,spend the night,over and over.Depends on where you drop and hook,that's just an example.But it would always be the same rout,talk about easy money,and you work a week then 3 days off,then over and so on.
You don't. That field is covered by regular companies, and if anybody claims they can "set you up" in homebased import/export they are LYING!
Try contacting exporters and importers in your area, send an email to sell@epog.org for information