08 Sep, 2017

Import Export Business Opportunities

Believe it or not, import export business opportunities are still available even in these days of stagnated global economy. If you are thinking about starting an import export business, there are numerous ways that you can get into this business. One of these ways will be to start a company to import and then export the same goods or services. This way, you get to work as a distributor whose work is to import and export goods or services which are less expensive when imported from other countries like electronics from China. You can also import goods that are not found in the country such as Russian caviar or French perfume. Another import export business opportunity is starting an export management company (EMC) which will be involved in assisting other import export businesses to market their products or services in other countries by organizing storage and shipping of goods without getting involved in the actual selling. Some EMCs work with different manufacturers dealing with a range of products while others specialize in a specific product for their import export business. Another way of getting into import export business is to act as a broker for a business. In this way, you will work earn a commission on actual sales. This is a very lucrative import export business opportunity especially if you are dealing with businesses that have an established brand whose goods or services are guaranteed to sell. One of the reasons why you should take advantage of import export business opportunities is the low initial capital that is required in order to start a business in this sector. The initial capital could be as low as $5,000 depending on where you are working from and the products that you are selling. If you are working as a broker in the import export business, then you may decide to work from home rather than rent an office. You also don’t need hiring many employees compared with someone who is dealing with export of pharmaceuticals that also require special permits from relevant authorities. Someone dealing with export of pharmaceuticals will also require hiring qualified staff and consulting a good attorney which increases his overheads. If you have discovered a good import export business opportunity and you decide to take it, you should consult various Embassies and Consulates. Many Embassies and Consulates have special departments in place that are tasked with promoting exports of their goods and services to other countries and they will gladly assist you to exploit the opportunity especially if it involves getting to market their products.