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Posts Tagged ‘Export’

Import Export Business – What to Avoid

Monday, November 8th, 2010

It is pretty surprising how many people make the same mistakes over and over again in some business endeavors. Moreover, despite the fact that these mistakes have happened in the past to many other persons, some business neophytes still commit the same mistakes. It is therefore very important to know the most common mistakes that most businessmen commit and how to avoid them. In other words, if there are things that you should know and do in starting up a business, there are also some things that you should avoid.

In the import export business, there are many factors to consider. Aside from the fact that unlike other types of businesses which just deal with the selling of products, the import and export business buys products as well. Thus, the nature of buying and selling should both be studied critically in the import export business. For those who are just starting out in this type of business, as equally important with the things that you should do, are the things that you should avoid. Thus, in order to avoid the common mistakes that other businessmen have committed, it is important to note the things that should be avoided.

First and foremost, if it can be helped, avoid third party vendors. This may sound a bit harsh, but third party vendors usually have hidden fees that will not only make your products appear more expensive, but will hinder these products from being sold. This is so because third party vendors have the tendency to insert hidden fees for them to profit more. However, if it cannot be avoided, you can employ third party vendors that are credible and reliable. There are online sites that offer the third party vendor services. In browsing through these sites though, you should be very cautious and discerning.

Second is talk directly to the producers for imported products. Beware of agents who represent importers because these will just add to the cost of the products. As much as possible, in importing products, make sure that you deal with the producers, or main suppliers of the product. This would not only eliminate unnecessary third party fees, but will also make transactions clearer and faster.

The third thing to avoid is delay in deliveries. In the import export business, time is one of the most important factors to consider. In importing products, the delivery process starts as soon as you buy the product and bring it to your warehouse or store. The time spent for these operations should be considered critically in order to avoid delays and extra expenses on the handling of these products. In the same manner, in exporting products to other countries, the delivery process starts as soon as you send the products to the receiving party. The delivery process is only concluded when the receiving party receives the products. Thus, any delay in the delivery process would mean extra handling expenses.

Five Advantages of an Export – Import Career

Sunday, June 13th, 2010

Want to start your own career free from the hassles of the everyday grind? If you are tired of working for other people, and you think that you can make a better living on your own, then what you need to consider is finding the right products to sell. With the Internet opening up the export-import trade, you now have the opportunity to take your business global and make it into something that is truly worthwhile. It’s the new economy. Instead of worrying about whether a large corporation is going to eliminate your job, you are in control of your destiny.For any import export business to take off, you need to find trade partners. One good place to look is India. Following are five distinct advantages of the export-import trade in India:

Cheaper merchandise: India is home to many cheaper products that can be imported at a fair price and sold with nice profit margins. By the same token, India may have need for products in your home country that can prove profitable. In order to get the scoop on the export-import India trade you should start with your country’s embassy within India’s borders. They will have tons of great information to get you off to a healthy start. They will also help you locate reputable suppliers with which you can establish trade.

Growing reputation in the global business community: India has one of the fastest growing economies. The cost of living is extremely low, but at the same time, many jobs are being sent to them on account of the lower wages they require. This means that as India’s economy picks up, so, too, will opportunity within your own land to establish a healthy and profitable import-export relationship.

Healthy relations with most of the world: While tensions are quite strained between a number of powerful countries in this world, India maintains a relatively jovial relationship with most everyone that it has dealings with. In fact, relations currently range from indifferent to incredibly positive. In other words, it’s a country with few (if any) enemies. That makes them a great source for the import-export trade.

Opportunity to provide unique product for your customers or clients: Indian culture is definitely “in.” That means cultural products sell extremely well in other countries. No better time than the present to capitalize!Limitless networking opportunities: As India’s business opportunities continue to grow, the networking possibilities that will result from it are undoubtedly beneficial to anyone looking to establish a healthy export-import India trade business. This can lead to greater revenue in the present and the future.

The export-import India trade is one of the most lucrative of all current global business opportunities. In addition to this, the import-export trade is one of the best ideas for any enterprising businessman looking to set out on his own. Do your homework, establish contacts, and start selling today!