What are the possible ways to start an import and export business at goa?

What is a good way to build a successful business from nothing and have fun doing it? Import and export business may be your answer. It requires little financial investment to start, and it provides the prestige to work with customers from all over the world. You don't need previous experience in this field, but you should have a good mind organization.

To complete a successful import and export business, there is little detail that needs constant attention. Do you know that some local manufacturers are looking for ways to increase the market for the goods they produce? Or are you planning to travel abroad and want to establish a business relationship? If you have the ability to sell, and the air of diplomacy, import and export business may be right for you.

All you need is the desire and the determination to make it work. As the business progresses, many factors become obvious and easy to handle. For example, you need to find a person who handles shipments, called freight forwarders. You need to establish strong contacts and strong relationships with reliable suppliers. But after a short period of time, you can earn a decent income--low cost. Do you like to run your own business? Do you want to travel tax-free to foreign places twice a year?

Import and export business has a great advantage. The biggest benefit is the money you make. Once you get the business, setting up a sales committee is very lucrative. When you build and maintain a few exclusive accounts, you will find that the time spent on money is very rich. Conduct an investigation into the import and export business. Consider the risk and consider its merits. Talk with business people.

Is it for you? How to Work Of all the manufacturers in the United States, only a small proportion of goods are distributed outside North America. Goods found in foreign markets are exports. On the other hand, anything manufactured or sold abroad is imported. Although it seems obvious that all manufacturers want to be in the global market, it is not easy for the company to have limited scope and capacity.

That's where you came in. The Import/export agent is a matchmaker. Domestic commodity manufacturers seek foreign distribution; foreign manufacturers want the US market. You need to find them, build strong connections, and reach business relationships with these companies. The Commission of the agent is generally 10%. Now, imagine 10% 500,000 or 10% of 1 million.

Although this seems to be a big order, it won't if you are talking about machinery, raw materials, or computers. The market is limitless and there are hundreds of manufacturers looking for foreign distribution. Sporting Goods, clocks, video games, radios, houseware, apparel, tools-anything can be easily imported or exported if there is a consumer demand if you can get the product. The U.S. government encourages exports. In fact, it is these sales that make our balance of payments balanced against the bulk of imported goods. You will find that government agencies are helpful in building your business.

Basic knowledge You can start your import and export business by telephone at home. You need a file system, a business card, and a machine to answer the phone.Once you are gone, you will want a cable TV address or telex hook. You need an elegant letterhead. Before you create a personal contact, it represents your stationery. Make it look professional, possibly embossed or two-color, or golden leaves. It is printed on light paper for air mail but does not print airmail envelopes.

You will also have a lot of domestic letters. In addition to office equipment, you also need to be determined to make it work. It's going to be slow at first, you need to plan your actions, connect and sell yourself. But once you do some sales and sign up for some exclusive contract that is worth the money, you will know that your dedication is worth it.

Make a contact The most important step in establishing a business is to find a contact person. You may have relatives in foreign countries; You may visit and establish a country's business relationship frequently. Or, you may just have a feeling of what will be sold somewhere.A person who is well-informed in business can pick up and harness the pinnacle of world trends. Foreign consulates in the United States have a commercial attachment, they want to set up branches in the United States, they are a good place to start.

Sometimes these consulates can help you find your own import and export business Index. The U.S. Embassy is another place to look for commercial distribution links. They can help you understand the solvency and reputation of the company.

Another way to build links is through every city chamber of commerce you target. Start small-don't try to solve the world. Where do you want to sell American goods? Which countries have the goods you want to import Understand these countries, what they must provide, and what is the general demand. Then prepare a large-scale mail campaign. The easiest way to mail hundreds of letters is to use the typing service, each time using a different address to produce the same letter.

It's worth the money that it will cost--you'll be madly typing so many of the same letters. For each possible contact, write a letter describing your company, asking for the name and address of the company concerned. Request to be posted in the monthly notice or post in the appropriate place. From the name of your return, write another letter, introduce yourself again, and ask for information about their company.

You can use questionnaires to fill out and invite replies. What goods do they want to import? What products are imported now and how are they distributed? Does the company have a certain geographical area, sales representatives, branch offices in other cities? What are the basic details of the business-history, assets and liabilities, growth plans. Ask for any information you need to find out what they will buy and they must be sold.

If the company is a manufacturer, please obtain samples or catalogues, current foreign distribution facts and figures, and their own product needs. Analyze the market Keep informed. Read everything you can find about world trade. Look at trade publications, international newspapers, news magazines and financial reports. Who is selling what to whom? Although the American-made aircraft market has been stitched up, there are thousands of medium-sized to small manufacturers in every state in the EU. You can get merchandise for sale, but you have to be sure to study their needs and can get the price that makes the export feasible. Your questionnaire will tell you further and read the country's published periodicals-and many have English editions.

Do these publications confirm the desire for certain products? The value of each country's currency is compared to the value of the dollar in the U.S. market for imported goods. Moreover, import prices reflect this directly. Can American consumers afford the price of certain imported goods? Or will they? Finding the right market is as important as the actual details of trading and selling goods. What do you think it will sell?

If you do some careful research and thinking trends, you will be able to come up with hundreds of products to import and export. The import and export business is actually smaller than you think. There are only a few of these businesses-that's why there's plenty of room for more.