Tuesday, May 26, 2009

The import export business is a profitable business model

By Neil Baulch

A really interesting career field, which many people don't talk about, is that of the import-exporter. If you are wondering whether import-export is as glamorous as it sounds, then I'm here to answer your question. Don't worry! It is! What other career is going to let you jet off to another country several times a year, meet tons of other people, and see the way other cultures live. Import- export is a very lucrative, exciting and wonderful business, but one where there are many risks too.

Lots of people work in import-export trade, or work as trade agents, but there are ecological, and cultural factors that you need to deal with which you don't have to in other types of business.

The success you have will depend on the product you work with, the political and economical stability of the exporting country, and your financial abilities.

Your Marketing Strategies

The way you sell your product will depend on the cultural beliefs and buying ability of the importing country. Every nation has different marketing necessities which are influenced by a country's cultural believes and purchasing power.

Follow Government Rules

In any import-export business you have to deal with the country's government regulations regarding trade, and you need to meet those requirements before you can import or export. These regulations can be found out at the government trade commission offices, and on their online sites.

You also need to know about the import policies of the country you are importing to. These will differ depending on the country, on agricultural or product regulations. You can find out about these requirements online or from the country's trade commission. Meeting these requirements is not really complicated, often all that you need to do is fill out the right form and pay a small import fee.

Transport

Importers and exporters have to learn about all kinds of transportation. They need to know which is the most economical form of transportation and which is the fastest, although the most expensive form. At times you will have to get a little creative and find viable ways of getting a product to the client. You may even have to use the old reliable taxi at times.

Import-export is just like any other business, just a little more exciting, and you need to be a little more communicative (that may include using hand and sign language) and just being a little more creative in every way possible. It is a pretty exciting field!

About the Author:

No comments:

Blog Archive