Business is all about taking risk and Experiencing fruits later !
Starting an Export / Import Business has been a Trend Worldwide as you are going to trade in the international markets. Firstly , A R & D is mandatory who never experienced business and want to kick start a new chapter of their life . R &D of What is the demand and potentiality of the Indian Goods , What is there prospective of buying the goods from India in terms of interests , Unique products. Secondly , Analyze the information what you gathered and get a Hands on Experience from the experts who are already doing it .
The following steps is to be taken for a startup :
1. Form a Company as per the government rules : For all startups we advise you to go ahead with proprietorship company .
2. Choosing the product to export : As a Startup while choosing a product you need to consider two things . 1. Investment 2. Sourcing .
These 2 factors is most important to start away. Many startups are confused that i require 7 digit Investment to start this business . But my answer is you can start this in 5 digits as well ! Choose a product where there is not much requirement of capital For eg. Handcrafted goods , Apparels . Sourcing is also a major factor as you should have good connects to source the product and sell it. For this you need to go around the markets or go through your connects to maintain the relationship.
Choosing the product over here is by studying various markets globally , i.e Through the statistics obviously .
3. Choosing the market : You have to check out where does that country get their imports which will unlock the information of Competitor globally and you need to also find out the suppliers who are already into exports into your commodity .
4. Taping the buyers : Today we are in a digital world and 40 % of the startups are generating the leads digitally worldwide to get leads . Its advisable to hire a digital marketer who has strong knowledge of International markets. You can also Attend International Buyer / Seller meets , Trade fairs / Trade exhibitions / Trade delegations in a subsidized rates through the government organised events. Get connected to our Indian Embassy Offices / Trade assistance offices to generate the list of Importers in that country for your commodity.
5. Credibility : Find out the credibility of your lead to know the potentiality before you actually kick start it .
5. Now learn the quotation terms , payment terms , shipping terms s per the buyer request and you are set to start OFF !
Where to export / Import business?
Any Locations where you are comfortable to start with , Many have started just from their residence!!
Who Should Export / Import business ?
Any Working Executives / Women Entrepreneurs / Traders / Manufacturers / startups / Entrepreneurs / Students .
This is a business which can be done on a part time basis as well provided you are punctual enough to handle the existing work and this business too .
For Export / Import Training / Consultations , Reach us - www.learnexim.com
Hope this article helped you . we are pleased to have your feedback shoot it at - Santhoshnth11@gmail.com .
ALL THE BEST !!
Starting an Export / Import Business has been a Trend Worldwide as you are going to trade in the international markets. Firstly , A R & D is mandatory who never experienced business and want to kick start a new chapter of their life . R &D of What is the demand and potentiality of the Indian Goods , What is there prospective of buying the goods from India in terms of interests , Unique products. Secondly , Analyze the information what you gathered and get a Hands on Experience from the experts who are already doing it .
The following steps is to be taken for a startup :
1. Form a Company as per the government rules : For all startups we advise you to go ahead with proprietorship company .
2. Choosing the product to export : As a Startup while choosing a product you need to consider two things . 1. Investment 2. Sourcing .
These 2 factors is most important to start away. Many startups are confused that i require 7 digit Investment to start this business . But my answer is you can start this in 5 digits as well ! Choose a product where there is not much requirement of capital For eg. Handcrafted goods , Apparels . Sourcing is also a major factor as you should have good connects to source the product and sell it. For this you need to go around the markets or go through your connects to maintain the relationship.
Choosing the product over here is by studying various markets globally , i.e Through the statistics obviously .
3. Choosing the market : You have to check out where does that country get their imports which will unlock the information of Competitor globally and you need to also find out the suppliers who are already into exports into your commodity .
4. Taping the buyers : Today we are in a digital world and 40 % of the startups are generating the leads digitally worldwide to get leads . Its advisable to hire a digital marketer who has strong knowledge of International markets. You can also Attend International Buyer / Seller meets , Trade fairs / Trade exhibitions / Trade delegations in a subsidized rates through the government organised events. Get connected to our Indian Embassy Offices / Trade assistance offices to generate the list of Importers in that country for your commodity.
5. Credibility : Find out the credibility of your lead to know the potentiality before you actually kick start it .
5. Now learn the quotation terms , payment terms , shipping terms s per the buyer request and you are set to start OFF !
Where to export / Import business?
Any Locations where you are comfortable to start with , Many have started just from their residence!!
Who Should Export / Import business ?
Any Working Executives / Women Entrepreneurs / Traders / Manufacturers / startups / Entrepreneurs / Students .
This is a business which can be done on a part time basis as well provided you are punctual enough to handle the existing work and this business too .
For Export / Import Training / Consultations , Reach us - www.learnexim.com
Hope this article helped you . we are pleased to have your feedback shoot it at - Santhoshnth11@gmail.com .
ALL THE BEST !!
