In the previous Articles we talked about How to start Exports Business etc . In this article i am going to highlight some key points whether a Working professional or Non Business background Individual can really venture & Kick start Export / Import Business .
Indeed , Its true that Most of us require diversification at some point of our life Eventually , Be it a Working professional having 9-5 Job or a Domestic Business man who is Doing Business within India .
I have Received a lot questions from a New Bie / Startup ? Some of them are :
1. Is it so Easy to start Exports ?
2. If there is a Future in Exports ?
3. How much investment is required to start exports ?
4 . How to Choose the product to Exports?
5. How to procure the goods to exports ?
6. How to maintain the supply chain management in exports ?
7. How to get buyers in Exports ?
8. How to verify the buyer ?
And so on and on ..
In the last few years , We have seen the steep increase in a Startup choosing Exports / Imports as their startup , Just because here you are actually supporting a nation by your produce & in return you are earning a Foreign exchange to your home country .
Kickstarting a Exports Business without having roots in Business is possible when you actually Take up a Firm decision that you wana kick - start , No matter what suppresses you! Exports business is all about maintaining a Professionalism , System , Compliance's , supply chain management , FTP Policy .
In Order you get started in International trade Please bear the following pointers in mind :
- Make a 2 - Month plan where the company would run on NO PROFIT / NO LOSS . Yeah ! You heard me Right NO PROFIT / NO LOSS .
- If you have partners in your company Make sure , they understand & appreciate your decisions i.e a mutual understanding is more important than a eye on monetary benefits .
- Choose a Company which has Minimal Compliance's as you can spare some time on running a Business than running through compliance's .
- On Business of exports , A Firm Practical knowledge is mandatory where you at least get to know the foundation step of your business & understand on how exports business runs in terms of step by step procedures , compliance's , role of various government department's involved in Exports business.
- Once you take up the knowledge on Exports , Try Finding out a Product which you want to export . Hint : Low investment , Decent margins , Product Availability , Supply chain management.
- Then Comes Investment : A crucial Monetary role which rules the exports business , the investment in exports business are product investment , Shipping investment . This is the only two investment which is required while doing business . ( in this scenario you are called " Merchant Exporter " ) . If you have good connects with manufacturer / Producer who trusts you gives a credit then your investment is just the shipping . people who say you can start Exports Business on your own with Zero Investment is a Myth . You can start off at Zero Investment , when you have a buyer and you dont investments , you can share it with your trusted business man and earn commissions out of it . when people say you can start your own Exports business with zero investments its just a rumor as in order to get into this you need to have good connects / networks with Producer / manufacturer - Product investment & Shipping as well , if at all the product investment is zero downed , for the startups the shipping companies doesn't offer credits .
- Any LAY Man can start Exports of the following categories of products as it doesn't require much of your technical knowledge , i.e Agricultural Products , Apparel Products , Handicraft Products . Why this products only ? This are the majorly exported / Imported products globally & you dont need technical aspect of Knowledge unlike Chemical & pharmaceutical products .
- Product selection happens with : Whether the products are source-able , where it is available , when is it available etc . Product availability throughout the year , Transportation facility , quality control , packaging .
- Product selection is also depended on the investments made , Product knowledge ( takes time , but possible ) , Product availability , Understand the pros & cons towards procuring it , how long does it take to reach the port of loading .
- the market selection is also most important point towards Exports , There are two verticals to think upon , When you choose a country which is nearby , It is good for kick - starting it , of-course the demand is there but the congestion would be high , but when you choose a far away countries i mean where you require a pre - approval visa to land in there it would be of great systematic work , congestion would be less! So choose the market as per the demand in the market .
- Choosing the buyer : Today we are in the world of digital , hence getting a buyer is of no great deal , but getting a genuine , honest , reliable buyer is of a worry . If you want to get a international buyer sitting right back in your home country isnt enough , you need to Attend international buyer - seller meets , International trade fairs , international exhibitions in other country . If you want to sit back to earn a export order , two ways : Hire a Good digital marketer who has knowledge of International Geography ( Very less DM knows it ) or hire a Professional international trade consultant who can support you on end to end basis.
- Earning potentiality : There is a huge scope of work in this sector , provide you earn a recurring orders . A Min. of 1 Lakh - 10 Lakh a Month is possible for a Small scale Startup in Exports Business .
- Scope : Indian products are in demand all over the globe , it reaches indirectly via other country as well . So cheer up , scope is huge you just need to have the ball rolling.
You can still start Exports Business on a Part time basis , If you hire a loyal Exports Consultants who takes care of the business on your behalf and the loyalty shared . So starting off exports can also be done on part time basis and then you can dive into after you see the six months of transactions.
Hope this article helped you to clear your doubts , whether being a Non - Business professional can enter into International Businessman / woman .
I would be glad to know your thoughts , Please leave your comments below . The comment section is all yours .
Regards
Learn Exim
I have Received a lot questions from a New Bie / Startup ? Some of them are :
1. Is it so Easy to start Exports ?
2. If there is a Future in Exports ?
3. How much investment is required to start exports ?
4 . How to Choose the product to Exports?
5. How to procure the goods to exports ?
6. How to maintain the supply chain management in exports ?
7. How to get buyers in Exports ?
8. How to verify the buyer ?
And so on and on ..
In the last few years , We have seen the steep increase in a Startup choosing Exports / Imports as their startup , Just because here you are actually supporting a nation by your produce & in return you are earning a Foreign exchange to your home country .
Kickstarting a Exports Business without having roots in Business is possible when you actually Take up a Firm decision that you wana kick - start , No matter what suppresses you! Exports business is all about maintaining a Professionalism , System , Compliance's , supply chain management , FTP Policy .
In Order you get started in International trade Please bear the following pointers in mind :
- Make a 2 - Month plan where the company would run on NO PROFIT / NO LOSS . Yeah ! You heard me Right NO PROFIT / NO LOSS .
- If you have partners in your company Make sure , they understand & appreciate your decisions i.e a mutual understanding is more important than a eye on monetary benefits .
- Choose a Company which has Minimal Compliance's as you can spare some time on running a Business than running through compliance's .
- On Business of exports , A Firm Practical knowledge is mandatory where you at least get to know the foundation step of your business & understand on how exports business runs in terms of step by step procedures , compliance's , role of various government department's involved in Exports business.
- Once you take up the knowledge on Exports , Try Finding out a Product which you want to export . Hint : Low investment , Decent margins , Product Availability , Supply chain management.
- Then Comes Investment : A crucial Monetary role which rules the exports business , the investment in exports business are product investment , Shipping investment . This is the only two investment which is required while doing business . ( in this scenario you are called " Merchant Exporter " ) . If you have good connects with manufacturer / Producer who trusts you gives a credit then your investment is just the shipping . people who say you can start Exports Business on your own with Zero Investment is a Myth . You can start off at Zero Investment , when you have a buyer and you dont investments , you can share it with your trusted business man and earn commissions out of it . when people say you can start your own Exports business with zero investments its just a rumor as in order to get into this you need to have good connects / networks with Producer / manufacturer - Product investment & Shipping as well , if at all the product investment is zero downed , for the startups the shipping companies doesn't offer credits .
- Any LAY Man can start Exports of the following categories of products as it doesn't require much of your technical knowledge , i.e Agricultural Products , Apparel Products , Handicraft Products . Why this products only ? This are the majorly exported / Imported products globally & you dont need technical aspect of Knowledge unlike Chemical & pharmaceutical products .
- Product selection happens with : Whether the products are source-able , where it is available , when is it available etc . Product availability throughout the year , Transportation facility , quality control , packaging .
- Product selection is also depended on the investments made , Product knowledge ( takes time , but possible ) , Product availability , Understand the pros & cons towards procuring it , how long does it take to reach the port of loading .
- the market selection is also most important point towards Exports , There are two verticals to think upon , When you choose a country which is nearby , It is good for kick - starting it , of-course the demand is there but the congestion would be high , but when you choose a far away countries i mean where you require a pre - approval visa to land in there it would be of great systematic work , congestion would be less! So choose the market as per the demand in the market .
- Choosing the buyer : Today we are in the world of digital , hence getting a buyer is of no great deal , but getting a genuine , honest , reliable buyer is of a worry . If you want to get a international buyer sitting right back in your home country isnt enough , you need to Attend international buyer - seller meets , International trade fairs , international exhibitions in other country . If you want to sit back to earn a export order , two ways : Hire a Good digital marketer who has knowledge of International Geography ( Very less DM knows it ) or hire a Professional international trade consultant who can support you on end to end basis.
- Earning potentiality : There is a huge scope of work in this sector , provide you earn a recurring orders . A Min. of 1 Lakh - 10 Lakh a Month is possible for a Small scale Startup in Exports Business .
- Scope : Indian products are in demand all over the globe , it reaches indirectly via other country as well . So cheer up , scope is huge you just need to have the ball rolling.
You can still start Exports Business on a Part time basis , If you hire a loyal Exports Consultants who takes care of the business on your behalf and the loyalty shared . So starting off exports can also be done on part time basis and then you can dive into after you see the six months of transactions.
Hope this article helped you to clear your doubts , whether being a Non - Business professional can enter into International Businessman / woman .
I would be glad to know your thoughts , Please leave your comments below . The comment section is all yours .
Regards
Learn Exim
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