Trying & Starting an Export business is one of the Greatest Startup in the WORLD , But why - You support Your country's growth & Give employment 🙂
**Coming to the point now , i am giving away Some of the Practical Tips over here !**
First - Learn the basics to advance in international trade ( To be frank no institutes / Consultant can help you learn unless you strive to learn it ) . Spending money more than 5-10k to learn is also not worth as this is not a Professional Course , as your aim is to do business and not to run a training center ( If at all you are planning to do it also is Perfect! )
Secondly - Practice what you have learnt , If you aren't implementing then learning becomes a Big question to you ! or you may have chances to Distract ( As we are so busy in the world ) When i say practice i mean try implementing what you have learnt.
Thirdly - Coming to the technical aspects , In exports you require the following - Product knowledge , Supply chain management , Logistics co - ordination , Buyer ( Very important , tricky ) , Documentation , Banking LAST But not the least Investment . This are the raw materials to start Exports business on a technical angle.
A simple Thought for a startups - Aim at Low investment product with decent margin and with Consistent order is a good to start with!
For Eg : Roses To Singapore , Philippines
How should you plan your startup - Product knowledge & Investment goes hand on hand , At some point of time i know there is a good demand of XYZ Product in ABC Country i have investment & know the market but lack - Sourcing , product knowledge , supply chain management . That puts off everybody in the industry , especially the merchant exporter . This is the back - bone to implement orders.
For Buyers , In todays Digital world , it is damm easy to generate leads than business . You cant generate a business sitting right back at your seat ( unless and until 1. you have a guy , again trusted guy to take care off if it goes bankrupted 2. You have some connection in your circle where you are confident . 3. if you wana spill your hard - earned money for nothing ) .
Getting a International business needs - Understanding of counterparts , mindset , credibility , Experience in trade , pressure to handle loads of orders , a professional expertise . this is how you build a importer who will stay back with you for a long time . i am trading with a single buyer from 6 + years ( This is how i build it ).
Once you have the basic knowledge in trade , Product knowledge , Buyer you are 80% Done in your trade , rest is just a peanut! Managing compliance part , taking care of logistics , banking are part of any business.
Hope this article has given you some insights , Comment your thoughts .
comment section is all yours Comment your queries happy to answer those as well
Share it if you feel worth reading among your Exim entrepreneurs !
Jai Hind!
#SanthoshRaghavan Santhosh Raghavan
**Coming to the point now , i am giving away Some of the Practical Tips over here !**
First - Learn the basics to advance in international trade ( To be frank no institutes / Consultant can help you learn unless you strive to learn it ) . Spending money more than 5-10k to learn is also not worth as this is not a Professional Course , as your aim is to do business and not to run a training center ( If at all you are planning to do it also is Perfect! )
Secondly - Practice what you have learnt , If you aren't implementing then learning becomes a Big question to you ! or you may have chances to Distract ( As we are so busy in the world ) When i say practice i mean try implementing what you have learnt.
Thirdly - Coming to the technical aspects , In exports you require the following - Product knowledge , Supply chain management , Logistics co - ordination , Buyer ( Very important , tricky ) , Documentation , Banking LAST But not the least Investment . This are the raw materials to start Exports business on a technical angle.
A simple Thought for a startups - Aim at Low investment product with decent margin and with Consistent order is a good to start with!
For Eg : Roses To Singapore , Philippines
How should you plan your startup - Product knowledge & Investment goes hand on hand , At some point of time i know there is a good demand of XYZ Product in ABC Country i have investment & know the market but lack - Sourcing , product knowledge , supply chain management . That puts off everybody in the industry , especially the merchant exporter . This is the back - bone to implement orders.
For Buyers , In todays Digital world , it is damm easy to generate leads than business . You cant generate a business sitting right back at your seat ( unless and until 1. you have a guy , again trusted guy to take care off if it goes bankrupted 2. You have some connection in your circle where you are confident . 3. if you wana spill your hard - earned money for nothing ) .
Getting a International business needs - Understanding of counterparts , mindset , credibility , Experience in trade , pressure to handle loads of orders , a professional expertise . this is how you build a importer who will stay back with you for a long time . i am trading with a single buyer from 6 + years ( This is how i build it ).
Once you have the basic knowledge in trade , Product knowledge , Buyer you are 80% Done in your trade , rest is just a peanut! Managing compliance part , taking care of logistics , banking are part of any business.
Hope this article has given you some insights , Comment your thoughts .
comment section is all yours Comment your queries happy to answer those as well Share it if you feel worth reading among your Exim entrepreneurs !
Jai Hind!
#SanthoshRaghavan Santhosh Raghavan
No comments:
Post a Comment