What is an import export business?

Import export companies, also known as international trading, are one of the hottest trade trends of this decade. American companies trade with more than $ 2.5 trillion a year in goods, of which small businesses control over 95 percent. As the owner of the import company, you can work as a distributor focusing on the export and import of goods and services that cannot be obtained on national land (eg Russian caviar and French perfumes) or those cheaper in importing from other countries (eg Chinese electronics). In addition, you can also open export management (EMC), where you can help the existing market for its products in a foreign country to ensure transport and storing goods for them without actual sales. EMC can specialize in one industry or work with different types of importing manufacturers. It is also possible to act as a broker for society and work on a commission over real sales. This is a great choice for products that are guaranteedy sell due to high demand or established brand. Over the past few years, countries in the former Soviet Union and South America have become the main players, but they will still learn about trading in these new markets.

The opening of the import entrepreneurship requires an initial investment of $ 5,000 or more, depending not only on the type of goods you set to the market, but also whether you are planning to work from home or rent an office, hire employees, etc. Compared to other businesses, but Import Export companies have very low starting costs. While most products can be exported without the need for licenses, some specialties produce or high -risk objects such as firearms or medicines, may require a special government permit. If this is the case, the costs may increase significantly higher.

In order to begin, it can be wise to consult with localby the Commercial Council (or the Chamber of Commerce in Smaller Cities) or to call consulates and embassies to see if they have imported export programs. Many embassies even have a special department for promoting exports of their goods to other countries and is more than happy to help potential import traders.