1,557 views
HOW TO START IMPORT/ EXPORT BUSINESS AT HOME

HOW TO START IMPORT/ EXPORT BUSINESS AT HOME

An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority.

Import

An IMPORT is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade.

In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions."Imports" consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents.




Export


The term export means shipping the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" and is based in the country of export whereas the overseas based buyer is referred to as an "importer". In International Trade, "exports" refers to selling goods and services produced in the home country to other markets.

"Foreign demand for goods produced by home country" In national accounts "exports" consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.The exact definition of exports includes and excludes specific "borderline" cases.




HOW TO START AND OPERATE YOUR OWN PROFITABLE IMPORT/EXPORT BUSINESS AT HOME?

 The import/export business are very successful business.Its not only does it require little financial investment to start, but it offers the prestige of working with clients from all over the world.

You don't need previous experience in the field, but you should have a good head for organizing. Fulfilling a successful import/export business requires constant attention to little details.

Do you know some local manufacturers looking for ways to increase their market for the goods they make? Or are you planning a trip abroad and want to make some contacts for setting up a business?

If you have an ability to sell, and an air of diplomacy, the import/export business might be right for you. All you need is the desire and determination to make it work.

As you progress in the business, many factors become obvious and easy to handle. For example, you'll need to find a person to handle shipments, called a freight forwarder. And you'll need to create solid contacts and strong relationships with reliable suppliers. But after a short time, you can be well on your way to making a sizable income - with a very low overhead.

Do you like the idea of running your own business? How would you like a tax deductible trip to foreign places a couple of times a year? The advantages of an import/export business are great.

The biggest advantage is the money you'll make. Once you get the business underway, the commission for setting up sales is very profitable. And after you establish and maintain a number of exclusive accounts, you'll find the time you spend is highly rewarded with money.

Take a look into the import/export business.




Business Overview

Publishing a biannual import/export opportunities directory in printed and electronic format has the potential to make you rich, as millions of budding entrepreneurs worldwide are constantly on the lookout for income and business opportunities. Simply create an import/export directory that features information about worldwide manufacturers, wholesalers and agents that are seeking to expand their product lines into foreign countries and new markets, or individuals or companies that are seeking to import particular products into their regions. Charging a fee to be listed in the directory, as well as selling the directories to people who are seeking this type of valuable and potentially profitable information and contact sources would earn revenue for the business.




Share this:

About the Author

eStartupseStartups is developing an ecosystem in India to inspire and support students, aspiring entrepreneurs and startups to solve persistent problems, develop breakthrough innovations

View all posts by eStartups