by Jennifer Henczel
ISSN 1916-2332
I hope you are enjoying Import Export Coach Ezine.
In this issue:
1. What's Holding You Back? Start your import export business today!
2. Import Export Smart Start
| What's holding you back? Start your import export business today! Start off slowly Many importers begin their business on a part-time basis until it really takes off. You will find yourself with a number of decisions to make a lot of groundwork to lay before you can cut that first deal so before you begin your business, you may want to take courses in import - export at your local college university. Collect Information The Government Printing Office has many publications available to help round out your education. You may wish to make contacts at brokerage or transportation companies and tap into their expertise. The more information you have, the better your chances for success. Start Building Your Team You will also want to determine the extent to which you plan to use the available support services. You may wish to use an import agent or broker to handle the foreign end of the transactions (for a percentage fee). Customs brokers and freight forwarders can grease the process too, but for another fee. Find out what transportation is available and which is the fastest and most economical. Check your Yellow Pages or contact local air - or seaports for lists of suppliers. But be careful, your name is on the deal and your reputation is a stake. Check them out! Know you Industry Before the goods you are importing shows up in this country, you will need to decide how you intend to distribute them. You can sell your goods to a U.S. agent who will then redistribute to retail or wholesale buyers or you can find buyers yourself. If you choose to sell directly, you will need to have a marketing staff to find buyers and go to trade shows in your industry. Although your initial costs will be higher if you market directly, assuming you can find a buyer for your product, your profit will also be much higher. You can do it! |
Enjoy!
Jennifer Henczel
The Import Export Coach
www.importexportcoach.com
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