UNDERSTANDING HOW IMPORT & EXPORT BUSINESS WORKS

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UNDERSTANDING HOW IMPORT & EXPORT BUSINESS WORKS

In order to understand how import and export business works, let first define, the words, Import and export!

What is import? The word import could be phrased in business transaction as importation, imported, and or import. Whatever, import or imported goods are commodities and or goods that are manufactured outside your country of residence, and brought in for sales, usually referred to as imported goods/commodities. The demand for this type of commodity/product/goods is usually from countries where the commodity is either not available, not enough or those available are of lower quality. Consumers are always in need of new trend, new invention, and of cause higher quality goods from foreign manufacturers. You can come in. we will teach you how.

What is export? These are goods/or commodities that are manufactured in your country of residence. To say it simpler, the goods that do find foreign markets are exports.

To further explain for your understanding of this topic “how import and export business works” is to inform you that, even in the so called industrialized region, including Asia and North America few manufacturers distribute goods outside. I mean Asia and U.S manufacturers are yet to meet exportation needs. This makes it obvious to you that most manufacturers in  Asia, America, Europe, Middle East and Africa would embrace a Worldwide market, even if the opportunity would be from you, and its not been easy for companies that are limited in scope and abilities. Its here you make yourself available. We would teach you how.

Making yourself available is making you an import or export agent. Meaning, you become a matchmaker.

Please be wise and note from the above that Manufacturers within your community, state, country or region are looking for foreign distribution; again foreign Manufacturers want your own market too. What we are saying is that manufacturers in Mumbai wants Lagos/or Nigeria market, Nigeria wants U.S market, UAE wants Africa market, and it continue like that. Just continue to deepen your research for “who want what and where”. Find them, make yourself available for them, make solid connection, and initiate a Business relationship with those manufacturers /or companies.   

Don’t forget all you want is that money! And the good news is import or export commission is fat enough, sometime to make fortune. The universal commission is usually 10%. You can imagine you having Ten percent of $100,000, $500,000 or 10% of a Million dollars. Don’t say my example is large; it’s very possible if you catch a transaction, involving say machinery, modern Hospital equipment, raw material, or even computer.

The market is unlimited and there are hundreds of manufacturers looking for foreign distribution. Sporting goods, clocks, electronic games, radios, house wares, garments, tools - anything can be readily imported or exported if there is a consumer demand and if you can get the products.

Most Government of this World encourages exports. Indeed, it is those sales that keep our balance of payments with the vast amounts of goods that are imported. And you'll find government agencies helpful in establishing your business.

 This business is for you. Start talking with people on this Topic; think the risks, the ups and downs, and the advantages. And don’t stop moving. Be sure you will be there. 

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