First step to start international export business


First step to start export business

First step of export business

I am getting lots of mail & WhatsApp regarding start to export business. I know everybody want to start this dream business but I don’t understand why people are not doing homework. To start this business you must have specific product. First, think on below
  1.         Which product you want to export?
  2.          From where you will get it?
  3.          Do you have enough supplier data?
After selecting product, start to find your market in the world for your product. Once you find the market of your product think about how you will approach to market?
  1. You can find your product market through DGFT website. You can find there detailed analysis data of all the product
  2. Once you found the market, Make a good informative website of your product & company and start online marketing to find buyer
After finding the buyer, do research on payment term and accordingly give them quotation. Do not forget to add CUSTOMS, TRASPORTATION & SHIPPING cost. You can add that cost in your product value than add your profit margin as per below

YOUR PRODUCT ACTUL VALUE + TRANSPORTATION + CUSTOMS + SHIPPING CHARGES + YOUR PROFIT MARGIN = YOUR FINAL PRODUCT VALUE

I   Hope this post will help you to understand easily about international business.

Best of luck & keep it up…

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