Reviews for Building an import/export business

The average rating for Building an import/export business based on 2 reviews is 2.5 stars.

Review # 1 was written on 2017-03-26 00:00:00 Geoffrey Reeser I am thinking of doing an export-import business. The lessons from this book are common sense, nevertheless they have probably prevented me from losing a lot of time and money. I will list down key points I have learnt: • The main thing is to have a buyer. If you have that, your chances of success rise significantly • If you are just starting out, choose to do either import or export business. Do only one thing first • It is easier to import, than to export. Exporting means, finding buyers overseas. Importing is easier, because you can more easily sell to local companies. • Use government resources. Governments normally makes organizations which support exporting from their countries • Products you sell should be utilitarian • Make a business plan before launching a business • Follow international news. They influence your business • Be persistent to a point. Set a deadline for yourself for your business to succeed. If not, move to something else • The lease risky way is to become a broker • Who can help you with work in the beginning? There should be at least 2 persons • The most important question- Who is your customer? • Learn about • Services you need: freight forwarder, customs broker, accountant (or a lawyer) • Join local chamber of commerce • Consider selling products online • Use trade statistics to understand which product categories might worth pursuing • It is always better to deal with a manufacturer directly, than with a middleman • Start with a buyer. Find a buyer, get his or her specifications, and then look for a product that will meet the buyer's needs • It is best to buy in your own currency, to avoid currency fluctuations • When you buy and sell produtcs- make sure you have legal documents in place. Best if it is possible to get distributorship rights. Specify that your commissions are going to be paid

Review # 2 was written on 2014-09-29 00:00:00 Jonathan Gould This book covers all the information about import and export in USA view point If the other country person want to read this book mean just skip the legal (gov rules of law and regulations ) and # think about (gov rules ) of your country law on that situation # This is a great book learn form it also + Easy to read + Common English used + Good content