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International Buisness

International Business

Have you thought about becoming and importer or exporter? If so, there is plenty of opportunity for starting a business in either. This is due to the demand both ways for products. However, there are some very important things to consider before getting your business up and running. For example, if you were going to start an exporting business; were you aware that more than 95% of the consumers of US produced products do not live in the United States or that foreign countries hold at least 2/3 of the global purchasing power? There is much to contemplate with an importing business as well.

The First Steps First

You will need to get all the little, but very necessary things done first such as any licenses, tax ID, importer or exporter number, a DBA, business bank account, a website, phone, possibly and office or warehouse space, business cards, office equipment, and so on. This may sound simple, but there are several steps before you will actually begin exporting or importing from China or any other country.

Research and Know your Products

Even if you want to be a Japanese car importer or import fabrics, research where the products is coming from, as different countries have different standards. This means a shirt make in the US could have a lower quality when made outside of the country. You will also want o research things such as shipping fees, import/export taxes and fees, permits, and even restrictions.

For importers and exporters there are many ways to sell your imported products like online, in a shop, in a retailer or big box store, catalogs, or even keeping it low key at flea markets or conventions. It is about doing all the necessities and research first in order to have a successful business.

 




 

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