Import Export Business Full Process | How To Start Import Export Business | Earn 1 per Lakh Month

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Starting an import/export business
If you’re interested in starting an import/export business, there are a ton of considerations you need to make — just as you would for any business. For an import/export business, specifically, it’s helpful to have a background in business, international relations, or global finance. This should give you an understanding of the myriad hoops one must jump through to sell or buy a product from an overseas supplier.

1. Get your business basics in order
Anyone starting a business in the 21st century needs to cover certain bases, like creating a website as well as social media channels like Facebook, Twitter, and a host of others.

2. Pick a product to import or export
The next step in starting an import/export business is to find a product or industry you are passionate about and that you think could sell in international markets.

3. Source your suppliers
Once you have a product you’d like to trade internationally, you need to find a local manufacturer or other producer that makes your product and can lead to a strong partnership. A good relationship with a supplier is crucial to long-running success in an imports/exports business.

4. Price your product
You know what product you want to work with and you've identified your target market. Next up, figuring out how much to charge.
Typically, the business model on an imports/exports business includes two key understandings: the volume of units sold, and the commission made on that volume.

5. Find your customers
Next up on how to start an imports/exports business? Finding customers to sell to.
Deciding on a market is not the same as finding your customers. You can’t just send your products to the Port of New York and start selling your wares on the docks to whoever walks by. You usually need to find distributors and clients who will take on your product and sell to others.

6. Get the logistics down
Perhaps the most complex aspect of importing and exporting is the logistics of taking a product created somewhere and selling it somewhere else. How does the product make the trip from the vineyard of South Africa to the wine glasses of drinkers in California, for example?

“When you are operating within a supply chain where your customer is different than your client, which is different than your consumer, it requires an extraordinary amount of coordination,” says Cuffe. “I use a freight forwarder that on my behalf reaches out to shipping lines, like Maersk.”

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