So you want to sell your products to the world? You have come to the right place at the right time. Blessings of the internet, setting up an import/export business can be ridiculous and very profitable. Here are the ways to be here.
Choose your business name and set up a website and blog.
Without a website or blog, you can’t find network import/export business. Give yourself a platform that allows you to grow your online presence and grow your business beyond your greatest imagination.
The goal is to manage the flow of contacts, sell products online (or offline), and build your customer base to drive the profits of your international business.
But first, register your business name with an impossible web host because your domain name is used to find your business and business. And legal advice and advice from an international lawyer, banker, and accountant to set up a virtual import/export business and advice.
Maintains financial status. Some places to start with a website are Network Solutions, Go, Dad, Antivo, and Verio. All offer domain name registration and affordable web hosting packages with easy-to-use site building capabilities.
To create a professional blog that allows a constant flow of communication, try Blogger, Type WordPress. These services allow you to create a blog in minutes with excellent design, reliable hosting, and on-demand support.
Pick a niche product to import or export.
You can’t have everything for all customers. Decide on something and stick with it. There are two compelling reasons you choose a product to import or export: you know it will sell, or you will like it.
Hopefully, you can meet both standards.
Find the right market.
You have selected the product; Now you must find a place to sell it! If you do a good job of spreading trending trends or potential trends, you will improve your winner’s choice. Before becoming a super seller in a country, being on the ground floor can succeed in importing or exporting a product before that.
Do the housework and explore the best potential foreign market for your products or services before the market. Two platforms to check are the World Bank’s “Ease of Doing Business” and the Global EDGG’s “Potential Market Index.”
You can also check with local government officials to determine the source of the market investigation. For example, in the United States, the domain of Commerce is the International Trading Administration’s Statistics and Analysis and the US Census Bureau’s Foreign Trade, which oversees the reporting of all import/export data. These resources will determine where the world’s products and services are coming from and how and in what process to move forward.
Source, a supplier
Once you have a potential import or export product in mind, learn everything you need to know about it. If you were the creator, how would you improve it? Go to a manufacturer and improve the product to move it a little bit further. Your suggestions may mean the difference between a Sony Walkman and an Apple iPod.
The easiest access to reputable suppliers may be Alibaba, Global Sources, and Thomas Register. There are others, but it is considered the holy grail to find three high-quality suppliers, manufacturers, exporters, importers, buyers, wholesalers, and business leads.
In continuation of our first installment, which covers creating an approach/map related to import/export business, we provide sales and distribution aspects of setting up an import/export business.
Product prices
An import/export business model is based on two key elements in international sales operations.
- Volume (number of units sold).
- Commission on this volume.
The goal is to ensure that your product does not exceed your commission (customer markup on the product) in a way that is willing to pay your customer and offers you a healthy profit. Typically, importers and exporters get a 10% to 15% markup on the price you charge a manufacturer after buying a product.
The more you sell, the more you do. Because your product pricing stays separate from logistics, you combine the two to set a pricing per unit. A good transportation company can help here. Don’t let this part scare you!
Find customers
If you have done a good job searching engine optimization on your blog or website, customers will find you. But disagree. You should also hunt for customers! Check with local contacts, such as commercial establishments, chambers of commerce, embassies and trade consultants. They generally have a good sense of what is going on in the international market. They can offer contact lists tailored to your industry and suggest trade shows that are local and international to help you connect with customers quickly and efficiently. Is.
The best service at the export end is the American Commercial Service (CS) Gold Key Matching Service. US CS can help you find potential foreign agents, clients, sales representatives, distributors, and trade partners.
At the same time, also work your social media and networking platforms (Youtube, your blog, Facebook, LinkedIn, and Twitter) with specific questions about the needs of your audience by posting information about your product or service. Communicates and make sure it relates to your business. The vision is to keep your business in the minds of potential customers worldwide.
Transport your product
Next, focus on logistics – from transporting the product to selling it. So far, you’ve located a customer who loves your product, strengthened the terms of sale with them, and established a means to pay. Now you must move your product.
Do a global freight promoter who acts as a second warehouse agent to move cargo, usually from one factory door to another warehouse. Their service saves you an effort, a lot of time, and concern for a very reasonable time. According to the information you provide, they take care of all shipping arrangements, including handling documents, arranging insurance, if requested, and the necessary licenses, permits, quotas, tariffs, and restrictions (country rules). One of the most complex aspects of importing/exporting for a newbie international trader.
You can find online freight forwarders online by checking the listing in “Movements” or trade magazines or other international handbooks. Choose two or three that look like a good fit for your product or shipping destination.
The two leading companies that want to work with brokers, consultants, and small businesses are UPS and Fed Express. Or even get paid, an important part of the international sales process.
Provide great global customer service
The relationship between you and your foreign customers should not end after the sale. If anything, it requires your attention.
Think about following your after-sales on your import/export business as part of offering your products or services. The first step is to say, altogether – whether via Skype, email, or telephone – “Thank you for your business!” To learn more about how to provide great global customer service.
