Thursday, December 9, 2010

If You Want to Learn How to Import Export Follow these Steps

If you’ve been thinking about a career in import export, you’ve probably been looking for courses on how to import export. You’ve probably seen numerous online courses, numerous colleges and universities where you can invest your time and money.

This article will give you a simple step by step instruction on how to import export the products you are interested in.

Let’s start from the beginning:

* Write down your goals, make this step as detailed as you can, including the amount of money you want to earn, the hours you want to work, travel, house, living conditions.

* Honestly list your strengths and weaknesses, with respect to your weaknesses. Remember if you can’t do it, you can always pay someone.

* Think about the Product you want to import or export.

* Decide on your business structure, i.e. sole trader, partnership and corporation. Often it is advisable to speak to an accountant or business attorney.

* Start your business plan including: executive summary, plan, financial data and supporting documents. Start with an outline and show it to some business people you trust to give honest feedback.

* Name your business, nothing too outrageous; remember it’s best if your name gives a clear understanding of what you do.

* Organize your office

* Work out your product storage and distribution or whether you will be drop shipping products.

* Order your business cards

* Start your market research

* Make contact with: banker, accountant, attorney, freight forwarder, and customs brokers.

* Decide whether you’ll be importing, exporting or both

(Stay with me. I know this process can be daunting but following these steps on how to import export will help you avoid missing important details)

* Research information about the country you are interested in importing or exporting to.

* Research Shipping options

* Find out about potential grants

* Make final product choices.

* Find suppliers

* Ensure you go over all contracts with your attorney

* Research customs procedures

* Research customs brokers

* Work out your product’s ‘Classification’

* Collect all regulation paperwork

* Work out your marketing strategy

* Internet site

* Analyze the competition

* Decide upon your financing method

* How will your consumers pay you

* Pick a economic bookkeeping system

* Complete your documentation for fees, permits etc

* Complete your advertising and marketing and business plans

* Plan for your 1st purchasing trip

Clearly this is really a checklist and not necessarily a in depth description concerning how to import export, yet, checking off every item will allow you to ensure you haven’t ignored crucial details in your export import enterprise.

Any time you are in need of further material concerning How to Import Export or you wish to find out the nuances of operating an import and export organization then check out and claim your absolutely free report.

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