If You want to start an Export Import business in India then you have choose the right place for starting their Import-export business.A huge amount of Export-Import foreign companies started and investing in Export-Import Business in India.
There are a lot of considerations to be made while starting a business in International trade but if done correctly it can be a simple and profitable business.
If u have a background in business or in international relations,this helps you to give you a better understanding of difficulties,that comes when you are into business of buying and selling of a product from an overseas supplier.
1 . REGISTRATION OF YOUR BUSINESS AND YOUR WEBSITE
The first step to starting their business of Export –Import in India first of all you have to registering your business with location of your headquarters.
Getting required business licenses that you will need to operate a business legally,a website and social accounts to develop a presence and grow your business.
After this,you are ready to sell your business,expertise and capabilities in the world.
2 .PICKING UP A PRODUCT OR SERVICE TO IMPORT AND EXPORT
The next step to start a successful Import-Export business in India is to find out a product or industry that you are passionate about and you know it about,and you know it you can sell in the international market.you can conduct your business research and test your ideas.
3 . FIND THE RIGHT MARKET
You have to research for the best potential foreign market for your product or your service.ypo are able to spot the trend in Importing and exporting of your product in a particular country.
4 . LOCATE YOUR SUPPLIERS
5 . FIND YOUR CUSTOMERS
You will need to find clients and distributors who will be interested in take your products to sell to customers.If you have a website,you can start the digital marketing campaign to find your customers.you can check your contacts,get a list of contacts from trade consulates and embassies.you have to work on your brand awareness and also you have to work on your socialmedia to increase the awareness of your brand to get traffic and backlinks.
6 . LOGISTICS
Now you have a customers who really want to purchase your product,the most important part of an import-export business is logistics.you have to move your product easily where you want to selling it,through transported your products from a factory to a warehouse and save lot of time and money,hiring a good cargo carrier is the best idea.
Once you give all the information about your business product,they will arrange shipping agreement ,insurance even the licenses and permits,so onrequired for transportation to another country.
7 . Pricing of your product
The one of the most important part of import-export business is the pricing of your product in such a way that the total price of the product should not exceed what the customer is willing to pay including your commission.