Sunday, January 11, 2009

What a fabulous venture the import export business is

By Neil Baulch

If you are looking for a challenging career field, one that will let you learn new things every day, one which not many people know about, then you are looking at the import-export business. Is this career field as glamorous and exciting as it sounds? You better believe it! Is there another career field that will let you fly off to another country, learn about the customs, and look for particular items in far off places? The import-export business can be challenging, rewarding both financially and personally, but there are many risk factors as well.

Although you probably don't know this, many people work in the import-export trade in one way or another, but there are cultural factors, weather factors, and ecological factors that you have in this business, which you don't in any other type.

Of course, how well you do, will also depend on what the product you are selling is , who you are dealing with, and what your financial capabilities in the country you trade with are.

Your Sale

Marketing will depend on the country you are selling in. Every country has different marketing strategies that revolve around a country's beliefs, products, and the purchasing power of its consumer. It depends on factors ,like bank financing, credit card availability, and whether or not the country you deal with is a consuming country,or not.

Follow Government Rules

Importers-exporters have to deal with a country's export trade laws, so you need to know what these are, and whether your product can meet those requirements or not. Find out about these laws at the federal trade commission. Many countries include websites where you can find out most of this stuff.

The same holds true for the import policies of the country you are importing to. These will also differ from country to country and will depend on agricultural and product regulations. These requirements are often online or at the country's trade commission offices. These requirements are not generally difficult to meet, and often it is just the filling out of a form, and paying importation fees that is needed.

Transport

When you are in the import- export business you will learn about all types of transportation. You will know which is the cheapest, but the slowest, which is the fastest but the most expensive. You may even get creative with transportation at times. I remember, once because of weather conditions, I had to contract a Cab to transport some material from one place to another, to get it on the barge on time.

Import-export is a business with the same responsibilities of any other business, but it is exciting and full of adventure. You have to be open to learning about other customs and you need to be creative in communicating your needs (that includes using sign language). It is a field that is interesting, and different, everyday you will have new and exciting experiences.

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