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Globalization has presented vast opportunities for businesses for the people who have entrepreneurial skills. The export import business can be quite lucrative if it is done in the right way. However, there are certain major hurdles in the path of the potential entrepreneurs, such as:

The intricacies of export import business.

The plethora of rules and regulations that are imposed for safety of the consumers.

The protective stand of several governments for their local industries.

Red-tape barriers.

Delay in shipping due to dearth of adequate infrastructure of goods.

Custom clearance

Customs valuation

Lack of transparency in procedures and rules for overcoming bureaucratic problems.

Due to the above mentioned hurdles in export import business it is not surprising that many businesses are clueless about where to start. So, they just give up in sheer frustration. However, the smart business entrepreneurs who do not want to miss any opportunity of growth hire an import-export specialist who can guide them through the intricate issues.

Here are some useful guidelines that can help one securing a firm foothold in the export import industry:

A business plan is a great way by which one can give a sense of direction to one’s business. It is also a good yardstick to evaluate company performance. Hence, one should write a business plan.

The business plan should be executed properly too.

A good business plan should provide for unanticipated events and a sound solution for them. Contingencies should be made an integral component of a business plan.

The export import industry is regulated with special rules that can affect players in this market. So checking out the regulations and tax rules in one’s country is essential.

The market should be understood well for selling effectively.

In order to avoid missing an opportunity to sell it is essential to have available stocks where and when the customer wants it. Identifying and maintaining good business relations with a supply chain helps in getting a timely product delivery.

The products should be positioned well so that there can be timely deliveries.

The internet should be utilized because it is a quick, reliable and the surest medium to reach the customers. It is a cost-effective tool for facilitating sales, feedback and deliveries.

One should establish a proper customer feedback mechanism. The customers would definitely select those providers who respond to their requirements.

The company performance should be checked regularly. The business plan should be used to gauge performance and help to bring about necessary adjustments or changes. This makes certain that one is on the right track.

With the help of these guidelines one can easily overcome hurdles that exist in spite of the new avenues that have opened up because of globalizatio

Use this Exporter-Importer Business Transaction Checklist to discover possible violations of the Export Administration Regulations and 10+2 Importer Security Filing Regulations.

Here is a list of Red Flag Indicators:

o The exporter, importer or its address is similar to one of the parties found on the Commerce Department and U.S. Customs and Border Protection lists of Blocked, Denied, Entity and Debarred Persons.

o The exporter, importer or purchasing agent is reluctant to offer information about the end-use of the item or it’s country of origin.

o The product’s capabilities do not fit the exporter’s or importer’s line of business, such as an order for sophisticated computers for a small restaurant.

o The item ordered is incompatible with the technical level of the country to which it is being shipped to or from, such as semiconductor manufacturing equipment being shipped to or from a country that has no electronics industry.

o The exporter or importer is willing to pay cash or accept cash for a very expensive item when the terms of sale would normally call for financing.

o The exporter or importer has little or no business background.

o The exporter or importer is unfamiliar with the product’s performance or characteristics.

o Routine installation, training, or maintenance services are declined.

o Delivery and shipping dates are vague, or deliveries are planned for out of the way destinations.

o A freight forwarding firm or third party is listed as the product’s exporter or seller on the shipping or commercial invoice.

o The shipping route is abnormal for the product.

o Packaging is inconsistent with the stated method of shipment.

o When questioned, the exporter or importer is evasive.

If you have reason to believe an exporter or importer is doing an illegal violation, you may report it to the Department of Commerce by calling its 24 hour hot line number: 1 (800) 424-2980.

 

International business is one of the oldest and the most dynamic forms of commerce. To be successful in this age old trade one has to have certain acumen, discipline along with know how that should be strictly followed for success – Accomplishment or success is then not only in terms of profitability but complete professional satisfaction as well.

To become a successful entrepreneur you need to be a passionate salesperson, a dynamic leader, an enthusiast at tracking shipments and should have a fine eye for invoice details. A keen eye for new market opportunities in terms of countries and products is sure to take you places.

It may be a smart idea to first work for an export firm since it will familiarize you with the industry before launching your very own business. You will learn the integrity of the trade and will have a background to support you. To be a successful entrepreneur one has to be smart and quick with ideas and decisions. Look for markets where your product is fairly new or if your product is already present in large quantities look for ideas that will attract international customers only to you.

It is extremely important to define your target customer. Know them thoroughly before you offer them your product- a good market research is advisable that will surely take you to new heights. Knowing the clients language will help you to connect better with them that will finally have a positive impact on your export business. Once the client and the products are narrowed down carve a specific niche for your self that is completely exclusive to your company. A niche is a unique angle that will set your firm apart from the hoard of other exporters. Always remember to acknowledge your clients and give them complete customer service before and after the business deal. This will win you over not only the present client but many more.

Authorhttp://ezinearticles.com/?expert_bio=Aana_Sharma

Aana Sharma - EzineArticles Expert Author
For more detail please visit Cybex India or email info@cybex.in

If you are the kind of person that enjoy travelling, meet people of other countries and been recognised internationally, been your own boss then starting your own import – export business is for you.
Just recently I discovered that not just tangible goods can be import or export also you can export or import Services in other words your knowledge which can change the way that you are focusing your professional carrier. I decided to divide this article into two parts.

Let`s start with the first part.

Tangible products exportation: One of the most important thing that you have to do is know your product, find what market requires your product and if you are competitive on it by studying your competition. Not less important in this process is to ask yourself which is the best way to send your product to your client.

The terms in which the negotiation will be developed are different if the importer imports a good quantity of goods constantly or once in a while. In the first one the importer will prefer to choose how the goods will be send because has deal whit the product and with the cargo company and he can get a better price which is not the case if he just does it once in a while in that situation the best is to see who gets the best cargo price.

To finish this part I will like to recommend been very aware of all customs regulations otherwise you will on delay which in international business have monetary consequences like contract cancellation, good damages, etc.

Second Part

Service Exportation: the service exportation is not a well know activity because governments don`t have regulations that allow them bring together information and have some statistics.

Examples of services that people export are an e-book or software that is selling on internet. In countries like the United States is becoming a big industry where people is gaining a lot of money and in which countries like India have a big opportunity.

In the recent years India has become one of the most important countries in software development as a matter of fact a lot of software development companies are outsourcing with Indian companies we can say the same thing for Pakistan who is becoming a leader in web design offering people all over the word getting a web page design without been Pakistan.

Another kind of service that is exportable is the Transfer of consumers to their country to the export country two good examples of this are when universities that are recognize for their academic programs have students from other countries and Hospitals or Doctors that are recognize for their specialization in treat certain disease.

The above mentioned bring to the export country two important things. First to develop a good educational level and motivation to innovate in that particular field, second is that these students and patients spend money while they are in the country helping the economy.

Finally the last example of services that can be exported are Temporary transfer of persons to one country to another to render a service. Telecommunications companies, engineers and doctors or anyone can export this kind of service for instance when Doctor travel two or three times per month to operate in a different country or engineer that are require to ensemble a machine or an expert in certain field that is hire for one company to help them. This brings to the export and import country benefits.

In conclusion countries should worry to develop a mechanism to help them to control and increase nor just the export of tangible products but also the export of services that develop educational system and that give good money to the economy.

Author: Rosa Maria Ramirez

Get Daily Customs Shipment Data Online

So, to start a successful home business, what resources and steps do you need to take?

* A clearly laid out business plan. Without a business plan and goals to achieve, then you can not get anywhere. A business plan will map out what you need to succeed and how you will achieve your goals.

* Good research. Whatever your business will need, you will need to be well informed about it. So you will need to do me research so that you become an expert on the niche, product or service. Knowledge about the business is an importanthome business resource, so you must do the necessary research to be well-informed about the industry or product/service.

Get Genuine Buyers suppliers shipment records online

* A well set-up office. Your office is another important home business resource. You will need to be productive while working from home. You will therefore need an office that has all you will need to run a smooth business; a computer, printer, internet access, fax, telephone, business cards and a conducive work environment. A suitable desk and appropriate lighting in your office is also an important resource that is often underestimated in its importance. You will sometimes work for many hours in a day, and your work space needs to be comfortable. Allocate some money towards setting up a working environment you will enjoy working from everyday!

* Some money to cover capital outlay and running costs is an important home business resource which you will need. Any business requires some form of investment, and you will need to know how much you have, and how much investments and ongoing marketing your business will need for it to succeed. It is therefore recommended that you start your business while you are still employed, so that you have some income to live on while you are still building your business.

* Support system. This can be a mentor; someone who has succeeded with a similar business, or simply your family and friends. You need to have people close to you who will encourage you and give you any support you need. You can also join a forum of people with the same business like yours. A good support network is a very importanthome business resource.

* Business leads and clients are a crucial home business resource. Making and creating contacts and networking is very important – you need to start building your potential clients base before you launch your business. Start marketing your business by giving away some products and services. By creating a relationship with your potential customers, you build trust with them, and when you launch your business, it will be easy for them to buy from you.

* Be professional! The way you run your business and relate to your customers is very important. Be prepared to ‘go the extra mile’ with your customers. Care about your customers, and provide all the information they may need.

* Hire any professional help you may need. Treat your business professionally, and if you need the services of a lawyer or accountant, hire/outsource it. It is more productive and effective to get experts to do what you can not do, leaving you time to focus on your business. You will want to do the best for your business; so if there are any homebusiness resources you do not have, outsource them.

If you have the home business resources outlined above, then your business will succeed. Although your home business may only be a small venture, treat it like a real business, and get all the homebusiness resources any business will need in order to be successful.

Jeff Casmer is an award winning internet marketing consultant. His “Top Ranked” Earn Money at Home Directory www.24hourwealth.com gives you all the information you need to start and prosper with your very own Internet Home Based Business.

Related Post:

How to Start an Export Import Business

Benefits of Export Import Data

How to Import or Export – Chemical Products

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