subject: Learn About The Export Business [print this page] One of the earliest forms of business was exporting. If truth be told, exporting has been the cause of a lot of what has happened to the world, new lands had been found, war had been instigated and business relations worldwide had been formed. Like the explorers in olden times, people are realizing that engaging in the business of exports is exciting, adventurous and financially rewarding.
Most people are under the impression that they need to make a huge investment to operate an export business, but don't be misled, study shows that a big percentage of export businesses are owned and operated by small companies.
Choosing which type of business you would like to export would be the initial step in setting up your export business. There are three major type of export businesses: Export Trading, Export Merchants, and Export Management Companies. In Export Trading, you target the specific products that are in demand in foreign and international markets and focus on finding these products to them. Once you have located the goods, it will be up to your company to export these goods to the buying company.
Businesses or individuals who buys produce directly and then later sell them again to other markets are called Export Merchants. This kind of export business may handle different type of goods and deal with more than one particular market. They don't work on commission or percentages and work only for themselves.
Export Management Companies assists other businesses in their exporting needs. Picture a company needing help in exporting products abroad, this company has never done this before and doesn't know where to start. They hire the Export Management Company to see to all matters concerning the exportation of their products. Basically, the original business employ them and pay them through salary or percentages of successful transactions.
Get to know state, federal, and international laws before your enter the export business, there are specific laws that govern the international trade and foreign business and it will be in your best interest if you are familiar with them before you start your business. If you want to gather more material on how to start an export business, then go to your local small business administration.
by: Vincent Fischer.
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