We hear about import export business every day as just about anything in this country is imported from somewhere, but few people really understand what to do to get started in import export business and how things really work.
Manufacturing in the Third World and Importing into the United States has become a necessity in order to cut costs and compete in today’s market. Involvement in import export business and International Trade must become an inherent part of any successful business operation today as more than ever before the whole world becomes your market place!
It doesn’t matter what business you want to start, eventually you’ll need a product to sell, you’ll need a product/products to help you sell other products or offer service based on those products. Whether you buy goods from wholesale suppliers for resale or manufacture products you sell you must always look for ways to cut your costs. If you manufacture you must look to sources of not only skilled labor but also low-cost labor to keep your overall cost of doing business down. It’s an undeniable fact in the way business is done today that in order to cut costs and stay competitive, you must start looking overseas, globally, to where skilled and low cost labor may exist and product can be bought for less, not only within the boundaries of the United States! You can not succeed in any business venture these days that involves retail or wholesale of some kind, if you don’t consider buying your product or at least part of what you sell overseas!
I learned the hard way, by trial and error, as when I started 35 years ago by importing from India, there was no Amazon.com, no guidebooks, no courses…