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Your 6-Step Guide to Starting an Import Export Business

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Import export

Hi everyone, Eric Goldschein here from Fundera, and I want to talk to you about starting an

import/export business.

No matter what’s going on with the global economy, there is always going to be an import-export

market.

Whether we’re talking capital goods, consumer goods, equipment, food and beverage, or any

other category, importing and exporting is an industry worth hundreds of billions of

dollars.

That’s because, for almost as long as there have people, there’s been trade.

Importing and exporting is how you’re able to get clothing from China, olive oil from

Spain, cars from Germany, and so on.

So if you’ve identified a product that you think could be a hit in another market, it’s

time to explore how you can import and/or export it, and make this into a business.

Keep in mind, there’s more than one type of import/export business.

You could start an export management company, or EMC, which exports goods for a domestic

business that wants to sell to a different market.

An EMC hires dealers, invoices all the necessary parties, and deals with things like advertising,

marketing, packaging, shipping, fin ancing, and more.

You could also go the other direction and start an export trading company, or ETC.

An ETC figures out what foreign markets want, and then finds domestic sources that can deliver

that product.


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