Post by Trade Coach on Nov 26, 2017 13:33:53 GMT 1
Have you ever desired to start your own importation or exportation business? Are you good at identifying foreign products with local market potential? If yes, then here is a detailed guide on how to start an import export business online from home.
If you are looking for a good way to start a successful business from nothing and get fun while doing it, then starting an import export business might be your perfect answer. Aside that this business can accommodate anyone regardless of the size- of their investment capital, it also offers the prestige of working with suppliers from all over the world.
If you know the basics of how to start an import export business, you should endeavor to engage in such trade because it is highly lucrative and profitable. Though it is very competitive business, it is not complicated.
The import export business simply involves buying and selling of both foreign and domestic goods for a profit. The import/export business is one we at The Thy Global Investment also engaged and have had a taste of; we help willing will-be import/exporters and train them on how to get started and succeed.
There are 16 countries that make up West Africa. Namely: Benin, Burkina Faso, Ivory Coast, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo and each of these countries are rich in either agriculture or mineral resources.
Do you know that the basic principle behind importing and exporting is based on someone who performs better or worse as compared to what we are doing based on product, function or area of expertise? However, if we are doing better, the best thing to do is export our goods – as determined by price and perceived value.
These are the list of profitable businesses that have been proven to be profitable for some years;
Import to West Africa
•Ipads/phones/blackberry and accessories
•New and used cars
Export from West Africa
•Cotton, polyester and textile
•Palm oil, palm kernel and cassava
•Cocoa (raw cocoa beans)
•Gold and silver
•Soya beans and soya oil
•Sugar cane and sesame seed
•Groundnut oil ,
•Bitter kola/garcinia kola
•Garlic and ginger
•Bones and horns.
You need to do a research to know how to go about the business, you can read more articles online, or higher some experts to help you with the market survey.
In West Africa, the import and export of goods and services is part of life. Below are five different reasons why these people love this kind of business - Exporting goods are natural steps for a successful business in the near future. Export business abates reliance if you have indigenous clients. However, the business also allows greater reach for the market and profits. Yet, as with many things in business to consider, the reality is different when carrying out the different steps involved in the process.
If you want to carry out trade in West Africa, follow the few steps outlined below;
Select products that you want to export or import
There are many products to choose like textiles, souvenir items, and a lot more. However, be sure that these products can attract customers and will sell fast. In terms of exporting and importing, you cannot select all products but you can choose something and dedicate yourself to it. Focus is the key.
Find the proper market for your products
After finding the right product, it is best to find your market to sell these products. Once you’ find the right market, this can be a lifetime business breakthrough.
Find for a supplier
If you want to import or export your product, you have to find potential suppliers so that you can get products from them. You can visit manufacturers and inform them that you are interested about their products.
Find potential cargo forwarder
Engaging business like exporting and importing needs cargo forwarder services. You have to choose the best forwarders that can take care of your goods and can deliver it immediately right at your doorstep.
In fact, there are many cargo services available like airfreight, Sea freight, Courier, Trucking, and Warehousing. However, your choice depends on what kind of products you want to export or import. Be wise in choosing the services you want for your business.
Business like export and import in Western Africa is not an easy task. However, if you are keen enough about your decision making, this is not impossible to do. To make sure that your products to be exported or imported are in good hands, choosing the cargo service company like Speed Cargo Service GmbH can probably help you.
You can reach the company through online and provides reliable service throughout the globe.