Are you thinking of starting an Import Export Business from home? If yes, then here are listed a few best small-scale import export business ideas and prospects for 2019.
Import and export are rampant all over the world. There are several countries that just can’t do without import-export because no country can survive completely on its own without connections with other nations. There is always a need to engage and relate in exchange of products, it can either be in terms of finished products, raw materials or semi-finished products.
This crucial gap can be monetized by you in the form of movement of products from where it is in abundance and beyond the demand to a country where there is a great demand for such goods. International trading is the hot industry of the 21st era.
Have a look at the industry overview:-
As per the US Department of Commerce, importations account for nearly $1.2 trillion in products. Exporting business is similarly as large in its own right as American firms exported $772 billion worth of products to 150 nations overseas.
Some interesting stats about the Import Export Business
This entire world’s 3rd largest exporter is the United States of America and its exports account for 13% of GDP. This country’s export fell by 2.1% in the month January of 2016 to $176.46 billion.
This country has claimed a 16.8 share of the world’s entire imports making in the world leader in imports. Export business is actually a crucial vehicle of development for firms in the USA. This is because several different domestic goods and service marketplace in the nation are already saturated so there is just room for limited development prospects. Having complete Import Export Business Plan is very important in order to avoid any type of issue.
When you have done proper planning then your business will surely off to a good start. Here are some Import Export Business ideas that you can start.
You must have heard about DHgate.com, Alibaba.com, IPmart.com and many other online based markets. These all web pages deal with online trading. Basically, they ship to other parts of the globe. You make your payment and order online while they ship your item to provided address. Also, you have to pay for shipping. The internet made easy to connect with suppliers located thousands of kilometers from us. It needs a little investment and support of internet to make good revenues.
Product Sourcing Agent
What is a great way to build a successful exporting business from nothing & have fun doing it? And the answer is being a product sourcing agent. This kind of business doesn’t need any financial investment to begin as well as you won’t need experience in the industry. All you need to do is, giving continuous attention to little details. Being a product sourcing agent, you’ll need to make strong contact with exporters. In this business, you have to deal mainly with farmers. Also, you can deal with product merchant and local buying mediators.
World’s several developing economies are blessed with lots of natural resources and food. Most of the natural resources are raw materials required for the construction of a few finished goods. The demand for such products is very high all across the globe. So, you can easily become an exporter by registering with a suitable government agency and choose a particular good you want to export.
Examples of goods which are highly demanding are Cocoa, Yam Flour, Chili Pepper, Kola Nuts, Bitter Kola, Cashew Nuts and many more.
Apart from above mentioned Import Export Business types, you can also try your luck in leather products exportation, smartphone importation, pure honey exportation, clothing importation, sesame seed export, household items importation, chili pepper exportation, cargo tracking, and air cargo business. You can get complete information about these business types with the help of internet.
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