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I want to start import and export business in USA.What am I suppose to do? Which product will be good for American market?

2006-06-13 14:43:08 · 4 answers · asked by Wichayakorn P 1 in Business & Finance Small Business

4 answers

Start by learning more about the business. One paper I strongly recommend that you read are the following US Bureau of Custom's papers

"Importing into the United States: A Practical Guide for Commercial Importers" http://www.cbp.gov/linkhandler/cgov/toolbox/publications/trade/iius.ctt/iius.doc
How Cargo Flows Securely into the US http://www.cbp.gov/linkhandler/cgov/import/cargo_summary/cargo_flow_map.ctt/cargo_flow_map.pdf
US Import Requirements http://www.cbp.gov/linkhandler/cgov/toolbox/publications/trade/usimportrequirements.ctt/usimportrequirements.doc

Here are some steps to help you get started on an import and export business:

1. Select your product - the more you know about your products, the better you can run your import/export operations. Start with what you know, but be open to opportunities you see as you go along.

2. Research, research and research. If you are based in the US and wants to start an import/export business here, then you need to learn all customs laws, trading restrictions and quotas, international trade data, and more. Find out where you can find good information about the products you plan to trade.

3. Identify potential contacts. From your list of products, identify the countries that supply those products. Then find the producers of your target products in those countries.

I recommend reading the following:

Starting a Home-Based Exporting Business
http://www.powerhomebiz.com/vol8/exporting.htm
Laying the Foundations of Your Home Based International Trading Business
http://www.powerhomebiz.com/vol21/trading.htm
How to Start an Import/Export Business http://www.entrepreneur.com/article/0,4621,290657,00.html
CMTAC Trade Information Database http://latrade.cmtac.org/trade_info/index.cfm
Don'ts of Importing
http://www.gattiassociates.com/CM/Articles/Articles1277.asp
Flowchart of the export process http://www.export.gov/exportbasics/index.asp
Going Global http://www.going-global.com/articles/

These trade association websites also have loads of information on how to start an export import business:

Federation of International Trade Association http://fita.org/index.html
Professional Association of Exporters and Importers http://www.paei.org/

You may also want to check out the following books:

- Import/Export: How to Get Started in International Trade
- Exporting, Importing, and Beyond : How to 'Go Global' With Your Small Business
- Selling to the World: Your Fast and Easy Guide to Exporting and Importing
- Start and Run a Profitable Exporting Business
- Start Your Own Import/Export Business

2006-06-17 01:29:23 · answer #1 · answered by imisidro 7 · 1 0

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Building an Import/Export Business, 3rd Edition by Kenneth D. Weiss
* Import/Export: How to Get Started in International Trade by Carl A. Nelson
* Start Your Own Import/Export Business (Entrepreneur Magazine's Start Ups) by Entrepreneur Press
* Importing Into the United States: A Guide for Commercial Importers by United States Custom Service

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

2006-06-14 07:07:07 · answer #2 · answered by TM Express™ 7 · 0 0

would recommend you most profitable LEGITIMATE online business which is fully automated. It is very simple to start just sigup and you are ready to go. No experience required, you should have Computer and internet connection to check you e-mails. This system is very much different from other business which requires lot of time,energy and money. This incredible system allows you to earn fortune without selling, advertising, prospecting, closing or answering questions. It works 24/ 7 and you can earn profit for each automatic sale, sitting in your home, enjoying life with family and friends or on vacation. . This system allows you to earn $3000 everyday. THIS IS NOT MLM
This business can be done Globally.

2006-06-13 17:02:57 · answer #3 · answered by heaven 3 · 0 0

remember that most successful businesses fulfill a need, not a want.

2006-06-13 15:26:13 · answer #4 · answered by applpro 4 · 0 0

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