How realistic is it to start a succesful Import/Export business ?

Answer 1

Any business can realistically be started. i think the primary factor is the product, what you are trying to import and/or export. If it's something that people want or need, with a lot of hard work you can make it successful

Answer 2

Associations may be a good avenue to explore. 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!

Answer 3

I'm assuming that you're looking to start such a business in the United States, and if so the you'll need to consult most likely with an attorney who specializes in US/International law and how it applies to imports and exports...once you've decided what it is you're looking to import and/or export, that is.

Setting up relationships with suppliers in various parts of the globe, arranging for agreements on payment and shipment with regard to goods, and then ensuring that you've put this business together in a way that will allow you to market these goods at home and abroad is crucial, and for that you may need to travel; but again, the internet can also be a handy tool in doing the legwork in this regard.

Your best bet would be to contact someone already in such a business - ideally, someone with whom you wouldn't be competing (so they don't feel that they're going to be giving you their trade secrets) and ask their advice on how to make this a reality.

Good luck!

Answer 4

It's too broad a question. For example, exporting pork into Middle East or automobiles to Korea is likely to be a failure of epic proportions. But there are successful export-import businesses out there, to be sure.

Answer 5

The process to open it is easy but the difficult part is securing the right
1) Vendor
2) Customs Clearing Agent
3) Customers

Answer 6

Anything that is successful is realistic.