how can i start an export business? which export business is mostly successful and relatively low risk?

Question

i am good in english and used to work as a teacher. presently i am only a housewife.how much investment is required?please guide me.

Answer 1

Your library should have a number of books specifically covering the import-export industry. Depending on your product, there are various rules, laws, paperwork, procedures and taxes that you must be aware of. I'd say to get yourself familiar with those things if you intend to stay in business. There are some products that cannot be exported and some of them may seem quite silly to you but every country is different. You also run into problems with foreign currency, shipping costs, legal issues, etc. Get yourself educated on the industry before taking the plunge. Start out with a domestic company and then branch into export as your business grows.

Answer 2

Hi, Sorry to tell you there is nothing low risk in the export business
and you must have a good understanding of this business prior to any undertaking. If not it will cost you a great deal of money.

What is your market? Who are your contacts overseas? Where is your sales force based? Distribution? Suppliers? Who is your broker in the U.S.A? Who is the receiving broker? How will the money change hands? What about returns on defective product?

Just some questions you need to have answers for.

Peace