| Topic : Start an Import Export Business |
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Export & Import Merchandise |
Supply Chain Management in FMCG |
Trends in Consumer Electronics & Home Appliances |
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Activity:
242 views;
last activity : 11 08 2010 08:29:12 +0000
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Find out the customers first
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Research
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Research
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Time tested techniques of Marketing
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How to make an Export/Import business a success - SOURCING
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Updation on all aspects in EXIM trade is absolutely necessary
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How to Make an Intermational Trade Effective/suces full
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regarding exports and imports
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Abhishek
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Study
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Know your customers
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TAXES involved in Import -Export
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Hey can look at everything at your end, but the major part is Finding coustomers, It's very hard to find out the desired customer who can purchase your product.
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Mr.Muhammad i think the same way as you.First of all you need to identify the segment which you want to target and try to leverage on that.without knowing who will be your customers and how they can benefit you will take you and your business nowwhere.
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According to me one should do a proper research before starting his export/import business, by knowing his competitors and the services provided by them, by doing this one will be in a better position on which lines he should do good or be better than the competitor.. so what are the other factors that'll do good in this business.... |
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Doing the market research or not is not a big deal,
first of all the person should decide which industry he need to serve, and the most importent thing is that, the perosn should have the deep idea aobout the industry he is going to serve,
he should know the factors like
1. Competition
2. Market
3. The end customer
4. The pricing
5. The major market sectors,
6. The govt regulations or , rebate and other incentives from the govt and industrial bodies,
After considering all these factors only i person can start an Import/Export business,
Thanks,
Rajesh
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Doing the market research or not is not a big deal, first of all the person should decide which industry he need to serve, and the most importent thing is that, the perosn should have the deep idea aobout the industry he is going to serve, he should know the factors like 1. Competition 2. Market 3. The end customer 4. The pricing 5. The major market sectors, 6. The govt regulations or , rebate and other incentives from the govt and industrial bodies, After considering all these factors only i person can start an Import/Export business, Thanks, Rajesh |
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In every trade there are timetested techniques of Marketing. They work in all types of trades. It include international trade also. So there is no separate technique for success in export/import trade. Ofcourse Market research and guirilla marketing are tools which can be of great success in export/import trade. |
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In support of above ideas I would like to mention a point that in todays highly competitive environment it is very very important that we should not neglect local comptetion and also should look out for various sourcing option available to be more competitive in market with customization without much overheads |
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As the policies / procedures in respect of excise duty / other taxes n levies goes on changing, it is necessary for a person or company in exim business to update all necessary parameters for on going as well as expansion sales.There should be separate person / databank or section to monitor these aspects to interate with the rank n file of exim deptt.--T.PATTABIRAMAN, VICE-PRESIDENT, MOHAN MUTHA EXPORTS-- |
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As per my Knowleged we have consantrade firstly on location and which type of product u r exporting/importing. In the export : very important findout test of mkt,fashion of mkt,and evry important about ur customer interest IN import :find out Govtments Subsidies,restration,rules and regualation provide me ur more information like what u wnat to export then i can explain u very well
Thanks& Regards |
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there is no limitations for new entruprenure. and first thing is know a complete knowledge about the field investment capacities infrastructures pricing and the quality and timeing conseous these are the major factors that rules exports and imports |
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Yes agree with kamal here, mainly one has to have a great knowledge when he is starting and more importantly know what are his strengths where he really wants to, just because everybody is getting started up during recession, as most of them do....one should have a real passion towards what he is doing and commitment towards his business venture.
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1st you have select the product, which y r going to launch in the Glogal market with conplete knowledge regarding overseas market as well as product. Then see that your product is standing in this competive situation or not.
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** Find out the competitors list and their Market share
** Product availability and the quality
** Potential and awareness of the people
** Availability of quick transportation with less cost
** Liberal import policies in the end user country
** Trade development
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I agree with the research part, but what more important is customers and how can you customize your products to meet foreign customers needs is much more important than anything else according to me.. |
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For a business to be sucessful the most important thing is that one needs to be aware of any taxes involved in both importing and exporting goods. Customs regulations on imports and exports will need to be clarified before you start. Make sure that everything you are moving is legal and acceptable between countries. If you are done with this, you are few steps closer to the success. |
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Yes it is, retail sees a huge demand in the urban crowd. And soon will have a better market in the rural too. |
Yes private label is one way to increase the margin. But it should not become a skimming strategy. Compared to fmcg, private label will work in food products because there is no standard price anywhere......... |
Rajkumar..... it would be great if you can give proper sides to the debate, so that people can take a side and debate....... :) |
