Chapter about export and Import strategies
1). Export and Import Strategies
In the below article “How to Start an Import/Export Business” expresses entrepreneurs’ opinions on the best import and export strategies when one venture to a business. To begin with, how to import or export business, when must think of the target market, startup costs, income and billing, business operations, its marketing, and resources. It is essential to consider the seven elements mentioned above as importing, for instance, comes with different pricing, availabilities as well as, cachet rates. According to the United States of America Department of Commerce additionally, believes that one must consider the types of import and export in order to fit in the marketing industries. Considering the main themes has also been included, which, according to most entrepreneurs, one must learn about the Export Management Company, Import Trading Company, and Import and Export Merchants in order to succeed in an economic world full of competition.
2) How it relates to one of the weekly topics,
“How to Start an Import/ Export Business” article is essential and highly related to our weekly topics. Take, for instance, its ability to initiate the trading channels, especially when involved in import or export processes. One can easily include manufacturer’s representatives, distribution or wholesale distributors, or even a retailer via trading channels. Besides, it corporate the different countries which business people can learn from in relation to the export and import dollars to the lowest levels and, they include Mexico, Canada, China, Germany, the United Kingdom, France, Public of South Korea, Singapore, and Taiwan. Indeed it elaborates on other aspects such as target markets based on the products or services which are vital to my continuous learning.
3) Why it got your attention
Since time immemorial, I have dreamt of the days I will venture into international business. Thus, I could not look further but select “How to start an import/export Business” article, which I found fascinating via the various importation and exportation techniques it has involved. Statements such as “You need money to make money” drew my attention in the “Startup Costs” category. Generally, the basic necessities in technology such as Modem, computer, printer, and fax machine are well discussed, not forgetting, associated variables that impact the service performances which, include labor and materials or even supplies and profits.
https://www.entrepreneur.com/article/41846