The import/export business is a high profit enterprise. Because of the low overhead, most of the money you make on commission is yours. But building a truly profitable business requires dedication and a good knowledge of the business.
You need numerous contacts who know you, respect you, and can recommend your work. You need to have good agents both here and abroad to help you follow through on the delivery of the goods. You need a good working relationship with your own bank and possibly the others that letters of credit come into as branch transfers from foreign offices.
Donut be hasty for orders. Investigate the manufacturers and distributors to be sure the products and sales methods are reputable. Check out the particulars of shipping and manufacturing from the foreign country. Each culture works in a specific manner. Get to know how to work with those people.
The import/export business is not for everyone. But it is a personal operation that you can run yourself - you donut have to answer to anybody. The rewards of negotiating in a foreign country are excitement, a touch of the exotic, and the great profit potentials. When you make the proper contacts and follow through completely with reputable manufacturers, reliable shipping companies, and responsible distributors, you have it made.
If you are ready to put in the time, sell yourself. Start making inquiries and contacts. Try it on for size. Does it feel good? Then MAKE IT SUCCEED.
If you need specialized LEGAL advice or assistance on this subject, the services of a professional person is recommended.
