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Tuesday, May 26, 2009

What a profitable opportunity the import export business is

By Neil Baulch

One of the most challenging career fields in today's world is that which deals with the import-export field. You may wonder, whether this career is as interesting as you might think? Well, you would be right; it is a very challenging career! Where else can you travel so extensively, learn about other cultures, and buy strange and exciting products? The import-export business is full of excitement, but also of challenges, and difficulties.

Lots of people work in import-export in one way or another, and there are special characteristics that only pertain to this type of business. There are weather conditions, ecological conditions, and cultural conditions that will affect the success of your business.

Your success as an import-exporter will depend on the product you work with, who you work with and the financial ability you have in the country you trade with.

Import-Export Marketing

The way you sell your product will depend on the cultural beliefs and buying ability of the importing country. Every nation has different marketing necessities which are influenced by a country's cultural believes and purchasing power.

Follow Government Rules

Importers-exporters have to deal with a country's export trade laws, so you need to know what these are, and whether your product can meet those requirements or not. Find out about these laws at the federal trade commission. Many countries include websites where you can find out most of this stuff.

You also need to know about the import policies of the country you are importing to. These will differ depending on the country, on agricultural or product regulations. You can find out about these requirements online or from the country's trade commission. Meeting these requirements is not really complicated, often all that you need to do is fill out the right form and pay a small import fee.

Transportation

If you are in the import-export business then you will also have to learn about transportation. You will need to know which is the fastest, but most expensive form of transportation, and which is the slowest, but most economical. Some times you will even have to be a little creative in the way you get a product to a client. You may have to use transportation methods not generally used, but still very effective.

Any business holds a great deal of responsibility, and Import-export is no different, but it is still a wonderful business, one that is full of adventure. To be successful in import-export you have to be open to different customs and people and you have to use creative communication methods. It is an interesting and different career, one that will bring new challenges to your life.

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