Thursday, May 2, 2013

How to Start Your Import/Export Agency Business

Import/Export Agency BusinessMany goods that are bought and sold are obtained through imports and exports. "Entrepreneur" magazine notes that more than 90 percent of import/export agencies are small businesses. The import/export business is ideal for people who are organized, not afraid to make a sales pitch, and enjoy dealing with people from different cultures. If you want to start an import/export agency, you need to prepare a plan to ensure your venture's success.















Instructions

Step 1

Determine your target market. In an import/export agency, any manufacturer or supplier is a potential customer, as long as it is interested in buying or selling a product. Look at your business background and interests when deciding what niche you want to work with. For example, if you have work experience in the health-care industry, you might want your agency to import and export health-related products.

Import/Export Agency BusinessStep 2

Decide what type of import/export agency you want to run. There are several options you can choose from. Export managers locate buyers for existing manufacturing firms, while export-trading companies seek out companies that want to sell their goods overseas. You can also opt to import and export goods on your own, notes "Entrepreneur," and earn a salary or receive a commission or retainer.

Step 3

Purchase the equipment needed for your office. An import/export agency can be home based. You can start on a shoestring budget with a computer, fax machine and printer. If you are not starting an agency as a distributor, you will not need to purchase inventory when launching the business -- which can save you a lot in terms of start-up funds.

Step 4

Import/Export Agency BusinessObtain a business license. You should contact the appropriate licensing agency in your city or state to determine what type of license you will need. In addition, you will need an import/export license, and the type of license you obtain will depend on what kind of goods you are importing. For example, if you import or export wildlife, you must apply for a license from the U.S. Fish & Wildlife service.
















Tip

  • While certification is not a requirement for import/export agents, it can be helpful, especially if you do not have experience in the industry. Organizations such as Export Academy offer online courses that help you learn about international trade and earn the International Trade Specialist credential.

Resources (1)






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