We hear about import export business every day as just about anything in this country is imported from somewhere, but few people really understand what to do to get started in import export business and how things really work.
Manufacturing in the Third World and Importing into the United States has become a necessity in order to cut costs and compete in today’s market. Involvement in import export business and International Trade must become an inherent part of any successful business operation today as more than ever before the whole world becomes your market place!
It doesn’t matter what business you want to start, eventually you’ll need a product to sell, you’ll need a product/products to help you sell other products or offer service based on those products. Whether you buy goods from wholesale suppliers for resale or manufacture products you sell you must always look for ways to cut your costs. If you manufacture you must look to sources of not only skilled labor but also low-cost labor to keep your overall cost of doing business down. It’s an undeniable fact in the way business is done today that in order to cut costs and stay competitive, you must start looking overseas, globally, to where skilled and low cost labor may exist and product can be bought for less, not only within the boundaries of the United States! You can not succeed in any business venture these days that involves retail or wholesale of some kind, if you don’t consider buying your product or at least part of what you sell overseas!
I learned the hard way, by trial and error, as when I started 35 years ago by importing from India, there was no Amazon.com, no guidebooks, no courses, no published “how-to” information on import export business to be had. I started out small, literally selling my imports from the back seat of my car. But by late 70s, I was importing container loads of a variety of merchandise, from fashion accessories to architectural artifacts and you name it in between. By late 80s I had hundreds of accounts in the US and overseas I sold to.
Life is a journey, not a destination! and your import export business can become a lifestyle, not a career or a job!
If you’re in business already, any kind of business!! – would selling your inventory at a greater profit margin dramatically improve your cash flow? Of course it would.
But don’t take my word for it, here’s what my students and clients from all over the country are saying about what I teach:
May be even ten years ago people used to look at the label where the product was made. They insisted on buying American made! Remember those TV commercials? But it’s not quite the issue any longer! Everyone loves to get these great looking products made to our taste and specifications and who cares and why even look where in the Third World it is really made!
Remember the economic boom in late 90s? So much came to this country from China and Asia that we all bought this stuff at those great Third World prices and no one was looking were it was made or insisted on wanting to buy American-made!!! And the imports keep coming.
The US government dislikes importers because importing means the dollar is going out. Exporting means the dollar is coming in and we make money. Importing we spend money! But how come then all the American companies are doing it? You know why already. They make money off of you, the consumer, selling the product to you at what seems like a cheap price but they in fact make a higher mark up on what they manufacture overseas and sell here today than ever before when they used to manufacture it in this country! You can do the same!
You should do the same! You must do the same, today, in this economy! Yes, the talk is about loss of jobs in this country and need to bring the jobs back. But let’s face it, you can’t really profess Free Trade and hope for much of what we now import to be suddenly Made in USA, not anytime soon. And even if, you can take your Made in USA product and sell it elsewhere as in this business the whole world is your marketplace!