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E-book More and More: A Guide to a Harmonized System
If you have an ability to sell, and an air of diplomacy, import /export is a great way to build up a successful business from nothing and have fun doing it. Not only does it require little financial investment to start, but it offers the prestige of working with clients from all over the world. You don’t need previous experience in the field, but you should have a good head for organizing. Fulfilling a successful import /export business requires constant attention to little details. Do you like the idea of running your own business? How would you like a tax deductible trip to foreign places a couple of times a year? The advantages of an import /export business are great.Do you know some local manufacturers looking for ways to increase their market for the goods they make? As you progress in the business, many factors become obvious and easy to handle. For example, you’ll need to find a person to handle shipments, called a freight forwarder. And you’ll need to create solid contacts and strong relationships with reliable suppliers. The goods that do find foreign markets are exports. Anything that is manufactured outside the country and brought in for sale is imported. Although it seems obvious that all manufacturers would want a worldwide market, it is not easy for a company that is limited in its scope and abilities. That’s where you come in. An import /export agent is a matchmaker. The agent’s commission is generally about ten percent. Ten percent of $500,000 or ten percent of a million is not a large order if you’re brokering machinery, raw materials, or computers. The market is unlimited and there are hundreds of manufacturers looking for foreign distribution. Sporting goods, socks, electronic games, whale meat, housewares, scrap metal, power tools — anything can be readily imported or exported if there is a consumer demand and if you can get the products.Governments encourage exports. Indeed, it is those sales that keep a nation’s balance of payments with the vast amounts of goods that are imported. And you’ll find government agencies helpful in establishing your business.You can start your import /export business at home with a telephone. You’ll need a file system, business cards, and a machine to answer phone calls. Once you get going, you’ll want a cable address or a telex hook-up. And you’ll need a classy letterhead. Until you establish personal contacts, it is your letterhead that represents you. Make it look professional, possibly embossed or two-color, or gold leafed. Have it printed on light-weight paper for airmail correspondence.More than office equipment, you need the determination to make it work.
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