Have you ever wondered how products get into and out of the country? Even just some of the small products that you see in your stores everyday. They come from a variety of countries all over the world in order to meet the demand for that product in your country. This presents an excellent business opportunity for work at home entrepreneurs.
Import / export is one of the fastest growing areas of home business - because you need relatively little to start the business up, and you don't have to have a lot of different overhead in order to keep the work from home business running. Plus, there are hundreds of products out there that people want, and maybe need, and they are willing to purchase those products at a significant mark up in order to acquire them.
How does import / export work? Here is just a glimpse at what you would be looking at for this great work from home opportunity:
" Find niche markets - Let's say you stumble across a product like... specialized tassels for cell phone. This is a perfect niche market for a number of reasons: hard to find in your country, and maybe hard to find in other countries. So, the object of import / export is to fill that niche. You buy and then resell to distributors, so they can market the product to the consumers.
" Find what your area needs - You can import from state to state, or even from country to country. The idea is to find what your local area, or region, is without, and fill that need with an import product. If you know there is a need in the area, you can easily find the product and sell it to local distributors - who will in turn get it into the hands of stores that are looking to provide this to the consumers.
" Find what other areas need - Import / export isn't just about buying from other areas and reallocating those products in your area. You can find products that are unique to your area and then locate markets for those products. This would be the export side of the work at home business.
Import / export is a fantastic work at home opportunity. It often requires little more than a coordination effort from you to make sure the products get into your country, and then dispersed as you want them to a variety of distributors. The only other aspect of import / export that needs to be looked at is building the necessary relationships with distributors, so you will have a place to sell your product when you bring it in.
Find a product, fill a niche - that is what the import / export industry is all about. If you think you can turn a quick profit on good bought from outside the country, and resold elsewhere - then you have already taken the first step toward making this an excellent work at home business.
Sure, it takes a little bit of business acumen, but once you have a steady stream of great products, you can simply continue to provide the product to the distributors, while investigating new opportunities to increase your business.
So, part one looked at what an import / export business is. In this part, we are going to show you the 4 important aspects of creating a successful work at home business from import / export. There are some key things that you need to do in order to make the most profit from this work at home opportunity. Here's what they are:
" Do your research - This involves every aspect of the import / export business. You want to ensure that you have a great product to bring in. So, you need to do exceptional research to make sure that no one else has already cornered the market. Essentially you need to be the first one... maybe second, to bring the product to an area. Research the demand; research the distributors; research a good purchase price and selling price - research to prevent any mistakes in your business.
" Negotiate - Whether it is for the purchase of a product, the shipping cost, the storage cost, or the sales price, you should always be willing to at least TRY to negotiate the costs of these. Negotiate longer term deals for storage or shipping in order to bring the cost down; and push for higher sales prices and provide the distributor with incentives to sell. Every aspect of this work at home business can be negotiated - that's just the name of the game.
" Always maintain a demand - This requires that you carefully monitor how much of a certain product you are bringing in and shipping out to distributors. You never want to leave the distributor (and therefore the retailer) with a surplus of goods they can't sell. As long as there is a demand for your product you can have a steady supply of business in import / export.
" Keep searching for opportunities - They will come from all over. You will hear of demands for products and you need to be ready to pounce on budding opportunities to capitalize on those open doors. Even with your business bringing in good cash, you will want to make sure that you never have a lull - and you can do that by bringing in the right products at the right time, and always keep on top of emerging trends.
Import / export is an extremely lucrative work from home business - for the person willing to put the work into it. It isn't hard labor, but you do need to have a keen sense of business and an eye for a good product to bring in, or to send out to other markets.