Posts Tagged ‘import’

Exporting vs. Importing Product

Thursday, August 13th, 2009
arnold

In deciding what business to start whether it should be an import or export business the first thing you need to know is your market.  Chances are that you are in a better position to understand your own culture in your own country, but if you happen to have ties to other countries from such experiences as significant travel or working abroad you may be in a position to understand several cultures and norms.  This is critical in determining which route to take in starting a business.  An import business generally does better, because you understand the needs in your surroundings are lot better than in a foreign country.  Once you know what your market wants or needs then you can begin to offer the imported product to your customer base.  Coming up with what you might thing is a terrific idea for a product to export, will likely fail if you don’t know what the needs and wants of that particular country or countries is.  If it happens that you already have a product that you want to export then the next step is to find a means of distributing that product abroad by contacting someone familiar with that particular country.  It could be an existing business organization that may distribute products similar to your own or may be someone that specializes in marketing products in that particular country, but don’t assume success in your country will result in success in other countries.

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Mexico Companies
Author’s Yougler Profile is at  arnold.

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Starting An Import Business

Tuesday, July 21st, 2009
arnold

One of the great things about a recession is that it stimulates the entrepreneurial spirit.  People use their intellectual power to create goods and services to employ themselves.  It is a matter of surviving and when everything goes to hell there is not much you can do but start your own business.  These business also tend to be very good businesses, because these business that survive during a recession will blossom during a period of stability.  There are many fantastic ideas among the masses of the unemployed and many of them revolve around import product.  The exact idea in reverse would be the export of product.  There are many resources available for would be import export entrepreneurs usually through government agencies.  A country benefits from the export of goods and services, so governments are eager to help entrepreneurs export product.  Excellent sources of assistance are available at many government facilities.  When importing in the United States, foreign governments would be very helpful, when exporting then the United States is likely to be very helpful as well.  Sometimes the United States has an incentives to help lesser developed countries develop their economies through trade and will likely have assistance available to help develop import relationships with these countries.

Usually the best places to obtain suppliers for an import business are countries that are nearby and reasonably stable.  Mexico and Canada would be good places.  Canada does not offer a  significant labor advantage, but it has a lot of natural resources which are consumed by U.S. Markets.  Mexico on the other hand offers resources and cheap labor, as well as cheaper transportation when fuel costs are real high.  Mexico can compete with Chinese goods when the fuel costs go through the roof.  The disadvantage is the language barrier, but at the same time it offers an advantage for the would be entrepreneur that speaks Spanish or secures Spanish speaking assistance or is effective in finding sources with English speaking personnel.  Generally speaking Mexican exporting companies have English speaking personnel, but these companies many not necessarily offer the best prices, service or even want to deal with small start up businesses.

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Mexico Companies
Author’s Yougler Profile is at  arnold.

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