Import and Export Business Is A Small Business But A Big Picture In Your Life!
What Is An Import and Export business
This page is to define on Import and Export Business, if you are looking for information of Import Export Contract Terms, please skip this page and Click HereWhat Is An Import and Export business? It is an action of buying and selling beyond the border of your home country.
To be an importer, you build markets in your home country for suppliers overseas. Importing is a matter of having your U.S. products made cheaper overseas and selling them for a profit in the United States. Your role in your country is to bring innovative products to the market.
In an Import and Export business, exporter is an opposite image to importer. Importers find their customers at home, whereas exporters find their customers overseas. The main role of exporters is to investigate their overseas market where the exporting products must be right in demand of target country. They should use their specialized knowledge and experience to gain the trust from their buyers for exchanging back of long term marketing occupation there.
Normally speaking, exporter will face more difficult than importers. In importing, the customers are native citizines who speak your own language and live with you in the same roof of cultures. Whereas in exporting, your customers, your market and the country's nature are totally different. To build a marktet there, in building your Import and Export Business overseas, you are not merely conducting a short term contract, you have to persist in communicating your buyers to get information from consumer's feedback, researching the market, and developing the products line for a long run of your Import and Export business.
What Is Benefit of An Import and Export business?
Import and Export Business is one of most growing industry. There are 350,000 importers in the United States bringing in some $656 billion worth of goods each year. The top 1,000 of those importers account for 61% of the total import value-some $400 billion, or an average of $400 million each. That leaves the remaining $256 billion in imports spread among 349,000 importers, or a rough average of $734,000 each in importation value. Assuming normal profit margins we can assume the “average” importer has sales of $1-2 million dollars per year, but keep in mind start-up companies are part of the set making up the average. As you can see, although relatively few huge corporations handle nearly two-thirds of all imports, for almost all importers, importing is a small business. ( according to John Wiiley Spiers who has been developing trade worldwide since 1974 and published the book )How Small Business Trades Worldwide 
You have opportunity to find cheaper sources overseas and build the market in U.S. Let’s assume an item costs $2.50 each in China. Plus shipping, banking, custom fees say $.50 each, the item costs $3.00 totally and transported from overseas to your warehouse ready to go to retailers in U.S. If your wholesales or independent sales representatives purchase from you at $5.00, you gain $2.00 profit. If you directly sell to your ultimate consumers at $10.00, your profit is $7.00. How much profit depends on what channels of distribution you sell to, and what price of sourcing you can get. By far china is most likely the lowerest labor country and nearly best manufacturers to get source from.
Your significant role pleased both suppliers overseas and buyers in your country. The most enjoyable part in this Import and Export business is: On one hand, you act as an importer, you place orders to your suppliers overseas, they are indeed need these orders, especially in China, these orders are a great help for thousands of people's employment. On the other hand, you act as a seller, you bring your product into the market where people in need of those goods as well. You are right in the middle of both side – in between foreign suppliers and your homeland people - those wholesales, independent sales representatives, or retailers or consumers, in your own country. Your significant role pleased both side, and you yourself, too.
Multiple culture and business relationship will bring you more value than you expected in an Import and Export business. One of my customers in New York signed a contract with me way back in 1988 when we first met in World Trade Center.( It was collapsed on Sep 11,2001) He imported microscopes from my company which was a government business and I was pointed as an CEO and in full charge of the company's Import and Export business. I still thank myself to make the very smart decision. The negotiation was hard because the payment term was risky and I was not supposed to sign that contract at that period in China. I'll tell you the story later. This buyer kept placing incessant orders from our corporation for 15 years based on the mutual understanding and mutual benefits. Between two parties there is not merely a business partner but a long term relationship for over 18 years by now. This is the beauty of the business, it brings me more value that not money can count.
Become self-employed and start an Import and Export as your own.To make your dream career happen. This is an opportunity. 80% of the millionaires in America became rich in their own career, and 2/3 of them are self-employed. It seems the most common career move in becoming rich is to become self-employed. If you have your passion on it, this Import and Export business will be your dream career and it would become a part of your life.
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