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Further
Reading ...
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Effective Meetings by Phone - Part 1, How to Plan a Teleconference - Steve Kaye
Teleconferences can be a boon or a bust. On the positive side, they allow people at different locations to attend meetings without having to travel. On the negative side, they can degenerate into frustrating struggles with uncontrolled babble. This...
Home Office Deductions - Rachel Goldstein
Article submitted by http://www.Allfreelancework.com - 1000s of freelance jobs, articles, and resources. Home office deductions are one of the perks of working from home, however, there are clear drawbacks too. If you meet the IRS guidelines for...
The Wages of Science - Part I - Sam Vaknin
In the United States, Congress approved, last month, increases in the 2003 budgets of both the National Institutes of Health and National Science Foundation. America is not alone in - vainly - trying to compensate for imploding capital markets and...
Top 6 Business Success Strategies - Yolanda A Facio
"The principal purpose of business is to create a customer." - Peter Drucker Creating a loyal and respectful relationship with a potential customer builds the basis for all other areas of business success. Simply stated, without customers, our...
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Import/Export – Building A Profitable Home Based Income For Life
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Written By:
Tukshad Engineer
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Woolen jackets, paper rolls, light up teddy bears, clocks and DVDs – there is tremendous potential to make a very good profit from all of these products and countless others just by knowing the basics of one of the worlds oldest trades.
Importing & exporting may not be the first thing that leaps into your mind when you think of home based businesses. However, there are few genuine opportunities that offer better prospects – big profits, subsidised travel and a good work-from-home lifestyle are just a few of the benefits you’ll enjoy once your import/export business is up and running. The set-up and operational costs can also be accommodated on a total shoe string budget.
So is importing/exporting from home right for you? Here are a few factors you need to consider before taking your first steps into this lucrative business:
1.Creating Contacts – You will need to contact many different importers and exporters and this can be difficult for some. In the internet age just about every contact you need is already online. There are hundreds of free bulletin boards you can visit to see who wants to buy or sell any number of products, in addition to several specialist websites and trade magazines.
2.A fair level of attention to detail is required – by keeping your customers satisfied and providing them with exactly what they request you will be setting yourself up for a good stream of future business.
3.You will need to create a detailed plan to identify your own desired goals and objectives from your business. We all know the saying “if you fail to plan then you plan to fail” – ask yourself the difficult questions that many shy away from. Here are just a few of these…What do you have going for you to make this a success? Will you start full time or part time? Can you get any help (family/friends) in the beginning? What type of products will you trade? In which countries? What mode of transport will you use to get your goods from A to B? How will you learn about international trade regulations? What method of international payment will you use? What foreign regulations must you be aware of? Again, these are just a sample of the questions you need to ask – get some paper and scribble down everything you could possibly think of.
4.You will need to decide on your form of organisation – will you operate as a sole trader, partnership or limited company? Each form has it’s own distinct advantages and disadvantages.
So how do you go about finding products to import and export once all the nuts and - continued below ...
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continued ...
bolts are in place? One great way is actually by travelling around – there are literally millions of products out there that have the potential to make you a small (or large) fortune once you import them into your domestic market. To illustrate my point, last year while on a holiday to India I stumbled over some delightful glow-up keyrings that were being sold for 10 rupees each (about 40 cents) – instinct had told me there was enormous profit potential here and upon returning home I found the same key-rings selling for $7.95 in a popular department store. Do you think it would be possible to profit from this situation? Of course it is, and there are countless other opportunities like these simply waiting to be discovered. It is also possible to write off your travel expenses (flights, hotels, dining costs etc) against your profits which gives you a great chance to travel the world at a heavily subsidised rate.
You can also find ideas on what to sell by sifting through specialised publications & websites, investigating trade shows and by browsing national trade statistics (eg via the United Nations Yearbook Of International Trade Statistics). But above all, be alert – when you see something interesting, ask yourself “can I import this thing in my home market?”
Now a word about marketing – whether you like it or not, the long term success for any product depends to a large degree on the way it is marketed. Get this right and you could make a lot of cash very quickly. Get it wrong and you could struggle. Like most things marketing technique can be acquired and refined but you should come up with a marketing plan in addition to your general plan. Encouragingly from a work-at-home perspective there are any number of marketing methods that will bring you success, some at very low (or no) cost.
OK, what we have gone through is just the tip of the iceberg. A profitable work from home import & export business is more possible than most could envisage but as with any worthwhile venture you will require some level of persistence and willingness to learn. If you’re willing to put in the effort the rewards are far greater than you could possible imagine.
About the Author
Start up your own outrageously profitable work from home import/export business. Everything you need to set-up including the best low cost trade sources all over the world, contacts and step by step blueprint to profit.
http://www.global-ebooks.com/importexport.htm
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| _Additional Resources ... |
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Quitting Your Job for a Home Based Business - Angela Wu
Many of us who start a home business do so while we're still working another job. Our jobs provide us with money for living expenses - and, if we're lucky, for funding at least a portion of our business startup costs. Most people in this position...
Surviving Tough Times Online - Jim Edwards
With economic problems dominating the headlines, all businesses, online and off, need to make the most of every single customer contact if they hope to stay in business! Consumers want to hang onto every dollar and only spend money for things they...
Tips on How To Make Your Products Sell Faster - Ed Hammen
Make your products sell quickly by adding a lot of bonuses. You could get the free bonuses for little or no cost by joint venturing with other businesses. You could go to the “freebies” directories and find things. Then you could ask the legal...
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