Do you want to start an import and export business from home? If YES, here are 50 viable small import export business ideas and opportunities you can start in 2017.
All over the globe, import and export is rampant. There are countries that just cannot do without import and export. This is o because no nation can survive totally on its own without interaction with other countries. There is always a need to relate and engage in exchange of goods, it can either be in terms of raw materials, semi-finished good or finished goods.
This important gap can be monetized by you in a form of movement of goods from where it is in abundance and above the demand to a nation where there is a high demand for such products. International trade is one of the hot industries of the 21st century.
But it’s not a new endeavor. The history can be traced to the great caravans of the biblical age with their cargoes of silks and spices, even further back to prehistoric man trading shells and salt with distant tribes. Trade exists because one group or country has a supply of some commodity or merchandise that is in demand by another.
And as the world becomes more and more technologically advanced, as we shift in subtle and not so subtle ways toward one-world modes of thought, international trade becomes more and more rewarding, both in terms of profit and personal satisfaction.
If you think that starting an export and import business is what you want to do, then you may want to consider starting an import export business. Here are some business ideas that you can begin to act on. You can cash in on international trade with any of the under listed business ideas;
Viable Small Import Export Business ideas and Opportunities in 2017
- ONLINE IMPORTATION
You must have heard about Alibaba.com, Aliexpress.com, DHgate.com, IPmart.com and several other online based marketplaces. All these websites listed above deal with online trading as they ship to other part of the world. You make your order and payment online while they ship your product to your provided address. You are also to pay for the cost of shipping.
The internet has brought down the walls which used to restrict access to manufacturers located thousands of kilometers away. Improvements in transportation and logistics now make it possible for small businesses with little capital to import smaller amounts of stock at low shipping costs. The beauty of this business is that with little start-up capital and access to the internet you can start earning a good income.
- IMPORT/EXPORT BROKERAGE
An import-export agent or broker, also known as a trade agent or customs broker, is an individual or a company that sends and receives goods to and from different countries. Import-export agents or brokers work with both importers and exporters by helping them prepare necessary documents for exporting or importing their products. They also help their clients establish connections in foreign companies.
So, they work on both ends of import-export deals that of the origin and that of the destination. To become an import-export broker, you must understand the basic jargon of import-export law, currency transactions, trade policies, and everything else that goes into making profitable import-export deals.
- PRODUCT SOURCING AGENT
As a product sourcing agent you can conveniently plug into the export value chain. What a good way to build up a successful exportation business from nothing and have fun doing it? Not only does it require little financial investment to start you don’t need previous experience in the field to get started, but you should have a good head for organizing and paying constant attention to little details. As a product sourcing agent, you will need to make contact with exporters.
You can register with some trade portals where you will have access to their chosen commodities, specifications and contacts details. You can also send a mail to them and inform them that you can meet their requirement. As a product sourcing agent, you will deal majorly with farmers. You will need to go to their farms and deal with them directly and you might need to transport the commodity to the city. You can also deal with the local buying agents and the commodity merchant.
- CLEARING AND FORWARDING BUSINESS
If you have the logistic and business management skills, as well as an entrepreneurial spirit, you may just be fit to learn how to start a freight brokerage business. As a freight brokerage company, it is your duty to act as a mediator between shippers and client companies who need their services and facilities. Their tasks also involve clearing your goods from the ports, paying up your duties and taxes, transporting your consignment to your desired destination, etc.
Sometimes, freight brokers are referred to as clearing and forwarding agents. There’s much money to be made as a clearing and forwarding agent. The sweetest part is that this business can be done anywhere, in any country; as long as international trade still exists and your country is a partaker, you are in business.
This is another money raining business in this field. A buy and sell opportunity can turn into a lucrative business provided that you do it well. This is especially true especially if you are considering the idea of how to buy and sell used cars. As technology increases and state-of-the art cars are being produced, people will always have the need to buy new vehicles; thus also creating the need to disposed of old ones. Regardless of the country you reside. Whether you are in United States, U.K, Canada, Singapore, Nigeria, Ghana, etc.; you can import and sell used cars.
- TIMBER EXPORTATION
The construction and furniture sectors all over the world today cannot do without the use of timber, but what is important to you as an entrepreneur is to identify the markets for these products while connecting the timber producing nations to the market, even though very stressful and energy sapping, the pain is always worth it.
- MANUFACTURERS REPRESENTATIVE
If you are specialized in a certain industry, you can very well go to an oversea manufacturer and ask to represent them in the countries of your choice. A representative has the edge because you are the expert in the industry or a certain market.
For example, if you are an expert in the wooden furniture business and you have been selling in the western US region, you have the great opportunity of going to a Chinese furniture maker and asking to be a representative of their western US region. Most of the manufacturers love people like you because you are their free labor (no base, only commission) to help them get into the market. It’s a win-win situation for both you and the manufacturer.
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