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How to Start an Import-Export Business 1-2-3



How to Start an Import-Export Business

Launching a start-up is challenging, and starting a business in international trade can seem overwhelming, but it doesn't have to be.

According to TradePort.org, the US federal government does not require a company to have a license or permit to engage in the import/export business. However, certain products do require special licensing, and you want to contact your state or local government office about state and local requirements and permits that apply.

Exporting Business

If you are looking at getting into the export business, the steps you need to take to get started include:

  • Figure out your product's export potential and identifying foreign markets to which you can export
  • Look at your options and set up an overseas distribution system
  • Learn about export prices, payment terms and methods
  • Understand the shipping and documentation procedures that will apply to your business

Importing Business

You can import products to sell yourself or to re-sell to retailers. There are strict laws and regulations pertaining to importing products and you need to know what these are in order to avoid costly penalty fees.

The CBP (Customs and Border Protection) provides some helpful information on business requirements. The United States International Trade Commission has a tariff database on its website where it lists the most current tariffs on specific products. The US Department of Agriculture has an import checklist in regards to policies and regulations pertaining to food items that are imported.

If you want to start an importing business, you may want to consider hiring a customs broker. A customs broker prepares the documentation needed to import goods, therefore making the process easier for you.

how to start an import export businessGet a look inside the import-export industry with expert Timothy Smith. He has put together a complete business guide that shows you exactly how to get started and succeed in the import-export business, using insider tips.

Smith's guide saves you weeks of research. In this one guide, you get answers to important international trade questions, valuable import-export resource information and solutions to make starting your import-export business much easier.

How to Start an Import-Export Business

 

Import-Export Business Resources

T I P : World's Largest Database of eCommerce Wholesalers
Find out what products sell best and where to get them. Easy one-stop resource for people selling worldwide. (And they dropship too!)

Find wholesale merchandise and suppliers through the Go Wholesale Search Engine. Search for any wholesale items and find a variety of companies who have what you want. Compare offers to get the best price. No membership required. Plus, learn about industry trends and the best bargain sources in their wholesale forum. Get Deals on Wholesale Cleaning Supplies & Equipment

international exportMore Ways You can Save Time & Money:

  • Save Money on Your Taxes
    Don't underestimate the power of tax knowledge! Small business changes can effect your profit in great ways. Discover over 20 deductions you can take for your business and how to save money getting your taxes done. Business Accounting Software

  • Incorporate Your Business in 3 Easy Steps
    Are you better off forming a C Corporation, or would you be better off in an LLC or Partnership business? Find out here which one will maximize your business profits and how you can get started easily online.

  • Avoid Legal Fees with Do-it-Yourself Small Business Legal Forms
    You want to avoid problems and protect your business at minimal cost. These standardized legal documents can help you do that with buy/sell/rent contracts, hiring forms, borrowing and lending paperwork and much more (over 60 legal forms WITH Instructions!) Think of all the money you'll save. Download Business Forms & Templates

  • Free Business Insurance Quotes
    Do you need business insurance? As you may already know, anything can happen in business, and you don't want to find yourself unprotected. Find out exactly what kind of benefits you can get with a free quote before you make a decision, you may be surprised at the price.

  • How to Set Up a Website
    These days, having a website is essential for any company, especially if you are conducting business across borders. Websites can be a low cost and effective way to advertise and provide other services to your customers. You can even design your company logo online and save money. Import-Export Logos. See also: Accept Credit Cards Payments
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