Title: International Import Export Agency Starting Tips
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Many goods that are bought and sold are obtained through imports and exports. Entrepreneur magazine notes that more than 90 percent of international import export agency is small businesses. The import/export business is ideal for people who are organized, not afraid to make a sales pitch, and enjoy dealing with people from different cultures.
If you want to start an international import export agency, you need to prepare a plan to ensure your venture's success.
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Determine your target market In an international import export agency, any manufacturer or supplier is a potential customer, as long as it is interested in buying or selling a product. Look at your business background and interests when deciding what niche you want to work with. For example, if you have work experience in the health-care industry, you might want your agency to import and export health-related products.
Decide what type of international import export agency you want to run There are several options you can choose from. Export managers locate buyers for existing manufacturing firms, while export-trading companies seek out companies that want to sell their goods overseas. You can also opt to import and export goods on your own, notes "Entrepreneur," and earn a salary or receive a commission or retainer.
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Purchase the equipment needed for your office An international import export agency can be home based. You can start on a shoestring budget with a computer, fax machine and printer. If you are not starting an agency as a distributor, you will not need to purchase inventory when launching the business -- which can save you a lot in terms of start-up funds.
Obtain a business license You should contact the appropriate licensing agency in your city or state to determine what type of license you will need. In addition, you will need an international import export agency license, and the type of license you obtain will depend on what kind of goods you are importing. For example, if you import or export wildlife, you must apply for a license from the U.S. Fish Wildlife service.
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The advent of US trading Company has reduced costs for both investors and discount brokers.
To encourage people to do their investing themselves, brokers have lower commissions for trades placed online than for trades placed over the phone with a representative. It is not uncommon to pay somewhere between 4.95 to 9.99 for an online trade same trade which would cost about 29.99 if made over the phone. The lower fees have also made the capital markets accessible to a wider range of people who may not have been able to afford the higher commission fees of a personal advisor or over-the-phone trade. As brokers transition into automated trading, they save costs on their ends from hiring fewer human representatives.
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Another benefit of US trading company is the improvement in the speed of which transactions can be executed and settled, because there is no need for paper-based documents to be copied, filed and entered into an electronic format.
When an investor enters an order online, the order is placed in a database which checks for the best price by searching all the market exchanges that trade the stock in the investor's preferred currency. The exchange with the best price matches the buyer with a seller and sends the confirmation to both the buyers broker and the sellers broker. All this is done within seconds of placing a trade, compared to making a phone call which has to go through several confirmation steps before the rep can enter the order.
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Not all securities are available to be traded online, depending on your broker. Some brokers require that you call them to place a trade on any stocks trading on the pink sheets and select stocks trading over-the-counter. Also, not all brokers facilitate derivatives trading in commodities and currencies through their online platforms. For this reason, it is important that the trader understands what a broker offers before signing up with the trading platform.