Tag Archives: information

Tips for Starting an Import / Export Business

4 Oct

Thinking of starting an import/export business? Jennifer Henzel, a Certified Import/Export Trade Professional offers these tips for getting started:

Many countries have set up offices (Consulates or Embassies) in foreign countries to promote the exporting of their goods. The Consulates will supply you with industry directories and more. Embassies are located in a nation’s capital and Consulates in different cities. In many cases, the Embassy web site will contain directories and manufacturer lists, as well as an email link that you can use for sourcing Continue reading

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How To Start Import Export Business

30 Sep

We often receive requests from workshop participants, guests and visitors ask, “Where do I start?”

There are many aspects of international trade to learn. I’ve been studying and practicing in this area for years, and I can honestly say there is no quick way through all the information. It is the perseverance and patience. In addition, each business is different and presents unique challenges. But you can do, and if it continues beyond the next person, then you win. So get ready. You can do it!

That said, here are my suggestions:

These are the four main points to remember:

  1. First Learn the basics of import export, but do not be too shabby. As I mentioned in my popular workshops imports and exports, there are seven main areas to learn about:
    • Product or service
    • Trade barriers
    • Market Research
    • International Marketing
    • Logistics
    • Legal Issues
    • Economic considerations

    Keep in mind that international trade does not light or quick to learn the subject. It is not something you can learn how to perfect a 4-hour session. However, I created a step-by-step online workshop of imports and exports for my clients and workshop participants, which will help you get started.

  2. Research, research! If you think a lot of research just to make phone calls, he looked up and collect important information, and reading the market reports, government statistics and trade magazines. The research will help you make important decisions for your business, such as how to market their products in a given country. More important, the study reveals that the project deserves further imports and exports or not.

    I always say, “Expand your search to reduce your risk”

  3. You should write a business plan (if it is a start-up) or an international marketing plan (if they are expanding into new markets with your current company) to attract investors, bankers, finance or small programs of government affairs. You can find this a shocking news, but guess what: no one can do for you. The international marketing plan is where you express the vision and the idea of ​​the company, and makes all your searches.

    Models of business plans and step by step guide
    International Marketing Plan Template

  4. Making the right connections. Relationships are the key to successful international business partnerships.

    Also, unless you are on your way to earning a degree or extensive training in the field, then the best thing to do is hire an international business consultant with training and experience to help. Having qualified input to increase your chances of success. As I said before, you should have a basic understanding of export to import, but you have to trust the experts will give you all the information required to make important decisions

    My experience holding public import export workshops and working with thousands of entrepreneurs around the world, has lead me to understand that most start-up companies cannot afford the expensive fees of a consultant.  That is why I created affordable options for my clients, participants, and website visitors.  On my Import Export Tools page, you can find all the low cost options I wrote to help entrepreneurs like yourself:

    You can also sign up for my Ezine and purchase the Import Export Smart Start Workshop, which includes import export business start up information, links, resources, and articles.   By becoming a subscriber, you will gain direct access to my advice, suggestions, online resources, and special offers. Enter your primary email address in the top left corner of this website.

    I know you can achieve your dreams through your own import export venture!

Tips For Starting A Business Of Import / Export

30 Sep

Thinking of starting an import / export? Maya, a Certified Import / Export Trade Professional offers these tips to get started:

  1. Many countries have set up offices (Consulates or Embassies) abroad to promote the export of their products. Consulate will provide you with industry directories and more. The embassies are located in the capital of a nation and consulates in different cities. In many cases, the Embassy web site will contain directories and manufacturer lists, as well as an email link you can use to power
  2. To import products, please contact the Consulate of the country is in their own country. If you are not sure of the products of another country wants, you can get catalogs and manufacturers.
  3. Contact the service rate in the country to ask about registration numbers or other procedures to be followed. For example, if you are Canadian, you need a registration number issued by the Canada Customs and Revenue Agency (CATA). Reporting to the CCTA of your plans to import or export, which emit an extension of your business number. This number is used in all documents.
  4. Learn about licensing requirements, if any. Many countries do not have the necessary permits for most products. However, if you are importing or exporting hazardous products (drugs, alcohol, chemicals, weapons, food and some clothing), you may need a license. “I recommend that people start out with low risk items that can be easily traded and have fewer obstacles such as gift items and consumption,” said Henzel. “Some industries, such as dairy, are guarded by lobby groups in some countries. You will find the fees and restrictions.”
  5.  Embargoes must create trade barriers against other countries. Many countries have embargoes against Cuba, for example. First of all, please contact the government, if there are restrictions or embargoes against the country you are considering. Next, contact the embassy of that country, if there are restrictions against goods in your country.
  6. Participate in the local crafts of the State (Chambers of Commerce, or if there is no local council of Commerce). In addition to the network, you can use for scientific libraries and other resources, offers a good business relationship with information.
  7. Use customs brokers. “Small businesses attempting their own documentation can be run on the delays at the border. If you make a mistake, you may be fined,” said Henzel. “A customs agent service is well worth the fees you pay. “
  8. When exporting, understand that a solution for the delivery and customs clearance services that works in every situation. Each contract is different. Every company and every series of products requires a different type of services or a combination of services. Engaging the services of the forwarder is one possibility. Forwarders arrange shipping and customs for goods going to other countries. “You have to buy these services and do your research,” Henzel explained. “A lot of questions. It is no different than buying a piece of furniture. Shop around first.”
  9. Familiar with Incoterms, as posted on the website of the International Chamber of Commerce (http://www.iccwbo.org/index_incoterms.asp). Incoterms are standard trade definitions that dictate the delivery and payment obligations of both parties. The two companies involved negotiate Incoterms for each deal. The best known Incoterms are EXW (Ex Works), FOB (free on board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid) and CPT (Carriage Paid). “You negotiate according to the Incoterms,” ​​Henzel said. “You decide who pays the costs of transport, who pays for insurance, etc.”
  10. Check with your bank for more information about credit cards, the most common form of payment in international negotiations. With a letter of credit, reduce risk and because the banks assure that the goods are delivered before the money is exchanged. As an importer, a Letter of Credit reduces the risk of having to pay upfront for goods or pay for goods that are inconsistent with the product description in the letter. As an exporter, you can be sure the buyer’s bank will receive the payment provided for the delivery of products as specified in an agreed period.
  11. Participate in trade missions. Check with your Chamber of Commerce or the local Chamber of Commerce to find out what is available.
  12. Finally, look to the Internet for more information on international trade. Many Web sites offer a range of information, you can access for free, including the website Henzel (www.importexportcoach.com).

Tips for Cruise Passengers Re-entering the U.S.

21 Sep

The U.S. Customs Service provides these 10 good tips for on its Web site for cruise passengers and others who are entering the United States.

Don’t rely on friends and shopkeepers for advice on what items “will clear Customs”. Instead, obtain this information directly from the U.S. Customs Service.

Declare “duty free items,” even if purchased in “duty-free” stores.

Do not attempt to bring unauthorized fruits, meats, and dairy products into the United States without first checking whether they are permitted.

Know the difference between goods for personal use vs. commercial use.

Know the difference between prohibited merchandise (such as ivory, tortoise shell products, absinthe, and counterfeit items) and restricted merchandise.

Be aware that many foreign manufactured items are not FDA-approved and, consequently, cannot be brought into the U.S. Also, when traveling abroad, bring only the amount of medication you’ll need during the trip.

Do not attempt to return with Cuban cigars, unless they were purchased in Cuba while on authorized travel.

Know the rules governing the $800 exemption on goods brought back from abroad.

By law, Customs officers have the authority to conduct enforcement examinations without a warrant, ranging from a single luggage examination up to and possibly including a personal search.

Be sure and read U.S. Customs Know Before You Go brochure. You may request a print copy of the brochure by writing to USCS, P.O. Box 7407, Washington, D.C. 20044.