Importing - Where to Start?
An Import business can be very exciting. For those who have an eye for detail, watch foreign business trends, and know how to make great relationships with other people, an Import business can be an excellent way to earn a substantial income while having an exciting time.
Import requires the ability to meet foreign business owners and bridge the gap between their products and our domestic consumer base. For those who wish to start their own import business, they will be delighted to learn that the US Government encourages both import and export and have established many resources, guides, and assistance to help you with your new career.
Once you have determined that you will start an Import business, you will need to begin by making contacts. Fortunately, there is very little financial overhead that you will need, however you may find that you are required to travel to foreign and distant lands (all work related of course) to find the best products to import. You will need to carefully analyze the market, and you must have a “knack” for finding the best products to import.
After you have found the market, you will need to ensure that the businesses that you will be dealing with overseas are both reputable and legitimate. A good resource to help you with this is the U.S. Embassies that are located in the areas where you would like to establish relationships. Once you have determined that the businesses are legitimate, you will then begin importing those products to American markets.
Analyzing the field is critical to your success as an importer. You need to ensure that the products that you are importing are truly in demand in the American markets. Also, you may find that certain areas are more acceptable for those products then others. However, once you make those connections, you will be rewarded with a successful career as an importer.