How to become an import agent
An import export business involves many legal and formal documents and procedures which are confusing and tiring sometimes. If you want to become an import export agent, you must be having many questions in mind that are still unanswered. Unfortunately, the information related to this particular business is not easily available online so the young entrepreneurs struggle a lot to find answers to their questions. In this article, we will be discussing everything about the business from import-export business plan to import export services in detail so that all your doubts regarding this business are cleared. Also, if you take up a import export course in Ahmedabad, many of your questions will be answered there too.
How much do import export agents make?
When it comes to making money, import export agents make sufficient money every year to earn their livelihood with ease. People who have undergone Export Import Training earn much more as compared to the untrained ones because of the prior knowledge they have but still the agents earn good. In India, the average approximate earning of an import export agent with 1 to 3 years of experience is around 5 lakhs while those who have around 8 years of experience earn 8.5 lakhs.
How much does it cost to start an import export business?
Well, many of you must be having this question in mind as many have the guts and confidence to start the business but not that much capital to invest. So, if you do not have much capital to invest and you are new to this business, you can always start as a mediator or a middleman with a foreign seller. In this way, you will be able to make money as well as understand the intricacies of the business which will later help you in setting up your own business in future.
Also, to start with, invest a very small amount like 1000$ (around 75 thousand INR) to understand the market initially and once you have understood the market, gradually increase the amount as per your income.
What does an export agent do?
An import export agent has to do a lot of things to ensure smooth business. He has a responsibility to manage everything from negotiating with potential buyers, studying the market, doing all the promotional activities for his products in local as well as international markets, making contacts with the international buyers through proper communication and many other things. If the product requires service, the agent has to actively either provide service or arrange service as per the needs of the buyers.
Some points to keep in mind in order to become an import export agent are below
PAN Card is mandatory
PAN card is one of the most important documents you must have if you are starting a business in India as it is mandatory from the Government of India.
Select the form of business
Selecting the form of business initially is a mandatory step in starting the export consultancy services india. After this, you will be required to register your business depending upon your entity.
Select the right export product
The product you select must be based according to such factors like the current market trend, demand of the product, state of the international market, economic status of the country etc.
Select the right export market
Demand of the product in the international market and domestic customers must be carefully studied, your profitability must be carefully analysed and the import-export rules of that particular country must be well researched.
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