Best Import Export Business Ideas – With this article you will get rough and good idea about import and export business and few ideas also listed in this article. Complete knowledge of export-import business will get through only courses but with this article at least you will get overview and few idea.
Best Export Import Business Ideas– Do you think about Import Export Business? Do you want to know the Idea(s) related to the Import Export Business? If “yes” then definitely read this post completely. The most important thing before starting any business is – “Having the right information”. If you have the right information, then your decision will also be right.
Note – Before starting the business, take as much information as possible about it.
Table of Contents
What is Export Import Business?
Export = export, sending out (out of your resident country) goods. Import = import, bringing foreign goods (goods) into your resident country. In this business, goods are bought from outside countries and sold in their country and the goods produced in their country are sold in international markets.
This is called Import Export Business. It is also called International Business. In India, the Directorate General of Foreign Trade (DGFT) organization monitors and facilitates foreign trade. Before starting a business, you have to apply for registration and license which are mentioned below.
Also Read – 18 Best rules to make business successful.
How To Start Import Export Business
Business Registration |– You have to register your business under Proprietorship, Partnership, Private Limited Company, Limited Company to your company or business. In the registration pattern, you can choose any facility and specialty. More information about this can be obtained from the District Industries Center.
Open a current account in a bank and for international money transactions, you will need a Swift Code, which you will get immediately from the bank on demand. It is necessary for the importer and exporter to have a PAN card, which you can get from the
Income Tax Department. Import Export Code (ICE) Apply for IEC code. Basically, it is a 10 digit number which is mandatory for exports and imports. It can be obtained from The Directorate General of Foreign Trade (DGFT).Complete all the mandatory work related to Tax Registration.
If the rules and regulations of Import Export Business or International Business keep changing, then for complete and correct information about it, contact your nearest government industry center and get complete information.
Important point for Starting Import Export Business | Important points to start import export business After obtaining the license and permission as per the norms laid down by the Government of India, there are other aspects that you will need to consider seriously. Some important facts related to business planning and operation.
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Selecting the right product for Import Export business.
- Select Potential Market.
- Find Buyers.
- Get the sample taken.
- Get knowledge of technology.
The business of import export can also be started through websites like eBay or Alibaba. In this, you can sell your product to any one person or company.
Import Export Business Ideas
- Aluminum Import Export (Even though you can purchase from your local guys or manufacturer and can be export t other countries)
- Agrochemical Import | Export agrochemicals
- Royal Enfield Parts Export by purchasing from local manufacturer | Import Royal Enfield Parts
- Cereals & Pulses Export | Import of cereals and pulses
- Coffee Export | Import coffee
- Copper Import and Export
- Diamond Import and Export
- Electronic Component export | importing electronic items
- Electronic Toys export| importing electronic toys
- Glass & Glassware Import | Importing Glass and Glassware
- Handicrafts Item Import and Export
- Jewelry Import and Export
- Leather Item Import and Export
- Meat & Processed Meat Import and Export
- Milk & Milk Products Import and Export
- Oil Seeds Import and Export.
- Pearl Import and Export.
- Pulp or Wood Import and Export
- Raw Cashew Import and Export
- Rice Export | export rice
- Spice Import and Export
- Import and Export of Sugar
- Sunflower Seeds & Oil Import and Export
- Import and Export Tobacco 25. Woolen Yarn Import and Export
- Fabric Export Import and Export.
- Import and Export of woolen yarn
- Import and Export of cloths
It is right to do business in the business of which we have complete knowledge. No business can be done by relying on someone else. To get more information about this business, meet someone who does Import Export Business. The nature of business is risk.