How do I start an import/export business from scratch?

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Basic Export Procedures:

1. Market research and identification of distribution targets

Select target market, export way and channel

Determine pricing and terms for foreign market objectives

2. Trade regulations

Export regulations and requirements

Overseas import regulations and requirements

Patents, trademarks and copyrights

3. To contact

Enquiries about overseas buyers

Check the buyer's background from the letter of guarantee and/or the bank

4. Quotations and Terms

Provide quotations for potential buyers

Fees, quotations and valuation invoices, and sales terms

5. Sales Contract

Confirm Sales contract and transaction terms, such as terms of payment

6. Contract execution

Production or purchase of goods

Packaging and labelling

Arrange shipment

Preparing to export a document

Arrange insurance if necessary

7. Customs Clearance

Arrange export declaration and apply for export license if necessary

8. Access to remuneration

In accordance with the terms of payment under the sales contract, the exporter shall produce the required documents to the parties concerned for payment.

Basic Import Procedures

1. Set the market target

Set market targets for pricing and terms

2. Purchase Products

Identify potential suppliers. Distribution of procurement channels

3. Trade regulations

Import regulations and requirements, and check whether import license is required. Patents, trademarks and copyrights

4. To contact

Send disclosure to the right supplier

5. Settlement quotes and Terms

Analyze quotations and bids from suppliers. Cost and sales conditions

6. Financing for procurement

Preparation of Working capital. Types of bank financing and applications, such as exporter credit or other banking facilities

7. Sales Contract

Confirm Sales contract and transaction terms, such as terms of payment

8. Preparation of payments and insurance

Prepare the payment and insurance as stipulated in the Sales contract (e.g. payment period for D/A, submit the letter of credit to the issuing bank, and arrange the cover note with the insurance company when the trading term is FOB). Prepare insurance when necessary, cover notes

9. Access to goods

Receipt of shipment notice and arrival notice

Receipt of export documents from exporters

Collect goods from a designated shipping company or freight forwarder

I know a great site of export/import. You can surf the Internet to review TradeSNS. TradeSNS is one of the most trusted importers of export data providers in the world. It offers the most valuable business intelligence, convenient access, a pocket-friendly price to the popular searchable import-export trade database in the world.

Hope can help you!