How to start export -import business step -by-step Guide
Hii..
That's Ashish meena hear you export import guide
Let,s go World 🌎 🌎 Trade business.
Let's tell we discussed about how to start a Export import business in beginners.
Now most of the new generation male and female bothe doing this business.all are successful exporter .in our field .
So I discussed about ourselves.in this business starting in new business all ways and markets are new for you .no knowledge and experience in this market ..
I guide you how to start a Export import business in step by step
Lot,s of topic cover in this business.
. Start a learning a import export. business zero to advance
1.what is import/export.
2. introduction and apportunity in export import
3. How to select product
4.goverments benifit
5.HOW TO SELECT TARGET MARKET
6. HOW TO DO INTERNATIONAL MARKETING
7.HOW TO FIND BUYER'S
8.Digital marketing
9.communication
10.logistics.
11.Documentation
12.banking
13.HOW TO DO IMPORT
14.IMPORT LOGISTICS
15.IMPORT DOCUMENT
My viewers I say something once you complete all this topic your 80% import export business knowledge complete.remaning 20% cover in practic and practical..
Topic.1
What is import/export. businesses..
Import .a product or service that is brought by the one country from another .
Export. A good send to another country.usually for sale..
Topic 2.introduction and opportunity in export import..
: starting an import business is a goal of more than thousand of merchant and business man.like an export business, import businessman.like an export business, import business is also very profitable business,if an importer proceeds with the right strategies . However,the long term success and profitable of an importer business greatly depends on the importer,s knowledge and understanding about the international market and foreign markets analysis.
Exporter importer and Their Types......
1.merchant exporter.
2. Manufacturer exporter
3.status holder.,
4. Status holder holder
5.service exporter
Now.....
1.who is a' merchant exporter?'
"Merchant exporter" means a person engaged in trading activity and exporting or intending to export goods.merchant exporter procure the material from a manufacturer and exporter in his firm name . here marchant exporter procure the order from international market..
Merchant exporter does not have own manufacturing unit or processing factory. Merchant exporter are the exporter who purchase goods from the market and sell them in foreign countries. They enjoy several advantages:
Limited capital
Specialization in marketing.
Large market share.
2. What is meant by 'manufacturer exporters ?'
"Manufacturer exporter"means a person who manufacturer goods and exports or intends to export such goods. The manufacturer exporter procures and process raw material at his factory and export finished product. Here's the manufacturer exporter procures the export order and export in their own name.The manufacturer may also appoint agent abroad for selling products. They enjoy several advantages.
First information about foreign markets
Exercise a direct control over marketing activities.
Enjoy full benifit to export incentives .
Enjoy greater profits and goodwill in the market.
What is meant by project exporter.
There are many professional companies undertake contract for designing , manufacturing supply erection , commissioning etc when they earn foreign currency on their sale ,they fall under project exporter and eligible of all assistance and support as project exporter exports.
3.status Holders.
The Government of India introduction the concept of status holders in the in the year 1960. Export house 🏠 was the first category introduction by the government with the objective to of promoting exports by providing assistance for building marketing infrastructure and expertise required for export promotion. Thereafter in the year 1981, trading house were introduction in order to develop new product and new markets , particularly for the products of sell and cottage industries.
4.services exporter...
Considering the increasing share of services in the total export from India , the government introduced the concept of services export house in the EXIM policy 2002- 07 as per this policy ,the service providers who have achieved a stipulated level of export performance are eligible for recognition of status holder .
Topic 3.
How to select product for export ...
An entrepreneur should select the right product for export because selection on the right export product is crucial for success in the export business. The selection can be made on the on the basis of consideration of various factors .
Why product selection is important...
Selectivity is the key to success in all spheres of life including export market .An exporter may wish to deal in all kind Of products and to sell them everywhere in the world . However,it is not possible for him to do so due to the wide expanse and demand variations in different market price n the order to operate at the international level.An exporter has to consider factors while selecting product for the export market and export Trends..
Find right product for Export...
To successful exporter your product ,you should examine foreign markets through research The purpose is to identify marketing opportunities and constraints ,as well as to identify prospective buyers and customer.
Find right product for export ....
To successful export your product ,you should examine foreign markets through research The purpose is to identify marketing opportunities and constraints abroad ,as well as to identify prospective buyers and customers..
Right guidance for growth..
My step by step guide will take you through the various activities you need to do get your export business off the ground right from choosing the most effective type of business model ,to selecting the right markets and buyer ,to setting up your final documentation and getting ready to ship your first order ..
Good opportunity in future...
. Business opportunities.
✓ manufacturer exporter
✓ merchant exporter
✓ manufacturer cum merchant exporter
✓ Asa consultant
. Job opportunities
✓ international marketing
✓ shipping and logistics
✓ Documentation and legal
✓ Banks/trade advisory
✓ Airlines and cargo.
SWOT Analysis for export selection.
: SWOT analysis is a useful method of summarise all the information generated during the export planning.swot standard for strength, weakness, opportunities,and threats ,which helps to isolate the strong and week areas within an export strategy.swot also indicates the future opportunities or threats that may exist in the chosen markets and is instrumental in strategy formulation and selection.
To apply your SWOT analysis start by creating a heading for each category -
Strength, weakness, opportunities and threats. Under each of these,write a list of five relevant aspect of your business and external market Environment.
Strength and weakness apply to internal aspect of your business, opportunities and threats related to external research.
Your finally Analysis should help you develop Short and long term business goal and action plan, and help guide your market selection process..
Environment factors internal to the company can be classified as strength or weakness,and those external to the company can be classified as opportunities or threats.
How to select product for export.
Choosing a product plays very important role before starting any business especially for export business.
Medical equipment.
Indian garments.
Fresh fruit and vegetables
Top think to keep mind while product selection......
What is the secret to new product success.? While it is different for every product,here are some tips for getting your product launch right 👍 👍 👍
✓. Timing
✓. Price
✓. Packaging
✓. Your new product's name
✓. Promotion
✓. Know your target market
✓. Know your competition
✓. Reviews
✓. Important parameters in product selection
✓. Be clear about your reasons for exporting
✓. You want to boost turnover and spread your costs
✓. You are looking for new markets
✓. You have built up a strong domestic based and want to maintain your rate of growth
✓. You have an international competitive Innovation
✓. Your customer expect you to operate on an international basis
✓. You want to extent the lifecycle of your product
✓. You are receiving foreign enquiries or attracting international visitor to your website..
Topic 4.Goverment benifit.
1. Merchandise export from India scheme [ MEID]..
2. DUTY DRAWBACKS SCHEME.[DBK]
3. ADVANCE AUTHORISATION [ AA]
4.DUTY FREE IMPORT AUTHORISATION
5. MARKET ACCESS INITIATIVE SCHEME
6. EPCG (EXPORT PROMOTION CAPITAL GOODS) SCHEME.
7. RoD TEp
8.EXPORT ORIENTED UNITS
9. SOFTWARE TECHNOLOGY PARK
10. ELECTRONIC HARDWARE TECHNOLOGY PARKS
11. BIOTECHNOLOGY PARKS
In those scheme details information
how to work ,
how to benifit , details in my next Page...
Topic 5. How to select. target market.
Practical anylisis of country.
Market Research..
Market Research key to success in export business.market research is essential for any business to succeed ,and while you are going to explore a totally unknown overseas market,it becomes essential something without which we can never thick of success in export business..
How to select market for export.
Market selection process required a board range of information depending upon the product or service to be exported ,which includes.
✓. The demand for Product/service
✓. The size of the potential audience
✓. Whether the target audience can afford product
✓. What the regulatory issues are that impact on export of product.
✓. Talking to colleague and other exporter.
✓. Trade enterprises web site , publication,call center.
✓. The library
✓. The internet.
In your product most of the country import in origin in India product .
..
Topic 6.
How to do international. marketing.
International marketing is to undertake the market activity in more than one nation .it is often called as global marketing i,e designing the marketing mix ( product, price,place, promotion) worldwide and customized it according to the preference of different nation people.
.Paid promotion in website product catalogue.
International marketing by youtube, video Facebook, instagram,linkdin .
Topic 7
How to find buyer?.
Finding by online..
In export business,it does not matter if you find buyer newcomer testing international waters for the first time or as established exporter looking to grow your business abroad.
Way of finding buyers..
To sell products you need a market it.in export this is a country or countries with a demand for you .,how does an exporter go about finding this market .?
With market research and product analysis..
Online..find..
1. Website/blog
2. Email marketing
3. Social media
4. B2B
5. Export import buyers data
Paid data
Offline..find..
1. Export promotion bodies
2. Chamber of commerce
3.Third party agencies
4. Market research company
5. Industry resources and personal.
6. Exibition and trade fair
Topics .8
Degital marketing...
Practical digital marketing
Digital marketing is the marketing of product or service using digital technology ,mainly on the internet,but also including mobile phone , display advertising,and any other digital medium .
Social media profile..
Your social media profile helps you get found .you social media profile helps you show business credibility to you target audience.you social media profile makes you stand out from the competition .you social media profile is a way of engaging with people who often become valuable connection and customer , se o creat good social media profile.
1.facebook marketing.
2.linkedln marketing.
3.instagram marketing.
Paid marketing in Google and social media.
4.google map 🗾
5. PPC pay per click paid marketing.
6. Email marketing
Topic.9
Communication.
How to do international. communication...
1.The correct way to address people.
2.Built trust
3. Business card etiquette
4. Time management
5. Awareness of hierarchies
Using email format to communicate.
And live zoom meeting conducted.
Using translation hadepone/device available.
.
..One to one communication
..Email communication.is the best way in this business .
Topic.10
Logistics function.
Step by step logistics process.
Logistics is the process of planning and executing the effecting transportation and storage goods from the point of origin to the point consumption .The goal of logistics to meet customer requirement in a timely cost effective manner.
The process of exporting goods involved many step and closely related to each other . Therefore to be able in the import export industry in particular and logistics in general you need to know this process very well
How to do by sea export.
Transportation by sea allow to ship large volume with lesser cost than the other three mode . shipping container could also be used when transportation goods by land if the business need to transport large quantity but there is no pressure to deliver quickly shipping bu sea may be suitable .
How to do by air export.
A cargo craft is a fixed wing aircraft that is designed or covered for the carriage rather than passenger.such aircraft usually do not incorporated passenger amenities and generally features one or more large door for loding cargo .
What is logistics?.
Logistics is generally the details organised and implementation of complex operation .in a general Business sense , logistics is the management of the flow of things between the point of origin and point consumption to meet the requirements of customer or corporations .
Topic.11.
. Documentation..
Different types of documents in export/import
✓ bill of lading/airway bill
✓. Certified of origin
✓. Commercial invoice
✓. Consular documents
✓. Destination control statement
✓. Dock reciept
✓. Export license
✓ export packaging
✓ Free trade documents
✓. Inspection certificate
✓ insurance certificate.
This is all most important documents in export import business.
One time documents.
1. IEC (IMPORT EXPORT CODE)
2.RCMC (Registration cum membership certificate).
3. GST
4. LUT [LETTER UNDER CREDIT]
5. AD CODE
6. ISO CERTIFICATE
7. FSSAI CERTIFICATE FOR FOOD
8. ADC CERTIFICATE FOR PHARMA
9. FDA CERTIFICATE
10. GMP
11. HACCP CERTIFICATE
12.KOSHER CERTIFICATE
Regular documents per shipment.
1. Performa invoice
2. Invoice/commercial invoice
3.packing list
4. BILL OF LADING
5. AIR WAY BILL
6. LR LORRY RECEIPT
7. E- WAY BILL
8. COO - CERTIFICATE OF ORIGIN
9. FUMIGATION CERTIFICATE
10. PHYTOSANITARY CERTIFICATE
11. INSURANCE CERTIFICATE
13.YESTING REPORT OF PRODUCT
14.HEALT CERTIFICATE
15. MSDC MATERIAL SAFETY DATA SHEET
16. TPI
17.CHARTER ENGINEER CERTIFICATE
FOR DETAILS IN THOSE DOCUMENTS
IN NEXT CONTANT IN MY BLOG SO
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Topic 12
Banking in export/ import
The banking sector to house plays an important role in international business.Today ,almost all banks have formed collaboration alliance and established corresponding banking relationship with banks in other countries to better serve their international business community.The most common instruments used for payments and shipment control is a letter of credit issued by the bank of the buyer's in favour of the seller.
How to get finance for export.
✓ by bank 🏦
✓by financial institutions
✓by friend and relatives
✓ help from EPC for finance
✓ market assess initiative scheme
✓ export rural bank
✓ several federal state and local government agencies.
Role of bank 🏦 in export import
Without banks the international finance and import export industry would not exist ,banks make possible the reliable transfer of funds and translation of business practices between different countries and different customers all over the world.
AD code registration.
An authorised dealer code is a 14 digit number code provided by a bank with which your business has a current account .you will need to register an ad code at every port from where your goods are clearance by custom ..
Different types of letter of credit.
✓ commercial letter of credit
✓ standby letter of credit
✓confirmed letter of credit
✓Back to Back letter of credit
✓revolving LETTER of credit
✓ sight LETTER of credit
✓ deferred payment letter of credit
✓ red clause letter of credit
Topic no 13
How to do import .
How to select product for import.
Getting into the product import export business comes with its challenges and many decisions can change the course of you success.one of the most important aspect of the import export business is the type goods that you want to import into a certain country . There are many importer opportunities to consider,but not all them be the best choise for your company or for the Market you want to enter.
How to select country for export.
Different countries will have different needs around the world and what is goods for of them might not be good for all . depending on the climate , geographical position culture and lifestyle,you will find that the needs are changed from region to region .it is always a great idea to get familiar with other import product that sold successful in that location.
Topic no.14
Import logistics.
Invoice term in import .,(incoterm 2020)
The international chamber of commerce define incoterm rules the world,s essential term of trade for the sale goods ,which "provide specific guidance to individual participants in the import export of global trade on a daily basis
Incoterm 2020.
1.EXW. [EX WORKS OR EX WAREHOUSE]
2. FCA
3.FAS
4. FOB
5.CFR
6. CIF
7. CPT
8. CIP
9.DAP
10.DPU
11. DDP
How to do sea import.
How to do air export.
How to do by road export.
Import logistics pricing.
Chana dal 40,000 +profit 10000
Total. 50,000 Ex work incoterm applied.
LOADING. 5000
TRANSPORTATION. 20,000
INSURANCE. 2000
UNLOADING. 5000
STUFFING. 5000
THC. 15000
BL. 3500
CHA. 3500
TPI. 10,000
FUMIGATION. 3000
PHYTO CERTIFICATE. 2000
EXTRA. 5000
TOTAL 80,000 FOB
TOTAL CHANA DAL 20 TON / 80,000
4000 EXW + COST UP TO SHIP ,= FOB
1 TON CHANA DAL FOB 54000
COST 80,000
+,
INSURANCE 2000
FREIGHT 78,000 =80,000
CIF value per ton expense 4000 rs .
CIF. 58,000 per ton
USD. 773.33 per ton chana dal
CIF value mumbai port import price 58,000
Destination do fees +thc+ logistics 80000
All charges for 20 ton ,for 1 ton 4000
Import vif price 58000
+20% import duty 11600
+GST 12%. 8352
Total 77952
+ Import logistics. 4000
DDP price. [81952]
Topic no 15
. import documents.
Different types of documents in import .
✓ bill of entry
✓ commercial invoice
✓packaging list
✓ AD code registration
✓ bill of lading or air way bill
✓ import license
✓ certificate in insurance
✓ letter of credit
✓ Technical write up or liteure
✓ industrial licence [ for specific goods]
What documents required for import
✓ bill of entry
✓commercial invoice
✓ packaging list
✓ bill of lading
✓insurance order /letter of credit
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