International Import Export Agency Starting Tips

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International Import Export Agency Starting Tips

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If you want to start an international import export agency, you need to prepare a plan to ensure your venture's success. – PowerPoint PPT presentation

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Title: International Import Export Agency Starting Tips


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International Import Export Agency Starting Tips
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  • Many goods that are bought and sold are obtained
    through imports and exports. Entrepreneur
    magazine notes that more than 90 percent of
    international import export agency is small
    businesses. The import/export business is ideal
    for people who are organized, not afraid to make
    a sales pitch, and enjoy dealing with people from
    different cultures.
  • If you want to start an international import
    export agency, you need to prepare a plan to
    ensure your venture's success.

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  • Determine your target market In an
    international import export agency, any
    manufacturer or supplier is a potential customer,
    as long as it is interested in buying or selling
    a product. Look at your business background and
    interests when deciding what niche you want to
    work with. For example, if you have work
    experience in the health-care industry, you might
    want your agency to import and export
    health-related products.
  • Decide what type of international import export
    agency you want to run There are several options
    you can choose from. Export managers locate
    buyers for existing manufacturing firms, while
    export-trading companies seek out companies that
    want to sell their goods overseas. You can also
    opt to import and export goods on your own, notes
    "Entrepreneur," and earn a salary or receive a
    commission or retainer.

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  • Purchase the equipment needed for your office
    An international import export agency can be home
    based. You can start on a shoestring budget with
    a computer, fax machine and printer. If you are
    not starting an agency as a distributor, you will
    not need to purchase inventory when launching the
    business -- which can save you a lot in terms of
    start-up funds.
  • Obtain a business license You should contact the
    appropriate licensing agency in your city or
    state to determine what type of license you will
    need. In addition, you will need an international
    import export agency license, and the type of
    license you obtain will depend on what kind of
    goods you are importing. For example, if you
    import or export wildlife, you must apply for a
    license from the U.S. Fish Wildlife service.

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  • The advent of US trading Company has reduced
    costs for both investors and discount brokers.
  • To encourage people to do their investing
    themselves, brokers have lower commissions for
    trades placed online than for trades placed over
    the phone with a representative. It is not
    uncommon to pay somewhere between 4.95 to 9.99
    for an online trade same trade which would cost
    about 29.99 if made over the phone. The lower
    fees have also made the capital markets
    accessible to a wider range of people who may not
    have been able to afford the higher commission
    fees of a personal advisor or over-the-phone
    trade. As brokers transition into automated
    trading, they save costs on their ends from
    hiring fewer human representatives.

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  • Another benefit of US trading company is the
    improvement in the speed of which transactions
    can be executed and settled, because there is no
    need for paper-based documents to be copied,
    filed and entered into an electronic format.
  • When an investor enters an order online, the
    order is placed in a database which checks for
    the best price by searching all the market
    exchanges that trade the stock in the investor's
    preferred currency. The exchange with the best
    price matches the buyer with a seller and sends
    the confirmation to both the buyers broker and
    the sellers broker. All this is done within
    seconds of placing a trade, compared to making a
    phone call which has to go through several
    confirmation steps before the rep can enter the
    order.

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  • Not all securities are available to be traded
    online, depending on your broker. Some brokers
    require that you call them to place a trade on
    any stocks trading on the pink sheets and select
    stocks trading over-the-counter. Also, not all
    brokers facilitate derivatives trading in
    commodities and currencies through their online
    platforms. For this reason, it is important that
    the trader understands what a broker offers
    before signing up with the trading platform.

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Contact us
  • Sail Smooth, LTD.
  • Locations Miami, FL, AP-018004
  • Phone (305) 647-7963
  • Website www.sailsmooth.com.hk
  • E-mail info_at_sailsmooth.com.hk
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