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Import/Export * Building A Profitable Home Based Income For Life - Articles Surfing
Woolen jackets, paper rolls, light up teddy bears, clocks and DVDs * there is tremendous potential to make a very good profit from all of these products and countless others just by knowing the basics of one of the worlds oldest trades.
Importing & exporting may not be the first thing that leaps into your mind when you think of home based businesses. However, there are few genuine opportunities that offer better prospects * big profits, subsidised travel and a good work-from-home lifestyle are just a few of the benefits you'll enjoy once your import/export business is up and running. The set-up and operational costs can also be accommodated on a total shoe string budget.
So is importing/exporting from home right for you? Here are a few factors you need to consider before taking your first steps into this lucrative business:
So how do you go about finding products to import and export once all the nuts and bolts are in place? One great way is actually by travelling around * there are literally millions of products out there that have the potential to make you a small (or large) fortune once you import them into your domestic market. To illustrate my point, last year while on a holiday to India I stumbled over some delightful glow-up keyrings that were being sold for 10 rupees each (about 40 cents) * instinct had told me there was enormous profit potential here and upon returning home I found the same key-rings selling for $7.95 in a popular department store. Do you think it would be possible to profit from this situation? Of course it is, and there are countless other opportunities like these simply waiting to be discovered. It is also possible to write off your travel expenses (flights, hotels, dining costs etc) against your profits which gives you a great chance to travel the world at a heavily subsidised rate.
You can also find ideas on what to sell by sifting through specialised publications & websites, investigating trade shows and by browsing national trade statistics (eg via the United Nations Yearbook Of International Trade Statistics). But above all, be alert * when you see something interesting, ask yourself *can I import this thing in my home market?*
Now a word about marketing * whether you like it or not, the long term success for any product depends to a large degree on the way it is marketed. Get this right and you could make a lot of cash very quickly. Get it wrong and you could struggle. Like most things marketing technique can be acquired and refined but you should come up with a marketing plan in addition to your general plan. Encouragingly from a work-at-home perspective there are any number of marketing methods that will bring you success, some at very low (or no) cost.
OK, what we have gone through is just the tip of the iceberg. A profitable work from home import & export business is more possible than most could envisage but as with any worthwhile venture you will require some level of persistence and willingness to learn. If you*re willing to put in the effort the rewards are far greater than you could possible imagine.
Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).
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