What Is An Import and Export business?

Import and Export Business is one of most growing industry. There are 350,000 importers in the United States bringing in some $656 billion worth of goods each year. The top 1,000 of those importers account for 61% of the total import value-some $400 billion, or an average of $400 million each. That leaves the remaining $256 billion in imports spread among 349,000 importers, or a rough average of $734,000 each in importation value. Assuming normal profit margins we can assume the "average" importer has sales of $1-2 million dollars per year, but keep in mind start-up companies are part of the set making up the average. As you can see, although relatively few huge corporations handle nearly two-thirds of all imports, for almost all importers, importing is a small business.

What Is Benefit of An Import and Export Business?

Make your life income from any low cost suppliers from south east Asian countries and you will have opportunities to find cheaper sources overseas and build the market in U.S. Let's assume an item costs $2.50 each in China. Plus shipping, banking, custom fees say $.50 each, the item costs $3.00 totally and transported from overseas to your warehouse ready to go to retailers in U.S. If your wholesales or independent sales representatives purchase from you at $5.00, you gain $2.00 profit. If you directly sell to your ultimate consumers at $10.00, your profit is $7.00. How much profit depends on what channels of distribution you sell to, and what price of sourcing you can get. By far china is most likely the lowerest labor country and nearly best manufacturers to get source from.

Your significant role pleased both suppliers overseas and buyers in your country. The most enjoyable part in this Import and Export business is: On one hand, you act as an importer, you place orders to your suppliers overseas, they are indeed need these orders, especially in China, these orders are a great help for thousands of people's employment. On the other hand, you act as a seller, you bring your product into the market where people in need of those goods as well. You are right in the middle of both side - in between foreign suppliers and your homeland people - those wholesales, independent sales representatives, or retailers or consumers, in your own country. Your significant role pleased both side, and you yourself, too.

Multiple culture and business relationship will bring you more value than you expected in an Import and Export business. One of my buyers in New York signed a contract with me way back in 1988 when we first met in World Trade Center.( It was collapsed on Sep 11,2001) This was the first time for him importing microscopes from China. The negotiation was hard for both parties because we never had the business relations before, we just didn't trust each other. It was a hard beginning. But as a result, this buyer kept placing incessant orders from us for 15 years based on the mutual understanding and mutual benefits. Between two parties there is not merely a business partner but a long term relationship. This is the beauty of the business, it brings me more value that not money can count.

Starting An Import Export Business as your own. To make your dream career happen. This is an opportunity. 80% of the millionaires in America became rich in their own career, and 2/3 of them are self-employed. It seems the most common career move in becoming rich is to become self-employed. If you have your passion on it, this Import and Export Business will be your dream career and it would become a part of your life.


Author's Bio: 

Qing L.Petras is the author and owner of for-your-dream-career.com Her career for over 20 years was import and export business in China. This website provide free comprehensive career resources for people who seek jobs, career change, and career development. Her web site traffic was 16,475 visitors and 37,983 page views on March 2011.