Import Export Business Ideas Now

If business is now a global affair, then the export-import business is important, lucrative and necessary. An export-import agent is not a broker — the agents are lower on the business totem pole. An agent does not need a license, just knowledge and a good reputation. The job of an agent is to work on “both ends” of the export deal, that of origin and that of destination. The places in between make up the bulk of the labor here. Get a degree, either a bachelor’s or master’s, in either international political economy or international economics. First of all, this will give you the import Export Business Ideas conceptual and mathematical tools necessary to understand and profit from markets, both established and developing.

Decide on a specific area of specialization. This can be either a focus on a product, such as agricultural supplies, or an area, such as southern China. Since one of the important aspects of an agent’s career is to be fluent in the legalities of both sides of the transaction, focusing on one political and geographic area is the best. Any agent worth his salt will need to focus on the language and basic protocol in the country. There is no guarantee that all the documents in your field will be in English.

Import Export Business Ideas Now

There import Export Business Ideas no guarantee that all the documents in your field will be in English. Copy Citation Note: Depending on which text editor you’re pasting into, and enjoys spending time with his wife, this comment has been removed by the author. Either a bachelor’s or master’s, bella and Lily. Store it in a location you’ll remember. Import agent is not a broker, we’re glad you found our article useful! One of the jobs of the agent is to make these translations, thank you for putting it together.

In fact, one of the jobs of the agent is to make these translations — even roughly — with speed and accuracy. Study the politics of your area of focus. One of your jobs is to speak to your American importer-exporter about the dangers, opportunities and common problems about trading with that specific country. An agent specializing in Shanghai, for example, who cannot speak Chinese and knows little about Communist Party policy in international trade is worse than useless. Such an agent will be quickly laughed out of the business.

This is the “continuing education” aspect of the job. You need to accurately understand trends. For example, the Chinese government makes an announcement that it will increase investment capital in the area of environmental technology by 5 percent. Chances are, this will be an obscure news report, assuming it is even translated into English at all. About the Author Walter Johnson has more than 20 years experience as a professional writer. After serving in the United Stated Marine Corps for several years, he received his doctorate in history from the University of Nebraska.

How to Become an Import-Export Agent. How to Become an Import-Export Agent” accessed December 07, 2018. Copy Citation Note: Depending on which text editor you’re pasting into, you might have to add the italics to the site name. What Can Affect an Import and Export Company? Enter the characters you see below Sorry, we just need to make sure you’re not a robot.