Exporting or importing?

kirubel · Nov 6, 2023

I think we all know what exporting business and importing business means, to make it clear exporting business means selling goods or products that is produced in your area and in your country to a customers living outside of your country.
and importing is the revers its bringing products and goods that is produced outside your area and bringing it and selling it to your area.
When we think about both investment plans they both have pros and cons, but which of this have more investment risk?

eldavis · Nov 6, 2023

I think both of their own risk and can't actually say which one has more risk than the other. Both has to do with the movement of from one country to another.

kirubel · Nov 7, 2023

eldavis said:
I think both of their own risk and can't actually say which one has more risk than the other. Both has to do with the movement of from one country to another.

Of course both importing business and exporting business have their own risks and profits, but some times when we think about importing it needs a large amount of funds to run it, and it need huge amount of forex currencies.

Ofonime · Nov 13, 2023

eldavis said:
I think both of their own risk and can't actually say which one has more risk than the other. Both has to do with the movement of from one country to another.

Importation had more risk than export where the risk come in is that you will just loss your money if you want to transfer money to third party that promise to send you goods,so one need to be very careful for that,I have done mini exportation business back then and it was successful

timewo · Nov 13, 2023

I am exporting and forced to import because of the dishonesty of some of the internet companies. They will take money from the customer, and then falsely claim that their friends who do not pay, are paying and get them government jobs.

kirubel · Nov 14, 2023

Ofonime said:
Importation had more risk than export where the risk come in is that you will just loss your money if you want to transfer money to third party that promise to send you goods,so one need to be very careful for that,I have done mini exportation business back then and it was successful

True, exporting business need a lots of hard work, communication with stores and shops in another country and some times we lose money if we really don't know the business and the marketing system.

Stardom22 · May 2, 2024

Every business has their own risks. For the case of entrepreneurship one needs to be risk taker for them to succeed in business.

bestwriter · May 2, 2024

Both have risks In the case of exports payment may not be forthcoming and in the case of imports goods may not arrive or may not be of good quality

nomad · May 4, 2024

It is easier to import and export. That's because when you import you know the market as your goods will be sold in your local market

Shavkat · May 4, 2024

These two options are so important. There are some ups and downs when doing these things in their respective industries.

Ratine · Oct 27, 2024

Any business that is associated with the exportation or importation is really very profitable if we'll handled

IB D · Oct 27, 2024

If one can navigate the legalities of importation business, it tends to be more profitable as one can target and. serve a better market in a better economy.

Nite · Oct 27, 2024

Importing goods from other countries is usually riskier than exporting them. This is because businesses that import products are affected by things like changes in currency value, unstable politics, and shifts in trade rules that can affect how much products cost and how easy they are to get.

cherry123 · Oct 29, 2024

Both are risky but Importation is riskier than export as you can easily loss money if you transfer money to third party that promise to send you goods if they goods does not arrive then you lose money

Post automatically merged: Oct 29, 2024

Both are risky but Importation is riskier than export as you can easily loss money if you transfer money to third party that promise to send you goods if they goods does not arrive then you lose money

Passiveearner · Oct 29, 2024

It is possible to make money by being an importer. You must make sure that you sell a product people want to buy. Perhaps conducting a market research is the best approach when it comes to starting importation business.

IB D said:
If one can navigate the legalities of importation business, it tends to be more profitable as one can target and. serve a better market in a better economy.

Etini Willie · Oct 29, 2024

It is better to import from my country. It seems it is cheaper and less bureaucratic to import than export here. And there is a big market for imported products.

Exporting or importing?

kirubel

Somewhat Known

eldavis

Very Familiar

kirubel

Somewhat Known

Ofonime

Notable

timewo

Notable

kirubel

Somewhat Known

Stardom22

Very Familiar

bestwriter

Notable

nomad

Very Familiar

Shavkat

Very Familiar

Ratine

Notable

IB D

Well Known

Nite

Notable

cherry123

Popular

Passiveearner

Notable

Etini Willie

Notable

Connect With Us