How to start an importation business?

[uptrendfinancialsignal]

Starting an importation business is lucrative venture provided it is approached strategically and you should also put into consideration various factors that may affect it. One major disadvantage in starting in an importation business is the potential for assessing different kinds of product and goods that are not readily available domestically because that is how you can quickly make money from the business.

 

[nomad]

You need a lot of money to import products, you also need a marketing skills to sell your imported products. ON the top of that you need to fulfil a lot of legal formalities.

 

[Starmix]

You need to investigate first the requirements needed to have an importation business, the personnel in another country who handles the export-import. It is risky and needs huge capital. You also don't know their culture.

 

[eldavis]

When it comes to starting a business in general, cause I believe all business are important. The things you need are your business plan and the capital needed to push the business.

 

[fcbetting]

First is to get approval and license from official provider in home country of product. Second is get licenses from country where you will import it. Some can block you if there is already official provider or they think market will become saturated.

 

[Springtime]

While an import business can be profitable, it requires considerable amount of investment, and have the good connections with the suppliers of your products. You also have to observe different regulations regarding importation of your products.

 

[Clandestine]

An importation business is a very sensitive kind of business that requires so much documentation for it to work.