Have You Considered Working as an Import/Export Broker?
To be an import/export broker is a rewarding profession. An import/export broker is also known as a customs broker or trade agent. He is an individual who sends and receives goods from various countries.
As an import/export broker, you will work with both importers and exporters and help them with their paperwork. You will help your clients establish connections with foreign businesses. You will work on both sides of the deal – import as well as export. Here, we discuss how to become an Import / Export Broker.
Get an Education
The first thing to do is to get a college education where you should understand the basics of import-export laws, trade policies, currency transactions and gain theoretical as well as practical knowledge of every aspect of an import/export deal. A degree in international economics is highly appreciated in this profession. You should specialize in international business, marketing, and import/export trading. There are several accredited institutions that offer these degrees.
After getting the right college degree, you should focus on a specific area of specialization. You may, for example, specialize in electronics, or food processing. You can specialize on a particular geographical area such as Southeast Asia. Specializing helps you get the necessary licenses and permits to be an import/export broker a lot faster.
Study Your Target Country
After deciding on your specialization, you should study your market thoroughly. For example, if your area of specialization is electronic goods from China, you will deal with a lot of Chinese suppliers and distributors who cannot speak any language other than Mandarin. So it would help a great deal to learn Mandarin. You should also study the rules and regulations pertaining to the import/export of Chinese electronic goods in your home country, and find out how the prices change over the year. You should also be cognizant of the latest trends in the industry.
Get the Required Licenses and Permits
You must be licensed to work as an import/export broker. If you are based in the United States, for example, you should apply for a license from the Department of Commerce. Getting a license is imperative. You may be asked to take tests and pass interviews in order to get a license or a permit, so you should prepare well for the questions that you may be asked and ensure that you fulfill all the requirements.
Study the Local Export Laws
As an import/export broker, you should be well aware of your country’s export/import laws. In
fact, knowing the import/export laws of your own country is just as critical to your prospects in this profession as learning the laws in the country you’re doing business with. If you are confused about something, don’t hesitate to seek help from an experienced professional.
That’s it – Get Started!
Once you’ve got the necessary licenses and permits, it’s time to find as job in an established firm as an import/export agent or to strike off on your own, as an independent professional. Next, you will have to keep abreast of the latest regulations and trends in the market. Remember, the import/export market is forever changing, that’s why you should keep educating yourself constantly.
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