Exporting to the United States: Can You Make Money?
Yes, you certainly can make a lot of money exporting to the United States, provided you do certain things right, such as to find the right business partners in the United States, identify the right products to be exported and finding the right business partnership opportunities in your own country. Let’s discuss how to make money as an exported to the United States.
Identify the Right Product to Export to the United States
The most important thing to do when exporting to the United States is to identify the right product, one that will make you money. This decision should not be based on the price of the product only. You should consider the features of the products, whether it is unique or is just another commodity.
There should be something to mark your products as unique and different from what else is available in the market. Essentially, you should keep the end buyer in mind while deciding on a product to export to the US and find out what he or she would want the most.
There should be other things to be taken into consideration such as the cost of shipping the product. You should investigate the shipping costs in detail. If the product being shipped is too heavy or oddly shaped, it might mean higher shipping costs.
Next, is the product really in demand? You don’t want to sell something that nobody wants. Basically, you should export products that are not readily available in the United States.
Exporting to the United States: Find the Right Supplier
Once you’ve decided on what to export to the United States, it is time to find the right supplier, someone you can trust completely and depend upon. You can look for the best business partnership opportunities on Liverix.com, where you can find the best suppliers in your country or outside. You can find business partners quite easily here by simply going through the various ads and profiles posted by various firms across the world.
What should you look for in a supplier? There are a few things to keep in mind, such as their experience. How experienced is the suppliers at producing the items that you are interested in. How long has he been supplying the product? What about the product quality?
Next, you will want to know the physical address of the local supplier. If the supplier does not provide you that, then you should be very wary as it is a potential red flag. You should take a close look at the products being supplied, as importing products of a shoddy quality would damage your reputation and destroy your business.
What is the reputation of the supplier? Hire only suppliers who have a decent reputation in the industry. Ask for client references and testimonials if you’re not sure. Lastly, you will want to make sure that the supplier has all the necessary licenses and permit. There are some who don’t, that’s why you should be doubly sure about this.
Find Resellers in the United States
Once you have decided on your supplier, it is time to look for resellers in the United States. Locating resellers in the United States can be time consuming. One way you can do that is to look through the ads posted by U.S. based resellers on Liverix.com for business partnership opportunities.
Be sure to get a proper agreement signed up with a reseller, before supplying them with the products. Find out if there is a limit on the number of items they are willing to take and if the reseller has a solid reputation in the industry. If you’re not sure about a reseller’s reputation request information from the U.S. Customer and Border Protection – this is the best way to get a U.S. based reseller verified and to start with exporting to the United States.