Making India Part of Your Import / Export Plans
Why start an Import/Export Company?
If you’re a young entrepreneur, it does make a lot of sense to start an import/export company, as it opens a whole lot of money making opportunities to you, without having to spend a fortune on setting up the business.
You get to escape, finally, from the 9 to 5 grind and will no longer be required to report to a boss. And if you hit the ground running and do all the right things, you will be making more money than you’ve ever made. It’s also much easier to start an export company than buying a franchise which requires capital to be paid up front.
You can start such a company from your home itself requiring nothing more than a phone and a computer. Because of the internet, you don’t have to spend too much on labor, travel, and ommunication either.
What are the things to keep in mind when starting an Import/Export firm?
If you’re looking to start an import/export company, there are a couple of questions you should ask yourself about a particular market. How strong is the competition in the market? Is there a strong demand from consumers for your products?
The other things to keep in mind are how unique your products are, how reliable is the shipping and are there any resellers who you can trust. Next, you will need to determine if the retail market suits your plans better or would you rather sell to the wholesale market.
Why make India a part of your Import/Export Plans?
There are several great reasons to make India a part of your import / export plans. For one, India is the tenth largest economy in the world in terms of nominal GDP, and third largest economy in terms of purchasing power parity. India is the 19th biggest exporter in the world and the 10th biggest importer.
You can set up a profitable export/import business with India as the center. Since India produces a large variety of products, you can enter virtually any market using goods imported from India. You can make a massive amount of money by exporting to India as well since India has a population of 1.3 billion who are just hungry for products in various categories such as healthcare, energy, technology, infrastructure and more.
What does India Export?
India exports a variety of goods and its export market is estimated to be worth $310 billion. Some of India’s prominent exports are:
- Organic Chemicals
- Textile goods
- Cotton and Cotton Textiles
- Gems and jewelry
- Leather products
- Transport equipment
- Linoleum products
- IT Services
Where can you find Indian Exporters?
The simplest way to find business partners or exporters in India is to do a simple Google search or look them up here on www.liverix.com. At Liverix.com, we have ads from several Indian exporters who are looking for business partners abroad.
Perhaps, you might want to take a look at them. You can narrow down your search by looking for specific products or items, so that you can find the company listings that you’re looking for.