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Who can do Import and Export Business?
Any Business that is working in the domestic market can go for International Business or Import and Export Business.
Import and Export not only gives your business International Visibility but also gives your domestic business opportunity to stand & grow your business Internationally. Thus giving you higher profits.
What do I need to do for beginning Imports or Exports?
For Business to begin Import or Export, all it needs is the following document:
On the basis of Above Documents, any Business can apply for Import Export Code.
What is Import Export License or IEC?
An IEC or Import Export Code is a license issued by DGFT (Directorate General of Foreign Trade), which is a Government Department that overlooks all rules and regulations for Foreign Trade as per the Foreign Trade Policy formed by Government in Every 5 years, License Fees for IEC is Rs 500 one time fees and can be applied online at www.dgft.gov.in
How do I find Suppliers and Buyers for my Product?
The success of any Business in the International Market is dependent on the Buyers in the Foreign Market & Suppliers for Import. It is also important to do Business with Genuine and Verified Buyers & Genuine Suppliers, where Gloabalogists helps your Business to get Genuine and Verified Buyers and Suppliers for your Products in many countries of the world.
Is Import and Export Business safe?
It is a common misconception that Import and Export Business is risky and not safe to do. Actually, the amount of risk in the International Business is almost as equal to any Domestic Business. In fact, the amount of safety of Transactions in Import Export Business is higher, given that the Buyer or Supplier is well known of the Various Payment Terms.
Should I buy from Alibaba, Aliexpress or other Chinese websites?
Alibaba.com is one of the biggest e-commerce companies in the world and the biggest wholesale e-commerce platform in China, where any Business can look for Suppliers/ Manufacturers from China and Other Countries. Alibaba.com is mainly for wholesale purchases and connects you directly with manufacturers where you can contact them and place orders according to the MOQ (Minimum Order Quantity) offered by the Supplier.
Aliexpress.com is more like the retail version of Alibaba, and anyone can buy products in small quantity, as low as One Unit. There are other websites too, but one should do proper research and check the reliability of the Supplier before placing the order.
Globalogists can help you buy from verified suppliers from China from Alibaba.com or directly from Factories.
What Additional Benefits do I get by Imports or Exports?
Imports-Every Business needs an edge over his competitor in the market. Importing your Raw Material from Other countries can help you reduce your Capital Costs and thus give you a higher profit margin.
Exports- Exports have a direct impact on your sales & profits. You may have a limited number of customers in the domestic market while a high competition. Exports may give you much much more customers from all around the world. Also, Exports are effectively Tax-Free, and the Government also gives you Drawbacks (refunds) for exporting products from India, which is a certain % of the value of Exports.
I don't know much about Import Export Business, which Agent, Consultant should I choose to begin?
Globalogists are the Top Import Export Business Agents & Import Export Business Consultants in India. We can help you from End to End Servies for Import and Exports like:
And Much More.