Starting a Business From Home?
So you’ve been working for someone else for a while, or maybe you’ve been studying for years and know you don’t want to work for anyone else, the most commonly asked question at this point is “Should I be Starting a business“? There are so many businesses you can look at but my personal favorite for starting a business is the import export business, why? you ask. Think about it, trade makes the world go round. The term ‘the global village’ is bandied around nowadays because of how interconnected and small the world seems. These days, almost everything is available either in shops or by ordering over the internet. And every single item is either imported or exported, so if you are looking at starting a business, why not look at a business that is vast, lucrative and constantly evolving?
Let’s look at international trade, It is, of course, possible to get great bargains if you travel but this can be seriously time consuming and can also be hampered by language barriers. People like their shopping to be as easy as possible, which is why they don’t mind paying extra for purchasers. This is why importing and exporting are so vital to a local economy.
Importing exporting is a business that can be easily run from home if you are looking at starting a business. And it is a great way for you starting a business with very little or no money. You need very little initial capital to start up, just a computer, access to the internet, some training and some common sense. There are some great benefits to working for yourself and even possibly working from home, though we don’t need to expound those here.
The Role of the Internet in Starting a Business
Networking is key to succeeding when you are learning how to star t a business. You need to have a good base of contacts built up in order to effectively move product. This is even easier online than offline because you can talk to anyone in the world from the comfort of your home via email or Voice over IP.
You can browse online stores and advertisements and even make orders on your credit card from the comfort of your own home. You can advertise and sell your products online with ease. In fact, in some trading methods, you can buy and sell without even having to receive or ship the products yourself!
As with any business it’s of paramount importance in importing and exporting, to manage your cash flows, keep detailed impeccable records and really provide excellent customer service. An unsatisfied customer will not return and might criticize your service to their friends or even the internet. Something that can be devastating for businesses
Things you Need for Starting a business
You need a business plan before starting a business. You need to work out what you want to trade, how much you want to sell it for, in what quantities and what manner of money you’re looking to make. As well as which countries you want to trade with (if you speak another language, this might help, although English tends to be widely spoken), what method of payments will you use and what about foreign regulations?
Research is key to this process. Don’t let the preparation put you off! Because every importing exporting business venture needs preparation and you’ll be thanking yourself when your business takes off.
You need to decide what scale your business is going to run on – are you going to work alone, as a partnership or a limited company or something bigger? Are you thinking of starting a business on a small scale and then expanding as time passes?
You need to look into the market and then decide which products you are going to sell. This depends on what your level of interest is in starting a business and what you are knowledgeable about (it is easier to sell something you can rave about!) and of-course, what is available.
If you enjoyed reading about Starting a Business then see our next article about China Trading