1 / 10

5 Key Mistakes to Avoid in Import Export Business

Import Export Business is profitable business so it is important to keep aware of mistakes. It includes - not having sufficient finance, failing to pre-classify products, not figuring impot costs, hire wrong warehousing company, and not aware of latest news. You must seek professional to leave this complex process and successful business.

digitalexim
Download Presentation

5 Key Mistakes to Avoid in Import Export Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Top Mistakes to Avoid in Import Export Business www.digitalexim.com

  2. Import export business is a profitable business so long as you are following the right modus operandi and take assistance of professional import export consultancy services provider. It is extremely important to take professional help so that you don’t make mistakes that can sabotage your business. As a leading consultant for import export companies in Surat, we would like to keep you aware of the top mistakes made by import export businesses. www.digitalexim.com

  3. 1. Not having sufficient assets and cash flow As a new entrant in the domain of import and export business you may not necessarily get long term payments from suppliers. Hence you must have an existing business with sufficient capital so that can see through the initial phase of your business. If you are thinking of receiving monthly shipments and working on your inventory every 4 to 6 weeks then you must at least have sufficient finance for the first 6 months of your business. www.digitalexim.com

  4. 2. Failing to Pre-classify your goods This needs to be paid attention to as well. You should pre-classify your products so that you don’t end up making the mistake and end up losing money. It is therefore important to hire a professional import export consultancy services provider to help you with classification of products. www.digitalexim.com

  5. 3. Not figuring out importing costs One of the major areas where you can make a mistake with figuring import costs is ground transportation in the US. You should be wary of the costs before issuing a purchase order to the client. Failing to figure out all importing cost can cost you a fortune and hence you need to be careful with that. www.digitalexim.com

  6. 4. Choosing the wrong warehousing company As a new importer you may end up leaving the hiring bit for the last moment, which to say the least is a blunder. You must choose a warehousing and distribution company after a thorough consideration. Again, this is where hiring a consultant for import export business can come really handy. You can focus on your core areas of business and leave this complex and tiresome process to the consultancy you hire. www.digitalexim.com

  7. 5. Not being aware of the latest laws As a far-sighted import export business, you should be aware of the latest rules and regulations rolled out by the authorities. This can save you from unnecessary delays and hefty penalties. These are just 5 out of the many mistakes import export companies make. You must seek professional help for a profitable and successful business. For more information related to import export tips, feel free to touch base with us. www.digitalexim.com

  8. Contact Details https://www.digitalexim.com/ +91 9998168833 connect@digitalexim.com https://www.facebook.com/DigitalEximOfficial/ https://twitter.com/digital_exim https://www.instagram.com/digital_exim/ www.digitalexim.com

More Related