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Tuesday, 11 March 2014

How To Start An Import Export Consulting Firm

By Jaclyn Hurley


Nowadays it is essential for companies to expand their operations to other territories that are far from home. This is because competition from small businesses has reduced margins considerably. Large firms are taking their business to other countries in order to survive. Most companies have many problems when they are expanding to another location. Most of the problems are related to culture, language and legal issues. When expanding, it is important to get in touch with an import export consulting firm.

Most businesses will experience problems that are related to regulations. This is because they lack the necessary knowledge. Consultants usually offer information that will allow you to make good decisions. They also give you insight. Most firms hire experts with a lot f experience. If you need to complement your services the consultant will help you to discover the perfect firms to invest in or acquire. Professionals also help you to penetrate a given market.

Consulting services start when the first meeting is set up. Clients can seek help during negotiations and when coming up with contracts. Other information regarding suppliers, equipment manufacturers as well as procurement procedures is also provided. This will help you to remain competitive in the market.

Some business consultants specialize with linguistics. They guide you when getting into a market where the language is different from that which you are used to. These agencies are very important in the import and export industry because different populations use different languages. You need translation when it comes to designing web pages, contacts, marketing brochures among others.

There are many challenges especially for people who are getting into the business for the first time. A decent consultant will guide you when it comes to matters of insurance, shipment, quotas, tariffs and tax. To become a consultant you need to follow several steps. The first one should be to get a bachelors degree. It is advisable to major in management, finance or business administration.

You should concentrate on areas such as customs, exports, business law as well as banking and money. You should then study a foreign language. You should bear in mind that a career in the export and import business will favor someone who can speak a foreign language. You need to gain experience. You can start as an intern with a firm that has global operations. Look for internships that take you overseas and use the chance to learn as such as you can about the industry.

Gain experience by working with other consulting firms. You also need to interact with customers and other organizations. When you do get started you will benefit by having an already established customer base. After you are comfortable with the knowledge you have you can establish your own company to offer consultancy services.

It is easy to market yourself by getting in touch with previous clients and professionals in the industry. Another option is to organize informational seminars. A customs broker license also makes you marketable.




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