One of my colleagues resigned his job two years back. He was working in our company as Business Correspondent Officer. His main duties were to contact the suppliers by phone, fax, e-mail & import different items like stationery, machine, bicycle parts vehicles etc in favour of our company. He was very needy and draw salary same as me US$1500 per month.Some days ago we saw him in an International fair & he informed me that he has been doing business that is he has his own INDENTING FIRM & earning a lot of money. Actually I want to know the type of this Indenting business. Can you please update?
Basically it means that you import on a per order basis. No stocking or warehousing.
So when your client requires something from you that's the only time you order it from your international suppliers.
What is the best way to start an import export business?
I have limited resources and I have full time accounting job, but I believe I can create an import and export business successfully while working my full time job. Ideally, I would like to find a product or service that provides flexibility with purchasing the products and or service (secure the payment from my customer, then pay off my cost).
check out the books and sources you need to get a letter head and copies so you can write and ask companies on the products and what they cost.
I don't know if this site is any good, but it seems to be marketing to you....
http://www.importexporthelp.com/trdspx1....
Be aware that there are very complicated export licensing laws and there is a lot of liability for criminal violations if you mess up. But, since you are an accountant, you are probably very detail-oriented.
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