Practical export-import articles from the iiiEM expert team.
When your business is based on some sought of export- import, the most important strategy is to understand business commerce. If you are aiming to succeed in import- export business, you need to have a right plan. When it comes to exporting and/ or importing the goods, the best way to reach the desired… Read More »
Being a beginner into the Export and Import business and doing business without help can be confusing, but luckily, there is a system, which can help to simplify matters and that system is known as Incoterms. Incoterm (International Commercial Terms) is a trading agreement rule adopted by parties of different countries, for make agreements as… Read More »
One of the first decisions you will make is finding the right name for your import/export business. The first thing that a customer would re- brain is the name of the company in order to find out the service or product that they had used before. Even the best products and ideas would not sell… Read More »
International trade is an unavoidable part of each country’s economy. The development of Information and Communication Technologies (ICT) has resulted in converting the whole World into a Global Village, where the distance is not a barrier for trading. To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their… Read More »
Ex-works terms or ex-factory terms are commonly been used in the business of import and export. Understanding these terms is important to undertake any import/export business from any country successfully. Ex-factory price means, the selling cost of goods from Seller’s factory. If a buyer agrees to ex-works terms, he/she would be liable to undertake all… Read More »
Letter of credit is a safe mode of payment commonly for any business especially in international business also. Letter of credit is been known to be one of the safest payment options for importers in international trade transactions. The reasons why L/C is a very important tool for export-import transactions is primarily due to the… Read More »
In this competitive world, it is very important to build a diversified portfolio of online marketing and advertising. Advertising is a crucial part of running a successful import-export business. In order to grow the business, one needs to have a full-proof strategy for marketing and public relations. There are various ways to advertise the… Read More »
The sole purpose of being in business is to trade items for a profit and this may not be possible if the trading items are lost or stolen before getting to their destination. Import Export Insurance is a type of insurance cover that relates to goods that are been transported to and from countries. All… Read More »
Samples are generally specimens of goods that may be imported by that of the traders or representatives of product manufacturers Abroad in India in order to assess its marketability, know its characteristics and usage in India. Before booking a confirmed order, it is important for the importer to ask for original sample of the… Read More »
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