Friday, August 28, 2009

International Business Information

Import Export Business Question:

I am interested in the import/export business. I only what to be an agent, at this time. I would like to know if I locate the buyer, where do I get help to close the deal and make a fee for my efforts.

I have been to export/import site's I have a lot of this information from and us

This information is helpful but you can have all the information in the world if you don't know the steps to process.. it's no good. I have plenty of contacts; I have done my home work. I was told that the freight and banking information is important and the freight companies part, helps with the paper work.. send me information. I have a lot of the information already, that's where I started!

I am looking for your help to refine the process. as I am more detailed oriented.

What is our first step? etc... I have a list of manufactures etc... I want to do a deal. as an agent 1st then move up the latter. So what ever product I can move as an agent, without the licensing part, (at this time) I'm in. I have a list of buyers also. but we need to know the preliminaries; evaluate opportunities, product , shipping, country, pricing, etc..

Import Export Business Answer:

I understand exactly where you are at - I was there 20 years ago - I
only wish the Import Export Toolkit self study course we offer had
been available then as we make it available now - see details here:
Starting An Import Export Business

The course provides you with the step by step you are seeking - yes,
some of it may be redundant to what you already know, but if you are
seeking step by step, then the toolkit is your best resource.

This person never followed our advice in getting a comprehensive self-study course and about two weeks later emailed us again with the following request:

Follow Up Question:

i have a diamond deal i would like so help on

Our Answer:

Sorry cannot help you on this one except to say, BE VERY CAREFUL.

Most diamond sales are locked up through the big diamond buying companies and
this is very much a closed market just as Oil, Urea, Sugar, Precious Metals, etc..

These type of deals are generally foisted on those who have little or no knowledge of
the import export business but who have a lot of interest in getting rich quickly and easily - sorry, there just is no such thing in this industry or any for that fact.


The above exchanges illustrate what I call "Blinded By The Hype". This person does not view the import export business as a business, but views it as his lottery ticket where he can make a quick score and sit back drinking margaritas on a beach somewhere for the rest of his life.

Literally, he would be better off buying lottery tickets because he is not serious about going into business and at least when he buys a lottery ticket, he really does have a chance of winning something as opposed to losing everything he owns and maybe more if he follows the yellow brick hype path that he apparently is doing.

Comments, criticisms, suggestions are always welcomed!

Ron Coble
Coble International Marketing Services

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