Advantages Of Export & Import Business

Advantages Of Export & Import Business

Every business has Advantages and Disadvantages. If you want to start a new business, first you have to know the Advantages and disadvantages of that business. Many people will consider only about advantages. Here I am going to tell you Advantages and  of Export and Import Business

Advantages (Benefits) of Export

1. Through export, you can establish your business worldwide.
2. It increases sales, income, market share, and profit.
3. No GST (Goods and Service Tax) on exported goods in India.
4. Export business generates employment opportunities.
5. Enrich domestic competitiveness.
6. It develops communication between two countries.
7. Regulation of income is possible through importing qualified goods.
8. Enhancing economic status of the country.
9. If the importer is satisfied with our products, then you can get more orders from them.
10. Don’t need to sell the products to many people.
11. No need to market your products.
12. You may get the opportunities to visit many countries.
13. People who are doing business in small level can expand their business through exporting.

Advantages (Benefits) of Import

1. You can import the goods at very low cost from other countries and sell them with more profit.
2. We can get some materials (which can’t be produced by us) only in some parts of the world. Through import, you can get those materials very easily.
3. You can get the best quality products.
4. Tax concession is also available for some specified goods.
5. Best way to adopt the culture of other countries.
6. We can bring best technologies to our country through Import.
7. You may get the opportunities to go to other countries.
8. When you import high-quality products with low price, you can sell them with the high price for more profit. It increases your profit margin.
9. Imports make Employment opportunities.
10. Government supports the import to develop the Trade Relation.

Many people start Import and export business without knowing the advantages. I hope by reading this post you have got the knowledge of advantages and of Import & Export.

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