In recent times, we have seen a major growth in the export and import business of goods and services in India. Seeing this change, more and more entrepreneurs or startups are venturing into this area. But many jump in without weighing the pros and cons and rather than laughing their way to the bank, it turns into a nightmare experience.

import-export businesses in India can be very profitable in the long run. And the good news is that it doesn’t take much to get started in this direction. If you know the basics of how to start an import-export business in india, you should endeavor engage in such trade because it is highly lucrative and profitable. Though it is very competitive business, it is not complicated. Even if the process itself is not a complicated one, it can be a challenging one if you don’t know how to create it most beneficially.

In the import/export industry, you can use your individual competitive advantages to serve as a matchmaker for companies in India — matching product manufacturers with markets that want and need to purchase the goods they produce.

Types of import/export businesses in india

There are three basic types of import/export businesses. Starting out, it’s a good idea to pursue the one that interests you most.

Export management company

Let’s say a company in India wants to export clothing. That’s where an export management company can help.

A handles all of the details for the company to ship goods overseas. This could include hiring distributors, creating marketing materials and preparing shipping logistics.

Export trading company

An export trading company  finds out what foreign buyers want and then locates domestic companies that can export the goods.

Import/export merchant

Import/export merchants buy merchandise from a manufacturer — foreign or domestic — then resell that merchandise around the world. There’s heavier risk involved in being a free agent — but with fewer middlemen, the potential for higher profits as well.