Tips to start up an export company

An export is any good or commodity for use in trade transported from one country to another country in a legitimate way, for sale or exchange is called export.

Basic steps in becoming an export business success:

• Research your market.
  Learn about your competitors, their products and prices.
  
  
• Know the customers.
  How can you customize your products to meet foreign customers' needs?
  
  
• Understand the concept of "many markets."
  Every market has different demands.
  
  
• Know the market's style requirements. 
  Some customers don't mind premium prices, as long as quality is also superior.
  
  
• Learn the sales system and master the distribution network.
  Find the right sales and distribution channels. Be careful about requests for "exclusive rights."
  
  
• Don't expect your foreign customers to understand English.
  Be ready to translate your packages, instructions, and manuals.
  
  
• Learn to write clear communications.
  Make messages, letters, faxes and emails clear, concise and accurate.
  
  
• Visit the market.
  Learn first hand! See your products in use. Collect competitors' samples.
  
  
• Visit prospects.
  Urge your distributor or representative to set up three or four appointments each day for you with prospective customers.
  
  
• Be responsive and responsible.
  Answer questions promptly.
  Offer prices and delivery terms you can meet.
  
  
• Provide for local service.
  Fix or replace products. Foreign customers don't want a cash credit.
  
  
• Arrange for export financing.
  You'll have new needs for working capital, letters of credit, wire transfers and currency exchange.
  
  
• Discuss the business with a reputable freight forwarder.
  You'll need assistance with shipping.
  
  

For details: www.eximguide.com

List of Export Websites

List of Export Websites:


http://commerce.nic.in/epc.htm 
http://www.indiamart.com/ 
http://www.eximguide.com/ 
http://www.foreign-trade.com/ 
http://www.go4worldbusiness.com/ 
http://www.alibaba.com/ 
http://www.trademart.in/ 
http://www.tradeindia.com/ 
http://www.allindiamarkets.com/ 
http://www.eximkey.com/ 
http://www.commodityindia.com/ 
http://www.indiamarket.com/ 
http://www.fieo.org/
http://www.infobanc.com/ 
http://www.exportersindia.com/


For more details : http://www.eximguide.com/node/27

How to Export

Initially to select a name for the Company and it is to be decided whether it is a


Proprietor concern -- Single owner/Proprietor.
Partnership concern - Two or more partners in a firm.
Limited Company - Two categories viz., private Limited company or Public Limited company.


Private limited company is owned privately by a small group of people such as a family. They are not allowed to offer shares (in the company) to the general public and can function just as director.


Public limited company is owned by public share holders and they are allowed to offer shares of the Company in the market.


Next Step In Export Is To Open A Bank Account:


Open a Current account in the name of the Company from a reputed Bank .Current a/c is opened by people who are engaged in trades, businesses. Current account is a bank deposit that can be withdrawn by the depositor at any time,and he is at liberty to operate this account any number of times in a day unlike savings accounts, where only limited transactions are allowed. Current account bears no interest.


source: http://www.eximguide.com/