How to select products for export business

Good morning all of you the Rajesh sang on this side welcome to my new episode and new videos this is Rajesh someone a son of great parents and the husband of a superwoman right starting my career in network marketing then turns into tiles business then turns into real estate business now doing real estate business e-commerce export import Trend 10 000 plus students five thousand plus uh working professionals founder of Rajesh Enterprise welcome all of you so in this video you will learn How to select products for export business

right or import business right foreign so that is the most important step to select your product okay every exporter has to choose the right product to export flowres’ business the step to decide a product for exporting are finding unique products checking the demand and supply of the product in the global market selecting a country with the study product right demand and growth Prospect ATC foreign identify the popular products of India the state and the

countries that Imports these products that data can be sourced from the various government platform and the website you should check the rate regulation of the country you selected for whole export to know whether the country is suitable for your product or not right you have to verify it cross verify it that your the country in which you are want to you want to supply your product is correct right so the product is the backbone of your export business if you choose the right product to export then your business will flourish otherwise your business will in trouble okay so it is necessary to decide the right product for your business

steps to decide the product find the unique product you should find a unique product that has on USB that is made in India and make a list of the following popular products in India popular products in your state top importers so popular products like which countries Import the popular products of India USA UK Canada Australia Dubai Singapore right you should collect the information about these popular products from the public database hosted by the daisy at the Ministry of Commerce and the trade Statics of India as well as your state okay so Second Step come out to check the demand and the supply of the product in the global market right it is essential to know the demand foreign

the supply of the product also checks the nature of demand whether the demand is seasonal like the product has demand in Winter but not in summer so don’t choose that product okay if you choose that product then also add on the product which you can sell in summer also right similarly you also need to check the supply of this product in the domestic countries because if you don’t have enough Supply then how you will export it okay to ensure that you can fulfill the demand for the product it is also important for you to check the supply and the availability of raw material required for the production of the product right so you have studied all the things properly to check the export(How to select products for export business)

Trend and the product that is exported from India right so next moving come to three third steps select a country with steady product demand you should select a country which has a huge demand for your product for example if you want to export T from India to European countries where the demand for coffee is more then your product will not be much successful right so uh coming out to Fourth Pro fourth point that is growth Prospect you should determine the possibility of the growth of your business in the country where you are exporting products

you should check the demand for your products in the countries where which are neighbors to your target country for example if you are exporting products to a country in Africa and want to expand your business then you should check whether the demand for your product can be created in the neighboring countries apart from this you should also check about the possibility of sorry local Manufacturing of your product in that country this is crucial as local Manufacturing in the future can be lead to decline your business you should also check whether your customer base

will expand in the future right this will increase your chance to grow in the future so next coming out to the sixth step

moving uh moving out to the Next Step you should also check that red regulations being an exporter you should check the suitability of the trade rules and regulations of the country in which you are exporting your product you should also check if is there possibility that your product will be restricted in the future in the country are there heavy taxes and duties on the import of the product in the targeted country right so how are the trade relations of the destination country from India so you you should also check this for example during covid-19 after March 2020 the government of India imposed some restriction on the export of the following products like ventilator surgical mass that raw material used for making a surgical mask you should keep in mind such possibilities right now coming out to sixth Point know your competition you need to know about your competition

for example if you are an exporter of shoes clothes jewelry and similar products then you may have to face some competition uh saying that some competition is not good but you will haste of competition right with a country in which you are exporting Hughes uh has huge competition then it will either take you a lot of time to establish your product in the destination country or you will not able to establish it properly thus you should compare your product with the local market product of the destination country based on the following qualities price structure customer service the demand for which type of product you should select the product while considering all of the above things right so moving out next which are the 10 profitable products then you can export sir right we are talking about that following are the products that will benefit you if you export them in India to other country right first is clothing there are several unique clothes in India that have a high demand in phone countries India is placed num at number eight in the list of the countries exporting clothes the following clothes are exported from India South Sardis kurtas these clothes are mostly liked in the Middle East and Africa right you can start the export business of clothing at the low cost and shipped shipping cost is very less right second is cotton India is the second largest country in the world for production cotton you know that it is very exported in the countries like Bangladesh China Pakistan Vietnam Sri Lanka Korea Egypt Portugal Indonesia and turkey following are the exports items related to Kota and cotton yarn cotton waste cotton saving thread cotton can be used for manufacturing the following towels shocks t-shirt cloths the shipping cost of cotton is low as it is very light product right now third is homeopathic medicine you can export homeopathic medicine has high demand in worldwide nowadays people want to cure their illness and health issues with the help of natural herbs and medicine right people started using homeopathic medicine to cure their illness with mineral and side effects so the demand of the homeopathic medicine is increasing day by day you can get this medicine at a low cost as compared to allopathic medicine this medicine have a high demand in the following countries Europe United Kingdom Mexico homeopathic medicine for of India are being exported to more than 52 countries and give giving good returns right so coming out for the fourth product jumps pulse stones and jewelry India has India always has been famous for its traditional jewelry these also follow in category of the most popular production of India there are also exported widely although there is a tough competition in the sector if you come up and some creative designs and trends that are different from your competitors then you can have a successful business items like pulse and light are lightweight and have a low shipping cost around 30 percent of jewelry is expected exported to the United States do you know that two pieces of Jewelery are also exported in Hong Kong UA Singapore and Belgium so you can expand your business in these countries also local handmade devil is high in demand these are not so much costly but very attractive right so coming out to the fifth uh product Regional handicraft these are the handmade products that give a good profit margin and have a high demand in foreign countries the product whose demand is increasing day by day jute bags brass handicraft bamboo handicrafts carpet low investment is required for the manufacturing handicraft handicraft sells at good rates in countries like Europe USA UK Germany France and this may be a good profit Venture for you foreign

agriculture products like grains rice wheat are exported from India to found countries like Iran Saudi Arabia Indonesia UAE as they have a high demand for these products you should also

deal with a farmer for exporting carriers right you can also start the farming of carriers and Export them now coming out to the set 7th product leather and leather related products like countries like USA UK Germany have a high demand for leather right

sorry I got some cough today right so leather products countries like USA UK Germany have a high demand for leather the leather products which are exported as follows leather bags leather Footwear leather garments coats you may also earn a good profit margin by exporting these products next coming out to dairy products dairy products are give High returns and they are highly produced in India you can export milk and its products like cheese curd ghee to the countries like Bangladesh Nepal and UAE you can try to lock the dairy sector by exporting packs package packaged milk right now coming out to the ninth product is plastic plastic is used in Dairy life daily life in almost everything like com to dhurus and bucket right in the financial year 2019 India exported plastic worth of 80 billion US dollar and become the world 7th 17th largest exporter of plastic so you can earn a high profit if you export plastic some more plastic range of materials in plastic that can be exported are as follows raw material polyester films of soft luggage writing instrument plastic woven sacks and bags PVC packaging sanitary lift fitting laboratory medical surgery wears lemonade laminates fishnets travel wear so you can pick any item export it now coming out to the 10th product that is organic product there are a wide range of organic products like organic honey fruit juice vegetables herbs ayurvedic products it is and they have a high demand especially in Western countries the country like Germany USA Switzerland Canada the European Union Australia and the Israel have a high demand for organic products as they are uh embracing yoga and ayurvedya to live a healthy lifestyle Massive Action Plan of this all the podcast and this whole the video is find the right product that you want to export check the demand of your product in the country you are exporting it determine the growth Prospect of your product study about your competition focus on the trade relation between countries never mix hardened mind in the business else there may be a loss you have uh remember the following statement golden statement the right decision at the right time can make you like flowers otherwise it will be Thrones right so if you are taken the right decision about the product and Export it to the right market then only you can successful in your business so find a unique product that is made in India and popular in your state and start exporting this business so this is a video podcast owner how to choose your product right so thank you so much for watching this is uh Rajesh sanghan

uh son of great parents husband of a superwoman starting my journey career Journey from network marketing then turns into tiles business then turns into real estate business now doing real estate business e-commerce business export import and training and uh training uh 10 000 Plus student 5000 plus professionals Enterprises signing off thank you so much for listening thank you