What is import export

Good morning guys welcome to a new episode What is import export welcome to new videos so this is Rajesh someone son of great parents husband of a superwoman

Starting my career from network marketing then turns into tires business then turns into real estate business now we are real estate businessman e-commerce businessman a export importer and a trainer I trained 10 000 Plus student 5000 plus Professionals in my entire uh Journey

so welcome to all of you so in this video I will teach you uh what is import export so burning problem of all of the listeners is that key what is actually import export so what are the benefit of exports how to start exports so export uh involves thus selling of goods to foreign countries while import includes buying products from a foreign country the top five exporting industries of India’s are agriculture spice pharmaceutical leather goods and carpet right sorry

the top 10 products exported from India including Pharma pharmaceutical products Iron and Steel coat and Machinery products Etc right so the benefit of an export business includes earning more money with low investment starting from home or a small office you can start your import export business from a small office render from your home also right you can start your export business by analyzing your potential conducting research exploring the market entry routes choosing the right distribution shipping delivery methods Etc right

so in this video you will understand what is the import export right export so what is export when you sell products or service to foreign country it is called export and the process is called exporting a company that exports product is called exporter so what is import when you buy products or service from a foreign country it is called import and the process is called reporting and a company that Imports products is called an importer right

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top five industries of India first is agriculture industry the export of Agriculture Industries has increased by 23.23 in 2020 and rupees purchase twenty five thousand five hundred fifty two point seven crore rupees from rupees 20 thousand crore rupees in 2019 right next we are talking about spice Industries India is very famous for famous Force foreign

India is very famous in foreign countries for its spices right that their pregnancies and tests make everyone crazy in the financial year 2019 India exports 1 million tons of spies to uh foreign countries with the value of 2.8 U.S billion dollars in the financial year 2020 even more spices were exported with the value of

3.6.3 billion US Dollars now let’s talking about the pharmaceutical industry the exports from the pharmaceutical industry are expected to increase by 30 percent from 19th billion US dollars to 20 million U.S dollars in 2020. this will make India the biggest player of generic medicine globally leather goods now talking about the ladder goods for products India has exported leather goods worth of 2 billion US dollars from April to August 2019 this good includes rather leather garments finished leather exporters leather

Footwear and leather coats right now talking about the carpet industry India is the largest exporter of handmade carpet as it exports 40 percent of global handmade carpets in the year of 2018-19 India export carpet uh 1.47 billion US dollars so top 10 products exported from India which are the top 10 products which are exporting from India now we are talking about that first is petroleum products they are mostly exported to Singapore and Netherlands right now talking about the second product pulse precious and semi-precious stones the demand of these stones are very high in UAE and USA

and Russia and Hong Kong right so third product is Pharma fourth product is gold and other precious metal jewelry they are high demand in USA Japan and China now talking about the fifth product iron in it still there are high demand of raw iron Steel in China South Korea Japan Russia and Indonesia so sixth product is organic chemicals seventh is cotton and accessories it’s this motor vehicle and cars ninth is electronic Machinery tenth is iron steel products so why is export business beneficial so first of all earn a lot of money if you earn in dollars and you earn a lot of money every businessman wants to earn a lot of money and Export business will speak their motives second is low initial investment

it will assume that lot of money is required to start export business but you can start your export business as low investment for example name twig has been used in India for Aces at toothbrush and now it has become a trend in phone countries as well as so many people are selling the neempix with the name of name choose fix and organic datun in foreign countries that rate of 15 Dollar just think of product that is easily available his quantity in your country and has a high demand in foreign countries such a product will be with great business opportunity for you right third we’re talking about start from home a huge office is not necessary to start your export business you can start it from your home or small office

handicraft products like handbags Bangles showpiece and paintings food product like pickles organic products and many other products have a huge demand and can be exported from home for example in the India is the land of ayurvedic products these products have a huge demand in India as well as in foreign countries

many small and medium level entrepreneurs are doing export business from their home their small office and earning well right so 10-step guide to start export business first is analyze your export potential check is your business ready for export are you entering into the export business without any knowledge but only to learn earn profit so you have to ask this question to yourself are you entering in this business only for earning profit without learning

it so this is very bad to be sure about the uh to be sure about the exporting business you must understand the whole process and ask some questions who is ready in the export business now second step developing an action plan exporting is a process for which you need to plan properly you must clear

your focus and motive and decide what you want to achieve and in how much time uh so third is conduct market research if you are stepping into the market then you must research about the countries that would be suitable for your product fourth explore the market entry routes you must know how you can enter the market and

what is what your sales will be before starting your business you can consult an isn’t distributor right you can also consult with me also right we can make a call we can meet together and we will talking about that right this will also help you now talking about the sixth cultural and linguistic challenge you must know the language and culture of the country where you want to export your products to know the kind of challenge you might face so you must be aware of that now seventh point be prepared to manage finances payment and risk you must be aware of risk involved in the export import businesses

so there are lots of risks some importers from other country they buy products from you and they don’t pay you this is also a big risk in this business right so you must aware of that also there are also uh uh the many things that you can protect your money like letter of credit we will talk about this in further uh further videos for the podcast right so now talking about the next step be prepared to protect intellectual property you must make sure that nobody misuse your business it’s special patent and copyright as you can be exposed to fraud when you export your product to phone country so you have to register your trademark

you have to register your intellectual property first of all that is you should go in the international market right documentation you must prepare your document that will need it for your business like pan card GST IEC code import export code that you will get easily at a Indian government website right choose the right distribution shipping and delivery methods you must determine which distribution channel will you select direct selling intermediate or throw a retailer right how do you want to ship your product via air

or ysc right how do you want to deliver deliver your products so identify a potential market and your product demand important criteria participate in Trade Fair attend overseas events if your pocket allow right so outcome of this podcast is this video is analyze your potential before stepping into the export business conduct through market research for the product

you want to export invest in the right industry to export for better growth choose the right distribution shipping and delivery methods for your export business right so this is all our second podcast second video you are watching if you are watching on YouTube then please subscribe my channel and if you are watching on Spotify so then you can follow and you can follow me for the further episodes

right so this is all of that this is Rajesh someone son of great parents her husband okay uh Superwoman starting my career from network marketing then turns into tiles business then turns into real estate business now I’m real estate businessman importer exporter e-commerce businessman Enterprises signed off thank you so much for listening thank you so much.