There is no doubt about the fact that every business expects and strives to spread its wings and expand profit margins. Marketing and distributing your range of products in international markets is certainly a good idea. This will not only help you make your presence felt around the world, but also help you remain competitive in the global marketplace and tap into untapped market segments where you can scale your business and earn money.

Importing from India or any part of the world requires a company to have a very strong network of channel partners such as logistics companies, marketing companies, warehouses, suppliers, wholesalers, distributors, retailers, etc. However, not all companies can afford to run a proper channel without problems. In such a case, finding a great deal with a global or international trading company with previous experience, becomes a one hour necessity. Such a global trade program can not only help you meet your import and export needs, but also conduct global trade smoothly without doing much.

Certainly, you can get great import and export business opportunities, but before you form any import and export business plan, you should know the advantages and disadvantages of international trade:

#Merits –

1) Increases national competitiveness: importing or exporting your products improves your competitiveness in national markets. If you can get imported products at prices equal to or lower than what you get from domestic markets and vice versa, you are sure to make profits that will improve your level of competition.

2) Increased sales and profits: If you can export from India or import the same or high quality products at a better profit margin, then your sales levels are likely to increase and with it your profits.

#demerits-

1) Long-Term Process: India exports or other fruitful import-export business opportunities take a long time to develop, therefore a business must be patient to progressively achieve desired goals. Additionally, a large investment of time is needed for a company to develop strategic partnerships with the different parts of the channel.

2) Added licenses and other regulations, taxes, etc. – Import and export business plans should only be formed after understanding the licenses, taxes, and other related regulations of the country in which you plan to target your audience.

Starting a global trading business is not an easy task, it requires time and money. However, with Uniglobe, finding fruitful import and export business opportunities becomes much simpler and easier.