25 Most Profitable Business Ideas for Import and Export.

25 Most Profitable Business Ideas for Import and Export.


Most Profitable Business Ideas for Import and Export.

 Introduction.

Thinking of establishing a foreign trade company of your own? This is a very good idea because now the world is kind of in the palm of our hands, we can easily reach everywhere; moreover, the volume of imports and exports is increasing day by day. If you have a bright business idea for foreign trade, namely import-export, you should start this process by establishing a small business.

Well, do you have any idea what kind of business idea regarding foreign trade would be really good? If your answer is no, you are in the right place. In our article, we have included 25 business ideas with the highest profit rate. Any of these business ideas could be a good starter to bring your startup to life.

All of the import-export business ideas listed in our article have proven to be quite profitable.

Read Article: How to Start Export Business in India.

Read Article:  5 Steps to Make Your Export Business Successful.

Before examining these ideas in detail, how about an overview of foreign trade? Because when it comes to the success of your venture, it is also important to have information about what kind of problems you will deal with in the sector in question or what scale of business volume-potential- the sector will have.

20+ Profitable Business Ideas for Foreign Trade (Import-Export)

1. Establishing a Supply Company.

 2.Foreign Trade Representative.

3.Direct Export.

4.Direct Import.

5. Online Export.

 6. Handmade Item Sales.

 7. Stockless ECommerce ( Dropshipping).

 8. Warehouse Rental.

9. Providing Freight (Freight)  Shipment Service.

10.Customs Consultancy Services.

11. Customs Warehouse (Warehouse) Usage.

12. Foreign Trade Consultancy.

13. Investing in Foreign Trade Enterprises.

14. Insurance Consultancy Services.

15. Foreign Trade Inspection Services.

16. Creating a Database.

17. Marketing Services.

18. Logistics Expertise.

19.Market Research Services.

20. Road Freight Services.

21. Exporting Software Products.

22. Selling crafts.

23. Vehicle export.

24. Clothing and beauty.

25. Cotton Export Business.

Historical Development of Foreign Trade.

25 Most Profitable Business Ideas for Import and Export.



Import-export, which is the basis of foreign trade, is one of the oldest types of trade in the world. Every country has always needed different items from each other, and this is exactly how the thing called trade was born. Because many different nations or tribes have specialized in very different goods and products since ancient times, and they have used various methods to deliver these products to each other. Today, import and export are seen as one of the sectors with the highest business volume in the world.

The volume of goods traded between the European Union and the rest of the world is growing steadily. This growth is beneficial for all players in the sector.

By the way, let's talk about the 4 leading regions/countries in foreign trade:


  • European Union.
  • The United States of America.
  • Chinese.
  • Japan.

It is the most suitable market for entrepreneurs from the European Union, South East Asia, India, and Africa. The European Union has the lowest import duties in the world, and it is also the most open to exporters from developing countries.

Another interesting fact is that imports and exports are usually done by small and medium-sized companies, not by large companies. So you don't need to be a very large or multinational company to bring your startup to life. You can even run your business from your home.

The Most Profitable Business Ideas for Foreign Trade (Import-Export)


1. Establishing a Supply Company.
25 Most Profitable Business Ideas for Import and Export.



Perhaps the easiest and most economical business idea in the import or export industry is to establish a supply company. This business was born from the concept of export-import representation in a simpler form and has become this way by developing day by day.

The goal is to provide a product, supplier, or buyer for your client as a company, and you usually charge a one-time fee for this.

This is an excellent way to get into the industry. In this way, you get valuable information, experiences, and connections that you can use in the next stages. Moreover, you do not need the experience to start a business as a supply company/agent.

Your job is to find an overseas company that requests supply services. You should be sure of exactly what the requirements and demands of the company in question are. Once you've cleared everything up, you should sign a supply agreement with your client that will also state your fee.

After the deal, you should begin the search for resources that match the requirements. You should contact the suppliers and manufacturers in your country and visit them frequently to ensure that your suppliers meet the customer's demand. In this way, you will have the opportunity to check the products.

After finding the supplier, buyer, or product your customer is looking for and making the necessary checks, it is time to present the details to your customer and receive your payment.

There are many different online sites where those who want to get into the supply business can register their companies to acquire regular customers. With this method, you can carry out commercial transactions even from your home, and you can easily start your venture with small costs.

 2.Foreign Trade Representative.
25 Most Profitable Business Ideas for Import and Export.



One of the easiest import-export ideas to implement is representation. This business idea is also called “foreign trade brokerage”. It's the least expensive way to start an import or export business and maintain a steady stream of commission fees.

The person who undertakes the duty of representation receives a commission from both the import and export company. The commission fee is a percentage of the total value of the transaction.

The foreign trade representative is a “mediator”. Let's say your client is a local exporter looking to find buyers overseas. The duty of the representative is to sign a commission agreement with this company and search for suitable buyers.

If you have a buyer ready to buy a product/service at a certain price, you bring the parties together. Payment is made directly to the supplier in your country. However, the supplier is obliged to pay the agreed commission fee to the representative.

Similarly, it is possible to earn commission fees from import transactions. At this point, your duty as a foreign trade representative is to find a low-cost supplier from another country. If your customer (buyer) is ready to purchase services from the supplier you found, he must also pay you a certain commission fee.

Two things are extremely important for an agent who wants to keep her commission fee.

  • The commission agreement must be sound and legal.
  • You need to build good relationships with your customers and always offer them a valuable service offer.
Like supply companies, representations are one of the most applicable business ideas related to foreign trade. But the next business ideas will be much more complex.

 

3.Direct Export.
25 Most Profitable Business Ideas for Import and Export.



Another business idea is direct export, which is a traditional way of entering foreign trade. You need to buy, produce, and ship products directly.

This is the riskiest method, but it is possible to get the biggest profit with this method. It is quite common for people from developing countries such as India or China to gain wealth through direct exports. Exports are profitable because sometimes local prices are much lower than export costs. For example, if you want to start a direct export business in India, you need to know very well what kind of goods are exported in that country. Product selection is very important in the direct export business.

To summarize the important points for direct export;

  • The most important thing is to choose the right products for export. You should do a proper market analysis. You need to choose the most suitable product for you and a second product with sufficient profit potential. If you choose the wrong product, you will not be able to make a profit or even find a buyer.

  • Secondly, by analyzing the data on import or export well, you should make sure which countries are leading in the import of the product you want to export. You need to find the right target countries for your products.
If you live in developing countries such as India, South Africa, or other Asian countries, your target market should definitely be the European Union. For this reason, you should deepen your research and try to select countries that are compatible with your target from this region. So you have to pinpoint.

  • You should also know how to reach genuine international buyers. This is the hardest part because you can't buy a list of real buyers online. You need to know how to reach the RIGHT buyers and how to build trust and solid relationships so that you can finally reach an agreement.

If you really want to be successful in direct export, you should never ignore marketing activities. Knowing exactly who your customers are and what they want from you will enable you to take firm steps forward in this new industry.
 

4.Direct Import.
25 Most Profitable Business Ideas for Import and Export.



It is much easier to import a product and sell it in your home country than to export the same product - because you know your home market much better than the markets of the exporting countries. You can do deep market research or choose the right product to import and resell.

If you live in a developing country, then you may definitely want to import western brands of food and beverage and technology products from the European Union.

Before investing in the products you will import, you must have a sales network or dealer.

As indirect export, you need a significant amount of money to purchase/produce a product and create a sales network of indirect imports. Most importantly, you need to make sure you choose the right product.

5. Online Export.
25 Most Profitable Business Ideas for Import and Export.



Is there anyone among you who still hasn't heard of Amazon or online sales sites like eBay?

Through these sites, it is possible to buy your products wholesale and then sell them on online platforms by adding a considerable profit percentage to the unit price. By analyzing the trends, you can determine which product is selling well, you can source these products from other countries and sell them online.

You can open an online store on any of the platforms Amazon, eBay, Aliexpress, promote your product by uploading great photos, or even add your brand tag to the product presentation.

The online selling method is great for selling small and light items that we can transport by air. Fashion items, clothes, handbags, toys, etc. All items can be easily sold online.

It is common for businesses to find a Chinese manufacturer and have their product custom-designed and allow the Chinese manufacturer's label to be added to the design. What matters in online sales is the branding process and the perfection of the design, because that's the only way you can stand out from the crowd.

Online sales; online marketing, SEO, content creation for your online store, integrating technology, online payments, CRM, tracking system, etc. requires special knowledge and skills. Online sales have become one of the rising trends of today, and it continues to grow day by day by succeeding in attracting even the mass that does not sell in these environments.

You should remember that you will need a lot of talent to successfully bring this business idea to life.

You also need a website for your business to start selling products online. Your main platform will be your own website. Whether you're importing or exporting, in both cases, having a website is essential.

 6. Handmade Item Sales.
25 Most Profitable Business Ideas for Import and Export.



This business idea is not for mass-produced products. What about the manufacture and sale of handmade products? If your answer is positive, you have a chance to sell your handmade products to the whole world through an online store.

These days laptop bags are made of straw yarn, handmade clothes, woodwork, ceramics, jewelry, etc. It is possible to sell many products online.

Online selling is one of the most profitable foreign trade ideas. It provides an opportunity for people from developing countries to make a big profit Back in the day we could only get such products at low prices when they were made in our own country, right?

But now it is even possible to sell these unique products to the whole world and make a fortune for this sale.

 7. Stockless ECommerce ( Dropshipping).
25 Most Profitable Business Ideas for Import and Export.



If you want to sell online but find it difficult to deal with inventory, this is the most effective method you can use.

Dropshippers are basically only interested in the marketing and branding activities of their product, but they do not have stock. After payment, the seller forwards the customer's address and order details to the original supplier/manufacturer. The manufacturer then ships that particular product directly to the customer.

Dropshipping companies maintain their profit margin and only deal with the online marketing and sales process; They never deal with the product itself.

However, we do not recommend starting this business before trying to sell online and checking the quality of the products. Remember this is also an online business idea and can be used for content marketing, SEO, payment systems, etc. requires knowledge and experience of skills.


 8. Warehouse Rental.
25 Most Profitable Business Ideas for Import and Export.



If you own or have money to own property close to ports, train stations, or airports, there's another business opportunity for you. Companies that import or export products need warehouses. They need a place to keep their products because in this way they have found a convenient and fast way to ship their products by air, land or rail.

Importers are also looking for warehouses because they need a distribution center where it is possible to send products to their customers or dealers in the most reasonable way possible.

 
9. Providing Freight (Freight)  Shipment Service.
25 Most Profitable Business Ideas for Import and Export.



If you are knowledgeable about logistics, and transportation and have the necessary connections, you can start providing transportation services to import or export companies.

Some traded entrepreneurs don't want to deal with shipping or don't know where to start to get the best prices for freight shipping. As a forwarder or freight forwarder, your job is to sign contracts directly with shipping lines, with the best price guaranteed. You will assist import or export companies in transporting their products from point A to point B, make all arrangements on their behalf and receive payment for these services.

This type of job only requires effective organizational and communication skills, so you don't need a lot of money to get started. However, you must know about international transport and logistics and have excellent connections to offer your customers the best deal. You can arrange the shipment by sea, air or rail.

 
10.Customs Consultancy Services.
25 Most Profitable Business Ideas for Import and Export.



If you have sufficient knowledge of all taxes, regulations, and customs procedures in the import-export process, you can sell these services for a suitable commission. Some people/companies dealing with foreign trade are not very keen on filling out complex import or export declarations or contacting customs officials. At this point, they may need your consultancy.

You don't need large sums for this job either, but you need to know enough about customs procedures and even get certified before you start providing such services.

You should remember that you will be responsible for a range of paperwork including preparing and issuing documents in customs clearance consultancy. You may need to fill out customs declarations for your customers, or you may represent them in the customs area to complete customs clearance for import or export on their behalf, or you may assist your customers in paying customs duties.

 
11. Customs Warehouse (Warehouse) Usage.
25 Most Profitable Business Ideas for Import and Export.



If many containers have reached the border gates of the import company, the next step should be to transport these products to special customs warehouses. Warehouses are special warehouses where importing companies can store their products before customs clearance is completed.

Bonded warehouses are places that are strictly controlled and inspected by certain authorities in the country, and all warehouse owners are listed by the customs ministry. You also need a special license to maintain or service these repositories.

 
12. Foreign Trade Consultancy.
25 Most Profitable Business Ideas for Import and Export.



If you have succeeded in overcoming each stage/problem on your own in all your foreign trade ventures, or if you think you have gained practical experience in the sector, you can also generate income by sharing your knowledge and expertise. You can advise fresh entrepreneurs who are new to the sector. You can help them solve the problems they face.

People's knowledge of foreign trade is usually theoretical, most of them only studied international trade or business at university, but there are very few people who have actually done this business. Therefore, there is a growing demand for experiences that will work in practice. If you are experienced in this field, you can establish a consultancy company and start helping entrepreneurs who have just stepped into the sector.

This is a business idea where you will need your previous experience. It is not enough to have studied international trade or foreign trade at the university by itself. To be successful as an import or export consultant, you need to be involved and gain practical experience and increase your knowledge.

 
13. Investing in Foreign Trade Enterprises.
25 Most Profitable Business Ideas for Import and Export.



You can offer investment services for new or existing foreign trade ventures. New companies need investment to buy the necessary products and get started. Those who have established themselves in the sector need these additional investments to further expand and develop their businesses.

New or small startups often fail to receive funding from banks, creating a huge opportunity for investors.

However, if you really want to invest, you need to be able to analyze the venture very well, the profit or return on the investment potential of the venture. You should also be familiar with the marketing and foreign trade process.

As you can see, this is a business idea that you can implement only if you have previous business experience in foreign trade. Having experience also means that you will be familiar with all the possible risks or special circumstances associated with this job.

 
14. Insurance Consultancy Services.
25 Most Profitable Business Ideas for Import and Export.



Are you aware of the risks that await you during the import or export process – especially the risks of delivery, freight, and damage? Then you can offer private insurance services to those dealing with this business.

If you do not have money problems, you can take care of insurance transactions directly. However, most of the time, you can choose to be an intermediary and sell the services of other insurance companies and earn a profit by taking a commission from it. To do this, you need to build solid relationships with your insurance providers and negotiate the best terms for yourself. So you should have lots of potential partners/insurers.

Your responsibility is to find foreign trade companies that demand insurance consultancy services and to produce the most suitable insurance solutions for them.

 
15. Foreign Trade Inspection Services.
25 Most Profitable Business Ideas for Import and Export.



Most overseas companies require the assistance of a local company to audit the supplier company or factory. They need it before they pay. This is a job similar to what the sourcing agents do, but more focused on the factory or product inspection.

The country most in need of audit assistance is China. Many companies in China present themselves as suppliers, but actually only do business or even try to scam to make money, not even related to trade. Due to the language barrier, it is very difficult for a foreign company to audit these companies.

For this reason, inspection is an important step in foreign trade. When the inspection process is not concluded under the procedures, the importing foreign firm refuses to pay for the said goods.

This is a great opportunity for local companies and entrepreneurs. You can offer inspection services and get a good remuneration in return. You can visit the suppliers in your country, review their company histories, and then analyze this information and give feedback to the foreign buyer. Moreover, while doing this, you control the production process.

There are many online environments where you can register yourself as an audit service provider.

 
16. Creating a Database.
25 Most Profitable Business Ideas for Import and Export.



You can create an online or offline database of companies that do export or import business. You can request a one-time entry fee or membership fee from the companies that want to be in your directory.

Companies will want to be in your database because this will give them a chance to win new buyers or customers. If you want to increase your visitors or the number of companies interested in your directory, you need a good promotion. The more popular your directory is, the more value you provide, so more and more companies want to be on your list. Consider Alibaba, a Chinese e-commerce company. Launched into the business world as an online database provider, the company later became one of the largest online e-commerce platforms in the world.

 
17. Marketing Services.
25 Most Profitable Business Ideas for Import and Export.



If you are good at marketing online or offline, you can offer marketing services to foreign trade employees.

You can help companies with branding and enable them to reach more customers. Most of the small businesses are insufficient in foreign trade marketing. This is because they do not have enough time or key information to do research on how to market their product/service to import products overseas or have many more buyers. They focus more on producing flawless products.

Does this business idea sound appealing? So the first thing to do is make sure you know how to reach your customers. It is essential that you know how to present a product and how to create and execute marketing campaigns. Finally, you need to convince potential buyers to buy the product from the customer you are serving in the marketing service. If you can increase the customer's sales by a significant amount, you can claim a dividend.

If you're really good at marketing, this business idea could be pretty lucrative for you. Remember, you have to be really good.

It is extremely important that you have knowledge of online marketing strategies today. Being well-equipped with SEO, Social media, content marketing, and paid advertising is essential to helping your customers sell more.

 
18. Logistics Expertise.
25 Most Profitable Business Ideas for Import and Export.



You can help local import or export companies by arranging their domestic logistics and transportation operations in an optimized way. Small businesses do not have enough time, and sometimes even knowledge, on how to optimize their logistics. You can enable these companies to save money by rearranging their transportation and warehouse costs, thus speeding up the process.

If you are experienced in logistics or believe you have a wide network of connections, this business idea maybe just for you.

 
19.Market Research Services.
25 Most Profitable Business Ideas for Import and Export.



Deciding what the product to be imported or exported will be is a highly detailed study that requires analysis of the local or foreign market. Such research is essential before making important decisions.

Unfortunately, small businesses may not have enough time or knowledge to conduct a sound market analysis. In fact, sometimes even the decision about the export or import of the product is made based on only limited market information. This situation can lead companies to make critical mistakes that will wreak havoc financially.

If you are good at doing market research or data analysis, you can offer market research services to local or foreign companies. If you implement this business idea, we have no doubt that you will profit.

 
20. Road Freight Services.
25 Most Profitable Business Ideas for Import and Export.



If you have enough cash, there is another business idea for you. You can buy trucks, vans, and minibusses, and provide road transport services for those dealing with import-export business.

Companies that do import or export business usually do not have their own trucks or vehicles to use for transportation. However, they need a regular service network or always have to move some goods or a certain number of containers from point A to point B.

To provide transportation services to these companies, you can contact them directly or submit your offer through the mediation of the transportation companies that offer their services.

 
21. Exporting Software Products.
Most Profitable Business Ideas for Import and Export.



This business idea is particularly lucrative for developing countries like India. There are many qualified software engineers in India and the average income of those doing this job is still much lower than they can earn in European countries or the USA.

Create a small IT team and start producing software products that you can market to foreign companies. Most European companies need applications, websites, and other software products, and they also welcome outsourcing.

This is called a “service export” because you do not need any licenses or permissions for this operation. You develop your software and transfer it to your customer via online environments.

22. Selling crafts.
Most Profitable Business Ideas for Import and Export.



Import-Export Business is not only about manufacturing on a large scale! Rather it can also be about beautiful, intricate handmade products such as jute laptop bags, glass ornaments, handmade clothing, ceramics and more! This small scale business will also be given really well! Scope of interest for foreign crafts in the market!


23. Vehicle export.
Most Profitable Business Ideas for Import and Export.



Here, you can focus on the makers! Or even export used vehicles. In addition, small export products can also be sold within the automotive niche such as parts and equipment! And it will make a good idea to your advantage!

24. Clothing and beauty.
Most Profitable Business Ideas for Import and Export.



The US doesn't have a ton of clothing manufacturers compared to other countries, so this can be a great export business plan! You can use the above figures for your statistics! Because clothes from America are in great demand due to their trendy prints and designs, high-class quality and minimal production!

 Similarly, skincare, hair care and export cosmetics can also be well researched and marketed in India! With lots of interesting ideas for small businesses, we hope! May some of these spark your creativity and direct you to the horizon this year!

25. Cotton Export Business.
Most Profitable Business Ideas for Import and Export.



India's availability of black soil over a vast area is an advantage for cotton production. And since various products are made from this crop. Hence exporting cotton products to foreign markets proves to be another viable option even for a small businessman. Cotton yarn and fabrics export accounted about 23 percent in the financial year 2019-20.

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