How Can I Start Exportation Business?
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I am a charcoal and cashewnut export of long standing.
Export market is very different from local market, what we termed as good palm oil at oyingbo market might be rubbish in dubai. There is specifications.
So first of all.. KEEP YOUR MONEY..
Look for an active exporter of your product of interest, attach your self with them and learn the trade. Then you can then finance a part of their shipment and see how it goes.
Local market experience is nothing in the international market.
Exportation of business is really something serious and i think starting on a small scale might not be really advisable. Apart from the registration, the cargo arrangement and laws and other things, you will discover that starting on a low scale might be stressful.
Apart from those above, you need to establish s customer outside the country. You can’t export yam abroad without customers you are s supplying. Hawking is not allowed.
One way to get over this is register as a seller on popular market places and find a customer. You could from there make connections to people that will buy from you.
I think you should plan big and increase the scale.
@Adebisi Opeyemi Please where are the popular market places sellers can register with? In terms of starting this business like how much should one be looking at to be able to start well this export company? Thank you in advance for your response.
You will need some money to start exporting. Even if you join leading online market places, you still have to ship to them to ship to the customer. The amount to start will depend on how much customers are demanding for your products. It also depends on the kind of products we are talking about here. You at least have around 2.4 Million naira on ground. Before you arrange for Cargo, buy the products and ship over, you will need money for all of those.
You could join alibaba, aliexpress, amazon, ebay, etc. You could market yourself on google for business, linkedin and so on.
Even if you join leading online marketplaces, you still have to ship to them to ship to the customer. The amount to start will depend on how much customers are demanding for your products. It also depends on the kind of products we are talking about here. Capitalistideaz will give you a perfect clue on how to go about it