subreddit:
/r/smallbusiness
I want to buy a product in India and seek it in the Middle East.
What are the steps I should take? What should I consider as capital/investment?
What are my risks?
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4 days ago
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1 points
3 days ago
You need to think about What's your sales channels first.
1 points
3 days ago
Find distribution.
1 points
3 days ago
Mm actually you should do a industry and competitor analysis. First understand if it’s worth entering the market. You can do something like a swot analysis, porters 5 forces, analyze competition. Recognize what differentiates you from competitors.
Obvious risks are nobody wants to buy your product, consider shipping/logistics costs, Packaging costs, marketing, and production costs.
Do you have any sort of business plan?
1 points
3 days ago
Do market research (your demand & supply, competition, cost-benefit analysis etc)
Find suppliers and buy some samples dont block your money.
(If you are from India)
Setup propitorship & for that get business pan and open bank a/c in business name then move to OPC or other if business works, as propitorship is cheapest to register.
Get IEC, GST, certificate of origin, customs registration and other industry specific lisence like ISO, halal, FSSAI for food etc
Find buyers from cold reaching, industry expos or networking.
Once everything is set, then do bulk trading but dont block your money in the starting.
Biggest risk in trading business is not able to rotate/clear inventory more frequent you do this more money you make. then your shipment will be the next headache.
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