AmaliaTG
Active member
We all want to start a business and have financial freedom but starting a business is not that easy and it will cost you energy, effort and money to start . So today I will share with you one of the go to bussines idea that I think you might consider. The business idea is the fruit export business and these are the factors and steps on how you can start your business today.
Licensing and Registration of the business- Just like it's states, you have to always register your business with the government authorities in order to start your business. Take the correct policy and measures toward the exporting system from the Ministry of Commerce and Foreign Trade (CFT). Also make sure you are verified and approved by the Export Promotion Council (EPC) which will be the one to allow you to start exporting. You will also need valid bank details that you will show the ministries when you go to register and of course your ID.
Capital- This is the crucial part in considering starting a business, any business in general. Where will that money come from? Whether from loans or your own savings, it's important to note and sit down with yourself and do calculations how you are going to spend that money when starting this business. Make sure you utilise your capital with the most important things that are needed in your business and avoid unnecessary expenses.
Office setup- This is to mean you will either set up an online business or an actual physical office where your office will be the headquarters of the business.
Suppliers- A supplier is simply a person to whom the commodities are coming from , the source of your commodities. Another thing you need to consider when starting export business is the suppliers system. You need to ask yourself where you will get suppliers, where are this fruits grown in majority, well for example country like India is a good place to go look for fruits suppliers because most of this fruits we consume are grown in India.
Market Research- This is the most important stage you need to be keen in when it comes to setting up this business. You need to identify who your competitors are in the country that you want to export your bussines to, know the exact prices of those fruits in that country that you want to export to, for example if you want to export your fruits to Canada, make a research and know what are the prices of those similar fruits there.
Hire Workers- For your business to run smoothly and bring you profits the way you want, then you will have to consider employing people to work for you. The Distributors, dealers, representatives of your office and also an overseas agent who is going to be there in the exporting countries on your behalf. Whether you choose to pay your employees as commission or basic monthly salary, it's all up to your budget.
Shipping of the products : This is the most sensitive stage when it comes to exporting your goods. You will need to find a way to ship the product either through shipping company or through freight forwarder. And since we are talking about Fruits here, you will need ship them with freight forwarder which is faster and secure and as a result the fruits will land in the exporting country on time and ready to be sold .
Advertising- This is the last stage where after you've managed to set your business and it's running smoothly, then advertising and marketing it will be the last stage where you can create the company's website, advertise it on social media or advertising house. All this advertising methods depends with your budget. But if you are that fixed you can start with Website advertising and social media marketing which cost nothing then later you can advertise your business to the media houses
So these are the steps and strategies you can take when choosing to start a fruit export business.
I hope this was helpful and Good luck!
Licensing and Registration of the business- Just like it's states, you have to always register your business with the government authorities in order to start your business. Take the correct policy and measures toward the exporting system from the Ministry of Commerce and Foreign Trade (CFT). Also make sure you are verified and approved by the Export Promotion Council (EPC) which will be the one to allow you to start exporting. You will also need valid bank details that you will show the ministries when you go to register and of course your ID.
Capital- This is the crucial part in considering starting a business, any business in general. Where will that money come from? Whether from loans or your own savings, it's important to note and sit down with yourself and do calculations how you are going to spend that money when starting this business. Make sure you utilise your capital with the most important things that are needed in your business and avoid unnecessary expenses.
Office setup- This is to mean you will either set up an online business or an actual physical office where your office will be the headquarters of the business.
Suppliers- A supplier is simply a person to whom the commodities are coming from , the source of your commodities. Another thing you need to consider when starting export business is the suppliers system. You need to ask yourself where you will get suppliers, where are this fruits grown in majority, well for example country like India is a good place to go look for fruits suppliers because most of this fruits we consume are grown in India.
Market Research- This is the most important stage you need to be keen in when it comes to setting up this business. You need to identify who your competitors are in the country that you want to export your bussines to, know the exact prices of those fruits in that country that you want to export to, for example if you want to export your fruits to Canada, make a research and know what are the prices of those similar fruits there.
Hire Workers- For your business to run smoothly and bring you profits the way you want, then you will have to consider employing people to work for you. The Distributors, dealers, representatives of your office and also an overseas agent who is going to be there in the exporting countries on your behalf. Whether you choose to pay your employees as commission or basic monthly salary, it's all up to your budget.
Shipping of the products : This is the most sensitive stage when it comes to exporting your goods. You will need to find a way to ship the product either through shipping company or through freight forwarder. And since we are talking about Fruits here, you will need ship them with freight forwarder which is faster and secure and as a result the fruits will land in the exporting country on time and ready to be sold .
Advertising- This is the last stage where after you've managed to set your business and it's running smoothly, then advertising and marketing it will be the last stage where you can create the company's website, advertise it on social media or advertising house. All this advertising methods depends with your budget. But if you are that fixed you can start with Website advertising and social media marketing which cost nothing then later you can advertise your business to the media houses
So these are the steps and strategies you can take when choosing to start a fruit export business.
I hope this was helpful and Good luck!