The export industry is not new. It has been around since the earliest forms of business trade. In fact, wars have been fought, new lands have been discovered, and international business relationships have been established – all of these occurred through the business of export.
Nowadays, many entrepreneurs have discovered the many benefits of running an export business. It is just exciting, adventurous and financially rewarding as it was for early export business owners.
Many people envision export business as huge business. They imagine big corporations that have made their millions in international trade, however research has shown that the majority of export businesses in Perth, Western Australia are owned and operated by small businesses and sole proprietors.
To become a certified exporter, you need to choose which type you would like to run. Some of the most popular Export Businesses include: Export management companies, export trading, and export merchants.
Export Trading is the art of discovering what foreign and international markets want to purchase and finding the goods. Then, the company or Individual then arranges to export the goods to the buyer.
Meanwhile, an Export Merchant is a person or a group of people that obtains goods, and then resells them to foreign markets. This type of export business may deal in many different items, and not just one specific market. They are in business for themselves and don’t work on commission or percentages.
An Export Management Company is a company that takes care of a business’ exports needs. Suppose there is a company that would like to begin distributing their products in the foreign sector, but they don’t know how to tap into these markets, they can hire an Export Management Company to handle all of the transactions.
For more on exporting, read this blog post: https://www.smallbusiness.wa.gov.au/business-advice/exporting-and-importing/exporting