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International Trade

International Trade

Having a business is a great thing. You are not supposed to answer to anyone as you are the boss of your own. Although things may get tense while establishing your business at a higher level for higher rewards. If you want to extend your business, the best way to do is INTERNATIONAL TRADE. 
If you operate a small business, you may feel that your income potential is quite limited. However, you can increase and diversify your income through international trade.

 

1. Importing
Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers.
Advantages of importing include increased product selection, lower costs, and increased income.
You may even decide to go exclusively into the import business and become a wholesale distributor.


2. Exporting
Manufacturers can find new customers for their products in foreign countries.
Perhaps consumers in your country have lost interest in your product. It may have become obsolete because of technological advances. A foreign market, however, may be desirous of that very product.
Maybe there is an economic slump in your country. Another country may be experiencing a boom. Sales from customers in that country may help stabilize your income and business. 

3. Licensing
Consider becoming a licensing agent. Earn royalties by arranging for foreign corporations to manufacture and sell the products of domestic companies.


4. Internet Marketing
You can also extend your reach to worldwide customers by means of the Internet. Methods of obtaining foreign business include affiliate marketing, online auctions, online stores, and websites.

 

5. Mail order- Add a mail order service to your existing business operation. Manufacturers, retail stores, and other businesses can increase their sales by using this additional method of selling that is very conducive to international trade.

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