Exporter - Importer

Definition of Export: "Person that exports; originator or wholesaler of exported goods. In the context of export control, the person or organization that serves as the source of the exported equipment, technology, information, or software."

Definition of Import: "The U.S. Customs Service defines "importer" as a person primarily liable for the payment of duties on the merchandise, or an authorized agent acting on the importer's behalf. The importer may be: (a) a consignee, (b) the importer of record, or (c) the actual owner of the merchandise if the actual owner has filed with Customs a declaration acknowledging ownership along with a superseding bond."

As an exporter, you are essentially an intermediary that sells domestic good for American manufacturers to foreign buyers. Product ranges are huge and in that regard you will have to do your research for what products you will choose. You can deal with a wide variety of countries from around the world.

You can also purchase and import products from foreign countries to sell within the United States. The most inexpensive avenue is to act as intermediary for the manufacturer and not have to deal with products; the choice is up to you.

*What you need: A computer, fax machine and printer. Knowledge of letters of credit and foreign payment polices and shipping methods. This business will work best for someone that has a history in sales and marketing, you will be convincing manufacturers to let you sell their products and get buyers to purchase them.

*Positive: This business can have many variables and your product choices are endless. You can export/import items from auto parts to hand bags and more!

*Negative: This is a very important negative, as we have stated above you are the intermediary which means if you don't fulfill the terms set forth in the letter of credit by the due date, your buyer can refuse to pay you what is owed.

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