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.
Exporting can also help smooth the peaks and valleys of your income.
For instance, if you sold winter sporting goods, you could sell to
both northern and southern hemispheres to help offset the seasonal
nature of your business.
Of course, you might also consider selling sporting goods for all the
seasons and still export to other countries to increase and diversify
your income.
You could also become an Export Management Agent. Arrange for other
domestic companies to sell their products to foreign corporations and
earn a ten percent commission.
You would think that selling to foreign customers would be quite
risky. However, use of letters of credit can protect all parties. An
Export Management Agent might actually arrange for ninety percent of
the sale to be paid directly to the domestic supplier and ten percent
to be paid directly to himself.
3. Licensing
Consider becoming a licensing agent. Earn royalties by arranging for
foreign corporations to manufacture and sell the products of domestic
companies.
To learn more about making money as a licensing agent, visit
http://www.yenommarketinginc.com/licensing.html
4. Finder`s Fees
Imagine the possibilities for earning finder`s fees in international trade!
You can earn fees from domestic companies for finding foreign buyers
(or for finding suitable imports from foreign suppliers). You can also
earn fees from foreign companies for finding domestic corporations
that will buy their products (or for finding suitable suppliers and
products from domestic corporations).
To learn more about how to earn finder`s fees, visit
http://www.yenommarketinginc.com/finder.html
5. Drop Shipping
Visualize receiving an order from a customer based in a foreign
country and not having to be bothered with shipping and handling the
product. No customs declarations or brokers are required by you. This
is because your drop ship supplier is handling those details.
You might collect $100.00 plus shipping of $15.00 from your foreign
customer. You then simply send your customer`s order to your drop ship
supplier with your payment of $65.00 (consisting of $50.00 wholesale
cost plus $15.00 shipping). Your drop shipper will now fulfill the
order. Congratulations! You just made fifty dollars.
To learn more about how to make money drop shipping, visit
http://www.yenommarketinginc.com/dropship.html
6. 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.
To learn more about mail order, visit
http://www.yenommarketinginc.com/mailord.html
7. 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.
To learn more about Internet marketing, visit
http://www.yenommarketinginc.com/netmrktg.html
Yes, to increase and diversify your income, consider international trade.
To learn more about international trade, visit
http://www.yenommarketinginc.com/impexp.html
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