How do I start an import business with Rs. 1,00,000 capital?


fashiontiy
Directory Approved Supplier
  • Posts: 428
  • Joined: 27 Nov 17
  • Karma:
6 Feb 21 01:47:17 am
There is a big myth that starting the Import-Export Business in India requires a high amount of capital. This is not true in all cases, can also be started with a minimum or zero investment.

Import and export itself is a very broad concept. Before starting, exporters need to do a lot of preparations. To start import and export business with Rs. 1,00,000 capital, the following steps may be required:

1.Register Your Business

Establishing an Organisation

Opening a Bank Account

Obtaining EXPORTER CODE INDIA

2. Conduct detailed market research and product selection

After understanding the list of certain prohibited/restricted import and export products, choose the right product according to market trends and competitors.

3. Looking for import and export suppliers

In fact, this is a very important point in your import and export business. Cooperation with excellent suppliers is a powerful guarantee for your business success. Participating in trade fairs, exhibitions, B2B portals, forum searches, etc. are all effective ways to find suppliers. FashionTIY online wholesale website is dedicated to serving small and medium importers who looking for low-cost sourcing. Through this platform, you can import 100k+ products from China without any sourcing service charge. Compared with other channels, the platform can on average save you 30%-70% cost, which is very important for you with limited funds.

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