Ex-works terms or ex-factory terms are commonly been used in the business of import and export. Understanding these terms is important to undertake any import/export business from any country successfully. Ex-factory price means, the selling cost of goods from Seller’s factory. If a buyer agrees to ex-works terms, he/she would be liable to undertake all… Read More »
Letter of credit is a safe mode of payment commonly for any business especially in international business also. Letter of credit is been known to be one of the safest payment options for importers in international trade transactions. The reasons why L/C is a very important tool for export-import transactions is primarily due to the… Read More »
Basically export means shipping of goods and services out of the legal jurisdiction of a country. International trade business is mostly assumed to be highly complicated and full of risk. Many times, business people hold back from investing in international trade due to a negative perception. In order to overcome such negative thoughts, it… Read More »
Selection of export products for sale has to be the toughest decision you will face when starting out in international trade. It should be the first step you take even before getting into the details on how to start export business. The right product to sell is the most critical stage in creating a… Read More »
In this competitive world, it is very important to build a diversified portfolio of online marketing and advertising. Advertising is a crucial part of running a successful import-export business. In order to grow the business, one needs to have a full-proof strategy for marketing and public relations. There are various ways to advertise the… Read More »