Practical export-import articles from the iiiEM expert team.
How Exporters Can Build Flexibility into Quotations and Contracts A quotation that looks profitable today can become a loss-making order tomorrow. Exchange rates may move, freight charges may rise, raw material prices may change, or a shipment may be delayed. For exporters, flexibility in pricing and contracts helps manage these changes while keeping expectations clear… Read More »
What Is Codex Alimentarius? When Is Codex Compliance Required for Food Businesses? Food businesses often come across the term “Codex compliance” when they read about food safety, labeling or exports. But what does Codex mean, and does every food business need a separate Codex certificate? Codex Alimentarius is a collection of international food standards, guidelines… Read More »
Trade shows are one of the most lasting sales and networking means in existence today. Some perceive trade shows as an outmoded marketing method, not much needed in today’s interconnected space of technology. But enough business personalities recognize the value of trade shows to keep them running all over the world. This isn’t shocking… Read More »
The Indian rice industry plays a vital role in the economic growth, employment rates and foreign exchange earnings. It is a huge agricultural sector, which makes lot of money. All thanks to the preferential soil, climatic conditions and growing technology. India is the largest producer and exporter of Rice, all over the world. It… Read More »
International market analysis can be applied to: discover new markets, search products and define public opinions on some strategies. Although diverse, they all follow a fundamental step-by-step method: Define the purpose of the analysis Recognize the efforts needed to accumulate the analysis Know how to perform those operations Distinguish the sources of information required to… Read More »
There are many formalities and registrations to be made with different authorities before an exporter can start into export business and accept an export order. Selection of Firm Name An entrepreneur can pick any name for the firm he wants to start. It is advisable that the name of the firm indicates that the business… Read More »
In continuation of PART 2, below are the last five formalities to meet to establish export import business. Registration with ECGC The exporter should also register with Export Credit and Guarantee Corporation of India (ECGC) to adjust some export payments against political and commercial chances. It also helps to get financial assistance from commercial banks… Read More »
In just some recent years, social media channels have progressed from a mere idea to a must-consider for international marketers. Of all the latest marketing mediums, social has taken the lead. With old marketing tactics, messages were sent to possible customers, and conversation happened one way. Whereas on social channels, both customers and businesses can… Read More »
Setting-up your export business and taking the controls simultaneously, can be exciting to forward your career. Offering you with the independent personality, dictating hours of workload independently, starting an export business can give you the peace of mind you’ve always dreamt of. Everything has its bad side not to forget. If establishing an export… Read More »
In part 1, fourteen steps were described for exporters to follow that will help them maximize the likelihood of a prosperous export deal. In this post, two more of those steps are discussed in more depth. The Value of a Termination Date You need to ensure that your sales quotation or proforma invoice… Read More »
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