Choose a good project. Do you mean a good product? You need to do an inspection beforehand to see which products are selling well or which products are on the rise. There are many ways to make this survey. For example, some foreign trade companies with the same scale have developed rapidly and some have developed slowly. Although the reasons are very complicated, one factor plays a very important role: the different choice of products determines the different development speed. In the past few years, toys, handicraft and other industries have made good profits, making a lot of money in this industry. In the current financial crisis, exports have shrunk dramatically and profits have generally declined. At this time, when you choose products, you should make more investigations and be cautious and prudent.
It takes up a lot of money to buy and resell in advance, which is not what foreign trade companies usually do. Unless you are confident in this product and have a high profit, you are not short of funds. Foreign trade companies often act as agents, or even buy out, they sign two back-to-back contracts with foreigners and factories, and pay the factories with deposits paid by foreigners.
The specific operation of trading companies, I just answered someone else, just moved to give you reference:
1. Understand the relevant policies of the products you want to export, such as tax rebate or export tax, need no license, etc.
2. Make quotation. Make a basic quotation according to the factors such as product price, tax rebate or export tax, average market profit and your expected profit.
3. Find customers. Look for potential customers to purchase your product online or on the basis of various information resources, such as the World Importer List.
4. Negotiations on price adjustment. It's about talking to customers about prices, delivery dates, etc.
5. Sign a contract. After the terms of the transaction have been settled, the contract shall be signed.
6. Determine the terms of the letter of credit. Examine the letter of credit drafted by the other party and propose amendments.
7. Stock up. The terms and conditions of the L/C are agreed upon and the original L/C is received for stock.
8. Chartering and booking. There's nothing to explain.
