According to the Australian Bureau of Statistics (ABS), only 0.005 percent of the world's population is located in Australia. This amounts to a colossal market outside Australia.
As a result, the import and export market has been expanding and rising steadily over recent years, indicating that the industry is thriving.
In 2004, Australia's total exports increased by 8 percent to $152.5 billion and its total imports increased by 8 percent to $178.2 billion. Of this, the value of merchandise exports increased 9 percent to $117.6 billioon, and merchandise imports rose 9 percent to $141.1 billion.
Market research will be vital to your business, especially when operating within the export and import industry.
Thorough market research will give you an idea of your businessapos; viability, let you know how much money you can expect to make, what demand there is for product/goods, both locally and overseas, and help you work out your best location.
It's one thing to research the market in your own country, but when the world is your business' oyster, it can be difficult to know where to start. Your target market is the clients who will provide you with the majority of your income and make your business successful.
The top import/export agents generate six figure net profits by simply matching buyers and sellers in different countries. You, too, can work as a consultant to overseas exporters developing new markets, or act as middleman, buying products from manufacturers and selling them to overseas retailers and wholesalers.
Being armed with the appropriate information and knowledge is the key to becoming successful in this industry. The Import/Export guide takes entrepreneurs through the start-up process step-by-step and outlines industry specific information.
Considering the vast market and overseas dealings you will have to contend with as an importer/exporter, you will also need to be aware of the customs and quarantine regulations and how to deal with overseas manufacturers and representatives.
This will be vital to the success of your business. All of this and much more is outlined in this guide.
It also investigates market potential, what to consider when choosing a business premises and location, what equipment you will need, what to consider when it comes to costs and stock, how to effectively operate your business and the tax and legal issues you should be aware of.
Remember, not only is starting a business a major life-changing decision, it is also a major financial investment. As a result, you will need to make sure you are fully aware of the commitment you are about to make and what is involved.
This guide will help you to arm yourself with the appropriate information. Information that is accurate, up-to-date and applicable to your individual circumstances.
|High net profit before tax||$164,000.00|
|Average net profit before tax||$107,000.00|
|Average startup investment||$21,000.00|
|Minimum startup investment||$14,000.00|