International trade is one of the new millennium's hottest industry pursuits. While trade isn't new, it is viewed in a new light by investors who want to dip their toes in the great opportunities presented by the already established industry. Trade is, in fact, one of the oldest forms of business that relies primarily on the supply and demand of commodities. Now that the world has become extremely advanced, the rewards of international trade are even more evident, making it a highly attractive field for business starters and investment seekers. When seeking to start an import and export business in Iran, you should first know the difference between the different types of import and export businesses:
• EMC or export management company – An EMC is a type of company that handles export operations for domestic companies wishing to sell their products/merchandise overseas but don't know how (or perhaps don't want to find out how for themselves). EMCs do all, ranging from hiring dealers, representatives, and distributors to handling marketing, advertising, and promotions, arranging shipments, overseeing marking and packaging, and even arranging to finance. In some cases, EMCs take title to their goods, which in essence, makes them their distributor. An EMC can specialise in a particular product, a specific foreign market, or both.
• ETC or Export trading company – An ETC is all about the other side of the trading coin, meaning it identifies what foreign buyers wish to spend their money on and hunts down domestic sources that are willing to export as opposed to seeking out buyers and maintaining merchandise to sell. ETCs usually work on a commission basis and only sometimes take title to the goods being traded.
• Import/export merchant – Import and export merchants are international entrepreneurs that act somewhat like a free agent. They don't have any specific client base nor do they specialise in any particular industry or line of product. Instead, import and export merchants purchase goods directly from a foreign or domestic manufacturer, pack them, and the ship and resell them on their own. This, however, requires you to assume all risks (and in turn) all profits from the trade.
When deciding to enter into the import/export game, remember that not everyone is cut out for the industry. Import and export is not for the sales-phobic, nor is it a career for someone who is organisationally challenged.
• EMC or export management company – An EMC is a type of company that handles export operations for domestic companies wishing to sell their products/merchandise overseas but don't know how (or perhaps don't want to find out how for themselves). EMCs do all, ranging from hiring dealers, representatives, and distributors to handling marketing, advertising, and promotions, arranging shipments, overseeing marking and packaging, and even arranging to finance. In some cases, EMCs take title to their goods, which in essence, makes them their distributor. An EMC can specialise in a particular product, a specific foreign market, or both.
• ETC or Export trading company – An ETC is all about the other side of the trading coin, meaning it identifies what foreign buyers wish to spend their money on and hunts down domestic sources that are willing to export as opposed to seeking out buyers and maintaining merchandise to sell. ETCs usually work on a commission basis and only sometimes take title to the goods being traded.
• Import/export merchant – Import and export merchants are international entrepreneurs that act somewhat like a free agent. They don't have any specific client base nor do they specialise in any particular industry or line of product. Instead, import and export merchants purchase goods directly from a foreign or domestic manufacturer, pack them, and the ship and resell them on their own. This, however, requires you to assume all risks (and in turn) all profits from the trade.
When deciding to enter into the import/export game, remember that not everyone is cut out for the industry. Import and export is not for the sales-phobic, nor is it a career for someone who is organisationally challenged.