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Anyone who is running a local business is capable of Exporting. Startups for Export Business is also no rocket science. The only thing that Export Import Trade require is dedication and well, time!

Like everything in life, time is the only essence that can be utilized by perfecting practice and patience. Rome was not built in a day, hence our business needs your undivided attention and much hard work.

Greatness can not be achieved without hard work, top it with some smart workable ideas and there you are! A perfect plan to succeed is the one that requires your talent and at the same time challenges you!

In India, there’s a retail shop in each street, a local businessman on every turn of the road and millions of aspiring and young businessmen. Starting a full-fledged huge scale business might not be possible for everyone.

But taking the first few small steps doesn’t mean you can only run a small business. Most things start small and then grow to be one of the biggest achievements of life. As Businessman patience can be your greatest virtues.

Starting an Export Import Trade is starting a little adventure for yourself. The decisions you make, the risk you take, hours of hard work, is all for you! Once the sales start, the rest of the things fall into their right places.

In India, there are many resources available and so starting an Export Import Trade with an aim to utilize those resources can be more beneficial than anything else. 

Here are some ideas to start an Export Import Trade in 2021:  

• Textile:

The textile industry in India is one of the largest industries in the world! India ranks second to China in the world, for producing Textile and its outreach in the world. This means China not only produces more textile than India but also Exports more!

India has strength across the entire supply chain from raw materials to cheap manufacturing staff to competitive costing in the local markets. Moreover, one of India’s cash crop is Cotton, which serves as an important raw material as is used in most clothes manufacturing. 

Textile export contributes to 12% of the country’s export earnings! India is making progress in supplying the increasing global demand for clothes. As the global scenario changes, people tend to keep work clothes and regulars separate. 

Now that the world scenario has changed again, due to the work from home concept is evolving, people are investing more in pyjamas and t-shirts and sportswear. Comfort above fashion has become a trend!

Of course, it doesn’t mean people have stopped buying party wears and work clothes, the demand has only lessened. Once life gets back to the old normal, trendy clothes will be in demand again and India shall be ready with supplies!

• Jewellery:

India is rich in resources, we had established that in the beginning only. Making full use of the precious Gems and Jewellery and exporting them wisely is one of India’s advantageous aspects.

Jewellery is popular in India, with so many minerals and gemstones used to make it as attractive as possible. People in India invest a lot in buying luxuries as such on auspicious occasions and hence the local and domestic market is rich too.

Glod, copper and garnet are some of the most common precious metals found in India. Large quantities of Diamonds are also found here, as the nation is rich in a land filled with Coal. 

Diamonds are not so rare as they used to be before and neither is their price as subtle as it was before. Compared to the last decade, the rise in the price of Diamonds is alarming even if their rarity is questionable.

India’s primary export of Jeweller docks on the port of the USA, China, Japan and many countries of the European Union. As of the data available from the studies in 2020, almost 25% of Indian Jewellery found its way to the USA!

• Mineral fuel:

The rich land of India embraces a variety of mineral fuel, including the fossil fuel, ni her bosom, that is valued worldwide. Natural gas and Crude Oil are two of the most important and valuable resources found in India. 

Extracting oil may cost a fortune, and need funds from the very beginning but once that is done, it’s a very lucrative field of business.

Another most abundantly available mineral is coal. Apart from that, the land is also very rich in iron ore, manganese ore, mica, and limestone.

Let’s take one small sector business idea that has the potential to rock your Exporting business! 

• Agriculture products export:

Indian economy relies on agriculture more than most other businesses. Agriculture is the primary source of income in many Indian households. Indian farmer works hard day and night only to get the minimum out of their hard work!

India ranks leading position in exporting vegetables across the world. For different vegetables, fruits and other agriculture products, the rank varies. Yet India is able to secure and maintain top positions. 

Since the national consumption of agricultural products is also very high, export becomes a secondary option. The government of India had come up with projects, time and again to increase the export of agriculture products.

It will require more than projects to sustainably increase the export of Indian agriculture. Agriculture products promise a more than 10% profit margin and hence it’s a profitable deal!

These are some of the ideas for those who have determined to run globally. Export Businessman is someone who has a say in international trend. If an Export businessman cant be a trend maker but he can certainly get to say which market gets what quantity of that product.

Global markets are open to all the same way, the ones that make use of their full potential and the resources available to them are the ones who succeed. Grab the opportunity as this pandemic spreads its wings, many businesses are getting burnt.

Export Import Trade is one of the few trades that are not only running smoothly but also growing since the pandemic. Have a part in the legend that is the Exim Industry!

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A product label lets it stand out in a crowded market and lets customers know the product is part of the company’s line of products. This is important in today’s market due to the high levels of competition. The product label is the first thing potential customers see when they walk past it. If you want to start your business import export consultancy services are best to learn business. Get your hands on import and export business training and know more about labelling of products.   Most markets and countries require the same labelling requirements, but some markets or countries have slightly different requirements. Some markets may require some unique information related to a product, which you will have to label if you are exporting to the same market or country. Let’s explore more of labelling in this import export blog.   Labels come in a variety of forms – pieces of paper, printed statements, imprinted statements on a product, etc. They are usually attached to or integrated into a package. 

Must have information in Labelling-  

• Country of origin 
• Ingredient used 
• Date of making 
• Expiry date 
• Weight of the product  
• Direction of use 
• How to store 
• Handling marks 
• Brand name 
• Packaging size 
• Barcode 
• Port of entry 
• Warnings  

Importance of Labelling-  

• The purpose of labelling is to attract a customer’s attention. Labels can be used in combination with packaging and given as instructions on how to use, transport, recycle or dispose of the product. Labels can convey information about how the package or product should be used.  
• The labelling of a product also exaggerates the product. It is also used for identification.  
• The label can be used to display the ingredients of the product and spread awareness among the customers about the item they are consuming. Additionally, the label can also mention the ingredients.  
• A product’s label should also provide information on whether the product contains harmful chemicals, particularly if it is intended for children.  
• Product labelling is the means through which a brand communicates with its customers.  
• The name of the product and the brand itself is a part of product labelling and these labels form the brand identity.  
• When it comes to cleaning products, cosmetics, and medicines, the primary or secondary label should instruct the consumer on how to use the product. Using a product incorrectly can have serious consequences, so it’s essential that the consumer understands how to use the product. 

 International Regulations-  

There are laws that govern everything from what information your labels must include to the size of the font you use. Your packaging must also comply with language requirements in order for potential customers to find information easily and understand it.  

Getting international labelling right is one of the most important steps to success. In order to succeed in every market, you enter, your company can take certain steps: 

• If necessary, conduct group testing with representatives of your target audience. 
• Experts who know the applicable regulations can perform a compliance review. 
• Ideally, someone with first-hand knowledge of the target market and culture should provide insight and review.  
• Your international labels should be reviewed to ensure that they are easy to read in the target language and have the desired aesthetic impact. 

Conclusion-  

The color, font, graphics, and shape of labelling are important factors to keep in mind. You can also add embellishments such as foiling and embossing to your labels to create an extra point of distinction. Labelling that is on brand will help consumers to associate brands quickly with products and vice versa.   Know with import export course in Ahmedabad, how you can do correct labelling at one go.  To know more about export import business, you can also attend live webinar by Digital Exim with expert Kavit Ashwin Shah. Click the link below to join our webinar  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do give us a visit! 

A wise man once said that “A rose by any other name would smell as sweet”. This stands true in many aspects of life, so does it matter while you spend hours deciding on the name of your dream start-up company? NAME DOES MATTER! It matters the most if I’m not exaggerating.

The name you choose for your company is the first thing that the customers are going to know about you. “The first impression is the last impression”. While many of us try not to fall for it but can we really help?

A name is the first thing customers are going to remember about your company, so it should be worth remembering. It should be easy to remember and it must roll easily off anyone’s tongue.

Take it the other way; people should feel pride when they can pronounce your company’s name correctly. They must feel real smart to have the ability to correctly say the offbeat name you have chosen!

So, you have got the capital and are ready to work hard and smart for your business to flourish, and you think you have a name for your company. But do you really have one?

What is Import Export actually in the world of trade? Hey, if you are still in a haze about the Exim business, check this incredible blog out and know all about the business you are about to set your foot in. They also provide import-export consultancy services.

You must be wondering, what wrong or a less attractive name could spoil your million-dollar idea? Well, it can do worse than just fail to connect with the customers but it can and will fail to get the approval of legal documents if the name is offensive in any way.

Without further ado, let’s begin with the ways to achieve the best-suited name for your EXPORT-IMPORT company/business.

• Begin with brainstorming

It’s the first and singular most important thing one needs to do and it’s the only thing that one dreads the most. Try words that describe your trade. Words like ‘Export/Import’, ‘Global’, ‘International’, and so on.

You can also try to add the name of the founding member of your company, or a loved family member.

• Don’t be too much into details when it comes to naming

No one is going to remember a two-line long name of any company. I mean, imagine how ridiculous it would be to go on for 2 whole minutes to introduce yourself as a company.

For example, ‘Dhansukhlal and sons and daughters and Mansukhlal with his wife and daughter, Export business.’

Also, don’t be too specific or narrow down the lane of your business with the name of your company.

For example, when you start you intend to export handmade bags but don’t add that product name to your company name like, ‘Dhansukhlal handmade bags Export Company.’

When you want to expand and export other products along with handmade bags, the name will surely stand in your way. Changing it will impact your customers in more than one way.

• Avoid spelling mistakes

The last thing you want is to realize that you have spelled your most ambitious project, wrongly. Just imagine you will have to go through the tedious formalities just to change a wrongly spelled word!

• Keep it tangy!

We all know it’s no big deal to make lemonade. It’s simple to make and it’s good in taste. What more to expect from a drink? It delivers what it says it will.

The name of your company should do two important works:

1. It should convey the message: That is, the name of the company should easily and simply describe the services your company will be providing.
2. It should be catchy: The people hearing the name of your company should feel the urge to do the simple act of taking out their phones and look for the services you provide.

• The name should give positive vibes

The name will speak on your company’s behalf. You better want it to make a positive effect on the reader and/or listener. The first level of engagement your customers feel towards the company is the sound of the company name.

You don’t want your company name to sound either offensive or negative. This will do more bad than good. Friendly and catchy names always have a positive effect and so try to ignite the feeling of positivity in your customers with the name of your company.

Having said that, remember it’s not important to land upon the best name in the first attempt. Good things take time so be patient with naming.

My last words of advice would be, (if I may) be creative – be smart.

If you have come up with an excellent name for your company and are willing to know more. Click the link below and know more.

India is a country with a vast area open to sea hence providing ample opportunity for easy shipment. Export Import trade in India is flourishing ever since times immemorable. 

In India, there are many Export Entrepreneurs running a successful Exim Trade for a very long time. Their experience and knowledge about the Exim industry are immense but the newer generation is still new to this industry.

Many aspects of the Exim industry may prove to be challenging for the freshers in Exim Industry. One such challenge is Packaging and Labelling. 

Packaging and Labelling can be easy if you have experience and are dedicated to perfection in every work. But it can make a very bad first impression if not done the way it is supposed to be.

• Why packaging and labelling 

There are many reasons as to why one must invest in Packaging and Labelling. The most obvious being that you can not export goods openly and have to have proper packaging and labelling of the goods. 

Another more frequent reason is that generally, the distance between an Exporter and an Importer is vast. Goods are to be transported to a different land before it finally arrives at the destination. 

Under such circumstances, it becomes imperative that proper packaging and labelling is done. Without systematic packaging and labelling, damage and loss of goods pose a huge possibility.

The goods may be moved many times from one place to another. The cargo may be sent to storage places and loaded and unloaded many times. For every such small to big possibility of damage and loss of cargo, packaging and labelling proves to be a secure option.

Labelling of goods is also very important because the last thing you want is your goods not reaching their destination due to poor labelling or getting to the wrong address. 

Let’s look at some advantages of Packaging and Labelling

• Advantages of Packaging:

Packaging provides physical protection against shock, vibrations, temperature, moisture and dust. 

Packaging also provides agglomeration of small items into one big package hence making the transportation efficient and cost-effective. For example, it is advisable to pack 100 small bottles in one large box rather than packing 100 small bottles in 100 small boxes. 

Attractive packaging plays an important role as a marketing strategy. There are professional packaging agencies that provide customized packaging facilities. Fancy and customized packages have a better chance at selling out than outdated and old fashioned packages. 

Packages may also have additional features like distribution, handling, sale, opening, use and reuse. 

The most important thing that packaging provide is security. Packaging plays an important role in reducing the risks of shipment. The authentication seal on the packages indicates that the packages and contents are not counterfeit. 

Packages may also contain anti-theft devices, such as dye-packs or surveillance tags, that can be activated or detected by devices at the exit points and require specialized tools to deactivate them. 

• Advantages of Labelling:

labelling is outright marketing of your goods. Proper labelling is directly proportional to better sales. 

There are some signs and symbols that an exporter should be familiar with and should also maintain nationally and internationally. 

Labelling should be in English and words indicating the country of origin should be as large as prominent. 

The following information must be present as a label on the goods:

• Shipper’s mark
• Country of origin
• Weight marking (in pounds and in kilograms)
• Number of packages and size of cases (in inches and centimetres)
• Handling marks (international pictorial symbols)
• Cautionary markings, such as “This Side Up.”
• Port of entry
• Labels for hazardous materials

Labelling must also provide information like how to use it, transport, recycle, or dispose of the product or package. 

It is better to choose a fat dye for labelling. Essential data should be in black and subsidiary data should be in a less conspicuous colour.

Exim industry is a vast ocean of knowledge and diving deep into it only proves to be advantageous. It is said that good practice can never produce fewer results and it holds right in packaging and labelling. 

It is an exporter’s responsibility to properly package his goods and label them in a way that is easy to understand yet holds an aura of attraction.

We have more blogs on the Exim industry. Want to read them all? Here you go:

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You have gained all the knowledge there is in the world to gain about Export Trade. You have your eyes fixed on the target market and also have a trending product ready for Export. No matter how prepared you have come you can not export unless you have a buyer.    We are not talking about local buyers, we are interested in looking for international buyers. Without buyers, you can not export products to the target market but at the same time, it can be very difficult to find genuine buyers.   

So here are some of the ways to get buyers and get your products to the target market. The first thing you must know is, where to look for when you are finding buyers. Below is the list of ways you can find buyers.  

• Trade Portals: 

First, let’s define what is a Trade Portal. A Trade Portal is a website on the internet that provides information about sellers and buyers, all around the world or a particular region in particular. Such websites provide with information about products and services and links buyer with supplier.  

Examples of such Trade Portals can be Alibaba, IndiaMART, TradeIndia, go4WorldBusiness, Amazon Business etc.   You must be aware that when you shop online on Amazon you are provided with the information of the seller of the product you have selected.   

• Inquire at Embassy:

You can contact the Embassy by dropping in a mail, requesting a list of international buyers. As and when Embassy obliges you can inquire by calling on the contact details of the list of international buyers.  

• Shipment Data:

Shipment data is the data gathered from ports of all small and large ships and of their trade, national and international.  

• Export Promotion Councils:

EPC and Commodity  Boards (CBs) regularly publish their bulletins wherein they provide necessary information about foreign markets and buyers, which can be very useful for Indian Exporters.    

• Offline Marketing

There can be various ways to get buyers through offline marketing. Offline marketing requires you to attend trade fairs, participate in exhibitions and showcase your products. You can also use your personal contacts, friends and relatives to help you get buyers.   

• International Marketing

There are various ways to internationally seek buyers. Marketing is one of the most efficient ways of all. In this type of marketing strategy, you can showcase your product for buyers to get attracted to you.   You can invest in making one of the finest websites for your product and bring buyers from across the world to your page. Once a buyer has landed on your web page, he must be mesmerised by your product and must place an order, or try to contact you.   Investing in a dynamic website is a one-time investment. Once you outshine your competitors, your buyers are sure to come visit your web page. The amount of money you will have to invest in continuing your domain will be extremely small in comparison to the profit you earn because of a dynamic website.    You can also start giving out advertisements in the domestic and international market to further enhance the promotion of your products. Another thing you can do is start showing your achievements in the form of images or short videos, you can also highlight the charity work you do and how your company has helped lessen a crisis.   Such activities are called Branding Activities, and it helps gain and increase trust in buyers. Trust helps build a stronger relationship, may it be a buyer-seller relationship.  

• Digital Marketing

Digital marketing mainly consists of promoting your product on the digital platform. All social media platforms can serve as a medium for digital marketing. You can promote your product on social media, you can also post videos write blogs about your product.   

• Inquiry Management

When you are promoting your product fullfledged, you are bound to generate a lot of inquiries in the market. Some will come to visit your webpage and leave while some will actually look for your contact detail and call you.   For those who visit your various social media accounts but take no actions, you can have a Sales Funnel Process. In this, you will come to know of people who visited your social media accounts and then you can proceed to contact them and turn them into your clients.    Having done everything to get noticed, opened multiple social media accounts and maintained them sincerely, you are bound to succeed. Once you have found buyers from the international market, you just need to maintain your reputation and keep up with the orders.   Finding the first buyer can be a challenge but then the ride becomes swift. Export-import trade is all about finding the right product for the right market, if you have done your research thoroughly, and followed the steps of marketing you will land upon buyers like its no big deal.   Yet if you feel the need to read further, or on different topics, we have a whole blog dedicated to export-import related topics. You can visit the page and see what you like.   https://digitalexim.com/blog/   If you are inspired enough to straight away get enrolled with us, with the link given below, you can do that too.   https://digitalexim.com/contact-us/

Exports of a country are important for sustained economic growth. Many of the fastest-growing economies of the past few decades have recorded high exports growth. International Trade is the backbone of a strong economy. Import export course from a good consultancy will business is a task! Several businesses have suffered in the past year due to the adverse effects of the global pandemic. It has forced many businesses to shut their operations and affected the lives of millions of people across the globe. Businesses are running at a slow pace and we are not even in the post-pandemic phase as various countries still struggle with the new and old strains of the deadly virus. The only Trade running at full throttle and flourishing is the Export Import Trade. This stands true not only for India but also for the rest of the world. The global supply is more than ever and India has come up adequate to fulfil the world need! Since India’s Export Import Trade is increasing more than ever before, it is imperative for Indian Exporters to come up with Futuristic Digital Marketing Strategies to excel in their Export trade.

1 Incorporate Export Trade as a part of the Business Strategy:

With such a high global need for goods and services, India must prove its adaptability to fulfil the global need. To a greater extent, Indian Exporters have proved efficient and hence it brings up to make some permanent change accordingly to the need of the hour.  

The import-export business runs 24×7 so, you need to be active all the time. It might happen that you become unavailable after your office hours but the world is still working during those hours so unless you have a proper strategy it would be difficult. Knowing the sales goals will help you to have a track and at the same time eliminate mistakes. Also plan in such a way that even when you are asleep or not working, your passive income keeps coming in.

2 Global Opportunities:

Building a global strategy means conducting extensive market research. Small businesses should be ready to do their homework. This, most certainly mean, deeply diving into the nuances of the market opportunity under consideration, sizing up international and domestic competitors, assessing product demand, and developing the unique business proposition that makes it worthwhile to build an international operation.  The Cultural, religious as well as demographics of any country play an important role in its import. In building any relation you should adopt a proverb – ‘A little goes long way’. It is important to understand your targeted client’s need before you plan to export the product. This must be strategically planned as not every product would be making expected revenue in each and every market. Accessing the market would include accessing the location, demographics, and needs of the customer, competitors, and their demand.  

3 Showcasing the Export Product:

Word of mouth is a concept that has limited usability nowadays. The digital & modern world today needs a Digital Solution to reach a wider audience.  Digital Marketing helps exactly what you need to reach out to a global audience. Digital marketing can help you find the competitors that are using google advertising services to promote their products in the country you are considering to export. It can help you find them extremely fast and start analyzing them and the services they offer. It also helps in brand awareness and lead generation. Using digital marketing, you can reach an enormous audience in a way that is both cost-effective and measurable. You can save money and reach more customers for less money than traditional marketing methods.  

Get to know your audience and allow them to know you personally which can help to create brand loyalty. Social Media promotions also help you reach your audience’s fingertips within minutes. You can open social media accounts on various platforms and promote your export product. Social Media holds great power these days and you must make good use of this power. Social Media holds great power these days and you must make good use of this power.

4 Investment:

Investment is the sole reason that makes and/or breaks any international business. It is not necessary that if you invest more you should yield more returns. Proper investment is required in which you are the one who decides upon where you must invest what amount of money. The investment should be spread across all the required areas of the business. The supplier finding, buyer finding, documentation, stocking up, shipping all these factors must be taken into consideration while deciding upon the price of the export product. If you are planning on expansion, don’t start with doubling up the investment in stocking up the goods, rather invest in reaching out to a wider audience and then in the stocking.

These are the strategies that are well tested and have lifted the graph of many international businesses. If you understand each and every one of these strategies and implement them according to the need of your trade, you are sure to be Successful. Contact Digital Exim for export import consultancy services. Avail guidance regarding expansion of your business. We have an experienced team of experts who can help you expand your business internationally. India is a country full of resources and opportunity for trading. You just have to make the right decision and take the opportunity when it knocks at your doorsteps. If you wish to visit us, click on the image below, or find us on our Social Media Page!

DGFT is India’s official body for regulations and guidelines for imports and exports. DGFT stands for Directorate General of Foreign Trade. The DGFT oversees the guidelines and principles for both importers and exporters of goods in the country. There are many ways to understand about DGFT but import export training courses are best way to gain knowledge.   The DGFT formulates and implements the Foreign Trade Policy with the aim of promoting India’s exports. The DGFT grants export authorizations and monitors the obligations associated with them through a network of 24 regional offices. To know more about it join our export import training and start your trade.   To increase exports, the DGFT implements necessary laws, issues export licenses, introduces trade incentives, and cultivates relationships with other nations. Here we have discussed some major role of DGFT that you should be aware about-      

Role of DGFT-  

• Develop and implement the EXIM policy/foreign trade policy 

• Provide IEC codes to exporters and importers 
• Creating and maintaining ITC-HS codes 
• Issuing licenses for exports of restricted items 
• To regulate the transit of goods 
• Promotional scheme formulation and implementation. 

• Allocating the tariff rate quota 
• Promoting trade with neighbour countries 
• It provides funds to export promotion councils, agencies of states, and industry and trade associations.  
• Controlling DEPB rates 
• It also helps states to develop their infrastructure for exports. 

• Provide information on goods which can and cannot be exported freely under Export Policy Schedule 2. 
• DGFT is responsible for issues such as notifications, notices, circulars, etc. 
• Financial assistance for the development of marketing and addressing expenses relating to trade.      

• The platform for updating eBRC 

• Analysing policies and conducting research. 
• Regulation, restriction, or prohibition of exports and imports. 
• Providing towns with amenities to help them grow, and identifying their potential for export. 

Conclusion- 

By enhancing economic growth, DGFT also provides a certain impetus in the trade industry. DGFT was formerly known as the Chief Controller of Imports & Exports, before 1991.  If you need help understanding the policies, Digital Exim can help you. We can guide you to solve all of your problems related to import export business.  To know more on the topic, you can join our live webinar. Click the link given below to join and start your business in just 60 days.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do give us a visit!