Did you know you can get involved in import/export business just by traveling to other parts of the world? Becoming involved with overseas trading is a desirable notion for many people. It is true especially for those who enjoy traveling overseas, are already familiar with the products that are manufactured in a particular place and know how to find suppliers. For example, if you often travel to Bangkok or have ever lived there before, you may have had business encounters there and understand Thai products. In this case, you can approach a retail store in your area, or elsewhere if you desire, and offer to be the buyer of their Bangkok merchandise. This is called being an import/export agent, where you are hired to place orders, put the shipment together and pay for the product with your employer's money. You are then paid based on a flexible commission.
The commissions you earn as an import/export agent are not fixed percentages because the earnings could be based on the time it takes to compile a shipment, overhead costs and the possibility of traveling to the company location of the manufacturer or handling the details of the export shipping company. The retail company you work for is considered the importer and pays for everything from the goods and preparation of documentation to the packaging and physical freight transport costs. Your commission may then be a percentage of the invoice value or another determined fee.
Another great part about working in import/export business is that the exporter may want to hire you to introduce sample products to the potential market back in the United States. In this case, you may hold your position as Import/Export Agent simultaneously with the position of Manufacturer's Representative. This may not include an exclusive contract, but you can still earn additional commissions on such a business agreement. Both of these examples involve working with other people's money to make a personal profit.
You could also choose to work as an import/export sourcing agent where you help the company you work for find the best source for manufacturing their product overseas. It is important that you locate a manufacturer that can produce to the level of specifications the company requires at a decided price. This position can bring a great level of satisfaction as you help the company you work for make great deals, all while earning commissions from responsibly handling their funds. Getting started in import/export business can become a lifestyle, not just a job!