Trading has proven to be lucrative in the current Indian scenario. However, you cannot have a successful import/export trading business without a solid customer base. So, if you want to set up your own trading entity, you need a strong database of information first. This shall help you lay out the background.

The basic queries for your international trading business are:

1. How to start an export business?
2. How to acquire orders for export?
3. What are the risks involved in the business and what are the plausible solutions?
4. How can you prepare your export invoice?
5. What are the terms of payment in the export-import trade?
6. How can you settle disputes?

There are ample market research organisations on the internet which present factual data regarding such queries:

• Review your list of import/export websites so that you know the right one to look for.
• For example; the American Association of Exporters and Importers is a valid website to search your required data.
• Another legitimate place to find the information is the PIERS Directory of the United States
• Get a solid base of industry data to set up your own trading business so that there are no gaps in your endeavour
• Create a network of peers and business acquaintances to gather the information relevant for your organisation
• Once you collect the information, you can start your journey successfully
• Additionally, if you need capital to grow, then you can avail small business loans from leading NBFCs in India.
• This solves much of your financial crunch.

Additional Read: Loan for Traders