Brief overview
Depending on the country where you desire to work, starting an Import company may be a great idea. Perhaps there is a niche market that you can easily break into with your connections abroad. For example, as technology grows worldwide, you may find that you can import items that are not available locally and sell them for a good profit. The one thing to remember is that you will probably pay customs on all goods that you bring into the country for resale. It would be wise to research and test the market to see what price the locals will pay for your items. Import companies do not require much financial capital to start locally, however, depending on what you purchase to import, you may need a fair amount of upfront money.
More Information
Capital / Setup Cost
$15,000 - $30,000
Legitimacy
High
Employees
1-5
Rate of Technological Change
Low
Time Involvement
30 – 40 hours per week
People Contact
High
Specific Training
Little training
Seasonality
Low