Import/export businesses match domestic and foreign buyers and sellers of various products and commodities.

Import/export companies typically have low overhead costs and lean business models, allowing them to reap sizable profits for a minimal investment.

Below are some steps which one should follow for starting an Import & Export Business

Step 1
Decide which type of import/export business you wish to start. According to Entrepreneur.com, there are three main types of import/export companies.

Step 2
Register your business, and obtain any required licenses and permits.

Step 3
Choose a target niche to focus on in the early stage of your business. Import/export activities cover such a vast range of industries that new companies can benefit from focusing on a single target at first to gain experience and establish a reputation.

Step 4
Establish foreign and domestic contacts in your niche. This may be the most time-consuming step involved in starting your own import/export business.
Compile lists of all foreign and domestic businesses in your chosen niche, and begin a direct sales and marketing campaign.

Step 5
Determine the needs and product offerings of each of your contacts, and begin to make connections.