Maintain your old Siemens Hipath system

Top 7 Ways to Profit from Foreign Trade

Here are seven excellent ways to earn income from international trade.

1. Importing: Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers. You may even decide to go exclusively into the import business and become a wholesale distributor.

2. Exporting: Manufacturers can find new customers for their products in foreign countries. You could also become an Export Management Agent. Arrange for other domestic companies to sell their products to foreign corporations and earn a commission.

3. Licensing: Consider becoming a licensing agent. Earn royalties by arranging for foreign corporations to manufacture and sell the products of domestic companies.

4. Finder`s Fees: You can earn fees from domestic companies for finding foreign buyers (or for finding suitable imports from foreign suppliers). You can also earn fees from foreign companies for finding domestic corporations that will buy their products (or for finding suitable suppliers and products from domestic corporations).

5. Drop Shipping: Visualize receiving an order from a customer based in a foreign country and not having to be bothered with shipping and handling the product. No customs declarations or brokers are required by you. This is because your drop ship supplier is handling those details.

6. Mail Order: Add a mail order service to your existing business operation. Manufacturers, retail stores, and other businesses can increase their sales by using this additional method of selling that is very conducive to international trade.

7. Internet Marketing: You can also extend your reach to worldwide customers by means of the Internet. Methods of obtaining foreign business include affiliate marketing, online auctions, online stores, and websites.

RESOURCE BOX:

J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty-five years.

For valuable Work at Home Small Business Ideas, visit: http://www.yenommarketinginc.com/

In The News:

Trump's climbdown causes confusion at US border
Fri, 22 Jun 2018 19:07:00 +0100
An executive order signed by Donald Trump to stop children being separated from their families at the US border has caused confusion among officials attempting to maintain the president's "zero-tolerance" immigration policy.

Fear is front and centre of immigration debate
Fri, 22 Jun 2018 23:09:00 +0100
Donald Trump was never going to spend an entire week on the defensive - he just doesn't do that.

Saudi Arabia poised to lift ban on women drivers
Sat, 23 Jun 2018 01:44:00 +0100
From midnight on Saturday women will be allowed to drive in ultra conservative Saudi Arabia - it's the only country on Earth where women drivers are currently banned.

Anti-virus software pioneer says he has been poisoned
Sat, 23 Jun 2018 07:46:00 +0100
Anti-virus software pioneer and former US presidential hopeful John McAfee has said he was unconscious for two days after "enemies" tried to kill him.

Migrant rescue ship Lifeline stranded at sea
Fri, 22 Jun 2018 21:24:00 +0100
Just five days after the migrants aboard rescue ship Aquarius finally disembarked in Spain, another rescue boat is at sea with nowhere to dock.



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