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:

Hong Kong leader 'sorry' and 'should have done better'
Tue, 18 Jun 2019 08:57:00 +0100
The leader of Hong Kong has given her "sincere apology" to its citizens following mass protests against a controversial extradition law proposal.

Man jailed for sharing footage of Christchurch mosque shooting
Tue, 18 Jun 2019 01:17:00 +0100
A man has been jailed in New Zealand for sharing footage of the Al Noor Mosque attack.

Former Egyptian president Mohammed Morsi buried after court death
Mon, 17 Jun 2019 17:02:00 +0100
Ousted Egyptian president Mohammed Morsi has been quietly buried under heavy security in Cairo after his collapse and death in court, a lawyer said.

US increases Middle East troops after claiming photos link Iran to tanker blasts
Mon, 17 Jun 2019 21:43:00 +0100
The US is to send another 1,000 troops to the Middle East in response to what it describes as "hostile behaviour' by Iranian forces.

Four injured in shooting at Toronto Raptors victory parade
Mon, 17 Jun 2019 22:45:00 +0100
Four people have been injured in a shooting at a victory parade for the Toronto Raptors basketball team, police have said. 



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