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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business. Regardless of global economic conditions, the import/export market remains robust, encompassing various sectors such as capital goods, consumer goods, equipment, and food. This industry is worth hundreds of billions of dollars and has existed for centuries, facilitating the exchange of products like clothing from China and cars from Germany. If you've identified a product with potential in another market, it's time to explore import/export opportunities. There are different types of import/export businesses, including an export management company (EMC), which helps domestic businesses sell to foreign markets.
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