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In this tutorial, Eric Goldschein from Fundera discusses the opportunities in starting an import/export business, emphasizing its resilience despite global economic fluctuations. The import/export market encompasses various categories, including capital goods, consumer products, and food items, collectively worth hundreds of billions of dollars. The concept of trade has existed for centuries, facilitating global exchanges like clothing from China and cars from Germany. If you identify a product with potential in another market, you can pursue importing or exporting it as a business. Goldschein highlights that there are different types of import/export businesses, such as export management companies (EMCs), which help domestic businesses sell abroad.
