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In this video, Eric Goldschein from Fundera discusses starting an import/export business, emphasizing its viability regardless of the global economy. The import-export market encompasses various categories, including capital goods, consumer goods, equipment, and food and beverage, representing hundreds of billions of dollars in industry value. Trade has existed for centuries, enabling the exchange of products like clothing from China and cars from Germany. If you’ve identified a product with potential in a different market, it’s worth exploring importing or exporting it. He highlights different business models in this sector, such as starting an export management company (EMC), which facilitates the export of goods for domestic businesses seeking to access new markets.
