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In this tutorial, Eric Goldschein from Fundera discusses the potential of starting an import/export business, emphasizing its resilience amid global economic changes. The import/export market encompasses a vast range of products, including capital goods, consumer goods, and food, contributing to an industry worth hundreds of billions of dollars. Trade has been integral to human society, facilitating the movement of goods like clothing from China and cars from Germany. If you've identified a product with market potential elsewhere, now is a good time to explore the import/export business model. Goldschein notes that there are various types of import/export businesses, such as Export Management Companies (EMCs), which export goods on behalf of domestic businesses aiming to reach new markets.
