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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business, emphasizing that this sector remains relevant despite economic fluctuations. The import/export market encompasses various categories, including capital goods, consumer goods, and food and beverages—totaling hundreds of billions of dollars. Trade has been a fundamental aspect of human society, facilitating the movement of products like clothing, olive oil, and cars across borders. If you've identified a product suited for a different market, it's essential to learn how to navigate importing and exporting. Additionally, he highlights different business models, such as an Export Management Company (EMC), which handles exports for domestic businesses entering new markets.
