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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business, highlighting its significance in the global economy, which remains robust regardless of market fluctuations. The import/export sector is valued in the hundreds of billions of dollars, facilitating trade of various goods like consumer products, capital goods, and food. He emphasizes the historical nature of trade and its role in connecting markets, illustrated by the global sourcing of products like clothing and cars. For those with a viable product idea for a new market, he suggests examining the opportunities for import/export. Additionally, he mentions different business models, including starting an Export Management Company (EMC) to help domestic businesses sell internationally.
