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In this video, Eric Goldschein discusses starting an import/export business, emphasizing its resilience regardless of global economic conditions. The import-export market spans various categories, including capital goods, consumer goods, and food and beverages, generating hundreds of billions of dollars. He highlights the historical significance of trade, illustrating how products like clothing, olive oil, and cars are globally sourced. For those interested in this business, it’s crucial to identify a product that could succeed in another market. Goldschein also notes that there are different types of import/export businesses, such as export management companies (EMCs), which facilitate the sale of goods for domestic businesses in foreign markets.
