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In this tutorial, Eric Goldschein from Fundera discusses starting an import/export business, noting that this market remains robust regardless of global economic fluctuations. He highlights that the import/export industry, encompassing categories like capital goods, consumer goods, and food, is valued in the hundreds of billions of dollars. Trade has existed for centuries, facilitating access to products from various countries, such as clothes from China and olive oil from Spain. If you have a product that might succeed in another market, it’s time to consider importing or exporting it. Goldschein also mentions different business models, such as an Export Management Company (EMC), which manages the export of goods for domestic businesses aiming to reach international markets.
