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TOP 25 Takeaways in Exports & Imports Industry During COVIDExports and imports Business Plays a Very Vital Role in any c...
15/01/2022

TOP 25 Takeaways in Exports & Imports Industry During COVID

Exports and imports Business Plays a Very Vital Role in any country supplying the Essentials to Luxury products to the world, No matter the Status of the country.

But over the last 2 years, these are my Observations:

1. Startups Company who have No business has Shut down their business ( Because of High Maintenance Costs of Monthly Fillings ) , Sorry for them.
2. Exporters Have Started to Seek Neighbouring Countries as their Target Market.
3. High Ocean Freights Which is Discouraging Many Exporters to Ship to Far Countries.
4. Availability of the Containers like as Pre - Covid is not seen.
5. Entrepreneurs have Started their E-Comm Trade Globally.
6. Running their Business from Home has become a new normal Globally.
7. Working Capital Of Exports has Increased by 20 - 40%.
8. Exporters are Looking at a Shorter Payment Cycle and More Business.
9. New Trends of Finance Accessibility ( Post - Shipment Finances ) has a Good Edge to Increase the trade and Supporting MSME Enterprises.
10. No Much Documentation Pressure, Almost all Documents in Exports can be done ONLINE.
11. Access to New Market, New Business, New Buyers is a Click Away Provided you are aware of them!
12. OLD Exporters Are Retrieving the Funds that are Locked.
13. Same Market, New Faces, and New Bussiness has come up to Face the New Ways of working in the Market.
14. Technology has Played a Good role in Product Quality Checks ( AI-powered )
15. Many New B2B Portals have Come up in the Market to Grab the Potentials.
16. These COVID has made all the Industry to go DIGITAL
17. The Markets are Turning around and Looking for New Products with Innovation.
18. Eco-Friendly Products like Jute Bags OR so, Have a Good Demand in the Coming Future.
19. Technology is Molding Both the Government Organization and Exim Organization to follow the system rather than people.
20. I am happy that the " JUGAAD " System is going to Vanish and Ethical System is Taking Charge.
21. False / Fake Business around the globe are Automatically Out of business during this Covid, Failing to Convince.
22. Entrepreneurs have started to Seek Direct Businesses instead of Agent businesses.
23. FSSAI has Taken the Strict Decisions to Help Food Industries Comply FSSAI Laws in the market ( Both for local and imported Goods )
24. Many Businesses Have Started their Offshore Office to Enable global Business.
25. Exporters Have Also Started Looking at Importing goods into the Country in order stabilize both Local and Global Markets.

These are My 25 Takeaways on What's Happening in the Exports & Imports Industry. ( Many more are left, Probably will add in the future posts )

Have you Been thinking about Starting off with the Exports Trade and Looking for Practical Training & Guidance? Please Connect: https://tinyurl.com/ynvudzht

Looking forward to your thoughts on this thread.

Cheers
Santhosh Raghavan

Hi Guys!!!Have you joined this group to "Learn Exports Imports " Business from Scratch?Since tomorrow is a Special Day f...
13/06/2020

Hi Guys!!!

Have you joined this group to "Learn Exports Imports " Business from Scratch?

Since tomorrow is a Special Day for me, I wanted to Impact people on this very day Santhosh Raghavan!!!

If you are Looking To learn the Business & Looking for Discounts on my Course, 😎😅😀Please Comment your Email id. ( ONLY FOR ACTION TAKER ) -
Limited for the First 50 People.

Cheers
Santhosh Raghavan

10/05/2020

Exports are not a Knowledge problem its an Ex*****on problem.

How many of you resonate with this?

3 DAYS WORKSHOP ON " HOW TO START EXPORTS IMPORTS BUSINESS"This is not a Training, But Workshop!!!!! Not just learn but ...
08/05/2020

3 DAYS WORKSHOP ON " HOW TO START EXPORTS IMPORTS BUSINESS"

This is not a Training, But Workshop!!!!! Not just learn but implement it!!!!!!

Schedule :

9th May 2020 - A Full day Power backed sessions.
10th May 2020 - Assignment ( To make you implement what you learnt) - you will be rewarded with Cashback.
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Cheers,
Learn Exim

23/08/2019

Did you Know - Why Startups Fail in Exports / Imports Business ?

Most of the startups Now - a - Days are Looking at Breakthrough either they may be a working professional ( fed up with 9 -5 job or looking at change ) or a business owner who wants expand his business Globally.

I really appreciate the startups efforts , patience , time , energy , investment . Hats off to you guys , But please remember that you should also sustain in the market so the efforts taken by you pays off to you and your generation .

# # COMING BACK TO THE POINT NOW , WHY STARTUPS FAIL ?

-They dont have a Practical exposure / Experience to handle the business . why? They lack the knowledge , It is always ethical when you get guided by guru's or Experts in that industry ( Not all Experts will be mentoring , LOL! 😁😃😁) This is the foundation step that Startups has to work out with. Getting practical knowledge with an update helps you for the consistent business & growth as well.

- Being a Startup , they get excited when a foreigner Approaches him/her for the Product. I understand when we meet / experience what we love we get excited. But this is Business , You should frame your boundaries before you start your talk on your trade / transactions. ( Very important )

-Managing funds - I can say its a top priority step whether you are good at financials or not . managing this will make your startup run smoothly. Being said that ( In India ) Even though there are 100s of advertisements on loans, you need to take out cash from your pocket & start your trade .

-Building a strong Relationship with your buyer is a very important skill in your startup , because today we are in the world of doing business on CREDIT ( no Harm if you give credit ) but you need to know your Buyer well ( Their financial background & Business background ) which every startup has to verify by themselves . Today we never know who goes bankkrupt either personally or through the business . A Consistent talk will give you the smell on the current situation of the buyer. ( I never say startup to do trade on CREDIT , But we are forced to do so as market is moving in that direction 😉😅)

- They Dont tend to supply the goods as per the buyers specifications . As they lack to understand or have less experience in Exporting the stuffs . If in case they are doing Perishable Goods they need to understand the Life span of the product , Transportation method , procedures to be followed while shipping , documentations etc . I have seen many Startups going Bankcrupt just because 1. they havent sent goods in the prescribed time frame . 2. a crap goods has been sent . From the buyers point of view , Not all buyers are loyal nor all buyers are fraud , it depends on the situation. if you have given a time frame of 6 days and you have supplied the goods after 25 days , then buyers seems to act according to the situation as the prices may have dropped and the prices given by you are higher . So the main cause from the buyer prospects ( when he tries not to settle your payments ) are 1. Prices have fluctuated , what was discussed when placed order and the time he receives the goods 2. Quality .

-Supply chain Management - Again this plays a vital role in the cash turnaround ( this is what makes money actually ) - Need to get in touch with RIGHT & GENUINE Supplier . Before you approach a supplier you need to know its Harvesting time , production time , where , how ,when its produced . Product knowledge is Damn Important . the skill of negotiation is the need of the hour 😆.

-Shipment / Transportation - Be aware especially in Mumbai ( Nothing to hide , lets be frank ) Whenever a startup approaches most of the shipping companies gets you a hefty Bills to settle , 1st time you talk you get a fancy figures , 2nd time its ok lets do , 3 rd time when you speak up , it turns out be on a higher angle so please be sure before taking any service from logistics , get in writing all inclusive cost .I have seen myself getting Trapped due to un-competitive / last time change in logistics cost. ultimately failing to do the trade.

-Keep your expectations low , very important . I feel that in exports people have high expectations on Margins . Obviously i dont say you to kick - start with 0 Margins . a Nominal margins allows you to do the trade peacefully

To wrap up , Maintaining all the above will help you to sustain in the market , and see the growth . I write this article with much Positive thoughts in Mind so that our Countrymen's Doesn't fall into the pit of failure.

You can leave your comments , you can ask any doubts / advises / clarifications leave in the below comments .

> Dont Forget to Share this with your eximpruners if you feel this is worth reading😃🙂

You can also join our group " " to learn & Keep you updated in Exim Journey.

Hope this article help you take appropriate decisions :)

Santhosh Raghavan

into the of , your in the sector of and by attending our @ on 9th , 2019 | 9 am to 6 pm. For reg...
04/03/2019

into the of , your in the sector of and by attending our @ on 9th , 2019 | 9 am to 6 pm. For registrations: +91 861-865-3443.

Learn through practical sessions, ask questions and directly consult India's eminent Experts, a full-day powerpact...
12/11/2018

Learn through practical sessions, ask questions and directly consult India's eminent Experts, a full-day powerpact for businesses and entrepreneurs covering all aspects. Only few seats left! Call 8618653443 for booking.

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