Hello friends, I am your friend Narendra Maheshwari, and we have been asked a big question.
A friend of ours asked us, “I have knowledge about import and export, and I am very happy about it. However, I don’t have the money. How can I start importing and exporting without money? Please advise.”
Look, my friends, if you have some understanding of import-export work and are in the process of learning and gaining experience, it is possible to get involved in this field even without investing a lot of money. If you find yourself in a situation where there is no money, I will guide you on how to continue pursuing your import and export business.
The simple way is this: for any business that is facing financial issues, there are two ways, as I explained in the previous video. However, an important question arises: have you completed the necessary tasks necessary for the business? Have you registered your business? Have you created a website and completed the other requirements? If these basic things are not done, people may hesitate to trust you. Even if the buyer is willing to give an advance, they usually do so assuming that the business requirements have been met, such as registration and access to the website. Without these points, marketing becomes a challenge. On the contrary, if you complete these important tasks, you can look for someone who is willing to invest in your business. Look, if you have laid the necessary foundations and you meet the requirements, your next step is to find an investor. Cooperation and collaboration are often the best approach, especially in the early stages. If you have a small group of friends – three or four people – who can work together, that is very useful. Collaborative efforts are critical in the early stages of the program. Register the company, make your contribution, and work together.
If partnerships aren’t possible, make sure your business model is well-prepared. Clearly define the product you want to produce, its cost, expected profit, and international market value. With this complete plan, approach the investor and present the product, detailing the acquisition cost, market price, and expected profit. Come up with an incentive plan to attract the investor, insisting that their investment will give more return.
Remember, diligence is key. If I, who started importing and exporting without any knowledge, can succeed, so can you. Have courage. Thank you.
