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IMPORT/EXPORT
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HOW TO BECOME A MILLIONAIRE WITH YOUR OWN HOME-BASED IMPORT/EXPORT SERVICE A small import/export business can easily be started from a home-based office. Beginning slowly at home will help you to keep the start-up costs relatively low. And you won't need formal education. The earning potential for the import/export business can range from a few hundred dollars per month to many thousands of dollars per week. There are a number of insider secrets that you'll need to know in order to successfully begin this enterprise. Following is a step-by-step guide for getting started. There are actually few barriers to importing merchandise into the United States. You can buy from overseas all kinds of quality made products such as clothes, toys, computers, radios, clocks, stereos, shoes, and so forth. Most of the time, the items can be purchased at a fraction of the cost of buying the same thing in the U.S.A. due to lower labor costs in most foreign countries. Thus, you can easily enjoy huge markups from 500% to 1,000% and still sell your products at reduced prices. Over $50 billion dollars worth of goods are exported from the U.S. every year. Most are hi-tech items or food. In other words, products that foreign countries have difficulty producing for themselves. So there is also a tremendous earnings potential in exporting. However, overall it's probably easier for a beginner to start with importing foreign goods. Anyone can easily start an import/export business. But before you rush blindly head-on, there are a few questions you should answer: (1) Do you want to import, export or both? Most people choose either importing or exporting at the start? (2) Do you have any knowledge of international trade? (3) Do you want to start full time or part time? Generally, It's best to start part time. (4) Will you start with any particular type of products? You should select products that you understand and enjoy.