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THE THINGS YOU NEED TO START AN AGRICULTURAL COMMODITY EXPORTING BUSINESS

The non-oil export business is still at its primitive stage in Nigeria with a high potential for growth. The market still needs more Nigerians to explore it, especially Agricultural commodities. But, before you can start earning in this market, there are some preparation you should make. This blog will be emphasizing on some of the necessary things you should put in place before starting. They are:

1.Write a business plan. Starting an export business requires money and planning. A business plan is a vital part of any business loan application process and helps uncover areas that may require extra capital, travel research. For example, U.S. Commercial Services recommends having a Japanese business contact when exporting to Japan because of the language and cultural barriers inherent in doing business there. A business plan will help exporters discover this kind of information before making a costly error. 
 
2.Pick the product niche market and find foreign buyers. For new exporters, having market niche products is the best way to enter a new market, since competition from larger exporters is less likely. Deciding on the products requires researching and understanding the foreign market. To begin research on market niches, the U.S. Commercial Service offers trade profiles that describe a country’s business culture, buying habits and possible markets for U.S. goods. These country-specific guides also offer contact information and possible leads to foreign distributors.
 
3.Get financing for the export business. Exporting requires startup funding for such things as finding customers and products, joining associations, hiring customs brokers to help with the customs process, shipping costs, container costs, customs fees and surety bonds. Surety bonds offer financial assurance and, as a requirement for many countries, make sure the exporter can afford the customs warehouse costs. Other exporting costs depend on the product and target market.  

4.Choose office space. Image plays an important role in exporting. Foreign buyers and customs house operators feel more confident when they deal with a company that has a physical business address. Office spaces must fit the planned business model. A business plan will help in deciding if a large office or warehouse is required .  

5.Get some training. Starting an export business is a complicated and expensive enterprise. You should get some training in the process of Agricultural commodity exportation. Understanding shipping restrictions, common terms and custom processes is essential when choosing an import country and products. 

If you are interested in starting this profitable business, we are ready to assist you and make it a success.Subscribe to our NON-OIL COMMODITY(Agricultural and Solid Minerals) EXPORT BUSINESS START-UP CONSULTING SERVICE, send us a mail with the subject "REGISTRATION" to tosfatconcepts@gmail.com and we will send you the registration details.
 
For existing exporters of Agricultural and Mineral Commodities, we can assist you with our NON-OIL COMMODITY EXPORT BUSINESS MANAGEMENT CONSULTING SERVICE. Our solutions covers challenges in major stages of non-oil commodity export business. Let us know the challenges you are facing right now and we will be willing to help you out. Send us a mail for more information on this service.
Thank you for sparing your precious time in reading this report. To make inquiry or payment for any of our services, contact us with the following information below:

Phone: +234 80 38248 222
Mobile:+234 80 76000 259
E-mail: tosfatconcepts@gmail.com

To your Success,
Gbeke Faith    
Chief Consultant

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