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Korean: 한국 고객을 위한
Staff Answer
Feb 04, 2020 - 08:07 PM
Hi,
Thanks for your question. Please find the answer below -
As a broker, you can earn profit through commissions. The commission will vary depending upon the nature of the product, profit margins for each item and transaction relevance. Here are a few suggestions on how to make a profit as a broker:
Determine products for the export: In order to earn through export business, one needs to identify products priced at a reasonable rate in the exporting country and the same product priced at a higher rate in the importing country. This should be at least 35% or more expensive in the importing country as the import duties, freight cost gets added. Determine products for import: You need to identify the same as above but viceversa. Identify commodity cheap in exporting country and costlier in your country.
Search for your potential customer: Finding potential customers is very important. You can use go4worldbusiness.com to find trusted and genuine importer and exporters. Choose your role: What role as a broker do you want to play? Do you want to be a middleman between importers and exporters or you want to take up the task of entering and clearing goods from the overseas market? Once you decide your role, you can charge for the service you'll be providing.
Hope this answers your question.
Thanks and regards,
go4WorldBusiness.com Team
Thanks for your question. Please find the answer below -
As a broker, you can earn profit through commissions. The commission will vary depending upon the nature of the product, profit margins for each item and transaction relevance. Here are a few suggestions on how to make a profit as a broker:
Determine products for the export: In order to earn through export business, one needs to identify products priced at a reasonable rate in the exporting country and the same product priced at a higher rate in the importing country. This should be at least 35% or more expensive in the importing country as the import duties, freight cost gets added. Determine products for import: You need to identify the same as above but viceversa. Identify commodity cheap in exporting country and costlier in your country.
Search for your potential customer: Finding potential customers is very important. You can use go4worldbusiness.com to find trusted and genuine importer and exporters. Choose your role: What role as a broker do you want to play? Do you want to be a middleman between importers and exporters or you want to take up the task of entering and clearing goods from the overseas market? Once you decide your role, you can charge for the service you'll be providing.
Hope this answers your question.
Thanks and regards,
go4WorldBusiness.com Team
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