One of the common questions that comes up when planning to export from India
is what would be the minimum investment to start an export business? You don’t need to be a big manufacturer or an existing exporter to take your business global. Planning the right way can help you start an export business easily with minimal investment. As you understand the international markets and customers, you can expand your business further. A key point when planning your export business is to estimate the financial requirements. Below is a list of few requirements that can help you get started:
• E-commerce exports can help you sell internationally at relatively low costs. Register with Amazon Global Selling and pick the most suitable selling plan - individual and professional. Know more about the cost to export with Amazon here
• To export from India, Import Export Code (IEC) is mandatory to get all licenses and documents. You can obtain an IEC from DGFT website. Read this free guide to understand IEC application.
• Find a logistics and fulfillment partner to ship internationally
. As an Amazon global seller, you can opt for Fulfillment by Amazon (FBA). With Amazon FBA, all you have to do is ship your products to Amazon’s international fulfillment centers. Amazon stores, packs and delivers products on your behalf.
While these are a few requirements, depending on your product category and destination country, you might need additional licenses and documents. Know more about export documents here.