Type of businesses for Export Import Management in Mumbai

Trading is one of the most important pillars of our country’s growth and development. Exporting products that other countries are need of and importing goods and raw materials fall under the category of trading.

Our country’s GDP thrives on import and export. If you planning to move your career towards business and entrepreneurship it is necessary to take up export import management courses. Mumbai is considered to be one of the most important trading hubs of our country, hence it is important to get started with courses on export import management in Mumbai. When you take up export import management jobs you will be exposed to the following businesses that involve import and export.

Export Management Company

In this type of an organization, the internal team will take ownership of all export issues that a company faces. This company will hire distributors, dealers and representatives. The EMC will take care of advertising, arranging shipping, packaging of the product. This type of business will also arrange finances. An EMC can take the title of the product or good by just becoming the distributor too. This company specializes in product, location or both. These businesses are paid in the form of salary, commission or retainer including commission only if they take title for the product.

Export Trading Company

This type of organization focuses on what international buyers purchase or want to spend on products and what domestic business is willing to export. The ETC companies work on commission or take the title for distribution.

Import Export Merchant

In this type of business, there is an agent who is not specialized in any goods, sector or products. This agent will buy goods and products from a lot of domestic and international producers and will package, dispense and sell the product on his/her own way. After doing this the agent is capable of capturing all profits but the agent bears all the risk.

Here are different kinds of middle men that are a part of the distribution channel:

• A manufacturer’s representative can be called a salesperson who concentrates in the product or product line. This representative provides certain additional facilities like technical services and facilities related to warehouse and distribution.

-A Wholesale distributor buys various products and sells them off to a retailer for distribution.

-A Retailer is situated at the bottom of the distribution level. The retailer will deliver the products to the consumer.

When you study from an import export institute you will learn about these channels and different type of businesses. This study and knowledge helps to strengthen you base in export import management in Mumbai. If you are planning to take up export and import management jobs, you can sell or trade your product both directly and indirectly. Export import management course takes you through all factors and levels that go into trading in Mumbai, our country and foreign markets.

This article is to spread the word about trading importance. If you are considering a job in export import management in Mumbai, you should read more articles