The world has come closer with globalization. And due to this, the demand for foreign goods has increased all over the world. From exotic fruits and vegetables to spices and clothes, or even machinery, you name it and you’ll find the commodity in the list of things that are being imported or exported.
And although import and export is one of the oldest businesses, it has grown at quite a fast rate in recent years due to technology, faster transport, and eCommerce platforms that make ordering stuff easier.
And as you are here, chances are that you are looking for tips to help you write your import export business plan and insights into the industry. So let’s get right into it.
If you are planning to start a new import-export business, the first thing you will need is a business plan. Use our sample Walter - Import Export Business Plan created using Upmetrics business plan software to start writing your business plan in no time.
Before you start writing your business plan for your new import-export business, spend as much time as you can reading through some examples of logistics and transportation-related business plans.
In 2019, the US trade industry stood at a humongous value of 5.6 trillion dollars, with 2.5 trillion dollars in exports and 3.1 trillion dollars in imports. And with the increasing impact of globalization, this number isn’t going down anytime soon.
The rise in exports and imports is due to the cultural exchange that is happening due to the internet and social media. Also, industrialization and urbanization in several countries is a major contributing factor to the growth of exports.
Things to Consider Before Writing an Import Export Business Plan
Do thorough market research
Market research is a necessity before getting started with an export import business. Do your research on how export import works, what are the necessary licenses, what are the most profitable items, what are the most viable products or services, what resources you’ll need, and so on.
It’ll help you understand what you are getting yourself into and prepare better for it. Hence, market research through books, newspapers, and professionals in the field should be your first step towards starting the business.
Pick your niche
As we all know, several commodities are exported and imported, hence you need to pick a niche before getting started. Pick a niche based on what’s profitable, your expertise, and other relevant factors. Niching down helps you develop a certain level of knowledge for that area which eventually gives you an edge over your competitors.
Know your target audience
Now as you have picked your niche, the next step is to know everything about the target audience of that product or service. Try to find out everything ranging from what kind of products do they prefer, what attributes grab their attention, how do they place orders, and how they reach out to people, and so on.
Get permits and licenses
Import export businesses need a few permits and licenses to facilitate trade and to ensure that you don’t get into any legal hassles. Make a list of all the documents you’ll need and get them before you start your business.
Chalking out Your Business Plan
Reading sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.
We have created this sample Walter - Import Export Business Plan for you to get a good idea about how a perfect import-export business plan should look like and what details you will need to include in your stunning business plan.
Import Export Business Plan Outline
This is the standard import-export business plan outline which will cover all important sections that you should include in your business plan.
- Executive Summary
- Business Overview
- Products And Services
- The Market
- Financial Considerations
- 3 Year profit forecast
- Keys to Success
- Business Summary
- Startup Summary
- Startup cost
- Funding Required
- Company Ownership
- Products and Services
- Market Analysis
- Service Business Analysis
- Market Segmentation
- Market Analysis
- Competition and Buying Patterns
- Buying patterns and needs
- Service Business Analysis
- Strategy and Implementation Summary
- Sales Strategy
- Sales Forecast
- Sales Yearly
- Marketing Strategy
- Sales Strategy
- Management Summary
- Financial Plan
- Important Assumptions
- Brake-Even Analysis
- Projected Profit and Loss
- Profit Yearly
- Gross Margin Yearly
- Projected Cash Flow
- Projected Balance Sheet
- Business Ratios
After getting started with Upmetrics, you can copy this sample import export business plan into your business plan and modify the required information and download your import-export business plan pdf or doc file. It's the fastest and easiest way to start writing your business plan.
Ready to Start Your Planning?
Now that you know how to write a business plan, it's time to create one for you.
Remember that problem and market analysis are essential, but implementation is what counts. Go through the process explained in this guide to start planning for your business.
We have created Upmetrics — business plan software to simplify the process of business planning.
Our business plan builder allows you to write and customize your business plan. Our sample business plans and inbuilt help tips will help you to get started with your writing even if you are no expert. Our business plan sections and charts will make your document visually attractive.
Our financial forecasting module will create all the essential reports automatically. You need to enter numbers, and the application will do all the math to generate all your financial statements. Later you can embed those reports into your business plan.
After completing your business plan, you can download your business plan in PDF or DOC file with Upmetrics. You can also share it online with investors just by a quick link.
Customize your Business Plan
All businesses are different. So, don't hesitate to customize your business plan according to your requirements.
Even though our sample business plans are to help you create the perfect presentation for your clients and investors, it is finally up to you to decide how you're going to present your ideas in the best light.
Business Planning Resources
We have plenty of free business planning resources available to help you with your planning. You can download our resources to learn all about business planning.