How to start an Export House?
Since Export House is a company that helps to establish communication between the International and the domestic market, it has many roles. The steps to start an export house are as follows,
1. Analysis of the Market: Those who want to open an Export House, first need to analyze the market. They need to identify those products or services that will have a positive impact on the market and will attract a large number of customers.
2. Establishing a Plan: After analysis of the market, the team now sets up the business plan. In this plan, they highlight the aim, goals, targets, and services that will be provided to the customers.
3. License Application: After chalking out the business plan, the team now, completes the necessary registration. They apply for licenses. For instance, in India, if a person wants to open an Export House, they need to apply for a Pan Card, Importer Exporter Code, etc.
4. Establishing Infrastructure: Now, these houses establish the infrastructure. They establish their offices near the shipping locations. They also set up Logistic offices as well.
5. Recruiting Resources: After setting up the infrastructure they recruit resources. Manpower is a necessary part of Export Houses. They recruit people for Customer services and other services as well.
6. Establishing Connection with the Target Companies: The Export House now contacts the target companies. They establish partnerships with suppliers who are interested in selling their products in the international market.
7. Marketing and Sales: The Houses now target the audience and sell the products or services. They are also responsible for the pricing of the products and quality control.