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Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
First you decide what product you want to import and market in India, only after this you can start your import from China, as in china everything is available, and also Chinese products can be best and worst in quality, it all depends on how much you pay, that much will be the quality.
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
Hi dear,
Your Website Seems (NRGRESOURCE.CO.IN) to domain park, First publish your service in your website so people can find detail
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
Are you interested in Blinds and fabrics?If so we can offer you.
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
u r right
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
we can assist you in importing steel scrap, there is avery good possiblity now
rgds
I have couple of ideas for this. If you haven't freezed anything, we can discuss it over.
Regards
Shah
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INRHot Topic Recommend
Pls locate and focus your idea to Tamilnadu,I will ensure you will became a healthy businessmen.Lot of business opportunities in Tamilnadu region.
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
Hello Hm,
Well, its good to know that you want to start a business. In a way right now would be the best time to start up any kind of business, since most of the competition is going out of business.
Now as many have already mentioned that you first need to figure out what exactly you want to do. As far as it goes to Import business, hold yourself back on that one for a while, till the rupee regains its strength, and untill then you need to figure out what you want.
As far as western india goes, they are more adapt of accepting anything from abroad, so you can basically copy anything from the west that might work out in India, currently its more or less lifestyles, furniture, food, etc.
But the more important question that you need to ask yourself is, what kind of profits you want, how much are intending to invest on the monthly or quartlery basis, since for a import business 25lakhs are not a whole lot of money, but for a re-selling business its good enough.
Quoting from [hm]:
i want to start a trading business in India by importing and re-selling locally, want to know what are the current opprotunites, particularly in western India, my capital base is only 2,500,000 INR
part 2
So whatever you do start of small, small enough that you at least have 50% of your money still in your pockets, in case something goes wrong.
As far as it goes for your steps of finding the right business.
1. Go around places and watch business, relate them to your ideas and find the missing piece. (takes a while, to find it, so don't rush, its your money after all)
2. Once you think you have an Idea, go see around if anyone is doing it or not
- if so then find that business and get all the info
-like product selling price, volume of sales
3. Now you should find out what the wholesale price would be, try to find out suppliers
-sometime you need to go around asking since not all local suppliers are listed on the
net
4. By now you should have your wholesale price, now relate it to the selling price and find out your margins and multiply that by the estimated volume (always keep it lower then the competition). If the margin suits you then I guess you found your business. Ah, and don´t forget to deduct the taxes from your profit.
5. Unless you thinking of openining a shop or something, then you should also include the all the cost related to that, rent, construction cost, and decoration cost.
I am sure I have left out some points, but in short this are the 5 steps you should go through before doing anything.
Hope that helps you out.
Peace people