50+ Lucrative Farming & Agricultural Business Ideas In Nigeria And Africa
Agriculture remains the second most important source of income for Nigeria despite the superordinate focus on crude oil production. According to a Statista 2019 report, Agriculture contributes to Nigeria’s GDP. With over 70 million hectares of land available...Continue reading
13+ B2B Marketplaces To Buy Or Sell Products For Your Import/Export Business To International Buyers & Sellers
Exporting products from one country to another requires a trade agreement between two parties located in different parts of the world. One is the importer and the other is the exporter. And while it may appear that finding credible...Continue reading
How To Set Prices Of Goods For Export Without Making Any Losses
Correctly pricing goods for export can be the difference between profitability/growth and losses/failure. When you price your products right, you take into account almost all the expenses that can be incurred, and in the process, ensure your business is...Continue reading
13+ Places To Buy Export/Import Data Of International buyers Already Buying The Products You Are Selling
Sales are the lifeblood of every business, and it is especially more important in the international trade business where the growth of the economies of nations are determined by the value of their international trade activities and where finding...Continue reading
6 Shipping Documents Mistakes To Avoid Making When Preparing To Receive Payment
In the course of every international trade export transaction, the exporter prepares a certain number of documents that have been previously agreed to be issued by them to the importer. These documents are usually important for the importer to...Continue reading
Key Export Shipping Documents And The Organisations That Issue Them
Upon shipping commodities from one port to another, certain documents are issued, and depending on what the product and its origin is, the issuing body of the documents will/may vary. If you’re a new or prospective exporter, it’s important...Continue reading
2 Hot-Selling Commodities That You Can Export To Make 100% Profit On Every Sale
Finding the right type of business to start up is one of the most difficult things many people have to face. As a result, 9 out of 10 businesses fail in 10 years, and most of the last ones...Continue reading
How To Make Thousands (Or Millions) Of Dollars Buying Commodities At Low Prices And Selling At The Right High Prices
Trading physical commodities has been happening throughout history. Whether it’s agricultural products like ginger, cocoa, cashew, sesame, or solid minerals like copper, nickel, lithium, zinc, or even petroleum products like crude oil, gasoline, gasoil, and more, their physical trade...Continue reading
6 International Commodity Testing Labs And Inspection Companies You Can Use To Guarantee The Quality Of Goods Before And During Export
Quality assurance is at the peak of the international trade business because international buyers want to know that the product they’re paying for is exactly or better than what they’re getting. Not worse. Since many international buyers cannot visit...Continue reading
20+ Likely Questions International Buyers Ask Exporters Before Doing Business With Them And How To Answer
Closing an international trade deal can take months and sometimes even years before an agreement might be reached. The reason is there are a lot of dynamics involved in the process from first contact till the final delivery, but...Continue reading
7 Logistic Mistakes To Never Make When Transporting Commodities
The entire process of sourcing and shipping commodities are all important to the success of every commodity trading transaction. From purchasing products at the right price to selling with a profitable margin, many activities happen in-between, but one vital...Continue reading
Three Entry Points To The European Market For African Firms
The last decade has been the golden age of startups. Starting in the US, and then shifting to Europe, Asia, and now Africa, entrepreneurs have taken advantage of the technological revolution and have launched their own startup business. Nowadays...Continue reading
7 Ways To Ensure You Maximise Your Profits On Every Export Transaction
They say never count your eggs before they hatch, and for good reason. In an industry like the international trade business, profitability could appear to be very high at first glance, then unexpected events, expenses, and even time lost...Continue reading
What To Do If An International Buyer Won’t Pay For The Commodities You Exported To Them
International trade can be highly risky or richly rewarding. And the part of the financial spectrum you fall into depends on how much knowledge you have in the industry, how much experience you’ve garnered, and what type of decisions...Continue reading
What Incoterms Rules Are And How They Can Help Your Import/Export Business Succeed: The Complete Guide
International trade is executed in many forms worldwide. The procedures could be based on CIF, CNF, & FOB terms that have been agreed to between the importer and the exporter. But while these terms are the most popular standards,...Continue reading