We all know import export business has been nothing but the most rewarding one out there; more so, if you are in the right place at the right time doing the right thing. There are umpteen business opportunities to start with and one can easily master the international trading business if one puts 100% effort. READ ON to know more.
Import Export business has always been a well-rewarding business especially if you know what you are doing. We have curated some business ideas for you to look into. The added advantage of these businesses would be anyone can do them, you don’t have to be qualified to run the show. All you need is your goal and perseverance to get there. Here goes the 7 top business ideas to look at this New Year:
1. Sea food exports
Unquestionably, Norway is one of the largest seafood exporters in the world. We would highly recommend you to exploit this niche market. As we know, Norwegian salmon and cod seem to have been a well-received ingredient for sushi in Japan and elsewhere. The United States of America is the largest importer of seafood from Norway.
It has been found that there has been a whopping 40% increase in the seafood export from Norway and it is only said to grow further. It’s about you entered into this industry.
2. Agro products import
Norway is known for importing spices, pulses, some fruits from Asia. Albeit, having subsidies for the agriculture business, Norway still strives to meet the demand and supply. Furthermore, the weather conditions in Norway is not suitable for many spices that are best grown in tropical conditions. These reasons give you a leeway to dive into importing agro products to Norway.
Having said that Norway grows some of the exquisite fruits in the world. Nuts and dry fruits are other products that might suit your interests in developing an import export business in Norway.
3. Clothing import
Importing clothing is one of the mains in the import export business of Norway. Clothing cannot be produced at a cost that some of the countries in Asia provide. You can, without a doubt, look into clothing imports. You might have to pay heavy duty to import clothing, but this will be nullified if you import from countries that have free trade relations with Norway.
4. Import & Export Cars
Norway car import export is another niche market. You can look at exporting used cars to other countries at a better profit due to the tax exemptions that many companies offer for used cars.
Norway imports cars from various parts of the world. Norwegians prefer state-of-the-art feature rich cars that are exotic and affordable. You can deep dive into this, do you research, and start your import export business with cars.
5. Dropshipping
Dropshipping business is one of the businesses that has a growing demand. This is because you can do business online. Also, it does not require huge investments or capital like most other businesses do, neither do you have to maintain an inventory of the products. You can run a reputable business with dropshipping. There are millions of items that can be drop-shipped out of Norway. All you need to do is find the right connects to start your business.
6. Coconut import
Coconut products are increasingly becoming popular in Europe. All products made from coconut are truly useful to humans. Right from the water to oil to the husk of the coconut, everything has its commercial value. You can import coconuts in full and then sell them to retailers, or sell coconut water separately or make oil out of it or make beds out of the coir. You have a wide range of options to choose from and decide your business path. Coconut is a magical product for you and your business.
7. Compliance
Though compliance may not sound very relatable to the topic we are talking right now, trust us compliance is a talent that can be exported to businesses outside of Norway. Today, a lot of businesses face issues with complying with various trade related regulations. If you can cater to the needs of these troubled businesses, you’re in to make a perfect business out of it.
Conclusion
We highly appreciate your need to start your import export business. It’s about time you invested more time in it and decided what you wanted to do. Import Export is a wonderful business with the most rewards a business can offer. We would also like to highlight that it is also about you doing your research and making the right decisions. The Royal Group has been in the business for quite a few years now, do get in touch with us if you need support for your business.
