Start import and export business in Pakistan. Many people want to start a business but don’t know where to start and if they do know how to start, they can’t decide what type of business to start. The import and export business is good in Pakistan and its growing very fast. Keep on reading and we will tell you import-export business ideas in Pakistan.
You can start an import-export business in Pakistan with a very small investment. Import and export business can be fun, imagine you are traveling the world and along the way you are making your business deals and it has no financial risks, how cool is that!
Short Overview of import-export business Ideas in Pakistan
Many countries rely on imports and export. This is because no nation can survive on its own without interaction with other countries. The import and export business is one of the oldest types of business in the world. Back in time, our ancestors used to trade different common things between them.
Every country makes some common products and some unique products. Just because of these products import and export business rises. Different countries have a different climate, natural resources, and development levels. Different countries have different products, differences like this always create new opportunities and with these new opportunities, we get import and export business plans.
Best 10 Import-Export Business Ideas in Pakistan for 2020
Following are the best import-export business ideas in Pakistan that you can consider to start the profitable business.
Selling Product Online
For selling products online we don’t need a large production line or a big company. we can even start with homemade or handcrafted products. As long as your product is unique and good you can sell it anywhere. The good thing about this business is that with the little investment and access to the internet you can start earning good money. There are many websites who provide product selling services online like Daraz, Aliexpress, Alibaba, etc. With the hard work and dedication, you can make this business big because this business has no limitations you can sell or buy anything.
Starting as an import and export consultant you need to know the inns’ and out’s of the import-export business. If you are good at market research and analyzing data this business is good for you. In other words, you can provide all the import and export services to your customers. Many companies don’t get into import and export due to lack of knowledge and don’t know where to start so they hire import-export consultants for this.
Spare Parts Importation
As the industries are growing fast and labor work is being minimized by machinery and use of the automobile is getting higher these days. All these machinery needs repair or change of parts or an upgrade, there arises the need for spare parts. You can become spare parts importer of any product. Spare parts are high in demand nowadays.
Electronics and Technology Accessories
New and improved electronics are the hot sellers in the world, it is actually the accessories that go along with Smartphone’s, laptops and other gadgets which is highly profitable products. You can import different electronics and the accessories to get your business started. Smartphones have become essential, everybody needs a Smartphone in the rising world of technology.
Also Read: Step by Step Procedure of Import and Export
Household items also create profitable import and export opportunities. You can import or export anything from picture frame to home furniture. In this advanced world, everyone always tries to make their homes comfortable and beautiful, you can become a home accessories importer or exporter to make their home beautiful.
Import and Export Market Representative
If you are an expert in a certain industry you can represent the company in other countries for them. Most of the manufacturers face problems selling their product overseas. The manufacturers love a smart and confident person who represents them in the market. So, this is a good business idea to represent the company and yourself recognized in the market and the world.
Also Read: How to Get China Visa in Pakistan
Customs clearance is a Big issue for companies. If you have knowledge of import and export customs, taxations and custom procedures and regulation then you can become a customs broker/agent. You don’t need much money but you need to have enough knowledge to provide the services.
Warehouse Renting for Importers and Exporters
Importers and exporters need warehouses or places to store their products. if you have investment or the property near railway stations, airports or seaports then you have a potential business opportunity. You can rent your warehouse or place to the companies and make a living out of it.
Also Read: Major Imports and Exports of Pakistan
Import and Export Inspection
Inspection is really an important job if you want to import or export your products. Before making any payments companies need to know the product they are buying is good or not, does it meet the requirement. For this, they hire inspection agencies. You can provide inspection services to the foreign buyers and give your review about the product, whether it is a scam or an authentic product.
There is a big risk involved in the business when you don’t have the knowledge to locate your cargo on the sea. Cargo tracking solution is about monitoring the location of your cargo while moving. You can provide tracking services to the companies, so they can know where their cargo is and when it is arriving and make their transport arrangements on time. This business helps you improve the efficiency of importers and exporters to make their deliveries on time.
Above we have discussed some profitable import-export business ideas in Pakistan. As these ideas will not get old in this changing world.