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Yes, this business is profitable in terms of money and helps to build strong relationships with other countries and clients. One of the best things you can make with import/export business is the good profit margins to goods with the fewer investments.

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How to determine the Price of Your Product in Export

Once you have put everything in place, the next thing is to start selling your product. But before you do that, you need to determine how much you will be selling your product.

To arrive at the right price, you will need to

Take an inventory of all you had to do to get your product and the final shipping to the buyers and make a calculation. Make sure not to leave anything out of all you spent – all the export duties or even translation cost if you had to employ a translator – so you do not run at a loss.
You will then have to do a market research to see what price others are selling, what buyers are willing to pay and also the rate of demand. Sometimes, the demand might affect your price. A product on high demand will enjoy higher price than one without much market demand.
You might also have to match the prices of other sellers on the market if you have many competitors. This is because if you sell a lot higher than others, your buyers might walk considering they have many options.

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Available is bankable feasibility studies and financial analysis for the Agro export business in Nigeria

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Why Prepare A Feasibility Study Report?

Before you venture into any business, it is key you carry out an in-depth market research and then prepare a feasibility study report to help you minimize risks, while giving you an indepth knowledge of the industry you're venturing into.

Our market research and feasibility study report writing service is designed specially for importers & exporters to enable them succeed.

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Export Brokers:

This is the most popular, safest, and effective exportation angle to come in from. Here you act as a broker for either the importer or the exporter or both.

If for instance, the cost of white Sesame seeds from Nigeria $2,500 per ton, you could strike up a deal with a supplier to accept $2400 per ton or better still, you could source a buyer that would purchase from you for about $2,650 per ton.

Brokering any export transaction is the best way to approach the industry because, you can be exporting different products across various industries, and still generate far more profit margins than the people you’re brokering on their behalf.

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The feasibility report will look at how a certain proposal can work in a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.

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