Setting up an import and export business in Thailand can be a major step to success in your business career. Thailand gives you a wide range of opportunities to start a business of your own. But, for success, you need to take care of certain steps in order to make your venture a grand success.
To give you a broader explanation of each of the steps read on!
1. Decide What Business You Are Willing To Set Up
Thailand is the land of opportunities giving you a chance to set up a business of your own. But, the first thing that you should consider is the type of business you want to set up. When deciding on the business you will have to keep in mind not only the profit but also the risks your business might be facing. Depending on these factors decide wisely and think about which business can you handle in the booming market of Thailand.
2. Get Your Business Registered With The Government
The government of Thailand is very strict with rules and regulations. Thus, if you are planning to set up an import/export business here, you will have to first get your business registered and achieve a license for the same. To help you get through the licensing procedure, you can easily contact any law firm in Thailand. Search for a reliable one in town and sign up with them as soon as possible.
3. Choose A Target Audience
After you have decided on the type of business you are willing to set up and have completed its registration with the Thai government, now comes the time when you have to choose a target audience for your business. Look out for what is demanded by the market. Once you come to know about it, you will also understand your target audience and thus be able to start your business.
4. Strengthen Your Networking
The profit and success of any import/export business depend on strong networking. This means that the owner should establish both foreign as well as domestic contacts in a niche. Though the step is time-consuming but exceptionally beneficial for your business. First of all, you have to create a list of all the foreign and domestic businesses in your chosen area and then start a good marketing campaign. When you do so, do not forget to follow up with them on conversations and agreements.
5. Determine Your Clients Needs And Product Offering
The contacts you have established from the previous step connect with them and get to know about their needs and the products they will be offering. Directly contact the manager of purchasing and sales to find out what products they have to offer to foreign buyers and what products are they willing to purchase from them.
To know more about the Thai import license and start your import and export business in Thailand, contact us at [email protected].
