Are You Dreaming of Becoming An Exporter?
Export for BeginnersFirst of all, do your homework and know yourself. Realize that it is a commitment for a long, long term. Know your strengths and go for it. Outlined below is a guide to export trade:
An overview of Export Trade
Categories of Exporter
You can export Products/Services from Nigeria under the following categories:
- Merchant
- Agent
- Producer/Manufacturer
Challenges
As a beginner in the trade, you may experience some challenges. Some of which are:
(i) Lack of product and Market information
(ii) Logistics Management of export trade
(iii) Non conversant with export procedures and documentation
(iv) Lack of access to fund to start export business
(v) Lack of export culture
How to develop an export culture
Find below some of the ways to develop an export cu;ture:
(i) Ignorance about exports
(ii) Become aware of exports but do nothing
(iii) Start attending workshops/seminars/conferences to acquire export knowledge and
(iv) pick-up trial contract and begin to export
To start exporting, individuals, companies/cooperatives should seek further understanding on the following subjects:-
Registration with NEPC as an exporter
The Export Quotation
Product sourcing
Market knowledge