If you’re interested in entering the exciting and lucrative world of basmati rice export, you’ve already taken the first step in making your business as successful as possible. Starting any new business venture can be challenging, but it’s especially so when you are trying to break into an industry that isn’t familiar to you and when trying to do it from overseas. In order to ensure your success, here are five tips that can help boost your basmati rice export business from the start and make it a profitable investment for years to come.
1) Start With The Basics
Organic basmati rice is one of India’s oldest and most popular varieties of rice. Aside from being completely natural, it also has many health benefits thanks to its many nutritional components. With that in mind, here are five tips for boosting your basmati rice export business: Focus on quality over quantity: Although having a large customer base is a good thing, don’t lower your standards just because you want more customers. Instead, do everything in your power to get one new customer at a time without sacrificing quality. When you only have one customer, deliver great service. The same holds true when you only have three or ten customers—always make sure they’re happy!
2) Plan Ahead And Aim High
An old Chinese proverb says He who thinks he can and he who thinks he can’t are both usually right. When exporting basmati rice, it’s important to have a plan (after all, business is nothing without vision), but it’s also important not to get so caught up in your own plans that you’re afraid of aiming high. In fact, don’t just aim high, but over-shoot. It may seem counterintuitive, but overshooting your goals gives you more room for success.
3) Make Friends In The Industry
It may seem obvious, but relationships are a vital part of doing business in any industry. If you’re looking to boost your export business in India, it’s a good idea to make connections and friends within that industry before trying to start working with them. Not only can establishing solid relationships help you navigate problems if they arise (and they likely will), but those you work with will also be more willing to help you out in a pinch—the old It’s just what we do for our friend’s mentality. Make sure your connections aren’t all at one level, either; having different levels of friends within an industry makes sense as you move up or down based on need.
4) Do Some Networking
Keep up with your contacts in other rice-growing countries. More opportunities mean more options and more profit. There are many varieties of rice around the world; each country has its own specialty and therefore its own supply/demand ratio. Some may have cheaper land, some may have lower taxes, and some may just be closer to consumers.
5) Know Your Market Inside Out
If you’re trying to import rice, your local market knowledge is critical. That’s because you can’t just go out and buy rice—you have to sell it first. You need to know where people buy rice, who they buy it from, what their needs are and how often they buy it. All of these factors will have a significant impact on how much time you spend preparing for importing basmati rice from India and your overall profit margins. Research each step of your supply chain carefully so that you can get your product into stores quickly. That way, you can still sell at a premium price before other sellers undercut you.
Pro-Tip: Skip All The Above Steps
Skip all the above steps by joining Tradologie.com. The world’s first next-generation digital trade platform for agri-commodities and food products. The best part is it connects buyers and sellers directly without middlemen. You get instant access to thousands of buyers and sellers and can start trading within minutes. The platform has 575,000+ verified buyers and 60,000+ verified sellers from all over the world. It’s the best place to buy and sell rice around the world. This is a grand opportunity for sellers and exporters to expand their Basmati rice export business.
Why Basmati Rice Export Business is Better Than Other Rice Export Businesses?
Basmati rice export business is a big and lucrative business. It has been one of the most profitable businesses in India. The main reason why this business is so profitable is due to the fact that it is one of the few industries where you can buy your products directly from farmers and then sell them at a much higher price than what you paid for them. This makes the process more efficient, which translates into more profit for you.
The second reason why the basmati rice export business is so profitable is because of its natural advantages over other products in terms of the sales price and quality. Basmati rice is known for its taste and aroma, which makes it one of the most sought-after products in the world. In fact, it was once regarded as an elitist product by consumers around the world because of its high demand and price tag.
Another reason why the basmati rice export business seems so lucrative is that it requires less work compared to other types of businesses such as manufacturing or retailing. This means that even if you have limited experience with these types of businesses, you can still start this type of business without any fear of failure because there are only two major steps involved: finding potential buyers who want your product and then selling them.