How do I go into Cocoa Export Business ?
I would like to know how to go into Cocoa exportation business. I would also like to know what the standardization requirement’s are to be able to export successfully. Thank you.
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Going into export of any sort is capital intensive and at the same time non capital provided you know what it entails. Would try and break it down for you to understand in the simplest way.
- Register your company: It’s the bedrock of every successful exporter
- Register With The Nigerian Export Promotion Council (NEPC)
- Register With Customs By Completing The Form NXP
- Obtain Special Licenses And Permits For The Goods You’re Dealing In
- Make sure your goods are not on the prohibited list
- Partner With A Freight Forwarding Service Company To Ship Your Goods
- Register on many International Trade Exhibition
- Plan to attend many Trade Fairs as possible
- Explore all options on the Internet to advertise your Product
- Register With Export Promotion Councils (EPC)
You could also be an exporter even if you don’t have enough capital to start big, for starters you have to align yourself with the big players in the industry. So all you need is to source from a reliable supplier, it’s not always easy but in the long run it will eventually pay off.
And just you know starting an import/export business in Nigeria comes with both its pros and cons. If executed well, the seller could rake in a whole lot of money. But if not well managed, significant losses could be recorded. Good l
Also you must not be in a rush to start as it can lead to heavy losses. Take your time to carefully register with the relevant authorities. Due attention should also be paid to your supply chain to guard against sudden interruption of supply. Your demand which in this case is a the foreign client should be reliable. It will also do well to seek multiple sources of demand to be on the safer side
Follow the above advice and make sure you are really ready for this. You don’t want to get tangled in a Legal case. Its a million dollar business. However, you have to your home works first.