Common Mistakes in Import and Export Business (Infographic)

One of the most thriving industry that anyone can easily enter these days is the import-export. With the right skill set and knowledge, one can grasp the unlimited viable opportunities that are present in the global trading industry. But as lucrative as it is to be an importer/exporter, it is also a challenging venture especially if one knows little to nothing about the major and on-going trends in the international trade market.

In order to be successful in the import-export industry, one must learn the pitfalls that most novice and even veteran trading business owners fall into. One example of the most dangerous and expensive mistakes when running an import-export business is failing to take insurance.

Many traders underestimate the value of getting the right freight insurance and often treat it as an optional expense. But with so much that can go wrong between the port of origin and the destination, it is only imperative to have your cargoes covered to ensure that you will not experience loss in case the worst happens.

Take a look at some of the most common mistakes in the import-export industry and learn how to avoid them in this detailed infographic by Excelsior Worldwide Freight Logistics.