Steps to Start a Trading Business
Ride in the challenging task of starting a trading business. Get to know where to begin from forming your strategies, selecting your product, gathering data, to making your first transaction.
The first step on starting a trading business must include acquiring at least basic knowledge relatively connected to the structure of the industry you want to penetrate.
You must be equipped or even learn the tools in managing it. Hence, it is worth considering which set-up format will suit you best for starting your business.
The first is to select your product or product line. In doing so, it is advised to determine first where your passion lies. Trading requires a lot of dedication and having a strong foundation for putting up the business will do great help. Also, if your trading business is in line with what you want and what you know, there is a high possibility that you can handle and run it successfully. However, along with this, see to it that there is an opportunity for succeeding in that line of product, study the trend in the business.
On selecting the product to trade, make sure to have a focus on a specific product or product line. This goes especially true to start-ups. Be concentrated first before entering the intricacy of the business.
However, focus does not necessarily mean being narrow-minded. You still have to be open to possible ventures or expansion of the business. Have a forecast for your business early on, so you will not be surprised by what else it can be.
After selecting your product, gather as much data as possible. In any given situation, the data you have gathered determine the quality of your decision. You must be careful in analyzing and manipulating the data you have gathered so that it will lead you to proper information that will help you on coming up with decisions for a better direction of your trading business.
It is very important to have in your data the list of possible suppliers and potential clients together with their location and contact details. Once you have a list of your contacts, you may now start your first transaction, which is to sell your business. Trading business is a two-way process. You have to sell your qualifications, your experience, and your edge in the market so you have customers in return.
Trading is a very competitive field. Expect some difficulties in getting an agreement done as well as the risk you are gambling in every deal and transaction. You have to build a strong relationship with your supplier as well as your clients. Your suppliers trust you to put their products in the market while buyers expect you to deliver what they need.
After the first positive contact transaction, comes next is to look for buyers. Bear in mind that a successful transaction lies with having good interpersonal skills.
170 Comments
- chaibasa, jharkhand, india. i want to start a green house project in in chaibasa,so how i should start it. what should be the steps that i should take.
- Hi , i am from Bangalore , I want to start Trading Business (Iron Ore) will any idea pls mail me thank u
- salam i am from pakistan i read your article about trading and interested in doing trading. i just did bba hons recently i do not have any particular knowledge about a particular product. can you guide how can i choose a product to be traded and how should i take step??? kindly mail me. thank you
- my business location s india pune and the product i want to trade is hydraulic and pneumatic rubber seals. orings and other teflon products
- i'm dealing with hydraulic spares in tamilnadu, if you are interest mail me Mr.sujitkumar
- Hi, i am from Canada, i want to start trading business (Beans)to the meddle east , Is there any idea how to start where to look for ,Please e mail me . thank you
- Hi, I have read with a lot of interest your tips on how to start a trading business.I have an MBA qualification and would like to venture into trade in Timber across East and Central Africa. Is there any idea how to go about it?
- I am from india, and going to starting electrical trading soon, and your tips are useful, pls guide it more precise way. E-mail your tips to naseer117@gmail.com
- Hi I want to start a trading business in Foodstuff in Goa India. Importing from Dubai, how do i go about it? Do i register a trading company in Goa? Which Dept. to approach? How much does it cost to open a trading co. in Goa approximately?
- Hi I am A Prasad from india let me introduce my self worked as Sr. HR in an IT firm. i would like to do trading business which is related to natural mineral resources and have good contacts in india to sell the different minerals to around the globe. Looking out for good and long term business relations with other counter part. I can get good sources in minerals like Iron ore, Manganese, copper etc. and other food products. I like to know whether is there any company or consultants want hire or utilize my experience services and contacts for expansion to do business in India. Please feel free to contact me mail anjanh99@gmail.com
- we are a trading house in mumbai ,India. we generally export Handicrafts items ,pearl jewelery & Leather items ex.premium quality leather jackets etc. If anybody interested pl let me know.email me on virgintraderss@gmail.com
- could you guide me as to how to start a trading business in UAE.
- Hello. My name is D.Dewani. I am planning to open a trading company of crane control gears here in Mumbai. Let me know if there is any takers..:)
- If I want to start sewing and altering dress business at do I need any permission from city. I live in northeast, usa. Thanks.
- hi i'm having a pet shop an i want to get in a trading business means invest low an profit more can help
- Hi, i am from Ranchi i want to start Trading Business (iron ore) will any idea please mail me thank u. jharkhand(india)
- hi... i m from karauli(Rajasthan).i want to start business of solar energy .so plz mail me if u hav any idea.
- I want to start a trading business in electrical & industrial sector, in odisha so can you please help me out to know from the beginning of business means how i can start and how it will smoothly move.
- i want to start a trading of electrical appliances & accessories .so please help how can i get trading reg.No., tin no., isi no. etc
- Almora in Uttrakhand in India. Small place but radius of 50-60 km. is having Nanital, Ranikhet, Mukteshwar, Binsar & Misty Mountains. I am having no funds at present with me , all i have to start with financial institutions help. tell me how i can establish a small Mall in this area. tell me what are the Govt. of uttranchal/uttrakhand & Indian Govt. formalities. Now my age is 56.
- I want to start trading business for Industrial pneumatic product i.e I will take dealership from an all india distributor , they are importing from other countries. Whether I can operate from my residence or I should have shop. Location - Aurangabad - Maharastra.
- am mechanical engineer working in government. experience in water projects , hydraulic pnuematica , solar system.. want to start my own business in construction and in trade and Import and export. if any dedicated well experienced interested guy want to share or cooprate or to be partner in the foundation plz contact me at amanh070@gmail.com express your details and info . thx by the way the business can be changed to other field if assuring profitably of project. thx
- Hello Sir I am planning to start trading of Packaging Products, I just want to know what are the formalities i need to complete for the formation of company. there will be no manufacturing done at our end we will just be acting as a middleman but we have to raise a invoice of our company.. our location is mumbai, maharashtra, india
- Pls. Send me iron ore trading business details and total project details. Thanks
- hello sir i have trading textiles business. i am confuse how to start a trading business of textiles . sir give me some suggestion in trading business of textiles . how to start and what procedure . thank you, jagdish parsad
- Hi am Zahid from Lahore-Pakistan, have good experience in Leather garments and leather chemicals trading business, has been working for almost 12 year in this industry, now i want to start my own trading business, can someone help me to develop? thanks
- I have an experience of 10 years for Iron ore trading. If any body like to consult regarding the same , please mail to me. Feel free to contact vide. 9830503500
- Hi , i have 20 yrs of exp. in Marketing , would like to start Online Trading in Medicine....give your tips
- hi, i want to start the trading business in pnematics in Delhi, can u tell me which product is used maximum in any industries, and please share me ur views how to make contacts from any manufacturing company. thanks
- Hi there, We are an Iranian producer of petrochemical products. We are going to establish an office in India or an Indian company for starting to do trading in India. We are in feasibility study stage so I'd like to know if it is possible for us to do and to know a good consultant company. Thank you & Best Regards.
- I am looking for Running Business trading or Small scale Industry in Partnership in our own industrial land in Bangalore-22. India,.Feel free to contact 9845717311.
- Hi, i am looking to start trading business in pune if is there any ideas for same please late me know amol.dhagle@gmail.com. Thanks and regards, Amol dhagle, 9423546234
- hi, i am willing to do trading business in medical equipments & consumables in delhi & ncr. I wish to know how to establish a new firm & how to get it registered? please mail me soon....
- Respected 'Sir' I want to start my trading business on tea marketing and teddy manufacturing for rural women, i need your help for training of teddy manufacturing, also how/way to start trading business, if there is any govt loan of subsidy then plz give me details about that, i am soumen misra ( MBA Marketing)West Bengal,Midnapur at Ghatal
- Dear friends, I am in Pune and very much interested in doing business (trading / production). Please let me know if anybody wants to expand in Pune. prakashchaudharee@gmail.com
- Currently the Managing director of spec-chems consult. we trade on cosmetic, Industrial chemicals in Nigeria. Considering the versed business opportunity we will like represent any good company from India. Any interested company can reach me on this mail for further business discussion.
- Dear friends, I am from Malaysia, actually I am property agent, I meet lot of people from all the field. I can find and contact the respective trading product you need or export, wood product.any interest person having the product or need the product can reach me on this mail for further discussion.. tarama52@yahoo.com
- dear sir, I want to start trading/distributorship of diapers in delhi. So kindly provide me the step by step process to start my distributorship business. share ur valuable advice to me. Thank you
- Hai i am doing trading in madurai, i have buyers and sellers in hand, Location madurai, Taminadu. I want to know how can i run it for todays trend. Basics and Modern trend.
- Hi , i am searching for a small trading business please help me out. Thanks Rakesh
- hi, i am starting up trading business, plz guide me the proper product that i should choose and gain more profit,
- Hi, I am doing trading in Hong Kong and my company name is So Nice Trading Company and have an experience of 10 years in electronics, watches and garments. looking forward to find more customers to expand my business. We can help to source any product from china. You can contact me at following no also +852-62063497. Thanks, Onkar Singh
- HI i am from chennai medavakkam, i want to start food products industries examples dried mixes, some sauces and liquids. pickles. would like to interested pls contact me
- i would like to start my business in share trading through under my own company name. so if it's possible than what is the process to register my small business at new delhi india. 110074
- Hi, i am from Uddav. i want to start Trading Business (read marde cloth and Malt cereallgrain) will any idea please mail me. 8802762987
- hi i am kamal from coimbatore pls mail me the details for starting trading business.. thank u...
- Start up finance available for those with solid and feasible projects. should have experience in related industry and knowledge of complete know how. send email to sdawoodani@gmail.com
- Hi I am from Islamabad Pakistan, I wan to start my own business of any type, if some one suggest me to do some kind of business in Islamabad, I shall be very grateful on my email as above
- hi i am from jaipur rajasthan i want to start my own business of trading, i want to start a small business in trading of hydraulic and nailers product. plz help me
- hi, i am going to start a textiles & handlooms trading business @ vv puram, Bangalore. i am already through with the rental agreement. i am running the same business @ andhra pradesh. in bangalore i want to start as a branch office, keeping andhra office as head office. kindly guide me the further formalities at the earliest.
- hi i am from the philippines. would like to start a business about trading. Right now i am working as QA head of a packaging company. Can you suggest something of a product that would fit on my starting business....thanks much
- Hi am B. Nalage, 15 Yrs in B2B marketing. Want to start a small trading business i Pune-Inadia. Any have an idea. may call me at 9922932535
- He I am planning to start up new business in India .linking Dubai via trade ,so can u suggest me with the goods to import or export .and how does it work the complete system ,registration, links, product, transport, investment, benefits, losses, documents, and if not Dubai then which other country with their requirement .
- Hi. I'm Thrilok from Hyderabad. I am in plan of starting a trading company in industrial products. I already approached a compressor company, it is almost at the edge of finalization. Could you please suggest any specific and new trend idea to capture market permanently in slow pace. please share your suggestions to my email id chintha.thrilok@gmail.com
- Hi I am staying in vapi I want to start a trading business please suggest me the product.
- I want to introduce myself as Manoj Kumar KS and put up in Bangalore with 10 years of experience in sourcing and manufacturing of different components. If you want any inputs or If you want to manufacture any component you can let me know. I can manufacture for you in Bangalore and send to your place. My email id is manojkumarengg@rediffmail.com
- hi. i want to start trading of furniture fittings metals from my state to another states so can you please suggest me which type of registration and license or any legal requirement i have to fulfill for starting the trading. Kindly explain in brief for making me understand better.
- I want to start trading business in pune in engineering products. Can anybody guide on this? COntact: 7756017588
- Hi, I am in pune and i am planning to start my own trading firm for industrial products if u have any idea or any suitable products please contact me on my cell: +91 9823900054
- Hi I am from Pune I want to start a trading business in house keeping products please suggest guide me.
- Hello, I have been seeing your column and this really helps so please help me as well... As i am planning to devote myself into Garment and Fashion Accessories but in small scale. Though i have lots of sources where i can make samples to produce my product but M really confused as nobody guides me well , therefore i kindly request you to please help me with this. I will be really be grateful to you. Best Regards. CHARUL DHEER. (Fashion Designer) 9015992664
- PLEASE ADVICE ME .... I really need help to start up my own small scale Fashion business with zero investments. PLEASE..
- Chemical trading. Which document required? Which number required VAT CST GST. AHMEDABAD GUJARAT
- Dear Sir, i would like to start trading business in industrial safety products for supplying to industries in Maharashtra state from Pune, India. Pl. guide, thnks, kumar
- Hi I want to start marketing business of fruit pulp. Help me which are the steps involved to start such business.
- Hi, I want to start a marketing of Ayurvedic and Herbal Medicine and cosmetics in India. advice me the complete procedure of registration.
- I am a chemical engineer. working as a production engineer in a chemical company based at Ankleshwar. I want to start chemical trading ,Can anyone help me how to start it and which products would be best.. mail ur review on amits.2410@gmail.com
- Hello, I am shailesh from Pune, I am looking to start some business may be in environmentally sustainable products or fast growing industries like interior products, solar, LED, organic products. If anyone has any ideas or opportunities kindly let me know. 9823829910 (shailesh.jakhotya@gmail.com)
- dear sir, I am looking for trading business in metals, sheets etc. so can you help me for initial steps for starting trading like for any documentation etc. pls mail me
- hi, i am banshidhar Jena from mumbai india, having MBA degree with 7 year of experience in high level management.. want to start my own business in textile trading in east india orrisa and westbangal guide me..my number is +91-9004961910
- I want to start chemical trading business in Mumbai. Please guide me. Manan Kothari Contact No. 9819607714
- i want to start trading in clothing business in delhi/ncr i have no experience in respective field. i have so much money to start this trading business. please send me all the necessary details through email as soon as possible. thanks
- please give a brief note about how to start a trading company and how to do trading?
- hi, i am a graduate mechanical engineer with about 10 yrs of industrial maintenance experience. i want to start Industrial water treatment chemical trading business in Goa India.Can you please guide me how to start this business right from market survey to first consignment delivery.
- Hi, I am finance Manager. I want to start own business. Writing pad note book and stationery supply. pls advice me.
- Hi we are manufacturing stainless steel scrubber ( utensil cleaner) in belgaum karnataka it is a regular consumption product. Any one interested in dealership or tradership plz contact me 9986902523
- Dear Sir, i am starting a new Trading business of Industrial Consumable in Rudrapur, Uttarakhand. We are interested in dealership or trader ship of industrial product. plz contact at 9634994284 or mail- suparthenterprises14@gmail.com
- Dear Sir, i am starting a new Trading business of Industrial Consumable in Aurangabad, Maharashtra. We are interested in dealership or trader ship of industrial product. plz contact at 09423154704 or mail- shrisaienterprises011@gmail.com
- Sir I want to start a trading business of packed products plz send me details how can i start .
- dear sir i am from ulhasnagar near mumbai i am working as quality control chemist in a chemical industry i dont have any experience of business but still i want to start a trading business of chemical reagent kindly help me
- I am a chemical engineer. I have 2 years of industrial experience. I want to start a chemical trading company. Though I am from a chemical back ground I am not able to figure out how to proceed further. Any help from your side is much appreciable.
- i am naresh from nizamabad. i wanted to expand my father trading business on agri products. if there is any new ideas to expansion please help me.
- HI buddys...i'm maheshkumar from india, pune. qualified with BE(Mechanical) and MBA in marketing. wants to start trading business in mechanical equipments and accessories. if any interested for joint venture please contact me. will start early with the help of each other. my number..9096347494 and email id - mahesh_katageri@yahoo.co.in... Best wishes and regards, maheshkumar
- Hi, We are a Pune based company, dealing into industrial products, want to add more products in our basket, looking for dealership/distributorship. Please contact: mechkinssales@gmail.com
- I want to start trading of bandani clothes in pune. i want to know the procedure. Can i directly pitch retailers?
- @kamlesh chandrakishor jha, We are into chemical trading; specifically Polymers. I am Looking out to add few more prdts in my portfolio. Mail me for detailed discussion.
- Hi.. I want to start my own Trading business without any investment in Nagpur city. Presently I am in Service, but reluctant to start my own business. My self is B.com graduate. Kindly suggest the suitable business along with tips to start the same.....
- Dear sir, I wants to start an industrial trading business in Aurangabad. kindly help for the same.
- Hi, I am searching for a small trading business in Jodhpur in Rajasthan. Please help me out. Thanks
- I want to start trading auto components in worldwide. Please suggest how I start and how I find buyers & suppliers. regards. Tarun
- hi, i want to start food item trading business in delhi (india). kindly advice how to start.
- I want to start trading in pharma in Ankleshwar - Gujarat please advise which product is best for trading and how to start it
- we deal in electrical/ mechanical/ pneumatic and hardware for different industry. Right now we are operating from Gurgaon and delhi. Need to explore the trading in Pune/ Mumbai/ Hyderabad/ chandigarh and so. need the partner or relation from different areas to enhance the business. interested person can contact on subhashindustrialtradingco@gmail.com
- subhas industrial trading company looking for different industrial product/ services dealership.
- i want to start own trading company ...what is the criteria of this format pls send me full details
- sir, my name is satheesh from india . i am b-tech mech engg and i want start trading in plasti pipes and other different industrial product or services. plz sir send me a detail process to start and approach from step 1 onwards my mail id is:ssathesh.1438@gmail.com
- i want to start probiotices trading in hyderabad and also vijayawada
- hello sir, i want to start trading business in textile. i am confuse how to start a trading business. sir give me some suggestion in trading business of textiles . how to start and what procedure.
- Hi i want to start New Trading business but i dont have idea for product. please advice me which is best one and pls guide steps
- To start a distributorship business in Jharkhand, what are the legal requirements.
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