Trading consultation and international trade may be new words, but they were put in action by ancient merchants. Going back to 14th or 15th century and Marco Polo time, we can see that major silk and spice merchants enlisted the help of advisors. Later in 17th century, when clippers transported spice, tea, etc. shipments from the East Indies to Europe, they also employed trading advisors in order to carry out international trade perfectly. Trading history does not stop here and goes further back: ancient people also used the concept of trade in their tribes so as to procure needed goods and services.
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History of International Trade:
From the above remarks, we can see that trade has always been conducted internationally, and people have always engaged in buying, selling, and exchanging goods. When merchants started to use technology in their business activities, their profits and satisfaction gained greater value, thus involving more people.
Why is international trade important?
Generally speaking, international trade has the following advantages:
- Creates competitiveness.
- Employs technology and makes progress.
- Boosts sales and profits.
- Increases the sale potential of goods.
- Maintains the competition and prices in local markets.
- Enhances the capital and business turnover.
- Dominates global markets.
- Remains unaffected by seasonal fluctuations.
- And shows lesser dependence on the current markets.
Now it is evident that international trade has an extremely wide expanse. Employing a business/trade adviser helps people to invest in products with greatest profitability potential. A proper product yields greater profits when imported or exported invigorating a country’s economy.
It should always be kept in mind that international trade may cause economic prosperity and increase productivity because people involved seek out strategies to reduce costs and increase competition. As a result, standards and motivation soar. Needless to say that international trade also creates more job opportunities, lowers unemployment, produces more domestic goods, and cuts importation and its ensuing costs.
Who is a Winner and who is a Loser in international trade?
To achieve success in international trade, a person needs to possess marketing experience, knowledge, and power. This is why motivated small and medium-sized enterprises emerge winners in this area. A business advisor conducts market analyses and research and proposes strategies that culminate in cutting costs. Unsuccessful companies fail because they lack the required amount of business exchange knowledge.
In modern times, business advisors accompany companies and traders to familiarize them with international laws, incoterms, and business requirements, thus securing their success.
Role of Business Consultation in Professional Service Provision in International Trade:
Thus far, it has been shown how international trade can help a business or even a country grow and prosper. In other words, a country’s traders constitute its trade foundations. A business advisor meets the needs of such people for economics, national and international laws, and market understanding. In addition, this advisor, versed in customs rules and regulations, clearance procedure, proper investment, and national economy do’s and don’ts, assists a trader in making the best decisions; as a result, the commodity chosen will be highly visible on the market and is imported to Iran or exported from it.
An international trade advisor usually starts work with small companies and gradually grows. Their marketing skills, knowledge, and experience turns a small company into a progressive large one; therefore, this company can achieve success on international markets. Internationalization makes you known all around the world enabling you to establish more economic ties.
Internationalization is the ultimate goal of any company. In other words, people tend to secure themselves a favorable position on international markets. However, they need to correctly identify development factors in order to overcome relevant problems. They should acquire the required knowledge, and more importantly, gain the practical experience of working on international markets. So, a business advisor is a must for them.
What role does business consultation/advisor play?
In the area of international trade, a person requires knowledge and experience to import or export particular goods. Therefore, they must enlist the help of a business advisor to acquaint them with the latest laws, rules, and regulations, and help them make sound decisions in international trade. Generally, business consultation services are categorized as follows:
- Offering free consulting services regarding customs affairs, taking into consideration latest directives and constitutions
- Calculating transportation, shipment, clearance, customs expenses and duties; these are calculated on the basis of goods value, documents, and proforma invoices
- Preparing all types of declarations, signing proper contracts, presenting various types of proforma invoices, and calculating incidental expenses
- Explaining in detail all the expenses including transportation, shipment, and clearance costs in the shortest possible time (24 hours)