Starting a grocery export business is one of the most profitable business ideas. It requires some initial investments and generally has no low season.
All you need is the right product for the foriegn market and some really good marketing skills.
Generally, a grocery export business sells premium and uncommon grocery products from a country of origin to foreign markets.
As a result, it increases profit margins, gives access to new markets, and makes higher quality products locally available.
Step 1 : Market Planning
Step 2 : Prepare a Business Plan
Step 3 : Register your business
Step 4 : Apply for mandatory licenses
Step 5 : Set up your supply chain
Step 6 : Create a Website
It is important to know what customers want and how they want it.
The first step in starting a grocery export business is identifying the product-market fit.
If you already have a product, consider making the following changes to make it fit for exports :
You need to research the market, which would include talking to potential customers, doing surveys or focus groups, or even surveying competitors in the area.
Accordingly, you need to know what products are popular overseas, how much they cost in the country you want to sell them, and their demand.
Also, find out what other companies are exporting those products and how they are doing it.
You also need to know about any customs regulations for importing goods from your home country.
It is important to know the competition and understand that you are not the only one doing this. It will help you with your marketing, your pricing, and other aspects of your business.
After that, identify the target customer for your product.
Moreover, find out what the competition is doing better than you are. This will help you identify where you need to improve in order to win over customers from them.
To get more ideas on products, you can check out these grocery exporters from India.
You can find out what products they are selling. what price they are selling it for, which countries they are exporting to, what is their supply chain and how much they are charging for shipping.
In this step, you basically have to finalize everything, such as:
You do not need to put it formally, but it should be clear in your mind and on paper.
In fact, it can also be used to convince potential investors and customers that your company has a good chance of success.
Once you have a business plan, you must be able to answer the following questions:
Business registration is an important step to take if you want to start a grocery export business in India.
You can register your business as:
However, the most preferred business structure for export is private limited company registration because:
Get in touch with our experts by filling out the form on the right to get your business registered.
The three main licenses and certificates you need for grocery export are as follows:
IEC (Importer Exporter Code)
It is the most important license, without which you can not export even a needle from India.
It helps in verifying your business and allowing your items to be shipped from India. Moreover, it is also necessary for customs clearance.
Having a GST number to export anything from India is mandatory, regardless of your aggregate turnover.
As the grocery export business will include exporting edibles, you will need an FSSAI certificate. The validity of the FSSAI License is 1 to 5 years, depending on the period you selected while applying.
Setting up the right supply chain is crucial for products to actually reach your customers.
This is why it is important to choose the safest route.
Also, as the grocery items have an expiry date, you need to make sure to pick the fastest exporter as well.
Select an Exporter
You can export your grocery with the help of ExportersIndia.
They are the largest B2B exporters marketplace. You can list yourself as a seller on their website and even buy international products at wholesale prices.
You can get in touch with their team and ask for the quote as per your requirements.
The last step is to go online. For this purpose, make a website where you can post information about your product and shipping.
After that, target your customers by going social. Find, follow and share your products with foreign customers.
Accordingly, redirect them to your website and allow them to place the order on the website directly.
The basics for starting a grocery export business are as follows:
It is not an easy task to start a grocery export business. One has to identify a market and then research the market before one can start with the business.
We recommend talking with other exporters who have experience in your industry or visiting trade shows, conferences, and reading trade journals.