Finding international trade partners just got a whole lot easier

New hope has arrived for those in the import-export business or who deal in some way with international trade. The answer, as with so much these days, is artificial intelligence.

Finding the right people with whom to conduct business internationally always has been a challenging task. It involves years of painstaking and meticulous groundwork, careful analysis, and the risk-taking ability to deal with uncertainty.

Trying to find partners online is a daunting task. It is extremely difficult to ensure the reliability and competency of potential partners judging largely from their online presence.

Traveling to another country to check personally on potential traders can work, but it is costly and time-consuming.

Bad debts

A major problem is that transactions with buyers whom you do not know abroad can result in bad debts that you are unable to recover. Problems can occur with suppliers who are unfamiliar to you because of inferior products or might result in you losing your entire advance payment.

Now tools that are powered by artificial intelligence and machine learning, such as that by Volza, allow professionals to navigate the challenges and make informed decisions.

Volza provides an extensive database for global trade, including complete shipment details through bills of lading.

The Delaware-based company says its tool arms users with essential information about active exporters and importers, capturing years of their export-import experience, current buyers and suppliers, transaction frequency, ongoing orders, shipment volumes, pricing, consignment numbers, and an exhaustive trade history. This wealth of data, Volza says, enables users confidently to assess and select suitable business partners.

“We aim to make it quicker, more cost-effective, and feasible. Users can bypass years of relentless effort, elevating their businesses to new heights with confidence, and in a fraction of the traditional timeframe," explains Michael Robinson, director of Volza.

Books on international trade

A guide to international trade

The import and export business is not just for goliath corporations. An individual armed with the right information can get in on this enormous industry. It is big business these days - to the tune of an annual $1.2 trillion in goods, according to the U.S. Department of Commerce. Billions of dollars in merchandise and goods are being exchanged each day in the global marketplace. These products are bought, sold, represented, and distributed somewhere in the world on a daily basis.

Compared to other businesses, import export companies have a very low startup cost. You do not need any special license or degree; what you need to succeed is the expert advice presented in this new, comprehensive manual. This is a business you run from home, and travel is mostly optional.
This guide provides readers with an understanding of the basic concepts of international trade and will help you navigate the maze of international trade policies and regulations.

Check out this book now

Start your own business

As a successful import/export agent, you can net a healthy six-figure income by matching buyers and sellers from around the globe, right from your own home. This book is loaded with valuable insights and practical advice for tapping into highly lucrative global markets. You’ll learn every aspect of the startup process, including:

Choosing the most profitable goods to buy and sell
Setting up and maintaining a trade route
Using the internet to simplify your transactions
How the government can help you find products and customers
Essential trade law information to keep your business in compliance
How to choose a customs broker
The latest government policies
Proven methods for finding contacts in the United States and abroad

Plus, you'll gain the tricks of the trade from successful importers/exporters and hundreds of valuable resources help you become a player in the lucrative world of international exchange.