Know your math and you will never loss

A quick illustration is selling of books in 2 countries. You know the printing cost of a book in Thailand is $2 as compare to Singapore which cost $6 due to the high rental and manpower cost.You can save $4 on printing which can be used to offset your selling price. By simply establishing network connection with Thailand book publisher, you can earn $4 more for every book you sell. Assuming you sold the book at $10 with operating cost of $1 and printing cost of $2 instead of $6. You are effectively earning $7 instead of $3, which is 133% more profit.

I am not including currency exchange rate, quantity of imported books and selling books online (shipment direct from Thailand). This is applying knowledge and network to achieve positive results.

Financial knowledge is getting more important then fundamental maths and business concept. With in dept resources of financial knowledge, you can apply knowledge and network on every day things and eventually turn it into a multimillion profitable business. It is sad that most school does not teach this and the only way is to learn it from private centers and successful businessman. But will recent popularity of internet, search engines and facebook. You have wider access to financial knowledge and could simply begin your learning right at the comfort of your home.

You can begin by using observation of your surrounding stuff. Check out your favourite shopping mall, supermarket, books stall and hardware shop. Notice the cost and then compare it online using google search. You be amazed of the cost of same items differ from country to country. Do some research and you will find some profitable business ideas to import/export things to sell.

Source http://www.sngerge.com