The Golden Rule For Export Business Success

Research the market. In order to be successful in exporting one must fully research its markets. No one should ever try to tackle every market at once. Many enthusiastic persons bitten by the export bug, fail because they bite off more than they can chew. Overseas design and product requirements must be carefully considered. Always sell as close to the market as possible.

The fewer intermediaries one has the better because every intermediary needs some percentage for his share in his business, which means less profit for the exporter and higher prices for the customer. All goods for export must be efficiently produced. They must be produced with due regard to the needs of export markets. It is no use trying to sell windows that open outwards in a country where, traditionally, windows open inwards.

Sell experience. If a person cannot easily export his goods, maybe he can sell his experience. Alternatively, he can concentrate on supplying goods and materials to exporters who already have established an export trade. He can concentrate on making what is termed own brand & products, much demanded by buyers in overseas markets which have the manufacturing know-how or facilities.

Develop selling skills. In today’s competitive world, everyone has to be sold. The customer always has a choice of suppliers. Selling is an honorable profession, and you have to be an expert salesman.

Deliver on-time. Late deliveries are not always an exporter’s fault. Dock strikes, go-slows, etc. occur almost everywhere in the world. If one enters into export for the first time, he must ensure fast and efficient delivery of the promised consignment. Communication. Communication internal and external must be comprehensive and immediate. Good communication is vital in export. When you are in doubt, pick up the phone or email for immediate clarification.

Test market. The risk of failure in export markets can be minimized by intelligent use of research. Before
committing to a large-scale operation overseas, try out on a small scale. Use the sample test, and any
mistakes can then be corrected without much harm having been done. While the test campaign may
appear to cost more initially, remember that some of the cost will be repaid by sales so that test
marketing often turns out to be cheaper.