| Casual Articles |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Marketing > Exporting to Overseas Retailers - Are You Ready ? |
|
Casual Articles - Exporting to Overseas Retailers - Are You Ready ?
Make Your Mark: 3 Steps to Turn the Ordinary Into Extraordinary a valuable clause in their product catalog.I get asked this question all the time, "how can I stand out when there are so many other people doing what I do?”Consider the entertainment industry. It’s safe to say the competition in the field of entertainment is incredibly stiff. Standing out, amongst other things, is essential to an entertainer’s success. When you think about some of the most powerful celebrity names like Oprah, Martha Stewart, and Madonna you realize that their attraction power is directly linked to their unique flair for doing what they do.Yet, each of the powerful women I’ve just mentioned Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher pri Reduce Flying Stress While on Business Trips Exporting directly to small overseas retailers is a comparatively new phenomenon, brought about by Internet. Selling directly to small US or European retail outlets even 10 years back was an uphill task because of many hurdles like lack of information on buyers, expensive communication media, scant information on overseas consumer interest, difficulty in accepting small payments etc. Trade Fairs and Buying Agents were two major avenues for small and medium exporters.Flying for business trips adds stress to any businessperson. One of the greatest fears for most people is flying. With the recent Air France crash at the Toronto Pearson Airport, some flier’s stress may be at an all-time high. However, it is possible to practice stress management solutions while flying. Hamilton-based Mark McGregor, who is a stress management trainer and consultant, believes that we should use our HEADS (Humour, Exercise, Avoid, Delegate, Seek) to manage our flying stress. Mark comments, “Some air passengers unnecessarily worry and become overwhelmed when travel Internet, acting like a disruptive force, brought about major changes in traditional supply chain of Exporter > Buying Agent > Importer > Distributor > Stockiest > Retailer Seamless, easy and inexpensive communication through continents brought exporter and retailer closer, removing many myths and wrong notions. The retailer suddenly discovered how much he/she stand to gain by importing directly because of huge price difference between merchandise of local stockiest and that of exporter's. The exporter found the middlemen disappearing and was too glad to deal directly with buyer. The phenomenon has been aptly described by many such as Sigurd Helland in Import Your Own Products And Make Your Profit Margin Miles Wider, Online Or Off and Robert Nelson in Importing Made Easy Today, traditional supply chain is still in use for major chunk of exportable merchandise - but direct transaction between exporters and overseas retailers is growing very fast. Smart exporters have already organized themselves for serving overseas retailers - but Are you ready ? We discuss here what it takes to be successful in this new area of opportunity. Retailer Buys in Small Quantity If you plan to address small retailers - forget container load quantities. The business of retail is such that - large purchase can block money and even jeopardize business. The retailer may variously coin order quantity as 'first order' or 'sample order' - but it is very unlikely that he/she will ever order large quantity of one model/product. So, if your business model does not permit small order - retailer is not really your forte. Others may find Minimum Order Quantity a valuable clause in their product catalog. Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher pri How To Run A Successful Fundraiser Buying Agent > Importer > Distributor > Stockiest > Retailer This is the first article of a multi-part series on this topic.Part One of this SPECIAL REPORT is about: Organizing Your GroupWould you agree that it's easier complete a job when you have a blueprint to follow? Yes?Also, the exact opposite maybe true which brings us to the old axiom:"Fail to plan, plan to fail"Usually most groups avoid planning because they view it as difficult or tedious or may be in a rush to get going. Don't let this happen!! What appears to be unpleasant far exceeds the dismal results you will have without a plan.Fo Seamless, easy and inexpensive communication through continents brought exporter and retailer closer, removing many myths and wrong notions. The retailer suddenly discovered how much he/she stand to gain by importing directly because of huge price difference between merchandise of local stockiest and that of exporter's. The exporter found the middlemen disappearing and was too glad to deal directly with buyer. The phenomenon has been aptly described by many such as Sigurd Helland in Import Your Own Products And Make Your Profit Margin Miles Wider, Online Or Off and Robert Nelson in Importing Made Easy Today, traditional supply chain is still in use for major chunk of exportable merchandise - but direct transaction between exporters and overseas retailers is growing very fast. Smart exporters have already organized themselves for serving overseas retailers - but Are you ready ? We discuss here what it takes to be successful in this new area of opportunity. Retailer Buys in Small Quantity If you plan to address small retailers - forget container load quantities. The business of retail is such that - large purchase can block money and even jeopardize business. The retailer may variously coin order quantity as 'first order' or 'sample order' - but it is very unlikely that he/she will ever order large quantity of one model/product. So, if your business model does not permit small order - retailer is not really your forte. Others may find Minimum Order Quantity a valuable clause in their product catalog. Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher pri Change Management and Your Future as an Executive /b> in Import Your Own Products And Make Your Profit Margin Miles Wider, Online Or Off and Robert Nelson in Importing Made Easy In if you are up-and-coming in the business world and you find yourself in a position where change management is occurring very rapidly then you need to take the bull by the horns and take responsibility for the team. For those that have the ability to unite others in a real leadership this is the time for you to shine and your future as an executive in the corporation depends on it.All too often when change management occurs at the corporate level many of the folks in management sit back and wait for something to happen afraid to make any moves for fear that they might Today, traditional supply chain is still in use for major chunk of exportable merchandise - but direct transaction between exporters and overseas retailers is growing very fast. Smart exporters have already organized themselves for serving overseas retailers - but Are you ready ? We discuss here what it takes to be successful in this new area of opportunity. Retailer Buys in Small Quantity If you plan to address small retailers - forget container load quantities. The business of retail is such that - large purchase can block money and even jeopardize business. The retailer may variously coin order quantity as 'first order' or 'sample order' - but it is very unlikely that he/she will ever order large quantity of one model/product. So, if your business model does not permit small order - retailer is not really your forte. Others may find Minimum Order Quantity a valuable clause in their product catalog. Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher pri Succession Planning cuss here what it takes to be successful in this new area of opportunity.Businesses of all sizes and within all industries often suffer from poor planning. A key area which needs consideration is succession planning for both ownership and key management. IT IS THE RESPONSIBILITY OF EVERY BUSINESS OWNER TO PLAN FOR THE DAY WHEN THEY WILL NO LONGER BE INVOLVED IN THEIR BUSINESS ON A FULL TIME BASIS.Often, we hear of small to medium sized businesses built primarily on the drive and enthusiasm of a key individual, only to falter when that person is no longer there. Similarly, larger public companies can experience great turmoil if their manag Retailer Buys in Small Quantity If you plan to address small retailers - forget container load quantities. The business of retail is such that - large purchase can block money and even jeopardize business. The retailer may variously coin order quantity as 'first order' or 'sample order' - but it is very unlikely that he/she will ever order large quantity of one model/product. So, if your business model does not permit small order - retailer is not really your forte. Others may find Minimum Order Quantity a valuable clause in their product catalog. Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher pri Developing a Strategy for Marketing to Realtors that Delivers Results a valuable clause in their product catalog.No doubt that you are making a significant effort in marketing to Realtors. So what are you doing? Are you sending out newsletters and postcards, referring Realtors to your website, giving out business cards? Those are all efforts of marketing, but it does not necessarily mean it is effective.Effective marketing produces results, not just activity. The best way to make your marketing effective is to make sure you understand the elements of marketing: the four P's of marketing.Marketing is more than mere advertising. Successful marketing to Real Orders are More Frequent Retailer will come back with repeat orders more often than a large importer as he/she can neither afford to maintain large inventory nor can keep rack space empty. Export orders will come as often as consumers demand, such as during Christmas season. Margins are Higher Silver line for exporters - you may compensate smaller quantity with higher price. Compared to the price charged by local stockiest - the retailer is unlikely to feel sizeable pinch and may not object to slightly higher price provided you communicate smoothly. Be Sensitive to Issue of Trust Importing from overseas country may bring excellent profit, but it is certainly more risky than buying from local distributor or stockiest. The issue of trust will always play on the mind of retailer, specially during first transaction, and he/she is likely to keep the first order as low as possible. The exporter should be sensitive to this concern and negotiate accordingly. Prefer Air Freight Most small retailers are not equipped to handle logistics operators and are uncomfortable with long delivery period in sea freight. Air freight, though more expensive, suits retailer's requirements better. However, the retailer may not be aware with these issues, specially the first timers. As exporter, you should quote air freight as much as possible and educate the retailer if necessary. How to Get Information on Retailers There are many retailers' associations in USA and Europe. You may contact them for their list of members. Easier option is to contact The Great Indian Bazaar who has compiled a directory of over 2000 overseas retailers (small retail outlets, convenience stores, drop shippers, large retail chains etc). Conclusion Exporting to small overseas retailers does not require significant investment and shipment can easily be handled through couriers. As a result, small Indian exporters and those new to export field will find this opportunity very lucrative. Margin from single shipment may not be much - but a handful of active retailers can keep a small to medium exporter busy throughout the year.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Be Sure You Are Understood Before Acting and You Can Make Progress at 20 Times the Usual Rate Boomerang Customers- What You Might NOT Think Brings Them Back! Medical Contract Manufacturing
|