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Casual Articles - Developing Your Export Import Business Using Internet - Part I
Every day, more and more consumers are realizing that shopping on the internet means good, or even great deals that just aren’t available at the traditional brick and mortar establishments in their local communities. The smaller stores are out and about on the Internet dangling some of these mega-deals on a fishing line with the hopes that you’ll bite and possibly buy an additional item or two from them “while you’re at it”, or later on down the river. Either way, your name, address and email address are all in their database for future e-mail campaigns and catalogs.Even the big, national chain stores are enticing their customers to shop online with phenomenal deals that are available “Online Only”. Why? These corporations already have a warehouse to store their merchandise until its ready to be shipped to the st
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sou
“Home-based business.” The name itself either leaves you with a squeamish feeling that has its roots in words like shyster, huckster and con or it has you thinking you may have found the answer to financial difficulties you may be facing.Many home-based job opportunities are simple investment opportunities. The primary difference is a job isn’t really a job unless you are paid. Most home-based ‘jobs’ require an investment on your part to participate. This doesn’t mean the opportunity isn’t worth looking into, but it’s incorrect to refer to it as a job in the traditional sense of the word.“Me a skeptic? I hope you have proof” – Author UnknownIt is understandable that many individuals are hopeful that there is a simple answer waiting for them. They will search for information on home-based businesses and
Already a big slice of global trades are taking place through the Internet. According to Forrester Research, a major marketing research company, worldwide online exports will escalate to US $1.4 trillion in 2004, and cross-border e-marketplace trade will exceed US $400 billion in this year alone.
However, cross-border trading will create a division between the companies that actively import and export using the Internet and those that don't. Companies that are slow in adopting the Internet will loose competitive edge to the more proactive Internet-savvy counter parts.
If you are already involved in international trade or planning to either import or export products, Internet could be your primary source of gathering data, researching prospective market, finding clients and, may be even, for doing your entire business online.
First, let’s look into the export side of the international trade. Like any other business, exporting requires proper planning. Well-documented and clearly written export marketing plan will work as your road map to success. The following steps are essential for any export endeavor. Identifying products for export
Although, in any given time you may find numerous products that qualify as exportable one, your chance for success will increase substantially if your chosen product met the following criteria:
- You have been handling this product for local market for several years
- You have full confidence in the quality of the product
- The value of the product matches or exceeds the imported similar ones
- You have guaranteed availability of this product for export
If you don’t have a product to export yet, and you are serious about export oriented business, consider checking out your local trade shows to seek out an exportable product.
Local online marketplaces are good options for finding products for export as well.
Identifying potential export markets for your products
To identify an export market you have to spend sometimes on gathering necessary information.
You will need export statistics of your country to see which markets are presently buying products similar to yours. This will give an idea which markets are viable for you to target. Apart from checking the statistics from you own country, you also should verify export statistics from several other countries that manufacture and export similar products.
After analyzing this information, choose couple of markets for further assessment. This time you will need more in depth information on these markets. Doing market research
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sour
While there is a lot of debate about blogs replacing emails in the future, I would rather look at blogs in a different perspective. The purpose of all technology is to make life easier for the user. Blogging is an evolving technology which when harnessed by an individual could make it very easy for anyone to communicate effectively. It empowers the individual in ways hitherto not available so easily.Blogs are dynamic web pages which can be created by anyone without any hassles of technical knowledge about web design or HTML. It is an easy to use program like the email. Just type and click to be visible as a web page. All major email players like Yahoo, MSN and Google now provide a blogging service. Just sign up for free select a template and follow the customization instructions and within moments you are onli
If you are already involved in international trade or planning to either import or export products, Internet could be your primary source of gathering data, researching prospective market, finding clients and, may be even, for doing your entire business online.
First, let’s look into the export side of the international trade. Like any other business, exporting requires proper planning. Well-documented and clearly written export marketing plan will work as your road map to success. The following steps are essential for any export endeavor. Identifying products for export
Although, in any given time you may find numerous products that qualify as exportable one, your chance for success will increase substantially if your chosen product met the following criteria:
- You have been handling this product for local market for several years
- You have full confidence in the quality of the product
- The value of the product matches or exceeds the imported similar ones
- You have guaranteed availability of this product for export
If you don’t have a product to export yet, and you are serious about export oriented business, consider checking out your local trade shows to seek out an exportable product.
Local online marketplaces are good options for finding products for export as well.
Identifying potential export markets for your products
To identify an export market you have to spend sometimes on gathering necessary information.
You will need export statistics of your country to see which markets are presently buying products similar to yours. This will give an idea which markets are viable for you to target. Apart from checking the statistics from you own country, you also should verify export statistics from several other countries that manufacture and export similar products.
After analyzing this information, choose couple of markets for further assessment. This time you will need more in depth information on these markets. Doing market research
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sou
James S., from Las Vegas, N.V. asks, “I am very interested in starting a business, but just don’t want to put any of my property up for collateral due to some legal issues I have with my X-wife. I have a fairly good credit rating. Is there any way I could get an unsecured loan for my business start-up?”Many people thinking about going into business often think only of a bank for a business loan, and do not even consider all of the other options such as an unsecured loan. But all loan options should be considered when you are deciding how to finance your business, and an unsecured loan is an option.Advantages of an unsecured loan:Less documentation required – therefore, less work for you or your CPA or attorney.Your property is not used for security.Loan
Although, in any given time you may find numerous products that qualify as exportable one, your chance for success will increase substantially if your chosen product met the following criteria:
- You have been handling this product for local market for several years
- You have full confidence in the quality of the product
- The value of the product matches or exceeds the imported similar ones
- You have guaranteed availability of this product for export
If you don’t have a product to export yet, and you are serious about export oriented business, consider checking out your local trade shows to seek out an exportable product.
Local online marketplaces are good options for finding products for export as well.
Identifying potential export markets for your products
To identify an export market you have to spend sometimes on gathering necessary information.
You will need export statistics of your country to see which markets are presently buying products similar to yours. This will give an idea which markets are viable for you to target. Apart from checking the statistics from you own country, you also should verify export statistics from several other countries that manufacture and export similar products.
After analyzing this information, choose couple of markets for further assessment. This time you will need more in depth information on these markets. Doing market research
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sou
What would happen to your data if: you backed your SUV over your laptop? your laptop spent two days in a sunken cruise ship submerged at the bottom of the Amazon River? firefighters rescued your computer's scarred carcass from a flaming warehouse? Data recovery specialists restored the lost data in all of the above situations. Fire, flood, and road rage is all in a day's work for these knights of the byte.Michael Peltier is the Senior Data Recovery Engineer for Data Recovery and Reconstruction in Tucson, Arizona. He has stories to tell and suggestions to offer.About a Drive Unit But first, some background. Drive units contain read/write heads that transmit data to recording platters. The head flies above the platter, separated by a painfully thin cushion o
Identifying potential export markets for your products
To identify an export market you have to spend sometimes on gathering necessary information.
You will need export statistics of your country to see which markets are presently buying products similar to yours. This will give an idea which markets are viable for you to target. Apart from checking the statistics from you own country, you also should verify export statistics from several other countries that manufacture and export similar products.
After analyzing this information, choose couple of markets for further assessment. This time you will need more in depth information on these markets. Doing market research
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sou
The New Digital Highway is KINGDo you remember when coffee was only ten cents a cup and gasoline was only 35 cents a gallon? It wasn't that long ago. Those early prices reflect a time when the automobile was king of the asphalt highway. That was then, now we are witnessing the growth of the digital highway. Are you prepared for the change in your sales strategies?Times have changed and coffee costs about $3.50 for a Grande at Starbucks as gasoline has climbed to over $3.00 a gallon. The Digital Highway is becoming the King of the road to profits and we must adapt to new sales strategies. Fortunately you can adopt digital sales strategies and safeguard profits while growing your business. The following sales strategies are designed to slash your sales expense in gasoline and improve sales growth.<
Market research is imperative in order to identify export potential of a product in a targeted country. There are two ways you can research your targeted market.
By getting first-hand information from the targeted market
This can be done by hiring a research company from the targeted market, participating in trade shows, contacting prospective customers, visiting the market personally, etc. Although, this method has a great advantage since you can get exact information tailored to your need. However, this might be very expensive and time consuming for most of the first time exporters.
Getting information from the Internet and other sources Thanks to the Internet you can get almost all the needed information from various online sources. This includes: trade data statistics, country profile, demography and other market related data, list of prospective customers, etc.
To take an informative decision while selecting a market you will need answers to the following questions:
- How big is the demand for your product or similar products in the targeted market?
- What is the ratio between domestic production and import?
- Who are the main competitors in this market?
- What is the growth potential of the market?
- How strong are they in comparison to you?
- What is the import duty structure for your product?
- Is there any incentive available to you from your country for exporting this product?
Answers to these questions will give you enough facts to compare the markets you have chosen for assessment. While taking final decision on export market, don’t forget to study the business and social cultures of the specific country. This could be an important issue in selecting the right market for you.
Selling your products
Once you targeted the market you would like to pursue, you next step is to start selling your products to that market.
There are several marketing options available for you to choose from:
Hire an export trading house from your country The advantage, if you find right export trading house, is the experience and knowledge the company may have. The draw back is they might not be interested in your products, and if they do, you have to pay a major share from your sales to them as their commission.
Find a distributor in the targeted market to sell your products
This is, no doubt, a very good option. However, finding a good distributor for a product which does not have a proven track record of sale in the market won’t be that easy.
Sell products to customers from targeted market directly
Initially, you might have to stick to this option only. B2B exchanges and emarketplaces from the targeted market can be a good place to start your venture.
Here are the steps you need to take if you would like to sell your products through E-marketplaces.
1. Seek out the largest emarketplace for the country of your choice.You should consider both vertical and horizontal marketplaces.
2. Register with them.
3. Create a Web Site, if you don’t have yet, in the local language.
4. Add your products to the e-catalog of the emarketplaces.
5. Post your products for sale to the marketplace.
6. Post frequent sell trade leads.
7. Search for companies interested to by products similar to yours and contact them.
International trade business, same like any other business requires months, sometim
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