Export: 3 elements to consider
Exporting products can be a great way to grow your business, but there are a few things you should keep in mind before taking the plunge. Here are the top 3 reasons why you shouldn’t export products:
1. You may not have the resources
Exporting products can take a lot of work. You need to have the resources in place to handle shipping, customs, and customer service in another country. What is your leeway?
2. Your products may not be suitable for another market
Just because your products are popular in your home country doesn’t mean they will be popular in another country. Make sure you do your research and understand the needs and wishes of potential customers in other countries. What are some of the main risks for exporting your products?
3. You will have to navigate in different regulations
Each country has its own set of rules and regulations when it comes to exporting products. Which international business partners can help you?
It is always useful to analyze in detail the pros and cons of exporting through a precise SWOT analysis.
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