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How To Export Internationally As A Small Business or Solo Entrepreneur

How To Export Internationally As A Small Business Or Solo Entrepreneur

<p style&equals;"text-align&colon; justify&semi;">The vast majority of the world’s consumers &&num;8211&semi; 96&percnt; &&num;8211&semi; live outside the United States&period; If you&&num;8217&semi;ve ever wondered how you can expand your business or where your next customer is coming from&comma; especially in these tough economic times&comma; looking overseas might just provide the answer&period; The growth of the internet and increased globalization have combined to make the task of exporting less daunting than it once was&period; There are huge potential markets out there&comma; but successfully breaking into them still requires forethought and planning&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><img class&equals;"aligncenter size-full wp-image-7741" alt&equals;"How To Export Internationally As A Small Business Or Solo Entrepreneur" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2013&sol;09&sol;globe&lowbar;L24&period;jpg" width&equals;"500" height&equals;"422" &sol;><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A bare bones action plan should include the following steps&colon;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Make use of resources<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Research the market<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Market your product<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Sell<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>Resources<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Before jumping into the deep end&comma; you should take advice and make use of other people&&num;8217&semi;s expertise&period; The Small Business Administration &lpar;SBA&rpar; and the export&period;gov website  are good places to start in the USA&period; As well as free online courses to help entrepreneurs understand the basics of exporting&comma; the SBA can direct you to online and local counsellors who can provide more thorough training&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Start by taking the free export readiness self-assessment at export&period;gov&period; Registering with the website will give you access to their trade leads and market research&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">They can also help you to&colon;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Access training and counselling programs<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Develop an export business plan<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Conduct your own market research<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Find foreign buyers<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&&num;8211&semi;       Finance your export scheme<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In 2011&comma; Virginia Beach company SteelMaster Buildings won the first UPS Growth through Global Trade award for small businesses&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">International Development Manager Emma Granada says&colon; &OpenCurlyDoubleQuote;I was given the task to expand the international business of the company and did not know where to begin&period; We reached out to available resources such as the SBA&comma; the Ex-Im Bank &lpar;Export-Import Bank of America&rpar; and the US Commercial Services&period; This gave us the confidence and resources to learn the requirements of international trade&comma; such as transportation options&comma; legal issues and tariff implementation&period;”<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The US Commercial Service also runs Export Assistance Centers throughout the country that can offer invaluable advice and assistance&period; When California-based Certified Worldwide LLC &lpar;CW&rpar; decided to export their lines of over-the-counter medicines&comma; vitamins&comma; supplements&comma; they knew they&&num;8217&semi;d need help navigating the regulations regarding the export of health-based products to various countries&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Director of business development Hal Selim set up a meeting with the Export Assistance Center in Ventura&period; From there he connected with Commercial Service trade specialists on the Health Care Technologies Team who helped him obtain the correct Food and Drug Administration &lpar;FDA&rpar; certificates&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&OpenCurlyDoubleQuote;Without the experience and on-the-ground support of the U&period;S&period; Commercial Service&comma; we would not have surpassed the export challenges that we met early on when we began exporting&comma;” Selim says&period; &OpenCurlyDoubleQuote;Had we tried this on our own&comma; we would not be as well positioned in international markets as we are today&period;”<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>Research<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Practical export considerations are important but before that you have to decide which markets to target&period; Thorough market research is essential in order to determine if there is a demand for your product&comma; the level of competition and current market conditions&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Grace Davis started Omega Environmental Technologies as a one-woman operation in 1989&period; They now supply automotive air conditioning systems to worldwide markets&comma; but Grace explains how she started off on a smaller scale&colon;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&OpenCurlyDoubleQuote;I went from country to country and I studied the marketplace&period; To see how many people are manufacturing systems for AC&comma; how many people were distributing&comma; how many shops there were&period; Wherever a car manufacturer was&comma; that was my market&period; I started by selecting which countries I wanted to target first&period; I couldn&&num;8217&semi;t do everything on my own&period; At the beginning my main market was Spain&comma; because I speak Spanish and they needed the products&period;”<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>Marketing<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The way you market your product will to a large part depend on who you perceive as your customer base&period; For business to business sales&comma; many of your contacts will be met through networking and recommendations&semi; at personal meetings&comma; trade fairs&comma; expos and conventions&period; You may also decide to enter into a &&num;8216&semi;white label&&num;8217&semi; agreement with a local partner&period; This is when the partner takes your product&comma; rebrands it and essentially sells it as their own&period; In this case they will ultimately be responsible for marketing the product to the consumer&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you intend to sell directly to foreign consumers&comma; you will have to take care of the marketing yourself&period; This is where the internet comes in extremely handy&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Localizing your website can be a great way to reach across borders&period; English accounts for only around a quarter of total internet usage and multilingual users put more trust in websites written in their own native language&period; A recentstudy of internet users in the European Union found that half of respondents regularly visited English language sites&comma; but only 18&percnt; would make a purchase from a site that was not in their own native language&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Fully localizing your site to a country-code Top Level Domain &lpar;such as www&period;example&period;de for Germany or www&period;example&period;fr for France&rpar; engenders trust by giving your site a more &&num;8216&semi;local&&num;8217&semi; feel and will also give a boost to your SEO &lpar;search engine optimization&rpar; for local search results&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Good quality translation is key to localization and this is doubly important for keywords&period; You should never rely on automatic translation for keywords&comma; as a phrase that works in one language or country might not cross over to another&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A literal French translation of the term &&num;8216&semi;bullet train&&num;8217&semi;&comma; for example&comma; would yield a nonsense phrase&period; In France&comma; a more common term is the acronym TGV &&num;8211&semi; short for &&num;8216&semi;Train à Grande Vitesse&&num;8217&semi; or &&num;8216&semi;high speed train&&num;8217&semi;&period; In neighbouring Belgium&comma; however&comma; high speed trains are often known to as &&num;8216&semi;Thalys&comma;&&num;8217&semi; referring to the name of the major operator running these trains between Paris and Brussels&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Social media give businesses an unparalleled way to directly communicate directly with customers&period; All the big players like Facebook and Twitter have international audiences and settings but it might be worth looking into other local competitors as well&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In China for example&comma; Facebook is banned but sites like QQ and Sina Weibo offer alternatives&period; VK is the market leader in Russia and Orkut is still massively popular in Brazil and India&period; Whichever platforms you opt for&comma; link all your profiles and develop a cohesive social media plan&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">There&&num;8217&semi;s a lot to think about when you decide to export internationally as a small business or solo entrepreneur&period; But the effort is likely to be rewarded by an increase in sales and exposure to a whole new market&period;<&sol;p>&NewLine;

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