The Expert Exporter is home to all the advice, both analytical and anecdotal, you need to master exporting, spot an opportunity and learn how to ask the right questions before starting.
An important point we need to consider is the country risk. How stable is the country, how sound its economy? Factor the risk into your evaluation process.
You have gathered a lot of information together on various potential markets and now have a lot to consider. How do you assess and compare? Which elements are more important? We look at how to reach your final decision.
Once you have decided upon your target export market the next key decision is developing your route-to-market strategy. We consider in detail the importance of FOCUS and ensuring you do not spread your resources too thinly. What is the difference between a distributor and an agent? How do you choose the right one for your business?
From research through to the latest digital marketing and e-commerce techniques, you’ll gain a wealth of ideas to take into your own international marketing planning.
In the first 6-12 months it is very important to be seen to be consistently visible in the market. Convince the customers you are there to stay and they can rely on you if they do decide to change suppliers. Avoid the ‘touch and go’ selling. Visit the country often. Make it your second home.
If you have not already secured your first orders, then now is the time to really push. Customers have seen you in the market, know what you can offer and your Value Proposition. You may well have already delivered samples of your product for them to assess.
Well done! You’ve made your entry into the market, created awareness of your company and product / service, secured the first orders and appointed distributor(s) / agent(s) if that was your strategy. Job done right?
Well, definitely NOT JOB DONE!