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I n t e r n a t i o n a l T r a d i n g
Call 215-357-8040 Application
Our
import export business, also known as international trading, is one of the
hottest commercial trends of this decade. American companies trade in over
2.5 trillion dollars a year in merchandise, of which small businesses
control over 95 percent. As the owner of an import export enterprise, we
work as a distributor by focusing on exporting and importing goods and
services that cannot be obtained on national soil or those that are cheaper
when imported from other countries. In addition, we recently opened an
export management company (EMC), where we can help an existing corporation
market its products in a foreign country by arranging the shipping and
storing of the merchandise for them without doing the actual selling. Our
EMC works with different types of import export manufacturers. We also act
as a broker for our clients, working on commission over the actual sales.
And we often act as an intermediary between a manufacturer or
importer/exporter and a foreign government in order to obtain all needed
certificates and permits for import for our client. While basically any
country can offer opportunities for import/export trade, Canada, Mexico,
Japan, and China have topped the trading chart for the past two decades. In
the last few years, countries in the former Soviet Union and South America
have become major players, but there's still much to learn about trading
with these new markets.
Advantages and Disadvantages of International Trade
Advantages to consider:
Disadvantages to keep in mind:
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You may need to wait
for long-term gains
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Hire staff to launch
international trading
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Modify your
product or packaging
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Develop new
promotional material
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Incur added
administrative costs
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Dedicate
personnel for traveling
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Wait long
for payments
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Deal with special
licenses and regulations
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Apply
for additional financing
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Common Export Mistakes |
Solutions |
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1.
Failure to obtain qualified export counseling and to develop a master
international marketing plan before starting an export business. |
Obtain Export Counseling |
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2.
Insufficient commitment by top management to exporting. |
Determine Export Readiness |
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3.
Failure to have a solid agent/distributor’s agreement |
Understand Agent/Distributor Contracts |
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4.
Blindly chasing “E-orders” from around the world. |
Avoid Accidental Exporting |
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5.
Failure to understand the connection
between country risk and securing export financing. |
Understand Export Financing |
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6.
Failure to understand Intellectual Property Rights |
Understand Intellectual Property Rights (IPR) |
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7.
Insufficient attention to marketing and advertising requirements. |
Pay Attention to Overseas Marketing and Advertising |
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8.
Lack of attention to product preparation needs. |
Pay Attention to Product Preparation Requirements |
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9.
Failure to consider legal aspects of going global. |
Understand Licensing and Joint Ventures |
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10. Failure to know the rules of trade. |
Understand Export Regulations |
DON'T WAIT. LET
US HELP YOU NOW.
Use our expertise and confidence.
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