Many businesses face exhausting their domestic market and the next step is to introduce their products to foreign markets. However it is imperative to understand the market you wish to enter as well as the financial aspects of this method of expansion.
Benefits of Exporting
• Sales growth
• Increased profitability
• Providing economies of scale
• Raise the company profile
Considerations when evaluating decisions to export
• Is there a demand in the export market?
• Which countries have the best opportunities?
• What are the best sales channels for any product in that market?
• Will my product need technical or design modifications?
• Can it be packaged suitably for international transport?
• Is an export license required?
• Assess and profile the competition:
• Who is my competition?
• What channels of distribution do competitors use?
• Is there any government funding available for exporting my product?
FOREARMED IS FOREWARNED.
There are many more considerations to be assessed and if you feel that this is the next step for your business, please contact Amatino Partners www.amatino.ie or alternatively Patrick Cunningham on 047 84955 and we will guide you all the way.