Many people are so upset about imports, try exporting. What can you offer another country to help their economy? What can you offer to help the people of that country? Do you have a product that will solve a problem? Are you a business owner with a product that you would like to sell overseas? Does the other country need what you have to offer? Are you an entrepreneur that thinks that they can make a difference exporting over seas? Some Points to consider:
1) Is the product or service something that is needed in another country? Something to consider is price points and affordability and also exchange rate to currency. This requires a product development person to identify a need and work with the local customs to place product in that market. Sometimes that is a friend or family in that market. Sometimes it is a company that has offices in those markets, or a local agent.
2) Do you or the factory have the capacity for volume orders?
3) Do you have the capital?
4) What modifications need to be done to the products to be able to sell into those foreign markets?
5) Are costs refined enough to be able to sell in volume into those markets?
6) Do you understand the process of starting slow to reduce your exposure? Importing, and Exporting have similar traits to risk. It is not like going across the street to deal with a problem. It requires attention to detail, patience, and an understanding of another country's culture and traditions, foreign government regulations, and as well as your country's regulations. Go Slow.
7) After you identify a product market that your product fits you must determine how you will do business in that country. What customs do they have?
8) Can you handle this from your country or do you need a local agent to handle sales and service?
9) How are you planning on selling in that market, through distribution or direct to customers?
10) How much working capital do you need to run business from your country or do you set up a distributor that places orders with you and handles all sales & distribution and you make a lower margin but make it up in volume and ease of doing business in a new market?
11) How much risk do you want to take?
By researching other markets and taking advantage of your country's strengths compared to other markets there are opportunities out there. Many times they are products we take for granted.
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