Exporting
Export is the opposite of import. In import you are the buyer
bringing goods into a country, while in export, you are the
seller sending goods out of a country.
FACTORS TO CONSIDER BEFORE EXPORTING
1. The nature of the product to be exported. Some goods are not
exportable. Perishable items have limited marketability.
2. Supply. Ensure there is enough supply (or surplus) of the product.
3. Demand. Determine the overseas demand for the product, and if it
is short term or long term.
4. Profit margin. Ensure that there is enough potential for profit to
make it worth your time. Work out all costs as accurately as possible,
and consider the selling price.
5. Government restrictions. Check if there are government restrictions
on the export of the goods. Also check for any import controls in the
country you are exporting to.
6. Experience. Ensure you know enough of the process to do everything
properly.
7. Survey. Research the market you are exporting to. Compare your
products with those already on the market, especially quality and price
(see next page).
8. Capital and credit. Since you will be dealing with large quantities
of stock, sufficient capital or bank credit is needed.
9. Common law patent, trademark, or copyright protection. If you are
the manufacturer and wish to promote your products abroad, you should
make sure that foreign manufacturers can’t copy your product and
reproduce it locally. Find out if there are existing treaties to
protect your rights on the merchandise you are exporting.
10. Visit the website: http://www.import-export-secrets.com/dvdrom/main.html