Steps to a Successful Export Sales3.amazonaws.com/gpi-assets/uploaded_media/15/original.pdf ·...
Transcript of Steps to a Successful Export Sales3.amazonaws.com/gpi-assets/uploaded_media/15/original.pdf ·...
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Steps to a Successful Export Sale
Assess the Market
Evaluate the Product
Move your Product
Find Qualified Buyers
Choose the Terms of Sale
Obtain Trade Financing
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Step One
• Assess the Market:
– Evaluate the overall country risk
and determine general market
conditions
Considerations
Micro Market
Macro Market
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Step Two
• Evaluate the Product
– Determine the effort and costs of
selling your product in the foreign
market
Considerations:
Product Modification
Product Cost
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Step Three
• Move Your Product
– Nothing hurts the export
operation like bad distribution
Considerations:
Product Distribution-direct sales,
agents, dealers, trading
companies, etc.
Shipping-cost-effective methods-
air, rail, ship or overland
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Step Four
• Find Qualified Buyers
– Identify a qualified buyer who will
fulfill contract
Considerations:
Develop a short list of qualified
buyers
Assess the ability and
performance of the potential
importer
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Step Five
• Choose the Terms of Sale
– Establish agreed sales and
payment terms
Considerations:
Price quotations and shipping
terms
Sales Terms
Payment Mechanisms
Currency
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Step Six
• Obtain Trade Financing
– Do you need financing support
– Pre-export and/or Post-export
Considerations:
Determine your financial needs
Choose a trade finance bank
Provide the bank w/ complete
information package.