How to Start Export
Content
How to Start Export is a fair question that every first time exporter wants toask. Export in itself is a very wide concept and lot of preparations is required by anexporter before starting an export business. A key success factor in starting any export company is clear understanding anddetail knowledge of products to be exported. In order to be a successful in exportingone must fully research its foreign market rather than try to tackle every market atonce. The exporter should approach a market on a priority basis. Overseas design andproduct must be studies properly and considered carefully. Because there are specificlaws dealing with International trade and foreign business, it is imperative that youfamiliarize yourself with state, federal, and international laws before starting your export business. Price is also an important factor. So, before starting an export business anexporter must considered the price offered to the buyers. As the selling price dependson sourcing price, try to avoid unnecessary middlemen who only add cost but novalue. It helps a lot on cutting the transaction cost and improving the quality of the final products. However, before we go deep into "How to export ?” let us discuss what anexport is and how the Government of Indian has defined it. In very simple terms,export may be defined as the selling of goods to a foreign country. However, As perSection 2 (e) of the India Foreign Trade Act (1992), the term export may be defined as'an act of taking out of India any goods by land, sea or air and with proper transaction of money”.
Exporting a product is a profitable method that helps to expand the businessand reduces the dependence in the local market. It also provides new ideas,management practices, marketing techniques, and ways of competing, which is not
SWOT ANALYSIS*
Some "Do's and Don'ts of Export Planning DO ensure your key staff members are ‘signed on’ to the Plan. DO seek good advice – and test your Export Plan with advisers. DON’T create a bulky document that remains static. DO review the Export Plan regularly with your staff and advisers. DO assign responsibility to staff for individual tasks. DON’T use unrealistic timelines. Review them regularly – they often slip. DO create scenarios for changed circumstances – look at the “what ifs” for changes in the market environment from minor to major shifts in settings. e.g. changes of government, new import taxes. DO develop an integrated timeline that draws together the activities that make up the Export Plan. DO make sure that you have the human and financial resources necessary to execute the Export Plan. Ensure existing customers are not neglected.
LINKS.:
http://www.scribd.com/doc/24461795/Chemical http://www.scribd.com/doc/19532410/Chemical
Exporting a product is a profitable method that helps to expand the businessand reduces the dependence in the local market. It also provides new ideas,management practices, marketing techniques, and ways of competing, which is not
SWOT ANALYSIS*
Some "Do's and Don'ts of Export Planning DO ensure your key staff members are ‘signed on’ to the Plan. DO seek good advice – and test your Export Plan with advisers. DON’T create a bulky document that remains static. DO review the Export Plan regularly with your staff and advisers. DO assign responsibility to staff for individual tasks. DON’T use unrealistic timelines. Review them regularly – they often slip. DO create scenarios for changed circumstances – look at the “what ifs” for changes in the market environment from minor to major shifts in settings. e.g. changes of government, new import taxes. DO develop an integrated timeline that draws together the activities that make up the Export Plan. DO make sure that you have the human and financial resources necessary to execute the Export Plan. Ensure existing customers are not neglected.
LINKS.:
http://www.scribd.com/doc/24461795/Chemical http://www.scribd.com/doc/19532410/Chemical
