One of the first questions toconsider is why Export?
Research shows companies that exports are more profitable, more productive and more innovative than those that do not. Research has shown that businesses are 11% more likely to survive if they export. The reasons for this range are from spreading export risk amongst different country markets, to increasing turnover and improving innovation by developing specific services for specific overseas markets.
Trading internationally not only helps with all of these, in addition trading globally
can boost your company’s profile, reputation and credibility.
Increased Sales
If you are selling well in your own home market, and your service is in demand, exporting is a way to develop new additional sales in other countries. If your services are in demand at home, then there is likely to be significant demand in foreign markets.
Higher profits result from increased sales
If you can cover fixed costs through domestic operations or other types of financing, your export profits can grow very quickly.
Economies
of scale
You can benefit from the cost savings when you produce and sell more services. The benefits from the economies of scale can be very advantageous.
Global competitiveness
The experience your company gains internationally will help keep you competitive in both your home market and in the global marketplace.
Reduced risk
If you can sell into several different countries, you are spreading the risk. If you diversify into international markets, you avoid depending on a single marketplace and suffering from any domestic instability.
Domestic competitiveness
Successful exporting companies are often more resilient to potential foreign competition.
Knowledge & experience leads to innovation
The global marketplace abounds with new ideas, approaches and marketing techniques that could also prove successful in your home market. Adaptations to your service, for example, lead to new innovations and new service development.