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Is Your Business Export Ready?
Is Your Business Export Ready?Are you ready to take your products or services offshore and profitably grow your business in new markets? If you are new or relatively new to export marketing, then you will need an export marketing agency to guide you through the steps. There is a specific series of events and activities that you will need to take to achieve success. At Baker Marketing, we have the experience and expertise to help you manage the risks associated with export marketing and reap the potential benefits. As an export marketing agency, we do this by helping our clients to both plan for export and then execute their export marketing plans. By highlighting the key steps required for a strategic approach to export, you will hopefully gain a better understanding of what is involved. Read on for Baker Marketing’s Key Steps to becoming Export Ready
Export Sales Partner SelectionSelecting the right sales partners for export is critical for success as the wrong decisions here can and do lead to heartaches, headaches, wasted time, money and effort, lost opportunity and the potential for adverse impact on your existing business. The process begins with the drawing up of a short list of potential sales partners that may include sales agents, importers, distributors, wholesalers or retailers, depending on your plan for market entry. The shortlist will be based on a matching process, where your needs are matched to the strengths of the potential sales partner. Research is required here that can take different forms including desktop research, talking to existing Australian exporters and other sources including Austrade and international trade groups. Arranging meetings, usually face to face, followed by well-rehearsed presentations, negotiations, further follow up, hopefully, results in the appointment of a suitable sales partner. Then it becomes a matter of finalising sales reporting systems, communication procedures, logistical details and adding any additional activity into the export marketing activity calendar. From there, it becomes a matter of building the relationship with your sales partners and their customers and managing the process to ensure motivational levels are maintained and targets met.
Export Marketing LogisticsThe logistics involved in exporting goods in most part bureaucratic involving accurate documentation, but there are some more practical aspects. It’s important to seek the services of a quality freight forwarder, experienced in dealing with both the country of destination and the category of goods concerned (e.g. frozen, perishable, fragile etc.). A good freight forwarder will advise on things like the best shipping routes to take and how best to package and protect your product as well as the required documentation processes. Selecting the right person within your organisation to be the primary person responsible for export logistics is important. When it comes to export the devil is in the detail, so the chosen person needs to be very detail and process minded. Whoever is responsible for export logistics will need the help of a set of standard operating procedures dealing with all aspects of the export logistics process.
Export Market Development GrantsIt’s important for Australian businesses who are serious about export to be aware of the opportunities for reimbursement of export-related expenditure by the Australian Government’s trade agency, Austrade. Austrade, through its marketing development grants EMDG program, provides the opportunity for Australian exporters to receive a 50% reimbursement of eligible expenditure on export marketing activities. The reimbursement is given on all marketing expenditure that relate to the promotion of goods and services in most overseas markets. Therefore, it’s important to keep good records of what you spend on what activities at what times and how those expenses are paid. As you would expect, the Australian Government cannot hand over money for claimed export marketing expenditure without adequate evidence. Generally, the information required when applying for an EMDG is no different than what is required for tax records. For more information about how Baker Marketing helps support small businesses with all aspects of export marketing including export market development grant applications, please click here
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