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Secrets of International Trading
"Lack of export information can
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Export information system should involve: 1. Seeking and analyzing information about the foreign market 2. Possible new contacts, trade fairs and competitive products 3. Trade barriers, statistical information and market surveys 4. Changes in import laws, trade agreements and trade statistics Seminars and conferences should be attended in order to upgrade skills and improve export knowledge. Becoming member of various trade organization, local Chamber of Commerce and Trade Association to develop valuable export contacts.
The Export Manager should prepare and set out on paper for all to follow, clear-defined procedures. 1. The quoting of export prices 2. The follow-up of contacts made 3. The promotion of the company's product abroad |
Secrets of International Trading
How to manage Export Promotion?
How to Draft and Agency Agreement? |
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4. The processing of an export order once received
The processing of an export order itself
2. Preparation of work order and credit check 3. Filling of order and packing 4. Documentation and shipping 5. Marine Insurance, invoicing and collection 6. Follow-up for new business
Keep records of all export contacts, correspondence, inquiries, purchase orders, invoices, shipping documents, insurance certificates, export expenses, etc. With filing system for easy reference.
Printed materials must be examined to assess it's suitability for export promotion. The information should be in English or if feasible, in the local foreign language. A short description of the company, covering its history, products, plant capacity, sales, markets, customer references, pictures, specification etc., will be useful in finding agents or distributors and in convincing prospective importers that the company is a reputable manufacturer. How to Develop your Export Market?
The most important export preparation is developing an Export Marketing Plan. Such a Plan will give a sense of direction to export activities. It must be clear and comprehensive and it should be set out on paper to guide the efforts of the Export Manager and his team. It should serve as the document for reviewing or to appraise any export progress or for evaluating export performance on a quarterly or half-yearly basis. The plan should cover a wide range of activities from: Market entry, analysis of competition, product research, modification and production. Selection of channels of distribution, pricing, shipping, documentation, market research and sales analysis etc. Back to page 1/3 2/3 End - Page 3/3 |
How to Conduct Export Research? How to calculate Costing for Export? Hazards of Export Packing & Shipping Export Shipment and Transportation 4 P's of Business Correspondence About Pallet a transportable platform
Recommended references
Pricing procedure
for costing and export quotation
Costing in your local
currency and convert to foreign currency for export pricing of your
products. |
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