Expanding your business to new territories requires 6 important things you need to know before selling internationally. Learn more in this blog!
6 Important Things You Need to Know Before Selling Internationally
Expanding your business to new territories can sound very exciting, but it requires a lot of know-how to make this venture worthwhile. It’s a great opportunity to boost profits for your business. You think the world is ready for your products, and you think you’re ready to share them with the world. eCommerce’s growth is fueled by hungry entrepreneurs searching for the next big market.
Before going international, make sure you have all the logistical parts covered. Take language, for instance. While English is considered the universal language of business, being able to offer the locals their native language is a plus. We’ve compiled here a list of other things to keep in mind before you put your items on the market:
Get your analytics ready
It’s important to be able to collect and gather data to help you track the traffic your website is getting. You’ll also be able to see which of your pages get the most visitors. Knowing this allows you to focus on the most important parts of your website. There are many free tools available to you such as Google Charts, BIRT, and WebDataRocks.
Understand your new market
Global expansion can get kind of tricky. Once you know where you’ll be selling, it’s time to understand your buyers. Get to know their habits, tendencies, and psyche. It is crucial to carefully and thoroughly research the local market.
Setup your payment method
Find out what your new customers’ preferred payment of methods is. Not all countries run on PayPal or other forms of payment methods.
Research your shipping options
You’ve done it! You’re now officially an international seller, now you need to ship and deliver the goods. Different countries will have different shipping policies. Get to know them well.
Familiarize with taxes and regulations
Taxes and trade regulations are never easy, let alone understanding taxes and regulations in other countries. Conducting proper research is crucial in making sure you understand and are following a country’s tax policy and trade regulations.
Set up your invoice
It is important to issue an invoice for every online purchase, especially if it’s an international transaction. An invoice is more than a receipt. It contains important tax information crucial to any business transaction.
Make it easy with Export Portal
If all of these things seem a little too difficult or require too much time, then there’s another option for you: Export Portal. Our comprehensive international trade marketplace makes it fast and easy to list your products online, help you find buyers, and generate all the documents needed for a trade transaction. Not only that, but we help you every step of the way. Register with our platform today, and gain access to our vast network.