The vast majority of Latin American countries whose main source of income minerals and traditional products. However in recent years thanks to growth in China and Asian countries increase occurred in the export of non-traditional agricultural products basically.
Here are some recommendations to export your products abroad.
What products export?
First of all it is necessary to focus on the business and find out what you can, the primary and initial step is to determine before exporting the product. If you already have a product you may need to find out about your substitutes or similar products, it is always good to have alternatives.
Following the explanation, remember that thanks to the growth of the Asian countries a major export products were agro-industrial products, namely agricultural products for consumption that have previously gone through one that has improved the presentation and the industrial stage natural product quality.
Thus you have one of your main alternatives for export are agro-industrial products in countries like Peru, for example whose economy is based mainly on the exploitation of its mineral resources, following the signing of several FTAs has increased export paprica products such as peppers, asparagus, fruits, among others; these products have passed a stage in which the quality has improved so that it can be stored and exported.
The garments are another alternative, but depending on the market where us note for example the US, Canada and Europe can be destination of garments Dress as though it is a difficult market because of the predominance of China although it is not impossible to stand out thanks to your products and their quality. To conclude this point the main factor in determining a product is making a pre-market research abroad where we target and try to find some untapped niche that is both profitable business for us. On the Internet are endless sources of information they can get to facilitate your research work.
This point is very important because you need to know your target market before starting to export. Let’s start focusing first countries with which your nation has bilateral free trade. To analyze your target market includes not only see legal and tariff issues but also analyze the potential buyer, purchasing culture of the country, domestic competition, competition and several external factors that together give us a clear picture for investing foundation. A market analysis is essential before starting to export as a precaution so that your investment will not come to lose.
Any business that we make must be within the law, often neglect these aspects despite its crucial importance in business. First of all your company must be legally established in your country, then it’s focus on hiring a consultant legal to manage the issue of contracts, because in this case is export business compliance with the agreement between the parties is a key point. On the other hand going to the government side in most countries is supporting much to small businesses by providing records of companies exporting country giving them much more support.
There are also state agencies that help in business formalization and reporting everything you need before you start exporting, we must well investigate all entities that promote entrepreneurship and exporting to see what benefits can give us and that we can get help. Finally do not forget that paying taxes is necessary and essential, pay your taxes on time and avoid problems with your business in the future.
Advantages and Disadvantages of Export
As every business there are advantages and disadvantages. The main advantage of export products abroad is without a doubt that open up to an international market means broadening the arrival of your company and focus to much larger markets allowing the exponential growth of your business, target the domestic and foreign markets will of your company a global business. Among the disadvantages we have to if acceptance of our product is bad or if we have made a bad study of our destiny market because unfortunately the business will not go well and fail. Much depends on your previous work on achieving success. On the other hand, both legal and tariff regulatory policies are matters to be considered and may represent any disadvantage for the establishment of our business.
Budget and staff needed
Depending on the product you wish to export the necessary budget will vary and the staff is always advisable to make prior to try to cut costs calculations. A company MSE starts with ten employees, which we believe enough to start a small export-oriented company. It is important to point to the original producers to help them in their development and make them feel committed.
To export products abroad must take into account the following aspects:
- Define your product exported.
- Market research destination.
- Study own legal framework and the country they are aiming.
- Consider tariff rates.
- Affiliating to any promoter agency exports and help small businesses.
Remember that the success of any company depends on the work performed by the team as a whole and the direction of his manager.