International Business Opportunities
We will describe some ways to find an international business opportunity:
international business opportunities
Business Opportunities for Import
1. Identify an unmet need in the local market
Importing products not mean automatic success. The key to a successful business of imports, is to find an unmet need in their region, where there are no local producers or the cost of importing is less than to buy from distributors or dealers.
To find a need, you can use various methods, mainly research and observation.
In the case of research, you can check news, market research, Internet searches, searches on sites like mercadolibre, problems or complaints that are existing at the time or in the future.
For observation, required to observe the behavior of people in a shopping environment, like a mall or a social environment, for example in the streets. This way you can find high demand products that people want, but probably not being met by local businesses. / Article preferred profitable business ideas /
2. Check for international treaties
All countries have free trade agreements that allow the free exchange of goods, facilities and rates low or zero tariffs (taxes on imports / exports) or tax incentives for international trade.
In the specific case of Mexico is the country with the international treaties in the world. This is a fortress for exporter and importer.
One way to find international business opportunities, to analyze free trade agreements, and determine local demand for a product that can be imported.
3. Visit trade shows
One of the best ways to find international business opportunities, is to attend trade shows abroad. Many of these shows are focused on innovation (innovative business opportunity) or industries (eg, technology, textiles, footwear, entertainment, etc.)
For the case of imported products, it is advisable to visit fairs abroad. Despite being an expense, should find an opportunity and business idea, you can develop a direct contact with the provider, and create a serious and reliable business relationship.
4. Check for trends and fashions in other countries
One way to import innovative products to its market, to analyze trends or trends in industries first world countries.
For example, in the case of clothing, trends originate at specific points in the world like Italy or France, and with the passing of time, are brought to other countries.
That is, there are international trends nationally unknown, and may offer new business opportunities to import. It is not only about fashion, but as progress in technology (new production), product packaging (biodegradable packaging), food (such as molecular gastronomy)
Business Opportunities for Export
5. Analyze international consumption data
In the case of exports, the main objective is to find new markets to distribute and sell our product. One of the most common ways of defining export markets is through the analysis of statistical data of consumption of each country.
This involves research in the Departments of Finance, the IMPORT data from the foreign country, and growth trends observed in some of its imports.
The data reflect an unmet demand for its market, which appears as exportarle business opportunity for our product. / Article recommended: 20 Profitable Business Explained /
6. Internet communication
The internet, social networks, such as skype voip systems and ease of online translators, have allowed companies to have direct and easy with global prospects, and develop business online.
One way of finding new export opportunities, is to use these tools to their maximum, to create a communication by:
- A website in English and Spanish
- Ways to contact by email, chat, skype, video conferencing
- Promoting international directories as linkedin, alibaba
7. Public Institutions for Exports
In the case of business in Mexico, one of the ways to develop export platforms is through figures like Bancomext and Prom?xico. Bancomext is an organization that primarily provides export credit abroad.
Meanwhile Prom?xico provides support and services for export, exporting directories and advice.
The case applies to other countries around the world, where there is an institution (usually government) who advises companies to export their products around the world.
8. Free Trade Agreements
We had already discussed this point, and an indication that the FTA apply also for export.
It is this aspect, more than just find potential business opportunities, you should identify the requirements for export, such as phytosanitary permits, certificates of quality, ISO, or other permits for the product.
Source: http://2rabbitsstudio.com/342/international-business-opportunities-how-to-find-them.html
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