Presentation on theme: "Market Access Suggestions Part IV Consultant Presentation 2012 Nashville Meeting."— Presentation transcript:
Market Access Suggestions Part IV Consultant Presentation 2012 Nashville Meeting
Market Access Suggestions Market Access Procedure Step 4 Step 3 Step 2 Step 1 Market Research & Evaluation 1. In-depth understanding & correct evaluation of marketability 2. Through market visit, research etc. Access Trial 1. Establish primary trader contact and introduce the products 2. Sampling & Market Trial 3. Platform: trade show, trader meetings, showcase event etc. Exporting to China 1. Select quality importer for cooperation for the first shipment 2. Start from first-tier cities with developed market & consumer base 3. Collect feedbacks from first sales trial Maintenance & Expansion 1. Adjustment to package, taste etc. based on feedbacks 2. More promotional and marketing activities on the Chinese market 3. Penetration to second-tier and inland regions
Market Access Suggestions Payment Issue Letter of Credit Full Payment Deposit L/C is the most frequently used method of payment during international trading and is preferred by Chinese traders as well. U.S. companies need to be cautious for the payment of first shipment. Full payment could be requirement before giving the bill of lading When qualification of the importer has been verified, the payment could be adjusted to a certain percentage of deposit before shipment.
Market Access Suggestions Key Points 1 1 4 4 2.Network Development Entrust a regional (if possible national) agent Allow the agent to develop its own sub-distribution network to avoid price war etc. 2 2 3 3 1.Importer Qualification Select experienced importer for first market access Utilize its existing sales network, facility like cold chain system etc. 3.Quality Control Strict control over product quality like food safety New regulation on food ingredient & additive in China 4. Supply Consistent supply is crucial to long-term development Avoid fluctuation in price, volume and etc.
Market Access Suggestions IPR Issue Recognition of brand image and product image is improving in China Successful cases are easily to be copied by local companies, affecting the brand. Challenge Registration of the trade mark in all aspects including for commodity as well as for advertising Apply for the intellectual property protection if the product involves any special techniques Measure