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Getting Started In Export Markets
Mike Stokes
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Where Do You Start ? Market Comparison & Evaluation
Identifying Your Target Markets 2
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Market Comparison & Evaluation
What Factors Should Be Considered ? geography climate population demographics wealth culture religion politics language technology corruption financial risk 3
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Identifying Your Target Markets
Do Not Try To “Scatter Gun” The World Weighting Of Factors Short List Potential versus Now Low Hanging Fruit Plot Size Of Opportunity versus Ease Of Entry Supply A Small Number Of Markets Excellently 4
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Where Do You Go For Data ? General Directories 5
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Where Do You Go For Data ? General Directories 6
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Where Do You Go For Data ? Sector Specific Sources 7
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Where Do You Go For Data ? Regional Directories 8
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Where Do You Go For Data ? Trade Shows 9
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Where Do You Go For Data ? Specialist Market Research Organisations 10
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Where Do You Go For Data ? Specialist Information Providers 11
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Where Do You Go For Data ? Department for International Trade - Market Research - Training - Trade Missions - Seminars & Events 12
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What Is The Best Route To Market ?
Direct to the consumer Agent, Distributor or Fulfilment House Franchising & Licensing Joint Venture Overseas Branch or Subsidiary Acquisition 13
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Characteristics Of A Trading Partner
Location Human Resources Financial Standing Mindset Strength of Local Relationships Reputation Consistency with own Positioning 14
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Preparing For A First Overseas Visit
Things To Check Before Travelling Local Arrangements Subsequent Agreement 15
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Preparing For A First Overseas Visit
Things To Check Before Travelling - objectives - language - culture & etiquette - cards, brochures, samples - prices, costs, margins - local support organisations 16
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Preparing For A First Overseas Visit
Local Arrangements - exact location, postcode, room etc - agreed agenda - meeting room equipment - phone compatibility, broadband strength - who will you meet & how senior are they ? 17
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Preparing For A First Overseas Visit
Subsequent Agreement - product range & brand range - territory - exclusivity - prices, terms, payments - targets and KPIs - level of ongoing support - Memorandum Of Understanding 18
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Feedback Hopefully you found this course useful, easy to understand and enjoyable. But your feedback is very important. Please download the feedback form, print it off, add your comments – and then send a scanned copy by to Thank you 19
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Mike Stokes Getting Started In Export Markets
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