An important way to initiate growth and development in the market. For this, a correct export strategy should be established. Successfully executed export processes
According to TUIK data, 36.6% of total exports and 21.5% of imports in 2019 were made by SMEs. Although there is no other recent statistics announced by TUIK,
Can SMEs Export? Why Should They?
We can observe that the number of SMEs that are turning to export and wanting to export has increased with the pandemic process. However, many SMEs do not know how to act on how they can enter and develop in international markets today, where travel is restricted, fairs are not organized and processes are moved online.
In this article, firstly, if there are SMEs that have not yet decided to export, we will talk about why they should Poland Phone Number List export. Then we will share with you 5 strategies that you should pay attention to for a successful export. Happy reading.
Many small businesses do not consider their export potential because they are too busy running their day-to-day operations. Often companies consider exporting too burdensome or complex, or they are not yet aware of government subsidies. However, there are many reasons, rather than obstacles, for a SME to start exporting.
Increase the overall sales and profit of your business
This is proven by numerous statistics. Export-worshipping firms earn more. After all, we don’t need to talk about how valuable the currency is, right?
- Reduce your costs with increased production Email Lists
If you are a manufacturer and your company has excess production capacity, it will be marginally cheaper to produce 1000 units than 500 units, so your cost per unit will decrease as you expand your customer base with new foreign markets.
- Expand and expand your customer base
Where are your company’s potential customers? By looking at the world demographics, you will find that more than 95 percent of the world’s population is located outside of your country. If you have a product or service to sell, where do you want to go? Thanks to digitalization, reaching buyers in foreign markets is much faster and easier than before.