Selecting export markets
Trade Barriers, Competition and Culture
It is necessary to Analyze, Investigate and meet every requirement. Trade barriers that could affect the product should be identified, a comprehensive study of competition should be undertaken and the nature of cultures should be studied.
Intellectual Property Protection and Other Laws
Nowadays it’s easy to say that laws are enforced, but it’s also easy to handle hacking.
For that it is necessary to evaluate each country’s legal practices, safety and environmental regulations, and commercial code.
Weigh the Factors
When you are a beginner you should do research that reveals hidden costs and helps us differentiate good markets from bad markets. There are markets that can exceed export expectations but other markets can become incorrect because they are extremely costly in terms of time and money.
Scrutinize Human and Physical Infrastructure
If any of the products require trained support, you must have one of your own, if not, request support in other locations. Not having technical support can become a loss of profits already causes costly problems, some of the most common is: unreliable telephone networks.
Economic Indicators and Levels of Stability
It is important to know the movement of our product, productivity, imports, exports, demands, rate of economic growth of the country and income perca pita. It is necessary to keep abreast of political risks and social unrest.