Entrepreneurs end up exporting their products and services for all sorts of reasons and often do so in a variety of ways. You may even find yourself unexpectedly entering the international market, unaware that your business needs an export plan.
The accidental exporter
You receive an order from a client in another country who found your products via your website. You decide to fill the order and thus become an accidental exporter. To get the most out of this new opportunity, you will need to know about the regulations governing the exporting of your products, both in Canada and in the destination country. This will help you ensure you are in compliance with any quotas, licences and other key administrative procedures.
The uninformed exporter
You have successfully filled one or two orders from clients living in other countries. Are you interested in exploiting this new market and offering your services to as many people as possible? Make sure to avoid the pitfalls that await the uninformed exporter. Many resources are available to help you make your exporting experience a success:
- Figuring out if your company is ready to make the leap
- Conducting export market research to identify business opportunities and the competition
- Drawing up an export plan to set out the procedure to follow
Entrepreneurs taking on the world
Your company is well established in Canada and its results are encouraging. You decide to expand your client base and offer your products worldwide. Diversifying this fast can mean serious risks for your company. These can be minimized by using services set up to help you find markets with more potential and take the particular characteristics of each country into account, including:
- Business customs
- National currency
- Trade agreements
- Restrictions specific to particular countries
Proper preparation for exporting can mean success in marketing your products and services abroad. However, it is important to consolidate your presence in local markets before tackling foreign ones. To find out more, visit our Exporting page for access to all the resources listed above, and more. Don't wait!