Expanding your business to a foreign market is not a small feat. However, it is a necessary one if you plan on growing your business to another level.
We say it’s not an easy fit because entering a market that you don’t know anything about does not only pose a logistical challenge but also potentially a cultural one.
However, there is a way for you to overcome that problem by employing or hiring an export management company to handle the transition for you.
Now, you might wonder – why would you need someone else to handle your business for you? Wouldn’t that mean a lower profit margin and dealing with more problems? Well, while it is somewhat logical to think so, that’s actually not the case. In fact, an export management company will benefit your business in more ways than one.
What Is An Export Management Company?
Before we get into the advantages, let’s just take a quick look at what an export management company like LeverbrookExport is.
To put it simply, an export management company is a company that acts as a sales agent, distributor, or an outright export department for a manufacturer or a supplier of various goods. They can also act as an import sales representative, promoting their international clients to potential domestic customers.
Now, let’s look at the advantages.
It Mitigates Risk Of Error
When hiring a service like this, you’re essentially mitigating the risk to them. And, seeing how these guys are respected experts in their field, these risks are small to non-existent.
Now, we’re not saying there aren’t risks involved because there certainly are. However, the risk of an error, meaning doing something wrong or potentially illegal, is non-existent because these companies are well-versed in their job, and they know how to do things the right way.
On the other hand – you’re not. So, it’s better to let someone experienced work on your transition.
It Requires Minimal Effort And Involvement On Your End
Arguably the best thing about hiring export management services is the fact that it requires absolutely minimal effort and involvement on your end.
The only thing you have to be concerned about is hiring a reputable company. That’s it. The management company will do the rest and will inform you of how things are moving forward. After all is said and done, you’ll just have to pay for the services rendered and reap the benefits.
It Allows You To Shift Your Focus On Other Aspects Of The Business
The fact that you don’t have to stress about transitioning into international markets is a blessing.
This process is anything but simple, and it requires a lot of hard work and dedication – especially if you’ve never done it before. The fact that you have someone else doing it for you means that you get to allocate your other resources to other aspects of the business, keeping the cog running without any hiccups.
It Does International Marketing And Research For You
You could probably do decent market research into a foreign market, but as you know, that would require a lot of work, dedication, and resources. On top of that, upon finishing the research, you’d have to figure out the best way to market your product or services on foreign soil. And, that’s just too much work for one person.
Fortunately, an export management company does this for you. They will conduct all the necessary research and come up with a sound marketing strategy that will help you propel your products or services as soon as they enter a foreign market.
It Operates Through A Well-Established Network
The reason why a company like this is able to do this much with significantly less time and resources compared to you is that they’re well-connected. All of these companies have their preferred markets, and all of them operate through a well-established network of clients and businesses amassed over the years.
When you rely on connections and trust that were established and nurtured over a long period of time – everything runs smoothly.
It Handles All The Logistics And Documentation
Probably the greatest headache associated with international expansion and export of goods and services has to be paperwork. There’s nothing more tedious than dealing with documentation. Fortunately, this is not something you’ll have to deal with if you hire an export management company.
A company like this one will handle everything from paperwork to end logistics without you ever having to worry about any of it. You’ll just notice your product’s moved and things are going well.
It Provides You With International Labelling Services
Every country has similar, yet a bit different, labelling laws. To save you another headache of having to research the laws and regulations of multiple countries you wish to export to, an export management company does this for you.
Most of the time, due to their extensive experience, export management companies already have all the data and information ready, so they just start printing your labels when the time comes. They’ve done all the research previously, they know the laws and regulations, so, they just get to work.
And, in case they don’t – they have a team of experts that are going to learn everything they have to in the shortest amount of time possible.
It Saves You Money, Time & Other Resources
While it is true that you’ll pay a fee or a percentage of your sales to an export management company, those expenses are incomparably lower than if you were to do this all by yourself.
Just think of the money and other resources you would have to put into the research of foreign markets – just research. Where are logistics, documentation, field-testing, laws and regulations, and so many other aspects? You’d spend a fortune to get everything in order.
With export management services, you’ll spend a fraction of that number, and you also won’t have to work nearly as hard, resulting not only in financial savings – but other ones as well.
An export management company brings a lot to the table, as you can so obviously see. It makes your transition to a foreign market smoother and easier than ever imagined.
Hopefully, reading about these advantages will help you realise just how beneficial these services are. In the end, we can only hope that you find a good export management business partner, and they’ll do the rest.