The Basic Export Procedure
If you need to export something from your country, there are a series of procedures that one needs to go through in order to get it done in a professional manner. It is not an easy task to export goods to another country, even though it helps the country earn foreign currency. When shipping or air freighting your product, there is much to consider and has to be done in a certain order to make sure nothing illegal goes through to another country. There are many risks when exporting products and insurance your products are a must. Given below are the basic steps of exporting.
Identifying the market
It is important for the exporter to clearly identify the markets and the ways of distribution before he or she gets in to anything. Understand what your target market wants, cater to them effectively and then invest on sending them abroad. Figure out whether the end pay covers your entire cost. Make sure you do a SWOT analysis before you start on, and get enough foreign market information in order to implement the whole process.
It is crucial to know the export regulations or requirement. Even though the exporting country may not have a problem with certain products being exported, it could turn out to be a massive dilemma when it comes to the regulations of the country it is exporting to. For example in Dubai a freezone license is needed to carry out export and import of specific products.
Quotations and terms
The exporter is required to send quotes for potential buyers in order to find out whether their products are worth the whole procedure. Negotiating the price is an important part of the entire process. If the return is worth enough, then it is advisable to go ahead with the plan. The exporters of different countries have different licenses to obtain, such as the freezone license in Dubai. Make sure to have the necessary and that you communicate the costs, pro forma invoices and terms of trade with your customers.
It is a vital part in the entire process to insure your goods when shipping them or air freighting them. There is a huge risk involved in the export process and in order to be covered from the slightest damage, insurance will help you. Weather conditions, rough handling by carriers and common hazards to cargo when transporting are a very natural thing. But being prepared will always help you get through any difficult situation.
Given above are a few things to remember when exporting products from one country to another.