In international exchanges, in order for the parties to the contract to have sufficient information about the full specifications of the goods to be exchanged and the way of transportation, packaging of the goods (packaging of export goods) and the terms of payment, they use all kinds of commercial documents to show this. cases and even, if possible, there is…
As your business expands, you may find that your local market is not enough to sustain your sales needs. This is where finding export customers becomes crucial for the growth and success of your company. In this comprehensive guide, we will explore various methods and strategies to help you find buyers for your export products. From working with foreign agencies…
In the world of international trade, pricing strategies play a crucial role in the success of an export business. Finding the right pricing strategy is essential to ensure profitability, competitiveness, and sustainable growth in foreign markets. In this comprehensive guide, we will explore various export pricing strategies, factors to consider, and tips to set the right price for your products.…
How to Remain Competitive in Today’s Business Environment In today’s world, businesses compete not only with local players but also with global ones. Hence, companies need to find ways to remain competitive in the market to survive and grow. In this article, we will discuss the key strategies that businesses can use to stay ahead of their competitors. Understand Your…
Incoterms, short for international commercial terms, are a set of globally recognized acronyms established by the International Chamber of Commerce (ICC) to define the responsibilities and obligations of buyers and sellers in commercial transactions involving the transportation of goods. These terms serve as a standardized communication tool, ensuring clarity and minimizing confusion in the complex world of international trade. In…
As the business world becomes increasingly globalized, commercial companies must navigate the complexities of operating in both domestic and foreign markets. While some businesses focus solely on their home market, most seek to expand overseas to access new customers, resources, and opportunities. The process and operation of commercial companies in domestic and foreign markets entails key strategies to succeed in…
As global trade continues to expand and developing countries increase their presence in international trade, the food industry and its regulators need to be aware of the risks and prepare for the issues that can occur. Reducing this risk throughout the global supply chain requires that the industry produce safe, high-quality food and that all governments have food-control systems in…
6 Steps for Building a Successful Export Strategy Start an Export Market Expansion Program Organize the Program Designate program leaders and export teams. Summarize baseline company and export history. Benchmark Company Preparedness Conduct an export benchmark assessment. Summarize significant findings and define action steps that will need to be implemented. Define Export Outcomes Determine your company’s rationale for expanding exports.…
In business, you’re gambling and a wise gambler first evaluates his cards, calculates the risk, and then makes a bet. It’s a number game, not an emotional one. Our colleagues are a little worried and also need clarification about trading with Iran related to its current situation. Doing business with Iran requires understanding the people, culture, etiquette, and approach…
In today’s world, there is no business without marketing. Also, the lack of international marketing in businesses can reduce product sales and reduce work efficiency. Therefore, in the following, we will discuss the points that are vital to know in order to do foreign marketing. 1- Make the most of the available budget Securing sufficient capital to expand abroad is…