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Tuesday, November 26, 2013

Why not expand your business globally?

Many firms focus their business on the market they know - the USA.  While that has been a good strategy for the last few years, the Internet, trade finance, trade agreements and other technologies have made the rest of the world accessible.

Why export?  The future market is globalization - more customers mean more profits.  Lets's look at a few statistics:

According to the International Trade Administration...


  • 70% of the world's purchasing power is located outside the United States.  
  • Less than 1% of the US's 30,000,000 firms export.  
  • Of the firms that do export, about 58% only go to one country.
  • 98% of the firms who export are small and medium sized business - but only represent 1/3 of the US exports in value
  • Exports in 2011 accounted for $2.1 Trillion and 13.8% of the US GDP.
  • The US is known for high quality, and quality goods & services, with excellent customer service.
http://www.trade.gov/cs/factsheet.asp  

What is holding you back?

Logistics - How do I get i there?
Financing - How do I finance it?
Fraud Fear - How do I protect myself?
Platform - How do I sell globally?

This blog will attempt to offer ideas and resources to help you expand further.