Exporting products to other countries is a lucrative activity. It is only important that there are enough high-income consumers. It would be good to study the local market and import regulations, as well as attract professional distributors. What should be done to ensure that the organization of product export is really successful for you and brings the greatest profit?
Instructions
Step 1
First, conduct a thorough analysis of the market for foreign goods on the question of the demand for your particular product. There are consulting companies for this. They will be able to professionally conduct such research. You can also contact the Russian embassy located in the country of interest for help.
Step 2
Register your product patent, copyright and trademark. Counterfeit goods are common in many countries. Therefore, it is registration that will legally protect your product from possible falsification.
Step 3
Before opening your company in a foreign country, study the local laws of the country, establish business or personal ties with one or more of the indigenous people of the state. It is possible that in one of the inhabitants of the area you can get yourself a profitable business partner who will be able to deal with sales and distribution of your goods. Then you can create a joint venture with him, which will cost you much less.
Step 4
Before signing any contract, hire an experienced lawyer in the region where you are going to do business. A local lawyer will help you competently draw up a bilateral business agreement, taking into account all bureaucratic laws and specific provisions, even for a single province. There must be spelled out the requirements for each of the partners and the exact amount of remuneration.
Step 5
Use the services of the most profitable transport company. In developed countries, as usual, there is a large selection of firms involved in transport supplies. Therefore, in order not to miss the mark with a choice, conduct a thorough research on the transport services market. This is just as important as the correct preference of the exporter.
Step 6
Get ready to pay taxes and be sure to check the import regulations that the government has approved overseas. They should be performed when transporting goods. This will help you plan your financial costs correctly.
