With British exports predicted to be worth £1 trillion per year by 2020, now is the perfect time to start selling your products abroad. But for many business owners, common myths about exporting prevent them from reaching their global potential.
From increasing your profits to creating more jobs within your local economy, there’s so much to gain from exporting. But if you’re worrying about language barriers or having sleepless nights over shipping, we’re here to help.
In this blog post, we’re going to bust the myths we hear from businesses every day. Whether you’ve lost your exporting mojo or don’t know where to start, these are the things you definitely shouldn’t be worrying about.
“Exporting can be risky”
Selling abroad is no more risky than selling within the UK. Like any strategic move you make, exporting simply requires thorough research and careful planning. Most risks can be identified and reduced by using proper documentation for each stage of the process – your local Chamber of Commerce can help you with this.
“I’m too small to go global”
Exporting isn’t just for big-name brands – SMEs are conquering the globe at a rapid rate. Thanks to grant aid and crowdfunding, finance doesn’t have to be a roadblock for SMEs wanting to expand their operations. We have funding available to eligible SMEs through our ERDF SME International Growth Pproject, find out more by attending one of our free drop in clinics.
“Business is booming, I don’t need to export”
Your accountant’s happy, your social media accounts are growing and your team are rushed off their feet. What’s the point in exporting when things are great the way they are?
The truth is, we live in an increasingly globalised world – and no market remains static forever. Exporting increases your sales potential and your profits, helping to secure your business for years to come. An initial investment now could mean earning your spot within a global marketplace forever.
“I can’t export if I don’t know the language or customs”
You’re right. Shaking hands on a deal in the USA is totally different from doing business in Brazil. Luckily, our team of expert advisers can help you navigate the tricky world of etiquette and customs.
We’ve hosted sushi suppers for businesses interested in Japan and trips to France for those hoping to see their products in Paris. We also host regular business culture workshops so you can get to grips with the culture in your chosen market before you hop on the plane.
“Exporting is just too complicated”
This is the the biggest misconception of them all. When businesses get in contact with us, they usually imagine stacks of paperwork and long days of faff laying in wait for them.
From choosing the right markets to learning about different embassies, we admit that exporting can feel complicated at first. But it doesn’t have to be. Our dedicated team of International Trade Advisers will be there every step of the way.
From our very first meeting with you, we’ll help you to research markets, find buyers and offer advice on logistics. Your exporting journey could start with a phone call today – get in touch.