When conducting trade through B2B websites such as EasyTrade.com, it’s important to look at some of the factors in your target market.
Rather than venturing directly into the offshore market, every business firm should make a prior analysis about the feasibility of exporting its products. This process, which is termed as “assessing export readiness”, must be a systematic, unbiased and a properly planned procedure that can be useful in evaluating the viability of the product in international market.According to US Department of Commerce’s Export Qualifier Program, there are certain criteria that can determine the export readiness of the company and its products. There criteria can be broadly termed as organizational factors and motivational factors.
Motivational Factors – One of the prime motivational reasons is business expansion. A successful export business requires a proper planning involving detailed market analysis,structured overseas partnership and developing an international sales and marketing strategy. Proper use of B2B websites allows you to gain access into new markets for expansion. Competing in the international market provides an opportunity for the companies to get exposed to international standards, acquire new technologies, building long-term partnerships and improving the quality of their products. International customers demand superior quality products. Any company with a technologically advanced product can make a successful impact in the export sector.
Apart from these, the company must have the resources and manufacturing facilities sufficient to cater the demand of the international market. There should be no compromise in the quality of the product even with an increase in the production capability of the company. Along with these criteria, a detailed market analysis must be done in order to determine whether the product would qualify for the international market.