In recent months, the International Trade Administration has published videos on “How to Export” with the purpose of helping businesses quickly undertsand how to navigate the exporting world. These “How to Export” videos are under five minutes with educational information that a business can implement in the short-term. For full access of all videos, click here. To get more information about each of the video series, read below:
- Get Ready to Export
This series will cover the first steps in the export process, an example of an export plan as well information to know whether your business is ready to export.
- Plan Your Market Entry Strategy
Once an export plan has been created, a strategy to enter markets must be put together. The first step is researching the different markets, selecting which ones to enter, researching export regulations and foreign import regulations.
- Find Foreign Buyers
There are many ways to attract foreign buyer interest. This video series explains the different sales channels and methods of finding buyers ( i.e., trade shows, trade missions or through e-commerce).
- Get Paid & Finance Your Export Transactions
Getting paid is one of the most important parts of running a business. This video series highlights and compares methods of payments (such as cash in advance, open account or letters of credit) and export credit insurance and other finance options to help jumpstart your foreign sales.
The Export-Import Bank of the United States (EXIM Bank) has export finance solutions to help your small businesses mitigate foreign risk while helping your business to close deals quicker. For more information on our products, click on the link below to set up a free consultation with an EXIM Bank specialist in your local area!