5 mistakes to avoid when deciding to go for export
12.05.23
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3 min read
Many SMBs who started to export in 2019 failed to export in 2020. In 2018, less than 30% of companies who started to export 2 years earlier remained active internationally (source : French Customs – DGDDI). Let’s take this opportunity to remind a set of mistakes NOT to do when exporting.
1. Go by chance
International sales is not a matter of chance or a hobby, it’s a matter of professionalism and should be planned within a global strategy. It takes time and dedicated, experienced human resources.
2. Move without priorities
Shall you want to sell abroad, do not consider all markets at once. Even Airbnb, Uber and countless successful companies started step by step before becoming global.
3. Consider the world as unique
Many countries = many cultures = beauty of our world. Perception of colors, names, attitudes, prices, UX or CX can be very different according to cultures, hence markets. Localize and adapt.
4. Mismatch timing
Many companies fall in the trap of expecting short time results in conservative markets. Many also « forget» to follow up closely.
5. Under-estimate the legal and competitive levels
Local competition and legal barriers, including norms, can turn an export plan into a time-consuming «adventure». A market survey is a must.
International sales is not a matter of chance or a hobby, it’s a matter of professionalism and should be planned within a global strategy. It takes time and dedicated, experienced human resources.
2. Move without priorities
Shall you want to sell abroad, do not consider all markets at once. Even Airbnb, Uber and countless successful companies started step by step before becoming global.
3. Consider the world as unique
Many countries = many cultures = beauty of our world. Perception of colors, names, attitudes, prices, UX or CX can be very different according to cultures, hence markets. Localize and adapt.
4. Mismatch timing
Many companies fall in the trap of expecting short time results in conservative markets. Many also « forget» to follow up closely.
5. Under-estimate the legal and competitive levels
Local competition and legal barriers, including norms, can turn an export plan into a time-consuming «adventure». A market survey is a must.