Review the following list of items to see if your firm has what it takes to achieve export success:
- Make a long-term commitment to exporting.
- Develop an export marketing plan.
- Produce the right product for the market.
- Pay close attention to your export strategy, including product positioning and pricing.
- Be prepared to offer credit terms to customers.
- Give careful attention to the selection of your partner, agent or distributor.
- Nurture your relationship with your agent or distributor.
- Support your export marketing with multi-lingual promotional and technical materials.
- Hire personnel with who speak the languages of your foreign market and who know those markets.
- Ensure competent staff through on-going export training and international marketing courses.
- Develop a strong in-house support network for international marketing.
- Go out and meet your customers - send senior company officers to the foreign markets from time to time after a contract has been won.
- Exhibit at trade fairs or speak at international conferences - take full advantage of Government-supported trade fairs in your target markets.
- Learn the local culture and business customs.
- Consider using Canadian trading houses or experienced Canadian partners to develop the more distant and challenging markets.
- Honour your contracts with foreign customers.
- Be aware of potential hazards and manage your export risks.
- Be prepared to change strategy to suit often changing market conditions.
- Make a commitment to on-going research and development.
- Be prepared to respond quickly to changes in technology.
If, after reviewing the checklist, you feel that your firm is prepared to export, continue on to the next section.