Export Guide and Business Tips

Export Guide and Business Tips

When you plan on exporting from Australia to another country or countries, there are specifics you need to focus on such as the shipping documentation and the processes that one must follow. As your freight forwarder, this export guide can assist with a few business tips that will step your business game.

Financial Assistance Strategy

As part of this export guide, we recommend you have a business plan, and in it, you should detail out financial assistance for your international operations in detail so you can obtain financing from your bankers or other financial institutions. This is one of the most crucial steps when doing exports from Australia and entering the global market. When your consultants explain the degree of financial help required to expand your business internationally for Australian exports, it might be a little overwhelming. However, there are ways to receive money to start things off, such through grants and a variety of financial products. One of the tools that can assist new exporters is credit insurance.

The following expenses should be included in your exports budget for financial support:

  • Market entry and marketing costs: These cover a wide range of expenses, such as regular visits to your target markets, the provision of samples to your line in the supply or distribution chain, the hiring of specialized staff, such as an export manager, and even the hiring of consultants to offer advice on exporting from Australia to said market.
  • Working capital is the capital that a company uses for day-to-day trading activities. It includes cash, accounts receivable, inventories, fleets of vehicles, warehousing facilities, etc.

Picking a Freight Logistics Company

One of the essential elements of success is teaming up with a reliable freight forwarder like Transco Cargo. You can receive favorable shipping costs, routes, and modes for good lead times and rapid delivery if you get team up with reliable and reputable logistics partner.

Procuring Sales Leads

Sales leads can be derived through push/pull marketing. A general rule of thumb would be to have a procedures in place for handling sales leads when first entering the market. For instance, defining what would qualify as a sales lead, evaluating the customers profiling/wants/requirements, the acknowledgement of sales leads inquiries within 48 hours of receipt, as well as determining the type of prospective clients as well. Further, processes of follow-up should also be established by the sales team to strengthened with personalisation would be ideal.

To get sales leads, decide between push marketing and pull marketing. Following this export guide, in sales, a  good general rule of thumb would be to have a procedure or plan in place for handling sales leads when first entering a market. As an illustration, you should be able to qualify a sales lead, evaluate the wants and requirements of the customer, acknowledge receipt of the sales lead inquiry within 48 hours of receiving it, and determine whether the query is coming from a potential buyer or an agency. In order to strengthen the lead, it is also important to implement a follow-up protocol and make sure that the on-the-ground team is contacted personally.

Put Distribution Agencies in Place

With any guide, be it an export guide or business guide, when creating the business strategy, basic research on possible distribution agencies would have been conducted; nonetheless, contacting them and forming agreements with the distribution agencies is a crucial element for a successful exporting firm.

Keep checking back for more blogs and articles on how to grow your company internationally with Transco Cargo.

Transco Cargo Australia -Cargo Freight

Transco Cargo Australia -Cargo Freight