Exporting: The Business Benefits of Trading Internationally
Discover why it's time to take your small business global...
The benefits of exporting can allow companies to:
- Achieve levels of growth not possible domestically.
- Increase the resilience of revenues and profits.
- Spread business risk.
- Achieve economies of scale not possible domestically.
- Increase the commercial lifespan of products and services.
- Increase the returns on investment in R&D
- Improve financial performance.
- Improve productivity.
- Boost their profile and recognition internationally..
Exporting: It’s time to go global
Have you ever thought about doing business in overseas markets? If not, or you thought it too difficult, then you might want to think again.
Exporting can help you survive and grow. There are real opportunities to trade internationally; UK products, services and expertise continue to be in demand across the world. There are opportunities – both in traditional, established markets such as Europe and the US, and the high-growth economies of countries such as China, India, Brazil and Russia.
As hosts of the 2012 Olympic and Paralympic Games in London, the eyes of the world are firmly on the UK. This provides a perfect platform for UK companies to showcase their expertise and do business in overseas markets. This guide aims to help you grow your business internationally. If you haven’t exported before, you will probably have lots of questions. As this guide sets out, there is a lot of expert assistance available.
“If you become an exporter, the evidence shows that you are likely to improve your productivity by a third in your first year alone”
Mark Prisk, Minister of State for Business and Enterprise
“Exporting is a must to survive in these difficult times. Despite the challenges, the opportunities are simply staggering. A British-made product is a mark of quality, and has a higher value overseas. Exporting can be challenging but also exciting”
Mary Barnett, Director, Chokolit
Case Study – New York Delhi
Exports have helped west London snack business New York Delhi more than quadruple its turnover since its launch in 2009.
Its premium peanut brand, ViPnuts, is now being supplied to Canada, Eastern Europe, France, Germany, Spain and the US. Market visits to New York and Delhi have enabled them to meet potential distributors and exhibit at overseas trade shows.
Managing Director Nina Uppal says:
“We are truly going global. Because of the excellent advice, support and contacts we have received, New York Delhi has been catapulted into the global market, giving it the sort of exposure I had only dreamt of.”
“We have already caught the eye of a couple of giant food multinationals. I always knew we had an excellent product and brand, but it was really about how we shouted about it.”