Posts Tagged 'International business'

Everything You Need to Know from Our wegginar® with Cristina Bandal

wegginar_NOV_2018_website

This past Wednesday, wegg® had the pleasure of hosting the Industry Segment Manager of Retail and Consumer Goods for UPS, Cristina Bandal. Bandal lead one of our free online wegginars®, which provide monthly, accessible education to women entrepreneurs everywhere. Bandal’s talk covered how to overcome the obstacles that people face when trying to sell their products to the global market. She also answered the questions of wegginar® participants. Read their inquiries, and her responses, below:

  1. What’s the single biggest challenge on why people don’t setup an online storefront?  Setting up an international store may sound complicated if you are thinking of creating a country site – but with only a few enhancements, you can make international customers feel at home. 
  2. What are your thoughts on how to factor in taxes, (shipping and duty), to price my products profitably, yet make them affordable to my customers?  With the solution available, your catalogue will provide the information needed to calculate a duty and tax, and offer a landed cost to your customers (and protect you from abandoned goods!)
  3. How does our current trade war with China impact the information presented in this wegginar®?  Whatever tariff regulations are passed are updated to protect the shipments.
  4. Is there a way to target one foreign market when I launch my e-commerce site so that I can test the waters?  YES!!  You can choose what countries to target.
  5. What’s the best way to setup a payment method, in your own currency or the customer’s?  International consumers would like to see their own currency to avoid surprises. By using the UPS i-parcel solution, you are protected by allowing transactions to be processed through UPS, and provide fraud protection.

To read Bandal’s extended answers to these questions, and more, you can view the full presentation (PDF) from the wegginar®, here. wegg® was honored to have Bandal share her experience and knowledge with us.

If you were not able to participate in this month’s wegginar®, we already have registration open for our 12/5 talk with Andrew Molinsky, Ph.D. He will talk about how, “if you are not outside your comfort zone, you won’t learn anything.” Register here.

Explore Overseas Production Partners

Four businesswomen from Bee Inspired, LLC — a company that spreads inspirational messages, motivational thoughts, and positive actions throughout the world — share experience about taking their company global. They successfully launched their first product and globally sourced the main components in less than one year.  Conducting international business can indeed be challenging but as they women point out, that if you lead with passion, resourcefulness and determination, absolutely no challenge is insurmountable.

One of the questions addressed:  How did your company get involved in international business?

Sue Dickinson: After talking with several local manufacturers, we soon realized domestic production costs would keep us from pricing the product competitively. So in order to get to a lower price point we went to Alibaba.com and explored foreign production partners. We connected with a manufacturer in India and worked through all the details, specifications and quality over e-mail and the Internet.  Actually, we never even spoke to our contact on the phone until after we imported our first 500 units. In a relatively short time frame, they delivered the products we specified, at the quality level we required, and at the right cost.

Learn more and PURCHASE here.

FYI:

In less than a year this group of ladies took an idea, made global connections and launched their first product—and a promising international company. They make it look simple by leveraging local and global resources along with technology. Visit www.portlansing.com to learn more about Bee Inspired and how Greater Lansing is going global.

Posted by:  Laurel Delaney


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