Posts Tagged 'international expansion'

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.

Confidence and Bold Growth Plans Will Take You Global

ConfidenceAndBoldGrowthPlansCanGetYouGlobal

A survey of Asia-Pacific women entrepreneurs has found that “while confidence and bold growth plans are trademarks of the region’s female business owners, they face some behavioral barriers to successfully scaling their operations.”

The survey was conducted as part of the EY Entrepreneurial Winning Women™ (EWW) Asia-Pacific program, which is sponsored by Standard Chartered, and assists established women-led businesses ready to become global market leaders.

Here’s one finding:

An overwhelming majority (90%) of the 143 respondents reported that they plan to scale their business, with 60% planning to grow internationally and 16% working toward an IPO. Almost two-thirds (58%) of those surveyed have explored external financing options; however, 73% admitted they found the process “intimidating.”

Learn more:  High-Potential Asia-Pacific Women Entrepreneurs Have Appetite for International Expansion New Survey Finds 

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Note: Don’t miss our next WEGG webinar 8/24 on “Reach Multilingual Markets: Creating Content, Developing Effective Partnerships, and Utilizing Translation Technology,” and presented by expert Jennifer Murphy, Director of Marketing, Eriksen Translations, Inc. Register here: https://attendee.gotowebinar.com/register/8702241284561995012. Event is no charge but you must register in advance to attend.

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Colleagues On Tap Eager to Export Concept to Other Countries

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Jayne Graham, who came up with the idea of Colleagues on Tap (COT) five years ago after working at home herself for many years, sold her business to concentrate on her coaching and consultancy practice, 20:20 Consulting. Durham-born entrepreneur Jo Cameron purchased COT from Graham and has ambitious plans to grow the company exponentially both in the UK and abroad.

COT helps home-based small business owners come together on a regular basis in an office environment for the day. Once there, they are able to share experiences, peer mentor one another and combat the isolation of working alone.

“Once you look abroad it becomes a mind-blowing opportunity which is my ultimate aim. I [Graham] have strong links in Australia and America and this is an export opportunity I am eager to take to those countries.”

Read more: Colleagues on Tap Set for International Expansion Thanks to Durham Entrepreneur

Photo courtesy:  Colleagues on Tap

Are You Ready for International Expansion?

InternationalExpansion

Before entering international markets, many small business owners focus primarily on their domestic market. Usually, initial international marketing begins with unsolicited inquiries from foreign customers online via email, website, blog or posting on a Facebook Page. In the following article that I authored for American Express’s The Knowledge Center, you will learn how to determine if your business is ready for international expansion and how to identify international opportunities by utilizing online resources.

Read the entire article:  Are You Ready for International Expansion

Photo courtesy:  BDO

Posted by:  Laurel Delaney

 


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