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You will be aware from running your business in your domestic market that there is a difference between costing and pricing. It is only rarely that businesses can add up all the costs, then add a margin, and call that the price.
General business
7 months ago
0
224
Unlike selling domestically, selling internationally requires that you think about many requirements, some of which are legal requirements and some of which may affect your level of profit.
Trade & investment
7 months ago
0
223
You may simply be entering into a contractual arrangement as a customer or as a supplier or you may be considering something more collaborative. In every case, you will want to check out the businesses with which you will be working unless your arrangement with them is such that they pay for everything from you before you deliver.
General business
Trade & investment
7 months ago
0
214
Most business relationships are not in any sense partnerships – but sometimes businesses set out to work in partnership, perhaps because each party can bring complementary skills and resources, and sometimes businesses find themselves collaborating more closely than would be typical of a traditional customer/ supplier relationship.
General business
7 months ago
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206
Businesses are often to be heard talking about standards and quality – but what are standards and what does quality really mean? And, more importantly, what is their impact on your business?
Documentation
Trade & investment
8 months ago
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209
If you are planning to enter a new market, it is vital that you research your competitors thoroughly. This will help you differentiate your products or services from those of your rivals, identify any gaps in the market and plan your marketing strategy effectively.
General business
8 months ago
0
201
The most successful businesses understand the needs of their customers. Consideration of how the market can be segmented is an aid to such understanding. It can also help you to assess the competition and locate gaps in the market.
General business
8 months ago
0
213
Writing down a detailed plan may seem a difficult and possibly unnecessary task, but by clarifying your aims and ideas your business will be steered in the desired direction. In addition, a marketing plan can reveal some of the potential dangers ahead and ensure that you are prepared to deal with both the threats and opportunities which arise.
General business
8 months ago
0
207
‘Marketing’ has a lot of definitions, but what they boil down to is an approach to business which emphasises the importance of attracting and retaining customers. Key to this is ensuring that any product offered to a customer is designed to meet their needs and is available to the customer where and when it is required.
General business
8 months ago
0
208
Your research is intended to assist you to think through whether you can be competitive in a specific market. If you are competitive, you will thrive; if you are not competitive, you will not succeed.
Trade & investment
8 months ago
0
183