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8 REASONS FOR UK COMPANIES TO START EXPORTING

Here are 8 reasons why a successful UK company should begin exporting products or services.

1. Increase Revenue and Market Growth

By exporting to new and emerging markets you can increase your market size and this can lead to massive revenue growth. The UK is currently the 6th largest market in the world and the 3rd largest in Europe (the top 5 markets are: United States, China, Japan, Germany and France

2. Increase profit by using full production capacity and bringing costs down

By exporting to larger markets you can increase production, reduce costs and ultimately increase your profits. If you don’t wish to increase capacity straight away then exporting to overseas markets can be a great way to sell excess products.

3. Develop and design new innovative products

Exporting products to new markets often leads to innovation, in many cases you will come across new ideas and opportunities which will kick start you to develop new and modified products to meet international demands. Research shows 48% of companies reported that foreign trade has increased their return on investment from product and service development .

4. Grow your brand and become a global presence

Exporting overseas can help you build an international brand name and gain a presence in the global market.

5. Get ahead of your competition

The UK can be a saturated market to work in, by expanding internationally you can get a head of your competitors by accessing untapped markets before they do. Many overseas markets have fewer competitors (especially in emerging markets) and competitors may under value the potential profits of exporting or be overwhelmed by working out the logistics for selling overseas. This leaves you with a fantastic opportunity to start international exporting. You may already be manufacturing at less than capacity and the minimal cost of increasing capacity can allow you to gain market share at a relative small outlay.

6. Reduce seasonal and economic downturns

Seasonal products can cause headaches for many businesses and exporting to overseas markets with different seasonal shifts are a great way to keep revenue coming in and reduce the dreaded ‘seasonal downturn’.

7. Extend your product life cycle

Many products gradually loose popularity within the market and sales start to drop off, often companies turn to advertising / marketing to try and boost sales but this can be costly and often unsuccessful. By exporting to new markets you can take advantage of delays in the global market.

8. With Baxters as your logistics provider, exporting couldn’t be easier

Baxters has been helping UK companies grow year on year by providing simple, cost effective export solutions. Providing access to new markets and working out the best logistics methods for your goods. We can handle everything from warehousing to overseas transportation, marine cargo insurance, supply chain management, customs clearance and documentation.

Find out how we can grow your business.

Contact us at shipping@baxtersgroup.com or +44 (0) 1902 492205

 

 

Sources Open to Export www.opentoexport.com