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7 Ways to Become a World-Wide Small Business in 2018
It's important for small businesses to pursue competitive advantages. Having said that, very few American companies export and over half of those distribute goods to only one other country.
By: Corporate Business Solutions Consultants
If you're considering going global, it's important to take the right steps in doing so. Corporate Business Solutions (https://www.pinterest.com/
Historically, most business starts at the local level and expand regionally, nationally and then internationally. Today, however, we see many small companies starting in the online space. Maintaining a strong presence on the web, complete with an engaging website and consistent social media marketing, is imperative to going global.
Social Media Marketing
Exploiting social media platforms to your advantage is a fantastic way to boost your company from the local to international level. Consider using social media management tools or software to help with the logistics.
If you have plans to go global, you'll want to ensure that you have a strong returns policy. Unfortunately, many companies avoid this step. Take time to establish a strong policy that is communicated clearly online.
It's always a great idea to ask for help when needed. Taking your business to the international level can be particularly daunting. Thus, it's important to consult mentors and counselors to help you in your expansion.
Compliance and Taxes
Take time to understand various compliance and tax codes as you go global. For example, shipping products outside of the continental U.S. may require specific licenses. You'll want to research and study these codes and rules to help you in the process.
The wonderful thing about the Internet is that it provides you with a breadth of information. You'd be surprised at how much you can learn about foreign markets online. Having said that, it's also important to reach out to local businesses to obtain some names and contact information in order to learn about establishing a business in a new area.
Think Logically - Go North First
Using Canada to your advantage is a beneficial first step. Many small businesses go international by first staying within the continent but by pursuing business north of the border.
As your business continues to grow, consider following the aforementioned seven steps to going global. You will expand your company and reap some tremendous rewards in the process.
Corporate Business Solutions Consultants