7 Mart 2013 Perşembe

SIX CORNERSTONES OF SUCCESS IN INTERNATIONAL TRADE



A few months ago I watched a video and Richard St. John was telling how to achieve to success. Success… The word all of us want to see beside our names. What Richard St. John was explaining was what leads to success in general meaning. But, as we know business has many different dynamics that can require different kind of mentality. Moreover, we are in B2B’s magical world J and this makes things different too. So, I was thinking “Ok, he is right about what he is telling us. But, what exactly leads to success in international trade?” Till that time, I have come up with 6 very essential factors to get more return from international trade in exchange of our efforts. 




·    Network. International trade is all about having a large and effective network. Then, you will be able to understand what actually you have to constitute or reshape by setting up continuous relationships with companies in your networks. In this way, you will reduce your learning time and have first-hand information which will help you a lot.
·       Well-preparation for procedures. International trade operations have many procedures and paper works. To be well-prepared for these jobs in order to speed up the process is very important. Yes, I know they are not that interesting to doJ but still have to be done.
·       Being persistent. Due to many different factors, export/import operations are time-takers and will force you to work a little bit harder. But, as it is case in every situation, hard-working brings a lot. You will face many things you haven’t encountered before but you shouldn’t give up. After handling first export/import transactions with any new partner, further operations will be easier and more profitable.
·    Welcome differences. Two parts involve any international trade operations bring differences with them. What you should do is to welcome any kind of differences. They can be cultural, operational, strategic, bureaucratic etc. Don’t judge any of them. Don’t ask why. Just accept them and go on for further steps.
·     Engagement into conversations. The most important factor in trade is human relations. Setting up trust between you and your business partner is very essential. That is why you need to be effective in your networks. But, don’t treat other side only with business mind. After all, people like warm conversations. Sometimes calling your buyers or suppliers just to ask how they are doing can be very beneficial. Another important issue is replying questions or requests coming from partners as quick as possible. You will always have time to do that.
·      High adaptation level. Features of any product can be different from country to country. Also, the way of business doing is not same in every region. Therefore, being flexible and having high level of adaptation can provide you many advantages. This will help you to keep your target market circle larger and correspondingly your company reputation much better.

There are six important factors to achieve sustainable success in international trade. Of course, export/import operations include many details within but, getting these six as your cornerstones will present you new paths to go and new visions to capture.

To share your ideas and see what is happening in international trade, please join our LinkedIn group, “Network in international trade”: http://linkd.in/VlyLja

Salesupp.NET - where sustainable trade is



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