Expanding into international markets or even markets within your continent can also be a powerful boost to your business’s bottom line?.
Like franchising, this is a way of growing your business by accessing new customers in different geographic locations. However, it also requires a major commitment of time and resources.
Although expanding internationally or even within your continent can be legally complex, as you will need to deal with the restrictions of trade and customs laws across multiple countries, if you have the time and resources, exporting your product allows you to grow into markets that were previously inaccessible, creating huge opportunities for growth.
For example, a fashion designer can make a contact outside of Nigeria for sales of her clothing line to Nigerians in that country. While an agriculture farm products seller can also plan to begin exporting her farm produce outside the country. A hair seller can also do the same for her hair products etc.
As exportation is mostly available for products in high demand, you may want to consider introducing such products in your line of business , if you want to consider going into exportation.
Stay tuned with us as we work to bring you more tips on how you can leverage on exportation for your business growth in September.
In the meantime, you can work out & share the products you are looking to export with us.
