Selling into foreign countries need not be solely the province of major multinationals, nor limited to commodity products like oil and grains. Plenty of small — even tiny — companies export things like animal vaccines, packaging, computer technology and manufactured goods. The needs are endless since in many developing countries free trade is goosing up industries that lack competitive suppliers.
You can be the source for buyers big and small abroad — if your company is ready for the risks and pressures of making the deals and moving the products.
The best contacts and resources to help you get it done
Take a quiz — seriously
There are a lot of initial questions to ask, and the U.S. government is here to help.
I recommend: Export.gov has an excellent
readiness assessment that rates your company based on just nine questions. Once you know where you stand, move on to the detailed guide to exporting basics by
Unz & Co.
Work with resellers
Even large, established companies with resources use in-country resellers, often called a channel, to build a presence first. You'll make less, but with less cost, too. Some never shed their channel partners.
I recommend: The U.S. Department of Commerce operates
BuyUSA.gov, a site dedicated to matching U.S. exporters to foreign buyers and distributors. Check the
U.S. Commercial Service Web site for a list of contacts by embassy abroad; it's their job to connect you with the right people in each country.
Discover customs for beginners
A small slice of U.S. exports, like defense technology, is subject to regulation. Nevertheless, it is your responsibility to get an export license in advance.
I recommend: U.S. Customs and Border Protection is the clear starting point. The
Bureau of Industry and Security maintains a list of which federal agencies regulate what exports, with contact telephones.
Line up your financing
Unless you are sitting on a pile of cash, be prepared for more than the usual 90-days net from your business partners abroad. Often, it's better to spread the risk and protect your own cash-flow.
I recommend: Many local lenders will buy your receivables, and the U.S. Department of Commerce can find you a good source of such funding through its
export finance matchmaker program. See the
National Export Directory for a list publicly-funded state and federal agencies, for instance the Small Business Administration, that back export deals.
Find and negotiate shipping services
Depending on where you live and what you will be exporting, the company with which you will be dealing can vary.
I recommend: SimpleShip,
Freightquote, and
Freight Dynamics offer shipping quote services online, wile
uShip matches shippers to carriers with space.
Fairplay publishes has an extensive online shippers directory with address and phone contacts.