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Determining Your Products' Export Potential
By: admin, 07 June 2006 Wednesday 20:11

There are several ways to evaluate the export potential of your products and services in overseas markets. The most common approach is to examine the success of your products domestically. If your company succeeds at selling in the U.S. market, there is a good chance that it will also be successful in markets abroad, at least those where similar needs and conditions exist.

Another means to assess your company's potential in exporting is by examining the unique or important features of your product. If those features are hard to duplicate abroad, then it is likely that you will be successful overseas. A unique product may have little competition and demand for it might be quite high.

Finally, your product may have export potential even if there are declining sales in the U.S. market. Sizeable export markets may still exist, especially if the product once did well in the United States but is now losing market share to more technically advanced products. Other countries may not need state-of-the-art technology and/or may be unable to afford the most sophisticated and expensive products. Such markets may have a surprisingly healthy demand for U.S. products that are older or considered obsolete by U.S. market standards.

  
Latest CommentsView All
Re:Determining Your Products' Export Potential
NokiaPakistan, Pakistan,25 January 2010 Monday 06:09
There are several ways to evaluate the export potential of your products and services in overseas markets. The most common approach is to examine..
Re:Determining Your Products' Export Potential
demo, Pakistan,11 April 2008 Friday 05:04
just test.
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