Going International Can Help Your Business Go Farther
As a small business owner, you’re surrounded by a literal world of opportunities to expand and cross-sell. The international marketplace is your gateway to new customers and new chances to build your business through exporting. Plus, global trade can connect you to new providers of vital goods and services that can help you reduce costs and enhance your offerings.
In fact, doing business internationally has been statistically proven to help businesses grow faster and be better positioned to last over the long run. Part of that is because international diversification helps your business hedge risks across multiple markets. For example, slow domestic sales in a quarter could be offset by fast international growth, or vice versa. Economies of scale in production can also lead to lower per unit costs and major savings.
Need another great reason to go international? The domestic business landscape is well-established and often very competitive, whereas global markets overseas can potentially be underserved and easier to break into. Less than 1% of small businesses in the U.S. are currently exporting, meaning you might be the first to find lucrative new markets. It’s clear that going international could be a great move for your small business. The question is… how do you get started?
The answer is the right planning. FedEx can assist you with that.
Easier exporting: Simple steps can help your business reach the world
Exporting remains a critical area of the U.S. economy, with over $1 trillion in goods being exported each year. By selling the goods you produce in the United States globally, you can help your business increase sales, expand market share and stay ahead of the competition.
Exporting can also help your business capitalize on changes in the strength or weakness of the U.S. dollar. When the U.S. dollar is weak, foreign customers have more buying power. Another potential advantage could come in the form of tax benefits. Finally, exporting can help expose your brand to the 96% of the world’s population that lives outside our borders — a great move for ensuring your company is positioned for long-lasting growth.
When you’re ready to start exporting, FedEx is ready to help. If you’re new to exporting and want to learn more, you can get access to the advice and resources you need through our alliance with the U.S. Commercial Service (USCS), including export assistance, market research, webinars, seminars and more.
Importing in global trade: Improving your reach
Importing is one of the backbones of international trade, with the United States regularly importing almost $2 trillion in goods per year. Importing offers your small business many potential benefits, including access to more cost-effective suppliers, diversification of risk by reduced dependence on domestic suppliers, and the possibility of increasing your speed to market. Even better, when the U.S. dollar is strong, you have more buying power globally, so your business can explore opportunities that otherwise might be cost-prohibitive.
FedEx can help your business with importing – whether you’re just getting started or seeking more advanced solutions that can help you make the process easier.
Your passport to increased exporting IQ and international success
Your business can easily gain access to the services that can make going international an experience that will have you coming back for more. We’re committed to helping make your business’s entry into the international marketplace as smooth and hassle free as possible. And we offer solutions for all types of international shippers, from those who are just starting to businesses that need advanced international services.
To begin creating a successful global growth plan, go to smallbusiness.fedex.com/international/business-planning
New to FedEx? Go to our new customer center to set up an account.
Ready to export or import and looking for some guided help? Take a look at our six simple steps that can guide you towards success.