The United States has signed and implemented more than a dozen free trade agreements, which provide access to markets all around the world that business owners in other countries do not enjoy. In other words, U.S. businesses can export their goods to other countries without facing limits on the amount or having to pay taxes to export to those countries. Nevertheless, an extremely small number of business owners bother to venture into the international market. As a result, many U.S. businesses are missing out an opportunity to increase their profits, expand their businesses and continue to grow even during the economic recession.
This reality takes me back to conversations that I have had with small business owners that I have met over the last six months on both the East and West Coasts. While many were often intrigued by my discussions about international trade, conversations often ended with questions/comments such as:
1. What is that again?
2. I am interested in sending my [specific product] to [specific market], but I do not have a clue as to what I need to do.
3. While this is an interesting blog, I am not sure that many people will care.
4. Could you speak with my friend who is trying to export to [specific market] about what he/she needs to do?
This vlog post explains why you, as a business owner, should invest in the international market, particularly those with which you have special access.
Now that I have laid out the benefits of international trade for your business, come back next week for our tips on how to just get started.
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