The Government’s 2014 budget released many incentives for exporters, but how do you really make it work?
Here’s 8 tips to achieving profitable international growth in 2014.
Testing the overseas water
Testing your market through overseas industry events, trade fairs and fact-finding missions should serve as one of the vital first steps in establishing whether there is a sufficient export market. The UKTI’s Trade Access Programme provides grants to businesses for the purposes of attending such events.
Research – The difference between international success and abject failure
Market research is never more important than when planning to export your goods and services. The UKTI is an essential resource for any business owner who is thinking about exporting their goods and services.
Take advantage of help
Ensuring that you take full advantage of the bodies set up by government to promote exports is essential; they can not only advise on business plans but can additionally provide legal and financial support.
Plan, plan, plan
Ensuring that your business plan is robust is an increasingly complex process in relation to exportation in foreign climes. The UKEF (UK Export Finance) is the government’s official export finance provider who provide unparalleled support and advice in forming a business plan and raising capital.
Considering currency
Thinking about the currency that operates in your chosen market can make for a surprisingly complex influence in overseas operation. Consult experts in foreign exchange to gain a full idea of how the currency in your market will affect your business.
Starting small
Whilst starting small may not sound like the most tempting option, particularly when you foresee potential for significant growth, it is certainly the safest!
Appreciating cultural differences and building trust
The biggest reason for businesses failing in their efforts to export overseas is because they fail to appreciate the cultural differences in their respective market.
Engage a Professional Translation Services Agency
Consulting a translation company that, not only appreciates the importance of professional translation, but understands the subtle nuances of cultural context is essential to a company’s marketing efforts.
Bubbles offer translation services that held their clients unlock the potential of export markets; we’ve have helped our clients penetrate new stable markets and weather the financial storms of the UK!
For carefully crafted marketing messages that translate effectively you need our specialist, well-versed, native-speaking translators. We’re skilled in retaining context and having the invaluable commercial awareness of the subtle cultural and dialectical differences that can change the entire meaning of a marketing message.
With over 1,000 happy clients and experience in a multitude of sectors from manufacturing and engineering to consumer electronics and technology, we can help. Whether its website translation or a technical instruction manual – you can be confident Bubbles Translation Services will help you take your brand into new markets effectively.
