I have spent quite a bit of time at events over the last few weeks, mostly related to international ecommerce. What stood out is that there are vast opportunities for UK businesses.
With 1.2 billion customers online around the world, there is a strong temptation to look outside the UK and make sales in new and growing markets. Achieve this by taking these five steps – which are all possible on a budget.
From beer to biodegradable packaging, Scotland’s exports are growing fast. Exports have grown 17 per cent in the last six years, and more and more businesses are looking beyond their borders. This week, Business Quarter (BQ) Magazine organised the first ever Scottish Export Awards with Scottish Enterprise to celebrate their achievements.
Scottish products such as whisky and tartan are famous around the world, but they’re far from the only exports. Last year a record number of Scottish businesses began exporting, with products ranging from software to seafood, tea to television programmes.
We’ve all heard of the BRIC and CIVETS countries, but now attention is turning to a new group of fast-growing markets. The MINT countries – Mexico, Indonesia, Nigeria and Turkey – have been tipped as the hot ones to watch over the next few years.
There are plenty of myths about exporting. Isn’t it risky for smaller businesses? And aren’t foreign markets much harder to crack than your domestic one?
World Cup fever is heating up, and Brazil is getting ready to be in the international spotlight. An estimated 600,000 tourists are expected to travel there next June, with the tournament boosting the economy by around $11 billion. The Brazilian Government is investing heavily in infrastructure – also in preparation for the 2016 Olympic Games.
For expats in Santiago pining for a nice cup of English breakfast and an organic shortbread finger, the wait is nearly over. The supermarket chain Waitrose is to start exporting its most popular products to Chile, targeting the fast growing Latin American economy.
No business is too small to export, according to the organisers of Export Week. The relatively weak pound and tough market conditions at home are two good reasons to consider exploring new opportunities overseas.