At a certain point, every small and medium-sized business will have the same question -What more can you do to make the company grow or expand? Well, the answer lies in international shipping of course.
With the rapid growth of e-commerce and especially during this coronavirus pandemic, people everywhere were forced to turn online for their retail therapy and thus sending sales receipts for e-commerce platforms skyrocketing. A large number of businesses now require international transportation.
If you are looking to grow your eCommerce business, a great step would be to expand beyond your borders, especially if you have saturated your home market. Selling beyond your borders can be an important growth area for your business. After all, there are over 7.5 billion people in the world. To do international shipping, you will need a strategy that works for you and your business. Here are some of the points to consider if you are going international with your eCommerce store:-
Before any investment is made, it is crucial that you carry out deeper research. One of the first questions you must ask are:-
- Do you have any local competition?
- What is the price are they selling?
- What is the potential sales revenue?
- What is the cost of doing business in this region?
Make sure that you are thorough in your research to avoid unforeseen obstacles that can affect your market share, like taboos, religion and beliefs that can differ across cultures, countries and individual communities.
Is your product legal to sell and use in the country you are considering to expand to? Certain products sold in the West may not be acceptable in other parts of the world. Countries like Dubai has strict religious laws that forbid the import of certain products. Being informed of these laws can help you avoid any delay in customs, or paying hefty fines for violating restrictions.
Determine The Preferred Payment Methods
Many sellers assume that global consumers have access to the same credit cards that they have. In reality, many countries still use cash transactions, and those who shop online may not use standard credit cards that your home merchant account can process.
It’s normal to feel a level of apprehension when thinking about shipping internationally, particularly when it comes to issues related to costs and customs. Overseas shipping options have come a long way in the recent years and selling to international customers is a lot easier than you may think. With the explosion of online tools and resources such as Shiply to help companies find the best international shipping companies, global shipping has never been easier.
How much does international shipping cost?
Below are a few factors that can affect the cost of your shipment.
Distance – How far does your item need to travel? Longer journeys require more fuel and may even require stopovers.
Customs – Customs costs can vary between countries so you will need to look into the laws for your destination. It could be more costly or cheaper depending on which countries the travel is to and from.
Size of Item – How much space does your item need to take up will also affect your international shipping quote. Larger and heavier objects mean less space for other items and so will cost more to ship.
Timings – If you need your items to be shipped internationally by a certain time then this will also affect the price. It may mean that your item needs to be expedited to get on a boat or plane and you can expect your quote to reflect this.