international trade

Going Global: Making Your Way to the Global Marketplace | Monday, June 19, 2017 (Seminar) & Thursday, June 29, 2017 (Webinar)

Going Global: Making Your Way to the Global Marketplace

Monday, June 19, 2017

  &

Thursday, June 29, 2017

 

The NJSBDC and the State of New Jersey’s Business Action Center are partnering to provide New Jersey small business owners the information and resources needed to begin and excel in selling goods and services internationally.

 

Take advantage of these opportunities to expand your offerings and sales!  LIMITED SEATING!!

 

 

 


 

Why Consider Exporting?  It’s Good for Your Bottom Line!

Access.

Today, improvements in trade finance, the Internet, and trade agreements have dramatically increased access to markets worldwide.

Demand.

More than 70 percent of the world’s purchasing power is located outside of the United States. Your competitors are increasing their global market share, and you can too.

Profitability.

Exporting can be profitable for businesses of all sizes. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms.

Competitive Advantage.

The United States is known throughout the world for high quality, innovative goods and services, customer service, and sound business practices.

Risk Mitigation.

Most companies that export have an easier time riding out fluctuations in the U.S. economy and are more likely to stay in business.

Reference: http://www.trade.gov/cs/factsheet.asp


 

REGISTER NOW!

 

 


 

 

 

 

Businessman holding in hand a global connection,communications concept

Keys to International Marketing

Monday, June 19, 2017  |  10:00 am to 1:00 pm

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Container Cargo freight ship with working crane bridge in shipyard at dusk for Logistic Import Export

International Trade 101 (Online Webinar)

Thursday, June 29, 2017  |  1:00 – 2:00 pm

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Sponsored By:NJSBDC International Trade Text w LOGO BAC_Logo  

 

More Info:

Shy Hopkins

shyekah@business.rutgers.edu

973.353.1414

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International Trade 101 Webinar | Thursday, June 29, 2017 @ 1 – 2pm | NJSBDC International Trade Specialty Program

International Trade 101 Webinar

Have you considered jumping into global markets, and increasing your business

through export international trade?

 

 

When:
Tuesday, June 13, 1017 | 1:00 – 2:00 pm

Where:
Online Webinar

Fee:
$10.00

 

Join this webinar to learn the fundamentals of international business.

  •  How to get started;
  •  How to expand;
  •  A road map for starting your international trade business, from concept, through marketing, all the way up to sales and payment.

Registration ends Monday – 6/28/17 @ 5pm

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Your Instructor:

Roger S. Cohen, Lead International Trade Consultant for the NJ Small Business Development Centers (NJSBDC) and President, Cohen International. For over twenty years, Roger has helped clients develop all sorts of international business – from fine art, through currency printing machines, to xylophones and zebrawood.
Roger is credited with initiating the project that brought the popular “self-sticking” postage stamp to the United States. Millions of tongues are now being spared the aftertaste of glue, thanks to Roger’s efforts.

 

Sponsored By:

NJSBDC | International Trade Program

Roger S. Cohen, Lead International Trade Consultant

973- 353-1927

 

Office of International Business Development & Protocol

State of New Jersey Department of State, Business Action Center

Trenton, New Jersey

609-633-1182

 

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NJSBDC International Trade Text w LOGO BAC_Logo  

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Going Global

Importing & Exporting Tips to help you Ship Over Rough Seas Without Getting Sea Sick

 

by Stephen Bacque, Ph.D., Guest Contributor

 

Just the thought of shipping your products overseas is enough to make most ‘Sea Sick’ but don’t let it! Importing/ exporting is a great opportunity to grow your business.  International trade increases sales and profits, enhances a company’s prestige, creates jobs, and offers a valuable way for business owners to level seasonal fluctuations.

 

But things can get a bit tricky.  The first step you should take before crossing borders is to do your homework. Take these 20 critical factors into account before you begin:

 

 

 

  1. Get company-wide commitment.

Every employee should be a vital member of your international team, from the executive suite to customer service through engineering, purchasing, production and shipping. You’re all in it for the long haul.

 

  1. Define your business plan for accessing global markets.

An international business plan is important in order to define your company’s present status, internal goals and commitment; but it’s also necessary if you plan to measure your results. Grow your U.S. based sales first-before jumping into exporting. This will help build brand awareness.

 

  1. Determine how much you can afford to invest in your international expansion efforts.

Will it be based on ten percent of your domestic business profits or on a pay-as-you-can-afford process? Do not chase international sales that are not profitable.

 

  1. Plan at least a two-year lead-time for world market penetration.

It takes time and patience to build a great, enduring global enterprise, so be patient and plan for the long haul. Double check foreign currency exchange rates, and shipping cost, defect rate, etc.

 

  1. Build a website and implement your international plan sensibly.

Many companies offer affordable packages for building a website, but you must decide in what language you’ll communicate. Only 28 percent of the European population can read English. That percentage is even lower in South America and Asia. Over time, it would be best to slowly build a site that communicates sensibly and effectively with the world.

 

  1. Pick a product or service to take overseas.

You can’t be all things to all people. Decide on something. Then stick with it.

 

  1. Conduct market research to identify your prime target markets.

You want to find out where in the world your product will be in greatest demand. Market research is a powerful tool for exploring and identifying the fastest-growing, most penetrable market for your product.

 

  1. Search out the data you need to predict how your product will sell in a specific geographic location.

Do you want to sell a few units to a customer in Australia or ten 40-foot containers on a monthly basis to retailers in France? Doing your homework will enable you to find out how much you’ll be able to sell over a specific period of time.

 

  1. Prepare your product for export.

You should expect to adapt your product to some degree for sale outside your domestic markets before you make your first sale. Packaging plays a vital role in enabling international connections. Make yours the best in its class, and you’ll be able to sell it anywhere in the world.

 

  1. Find cross-border customers.

There is no business overseas for you unless you can locate customers first, then you can turn a profit on.

 

  1. Establish a direct or indirect method of export.

It all boils down to export strategy and how much control you wish to exercise over your ventures. On the other hand, readiness to seize an opportunity is more important than having your whole strategy nailed down beforehand.  Understand which method would best suit your needs.

 

  1. Hire a good lawyer, a savvy banker, a knowledgeable accountant and a seasoned import/export transport specialist, each of whom specializes in international transactions. You may feel you can’t afford these professional services, but you really can’t afford to do without them.

 

  1. Prepare pricing and determine you’re landed costs.

Be ready to test out your price on your customer. See what reaction you get and then negotiate from there.

Case in point: A toy ‘lasso’ rope sells at full retail in the U.S. for $5.00, in Canada $7.00. Realizing adjustments need to be made, the price is reduced to $5.00 (the company makes less per rope, but sells in greater volume at a big box retailer). The end result sells 40,000 units at full retail (direct to the public) $5.00 US; the company’s landed cost is $1.95 per unit for a profit of $3.05 per unit compared to the domestic cost of $1.25 sold wholesale for $2.50 retailing at $5.00 for a gross profit of $1.25 per unit.

 

  1. Set up terms, conditions and other financing options.

Agree on terms of payment in advance, and never, ever sell on open account to a brand new customer. No if-s, and-s or but-s. Just don’t.

 

  1. Brush up on your documentation and export licensing procedures.

If you find it too time consuming, hire a freight forwarder who can fill you in on the spot. Ask a lot of questions. Use their expertise to your advantage. It will save you time and money…

 

  1. Implement an extraordinary after-sales service

The relationship between your company and your overseas customer shouldn’t end when a sales is made. If anything, it should be just the start of a long relationship which requires more of your attention. The “care and feeding” of your customers will determine if they keep coming back for more.

 

  1. Make personal contact with your new targets, armed with culture-specific information and courtesies, professionalism and consistency.

Your goal should be to enter a different culture, adapt to it and make it your own.

 

  1. Investigate international business travel tips.

The practical aspects of international business can make or break the success of your trip. In preparing to go boldly where you’ve never gone before, plan accordingly.

 

  1. Explore cross-border alliances and partnerships.

In charting your global strategy, consider joining forces with another company of similar size and market presence that’s located in a foreign country where you’re already doing business, or would like to. Gauge your readiness-or willingness-to take on a 50/50 partnership and what it can and cannot do for you.

 

  1. Enjoy the international journey without getting Sea Sick!

With a bit of proper preparation-you will be able to sail the Seas to Success… Never forget that you are the most important and valuable business asset you have, and that the human touch is even more precious in our age of advanced technology. Take the best possible care of yourself, your employees, your suppliers and your customers, and your future will be bright, prosperous and happy.

 

 

Going global doesn’t have to be a scary proposition. By considering and developing these twenty essential factors before going global, your organization can realize the full potential of globalization and capture dramatic revenue growth.

 

 

Related Training Events: International Trade

 

 


ABOUT THE AUTHOR:

 

Stephen E. Bacque, Ph.D.

Guest Contributor

Stephen E. Bacque Ph.D. is the Founder /CEO of A.S. Bacque Enterprises, Inc. the Bacque Group. ASBEE Toys, Tex Toys and The Great Toy Company-with over 60 products in ‘Big Box’ retailers, and listed on over 14 patents. He is the author of 12 books, and countless magazine articles. Winner of the highly prestigious ‘Entrepreneur of the Year’, NJSBDC’s Small Business Success Award’, Congressional Businessman of the Year’, etc. Featured on the Today Show, CNN, Fox News, Oprah, Leno, Letterman, 20/20, 60 Minutes, The New York Times, The Wall Street Journal, Inc. Magazine, Entrepreneur Magazine, Success Magazine, World Trade Magazine, Inventors Digest, etc.

 

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International Business Forum | NJSBDC at Rutgers Business School – New Brunswick | Tuesday, July 19, 2016

Did you know …

Nearly 96% of consumers live outside the U.S.?

Understanding international trade allows you to tap into two-thirds of the world’s purchasing power! 

 

To help you enhance your abilities to perform in the global marketplace, the NJSBDC at Rutgers Business School – Livingston Campus and the U.S. SBA invites you to an exclusive forum to identify Opportunities for Growth in Global Expansion.

 


 

Tuesday, July 19, 2016  9:30am – 2pm

 

newbldg4Rutgers Business School, Livingston Campus

100 Rockafeller Road,

3rd Floor, Room 3095,

Piscataway, NJ 08854

 

Driving Directions

Fee: $50.00

(Includes Lunch, Workbook and 3 hours of Counseling) 

Register

Parking: Lots Yellow & Green (located behind restaurants and shops). No permits required.

For more information, call 848-445-8790 or send a message to njsbdcnb@business.rutgers.edu 

 


 

 

Program Description:

This forum will discuss the unique opportunities and resources available to assist businesses that may be Export-Ready.  There will be a discussion on how to evaluate the Global Marketplace in search for competitive business opportunities.  Attendees will be presented with An International Business Plan discussion a Global Compliance Checklist.  International Specialists from the SBA (Small Business Administration) and the DOC (Department of Commerce will be on hand to present government support programs, Export Finance and Export risk management.  In addition, three Client export success stores will be presented.

 

 

Panelists Include:

 

Opportunities for Growth in Global Expansion

Elayne P. McClaine, CGBP

Regional Director

SBDC at Rutgers – New Brunswick

 

Government Support and Export Finance

Sheryl Paynter

Lead Lender Relations Specialist

Office International Trade Officer

New Jersey District Small Business Administration


Thomas Motley

Sr. International Trade Specialist

US Department of Commerce / International Trade Administration Central New Jersey

 

EXIM (Export-Import Bank of the U.S.) Broker

Stuart Schechter

President

The Credit Insurance Source

 

Client Success Stories

Dr. Syed Ibrahim, CEO

Health and Natural Beauty, Inc.

SprinJene Brand

Ms. Beverly White, CEO

BKW Transformation Group, Inc.

Mr. Juan Cordero, CEO

Prodelca Exports

Register

Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance. Contact: SBDC at Rutgers University New Brunswick, 848-448-8790, njsbdcnb@business.rutgers.edu. Co-sponsorship Authorization: SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.

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Export 101

Thursday, May 5th, 2016  |  8:30 am – 4:00 pm

 

St. Peter’s University

McIntyre Lounge

2641 John F. Kennedy Blvd

Jersey City, NJ 07036

Click here to view Campus Map

Cost: $60.00

 

 

 

Join Us

Come hear from experts in international trade and business development to discuss a wide range of topics focusing on the basics of exporting and getting your company’s products/services into new markets abroad.

 

Topics

• Export Procedures
• Export Regulations & Legal Issues
• Managing International Sales Orders
• International Logistics
• Building an Overseas Infrastructure
• Assessing Risk & Opportunity
• Managing Payment Risk
• Financing the Sale
• U.S. Government Programs & Services

Information

This seminar is focused on helping U.S. companies begin or expand their export initiative. By participating in this seminar, companies will be able to gain the skills and innovation that are essential in increasing their international sales. This seminar is designed for new-to-export firms or a refresher for experienced exporters. Join us for this seminar to learn more, you could save yourself a lot of time and money by learning from the experts.

 

 Register

 

For More Information:

Susan Widmer

Tel: 973-645-4682 ext. 216

Email: Susan.Widmer@trade.gov

Download Agenda Here

 

 

Sponsors:

 

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America’s SBDC New Jersey Offers an Abundance of Training Seminars for Small Businesses and Entrepreneurs to Develop and Grow

America’s SBDC New Jersey Offers an Abundance of Training Seminars for Small Businesses and Entrepreneurs to Develop and Grow

 

Contact:

New-Jersey-color-with-band973.353.1927

press@njsbdc.com

 

March 24, 2016 (Newark, NJ) – The 12 centers of the statewide network, America’s Small Business Development Centers – New Jersey, are offering key training seminars for entrepreneurs and small businesses across the state.

 

The NJSBDC network provides one-on-one management consulting, training, and other forms of technical assistance for both existing and established small businesses as well as individuals who want to start a new business. Fifty-seven percent of all clients in 2015 were established small businesses in different stages of growth.

 

“In 2015 more than 6,500 individuals and small business owners attended the network’s 508 training sessions at centers throughout New Jersey,” said Brenda Hopper, chief executive officer and state director of the NJSBDC network. “We helped facilitate almost $74 million in financing for our clients and 554 clients started a new business.”

 

“More than 4,100 clients received one-on-one management consulting from our experts last year,” said Deborah Smarth, NJSBDC network chief operating officer and associate state director. “The network helped its clients create and save 16,606 jobs.” A seasoned training program on a variety of subjects is provided each year. Some highlights for the month of April’s training offerings include topics like:

 

-Developing small business plans to guide the company’s operations;

-Marketing plans and strategies to build visibility;

-Employee team building to maximize productivity;

-Online and Internet marketing as well as using social media tools, Google analytics and keywords in drawing customers to your business online;

-Time management and prioritization of business projects to help grow your business;

-The how-to in exporting and finding international trade opportunities to grow sales beyond the domestic market;

-Sales and communications to bolster company revenues;

-Risk assessment and disaster recovery as well as cyber security tips;

-Accounting fundamentals, QuickBooks, financial statements and analysis to make better business decisions;

-Building a consulting business;

-Small business insurance and taxes;

-Small business recordkeeping; and more.

 

For more information, access specifics about the latter training seminars at https://clients.njsbdc.com/events.aspx.

 

 

 

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