Exporting can be a great way to expand your business and increase profitability. It can also help to spread risk and reduce dependence on your local market.
You will be exposed to new ideas, marketing techniques and ways of competing you can’t experience at home. The skills you develop in foreign markets will also help you to better compete in the domestic market.
It is important to seek advice about what’s involved, consider the risks, decide if it is financially viable and conduct research in your chosen markets.
Invest and Trade Western Australia
Invest and Trade Western Australia provide access to a range of services designed to support businesses to trade with, and establish and grow, in this State including;
- Western Australia’s unique and valuable strengths as an investment and trade destination
- an overview of the state’s key export and investment industries along with the capability and opportunities that they provide; and
- state-wide investment and trade-related news and events.
Additionally, the ‘WA business connect’ service provides resources and information for businesses seeking to attract investment and commence or grow their exports, including eight new market outlooks profiling opportunities in major trading markets and regions
You can also access information related to grants and funding available for industry, from both the Western Australian and Australian governments.
If you’re looking for your next export market or curious as to the investment opportunities available in Western Australia, contact Invest and Trade WA .
The Australian Trade Commission (Austrade) provides help to grow your business through exporting.
The guide to exporting has practical information on a range of topics including:
- developing an export strategy
- export pricing
- market research, including visiting the market
- risk management
- freight and logistics
- managing sales
- agents and distributors
- getting paid
- legal issues.
Export Finance and Insurance Corporation
The Export Finance and Insurance Corporation provides financial support to Australian based companies that are exporting, in the global supply chain or seeking to grow internationally. Use their online tool to guide you through the exporter journey.
TIP: The International Chamber of Commerce has developed a set of terms (Incoterms) to make it easier to negotiate trade between countries; they are important when quoting delivery prices for goods to be delivered by pallet or container load.
Once you have conducted market research and obtained professional advice you may be ready to start exporting.
Austrade’s simple international readiness indicator provides a good overview of whether you are ready to export. It will also provide suggestions of how to address areas needing more work.
You will need to consider how to launch and promote your product or service in a new market, including:
Building strong business networks
Having the right contacts and knowledge of your industry are essential. You can build your networks by attending Austrade events and through the Chamber of Commerce and Industry WA.
Understanding the local language and culture
It is important to be aware of the local culture and customs in the country to which you are planning to export; Austrade has market profiles to assist you.
Developing a marketing strategy
How you enter a new market is important and will vary depending on your product or service. Options could include participating in trade shows or events, presenting to buyer groups, engaging local distributors, and advertising online and in print.
Providing after-sales service and support
The strength of your after-sales service will help to ensure the sustainability of your export business. Plan how you will service your client’s needs in their time zone and address any local issues.
- The Department of Foreign Affairs and Trade has more information on trade and investment.
- The AIEX has an online growing a global business course for people new to exporting.
- Understand the customs requirements for exporting goods from Australia.
- Visit the Department of Agriculture’s Exporting from Australia page.