Wednesday, May 20, 2015

Trading in the EU

                                                     Trading in the EU

The 28 countries of the EU make up a huge market of potential customers and suppliers for your business.

This market can be easier to access than other overseas markets as many of the trading practices, regulations and standards apply throughout the EU. Key tasks - such as accounting for VAT - have also been simplified to facilitate trade within the EU.

The EU's 28 member states include some of the world's wealthiest and most productive countries. The EU is a huge market in which to sell your goods and services - it also gives you access to a huge source of suppliers.

You need to consider your particular business needs and see whether trading with other EU countries will be of benefit to you. Look at individual EU countries, find out about market conditions and ask yourself whether there might be business you could do there.

Would your products or services fill a niche in the market? Would they be competitive? Are there opportunities to find materials or components of higher quality or at lower prices?

The following 28 countries are EU member states: Austria, Czech republic, Greece, Italy, Luxembourg, Poland, Slovenia, United kingdom, Croatia, Belgium, Denmark, France, Hungary, Latvia, Malta, Portugal, Spain, Romania, Gyprus, Estonia, Germany, Ireland, Lithuania, Netherlands, Slovakia, Sweden, Bulgaria.

If you are buying, you should conduct research to locate suppliers and assess their quality, reliability  and capacity to delivery overseas.

If you are selling, it's vital to have a well worked-out plan. You need to be sure that you have the necessary resources to move into an overseas market, as well as the logistical support in place to move your goods between countries.

Your sales plan should cover:

  • your target market - is there a demand for your goods at a viable price?
  • Your products or services - do you need to modify them?
  • Marketing - how will you market your products?
  • Finance - have you got finance in place to cover the costs of trading?
  • Distribution - how will you deliver your goods to your overseas customers?
  • Pricing - what prices will you charge, which currencies and which payment methods will you accept?
  • Contacts - what contacts do you need to make in your new market?
please express your opinion, write a review post at the end, I wonder and pleasure I get comments from readers make sense.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.