Did you know 98% of US exporters are small and medium sized businesses?
It’s easy to think that international trade is dominated by large, global enterprises. But every day new tools emerge to make it easier for small and medium sized businesses to compete internationally. It might surprise you to learn that small businesses can not only participate in international ecommerce, but profit from doing business beyond the US border. There will be an estimated 2.1 billion online shoppers by 2021, so it might be worth asking yourself the question of how much more revenue your business can generate by adding international shipping.
Below are five of the common hang ups that most small businesses face when making the decision to go global.
- MYTH: International Exporting is too hard. Isn’t there so much paperwork? Doesn’t it take forever for my customer to get their product?
FACT: The majority of exporting actually requires minimal paperwork. When you ship with Preferred Shipping, we walk you through every step of the process and help you find the right paperwork. Online ecommerce platforms take a lot of the burden away from you and help connect your business with export facilitators. Plus, with DHL International Express, your package can get anywhere in the world in an average of 1-3 days.
- MYTH: Getting paid for my products is challenging. What about the different currencies?
FACT: Again, technology to the rescue! The global market has evolved and collecting international payments has never been easier. Whether you depend on credit cards or other online payments, this issue has numerous inexpensive solutions. One of our e-commerce fulfillment partners, ShipStation, has an exceptional online platform that can accept payments from anywhere in the world.
- MYTH: To succeed internationally, I need to speak other languages or hire people who do.
FACT: The English language will take you a very long way, and help is readily available for situations in which interpreters and translators are necessary. In fact, English is spoken at a useful level by 1.75 billion people worldwide—that’s one in four people!
- MYTH: Shipping internationally is too expensive. It would never be worth my time.
FACT: As a certified reseller of DHL Express, we provide exceptional rates to small and medium size businesses. Your business will get hands on customer service paired with the best international logistics provider, all at the best rates.
- MYTH: Small businesses don’t have the resources to go global.
FACT: 67% of exporting businesses have less than 20 employees. Many of the businesses that we work with are small companies. Our logistics experts are well versed with the requirements and the most up to date internal shipping regulations to help you, whether you are just getting started or as you have questions along the way.
You’re never too small to go global. Are you ready to connect to the billions of customers outside of the US?