subject: Selling to the Federal Government, Your Golden Ticket to Reaping Profits [print this page] Have you considered the idea of selling to the federal government? If you're a small business owner, then perhaps you can start revisiting your organization's direction and explore probabilities of doing business with the us government.
Selling to the federal government is a very wise decision and here's why.
The Amount of Federal Spending
International Association of US Government Contractors says federal spending records up to $530 billion on consistently. This is together with the federal stimulus spending which is at S787 billion. Overall, that is a market that could reach over $1.3 billion. . These explain why the us government sits in the world's largest customer record. With all of these, a start in selling to the federal government will be a great idea.
Moreover, 60 % (60%) of total government expenses are allocated to services, while the other forty percent (40%) is assigned to products. So whether your business is in the service industry or one that's into selling products, there will always be room for you.
Focus on Small company Owners
As being an owner of a small business, you sometimes feel doubtful if the government will waste its time talking to companies that don't have mammoth reputations to brag about. If you rely on that, then you certainly should read this: the federal government sets aside 39% of its overall spending for small establishments.
This figure alone should be more than enough for you to start selling to the federal government. This can be the motivation for you to make a proposal to the government. Nevertheless, this is such a big chance to just ignore. Statistics say that only 2% of small establishments registered. So there's still 37% of the pie to fill. There's much opportunity for you grab. Should you really have that entrepreneurial spirit, you will understand that now is the best to start selling to the federal government. Else, you're giving your competitors the leeway. You are making way for them to be ahead of the pack. There's plenty of opportunities that you should explore with the us government whether you sell products or provide services- like internet search engine specialization, management consultancy or i . t .. Remember, the federal government is continually trying to find businesses like yours. Not doing anything with these means giving chance to your competitors to. And in a blink of an eye, you may lose a chance - a golden ticket that would lead you to reaping enormous profits.
Selling to the Federal Government, Your Golden Ticket to Reaping Profits
