subject: Steps to Use International Commerce in Your Business [print this page] Steps to Use International Commerce in Your Business
To convince consumers about the value of your product and to manage the logistics was very cumbersome. But now the Internet allows for super fast communications, transfer of files, and information sharing with amazing ease and this makes it easier to face the challenges of international commerce.
Step 1 Outsource to grow your business
Companies in the U.S have saved drastically by outsourcing services from a developing country as they get cheap labor because they are not required to pay the benefits, which was draining their resources if they employ U.S citizens to do the same work. It is now as easy to conduct business within your own country as it is outside a nation. Saturation in one's own country poses no big problem as international commerce opens up new avenues for a businessman to expand.
Step 2 Get global
In this age of globalization where there are enough opportunities to be exploited in the world market, it is not enough to sit on one's laurels earned in one's own country. Sustainability is dependent upon monies earned from every corner of the globe possible. Every effort must be made to tap the potential of the international markets.
Step 3 Follow up on the regulations and policies of foreign countries
International commerce is governed by certain rules and regulations. These policies must be adhered to increase the chances of succeeding in the foreign markets without breaking any laws.
With the advent of the Internet and super fast transfer of files and information, it is much easier to conduct business in the international community. Without having to worry about the logistics, one can go ahead with his plans and be successful in international commerce.
Gary Spirer holds a bachelor's degree in Literature from New York University graduating magna cum laude, and an MBA in Finance from Columbia University.
Mr. Spirer began his career at the prestigious investment banking firm Lazard Freres, where he worked at their real estate affiliate. Subsequently, Gary founded his own real estate company, Capital Hill Realty. In real estate Gary has developed, syndicated and invested in properties that in today's value, aggregate over $500 million.
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