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Home ยป product entrepreneur

product entrepreneur

How to Market Products Globally

For anyone who is a product entrepreneur the Internet has opened up a whole wide world of new customers who are anxious to buy your product. When I first started my business (swiggies, wrist water bottles) I never thought about selling internationally. It was overwhelming enough just selling my product in my own neighborhood. But now 90% of my business is international. The Internet has made international business more accessible for a small manufacturer, and easier to market your products globally. There are multiple ways to sell overseas with the click of a mouse.

How to market products globally

Being in the U.S. I always thought I’d manufacture my product in the U.S. But after trying it once and barely breaking even, I realized I would have to move my manufacturing to China, like most of the rest of the world. It took a few tries to find a good, honest factory, but I finally found the right one. (now I manufacture in 3 countries)

Find a middleman

Dealing with China has its own challenges, like the language barrier. This is why it’s a good idea to have someone there who can act as a middleman. Pay them a percentage. It’s worth it. They have a better understanding of the local culture and can help iron out any problems that arise. They will also be in a better position to negotiate prices for you.

Be aware of foreign holidays

I’ve found that there is a different sense of urgency there, so you want to make sure you allow plenty of time to get your merchandise. Don’t cut things too close. They also seem to have an awful lot of holidays, and some can last weeks, like Chinese New Year’s. So plan accordingly. You never know how many orders they have ahead of yours. Get your order in as early as possible to avoid delays.

Allow for time zone differences

Allow extra time for time zone differences. If you’re dealing with a distributor in South Africa and a factory in China, everyone will be in different time zones. You’ll always have a few days here and there arranging wire transfers and getting art work in. When banks are open in one country, they’re closed in another.

Factor in extra expenses

Factor in all extra expenses and adjust your prices so you don’t get the short end of the stick. I learned the hard way that an extra nickel is a lot of money when the order is 100,000 units. Make sure everything is discussed beforehand and you negotiate for the best pricing possible.

Don’t forget about taxes and duties

When quoting your customer’s prices take everything into account, like the taxes and duties they will have to pay once it gets to them and what kind of certifications you will need, if any, for their country. I always get 50% up front and 50% before they leave the port. Collecting money from a foreign country is a nightmare legal hassle. Make sure it’s all in your bank account before inventory leaves the port.

Use distributors

I’ve found the easiest way to sell internationally is through distributors. They buy in volume and basically run their own business. I just help them with marketing and publicity. They hire their own employees and do their own advertising.

A good way to get the word out about your product is by getting listed in online wholesale directories. There is also plenty of international PR that you can do to call attention to your brand.

There’s a great big world out there waiting to buy your products. They just need to know how to find you. And you need to know how to navigate the international waters.

How a Fulfillment Company Can Increase Your Sales

fulfillment company
fulfillment company

Any small business owner who sells products and has bootstrapped their business probably started out shipping their products themselves. If you’ve done this you know that means buying shipping products like boxes and envelopes, packing items yourself, driving to the post office, and then standing in a long line to ship them. You also have to fill out paperwork for customs if you’re shipping to other countries, and sometimes other paperwork is involved. A fulfillment company can do all that for you and more. A fulfillment company can increase your sales.

Warehousing inventory

Another thing a bootstrapping entrepreneur with a product knows about is warehousing inventory. Ask anyone who’s done it and you’ll hear stories about boxes being stacking in living rooms, offices, basements, and closets. I can tell you from experience that it takes up a lot of space. There was one room that I couldn’t even walk in for months. This is one of the things product entrepreneurs complain about, even ones with lots of space in the basement.

Fulfillment company can increase your sales

But at some point your time will be worth more and it will make sense to start using a fulfillment company to do your shipping and warehousing. If you find the right fulfillment company it will actually reduce your warehousing and processing costs and free up your time to do other things, like marketing and sales. They understand shipping and can use the best, most efficient ways to ship. They also get discounts from shipping companies because they ship in large volume. This is less expensive than having to get your employees to do the shipping for you.

A good fulfillment company will provide you with references and won’t have any hidden charges when they give you a quote. Give them as many details as you can about your shipping habits and how you expect your business to grow. They should be able to grow with your company and be flexible. They will be able to make suggestions about the best ways to ship and expand your business. It’s a lot like being a partner with your business, so you want to make sure you choose the right one.

Another important thing to think about when deciding on a fulfillment company is their location. You want to find one that is centrally located to make shipping more efficient. If you will be shipping to Canada it’s important to find a fulfillment company that’s located closer to the border.

Here is an entrepreneur who has improved their business by using a fulfillment company:

My name is Calloway Cook and I’m the President of Illuminate Labs. Here’s our experience with our fulfillment company Shipmonk:

We’ve Gotten Great Service From Shipmonk

We signed up with Shipmonk when we first launched our products about a year ago. Initially, we decided to partner with them because their price points were very reasonable. We’ve been pleasantly surprised with how great their customer service is. I can always get someone on live chat or the phone to resolve any order or wholesale issues.
I’d recommend Shipmonk to any other eCommerce entrepreneurs. I’m not financially incentivized to refer companies to them; we’ve just gotten great service at a great price point.

Calloway Cook
President
Illuminate Labs

No matter who you choose, do your homework before making a decision. But once you are set up with a good fulfillment partner, you’ll see that it will make your life easier in the long run.

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