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-   -   3 Ways To Save Money When Doing Business Overseas (http://www.smallbusinessbrief.com/forum/showthread.php?t=70120)

AngelBiz 3rd September 2015 09:45 PM

3 Ways To Save Money When Doing Business Overseas
 
International expansion is one way to grow business for many small business owners. After all, there is large untapped potential in countries such as India and China with their growing middle class population. These people are earning significant disposable income is are ready to use it on items imported from developed countries.

International expansion, however, comes with its own risks and stress. It is neither comfortable nor cheap to travel internationally a necessity when you are trying to find partners, customers or vendors in those countries. You have to deal with significant expenses for airfare, hotels and other travel necessities. Dealing with jetlag and the unknown hassle of foreign countries adds to the headaches. The three tips provided below can to some extent alleviate your concerns about cost of international travel.

Read more - http://www.smallbizviewpoints.com/20...ness-overseas/

trade-show-diva 4th September 2015 05:05 PM

Quote:

Originally Posted by AngelBiz (Post 233274)
International expansion is one way to grow business for many small business owners. After all, there is large untapped potential in countries such as India and China with their growing middle class population. These people are earning significant disposable income is are ready to use it on items imported from developed countries.

International expansion, however, comes with its own risks and stress. It is neither comfortable nor cheap to travel internationally a necessity when you are trying to find partners, customers or vendors in those countries. You have to deal with significant expenses for airfare, hotels and other travel necessities. Dealing with jetlag and the unknown hassle of foreign countries adds to the headaches. The three tips provided below can to some extent alleviate your concerns about cost of international travel.

Read more - http://www.smallbizviewpoints.com/20...ness-overseas/

This is a tough one. I think the best way to save on the travel cost (plane ticket, hotel, food, etc) is to NOT travel but to do things online (video-chat). That said, I've heard many people say it is worth it to go to China (for example) and meet with people face to face and see the factory where you're getting your stuff made.

hankmoody 11th September 2015 02:13 AM

I can't agree more:thumbsup2. Yes, you need partners, customers or vendors in India or China, but travel internationally is no need for you.
Online (video-chat) is useful, or how about a China Division with China product sourcing, China warehousing. What your need is pay a company or someone to actually do everything(shipping, picking, packing or customization service).
Try ChinaDivision to make business more efficiency, less cost, always in control.

CodyDeegan 15th September 2015 12:45 AM

The haste in the demand of businesses to expand overseas or foreign investors taking interest on a foreign market for a possibility of a more productive generation of profit resulted to the emergence of consulting firms or companies who specializes in helping those investors to setup their businesses, having it registered by obtaining documents from necessary government agencies for the business to operate legally.

AngelBiz 18th September 2015 08:39 AM

Quote:

Originally Posted by trade-show-diva (Post 233329)
This is a tough one. I think the best way to save on the travel cost (plane ticket, hotel, food, etc) is to NOT travel but to do things online (video-chat). That said, I've heard many people say it is worth it to go to China (for example) and meet with people face to face and see the factory where you're getting your stuff made.

I agree it is better to avoid travel to the extent possible and utilize technology such as video conference, etc. However, as you mentioned many times it is worth spending that money to meet people face to face. You can accomplish a great deal in few hours of face to face meeting that you cannot do in several virtual ones.


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