Thinking about Going Global? Some Issues to Consider

One issue facing many small business owners in the 21st Century is the vast marketplace created by internet commerce. When deciding whether to sell to, or setup shop in other countries, it is important to consider some key factors:

1. Do the nationals in the country you wish to export to have buying power?
2. How strong is the currency in the country in which you wish to export?
3. Are the foreign nationalists willing to buy?
4. In what stage of economic development is the nation?
5. Does the foreign government impose quotas or tariffs?
6. Does the government limit imports from your country?
7. Does your product need any modification to operate properly and fall within the country