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How to Manage Export Promotion?

"Promotion is the term used to describe marketing activities - to persuade potential customers to buy your goods or services."

What are the various ways
to promote your products abroad?.

The exporter must consider if he plans to use;

agents, distributors, A foreign import agent or
A foreign distributor to handle his products
and channels of distribution.
His first task will then be to promote the product and his company to them.

The next task is to consider, whether current brochures would be suitable for use with foreign agents, distributors or buyers. Does the promotional material needs to be translated into the local foreign language to make it acceptable. See Product Strategy for Export

 

 


Site Contents for:
How to Manage
Export Promotion?

<<This Page1/4 - How to Manage Export Promotion?

Page 2/4 - Role of the Foreign Agent & Exporter. "Agents are always tempted to neglect one product for another".

Page 3/4 - Trade Fairs are often the most effective way to introduce a product and to find out exactly what buyers think.

Page 4/4 - An Overview of getting paid for Export, Financing & documentation

 

 

 
 

Promotion blend
In promoting the export of its product or products, the exporter will have to decide on an appropriate blend of advertising, selling and other sales activities.

Promotion budget
In practice the amount of money available to be spent is often an arbitrary figure set by top management, varying according to its keenness to get into the export market.

As a rule, the planned expenditure should be at a percentage of expected sales.

A guideline
The exporter could establish an initial export promotion budget between 10% to 20% of expected sales.

This budget could be divided in one of the following suggested ways:

1. For consumer goods

  • 45% advertising
  • 35% selling
  • 10% other promotion

2. For industrial goods

  • 55% selling
  • 25% advertising
  • 10% other promotion (including trade fairs)
 

 
 

 

 

 

 

 

 

 

 
 
  • In the introduction stage of the exporter's product, emphasis must be on informing consumers, making the product easily available, and encouraging the foreign consumer to try it.
     

  • In the market growth stage, the firm should concentrate on promoting brand loyalty.
     
  • Later, in the market maturity stage, promotion can be placed on product differentiation - trying to make the product as unique and differential as possible from competitive ones.
     
  • Sales decline stage, if and when sales begin to slip, special promotion efforts will be required.
     

The type of customers
Is the promotion aim at Industrial user or middlemen. Advertising and samples are often the most efficient way of persuading middlemen to try a new food product.

Whereas, personal selling is essential in reaching wholesalers. Trade fairs and trade journals is an excellent way of reaching industrial users.
 

Looking for sales leads
There should be some systematic way e.g. advertising in trade journals, direct mail to prospective buyers, participation in trade shows, etc., or aware of buyer's guides and trade directories for source of prospective agents, buyers, etc.
 

In the area of export promotion
You should consider a systematic way to keep track of the company's promotional activities in that foreign market, customers, other contacts made and decide how often to follow-up and visit to the foreign market to develop personal contacts.
 

Conclusion
An analysis of the promotion blend should help the exporter decide in spreading its promotional effort in an optimum combination of advertising, selling, and other promotional activities such as credit, product warranties, training, special introductory offers, samples, contests, displays, sales aids and after-sales service etc.
 

Next page 2/4 - Role of the Agent and Role of the Exporter
"Agents are always tempted to neglect one product for another....."

 
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Site Contents for:
How to Manage
Export Promotion?

 


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Secrets of
International Trade


 

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