Technological sophistication had made the world a small place and has helped even small businesses to get an easy entry into the international market arena. Export businesses are one of the most profitable businesses, as it paves an easy way which opens the doors of opportunity for export orders to earn ample margins on each product’s value. Getting an export order will be a cakewalk for many sales agents but fulfilling their orders and requirements need to be done cautiously. T Therefore, apart from knowing how to get a deal for your export order, you need to know, how to fulfill and handle the order properly, so that you will get more export orders from these clients in the future. The following are the important activities that you need to deal with, once you get your export order.
So let’s get started!
- Signing the contracts
- Apply for an export license
- Prepare export goods and check export goods
- Packaging products, shipping mark
- Buy insurance for the shipment
- Customs procedures
“Everything is negotiable”-says Carrie fisher in one of his quotes. Negotiation plays a very pivotal role in perpetration and before closing an export order. It is key to persuade the other side to accept your proposal. A successful negotiation is preceded by a planned process which includes preparation of good content, defining the objectives, and finally arranging the negotiating personnel to execute the negotiation program. There are different forms of negotiations like negotiation by mail, telephonic negotiations, and negotiations by direct meetings. In the current scenario where the grimiest image of coronavirus pandemic hit the whole world direct meeting is not possible. So you can opt for telephonic or video conferencing negotiations.
- SIGNING THE CONTRACTS:-
Signing a contract refers to the fixation of the export orders under the agreed terms. After signing an export order, immediately the business needs to indulge itself in the work of fulfilling the order accordingly.
- APPLYING OF AN EXPORT LICENSE:-
Before starting an export, if your company doesn’t have an export license you must apply for it. If exported goods are subjected to pass through many border gates, the agency will issue a tracking card. Whenever the goods are received at the border gate, the customs office will deduct it from the tracking card.
- PREPARE EXPORT GOODS AND CHECK EXPORT GOODS:-
After receiving the 1st payment from the foreign customer regards the order confirmation the company will set up a plan to purchase or produce the goods with the desired quality and required quantity as stated in the ordering contract. Here, you need to pay attention to the quality aspects, to meet the required standards and conditions of the foreign customer. There is a threat of rejection if the quality standards are not up to the expectations of the customers.
- PACKAGING PRODUCTS, SHIPPING MARK:-
In this step, the information regards the shipment as required by the customer is to be noted. Name of the goods, country of manufacture, net weight, tare weight, shipping instructions incase of fragile goods need to be presented on the packing list. The type of packing whether it is a box or bag or package is to be mentioned along with the signal codes outside the package. These codes will help to inform the necessary information on delivery, handling, and storage.
- BUY INSURANCE FOR THE SHIPMENT:-
Transporting the export goods is often considered as a risky task that inherently involves losses, so the best way to ensure the safety of exported goods during the transportation is to purchase an insurance policy for the goods that are to be exported. The amount of insurance usually depends upon the value of your goods.
- CUSTOMS PROCEDURES:-
Custom procedures need to be fulfilled in the time gap between the completion of the packaging of goods and before the completion of delivery. It might be difficult for beginners to carry the custom documentation and procedures, for such businesses it is advised to use a professional custom agent to do all for you.
The success of an export business lies in both picking up the right orders and in the fulfillment of those picked orders. The above information will help you to pull out of such a problem. Global EXIM guides you at every step of your export journey through. Experience the best learning experience taught by experts in global EXIM.