How to Open & Operate a Financially Successful Import Export Business by Maritza Manresa

Author:Maritza Manresa
Language: eng
Format: epub
Publisher: Atlantic Publishing
Published: 2013-08-12T00:00:00+00:00

Just as in the domestic market, product demand plays a crucial role in setting the price of your product in a global market. You can only charge for a product as much or as little as the market will bear, if you want to remain in business. Market demand will also be determined by how your product relates to the nature of the market in which you are trying to sell your products. Take into consideration the demographics of the market area where you want to export your product. Factors such as age, level of education, income, and the socioeconomic class of the area will determine the demand for your particular product or lack thereof.

The following export costing worksheet is a good tool to use that will help you determine the price for goods to be exported. This worksheet is just a guide, and not all the information will be applicable in every instance. However, whatever numbers you are able to plug in will be helpful in guiding you in the right direction as to setting a price:

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