exporting -market research and entry - wsbdc · 2014. 7. 10. · this video was funded by the...

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This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from Washington State. WSBDC International Trade Specialists Provide Your Business with Export Training, Advising Expertise, Market Research and Market Entry Planning 1

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Page 1: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from Washington State.

WSBDC International Trade Specialists Provide Your Business with Export Training, Advising Expertise, Market Research and Market Entry Planning

1

Page 2: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Market Research Funnel Identify Potential Foreign

Market TargetsDo Preliminary

Screening based on Market Fit

Evaluate Markets with Weighted

Indicators

Selection Grid

Compare on

Page 3: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Market Research is a Foundation for Market Entry

ONE• Conduct

market research to evaluate target Markets

TWO• Use key

indicators to select your best fit markets

THREE• Finalize

your Export Market Selection

Page 4: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Market Research Services

WSBDC Export Readiness Research Teams work with a Research Director and our Network Trade Specialist

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Page 5: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Export Advising Assistance

Trade Specialist can help clients evaluate research data and finalize best market choices

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Page 6: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Choosing The Market Entry Mode

• YOUR COMPANY GOALS

• SIZE OF YOUR COMPANY

• CURRENT INTERNATIONAL EXPERIENCE

• RISK TOLERANCE

• FINANCIAL RESOURCES

• YOUR COMPANY’S PRODUCTS/SERVICES

• LEVEL OF CONTROL YOUR COMPANY NEEDS

Page 7: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Foreign Market Entry Modes

- Less Risky Options Greater Control Options -

Amount of commitment, risk, control, and profit potential

Page 8: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Use Market Research to Identify Export Markets

Page 9: Exporting -Market Research and Entry - WSBDC · 2014. 7. 10. · This video was funded by the Washington State Community Economic Revitalization Board (CERB) through a grant from

Find out if you are ready to take your products or services Global!

Export Readiness Assessment https://export.wsbdc.org/survey/start

Contact a Trade Specialist https://export.wsbdc.org/cms/contact-

and-bios