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Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3...

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1 1 Dimitris Kloussiadis & Bob Erwin University of Georgia, SBDC International Trade Center Session 5: Approaching the Market Export-U.com is operated by the US Export Assistance Center, in Atlanta, a collaborative partnership including the SBDC International Trade Center of the University of Georgia, and the US Commercial Service. The SBDC program is funded by the University of Georgia and the U.S. Small Business Administration. SBA's funding is not an endorsement of any products, opinions, or services. All SBA funded programs are extended to the public on a nondiscriminatory basis. Session 3: More Intelligence Refine your list of potential overseas markets Market V Session 3: More Intelligence (Let’s take a closer look at some key markets) Image: Chris Davanzo | The krugerfarms.com Blog, www.krugerfarms.com
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Page 1: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3

Session 5: Approaching the Market Session 5:

Approaching the MarketSession 3:

Global Market Research

1

Dimitris Kloussiadis & Bob ErwinUniversity of Georgia, SBDC International Trade Center

Session 4: Costing & PricingSession 5:

Approaching the Market

1

Dimitris Kloussiadis & Bob ErwinUniversity of Georgia, SBDC International Trade Center

Session 5:Approaching the Market

Export-U.com is operated by the US Export Assistance Center, in Atlanta, a collaborative partnership including the SBDC International Trade Center of the University of Georgia, and the US Commercial Service. The SBDC program is funded by the University of Georgia and the U.S. Small Business Administration. SBA's funding is not an endorsement of any products, opinions, or services. All SBA funded programs are extended to the public on a nondiscriminatory basis.

Session 3:

More IntelligenceRefine your list of potential overseas markets

Market

V

Session 3: More Intelligence

(Let’s take a closer look at some key markets)

Image: Chris Davanzo | The krugerfarms.com Blog, www.krugerfarms.com

Page 2: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

First Culling of Markets(Sort through data from Session 2)

Eliminate markets that are: • Very small

• Trending down or low growth

• Poor credit rating

Sort remaining markets based on your own subjective factors

Image: Microsoft Clip-art, and NASA Goddard Photo and Video on Flickr

Session 3: More Intelligence

GeographyWorld region

Trading blocs

Largest markets

Fastest growing markets

Image: Microsoft Clip Art

Page 3: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

First Decision Time

CriteriaTrendsTransportation CostSize/CompetitionTrading Blocs

Select 5 to 10 countries

Rank them

Image: Microsoft Clip-art

Session 3: More Intelligence

( j u s t t o p 5 - 1 0 m a r k e t s )

Photo: Pixabay sunset-481976

Page 4: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

Export.gov Market Research

http://www.export-u2.com/RESOURCES/Library/library.html

Photo: Night Sky, NASA Earth Observatory, http://earthobservatory.nasa.gov/IOTD/view.php?id=48892

Session 3: More Intelligence

Export.gov: Reference Library

https://www.export.gov/Market-Intelligence

Page 5: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

Photo: photogestion on Flickr, http://www.fotopedia.com/items/flickr-1134316776

Session 3: More Intelligence

Top Market Reports

Page 6: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

Photo: 1957 Chevrolet Bel Air 2-Door Sport Coupe (7 of 11) | Flickr ... www.flickr.com - Page by Randy von Liski ,

http://www.export-u2.com/RESOURCES/Library/library.html

Session 3: More Intelligence

Photo: Culture Shocks of Australia, www.johnmason.com

Country Commercial Guides

Page 7: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

World Wide Web Map

Photo: World Wide Web Concept Map, Classic OPTE Project Map of the Internet 2005, by curiouslee on Flickr

USEAChttp://www.buyusa.gov

SBDChttp://www.asbdc-us.org

State Economic Development Agencies

http://www.sidoamerica.org/directory/directory.htm

Session 3: More Intelligence

Page 8: Market More Intelligence V Session 5: Approaching the Session 4: … · 2018. 5. 10. · Session 3 Session 5: Approaching the Market Session 5: Approaching the Market Session 3: Global

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Session 3: More Intelligence

Sort for target markets

Use on-line resources to help you decide

Consider other company-specific factors

Photo: NASA, Astronauts use iPods in Space Shuttle, NASA Approved. Video + ..., obamapacman.com

Session 3: More Intelligence

Questions?Questions?For assistance call:

1-800-USA TRADEor consult your nearest

US Export Assistance CenterIn Georgia you can also call the SBDC International Trade Center at 678-985-6820


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