An export strategy is an essential component of your overall business plan. It doesn’t need to be complicated, but at a minimum it should cover the following:
Domestic business overview
What is the current status of your domestic business?
What are the country or countries that you will target, including the size of the market, the cities or regions you will be targeting, the demographics of your target market
What capital do you require for growth overseas, what costs and expenses do you estimate you will encounter, how will you source the finance you need?
What is the size of your current team and what headcount growth do you project you will require, how will you meet this growth, what export experience do your staff have?
Does your product need to be adapted for each new market, how will you brand and market your product?
What market segment in each country will your product or service be positioned for, where are they located, how much will they pay?
How will you distribute your product or service, what are the delivery costs, how will you service your customers?
Who are your competitiors in each country, what are their strengths, weaknesses, distribution strategy, price point and customer service strategy?
What are the government standards that you will need to adhere to, the licenses you will need to apply for, the warranties and after-sales service that you will need to provide?