Why MARKET RESEARCH is so Critical in finding the best Export Market with the IDEAL conditions for your Product and the Right Overseas Buyer
When considering Exporting your products overseas for the first time or Expanding into new international markets the first and most critical step is to conduct thorough market research and access the best market intelligence available.
The #1 Fundamental in Exporting overseas is to first conduct thorough Market Research before entering new overseas markets. Without thorough Market Research it is nearly impossible to identify the best Export Market with the IDEAL conditions for your Product (Sweet-Spot-Market) as well as the Right Overseas Buyer.
Equipping yourself with Reliable and Actionable Market Research Data and Market Intelligence is a crucial first step when looking for New Overseas Buyers. Having the necessary must-have information and intelligence at your fingertips is critical to make informed decisions when taking your product into new overseas markets for Optimum Success.
4 CRUCIAL STEPS IN FINDING THE RIGHT OVERSEAS BUYER
Step 1: Market Research - Obtain Export Statistics Data (raw data) to identify the Top Export Markets.
Step 2: Market Analytics - Conduct Thorough Analysis of the Raw Data to identify the best Export Markets with the IDEAL conditions for your Product (Sweet-Spot-Market).
Step 3: Market Intelligence - Once the best Export Markets are identified, obtain Market Intelligence for those specific markets.
Step 4: Get Matched with Overseas Buyers - Once you have decided on a market get matched with qualified Overseas Buyers through the local U.S. Embassy/Consulate in that market.
Step 1: Market Research - Obtain Export Statistics Data (raw data) to identify the Top Export Markets for your Product.
Deliverable: GLOBEMATIC® TOP EXPORT MARKETS REPORT
The GLOBEMATIC® TOP EXPORT MARKETS REPORT you will provide immediate insight on the following:
• Instantly gain clear insight on what your domestic and foreign competition is doing (which markets they are exporting to, in what volume, etc..)
• Find out where else other than the United States those Top Export Markets are getting the product from, in what volume, etc..
• And much, much more...
Step 2: Market Analytics - Conduct Thorough Analysis of the Raw Data to identify the best Export Markets with the IDEAL conditions for your Product (Sweet-Spot-Market).
Deliverable: GLOBEMATIC® SWEET-SPOT-MARKET REPORT
Using our Advanced state-of-the-art Algorithm our statistical computational data analysis model will perform an in-depth Analysis of the Export Statistics Data to take it one step further to identify the 'IDEAL' Export Market (Sweet-Spot-Market) for your product. Our model takes into account many factors when calculating the best Export Market with the IDEAL conditions for your Product. Our one-of-a-kind INTELLIGENT analysis will provide insight into the best export markets for your product so you can make a better informed decision when you expanding into new overseas markets.
The GLOBEMATIC® SWEET-SPOT-MARKET REPORT is a Premium Report that will provide immediate in-depth market analysis to help you identify the best Export Market with the IDEAL conditions for your Product. This Premium Report is custom-tailored and includes the following critical information for your Product:
• Identify the best export markets with the IDEAL conditions (Sweet-Spot-Market) for your Product where you can attain Optimum success
• Top U.S. Export Markets
• Best U.S. Export Markets (by market Stability)
• Best U.S. Export Markets (by market Consistency)
• Best U.S. Export Markets (by Faster and Easier Sale)
Obtaining this Premium Report is a crucial first step in helping you make informed decisions by giving you a clear picture of how your product is traded on a global scale.
Keep in mind, the biggest export markets for your product may not necessarily be the ideal markets for your company especially if you are a newcomer. The IDEAL Export market (Sweet-Spot-Market) for you will depend on many factors. You may be surprised that smaller markets may be better suited for you where you can attain optimum success.
For existing Exporters perhaps the market you are currently in has slowed down or has become too competitive to make a viable profit. Maybe it is time to look at other more reliable and sustainable markets for your product.
Our advanced data analysis model takes into account many factors when calculating the Sweet Spot Market for your product. We will present you with different scenarios based on your risk tolerance (from high to low). Whether you are looking for a stable market, a consistent market for your product, or a market where it will be faster and easier to make a sale. Our one-of-a-kind Premium custom-tailored in-depth intelligent analysis report will provide insight into the ideal markets for your product so you can make a better informed decision when you ultimately decide to expand overseas.
Entering the wrong market can be a very costly mistake for your company. When conducting market research and gathering market intelligence for new international markets it is crucial to have sound and reliable data at your disposal. We can help you find that Sweet Spot Market for your product. Our complex computational models and algorithm are in place to do just that for you and help you avoid the many costly pitfalls.
The GLOBEMATIC® Sweet-Spot-Market Report is the only report that provides this type of in-depth intelligent and actionable information. Nothing else out there comes even close. Nowhere else will you find this type of sound and reliable actionable data that will give you superior advantage in selling your product overseas with confidence and achieve optimum success. Let intelligent data analysis guide the way.
GLOBEMATIC® SWEET-SPOT-MARKET REPORT
Step 3: Market Intelligence - Once the best Export Markets are identified, obtain Market Intelligence for those specific markets.
Deliverable: COUNTRY COMMERCIAL GUIDE
The COUNTRY COMMERCIAL GUIDE provides market conditions, opportunities, regulations, and business customs for over 125 countries prepared by trade and industry experts at U.S. embassies worldwide. INSIDE EVERY GUIDE: Everything you need to know about doing business in that country, detailing 8 important factors to help you decide if the market is right for your product: 1. Doing Business in ..., 2. Political & Economic Environment, 3. Selling U.S. Products & Services, 4. Leading Sectors for U.S. Exports & Investment, 5. Trade Regulations, Customs and Standards, 6. Investment Climate Statement, 7. Trade & Project Financing, and 8. Business Travel. Prepared by U.S. Commercial Service located in U.S. Embassies abroad.
Step 4: Get Matched with Overseas Buyers - Once you have decided on a market get matched with qualified Overseas Buyers through the local U.S. Embassy/Consulate in that market.
Deliverable: OVERSEAS BUYER MATCHMAKING
The U.S. Department of Commerce offers the ‘Gold Key’ Matchmaking Program (add’l program fees apply, to be paid directly to the U.S. Department of Commerce) that identifies the right overseas Buyers/Distributors for U.S. Exporters and connects them with each other by arranging appointments locally through the U.S. Embassy/Consulate (they can also take the U.S. Exporter to the appointments; and provide translation services, if needed). Our ‘OVERSEAS BUYER MATCHMAKING’ Service connects U.S. Exporters with the overseas U.S. Department of Commerce office in the destination country.
HS (HARMONIZED SYSTEM) CODE SEARCH
We will identify your Product’s HS (Harmonized System) Code which will be required when: you ship your Product overseas; request international freight quotations; identify tariffs overseas; as well as for us to generate our Premium Essential ‘TOP EXPORT MARKETS REPORT’.
Deliverable: GLOBEMATIC® HS (HARMONIZED SYSTEM) CODE SEARCH
GLOBAL TRADEMARK SEARCH
Before Exporting to any country you will need to make sure you can register your Trademark under your designated International Class in the destination country. We will conduct a Global Trademark Search for your Trademark under your designated International Class using a Basic ‘WIPO Global Brand Database’ Search. Securing your Intellectual Property in the destination country is a key prerequisite before Exporting to ensure that a) your Trademark is protected and b) you are not infringing on someone else’s similar Trademark in the destination country. If someone else in the destination country is already registered with a similar Trademark under the same designated International Class as yours you will not be able to enter that market with your Trademark. That is why it is crucial to conduct this Global Trademark Search first.
Deliverable: GLOBEMATIC® GLOBAL TRADEMARK SEARCH
CONTRACT NEGOTIATION, ETC..
Negotiating the Contract with your Foreign Distributor is an important component for your success in a foreign market. We offer a number of other value-added services including assisting you in negotiating that contract to ensure your interest is fully secured and the Foreign Distributor does not take advantage of you or your brand.
Deliverable: GLOBEMATIC® CONSULTING SERVICES
Step 3: Market Intelligence - Once the best Export Markets are identified, obtain Market Intelligence for those specific markets.Deliverable: COUNTRY COMMERCIAL GUIDE
The COUNTRY COMMERCIAL GUIDE provides market conditions, opportunities, regulations, and business customs for over 125 countries prepared by trade and industry experts at U.S. embassies worldwide. INSIDE EVERY GUIDE: Everything you need to know about doing business in that country, detailing 8 important factors to help you decide if the market is right for your product: 1. Doing Business in ..., 2. Political & Economic Environment, 3. Selling U.S. Products & Services, 4. Leading Sectors for U.S. Exports & Investment, 5. Trade Regulations, Customs and Standards, 6. Investment Climate Statement, 7. Trade & Project Financing, and 8. Business Travel. Prepared by U.S. Commercial Service located in U.S. Embassies abroad.
Step 4: Get Matched with Overseas Buyers - Once you have decided on a market get matched with qualified Overseas Buyers through the local U.S. Embassy/Consulate in that market.Deliverable: OVERSEAS BUYER MATCHMAKING
The U.S. Department of Commerce offers the ‘Gold Key’ Matchmaking Program (add’l program fees apply, to be paid directly to the U.S. Department of Commerce) that identifies the right overseas Buyers/Distributors for U.S. Exporters and connects them with each other by arranging appointments locally through the U.S. Embassy/Consulate (they can also take the U.S. Exporter to the appointments; and provide translation services, if needed). Our ‘OVERSEAS BUYER MATCHMAKING’ Service connects U.S. Exporters with the overseas U.S. Department of Commerce office in the destination country.
HS (HARMONIZED SYSTEM) CODE SEARCH
We will identify your Product’s HS (Harmonized System) Code which will be required when: you ship your Product overseas; request international freight quotations; identify tariffs overseas; as well as for us to generate our Premium Essential ‘TOP EXPORT MARKETS REPORT’.
Deliverable: GLOBEMATIC® HS (HARMONIZED SYSTEM) CODE SEARCH
GLOBAL TRADEMARK SEARCH
Before Exporting to any country you will need to make sure you can register your Trademark under your designated International Class in the destination country. We will conduct a Global Trademark Search for your Trademark under your designated International Class using a Basic ‘WIPO Global Brand Database’ Search. Securing your Intellectual Property in the destination country is a key prerequisite before Exporting to ensure that a) your Trademark is protected and b) you are not infringing on someone else’s similar Trademark in the destination country. If someone else in the destination country is already registered with a similar Trademark under the same designated International Class as yours you will not be able to enter that market with your Trademark. That is why it is crucial to conduct this Global Trademark Search first.
Deliverable: GLOBEMATIC® GLOBAL TRADEMARK SEARCH
CONTRACT NEGOTIATION, ETC..
Negotiating the Contract with your Foreign Distributor is an important component for your success in a foreign market. We offer a number of other value-added services including assisting you in negotiating that contract to ensure your interest is fully secured and the Foreign Distributor does not take advantage of you or your brand.
Deliverable: GLOBEMATIC® CONSULTING SERVICES