Many new foreign trade beginners often rush into markets without thorough research. For example, a small Chinese furniture exporter blindly targeted the African market without considering the local economic conditions and consumer preferences. As a result, they spent a large amount of resources on marketing and product customization but achieved very few orders. In this case, if they had used market research tools like Statista to analyze the market size, growth rate, and consumer demand in different regions, they could have avoided this waste of resources.
Some newbies rely too much on single platforms, such as paid B2B platforms. A young exporter focused solely on Alibaba, neglecting other long - tail channels. One year later, when Alibaba's traffic decreased due to intense competition, their customer acquisition rate dropped significantly. Meanwhile, they could have explored niche industry forums, social media groups, and local business directories. Tools like Google Trends can help identify emerging channels and market trends.
Not using risk control measures like customs data verification and credit reports can lead to serious problems. A new exporter shipped a large batch of electronic products to a customer without checking their creditworthiness. Later, the customer went bankrupt, and the exporter suffered a huge loss. To avoid this, tools like Dun & Bradstreet's credit query service can provide detailed credit information about potential customers. Here is a simple table showing the steps of customer credit assessment:
Step | Action |
---|---|
1 | Collect basic information about the customer |
2 | Check customs data for past import records |
3 | Obtain a credit report from a reliable agency |
4 | Evaluate the customer's financial stability and payment history |
Giving out free samples without proper agreements can be a big problem. A new textile exporter provided free samples to a foreign buyer without a sample agreement. The buyer then copied the design and found a cheaper local supplier. To prevent this, exporters should always sign a sample agreement that clearly states the ownership of the design and the purpose of the sample. Here is a simple contract review checklist:
Item | Checkpoint |
---|---|
Sample ownership | Clearly state who owns the sample design |
Sample purpose | Define the legitimate use of the sample |
Confidentiality | Include a confidentiality clause |
Random quoting can lead to profit losses. A new machinery exporter quoted a very low price to win an order without considering all the costs. As a result, they made little profit on the deal. Also, unclear contract terms can cause disputes. For example, a contract with ambiguous delivery terms led to a long - term dispute between an exporter and a buyer. To avoid these issues, exporters should use cost - accounting tools and have a professional review the contract terms.
Filling in product specifications or amounts incorrectly can cause obstacles in performance. A new chemical exporter filled in the wrong product grade on the shipping documents, which led to delays at the customs and additional costs. Exporters should double - check all documents before submission and can use document management tools to ensure accuracy.
Believing in non - conventional payment channels can result in financial risks. A new exporter agreed to accept payment through an unknown online payment platform recommended by the buyer. The buyer then disappeared after the exporter shipped the goods, and the exporter couldn't recover the money. It is recommended to use well - known payment methods like T/T, L/C, and PayPal, and always verify the payment channel's credibility.
Misunderstanding terms like FOB/EXW can cause freight disputes. A new exporter thought the buyer was responsible for shipping costs under FOB terms but later found out they had to bear part of the costs due to a misunderstanding. Exporters should have a clear understanding of different freight terms and consult logistics experts if necessary.
Fake logistics tracking information can be a headache. A new exporter received fake tracking information from a so - called logistics company. The goods were never delivered, and the exporter suffered a loss. To deal with this, exporters can use logistics tracking platforms provided by reliable carriers and cross - check information regularly.
Misjudging the factory's delivery time can damage the customer relationship. A new exporter promised a short delivery time to a customer but couldn't meet the deadline due to factory production issues. To avoid this, exporters should design a buffer mechanism. For example, they can add a few extra days to the estimated delivery time and communicate with the factory regularly to monitor the production progress.
Lack of a systematic customer management tool can lead to loss of repeat purchases. A new exporter lost many potential repeat orders because they didn't have a proper system to follow up with customers. Tools like Salesforce can help manage customer information, track interactions, and schedule follow - up activities.
Not activating the social chain resources of old customers is a missed opportunity. A new exporter didn't ask old customers for referrals, while their competitors were getting new customers through word - of - mouth. Exporters can design a referral program, such as offering discounts or rewards to old customers who refer new business.
IP rotation and email content score optimization can improve email delivery rates. AB客 marketing emails are recommended, which can automatically prevent blocking and achieve a delivery rate of up to 99%. Additionally, tools like Mailtrap can be used to test email deliverability and check for spam scores.
Deep mining on LinkedIn and content matrix operation on Facebook can effectively reach potential customers. For example, by publishing industry - related content on LinkedIn and engaging in relevant groups, exporters can increase their brand visibility and attract potential buyers.
Having standard response strategies for price pressure and rebate requests can help in negotiations. For instance, when facing a buyer's price - cutting request, an exporter can say, "We understand your concern about the price. However, our product offers high - quality features and reliable after - sales service, which justify the price. We can offer you a small discount if you place a larger order."
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