Are you considering importing and exporting as the next step for your business? International shipping is now more accessible than ever for small and medium-sized businesses, and companies of all sizes can build profitable global trade, even on a limited budget. Here are our top reasons why you should consider importing and exporting for your business.
Importing goods or components from other countries means you may be able to benefit from lower prices or manufacturing costs. Rather than investing in expensive machinery or taking on additional labour costs, importing allows you to get the products you need delivered to your door.
Increase Sales and Profits
With the world open to you, your business has access to a global market. That means customers in many countries and an increase in sales. This is especially significant for businesses that have lots of local competition, allowing them to branch out and gain new sales from overseas.
When you import and export to different countries, you can source local resources and raw materials that are relevant to your industry. You may also benefit from reduced labour. For example, parts or products can be made abroad at a cheaper rate before being shipped. This saves both time and money, especially for manufacturing businesses.
Expanding into new markets not only increases sales and profits, but it allows you to develop product lines to meet different demands. This diversifies your business, providing more areas to maximise earnings. Should one area of your business see a downturn, you have the backup of other options to develop.
Outsourcing your Shipping
One of the best suggestions when considering importing and exporting is to outsource your shipping to an experienced international shipping company.
LTS has the expertise, as well as a large global network, to ship any type of cargo by road, sea, and air. We know that every business is different, so we create solutions that are tailored to your company’s specific needs as well as your budget.
When shipping internationally, you may be concerned about security. When you choose LTS, you benefit from our advanced tracking systems, timestamping, electronic proof of delivery, and other methods to ensure that you always know where your shipments are.
If you have been considering expanding your business, but are not sure if it is the right time for you, it is worth knowing that it is now easier than ever to reach a global market. In fact, many businesses rely on their global customers to strengthen their position. Importing and exporting puts your business on a global scale, builds your brand, and helps your business grow.
At LTS, we’re here to take care of your shipping needs, so you can put your time into business development. Our expert team get to know your business and find cost-effective shipping solutions anywhere in the world. If you would like to work with us, feel free to get in touch!