These Things Can BREAK Your Business | 7 Mistakes International Traders Make Every Time

These things can make or break your business. If you want to start an import-export business, grow your international business, or scale your export-import business, you should be aware of 7 Mistakes Every International Traders Make Every Time. In this video, Murat OZTURKER will explain international business mistakes every entrepreneur makes and you will learn how to avoid those business mistakes and start to make serious money with import-export. And can be called the seven golden rules of success in international business..

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In this video, I delve into seven critical mistakes often made by newbie international traders. From insufficient market research to neglecting relationship building beyond the sale, each point is crucial for your success.    • These Things Can BREAK Your Business ...  

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🚀 Mistake #1: Insufficient Market Research
Dive into the importance of thorough market research and understanding your target market intimately. It's not just about selling; it's about building a sturdy foundation for sustainable success.
🌐 Mistake #2: Ignoring Cultural Differences
Explore the impact of cultural nuances in international trade and why it's essential to study and respect local cultures. Building relationships is key, and understanding cultural subtleties can make your business interactions smoother.
💹 Mistake #3: Neglecting Currency Risk
Learn about the challenges of currency fluctuations and how embracing currency risk management can protect your business. Discover tools like forward contracts and a fantastic service, XTransfer, which revolutionizes cross-border trade payments.
📜 Mistake #4: Overlooking Legal and Regulatory Compliance
Understand the importance of legalities in international trade. Research industry-specific regulations, seek professional advice, and ensure compliance to avoid hefty fines and operational halts.
🤝 Mistake #5: Overlooking the Importance of Network Building
Building a network is more than contacts; it's about engaging with industry experts and local businesses. A strong network can offer valuable advice, open new opportunities, and provide support during challenging times.
📦 Mistake #6: Underestimating Logistics and Shipping Challenges
Even with successful market research, cultural understanding, and risk management, logistics can be a stumbling block. Stay on top of your logistics game by partnering with reliable shipping and customs clearance services.
🤝 Mistake #7: Neglecting Relationship Building Beyond the Sale
Closing a deal isn't the end; it's the beginning of a relationship. Cultivate long-term connections with clients, suppliers, and partners for repeat business, referrals, and industry insights.


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Ready to Dive Deeper into the Export-Import Business?
Video on the Smartest way to find international buyers: https://bit.ly/43m4Z2H
Video on How to start an import-export business from home: https://bit.ly/3NeG2Az
Video on International trade and business for beginners: https://bit.ly/3oEtxow
🚀 Topics Covered in this Video
00:00 - Start an Import Export Business
01:01 - Market Research
01:59 - Cultural Differences
03:28 - Currency Risk
04:23 - The Smartest Way to Protect from Currency Risk
06:31 - Legal and Regulatory Compliance
07:40 - Network Building
08:22 - Logistics and Shipping Challenges
09:39 - Neglecting Relationship Building Beyond the Sale

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