Sunday, 28 May 2017

Buying and Selling Products Internationally

Geographical and cultural communication barriers are disappearing, and even smaller businesses without a physical presence can buy and sell their products internationally.  The advantages of buying and selling internationally are as follows: 

Comparative advantage means lower-priced goods.
Comparative advantage is the most common reason why companies choose to source products from overseas. Comparative advantage means that the conditions in a foreign market allow for much cheaper production costs. If you can get the products or materials you need at a considerably cheaper rate, importing is a quick and easy way to cut costs and boost your profit margins. 

Importing can mean higher-quality products
It’s no secret that each country has its own strengths and specialties. If the goods or materials you need have top quality sources outside of your country’s borders, it pays to have them imported. 

Market Expansion 
The most obvious advantage of selling internationally is the expansion of a company's market. Expanding the places where a company does business and selling its products and services opens up a larger customer base and potentially greater profit margins. 

Brand Reputation 
International buying and selling can have a unique advantage of helping to boost a brand's reputation. Right or wrong, customers perceive a brand that is selling in multiple markets to be of higher quality and better service than brands that just sell locally. 

Diversify Risk 
The idea that a business relies solely on one market and directs all its resources into a single currency may prove to be more risky than it may first seem.Your home market could contract or even disappear, but your business may be saved by the revenue it generates overseas. 
Earlier Payments 
When working with companies overseas, both you and your customer will want to execute the transaction in the safest and most efficient manner possible. One of the many advantages when trading internationally is that overseas payers often pay upfront. This reduces payment risk and may well help your working capital. 
P&G Business Consulting is willing to partner with you in assisting you to buy and sell your products internationally. We can assist you to source for distributors of your products in overseas markets, as well as in negotiating the terms and conditions and drafting a purchase agreement. Contact us to partner with you in buying and selling your products internationally.

Saturday, 6 May 2017

Setting Up Business in Singapore

According to the Economic Development Board in Singapore,

Singapore had been ranked first out of 50 major investment destinations in a ranking that assesses operations, politics and foreign exchange.  With no restrictions on the repatriation of profits and the import of capital, along with the most favourable operating conditions and strong diplomatic ties, Singapore’s stable political and economic climate creates an ideal environment to invest in.”

(Source: EDB: Facts and Rankings)

Ever had the idea to set up a business in Singapore but is not familiar with the local market, government regulations, culture, etc? Or do not know whether your business idea will generate the returns that you desire in the Singapore market? P&G Business Consulting assists foreign entrepreneurs and business owners who are interested in investing in Singapore.

We conduct market research and investment appraisals for foreign entrepreneurs and business owners to help them understand the local market, as well as in the application of business license, entry pass and regulatory licenses for the setting up of their business in Singapore. We can also assist to search for business premises or local business partners for your business venture. 

Contact us to discuss your business plans in Singapore.

Food Dispensing Machine

A food dispensing machine manufacturer in Singapore is seeking for buyers of its food dispensing machine. Buyers can customise and rebrand ...