Stage 2: Export Process - Understanding the Nuts and Bolts
One of the challenges any company faces when looking to sell global is trying to set prices and the terms of sale for their products and services in foreign markets.
There are many costs incurred in selling overseas and before setting any pricing strategy you need to ensure that all costings and all risk management costs and strategies have been factored into your pricing strategy.
Factors that can immediately impact on your international pricing strategy and terms of sale and ultimately your profit margin include:
- currency exchange rates
- economic conditions
- production expenses
- your competitors and the consumers in your target market
- export transaction costs
- risk management expenses
- managing your freight costs
Before you enter any new market you need to ensure that your price is competitive with what is on offer in the market, but you will also need to factor in the cost of marketing and managing your export transaction and risk management strategies.
Getting your international pricing strategy right is crucial to the success of your business. It is difficult to go back and renegotiate your price once this has been set and also you ultimately cannot risk potentially not getting paid.
This practical one day interactive workshop will cover:
- Incoterms® 2010: avoid costly misunderstandings by clearly defining the responsibilities of sellers and buyers for the delivery of goods. ICC’s Incoterms® rules are regularly incorporated into sales contracts worldwide. This module is a basic introduction to understand why Incoterms are vital to understanding your risk but also your responsibilities and potential liability.
- Pricing for international markets: an in-depth module that will guide you through the requirements for costing for international markets. Companies will be taken through a template costing guide and will have the opportunity to workshop through applying the basic rules for export costing.
- Risk management: this module will take you through all of the risks specifically associated with export documentation, transport and insurance. It is important that companies understand how they can manage their risk upfront and understand the added costs of export so that they can set their international pricing strategy accordingly.
- Managing your foreign exchange risk: understand the basic mechanisms of managing manage your foreign exchange risk.
- International sales contracts: international contract for the sale of goods and services can be complex. This module is an introduction only and will take companies through key considerations to look out for in any international sales contract, including: General characteristics of the contract, Scope of application, Termination of the contract, Dispute resolution, Jurisdiction and role of law.
Who should attend?
This one day workshop is a practical interactive course. It is designed for marketing managers, business development managers, import and export managers, and business owners. It is also relevant to anyone exporting either goods or services.
What is involved?
- Our Trainers are industry experts in international trade, and/or relevant professions, providing a desirable blend of theory and practice. They are experienced practitioners who focus on providing practical information and relevant case studies. Biographical details of our trainers are available on request.
- The one day course involves a strong mix of interactive discussions as well as formal instruction. The trainers draw on real case studies and practical examples, so that you feel comfortable applying the techniques you have learned to your business
All participants will receive:
- Workshop folder and resource kit
- Certificate of attendance
- Participants are also provided with writing materials.
To register for the workshop, please see dates and links below:
- Brisbane – Tuesday 6 April. Register here >
- Sydney – Wednesday 13 April. Register here >
- Melbourne – Thursday 21 April. Register here >
- Perth – Tuesday 3 May. Register here >
- Melbourne – Tuesday 26 July. Register here >
- Sydney – Thursday 30 June. Register here >
- Brisbane – Tuesday 19 July. Register here >
- Perth – Wednesday 22 June. Register here >
For further information regarding this course please contact the Australian Institute of Export on 1300 361 526 or e-mail: firstname.lastname@example.org or contact your State Manager.