Hi Vickie,
I like your questions as it is 'topical' for me right now.
This is a difficult one for me to get to grips with but here goes:
(a) If you live in a country with a 'strong currency', like USD or EUR/GBP, then perhaps selling overseas to affiliates in countries with 'weak currencies' can be a problem because the 'landed costs' - including high shipping, makes the product less competitive. For us here in RSA, 'darn too expensive'. !
(b) The opposite therefore applies for us in 'weak currency' areas - to sell to overseas countries with 'strong currencies'...as our landed cost to the client is so much cheaper in their currency.
As I am myself now looking at signing up two ECA's - I also face this dilemma to concentrate on the region, or country, or go international.
The latter seems attractive to earn 'hard currency', but the process will be that much more complex, insofaras controlling the shipping aspect. (a challenge, but nothing too difficult).
Unfortunately, selling within ones own region poses that question of 'competitive products', but if we can organise selling those 'day to day' items, at a slightly lower rate - then perhaps it could be a winning formula.
(In the USA for example, I see that there are many day to day products being sold via TC store - which probably competitive in USA, but not for us to buy - living in S.Africa).
I'm still thinking through the process, so these are thoughts off the top of my head for now....but hope it helps ...
Best of luck with your endeavours - and no doubt reading more on FORUM, and the Training in SFI - we can resolve these issues....
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Hi Vickie,
I like your questions as it is 'topical' for me right now.
This is a difficult one for me to get to grips with but here goes:
(a) If you live in a country with a 'strong currency', like USD or EUR/GBP, then perhaps selling overseas to affiliates in countries with 'weak currencies' can be a problem because the 'landed costs' - including high shipping, makes the product less competitive. For us here in RSA, 'darn too expensive'. !
(b) The opposite
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