Opening up your business structure to a borderless playing field is a step that you may have already taken, or have at least considered in your future plan. International trade can be very lucrative, but it is always necessary to properly consider the many financial, logistical and administrative components in maximising your business import and export profits.
1. Consider purchasing power parity
Successful international business products equate to those that are purchased in an offshore market and sold for a higher price. Sounds simple, doesn’t it? However, maximising profit also means taking into account variable factors such as the best exchange rates ie.…Continue reading