2022 - Page 3 of 11

Free Trade Agreements Benefit your Export Bottom-line

October 31, 2022Posted by TFSA School of ExportUnderstanding the Global Trading Environment

International business is about being as competitive as possible; however, countless exporters do not take advantage of the benefits of various free trade agreements. Free trade agreements are particularly important for small businesses because they involve the removal or reduction of trade barriers such as tariffs, subsidies and embargoes, which makes an SME more competitive in the foreign markets concerned.

4 Main Market Entry Strategies in International Marketing

October 27, 2022Posted by TFSA School of ExportInternational Marketing

Millions of new customers, a global brand, offices in multiple cities, these are just some of the dreams that encourage businesses to jump head first into marketing for exports. With the advent of the internet, it is easier than ever to communicate with buyers in other countries and begin your export journey. However, one of the biggest mistakes an exporter can make is marketing for exports before they are actually ready for export orders!

4 Advantages of Engaging in Foreign Trade

October 26, 2022Posted by TFSA School of ExportUnderstanding the Global Trading Environment

Suppose you have a great product, a great story and a solid market share domestically. In that case, you may want to consider foreign trade. Whether you are exporting from South Africa, Botswana, Eswatini, Lesotho, Mozambique or Namibia, you could potentially have a massive impact on your country and economy. This article focuses on four advantages of selling your products or services abroad.

5 Key Points for Working with Incoterms®

October 24, 2022Posted by TFSA School of ExportIncoterms®

Incoterms® are a standard set of rules for the delivery of goods. In particular, they stipulate which party to a sales contract shoulders the risk, costs and responsibilities at any given time during the delivery of goods in an export/import transaction. Incoterms® streamline these negotiations and play a significant part in international trade. However, many exporters misuse them. This article focuses on five things to remember about working with the Incoterms® rules.

Tips on what to Include in your Export Quote

October 20, 2022Posted by TFSA School of Export1Export Administration

Suppose your international marketing efforts have finally paid off, and you have received your first feasible international enquiry. In that case, your next step is to quote your potential buyer and hope you receive an international purchase order. An export quotation, or pro forma invoice, is the foundation of any international contract of sale. However, exporters often land themselves in trouble by not accurately constructing their quotations

Export Assistance Offered by the TFSA School of Export

October 18, 2022Posted by TFSA School of ExportUnderstanding the Global Trading Environment

The truth is that Africa doesn't need aid; it needs trade. Whether you are exporting from South Africa, Namibia, Botswana, Lesotho, Eswatini or Mozambique, you could have a massive impact on your economy and community. However, the global market is a complex beast! Far too many great Southern African businesses enter the export market without access to the knowledge they need to succeed. The TFSA School of Export aims to change that. The TFSA program has set up a fully digital online school of export to assist businesses exporting from South Africa and neighbouring countries. The online platform offers a range of on-demand, export-related content intended to give business owners and staff the knowledge and information they need to become the next export giant of Africa.

Incoterms® and Quoting an International Buyer

October 17, 2022Posted by TFSA School of ExportIncoterms®

When exporting, a feasibility study will involve several investigations that collectively inform you of possible risks posed by the buyer or foreign market concerned and highlight the costs you need to include in the price you quote for the goods in question. An exporter should only undertake the preparation of an export quotation after completing a feasibility study that includes the accurate costing of the proposed transaction. An accurate quotation is essential in ensuring your export initiative is successful.

International Sales and your Export Marketing Plan

October 13, 2022Posted by TFSA School of ExportInternational Marketing

Selling your products in foreign markets is vastly different from selling locally. Every exporter is entering the international market to grow their business and earn more profits. However, getting your first export enquiry and subsequent export sale involves far more effort than your first sale in a domestic context, there is an export marketing plan that needs to be considered.

The Types of Export Credit Insurance Cover

October 11, 2022Posted by TFSA School of ExportInternational Finance

When an exporter agrees to any payment method other than cash in advance or a confirmed irrevocable letter of credit, they expose themselves to the risk of non-payment. To mitigate the risk of non-payment, an exporter can choose to take out export credit insurance. When procuring export credit insurance, an exporter can elect to include different types of cover in their policy. This article explains the main types of cover offered by export credit insurance companies, such as credit guarantee.

The Various Types of Export Credit Insurance

October 10, 2022Posted by TFSA School of ExportInternational Finance

export credit insurance is a branch of insurance which offers protection to exporters against the risk of non-payment by a foreign buyer in exchange for the payment of a premium. Suppose an exporter agrees to any payment method other than cash in advance or a locally confirmed irrevocable letter of credit. In that case, they are exposing themselves to the risk of not being paid for their goods and are advised to take out export credit insurance cover.

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