Why International Trade

Levent Yildizgoren –
Managing Director - TTC wetranslate Ltd

Why International Trade | © Levent ...
• No matter how attractive and ‘must have’ your product seems to be, a
strictly on-shore market will always have a finite ...
Reduced dependence on your
local market
• Your home market may be struggling due to
economic pressures, but if you go glob...
Increased chances of success
• Unless you’ve got your pricing wrong, the higher
the volume of products you sell, the more ...
Increased efficiency
• Benefit from the economies of scale that the
export of your goods can bring
• Go global and profita...
Increased productivity
• Statistics from UK Trade and Investment
(UKTI) state that companies involved in
overseas trade ca...
Economic advantage
• Take advantage of currency fluctuations –
export when the value of the pound
sterling is low against ...
Innovation
• Because you are exporting to a wider range of
customers, you will also gain a wider range of
feedback about y...
Growth
• The holy grail for any business, and something that
has been lacking for a long time in our
manufacturing industr...
and finally…

Keep calm
&
trade
internationally
Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
Contact
TTC wetranslate Limited
86 Broomfield Road
Chelmsford, Essex, CM1 1SS, UK
www.ttcwetranslate.com

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7 Reasons why you should trade internationally

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Your business can benefit from trading internationally. This presentation explains the seven reasons why you should trade internationally.

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7 Reasons why you should trade internationally

  1. 1. Why International Trade Levent Yildizgoren – Managing Director - TTC wetranslate Ltd Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  2. 2. • No matter how attractive and ‘must have’ your product seems to be, a strictly on-shore market will always have a finite capacity, and once you have reached saturation point, what then? • You can, of course, continually re-invent your product and spend a fortune on new advertising campaigns, but wise business leaders are looking to go global and exploit the many international trade opportunities – after all, in the global economy; practically every country is a potential customer. • Your business can benefit from trading internationally. This presentation explains the seven reasons why you should trade internationally. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  3. 3. Reduced dependence on your local market • Your home market may be struggling due to economic pressures, but if you go global, you will have immediate access to a practically unlimited range of customers in areas where there is more money available to spend. • Different cultures have different wants and needs, you can diversify your product range to take advantage of these differences. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  4. 4. Increased chances of success • Unless you’ve got your pricing wrong, the higher the volume of products you sell, the more profit you make, and overseas trade is an obvious way to increase sales. • In support of this, UK Trade and Investment (UKTI) claim that companies who go global are 12% more likely to survive and excel than those who choose not to export. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  5. 5. Increased efficiency • Benefit from the economies of scale that the export of your goods can bring • Go global and profitably use up any excess capacity in your business, smoothing the load and avoiding the seasonal peaks and troughs that are the bane of the production manager’s life. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  6. 6. Increased productivity • Statistics from UK Trade and Investment (UKTI) state that companies involved in overseas trade can improve their productivity by 34% – imagine that, over a third more with no increase in plant. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  7. 7. Economic advantage • Take advantage of currency fluctuations – export when the value of the pound sterling is low against other currencies, and reap the very real benefits. • Words of warning though; watch out for import tariffs in the country you are exporting to, and keep an eye on the value of sterling. You don’t want to be caught out by any sudden upsurge in the value of the pound, or you could lose all the profit you have worked so hard to gain. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  8. 8. Innovation • Because you are exporting to a wider range of customers, you will also gain a wider range of feedback about your products, and this can lead to real benefits. • In fact, UKTI statistics show that businesses believe that exporting leads to innovation – increases in break-through product development to solve problems and meet the needs of the wider customer base. • 53% of businesses they spoke to said that a new product or service has evolved because of their overseas trade. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  9. 9. Growth • The holy grail for any business, and something that has been lacking for a long time in our manufacturing industries more overseas trade = increased growth opportunities • This will benefit both your business and our economy as a whole. Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  10. 10. and finally… Keep calm & trade internationally Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
  11. 11. Contact TTC wetranslate Limited 86 Broomfield Road Chelmsford, Essex, CM1 1SS, UK www.ttcwetranslate.com Twitter: Linkedin: Google+: YouTube: https://twitter.com/yildizgoren www.linkedin.com/in/leventyildizgoren https://plus.google.com/u/0/+LeventYildizgoren https://www.youtube.com/user/TranslationMatters Why International Trade | © Levent Yıldızgören www.ttcwetranslate.com
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