Is your company missing out on international markets?
Exporting represents a huge sales opportunity for many companies, including small and medium-sized enterprises. Just one foreign market can add $375,000 to revenues, according to the U.S. Census Bureau. Companies that sell in two to four markets see an average f $1 million in new sales.
Fewer than 1 percent of America's 30 million companies export their goods, according to the U.S. Department of Commerce, significantly less than all other developed countries. And, of U.S. companies that do export, 58 percent export to only one country. Many could benefit from researching more about international opportunities.
Also in this issue:
- Industrial real estate market shows BIG increases
- Training programs in development to fill skills' gap
- Reducing turnover essential to increased profits