Our next #TradeElite Twitter chat will be a discussion on just that!  How do you select and qualify the vendors for your value chain? What challenges might you face? How should you negotiate to achieve the best outcome for your business, and how do you manage long-term relationships with your vendors to ensure your value chain continues to run smoothly and efficiently?

Join us in less than a week with special guest moderator Emiliano Introcaso, CITP|FIBP, FITT instructor.

During our last chat, John Treleaven, CITP|FIBP, and our panel of experts showed us why it’s all about profit margins in international trade.

Here are some of the highlights!

@FITTNews #TradeElite our New Reality in Cda is our decreasing ability to sell on price alone. Agreed?

— John Treleaven CITP (@jht4x4) April 3, 2014

@jht4x4 @FITTNews Selling on price is dangerous. We need to sell on value #TradeElite

— Louei Ali (@LoueiAli) April 3, 2014

No, need to internalize CI @jht4x4 @FITTNews #TradeElite market research competitive intelligence, start & relationship approach is a must

— Estelle Metayer (@Competia) April 3, 2014

@LoueiAli @jht4x4 @SaskTrade Join Trade missions organised by yr Govt or Chamber of Commerce

— Mike Strawson (@ChamberInt_Mike) April 3, 2014

@jht4x4 @ChamberInt_Mike @SaskTrade @Competia Knowing your prospect will dictate your actions that are aligned with your goals #TradeElite

— Louei Ali (@LoueiAli) April 3, 2014

#TradeElite @ChamberInt_Mike @LoueiAli Too much talk of priority markets etc fm many sources when it is customers who matter.

— John Treleaven CITP (@jht4x4) April 3, 2014

@LoueiAli @ChamberInt_Mike #TradeElite Governments cannot create jobs, companies do not create jobs, customers create jobs…

— John Treleaven CITP (@jht4x4) April 3, 2014

@tresAudrey @ChamberInt_Mike If they have “Customers”, who are willing to pay for value, I will do it #TradeElite

— Louei Ali (@LoueiAli) April 3, 2014

@tresAudrey Very interesting. Thanks Audrey. Also EU in 2015 isn’t too far.

— Louei Ali (@LoueiAli) April 3, 2014

@LoueiAli @FITTNews @jht4x4 Culture – you never stop learning. Vital to understand differences. If in doubt, say nothing, use ears and eyes

— Mike Strawson (@ChamberInt_Mike) April 3, 2014

@ChamberInt_Mike What a fantastic attitude John that can only bring success. #TradeElite

— Louei Ali (@LoueiAli) April 3, 2014

We look forward to seeing you at our next #TradeElite chat and virtual networking session.

Look here for details on how to participate and build visibility for your international business and brand.

The post Next #TradeElite networking session & recap of why international trade is all about profit margins appeared first on Trade Ready.

Our upcoming #TradeElite chat will focus on a topic that is vital for succeeding in international trade: profit margins. Price your product too high and you might not have a competitive edge on the global stage. Set your price too low and your export endeavors might turn out to be more effort than they’re worth. 

Have experience in this area, have questions about pricing your product or service for foreign market, or just curious about the topic? Join us for some great discussion, knowledge-sharing and networking!

#TradeElite – wlecome all. Q1 – why don’t SME’s export – what is the main reason

— Doug Taylor (@globethoughts) March 6, 2014

@globethoughts #TradeElite I think SMEs may be getting outdated advice. Back a few decades, few SMEs could export like they can now

— Becky Park DeStigter (@intlentreprenr) March 6, 2014

A1 – I think it’s the intimidation factor. It seems like a lot of work and they don’t understand the benefits. #TradeElite

— David Mark Noah (@DavidMarkNoah) March 6, 2014

@globethoughts A1-Lack of knowledge/understanding of other markets, which leads to perceiving risks much higher than they are #TradeElite

— Gaby Castro-Fontoura (@uklatinamerica) March 6, 2014

A1 – Fear of the unknown and also not knowing the resources that are available to make it happen. #TradeElite

— Louei Ali (@LoueiAli)

March 6, 2014

Q2 – should govts support SME export efforts financially #TradeElite

— Doug Taylor (@globethoughts) March 6, 2014

@globethoughts YES!! Definitely. The best at this that I know of is Israel. #TradeElite and their exports show it

— Becky Park DeStigter (@intlentreprenr) March 6, 2014

A2 – indirectly. not with subsidies but with the indigenous assistance on the ground in mkt (e.g. @exportgov #goldkey) #TradeElite

— Ed Marsh (@edbmarsh) March 6, 2014

Q2 – absolutely! but don’t limit your export efforts into areas funded by your govt, they’re also politicians! #TradeElite

— Gaby Castro-Fontoura (@uklatinamerica) March 6, 2014

Q3 – in your opinion what are the most promising markets for SME’s? #TradeElite

— Doug Taylor (@globethoughts) March 6, 2014

.@globethoughts A3 – For US companies new to export, Canada is a great market to cut your teeth!

— David Mark Noah (@DavidMarkNoah) March 6, 2014

@FITTNews @edbmarsh I am a huge fan of E. Europe and L. and S. America for Cdn. exporters #TradeElite

— Doug Taylor (@globethoughts) March 6, 2014

A3: Depends on your commodity. We sell cosmetics not aerospace tech, the demographics, income level & need are different. #TradeElite

— audrey ross (@tresAudrey) March 6, 2014

#Turkey, #colombia, #ghana and similar manageable vibrant markets provide diversification #TradeElite

— Ed Marsh (@edbmarsh) March 6, 2014

Q4 – is it more difficult for service or product SME’s to get involved internationally #TradeElite

— Doug Taylor (@globethoughts) March 6, 2014

@globethoughts A4 – #TradeElite Each has its complexities. It depends a lot on delivery, service, etc.

— Becky Park DeStigter (@intlentreprenr) March 6, 2014

Q4 – I find services companies find LatAmerica easier than product companies (logistics, import barriers, etc). #TradeElite

— Gaby Castro-Fontoura (@uklatinamerica) March 6, 2014

A4 – often see companies trying to sell products into markets where they simply don’t fit – then products R tough #TradeElite

— Ed Marsh (@edbmarsh) March 6, 2014

@globethoughts A4 – #TradeElite Each has its complexities. It depends a lot on delivery, service, etc.

— Becky Park DeStigter (@intlentreprenr) March 6, 2014

#TradeElite – just about out of time – could each of the panel provide a final word of wisdom please

— Doug Taylor (@globethoughts) March 6, 2014

it’s not wisdom. strategy – planning – execution | hard work | #marketinglocalization | travel – not by email! – #export #TradeElite

— Ed Marsh (@edbmarsh) March 6, 2014

#TradeElite Final advice: Lots of research & conversations to learn about true opportunities & risks. Exporting can be a biz accelerator!

— Becky Park DeStigter (@intlentreprenr) March 6, 2014

#TradeElite. SME to push more to enter new market. Great product +excellent team will result to profits. Consider language, culture,politics

— Albert Aguirre (@albertaguirreca)

March 6, 2014

We look forward to seeing you at our next #TradeElite chat and virtual networking session.

Look here for details on how to participate and build visibility for your international business and brand.

The post Upcoming #TradeElite networking session & recap of how to get more SMEs involved in export appeared first on Trade Ready.