E-commerce industry is booming in every country around the world with a revenue of $4.5 Trillion and providing opportunities for online sellers to sell products internationally online.
International marketplaces like Amazon or ebay has played a vital role in the development of cross-border eCommerce globally which is expected to reach $620 Billion by 2022.
But selling products internationally has its own pros and cons which we have mentioned below.
Pros
- Growth in Sales & Profit
- Increase in Product Visibility
- International Brand Exposure
- Forge better partnership & Network
Cons
- Need Investment
- International Compliance & Taxes
- Custom & Import Duties
- Time consuming
4 Steps to Sell products internationally online in 2022
Step 1: Pick up the product which is trending & demanding in the specific country as it improve your success chances at the initial stage.
Step 2: Calculate and Analyze your investment by keeping in mind your product international compliance & tax needs.
However, it totally depends upon your eCommerce business model that how much investment you required.
Step 3: Now, in order to sell online you have two ways which are mentioned below.
1- You can sell through your own website which you can design with any website builders or hire one our expert to do the same.
2- You can sell through international online selling platforms & marketplaces by creating your seller account and paying monthly subscription fee.
Step 4: You can also sell internationally through Drop-shipping business model in which you don’t have to manage shipping or any custom fee. You just need to resell product and your supplier will send the product on his own.
Do I need to register company to sell product internationally?
You don’t need a company at the initial stage but might be you need to have tax registration in any specific country. But you will need a international card along with the bank account.
We help entrepreneurs globally to incorporate company & get an international bank account.
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How to ship products internationally?
Few eCommerce marketplaces like Amazon offers FBA which means you can send your products to their warehouse and then they will deliver your product when customer order.
But if you want to ship on your own then you can do that for sure but make sure to be proactive in the shipping process as majority of the customers enjoy fast and free shipping.