When growing a business, your local market is an excellent starting point, but it can only take you so far. Exporting is the process of selling your goods or services to other provinces or countries. It allows you to access new markets, meaning you can expand your potential customer base and increase sales. This diversifies your business, insulating it from fluctuations in your local market.
What are the benefits of exporting?
Expanding your market can make your business more successful in the long-run. Here are some of the benefits:
Increase Sales
New markets hold new potential customers, meaning your business can sell in higher volumes.
New opportunities
Looking beyond your existing markets can lead to a broadened product offering, new business prospects, and more diverse partners.
Discover grants and funding
By growing your business, you may become eligible for new financial opportunities that are only available to companies exporting outside of B.C.
Enhance competitiveness
Increasing your sales can decrease your production costs and foster innovation.
Protection from regional competition
The less dependent your business is on your local market, the less impact an increase in competition will have on your business as a whole.
Why export from British Columbia?
Many businesses successfully export from British Columbia — its connection with the rest of the world is optimal! The benefits of exporting from B.C. include:
- The free Export Navigator Program to help businesses on their exporting journey
- The shortest sea route between North America and Asia
- Several world-class international ports
- A shared land border with the world’s largest consumer market, the United States
- Sources of federal and provincial funding and support
Is exporting to new markets for me?
The idea of growing your business beyond B.C. is exciting, but it can also seem daunting. However, with the right support, expanding your market can be a realistic goal for your business. That’s where we come in to help – our advisors will guide you through the early stages of export planning so your business can scale up.
Once you join Export Navigator, you will be connected with the resources you need to answer your exporting questions. Get in touch to find out how you can access our free export advisory services.
