4 Ways To Get Financial & Intellectual Support To Help You Build A Successful Export Business

Success and failure are two asymmetrical constants in everything we do. Just as it could be easy to grow a successful export business if you start and execute the right way, it could also be extremely hard if you've no real sense of direction on what to do.

Growing any successful business requires the right mix of intellectual prowess, financial support, and persistent efforts. When 2 out of the 3 are in place, success might happen, but when all 3 work together, success is inevitable.

If you're struggling to grow a successful export business, here are 4 ways to get the intellectual and financial support you need to help you start and grow a successful export business from scratch:

See Also: 8 Crucial Things New Exporters Must Know Before Starting An Export Business 

1). Constantly Read Export Blogs & Books:

If you're not constantly learning, you're not growing. One of the best ways to stay ahead of the curve, learn the latest trade practices, understand sales & marketing, and to understand so much more about the export business is to consistently read books and blogs who publish articles on how to start, run, and grow successful export businesses.

Startuptipsdaily.com is one of such great blogs, and there are many other blogs that publish a lot of export-related articles.

By consistently following rich online resources, reading great export business books, attending highly valuable online export courses, and much more, you can put yourself in a position to build a successful export business.

See Also: How To Make Your First $10,000 (?3,600,000) Exporting Goods From Nigeria Without Losing Any Money

2). Join An Export Focused Association Or Group:

A great way to stay up to date and to know what other people are doing that works for them is to join export-focused associations and trade groups.

When you join these communities, you'd have access to a wide number of people who are in the same business with you and can learn what they're doing that's working or not.

You can also easily get pricing information, product sourcing information, and much more.

These groups are usually online or offline communities. They could be a Whatsapp group, a Facebook group, a LinkedIn group, a trade association, and much more.

By joining these groups, attending networking events, and engaging in other activities that causes you to meet and associate with more people in the export business, you will put yourself in a position to learn all you can that is required to build a successful export business.

See Also: 6 Guaranteed Ways To Avoid The Financial Mistakes Most Exporters Make

3). Get A Mentor:

Mentors are people who have not just talked the talk, but have walked the walk. They've gone through a lot of challenges you're yet to even encounter, have failed many times, succeeded many times, and in all, have found the right path to success that can be replicated by anyone else.

If you hope to be able to make as few mistakes as possible on your path to building a successful export business, you'd need to find someone who has succeeded at it a few times and ask that they mentor you.

4). Be On The Lookout For Funding Opportunities:

Lastly, you have to consistently pay attention to news relating to funding and export finance. Governments around the world are always launching finance packages for exporters in their countries because they know that international trade is key to growing any economy and getting an inflow of foreign exchange. As such, they always put out various schemes and opportunities that are structured right for exporters.

Beyond just governments, various private organisations also provide funding opportunities for exporters, and depending on your track record & company structure, you just might be qualified to get financing from them.

See Also: How To Secure Commodity Trade Finance For Your Import/Export Business

What are your thoughts on these 4 ways to get financial & intellectual support to help you grow a successful export business? Let me know by leaving a comment below.