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Top Seven Mistakes Made By Importers

Putting your faith – and your money – in a factory thousands of miles away is a daunting prospect. Reading some of the horror stories that abound on the internet, it’s easy to become petrified into inaction. Of course, any investment involves elements of risk, but there’s no reason why new importers should come unstuck, provided they are able and willing to learn from others’ experience. Here are seven of the most common mistakes those new to importing tend to make and how to avoid them.

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Building bridges between cultures for greater prosperity

Globalisation, modern technology and the integration of world markets all mean that businesses are increasingly finding themselves operating across many diverse cultural environments. However you communicate with business contacts overseas, though, there is always the potential for challenges arising from cultural differences. The need for businesses to be able to overcome intercultural differences and communication issues has grown exponentially.

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It’s all about trust – Building successful relationships with overseas suppliers

UK martial arts apparel business Scramble goes from strength to strength with the support of overseas manufacturers – MangoB2B finds out how. In this interview we put the spotlight on an up-and-coming British SME “Scramble” and its founder Matt Benyon.

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All that glitters is not gold

A great many suppliers and buyers rely on using business index websites to help establish contact with clients. These index websites list the services of sometimes millions of organisations and can be fantastic resources for businesses. Many of these service users will never meet in person and will put a lot of their trust in information supplied by these websites. Being aware of this, most successful index websites will use some sort of system to verify legitimacy and/or reputation of those it lists. Quite often users will also have to pay for this verification service to show that they can be trusted, as well as other perks to make them more marketable. But what happens when the verification process requires no real proof other than taking what they are told at face value? It opens the system to widespread abuse with the buyers suffering the most.

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Expand Your Horizons And Take Advantage Of What The World Has To Offer

For many SME’s the world of international trade can seem a daunting place full of expensive risks and complicated paper work. But for those that can overcome these hurdles they are able to expose their business to a near limitless world of possibility and opportunity. Taking advantage of these opportunities is a great way to enter new markets and expand your business. International trade in most large markets generates hundreds of billions and even trillions of Dollars(US) yet in places like the UK, only two out of ten businesses take part.

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Marketing Advice For Shy SME’s

It’s a well-known issue for many small and medium size businesses (SME’s) to struggle with marketing. There is no clear, guaranteed produced end result and it can often be very expensive for businesses with little room to spare in their existing budgets. However marketing is a vital piece of the puzzle if you want spread awareness and the value of your brand to potential new clients. In this article we will consider some of the most recommended strategies for maximising your marketing strategy for SME’s.

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How To Super Charge Your Sales In The B2B Environment

First of all one must realise that the B2B market does not exist in any practical terms, it is simply an over generalisation of businesses that work directly with other businesses.  Who will all belong to their own particular market for their respective industry.  Trying to create an overarching strategy that encompasses all B2B’s will lead to you missing out on key customer requirements, making your strategy largely irrelevant to most of the businesses you are targeting.  It is also likely to be very expensive in time and resources.

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5 Coping Strategies Top Performers Use Under Pressure

Everyone has their own coping strategies for dealing with stress but those at the very top of their respective game must thrive and succeed, where others fail. As well as the professional benefits of stress management there are important health considerations. Stress is a major factor in developing heart disease, lung cancer, liver problems, mental health problems and suicide. This occurs because when ignored, acute stress can lead to chronic stress.

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The power of partnerships and how to get it right

There are many reasons to consider collaboration with other companies: Cost savings, reduction of logistical effort, sharing of ideas and technology, access to clients and resources, stability, improved performance, expertise and associated prestige. A mutually beneficial partnership could lead to both parties reducing their own weaknesses and optimising their strengths. For instance long-term relationships with key customers are often able to achieve steady growth, while also reducing costs through enabling better inventory management.

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Ripe Mango: Japan and its outstanding innovative SME manufacturers

In this series of articles we will be putting the spotlight on some of the most innovative and interesting sources of manufacturing in the world.  We start with the small to medium enterprises (SME) manufacturers of Japan.

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Mango B2B is a trusted marketplace for businesses to buy & sell. If your business sells to other businesses then you should be listed here.

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