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By Export New Zealand
ExportNZ is the peak industry body for exporters – providing advocacy, inspiration, practical support programs, training and networking events to help members achieve their international business goals. Email [email protected]

Before you decide to export
This may sound like a no-brainer, but before you decide to export, you need to be fully aware of the commitment it takes to be an exporter. Exporting is not easy and will cost you twice as much and take twice as long to get a return from than you think.
When you are considering exporting, or if you’ve already started, join New Zealand Trade and Enterprise to access resources, tools, research and support to get started or plan growth. Learn more and join online at getthere.nz – it’s free for New Zealand businesses.
If you join ExportNZ we will connect you with companies that have export experience in a similar sector – companies that will be able to give you some good advice.
ExportNZ is all about exporters helping each other, and our members are very generous in sharing their learnings.
Selecting your market
Prior to selecting export markets, undertake market research to verify the proposed target markets. In addition to statistical analysis, ask:
•    Is there an established demand for my product or service?
•    Will I have to spend time educating consumers?
•    Do I have a value proposition advantage?
•    Is it sustainable?
•    How much competition is there?
•    Can I be competitive taking into account logistics and exchange rates?
There is no substitute for going to the market yourself, even as a tourist for a reconnaissance trip.
Secondary research (i.e. desk research) is relatively low cost, but will have to be combined with some primary research. This may involve use of a local market research company or undertaking direct research yourself. You may be able to tap into foreign students studying in New Zealand for some more affordable customer focus group work.  
Your market research strategy plan will need to ensure that all of the important questions are answered and provide evidence of real chances of success. This will enable market entry decisions to be made with confidence.
Companies are more successful if they focus deeply on one market, rather than spreading themselves too thinly and taking a scattergun approach. Don’t be distracted from your strategy by random enquiries from potential customers in different markets.
If your product is food or beverage, you can access some quite helpful market research done by MBIE for exporters at:
https://bit.ly/2MdMdVT

This is an extract of the chapter. You can buy a print copy of the handbook here or a digital copy here

Cathy Parker

Experience of Governance and management corporate and private companies. Sectors include media, automotive, leasing and engineering. Experience in Business building via acquisition and organic growth and directing a business in a VUCA environment. Strong interest and knowledge in IT, digital industries, media, sales, technology and management. Regular writer in business and automotive area.