Are you thinking of growing your business by exporting your products or services?

There can be many advantages to this including:

  • increased sales, increased profit and increased production;
  • improvements in performance and competitiveness;
  • better utilisation of existing facilities—resulting in lower average production costs;
  • balanced seasonal fluctuations;
  • distribution of risks; and
  • reduction in dependence on local markets.

Exporting companies grow through exposure to new ideas and management practices. They are, on average, more profitable than their non-exporting competitors. Their businesses are more likely to develop improved marketing techniques and the skills base of their personnel develops faster through adaptation to new technologies and improved performance standards.

How to get started exporting?

As a successful business you will already be aware of the need for solid preparation before venturing into a new market. Before you start exporting your products or service you should consider:

  • learning the basics of exporting;
  • getting advice on the first steps;
  • getting involved in networking events, listen and talk to other exporters;
  • developing an export strategy as part of your business plan;
  • conducting detailed market research;
  • devising a marketing plan;
  • ensuring your website is up to speed;
  • developing a risk management plan;
  • visiting the market first if you can; and
  • getting advice on legal issues pertaining to exporting.

Visit business.gov.au’s Import and Export page External Link - opens in new window, Austrade’s Exporting portal External Link - opens in new window and the useful links below to find out more.

Where can I get help?

The ACT and Australian Governments offer a number of programs and services to help your business to export.

Global Connect

Global Connect is a single program interface for the various export and trade development activities supported by the ACT Government. This includes:

Visit the Global Connect page to find out more.

Women in Global Business

The Women in Global Business (WIGB) program is a joint Australian, State and Territory Government initiative.

Businesses owned and operated by women are one of the fastest growing business segments. The WIGB program aims to increase female participation in international trade and deliver greater economic benefit and job creation. To women in business it offers a central source of information and resources, support and connection.

Visit the Women in Global Business website External Link - opens in new window to find out more.

Export Market Development Grants (EMDG) Scheme

The EMDG scheme, administered by Austrade, provides assistance to SME Australian exporters developing export business by repaying part of their promotional expenses. Grants are subject to strict eligibility criteria.

Visit the Austrade website External Link - opens in new window to find out more.

Export Finance and Insurance Corporation (EFIC)

The Government-owned EFIC provides financial support to exporters and onshore contractors working on export-related projects. EFIC works alongside banks and supplements the availability of their financing to enable these companies to capture business opportunities that may otherwise be beyond their financial reach.

Visit the Export Finance and Insurance Corporation website External Link - opens in new window to find out more.

Are you already exporting your products or service? Have you got any lessons learned from this? Share your tips with other businesses at facebook/ACTGov.Business External Link - opens in new window or tweet them to @ACTGov_Business External Link - opens in new window.