Shipping and delivery are some of the main drivers of sales in e-Commerce. This will expand your business across borders and reach online shoppers worldwide.
Let’s take a look at these numbers:
- By the end of 2021, there will be 2.14 billion digital shoppers worldwide
- Singapore and Malaysia account for 50% of the total cross-border e-commerce market
- 55% of all online shoppers in Singapore involve overseas sellers
- Cross-border e-commerce is projected to account for 22% of e-Commerce shipments by 2022
- 7% of consumers shop overseas because overseas prices are lower
Therefore, Here are the main advantages of international shipping in e-Commerce:
Advantage against competitors
Therefore, It is best for businesses operating in a saturated market. Getting your product into a market that your competitors haven’t yet penetrated will give you a competitive advantage. This will give you VP Security Email List time to build yourself up and a chance to become a brand this market can trust.
These are just a few of the advantages you can get when venturing into shipping overseas.
However, you will need the right delivery strategy so that you can meet your customers’ expectations and provide a great customer experience.
Good thing you don’t have to take the high road to achieve that. You only need to be able to understand the process and regulations for shipping from one border to another so you can set expectations and of course calculate your profit margin.
How to make international shipments profitably
Therefore, Here are the main things to consider when shipping internationally:
Will my product be accepted in my target country?
Some products will be subject to quarantine for a long time or will be banned from entry immediately.
To ensure that you can import your products into your chosen target country, check the official customs website of that country. Pay close attention to restricted items.
Common articles that are restricted CW Leads or require proper documentation include agricultural products such as seeds or plants, certain beverages, synthetic drugs, etc.