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Export and Sell Your Products to Mexico by the
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Published on this site: August 7th, 2006 - See more articles from this month
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Selling products to Mexico is easier than ever. Mexico is the 1 importer
of US products in the world. There is a need for all types of products
including food, beverages, electronics, cars, tools, candy, toys, clothing,
everything.
Mexicans are so eager to buy that they come to the USA looking for products
instead of waiting around for someone to call them and sell them something.
They visit US trade shows, organizations and many companies. I constantly
have someone in San Diego visiting from Mexico to speak with me on how
they can find products of all kinds to export.
Who's looking for products? Mainly wholesale distributors and retailers.
They are looking for products to sell in retail stores or to other distributors
in Mexico, most of the time they will buy truckloads of product and export
them to Mexico themselves, handling the shipping, imports and tariffs.
Why do they do this? Why are they so eager to buy US products? Simple,
they don't have Mexican made products they can sell and they want to be
the first to carry a new American product. They know if they are the first
to market with a new product they can make a lot of money very fast. After
that they just restock their customer's shelves.
The big question I'm asked by my consulting clients is: how do I get started
exporting to Mexico?
To export to Mexico you can be passive or active. You can go after the
business or wait until they come looking for you, and believe me, if you
have a good product, eventually they will.
Passive Approach
The passive approach to getting business is to make sure Mexican businesspeople
can find you. Here are a few tactics on how to reach exporters:
You have to make sure your products are in US trade shows. You don't have
to go yourself, maybe a customer sells at trade shows or you hire a broker
that goes to trade shows.
Make sure all your products and sales materials have an international
phone number (not just a USA toll free number) as well as an email address.
This includes your website, product labels, business cards and brochures.
Have the right information ready. Make sure you already know what your
international price will be. It's usually much lower than your US price,
especially if they will pay the export fees and transportation. You also
need all the product specifications like weight, dimensions, case count
or pallet count.
Active Approach
If you are serious about selling to Mexico and would like to do it now
you have to be more active. You can't just wait for people to find you
because it can take months or even years if you don't have any promotions
in the marketplace.
The first thing you have to do is learn more about your target market.
How much are people paying in Mexico for your product or a similar product?
How much are they paying to import and transport those products? What
are the profit margins for the distributors and retailers? Where could
you sell your products? How many stores are there in Mexico?
Once you learn more about your target market and you develop your price
strategy it's time to find customers. Visit Mexican trade shows, look
for US distributors already selling in Mexico and find brokers.
After you educate yourself a bit more on the Mexican marketplace you also
need to determine what kind of support your new found customers will need
in Mexico. Do you have a product that sells itself or do you need store
promotion, POS (Point of Sale) material, sales commissions, or some other
support.
Many times my customers tell me "I just want to sell my product in
the USA and someone can export it, sell it, merchandise it and distribute
it". Well, this is possible. I've helped companies sell products
like mayonnaise, water, margarine and other products that sell themselves
in this fashion. But if your product is not a "first necessity"
product or name brand, chances are you'll either have to do some promotion
or give a very good price to distributors and importers.
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Jorge Olson is a Wholesale Distribution Consultant and can help
you sell your products in the USA to Distributors and Retail Stores and
export them to Mexico by the truckload. His latest eBook can be found
at http://www.WholesaleTeacher.com
You can learn more and contact him at http://www.DistributionBiz.com
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