Bringing Your Business to the US: A Brief How-To.
August 7, 2020 by Staff
Filed under Money/Business, Tech/Internet, Weekly Columns
(Akiit.com) If you have established a growing business in one country, you might start to consider expanding into other markets. Exploring international markets can help you to identify some excellent opportunities, and you could consider the United States as an option for expanding your business. There are a few methods for bringing your business to the US, from exporting your product from your home country to going to the US and starting up a new branch of your business. Before you start expanding, you should think about what might be best for your company. Take a look at these ideas to get started on planning an expansion to the US.
Research the Market
Researching the US market is a must before you make a decision on how to expand into the country. You need to know that there is a market for your product or service and what your audience will be. You could be targeting a different demographic compared to your current one, or you might have to change how you market and sell your brand. As well as using market research services in the country, you might also want to consider whether a visit to the US could be necessary.
Start By Selling Online
An easy way to expand your business into the US is to begin by selling online. If you already have a product that you sell online, offering postage to the US or actively offering your services to the US market can bring you new customers in a short time. Before you start shipping to or working with people in the US, check any regulations that might affect taxation, how you report your income, customs charges, or anything else related to selling to a different country. You don’t want to be caught out by something that could cost you a lot of money or get you in trouble.
Looking for US Distributors
If you’re thinking about exporting to the US, you need to find distributors in the country. You might want to look for help to find the right agent or distributor in the US. Using a service to help you can save you time and might mean that you can avoid trips to the US. When you’re looking for distributors, you might visit trade shows, both in the US and in your home country. You can also try trade associations, government resources and your own network to discover the partners that are right for your business.
Setting Up a US Branch
Are you thinking about setting up a new office or location in the US? Perhaps you’re even thinking about moving out there yourself, leaving your current location in the capable hands of trusted employees or partners. This might mean dealing with i526 processing to get the investor visa that you need. You will need to do plenty of research to understand the process of moving to the US and setting up a business there. It won’t be an easy option, but it could be a good move for your business.
There are several ways to bring your business to the US, but be sure that it’s the right choice before you make any big decisions.
Staff Writer; Bobby Jackson