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Making the Most of a Trade Mission
By June Campbell | Contributing Writer
Source: Onvia News
Doing your homework first can lead to better prospects.
Whether you are an experienced importer/exporter or a
business owner who's new to foreign trade, you're likely to
benefit from participating in a trade mission. Mission
participants have the opportunity to network with potential
customers, acquire sales leads, gain an understanding of the
marketplace and make industry contacts.
The secret to a successful experience, the experts say, is
to do your homework before attending, set your goals for the
mission, and then be prepared to take the initiative if
things are not going according to plan.
Before you sign up, you'll need some general information as a starting point. Rick Stephenson, a Trade Commissioner at the International Trade Center in
Vancouver (http://www.infoexport.gc.ca/),
encourages participants to do as much research as possible
before attending a trade mission. "You can find much of what
you want to know on the Internet," Stephenson explained.
"The Strategis Web site (http://www.strategis.ca) contains
plenty of information about importing and exporting to
foreign markets."
Alternatively, you might opt to attend a "preliminary"
workshop if one is available in your area. In Vancouver,
Western Diversification, the International Trade Centre and
the Canadian Consulate General in Seattle sponsor one-day
workshops that they say is "like attending a trade mission
to the US -- without ever leaving B.C." Program Delivery
Officer Kandice Johnson explains, "We bring in US speakers
such as accountants, lawyers and customs brokers. They
discuss topics that the business operator needs to know
before considering exporting to the U.S."
Jennifer Henczel, an international trade consultant and
corporate trainer (www.importexportcoach.com), said
cross-border or intercontinental missions can present
especially rewarding business opportunities. Following a
trade mission to San Francisco in June, one of Henczel's
client, Starline Cabinets Company of Chilliwack, received a
contract offer for orders of more than 40 kitchens a month.
Starline owner Doug Maljaars remarked, "The trip was very
worthwhile! The seminars in the morning and the networking
sessions in the afternoon provided us with excellent
information, industry contacts, and potential sales leads.
Based on the interest expressed by the industry, we are
already planning our next trip to San Francisco."
Markets abroad
Not all trade mission experiences are this positive. Julia
Lyons-Wood, owner of Investigative Marketing Services Ltd.
of Calgary (http://www.investigativemarketing.com), said her
mission to Los Angeles didn't live up to expectations. Since
Lyons-Wood provides a borderless online service, she found
that the consul staff were not helpful in arranging
connections with potential clients or industry associations.
"I ended up making my own appointments and making more
contacts with Canadian businesswomen instead," she
explained.
Lyons-Wood's advice? "Check the consular listings and
contact the correct person, even if they are not your
primary contact in the materials provided. Take lots of your
own promo material. Have a laptop and be prepared to modify
and print off modified documents while there. And lastly, be
very specific about your goals and expectations before you
even get on the plane."
Tips for success
Thinking of going on a trade mission to the US or to more
distant shores?Dennis Mahoney of MHA Mahoney Consulting
Group (www.mha-mahoneyconsulting.com) stresses the
importance of thorough planning and research, as well as
knowing your target market. "If you attend a trade mission
to Spain with a consumer-oriented product, ensure you have
promotional material in Spanish. Expecting the local
population to play according to your rules might be
self-defeating.
Henczel offers the following advice to first-timers who are
considering a Team Canada mission:
Participate fully in every aspect of the mission. You will
have paid big bucks to go, and you must make the most of it.
Take full advantage of the directory of participants that
will be provided to you when the mission begins. Decide whom
you wish to meet and approach them; they are on the mission
with the same objective as you: to network effectively and
do some business.
Take the Team Canada flight that is arranged for the
participants. Lots of contacts can be made and business
deals worked out between Canadian companies even before the
plane lands.
Don't be afraid to introduce yourself to the PM and the
premiers, especially the premier of your own province. After
all, you elected them and they want to hear what's important
to you and why you are on the mission.
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