Trading internationally can involve importing, exporting, or both.
If you're an importer, you'll be sourcing supplies or finished goods from abroad. The benefits can include lower prices, higher-quality products or products that are unique and from an original source. The other side of the coin - exporting your own products - can be a way of expanding your business into new markets that offer growth opportunities.
Before deciding to trade internationally, you need to do your homework. There will be additional factors to consider - as varied as different languages and laws, transportation and time zones, foreign currency accounts and international money transfers. As with any major business decision, research and a well-developed strategy are key.
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