Thursday, March 31, 2011

How to Cut Costs on Export Sales

My recent contribution for the American Express OPEN Forum through my relationship with Small Business Trends:

8 Ways to Cut Costs on Export Sales
by Laurel Delaney

1. Shift your production to a nation with lower labor costs. For example, if you currently manufacture in North America, try outsourcing to Vietnam, Indonesia or Malaysia, where the labor cost is cheaper and the quality acceptable. At the same time, examine potential transportation costs (refer to No. 7) to ensure you maintain, or even lower, that part of your overseas expenses.
What are some other ways in which you have tightened your belt -- reduced expenses -- on export sales to ensure you maintain decent profits?

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