Chapter
Potential of International E-commerce Expansion
34:10 - 37:48 (03:37)
The potential for e-commerce brands to expand internationally is huge, but most of them remain local due to heavy import duties. Entrepreneurs could make a low-risk proposition for e-commerce brands to expand internationally and become the leading trusted go-to market plan for countries outside of the United States.
Clips
E-commerce brands operating in different geographies have to pay heavy import duties when shipping their products.
34:10 - 36:19 (02:08)
Summary
E-commerce brands operating in different geographies have to pay heavy import duties when shipping their products. A $50 product sold in the US, for example, would require the customer to pay $20 in import taxes apart from the regular shipping charges.
ChapterPotential of International E-commerce Expansion
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The e-commerce industry presents a lot of potential for growth in international markets.
36:19 - 37:48 (01:29)
Summary
The e-commerce industry presents a lot of potential for growth in international markets. Companies can benefit from international operations if they partner with someone who can facilitate their expansion onto other geographies with a low-risk proposition.