British goods are in high demand. Behind China and the USA, PayPal’s 2018 Cross-Border Consumer Research report found the UK to be the third most popular online destination for international shoppers. Shoppers in the Middle East are most likely to shop cross-border, with the top motivations being better prices and access to items that aren’t available in their country.
With British brands enjoying interest from overseas shoppers, it presents a good opportunity for more to grow their eCommerce business. And there’s some compelling reasons why you might be considering international expansion. It can help you reach new customers, spread your business risk and increase profits.
So why aren’t 44% of British retailers selling their products overseas?
Retailers are being put-off by a number of factors including the cost of expanding, language barriers, rules and regulations, and most recently, Brexit.
But, with the right guidance and some proper planning, shipping internationally can help unlock a new market that’s eager to buy your product.