Saturday 28 June 2014

About 95 percent of the world's population lives outside the United States, but many US companies, especially small businesses, still do not engage in...

There are
many considerations. One is language barriers. While many people all over the world either know
or are studying English, there are many more who are not familiar enough with the language in
order to shop. While the Internet offers basic translation services, these are sometimes
imperfect and can lead to misunderstandings.

Another consideration is
shipping costs. It costs a great deal of money to ship goods outside of the United States;
often, these goods have to be insured as well. Many small companies do not wish to pay this kind
of overhead to ship cheap consumer goods outside of the country. There are also currency
exchanges to consider as well, though in the future virtual currency may make this
easier.

Another reason is the supply of product to be sold. If one is
selling products all over the world, this involves potentially having a great deal of products.
This in turn can mean more warehouse space and employees. Deciding to become a global company is
a major investment...

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