International Market Research Maggie Weaver COEF@ontario.ca The method of market research Geographical markets & target consumers Companies – customers and/or competitors Regulations & standards Marketing topics Additional help 1. The Method Market research is a process to learn about the target customer and the business environment into which you will sell. Marketing is the process of selling to that target customer. As you do the market research, you will begin to develop ideas about the best way to do the marketing. Research objective(s) e.g, choosing between one geographical market and another Research design Secondary sources both from outside sources (external), and information the company has already (internal) Primary data collection includes quantitative and qualitative data, acquired by surveys Organization and analysis Conclusions This workshop covers secondary sources that will be useful. Resources that will help with planning the research, and organizing & analyzing the information, include: “Principles of Marketing” Tutorials http://www.knowthis.com/principles-of-marketing-tutorials KnowThis LLC. KnowThis represents the marketing specialty within the World Wide Web Virtual Library. The tutorials on market research cover planning, and primary and secondary research. Under “Manage and Plan”, see also tutorials on preparing a market study, and writing a marketing plan. SBA Export Business Planner – Chapter 4: Creating an export business plan http://www.sba.gov/sites/default/files/SBA%20Export%20Business%20Planner.pdf US Small Business Administration, p.20-47. Includes worksheets: Market expansion – benefits/trade-offs; Business analysis; Industry analysis; Products with export potential; Matching products to global trends/needs; Most penetrable markets; Markets to pursue; Short- and long-term goals. SBA Export Business Planner – Chapter 5: Developing your marketing plan http://www.sba.gov/sites/default/files/SBA%20Export%20Business%20Planner.pdf US Small Business Administration, p.48-92. Includes worksheets: Market factor assessment; Your industry in target global markets; Building a distributor or agent relationship; Marketing your product/service; Marketing your product – identifying practical needs; Defining your marketing strategy; Identifying customers within your chosen markets. Examples of secondary market research reports: Market Reports http://www.tradecommissioner.gc.ca (under Export tab, click on Market Reports) Trade Commissioner Service. Market profiles compiled by Trade Commissioners at Canadian consulates and embassies abroad, by specific geographic and sector markets. (Registration required.) International Market Research, November 2014 1 Maggie Weaver, Canada-Ontario Export Forum Statistics & Market Information [food & beverage sector] http://www.agr.gc.ca/eng/industry-markets-and-trade/ Agriculture & Agri-Food Canada. Statistics and market reports for the food & beverage sector, organized by product and region. Includes food retail and food service trends. 2. Geographical markets & target consumers Trade Data Online http://www.ic.gc.ca/tdo Industry Canada. Trade Data from Statistics Canada and US Census Bureau. Search for exports by industry (NAICS codes) or by product (HS codes). Specify national or provincial detail, and country of origin or destination. Also useful for determining HS codes. Trade Map Canada http://www.trademap.org/canada/Index.aspx UN/WTO International Trade Centre. Access free to Canadian courtesy CanadaBusiness.ca. Trade Map is an interactive tool providing key international trade data by product and by country. A TradeMap registration also provides free access to ProductMap, a tool that gathers information for 72 industries, for assessing global market trends, and identifying opportunities in product categories. Registration required, contact TradeMapCanada@ic.gc.ca. UNdata http://data.un.org/ United Nations. 34 databases for data on a wide range of economic and socio-demographic topics, from crime and education to tourism and trade. Links to national statistical offices, such as INSEE in France and Statistics Sweden, are on the main page under Country Data Services. World DataBank http://databank.worldbank.org The World Bank. Database of development data covering 1157 indicators, 228 countries, and 18 regional and income groups, such as population, income, social, economic, financial, natural resources, and environmental indicators. FedStats http://www.fedstats.gov/ Federal Statistical Agencies. Provides easy access to statistics and information produced by more than 100 US federal government agencies, on topics such as that provide data and trend information on such topics as economic and population trends, crime, education, health care, aviation safety, energy use, farm production and more,. Browse by agency or by state. American FactFinder http://factfinder2.census.gov US Census Bureau. A primary source for demographic information. Consumer Expenditure Survey [US] http://www.bls.gov/cex/ US Bureau of Labor Statistics. Information on the buying habits of American consumers, including data on their expenditures, income, and consumer unit (families and single consumers) characteristics. Eurostat http://epp.eurostat.ec.europa.eu/ European Commission. Statistical office of the European Commission. Under “General & regional statistics”, click on Portrait of the Regions to find statistics for countries and smaller regions (counties, länder, etc.). In the other sections (industry, external trade, etc.) click on “Tables” for time series for each of the 25 member countries. International Market Research, November 2014 2 Maggie Weaver, Canada-Ontario Export Forum GlobalEdge Insights by Country http://globaledge.msu.edu/global-insights (select a country) Michigan State University. Links to sources of information by country: statistics, economy, history, government, culture, risk, corporations, trade statistics, indices, and other resources. 3. Companies – Customers and/or competitors Industry and Local Business Statistics [US] http://www.census.gov/econ/census/snapshots_center/ US Census Bureau, Economic Census. Produced every five years for 18 sectors, for the US as a whole, and States, metropolitan areas, counties, economic places, and ZIP Codes (coverage varies from sector to sector). Economic Census statistics are collected and published primarily by "establishment", for example, a single store or factory. Industry Snapshots are summaries of 37 industries, from alcoholic beverage wholesalers through wireless telecommunications, and of 21 metropolitan areas. Data from the 2012 Economic Census will be released from December 2013 through mid-2016. ThomasNet.com [US] http://www.thomasnet.com/ Thomas Publishing Company. Directory of 610,000 qualified manufacturers and distributors, of components, equipment and raw materials. Browse by category, from adhesives and sealants to pumps and valves, or keyword search products, brand and company names. “Other” category covers 53 product categories, from animal and veterinary to video systems. Europages http://www.europages.co.uk/ Europages. Lists 2 million European companies by industry sector, geographic region, size and activity. Browse by one of 26 categories, or use keyword search and then restrict by country, size and category. Solunet Info-Mex http://www.solunet-infomex.com/ Odovo Network. Directory of 1 million Mexican companies. Keyword search, or browse by industry category or location. Kompass http://ca.kompass.com Kompass. Multinational directory of 4 million companies. Search by country and product. Provides full contact information including website, and indicates whether the company is a producer, and distributor, and exporter or an importer for each product. Superpages – Global Directories http://www.superpages.com/global/ Supermedia LLC. Search Yellow Pages, White Pages and directories worldwide, for example TeleListas from Brazil, and AME Info, a business directory for countries in the Middle East. Gateway to Associations http://www.asaecenter.org/Community/Directories/associationsearch.cfm American Association of Association Executives. International directory of business, trade and professional associations that have an online presence. Search by keyword from association name, and by country. See also Encyclopedia of Associations, at your public library. Consumer Goods Related Trade Associations [US] http://www.ita.doc.gov/td/ocg/assoc.htm US International Trade Administration. Links and contact information for more than 60 US trade associations, from Association of Home Appliance Manufacturers, to Toy Industry Association, Inc. International Market Research, November 2014 3 Maggie Weaver, Canada-Ontario Export Forum WCN World Chambers Directory http://chamberdirectory.worldchambers.com/ International Chamber of Commerce. Database of 12,000 chambers worldwide, for example the Russian Chamber of Commerce and Industry in Moscow, and the Chambre de Commerce France-Canada in Paris. Provides links to websites and to member directories where available. In some countries, company registration is handled by the chambers of commerce. 4. Regulations and standards Canadian export regulations: Exporting Goods from Canada – A Handy Customs Guide for Exporters http://www.cbsa-asfc.gc.ca/publications/pub/bsf5081-eng.html Canada Border Services Agency. Overview of the process for reporting exports: why you have to report, what goods you have to report, where and when to report, and how to complete Form B13A Export Declaration. Canadian Export Classification http://www.statcan.gc.ca/pub/65-209-x/65-209-x2014000-eng.htm Statistics Canada. General rules for the interpretation of the Harmonized System (HS), and titles of sections and chapters of the Canadian Export Classification. Exporting Goods Regulations & Contacts http://www.canadabusiness.ca/eng/page/2728// Covers export regulations for live animals, cultural products, customs regulations, export controls, firearms, food, hazardous waste, labeling, meat & marking, poultry, narcotics, nuclear material, plants and wildlife. Food Exports http://www.inspection.gc.ca/english/fssa/expe.shtml Canadian Food Inspection Agency (CFIA). Food products must be certified before export. Export Controls Handbook http://www.international.gc.ca/controls-controles/about-a_propos/expor/guide.aspx Foreign Affairs, Trade & Development Canada. The main reference tool to assist exporters with questions about the administration of Canada’s export controls which are administered under the authority of the Export and Import Permits Act. Most important areas for small business: Dual use and US goods and technology. Target country import regulations: Country Commercial Guides http://www.BuyUSAinfo.net US Dept Commerce. Especially Chapter 5: Trade Regulations & Standards. NB no guide for USA. Always check the country’s own guide to importing, for example: Importing Into the United States – A Guide for Commercial Importers http://www.cbp.gov/document/publications/importing-united-states US Customs & Border Protection. Covers entry of goods, informed compliance, invoices, assessment of duty, classification and value, and special requirements (incl. prohibited goods). 211p, PDF. Export Helpdesk – Europe http://exporthelp.europa.eu European Commission. Intended to assist developing countries in exporting to the EU. Sections include Requirements and taxes – EU import requirements, VAT rules and excise duties; Import tariffs – a lookup table using 10-digit HS codes; Trade statistics; and Business Contacts – including customs and taxation organizations. International Market Research, November 2014 4 Maggie Weaver, Canada-Ontario Export Forum iXPOS, Your Business in Germany http://www.ixpos.de Germany Trade & Invest. Market Entry section covers import regulations, standards, etc. Handbooks for Import Regulations [Japan] http://www.jetro.go.jp/en/reports/regulations/ JETRO. Import procedures for various sectors. Other pages provide market trends, statistics, etc. Other regulations and standards: Preparing Your Product for Export http://export.gov/basicguide/eg_main_043085.asp US Trade Information Center. Chapter 8 in “A Basic Guide to Exporting”. Covers Adapting your product to meet government regulations, country conditions, or preferences; Modifying your product labeling and packaging; Planning for installation of your product overseas. Regulated Products Handbook [US] https://www.cpsc.gov//Global/Business-and-Manufacturing/BusinessEducation/RegulatedProductsHandbook.pdf US Consumer Product Safety Commission (CPSC). A guide for manufacturers, importers, distributors, and retailers on procedures relating to the enforcement of consumer product safety standards and regulations. Six Steps to CE Marking [Europe] http://www.tradecommissioner.gc.ca/eng/document.jsp?did=133335 (registration required) Canadian Trade Commissioner Service. The CE mark indicates that products meet all applicable European health, safety, performance and environmental requirements. The steps relate to: Find the applicable CE directive(s) and essential requirements; Certification; Documentation; Declaration of conformity. (16 pages PDF) Standards Alert! http://www.scc.ca/en/information-services/standards-alert Standards Council of Canada. Subscribers receive e-mail updates about changes to the Canadian and international standards in a particular field of interest. 5. Marketing Topics Tariff Download Facility http://tariffdata.wto.org/ World Trade Organisation. Comprehensive database of WTO members’ customs tariffs. The data are the general non-preferential rates (“most-favoured nation” or MFN rates), both the rates actually “applied” and countries’ maximum rates, using the standard six-digit HS codes. Download in Excel, XML or CSV formats. Intellectual Property for Exporting Businesses http://www.cipo.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03073.html Canadian Intellectual Property Office. A guide to protecting your intellectual property, including trademarks. Includes links to resources under each step, including developing an IP strategy, searching IP databases and protecting your rights. Country Insights http://www.intercultures.ca (click on Country Insights) Department of Foreign Affairs, Trade & Development, Centre for Intercultural Learning. Links to a widerange of country-specific topics, including economy, media, and cultural topics, from conversations and communications to relationship building and stereotypes. TSNN – Event Search http://www.tsnn.com Trade Show News Network. Database of 25,000 trade shows, major emphasis on US shows. Search by 52 industry categories, from agriculture to travel and tourism, or search by location, month or keyword. International Market Research, November 2014 5 Maggie Weaver, Canada-Ontario Export Forum EventsEye http://www.eventseye.com EventsEye.com. Bilingual database of 9,000 tradeshows, with good coverage for Europe. Search by name, theme, date or location. “Themes” are 150 broad topics, such as Jewelry or Mining Technologies, with about 50 entries under most themes. J-messe http://www.jetro.go.jp/en/database/j-messe/ Japan External Trade Organization (JETRO). The database has more than 2,000 tradeshows with good coverage for Asia. Search by keyword, industry, date or location. ATA Carnet http://www.chamber.ca/carnet/ Canadian Chamber of Commerce. Internationally-recognized customs document for the temporary importation of goods. The carnet is commonly used to bring commercial samples to potential customers or trade fairs, and by service companies to travel with their professional equipment. GlobalTrade.net Trade Services Directory http://www.globaltrade.net/expert-service-provider.html GlobalTrade.net. Directory of 125,000 trade service providers worldwide, including banks, language services, lawyers, taxes, trade compliance and customs, trading companies and agents, etc. Search by service category, country or keyword. Export Strategies of Small and Medium-Sized Canadian Businesses http://www.edc.ca (under Knowledge Centre, click on Publications) Export Development Canada (EDC).Brief introduction to market entry strategies: direct exporting, using representatives, partnering with a larger Canadian exporter, follow-the-customer partnerships, and partnering with a foreign company. (6 pages PDF, registration required) 6. Additional help International Trade Research / International Marketing http://www.fitt.ca/en/FITTskillsProgram FITT Forum for International Trade Training. In-depth training available online or in person. Part of a series leading to the designation “Certified International Trade Professional”, or may be taken separately ($). Export Market Access http://exportaccess.ca Ontario Chamber of Commerce. Eligibility: 5+ employees and annual sales of $500,000+. Grants to cover up to 50% of eligible costs incurred to develop export sales. Eligible activities include market research, marketing tools, direct contacts and foreign bidding projects. Quirk’s Researcher Sourcebook http://www.quirks.com (click on Directories, the Sourcebook) Quirk Enterprises Inc. Directory of 7,000 companies providing market research services. Search by state or province, and by area of research or industry specialization. Summary: The method of market research Geographical markets & target consumers Companies – customers and/or competitors Regulations & standards Marketing topics Additional help -- COEF@ontario.ca International Market Research, November 2014 6 Maggie Weaver, Canada-Ontario Export Forum