It was at towards the end of summer in 2014
that I visited the Spitafield market in London, United Kingdom and met a number
producer sellers. It was a very interesting visit because it boosted my moral
to drive export growth the Nigeria especially the possibility of export fresh
farm produce. The market is located on a large expanse of land located at 23
Sherrin Road, Leyton, London E10 5SQ. This market has been described as premier
wholesale fruit, vegetable and flower market the largest revenue earning fresh
fruit vegetable and flower wholesale market in the UK. Fruits and vegetables
arriving in the UK Airport every evening find their way to this market for
sales to buyers all over country and beyond. The market is open for trade from
midnight to approximately 11 am Monday to Saturday.
One major characteristics of this market, which
also use it as a focal point in this article, is that, it is dominated by the
Asians (especially Indian, Lebanese etc) who constitute more than 50% of the
sellers. Another interesting observation I made was that, they import different
farm produce (fruits and vegetables) from their brothers in their country into
the UK. These have therefore contributed to the tremendous growth in the volume
of shipments from a number of Asian economies to the UK and EU. This synergy
between our citizens at home and abroad is what Nigerians need to emulate in
order to make the current drive for exportation of Nigerian products abroad a
sustainable and successful one.
The next question therefore is, how do
Nigerians at home work with Nigerians abroad to form a formidable team that
will start the exportation of Nigerian products and grow it sustainably to an
enviable company in the international arena? I will use the lessons I learnt
from few of our clients that have used this model successfully to highlight the
HOW in this Write-up. There actually three of them. One of them ship to her
sister in Ireland, the second person ship to her husband in UK, while the third
person ship to his wife in Canada.
The first thing to note is that, if this
arrangement is going to work in a sustainable manner, it must be at the
instance of the exporters in Nigeria who is in dare need of better income,
better business, better life and of course the most sought after foreign
exchange.
Therefore the exporter needs to find a partner
that he is very much comfortable with. This trust must be the first factor to
be considered. It is the foundation of the Business relationship. Both must
agree on their roles, responsibilities and benefits in the business and it will
be great if this is documented in a memorandum of understanding (MOU). I will
like to recommend that the partner should not be an employee that is doing a
9am to 5pm job but rather an entrepreneur that is self-employ or any person
that is relatively free to do the marketing and logistics.
Having sorted out the trust issue, the other 3
critical things that needs to be consider is passion, skill and market.
Marketing a cross border is very challenging especially when the product is
coming from underdeveloped countries. The partner abroad therefore need a lot
of passion for the business in order to keep moving and keep push until he
breaks through. Passion is what creates the staying power in times of
discouragement due to rejections of the products and even the country that
produced it. If the passion is there, he will be willing to learn, accept
criticism and correct any errors or observations made on the product.
When the issue of passion is settled, the next
thing to consider is skill acquisition in the areas of promotion, purchase
order, paperwork and payment methods. These are different areas of
international trade that the partner abroad needs to know. What we have done to
assist the partners of our client abroad is to develop a training product that
has about 13DVDs and a Book covering different areas of international trade.
This can be purchased and sent to the partners abroad for personal development.
The international trade business is a very dynamic one with so many things to
learn. So there is need for continuous personal development after the
foundation have been laid through the initial materials.
The last in the three critical areas of
consideration is the market. This requires the studying of the market to know
the products that are in high demands where we have a competitive advantage in
terms of production and pricing. He will need to segment the market and
determines the segment he will like to target based on his strength and the
perceived opportunities. For this kind of model, starting from the lower class
segment and the shops or markets where they go shopping is very critical. This
is because, this is the path of least resistance especially if you are doing
processed food items, fruits and vegetables. However, if your focus is commodities,
you might have to target the manufacturers in the lower cadre of the ladder
before going to big ones in the export market.
Finally, these 3 critical factors are so
essential that, if anyone one of them is missing, the partner will be
frustrated out of the business. This is because market plus passion minus skill
is equal to dream. Market plus skill minus passion is equal to a job. Passion
plus skill minus market is equal to hobby. Lastly market plus skill plus
passion is equal to the work you love. So, your partner needs skill to build
competence, he needs passion for sustainability and market for the sales and
profitability.
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