In honor of David Letterman, a late-night TV host who made America laugh since 1982, and his last show as a TV host after more than three decades, I decided to celebrate his love of “Top 10” lists with one of my own. Global ecommerce can be a highly complex landscape to navigate without experience and know-how, which is why asking the right questions can be so important. With that in mind, I took this opportunity to share my list of the top 10 things to think about when expanding your ecommerce offering globally.
10) Do I have the right partner to calculate local consumer taxes?
9) How do I make sure I don’t sell to people on the government Denied Parties Lists (DPL)?
8) I’m collecting EURO and JPY and BRL currencies, what do I do with them now?
7) My fraud rules for U.S. shoppers will need to be adjusted for local patterns, how do I do that?
6) How am I going to get my product into a foreign country?
5) Which local payments methods really matter?
4) What are each countries unique ecommerce laws and regulations and how do I comply?
3) Do I need a local entity in place and people on the ground to transact locally?
2) Who do I need to hire to ensure I comply with local accounting regulations?
1) What am I going to do with all this money when I’m successfully selling to local consumers?
By asking the right questions, you can remove potential road blocks before they become barriers. Would you agree with this list? Feel free to add your thoughts in the comments field below.