A definition
At its simplest, cross-border e-commerce is selling products or services through an e-commerce website to buyers overseas. You can be a traditional brick-and-mortar store or a purely online business — what matters is that you're reaching international customers in international markets.
The concept is straightforward. Tapping into new mindsets abroad is not. Tastes, cultures, competition and even attitudes to buying from foreigners vary by country, so plan carefully before diving in. That's the mistake some companies make — growing excited about the revenue potential of selling globally, then jumping in without a plan. It leads to expensive results, cumbersome processes and a lot of regrets. Google's Market Finder guide makes the same point.
What you'll need
A place to sell. Your own website, or a partnership with an online marketplace.
A way to get paid. Specifically, the ability to accept payments in foreign currency.
A way to get the order there. Once the order is placed you need to pick, pack and ship internationally.
The ability to accept international returns. Customers expect this to be as easy as domestic.
Compliance. Staying accurate on import and export fees, local regulations, and customs.
Before you start checking off that list, make sure you have potential international customers to sell to. Marketing plays a role, but so does meeting customer expectations: 91% of shoppers will abandon retail sites that don't offer fast or free shipping.
What global customers care about
Fast shipping time
Reasonable shipping rates
Accuracy of the order
Ease of returns
Why invest in cross-border commerce
Expand reach and revenue.
Capitalize on existing site traffic. They're already visiting your site and engaging with your marketing — why not sell to them?
Increase brand awareness. Domestic markets get saturated, with greater expense for attention. International markets can offer awareness at a more efficient cost.
Protect against competition. Build a wall around your market share by gaining a global foothold.