Internet revolution is upon us and it has revolutionized many different fields. With major players moving their business to the cloud, internet has been at the forefront of business innovation these days. The latest addition is the goods and service industry. Online services trading is becoming more and more popular with each passing day.
You must have heard about the term goods trading but service trading has also started these days. Trading services refers to the sale and delivery of elusive products between a producer and consumer. There is no restriction of different geographical locations and different economies when it comes to online service trading.
There are four main modes according to general trade in service agreement
1. Cross border trade
2. Consumption abroad
3. Commercial presence
4. Presence of natives in the team
Cross Border Trade
This aspect covers the trading of services from one country to another through both offline and online channels. Service provider does not need to be present in the territory of the client thanks to online service trading. Companies can provide services to customers from different parts of the world.
Consumption Abroad
Demand of the service abroad is crucial aspect of this mode. It covers the demand and supply of these services. Service provider should not have to be presented in the same country to know about the communications abroad. He can easily get statistics about the demand of the service in a particular country.
Commercial Presence
The service provider needs to be present in the same territory according to this mode. The presence of the service provider in the same country does matter because it helps the consumer to come directly to their offices and do face to face communication This gives you a better opportunity to know the environment of a country better and tailor your services accordingly.
Presence of Native Experts
To stay one-step ahead of the competitions and offer better services to clients, hire native experts. They will give you some insights that others can never give you. They know the people better than you do. Listen to the advice of native experts and you will feel the difference in popularity of your services in the country. You can establish a service industry with the help of native experts.
You must have heard about the term goods trading but service trading has also started these days. Trading services refers to the sale and delivery of elusive products between a producer and consumer. There is no restriction of different geographical locations and different economies when it comes to online service trading.
There are four main modes according to general trade in service agreement
1. Cross border trade
2. Consumption abroad
3. Commercial presence
4. Presence of natives in the team
Cross Border Trade
This aspect covers the trading of services from one country to another through both offline and online channels. Service provider does not need to be present in the territory of the client thanks to online service trading. Companies can provide services to customers from different parts of the world.
Consumption Abroad
Demand of the service abroad is crucial aspect of this mode. It covers the demand and supply of these services. Service provider should not have to be presented in the same country to know about the communications abroad. He can easily get statistics about the demand of the service in a particular country.
Commercial Presence
The service provider needs to be present in the same territory according to this mode. The presence of the service provider in the same country does matter because it helps the consumer to come directly to their offices and do face to face communication This gives you a better opportunity to know the environment of a country better and tailor your services accordingly.
Presence of Native Experts
To stay one-step ahead of the competitions and offer better services to clients, hire native experts. They will give you some insights that others can never give you. They know the people better than you do. Listen to the advice of native experts and you will feel the difference in popularity of your services in the country. You can establish a service industry with the help of native experts.