What is Micro Export? How To Do It?
What is Micro Export? How To Do It?
With the pandemic, various restrictions have entered our lives as a precaution. These restrictions did not make physical shopping possible. Therefore, individuals have shown more inclination to buy products over the internet. In addition, overseas sales have become more profitable due to the exchange rate difference. Micro exports have also exploded with the increase in internet usage and the acceleration of internet sales. So what is micro-export? How to Do It?
What Is Micro Export?
We are in a period where overseas sales are more advantageous due to the exchange rate difference. Therefore, businesses are trying to take advantage of these advantages. Overseas sales, which allow the profit margin to increase significantly, are the target of small and medium-sized enterprises. Businesses can use many different methods for this goal. However, today's most preferred e-export model is expressed as micro export.
There are certain limitations in the e-export model, which is defined as micro export. These are limitations on amount and weight. The value of a product to be sold abroad cannot exceed 15.000 Euros. In addition, this figure does not include VAT and applies to sales made at one time. Another limitation concerns the weight of products that are planned to be sold. In this e-export model, the weight of the products does not exceed 300 kilos.
In this model, which is called micro export, products can be taken abroad with ECCD (Electronic Commerce Customs Declaration). ECCD offers opportunities in many ways. These include the fact that it is free, eliminating some documents necessary for foreign trade. It is also another opportunity to eliminate the need for customs brokerages.
Another issue to be considered when defining is B2C. In this business model, sales are made abroad with the Business to Consumer (B2C). B2C can be defined as the process of selling products and services directly between a business and consumers who are end users of its products or services. This business model is important to many retailers and offers many opportunities.
How Is It Connected With E-Export?
According to TIM (Turkish Exporters Assembly), e-export is defined as "trade carried out by selling products to individual customers abroad through online sales channels (website, electronic marketplaces, etc.)".
As can be understood from the figure, e-export is exactly in the middle between e-commerce, individual customer and micro export.
How is Micro Export Done?
In case of the occurrence of the above-mentioned conditions, what is needed is the companies that have the authority to issue ECCD. Companies such as PTT, DHL, UPS or TNT have this regulatory authority and with the service you will receive from these companies, transactions can be minimized in terms of both material and procedure. The point to be considered here is that you must deliver Turkish and English invoice copies of the product you sell abroad to the authorized cargo company.
In addition to the mentioned information, VAT refund has become easier with the ECCD inquiry number given to you in the ECCD system.
Buykanat is the only address for manufacturers who want to sell abroad as a new generation e-export platform. With the assurance of Buykanat, you can benefit from all other e-commerce models, especially micro export.