How Can Ten Data Help Businesses Generate Inquiries?

tendata blogTrade Data Provider

ten data blog27-11-2023

If you want to understand the import and export situation of a certain type of product in terms of quantity, amount, and other aspects, and develop clients for the import and export of that product, why not try Ten data customs data?

Customs databases are based on the real customs declaration records of products from various countries, and they provide real and effective data information obtained through statistical analysis by customs authorities. With this information, businesses can understand the real needs of potential customers, determine the scale of customer purchases, cooperation intentions, and help domestic import and export enterprises of a certain type of product find the most authentic foreign buyers or suppliers.

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How to obtain inquiries through Ten data's customs data query system?

1. Analyze the target market 

Through Ten data's customs data system, you can query the specific historical transaction records of a product, displaying detailed information such as the date of each transaction, the importing/exporting countries, the names of buyers/suppliers, product descriptions, quantities, amounts, and weights of each transaction. Import and export enterprises can use this information to understand which products have higher export volumes, explore new markets, and identify products with increasing demand and growing business opportunities.

2. Understand industry changes 

Through Ten data's customs data system, you can monitor changes in suppliers in the target market. The entry of new participants indicates an increased market demand, and in the face of competition, it is necessary to adjust marketing strategies promptly.

3. Know your competitors 

Through Ten data's customs data system, you can query the volume of goods supplied by peers and competitors in customs data. Combined with other information on the internet, analyze their business types, operating conditions, and production scales.

4. Explore peer customers 

Through Ten data's customs data system, you can use the names of peer companies to search for purchasing customers and see if any of your customers are also purchasing from them. Analyze the transaction records of competitors, understand customer purchasing patterns, analyze their purchasing frequency, and amounts. Recommend your products at the right time to increase the success rate of securing orders through self-recommendation.

5. Revitalize old customers 

Through Ten data's customs data system, when you find that the purchase volume of old customers has decreased or they are no longer purchasing, consider whether they have been taken by competitors. Look for new transaction records of customers and objectively analyze the reasons.

The information found in customs data can objectively help us obtain new inquiries from both old and new customers. Identify problems in your product, pricing, communication, and delivery processes and make targeted improvements and adjustments to regain customer recognition, renew orders, and cooperation.

People who know current affairs know that customs data plays a very important role in the import and export industry, such as determining the target market, looking for overseas quality customers, avoiding transaction risks and so on are inseparable from customs data.

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The following is a detailed description of these cases:

1. Determine The Target Market

When a company wants to sell its products abroad, accurate target market determination is key. The consequences of spending time and energy on developing a country where there is no need or very little demand for one's products can be serious. At this time, you can query the product through Tendata I-Discovery, analyze the import and export situation of the product in different regions of the world, and visually view the growth trend of import and export, so that you can know which countries in the world need the product the most, and then the target market can be basically determined. (>>Click to Get FREE DEMO)

2. Looking For Global Quality Buyers/Suppliers

Here to introduce you to a use of customs data to find foreign customers skills. Take the United States as an example: now use Tendata I-Discovery, in the query goods description at the same time, in the conditions of origin, enter CHINA, you can be exported to the United States of all the transaction records of the goods extracted. And then based on Tendata I-Discovery analysis report, the procurement volume of large U.S. companies extracted, which is a potential high-quality U.S. buyers.(>>Click to Get FREE DEMO)

3. Formulate Production Plan to Avoid Trade Risks

For a production enterprise, the development of its own production plan is related to the future trend of the enterprise for a period of time, Tendata I-Discovery allows you to see the real transaction records of each enterprise, as well as detailed information about the enterprise, to avoid the risk of being cheated in trade.(>>Click to Get FREE DEMO)

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