The Art of Following Up: 7 Templates That Work
Export credit insurance is your safety net. Premiums are 0.2-0.5% of export value, covering 80-90% of bad debt. For new markets and clients, this small investment lets you sleep at night.
Currency fluctuation impacts your margin. An order from quote to payment can take 2-3 months. A 5% rate move can eliminate your profit. Hedge with forward contracts or include fluctuation clauses.
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