And I think people forget especially for online selling how thin the margins are. If you are factoring in selling internationally then it really isn't going to be worth the hassle in many cases.
I have a couple of EU suppliers that I haven't had to use this year yet but I imagine when I look into it then it may well not be worth it as no doubt they will have to increase prices.
This week I've chatted to a couple of small business owners in my little corner of France. One is British and his business consisted of reselling goods imported from the UK: he has chosen to shut up shop and retire early. The other is a French-owned business manufacturing and selling very specific spare parts. He's decided to stop shipping to the UK and concentrate on his key markets of Germany and Italy.
But, you know, sunlit uplands and all that.
Exactly. If I have a product or service, and my costs rise 10%, what happens if I pass those onto the customer, if my competitors don't have that 10% cost.
My sales don't fall 10%, they completely dry up.