Moving into new markets can provide fantastic returns. In the current economic situation and more than ever before, a UK business - small or big - must look abroad for a large part of the growth it seeks. Encouragingly, that growth is there to be seized. We have all heard about the ...
Many businesses use a ten-step approach to help them expand into new markets overseas. Without further ado, let’s dive into each stage. Step one: create a game plan Before you do anything else, write an overview of all the things you need to do to take your business global. This wi...
This will let you narrow in on one topic at a time, as opposed to tackling something abstract like, “What is wrong within my company?” Opportunities: Think about your business in terms of growth. Consider different ways to expand and tap into new spaces, like running seasonal events, ...
Much of this can be attributed to successful overseas expansion. Most retail expansion has been in Asia and Costa Rica. This makes sense, given rising consumer demand in Asia and a lack of mature retail chains. But Walmart's initial efforts to expand in Japan and South Korea ran into ...
Introducing your business to a new market may seem intimidating, but it is becoming increasingly common today. With the rise of e-commerce shopping platforms, it’s in fact easier than ever for businesses to expand and engage with a global audience and build their brand overse...
The most advanced option is to build a website designed to appeal to specific overseas customers. This can include investing in a local domain name. The products and strategies that work in the US may not necessarily work in other countries, so a targeted website gives you full flexibility ...
If you’re an SME based in Singapore selling mooncakes and wish to expand your brand overseas and increase market share, consider marketing and shipping to other countries within the Asia-Pacific region. This article will serve as a handy checklist for everything you need to know before preparin...
Thanks to popular e-commerce marketplaces like Shopee and Lazada, sellers can offer a wide range of products to an otherwise untapped consumer base. These e-commerce platforms also allow sellers to reach overseas buyers thereby enabling local SMEs to expand their business reach beyond local shores...
This intrinsic stage can make or break the future of your new clothing line before it has made it to production. Creating a buzz before, during and after launch is key to enticing customers with a new and exciting product. Plus, listening to consumers throughout this stage also helps ...
16 . Outsource essential functions early 17 . Learn how to hire and pay employees 18 . Find a business location 19 . Market your business and launch a website 20 . Explore business partnerships 21 . Drive customers to your business 22 . Don’t be afraid to ask questions1...