Export your way to success

Growing your business through export may just be what you need to increase your sales. However it isn’t just the case of “going for it”. Whilst many businesses get away developing their business locally without a marketing plan, it’s critical to get your business export ready by creating an international sales and marketing plan. Any SME can potentially increase sales, compete in diverse markets and reach a global audience providing they follow the right steps… Or it could end up costing you your business.

Remember just because your product is popular in England, it may not be everyone’s cup of tea!

Five points worth noting if you are serious about growing your business internationally:

1) Research, research, research is paramount to inform exporting decision
From assessing whether to export to scoping the marketing environment (i.e. what the market wants, who your customers are etc.) and understanding local legislations, there is a long list to tick before you can be satisfied you are ready to make the leap. Too many companies still make the mistake of skipping this step – it’s not because clients loves you product in the UK that they will in another market – and your overseas clients demographics may be quite different too.

2) Invest in a robust export strategy and sales and marketing plan

Whatever your business size, it is impossible to be everywhere so think strategically to invest wisely. Mapping out everything right from the shape of your products to how they are going to be distributed and marketed is essential to be successful in a foreign market.

3) Cross-cultural marketing isn’t optional

Do not get tempted in using the same old marketing communications approach or simply translating a marketing collateral into the local language. It simply doesn’t work. Whilst one market may consider the depth of features a product offers when making a purchase decision, another may focus on ease of use. And whilst the Brits are renown for successfully mixing humour with advertising, misplaced humour could get lost in translation! A multicultural approach, underpinned by a localised marketing plan, is essential if you are serious about making some inroads in your chosen market.

4) Forge strong links with your distribution network

Remote management of a market is a recipe for disaster. Visit your new market regularly to spot opportunities, manage changes and crucially build water-tight relationship with your chosen distribution network – whether you have appointed an agent or set up an office, those people are your bridge to the market. Make use of all the intelligence they hold. It’s amazing just by talking and asking questions what you will find out – allowing you possibly to spot new market opportunities. By advising one of my Turkish distributors once to take part in a new trade show, he was able to appoint three new dealers across the country – this decision resulted in a 60% turnover increase within six months. Poor distributors can also cause great damage to your brand, so it’s important to ensure they care about your success!

5) You don’t have to be a large company to be successful internationally

There many helping hands out there right from the UK Trade and Investment (UKTI) to local Chamber of Commerces, as well as international marketing agencies with multilingual staff such as Ohh la la to help SMEs work out their export strategies, identify opportunities and implement successful cross-cultural marketing plans. Best of all social networks can prove invaluable both in terms of engaging but also researching your market with tight budgets – though remember cross-cultural marketing approaches apply online too!

In the end this is about respecting people’s differences. Forget about one size fits all. It doesn’t.

Category: Cross Cultural Marketing, International Marketing, Marketing, Strategic Marketing | Tags: , , Comments Off on Export your way to success

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