Sales expansion to international markets is the real salvation for any business today your Export Business. The algorithm for expansion provides for the presence of a business model – the backbone of any business.
What should be considered when boosting an export business and which digital solutions can help here:
1. Identify and segment the target market
It is vital for business canada phone number data owners to understand who they are selling their products and services to and why consumers are buying them. This knowledge will help develop an effective marketing strategy and choose the right promotion channels.
But this is not enough for competent positioning of your product, especially if it is appealing to a wide range of consumers. For accurate targeting. You need to break down the market into separate segments and develop a strategy for each of them.
The target market can be segmented according to various characteristics: geography, import or distribution, number of employees, year of establishment, sales turnover,
has helped many companies
French SIFA Group, operating in the transport sector since 1951, set itself the goal of expanding its presence on the national and why this is important for anyone international markets. To this end, it invested in a digital prospecting tool to optimize its sales department.
According to SIFA Group’s marketing and communication director, has allowed the company to meet the challenges of the time adequately and to boost their export activity in new foreign markets.
Another success story is the one shared by DMG. An Italian company which has been operating in the elevator and lifting equipment industry since 1973. Decided to research the global market in order to attract new customers abroad.
2. Evaluate market potential
The digital ecosystem helps companies developing export activities on the stage of their initial orientation in foreign markets. The digital solutions allow companies to generate lists of potential markets, ranked according to various parameters and criteria.
If a company needs to study foreign markets in more detail, to determine the potential for exporting products, it is recommended to apply for a detailed market ranking report. The experts will conduct research directly on the target products of the company and evaluate its prospects on specific foreign markets.
3. Compete by creating a quality product
How do you create a quality product and at the same phone number iran time reduce the costs associated with winning new markets? One effective way is to choose the right suppliers creating your products and build an optimal supply chain.