Every businessman dreams to build an empire and by building it means hard work, expertise, strategy and worldwide operation. Products and services that are presented professionally and accordingly will greatly contribute to the business’ growth. Companies / businesses should always target being global. In order for it to be possible, businesses should take careful consideration on a lot of things.
1. Consideration of the target market
Target market varies greatly, whether by culture, age, religion, government and etc… Given that fact, marketing approach should also vary respective to the market to be targeted.
2. Flexibility of the Organization
Once the organization’s structure has been set, rotation of people would be beneficial for them to experience the weight of responsibility per area, people who have no idea what’s going on in the marketplace won’t be able to work efficiently. The flexibility of the structure will be the key to success.
3. Fast and easy transactions and operations
Market capability, literacy and time also vary so a fast and easy transaction will surely fit in to the category of any market to be targeted. Remember, the best to do it is always the easiest way.
4. Diversification of products and services being offered
Business should not limit their products and services to one area, diversity of a product set and being willing to let that product / service set grow within the markets in a way that it should reflect even there is cultural and economic drivers. One perfect example is the Visa, they offered both credit and debit as a way of their product / service diversification.
5. Perfect marketing medium
You would need a marketing medium that would eliminate the language, economic, distance, cost and efficiency barriers to be able to operate globally. In this case, you would need a professionally designed website that will be built from the ground up considering the target market. A clear and professional view of your company’s identity and offerings. Fast and easy interface that will surely be used by anyone without any difficulties.
To be successful globally depends more on the development side of building the products as compared to actually serving the market from a customer point of view because every product / service will always have its own market. Most importantly is how to find your market and how easily your market will find you. – ADL