Amongst the controversy of the 2014 budget, there have also been significant developments for businesses looking to develop their international presence.
Whether or not the economic climate has affected your business or you have remained relatively unscathed, it is time to look at your global market. Let 2014 be the most successful year ever for your business.
The Budget and International Growth
The recent budget has left businesses with plenty of possibilities to grow internationally. George Osborne announced that double credit will be available for overseas sales and tax allowances will also be doubled for investors in companies who are targeting international growth. If there has ever been a right time to venture out to a global audience; this is the time to do it!
There are various ways you can make the international market work for you and help your tech business prosper. Regardless of the government’s help, international business success is about understanding your market and being able to engage with your customers.
Do Your Research
When promoting your business overseas, it is vital to undertake research into your market so you know who to target and where to concentrate your efforts. No matter what product or service you are providing, there are some universal customer truths and customer behavior which is very region specific and could wrong-foot your marketing efforts.
By conducting some market research, you can find out your potential export market, including income, demographic, age and lifestyle. In doing so, you can develop a strategy which targets the right audience.
Research can also work with B2B market and the potential is there to partner up with similar companies who already have a good international presence.
Understanding the Culture
When targeting a specific market, it is important to understand more about their culture. In doing this, you will gain trust and respect. When you know the culture, you can present your message in the right way with the correct connotation. A failure to do this is one of the main reasons businesses fail to make an impact overseas.
Adopting Translation Services
Now, we may be biased, but we feel a beneficial way to promote your IT and Telecoms business overseas is to enlist the help of a professional translation services company rather than relying on freelancers or even worse, automated online tools!
We can help make your marketing much more successful, as we will be able to promote your brand, whilst taking the cultural differences into account via our in-country native-speakers.