About the 2020 Local Business Voice Search Study

[sharminakter]

Many large U.S. companies report that nearly two-thirds or more of their total sales come from outside the United States. These include Intel, Mondelez, ExxonMobil, Apple and GE.

So, a quick assessment of the global market shows that there could be opportunities for some deals worldwide in the coming years. The question is: how do you choose the country you will expand to on your own?

Key steps in market research
Evaluating a foreign market can be done step by step, taking into account everything from local competitors to cultural barriers to consumer behavior.

Before you even begin to explore a potential new market, you need to understand where your product fits in the market you already have . Ask yourself: Does your offering truly meet a strong consumer poland telegram data demand in your home market, and what lessons can you learn from it to enter another market where buying behaviors are different?

If you're not seeing growth in your current region, expanding elsewhere may not be the answer, as it could indicate that your solution is not aligned with your customers' needs.

Take the time to refine your product, understand your customers, and refine your marketing message in your country before following these steps and preparing for a completely new market.

Step 1. Choose a specific country to study
Market assessment should prevent you from expanding into any other region you are not already active in, just for the sake of it.