The Three Factors in Finding the Right Marketing Mix for Your International Business Expansion
Saturday, March 21st, 2009There are 3 factors in finding the right marketing mix for expanding your international business
It is possible to get international clients with strong internet marketing. It is even possible to develop your international business through internet marketing.
There is one condition though. You will need to find the right marketing mix to use your internet marketing in your foreign target markets.
You will not be able to rely on a simple website or simplified internet marketing strategy. This may work to some extent, and it may work in your domestic market.
If you are serious about developing your international business you will need to add a little bit more marketing skills to the mix.
Three Factors To Find The Right Marketing Mix
In order to develop your sales in your foreign markets a variety of marketing techniques come into play. Here are the different factors involved:
Different Internet Marketing Channels
Your foreign market may well use the internet differently than your domestic market. You will need to test that and identify the channels that work best for both of you.
If you have a variety of different communication channels you will be able to play on them, and incite your foreign readers to interact with you.
You will be able to compare results and get to know your foreign markets better.
Your internet marketing needs to be good. It also needs to be varied. The different means of communication using the internet include: emails, websites, ezines, podcasts, blogs, and forums.
Different Traditional Marketing Channels
Increases proximity
Increases trust
Like other clients, they need many marketing touches before buying
Offline marketing may be the only way to get international sales
Chances are internet marketing alone will not give you the best results. As soon as you have collected enough foreign market information from your internet marketing, you should invest in a little traditional marketing. The different channels of traditional communication include: direct mail, radio, television, magazines, flyers, posters, billboards and event marketing.
Various Cultural Marketing Skills
International communication – which begins the step of adapting your own communication for international audiences, and can include all aspects of international communication.
Multicultural communication – where your communication speaks effectively across a wide scope of cultures, used on your international website for example
Cross cultural communication – where you target your communication to one particular culture, for effective target marketing for example.
International sales involves cross cultural communication. For more international sales you will need to have effective international communication. This involves the following:
If you integrate good cultural marketing practices throughout your international internet marketing you will increase your international sales.
Integrated Marketing Strategy
All of these factors need to come into play at some stage of your international internet marketing.
The extra effort is well worth it. Not only will you increase your international sales potential, but you will also be able to create a powerful international lead generation tool.
Using different marketing channels will make it easy to create an integrated marketing platform in your target markets.
One of the main benefits of an integrated marketing platform is stimulating feedback.
The more feedback you can get from your foreign markets the more valuable foreign market knowledge you will have.
And the more foreign market knowledge you acquire, the better you will be able to market your products to your foreign markets.
Including an integrated marketing strategy makes sense for any international business development.
Finding The Right Marketing Mix
The success of your international marketing strategy relies on your finding the right marketing mix. You will need to tweak your marketing mix, stimulate foreign market feedback and re-adjust your marketing mix again, until you create real communication with your foreign markets.
The right marketing mix for your particular markets gives you the right communication tools to get international clients.
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