Leveraging International Business & Global Expansion

Aravind By  June 6, 2021

Hello everyone!

Today, we’re going to talk about something super exciting for businesses: taking your business beyond India’s borders. Imagine your products or services reaching customers in other countries – that’s what International Business and Global Expansion are all about!

What is Global Expansion? Why should you care?

Simply put, it means selling what you make or offer in other countries. Think of it like a successful restaurant in Chennai opening a new branch in Dubai. Why do they do it?

  • More Customers: The world is a big place! More countries mean more people who might buy from you.
  • New Ideas: You learn new ways of doing business and new trends from other markets.
  • Less Risk: If one market slows down, you have other markets to rely on.
  • Stronger Brand: Being known globally makes your brand more powerful and respected.

We’ve helped many businesses from Tamil Nadu achieve this, and we’re here to share simple, practical steps.

Simple Steps to Go Global – Our Tamil Nadu Experience

It might sound big, but we can break it down easily. Here’s how we helped businesses like yours:

1. Do Your Homework (Research):

  • Before selling, understand the new country. What do people there like? What do they need?
  • Example from Tamil Nadu: We worked with “Kovai Textiles,” a successful saree business in Coimbatore. They wanted to sell in Malaysia. First, we helped them research – what types of sarees do Malaysians like? What colors? What prices? This helped them choose the right products.

2. Pick Your Path (Strategy):

  • How will you sell there?
    1. Exporting: Send your goods directly from India.
    2. Partnership: Team up with a local company there.
    3. Open Your Own Office: Set up a branch there.
  • Example from Tamil Nadu: “Madurai Pumps,” a pump manufacturer, wanted to enter the African market. We advised them to find a trusted local distributor in Nigeria. This way, they didn’t have to set up everything from scratch and could use the local distributor’s network.

3. Make it Fit (Adaptation):

  • Sometimes, your product needs small changes for a new country.
  • Example from Tamil Nadu: “Chennai Snacks,” a popular local food brand, wanted to export its spicy mixes to Europe. We helped them understand that European tastes might be less spicy. So, they created a slightly milder version of their famous “Murukku” and changed the packaging to include English descriptions and allergy warnings.

4. Build a Good Team (Local Talent):

  • It’s super helpful to have people from that country on your team. They understand the local ways.
  • Example from Tamil Nadu: A small IT company from Tirunelveli, “Nellai Tech Solutions,” expanded their software services to Singapore. They hired a few local sales and support staff in Singapore. These local team members helped them connect better with Singaporean businesses and understand their specific needs.

5. Understand the Rules (Legal & Financial):

  • Every country has its own rules for business and money. Get good advice.
  • Example from Tamil Nadu: “Erode Exporters,” a garment company, started exporting to the USA. We connected them with experts who helped them understand customs duties, shipping rules, and how to handle payments in US dollars. This prevented many costly mistakes.

6. Tell Your Story (Marketing):

  • How will people know about your amazing product?
  • Example from Tamil Nadu: “Salem Furniture Mart,” known for its traditional wooden furniture, wanted to sell to the Indian community in the Middle East. We helped them run online ads on social media platforms that specifically targeted people from India living in Dubai, showing them familiar furniture styles.

Tamil Nadu Success Stories:

  • Sakthi Masala: A household name from Tamil Nadu, they’ve successfully expanded their spice and food products to many countries, adapting to local preferences where needed.
  • Aravind Eye Care System, Madurai: This non-profit hospital has become a global model for affordable eye care, inspiring similar models in other countries, proving that even services can expand globally.

Wrapping Up:

Taking your business global might seem like a huge step, but with careful planning and the right support, it’s totally possible. It opens up new doors, brings in more money, and makes your brand shine brighter. We’ve seen firsthand how businesses from our own Tamil Nadu have grown by looking beyond our borders.

If you’re thinking about growing your business internationally, remember these steps. It’s an exciting journey!

Ready to make your mark on the world?

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