8 Steps To Scale Your Amazon Brand to International Markets

By Norman Farrar

So, your little business has been doing well for a while now, and you think it’s time to take it outside the borders of your native country? The world has become a global village, and new technologies enable you to market your products or services across multiple nations and time zones.

However, this exciting and efficient strategy comes with a slew of obstacles and problems you should be aware of before embarking on your once-in-a-lifetime entrepreneurial adventure.

Before we get into the knowledge and abilities needed to compete in the worldwide arena, it’s crucial to note that while solid, high-quality products or services are essential, they’re not enough to ensure your success.

To expand your business globally without making rookie mistakes, follow and practice these basic steps suggested by our guests Jana Krekic and Tom Meek, who are top experts in scaling businesses globally.

8 Steps To Scale Your Amazon Brand to International Markets

8 Steps to Scale Your Amazon FBA Start-Up Internationally

So, your little business has been doing well for a while now, and you think it’s time to take it outside the borders of your native country? The world has become a global village, and new technologies enable you to market your products or services across multiple nations and time zones.

However, this exciting and efficient strategy comes with a slew of obstacles and problems you should be aware of before embarking on your once-in-a-lifetime entrepreneurial adventure.

Before we get into the knowledge and abilities needed to compete in the worldwide arena, it’s crucial to note that while solid, high-quality products or services are essential, they’re not enough to ensure your success.

To expand your business globally without making rookie mistakes, follow and practice these basic steps suggested by our guests Jana Krekic and Tom Meek, who are top experts in scaling businesses globally.

Look Into Your Target Market & Customer Base

target research

The first stage is to perform an extensive study of the market you intend to enter and establish some key facts that will assist you in deciding whether you should proceed.

Some of the questions you’ll have to think about are:
What is the total number of potential customers?
Who are your main competitors?
Is your current company model still applicable?
What methods will you use to provide local customer service?

Aside from these purely technical considerations, it’s also critical to have a thorough understanding of the local market you’re interested in, including its norms, customs, and cultural peculiarities. Make sure you’re aware of the applicable laws and regulations.

Also, because politics and the overall business environment of the location you wish to expand to can impact the growth of your firm, it’s a good idea to engage a consultant familiar with the region to assist you in making informed business decisions and avoiding educated assumptions.

To avoid a bite-off-more-than-you-can-chew scenario, it’s also critical to evaluate the cost-effectiveness of all the efforts and resources you’ll have to invest.

Here’s a pro tip from our expert guest Jana: “Germany is a marketplace that will most likely blow up owing to the Brexit scenario, so if you’re looking towards expanding to Europe, do look at Germany.”

Know How to Manage Your Money & Financials

manage financial

Financial literacy is a problem for many business owners.

When we consider that 82 percent of small businesses fail due to inadequate cash flow management, it’s evident how harmful financial ignorance can be. Moreover, when dealing with foreign transactions, things become considerably more complicated.

As a result, mastering the fundamentals of financial management and typical trade finance instruments will help you avoid various financial problems. In addition, hiring a seasoned accountant who specializes in overseas transactions and marketplaces is also a smart option.

Other common issues include obtaining funding for international initiatives, ensuring timely payment and incurring additional operations expenditures abroad. Therefore, take these factors into account before deciding to go worldwide.

Financial decisions in large markets are usually clear-cut when scaling internationally. Especially if the countries in question have a significant time difference. On the other hand, smaller markets are often complicated, and financial issues may play a more substantial role.

The following are essential things to think about right away:
How much does it cost to set up and run a business in a specific territory?
How harsh are the costs of shutting down if it fails
How high are the taxes?

“When it comes to taxes, a slight change in terminology scares most international businesses away. For example, if you’re looking to expand to Europe and come across the term “VAT” instead of sales tax, your VA will immediately skip that marketplace. However, even though terminologies change, the basics essentially remain the same. Thus, doing a little study would give you an advantage over others,” says Tom.

Adapt Your Marketing Strategy to Your Target Market

adapt marketing strategy

Whether you believe it or not, Google isn’t the most popular search engine in every country. Facebook, Snapchat, and other social media and instant messaging behemoths are in the same boat. So, if you want to get your SEO and marketing correct, you’ll need to reach out to your international audiences using their native communication methods.

If you want to target Chinese viewers, for example, you should be aware that Baidu has 65 percent of the search engine market share in the country.

In the same way, you should localize your material. For example, although you can translate certain blog posts, it’s much better to have a marketing team of people from the region you’re targeting or those familiar with the cultural, linguistic, and procedural subtleties unique to that location.

It’s also worth mentioning that not all themes and keywords are appropriate for all countries and regions of the world, so make sure your local marketing and SEO plan is built from the ground up.

Make Personal Connections

personal connections

Once you’ve decided on a foreign market to expand into, go there and begin developing personal relationships with your overseas partners and associates. True, contemporary technology allows you to hold meetings, recruit people and sell online, but face-to-face contact is still necessary if you want to run a successful business.

It’s impossible to learn about a country without visiting it and having firsthand experiences. Share photos of your visit and interactions with locals on your social media accounts as social proof that your firm cares about its customers and employees in the area.

Thorough research and early conversations with trusted local partners to assess the advantages and disadvantages of doing business in that area will prepare you well for when the time comes to open your doors.

You can speed up your understanding of tax, legal, and regulatory compliance and early consumer traction and distribution by forming relationships with people who have local market expertise. And it can all begin at home.

Increase Your Efforts for Scalable Growth

Start tracking your results and scaling your efforts after you’ve started your firm in a specific location. Then, after some time has passed, it may be necessary to open a local branch to handle the business.

Another stage would be to localize and optimize your brand experience to meet the needs of your target audience. However, don’t rush things; doing so will just empty your bank account and put undue stress on your company.

So, take it one step at a time and keep your growth under control.

Find the Right Location & Office to Match Your Brand

office location

When deciding which destination to expand to first, the time difference is a major consideration.

Europe is appealing for obvious reasons, but the US (particularly the East Coast) is another excellent option for UK start-ups looking for a location with no language barrier – and the time difference is manageable. It’s five hours in New York, which is a significant extension of business hours.

Finding the best contextual fit for your brand is another factor to consider when choosing the correct location. The location and products you want to offer customers should have a natural synergy.

Develop Your Team on the Ground

There is no one-size-fits-all approach to international expansion; Google, for example, dispatched small teams from its headquarters to new regions with the task of hiring and growing a local team.

On the other hand, Uber used the same model worldwide: a local GM, social media marketer, and driver operations manager, with additional resources added as needed.

Whatever method you use, make sure to thoroughly research potential business partners and meet with them in person to ensure that they will support your expansion needs while also providing a positive employee experience.

Training partners to understand your product inside and out is a crucial step in expanding your business, and it will reflect your company’s culture and philosophy all over the world.

Learn the Language & Customs of the Country You're Scaling Into

There are differences in how markets operate around the world, whether in the United States or Asia.

That’s why, before launching a new tech idea, it’s critical to spend time learning about local buying habits. The last thing you want to look like is an outsider who doesn’t understand foreign market demands, local customs, or regional lifestyles.

This entails creating policies, procedures and playbooks that adhere to local regulations while aligning with corporate policies.

Remember that even expanding to the UK may present some language challenges — you’d be surprised how much colloquialism affects your customer service approach, for example.

“Localization is more important than translation while selling on international marketplaces. You must do proper keyword research and not simply translate your text to the native language and expect to succeed. You can easily get lost in translation and confuse your potential customers if you just stick to your original text,” says Jana.

Expand the Customer Base of Your Amazon FBA Business Through Scalable Growth in International Markets

Suppose you have a choice between two markets of similar size, in similar geographies, and both are equally straightforward to reach. In that case, the factors mentioned above will usually determine which market you expand to first.

Global expansion necessitates thorough investigation and patience, and it is not without its difficulties. However, you can address such obstacles and pave your path to success with careful planning and coordination with the right people in your desired international market(s).

If you’re serious about exploring international markets, develop a strong mindset and just get started with these steps from our expert guests.

About The Author

Norm-farrar-amazon-fba-ecommerce-podcast

Norman Farrar Entrepreneur and businessman Norman “The Beard Guy” Farrar stands at the forefront of the economic mega-machine known as Amazon Marketplace. As a leading expert with over 25 years of product sourcing, development, and branding expertise, Norm is an advisor to many and an inspiration to all.

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