If you are running a business and mostly selling locally, how do you go global. How do you expand your business internationally? Well, there are several ways to conduct business in the international space. Some of the common practices are exporting local products to foreign market, selling your business franchises, opening subsidiary or branches in the foreign land, etc. Each of these methods has its own process. For instance, if you want to export, you need export licence from your government., and contact another company in the foreign land that wants to buy form you. One of the easiest ways to expand your business internationally is by selling franchises,
How to Expand Your Business Internationally
- Thread starter Mika
- Start date
For a local business to get global audience they have to reposition their brand to serve the global market, it is also important to understand your industry and figure out if it can sell abroad, you have to take over the market in front of you before you start thinking about disrupting the international market.
So, first of all you'll have to build a solid business with good profits margin locally and great potential and then start looking for investors I think LinkedIn is best for this, show them you're capable and how you plan to deploy the capital to reach your goals and you'll get a chance.
So, first of all you'll have to build a solid business with good profits margin locally and great potential and then start looking for investors I think LinkedIn is best for this, show them you're capable and how you plan to deploy the capital to reach your goals and you'll get a chance.