In the current digital environment, businesses that fail to embrace the potential of a global market can’t maintain a strong presence. Indeed, you are likely to come across international clients, partners or even employees as you improve your online presence. There is a huge potential for growth if you choose to move outside of the national borders. However, going global doesn’t happen overnight. It requires strategic planning to ensure that you can establish the best possible routes for international investments, resources and commerce. Nevertheless, developing an international presence used to be synonymous with traveling and spending a lot of time away from home. When you’re an entrepreneur, life is stressful enough: You need to recharge your batteries with the people you care about; working abroad might make it more difficult to keep your cool. However, you can now create a professional and functional global network without leaving your HQ. Here’s how to make it work.
You don’t have to travel: Money can
Traveling from a country to another is not only time-demanding, but it’s also costly. But you don’t need to jump on the next plane to expand your professional influence. You can approach the international markets in a matter of a few clicks from your laptop. Indeed, by investing in global markets, you can get not only to understand the local specificities of each location, but you can also come across the main players on each market. As you begin to accumulate stocks and shares, you can start building your global presence where it matters. Firstly, you gain direct insights into local companies and audiences. Secondly, the investment portfolio can serve as capital funding for your sister company abroad.
The best talents are everywhere
You don’t need to create a network of offices around the world. But you can’t grow without accessing the best local expertise. That’s precisely why outsourcing abroad can dramatically transform your company, without breaking the bank. Additionally, expert roles can be secured with international talents within a remote team. Beware, though; if you’re used to working with your team within the same office, it can be tricky to manage a remote unit. However, you can rely on digital communication and tools to create a common culture and facilitate cooperation. Remote teams also prove to be more cost-effective, as you can choose to pay the local wages for each employee.
Open your delivery territories
International clients equal international deliveries. Cross-border eCommerce accounts for around 20% of global online trade, so it’s essential to create a logistically sound solution to be a part of it. Start by evaluating international regulations, as you may not be able to send every item to any country. Similarly, your global shipping price needs to account for duties and taxes between countries. Customers made to pay extra to get their item delivered after the purchase will not be satisfied with your services, for instance. It is essential for international retailers to implement an address check system for addresses abroad. In the south of Ireland, for example, most towns don’t have a zip code, while UK cities have street-based zip codes. You need to be able to validate addresses to save costs and time.
Using modern technology, it’s in the power of every company to expand beyond national borders. From gathering international capital to finding the best talents, you can go abroad from your laptop!