How we broke into the overseas market
Overview:
Having spent nearly 12 years in the plastics industry supplying
colourant and additive mixes I was becoming frustrated with the
lack of innovation. I could see high value products were desired,
but no one could meet this demand.
Addmaster was set up to reverse the market
dynamics, and by choosing suitable toll manufacturers for each job,
we were able to sell our products at cost effective prices. We
became successful in the UK, but we wanted to take our products
further, into the overseas market.
The Challenge:
Our challenge was how to adapt the UK success to a wider
audience. We had already secured business in other countries but
that was due to their perseverance in finding us. It was common for
clients to say, "I'm so pleased I found you, I've really been
struggling to source XYZ", so we knew the business model could be
expanded.
We also wanted our Biomaster silver antimicrobial product to
reach the wider market, because it had been so successful in the
UK: being featured on the BBC news as a major breakthrough.
Our main challenge was how to make the right contacts in various
countries, and then to convince them that our product was something
they needed.
The Solution:
Our plan was to target the distributors we wanted, who were
well-known in their own market and understood the value of new
innovative products. Our sales director, David Wells, used contacts
he had accumulated over 20 years, allowing us to find trustworthy,
successful businesses. David was also fluent in five languages,
which undoubtedly aided our success in the overseas market.
We also promoted the fact that our products were made by the
very best manufacturers in the UK, because a 'Made in Britain' tag
still carries kudos.
Key Lesson:
Firstly, you must have a USP to enter a market. For a lot of
people this is price, but that only increases local competition and
provides no return for investment.
You also need to understand why people buy your product, and
communicate this to potential customers. Communication skills are
key, and we found having an English, Spanish and Portuguese website
in South America very helpful.
Be proud of your products and confident in their ability. To
deal with customers farther away you need to communicate louder
that you are people to deal with, as its human nature to feel local
is best
Never try and set up a distributor without visiting the country
yourself: you need to get a feel for the market and its subtle
differences to the country you live in.
Top Tip:
Make sure your staff have the skills to take your country
abroad. Having David speak his languages gives customers the
reassurance that you care about their country and needs.
Smarta Business Builder
To help you on your business journey, we've created Smarta Business Builder, the complete online
tools package for growing your business. Website
Builder, Business
Plans, Accounting
Software, Legal
Documents and Email - all in one place
- from just £20 per month with no contract! Try it out today.