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Global Expansion Strategies: Definition, Elements, Benefits, and Examples

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If your company has gained traction in national markets, it’s high time you tap into international audiences. Expanding your business globally is one way to extend your reach outside your geographical base. It’s a way for your business to augment the company’s bottom line and multiply it a hundredfold. You need to execute a well-thought-out expansion strategy. Here’s everything you need to know on global expansion strategies and some examples to help you kickstart yours. 

What are global expansion strategies?

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A global expansion strategy is a comprehensive plan that outlines how a company intends to enter and establish a presence in international markets beyond its domestic borders. This strategy involves a series of steps and considerations. These are primarily aimed at maximizing growth opportunities while mitigating risks involved with entering new markets. 

It encompasses various aspects, such as market research, target market selection, market entry modes, localization, cultural adaptation, legal and regulatory compliance, and resource allocation. A well-executed expansion strategy can lead to increased market share, revenue growth, and enhanced brand recognition on a global scale.

Creating a global expansion strategy would require a formal business plan. It must state how the company will tap into international markets and outline its operations. Moreover, a global expansion business plan must state how the strategy will mitigate risks and enhance revenue growth. The global expansion business plan must also indicate clear budgets and timelines based on thorough research, goals, and skills. 

Key components of a global expansion strategy:

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Creating a business plan for your global expansion strategy involves regular meetings and brainstorming. It takes a few weeks to develop a robust global expansion plan. Experts will need time to research the targeted international market and audiences. Plus, your team must view the expansion from every angle to ensure you anticipate all risks involved. 

Here are some critical components of a global expansion strategy:

  • Market Research and Analysis: Thorough research is essential to identify potential markets that align with the company’s products, services, and business goals. Market research involves studying market size, growth trends, consumer preferences, competitive landscape, and regulatory frameworks.
  • Target Market Selection: Based on research findings, the company must prioritize and select target markets with the best growth prospects. Considerations may include market demand, competition, cultural fit, economic stability, and political environment.
  • Market Entry Modes: Companies can choose from several market entry strategies, such as exporting, licensing, franchising, joint ventures, acquisitions, and establishing wholly owned subsidiaries. The choice depends on factors like the company’s resources, risk tolerance, and the level of control desired.
  • Localization and Adaptation: Adapting products, services, marketing strategies, and business operations to local preferences and cultural nuances is crucial for success. This ensures that the company resonates with the target audience and doesn’t come across as foreign or out of touch.
  • Legal and Regulatory Compliance: Navigating international legal and regulatory requirements is essential to avoid legal pitfalls. This includes understanding trade laws, intellectual property protection, taxation, employment regulations, and industry-specific rules.
  • Resource Allocation: Adequate allocation of financial, human, and technological resources is necessary to support the expansion effort. Companies should consider budget constraints, staffing needs, and technology infrastructure.
  • Marketing and Promotion: Developing a global marketing strategy involves tailoring messages, branding, and promotional tactics to suit the cultural, linguistic, and behavioral differences of each target market. Effective global marketing may involve both centralized and localized approaches.
  • Supply Chain and Logistics: Efficient supply chain management is vital for delivering products and services to international markets on time and in the desired condition. Companies need to consider transportation, distribution, and inventory management.
  • Cultural and HR Considerations: Managing a diverse workforce across various countries requires understanding cultural differences, legal requirements, and local labor practices. Cultural sensitivity and effective communication are key.
  • Risk Management: Entering new markets carries inherent risks, including economic volatility, political instability, and changing regulatory environments. A comprehensive risk management strategy should be in place to address these challenges.

Global expansion strategy examples

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Expanding your business internationally offers many benefits. For one, the revenue growth opportunity will be unmatched as you tap into international customers. Also, your business won’t be at the mercy of a single market. You’ll also gain global brand recognition and reputation. Finally, you’ll have access to international talent with diversified skills and expertise, which can propel your brand for innovation. Try these examples for global expansion:

  • Exporting: This strategy involves selling products or services to foreign markets from the company’s home country. It’s often a first step in global expansion and requires minimal investment. An example would be a fashion brand in Italy exporting its clothing line to various countries through online platforms and distributors.
  • Licensing and Franchising: Licensing allows a company to grant another company (licensee) the right to use its intellectual property, technology, or brand in exchange for royalties. Franchising is a form of licensing that includes intellectual property, business models, and operational support. 
  • Joint Ventures and Partnerships: Collaborating with a local partner or company can provide expertise and local market knowledge, reducing risks associated with unfamiliar territories. For instance, General Motors formed a joint venture with a Chinese automaker to tap into the Chinese auto market. 
  • Direct Investment and Subsidiaries: Establishing a physical presence in a foreign market by setting up subsidiaries or acquiring existing local businesses. An example is Nestlé establishing subsidiaries in multiple countries to produce and distribute its products locally.
  • E-commerce and Online Platforms: Leveraging the internet and e-commerce platforms to reach global customers without the need for extensive physical infrastructure.
  • Strategic Alliances: Collaborating with other companies, often within the same industry, to share resources, knowledge, and market access. Airlines forming alliances (e.g., Star Alliance, Oneworld) to offer coordinated services and reach a broader network of destinations.
  • Greenfield Investments: Building new facilities and operations from scratch in foreign markets. This approach provides complete control but requires significant investment and time. For example, Toyota constructed manufacturing plants in various countries to produce vehicles for local markets.
  • Acquisitions and Mergers: Acquiring or merging with existing companies in foreign markets to quickly gain market share, customers, or capabilities. Take a leaf out of Facebook’s acquisition of WhatsApp to expand its messaging services and global user base.
  • Localization and Cultural Adaptation: Customizing products, services, and marketing strategies to cater to local preferences and cultural norms. The extensive beverage company Coca-Cola changed its advertising campaigns to resonate with local cultures and languages.

Conclusion

A successful global expansion strategy would need a careful assessment of the company’s current state, resources, and target markets. You need to identify and conduct thorough research of your existing industry in both national and international markets. Determining the risks involved is also crucial to mitigate them and reduce impact. Once you’ve tapped into international borders, your revenue could soar by thousands or millions!

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Omnichannel Marketing Platforms: Definition, Examples & Tools

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Omnichannel has become a recent buzzword online. That’s because the business landscape has shifted most of their marketing efforts into virtual communication. Advertisers are always looking for new ways to boost online connections with audiences while increasing sales. This is how “omnichannel” sprouted quickly and into every marketer’s arsenal. But what is omnichannel, and what are some omnichannel marketing platforms that do the job? Read on to find out. 

What is Omnichannel Marketing?

marketing strategy on paper

The concept of omnichannel is simple. It aims to provide marketers a quick way to communicate with their customers and get as much engagement and conversion as possible from one go. Their objective is for customers to enjoy a seamless shopping experience on multiple brand channels, including online, mobile, or in-store. This means, marketers would have to show customers the same pricing and promotions across all brand channels. 

However, it also goes beyond that. You have to ensure that customers can navigate through different channels with ease. This means customers can switch between your brand channels without any roadblocks. For instance, a customer can order from your online store and have the option to pick it up from your physical location. One way to increase sales is by offering customers additional items to boost order value. 

Why is Omnichannel Marketing Important? 

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Omnichannel marketing is crucial these days since most people have shifted to online browsing and shopping. Moreover, if advertisers market on three or more channels, this could result in a 90 percent higher retention rate compared to using a single-channel campaign. 

Additionally, omnichannel marketing also strengthens your brand messaging since campaigns are consistent across all platforms. But what are the primary reasons why advertisers focus on omnichannel marketing? 

  • Brands will get high customer retention 
  • Gains customer loyalty
  • More personalization in the customer’s journey
  • More integrated business
  • Better customer insight
  • Smooth and enjoyable customer experience

How Does Omnichannel Advertising Work?

google search on smartphone

An example of omnichannel marketing is when a sports retail store sends its prospects an email containing a recent promotion on its newly launched running shoes. The email content shows the link to the promotion. Once customers click this link, they are taken to the brand’s eCommerce website. Instructions also let them know they can get it from the brick-and-mortar store. 

Another example is when a furniture store shows a behind-the-scenes video on YouTube about how its experts craft their pieces. Once viewers watch the video, they are welcomed with a link inviting them to join the brand’s email newsletter.

10 Omnichannel Marketing Platforms

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Here are 10 best omnichannel marketing tools.

1. BigCommerce

This online and offline sales tool is for large-scale businesses looking to streamline their advertising strategies. BigCommerce unifies all marketing campaigns in an easy and convenient platform, including in-store, online, social media, and marketplaces. It can also handle large volumes of sales, traffic, and transactions, providing customers with a smooth experience. 

2. NewStore

NewStore is the tool for all your POS and inventory management systems. It can manage orders, inventory, and customer data across the brand’s channels. It also comes with robust marketing tools that offer personalized engagement, such as push notifications, mobile apps, and location-based marketing.

3. Glassix

If you’re looking for the best omnichannel marketing platforms for communication, Glassix sits at the top of the list. It’s an AI-powered advertising tool that helps with email, SMS, live chat, messaging apps, and social media. Using Glassix means tracking all customer interactions and messages in one user-friendly interface is easy. It also lets you send targeted messages to your audiences based on their preferences and behaviors.

4. Desku

In addition to integrating all customer communications in one interface, Desku also helps with automation functions, such as chatbots, canned responses, ticketing systems, and more. Plus, it offers reporting tools and analytics to monitor progress. 

5. Omnisend

Omnisend is the platform for all your SMS and email marketing campaigns. It’s best suited for eCommerce businesses and allows advertisers to create, monitor, and automate campaigns across all channels. It offers drag-and-drop features and is extremely easy to use. 

6. Tidio

When searching for the best omnichannel communication platform, Tidio ranks high. It’s designed to facilitate customer interactions, manage inquiries, and offer real-time support. 

7. Adobe Experience Cloud

You can’t succeed in omnichannel marketing without using a cloud-based service. And Adobe Experience Cloud ensures you get the right cloud-based solution for optimizing customer experiences. You can use this tool to build and manage customer journeys through AI-powered insights. You can also integrate this platform with other Adobe tools like Adobe Experience Manager, Adobe Target, Adobe Campaign, Adobe Analytics, and more. 

8. Revealbot

If you’re spending time on paid ads, Revealbot will help you manage them in one user-friendly interface. It’s a marketing tool that helps optimize digital advertising campaigns on Instagram, Facebook, TikTok, and Google Ads. You can use this tool to set automation features, campaign budgets, and custom ad rules. 

9. Shopify Plus

Shopify Plus if one of the best omnichannel marketing platforms for eCommerce businesses. It helps create a streamlined customer shopping experience. From workflows and checkouts to customer segmentation and targeted marketing campaigns, this is a reliable tool to use. 

10. Oracle CX Commerce

Oracle CX Commerce is the best solution for B2B and B2C businesses. It’s a cloud-based eCommerce platform that helps provide personalized experiences. It also offers advanced features that simplify segmentation, customized content, targeted promotions, and customer engagement. 

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10 Sustainable Outdoor Gear Brands

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If you frequent the outdoors, you know how important protecting your playground is. When you’re close to nature, you must always prioritize eco-consciousness. While you practice sustainable habits, supporting brands prioritizing sustainability becomes a top priority. If you’re always planning an outdoor adventure and need the gear, here are the top 10 sustainable outdoor gear brands you must check out. 

1. Patagonia

patagonia logo

Over the years, Patagonia has lined up its corporate social responsibilities, mainly focusing on labor and the environment. They have robust social responsibility programs that ensure workers and communities are cared for. Patagonia claims that 85 percent of its products are made in factories with Fair Trade Certified certifications. The brand also helped over 85,000 workers by participating in Fair Trade programs. The brand also helped more than 2,000 farmers from its Regenerative Organic Certified cotton program. 

2. Osprey

osprey logo

Osprey, a brand that creates robust backpacks for travel and outdoors, is also committed to sustainability. The company is a trusted bluesign SYSTEM partner, which helps eliminate PFAS-based DWR in 100 percent of its textile products. On top of its promise of eco-friendly materials, the standard for its backpacks is unparalleled, offering durability, functionality, and repairability. These products undergo field testing and athlete evaluations to ensure it’s a pack that runs a lifetime. 

3. Hydro Flask

hydro flask logo

Plastic bottles comprise one of the highest numbers of ocean pollutants. Hydro Flask is committed to minimizing this by introducing excellent insulated water bottles that last a lifetime! I bought one five years ago, and the insulation functionality still works like the very first day I got it. The brand boasts its recycled-content bottle, the Slingback Bottle Pack, with a 100 percent recycled polyester body. It also eliminated single-use plastic for its packaging, specifically for 90 percent of its products. Hydro Flask uses soy-based inks and no foils and varnishes for their products too!

4. Black Diamond

black diamond logo

Black Diamond is among the top brands for the best outdoor gear, specifically reliable and durable helmets. The company’s ethos is based on the team’s outdoor pursuits. First, the company’s 12,000-square-foot headquarters is energy-efficient, with a 2,200-watt solar photovoltaic system that generates about 3,000 kWh of electricity per year. Black Diamond also advocates for sustainable outdoor and recreation practices and is a founding member of the Outdoor Industry Association’s Climate Action Corps. 

5. Sierra Designs

sierra designs logo

Sierra Designs is also one of the best sustainable outdoor gear brands you can rely on. They aim to create products that have as minimal impact as possible on Mother Nature. The brand boasts the DriDown product, which ensures that feathers come from animals that weren’t subjected to any harm. The brand also uses neglected recycled materials for its fabric’s exteriors and insulation for apparel and sleeping bags. A lifetime warranty also backs all Sierra Designs products.

6. Hyperlite

hyperlite logo

Hyperlite is your go-to outdoor gear brand if you’re into climbing, hiking, or rock climbing. The company is committed to sustainability for as long as the brand is still in operation. They created the Hyperlite Mountain Gear ethos, essentialism, which differs from minimalism. The brand believes that an intentional and thoughtful approach to assembling its backpacks ensures its products are safe, comfortable, warm, and efficient. Hyperlite is a proud partner of Dyneema, a bio-based fiber company, and promises to use this fiber in all its outdoor gear products. 

7. MSR

msr logo

For all your climbing equipment, don’t miss out on MSR products. The founder, a lifelong mountaineer, believed that a safe and reliable equipment is key to greater adventures. Today, the brand is proud to hand-build many MSR products. The brand is also another founding members of the Outdoor Industry Association Sustainability Working Group. It’s a collaboration of over 300 outdoor brands, manufacturers, and suppliers that focus on sustainability challenges and solutions. 

8. Sunski

sunski logo

When you’re enjoying outdoor adventures, make sure you enjoy it in style with Sunski sustainable glasses. Sunski is a fantastic eyewear manufacturer in America that uses plastic scraps to turn into frames! A unique sunglass niche in the industry. The sunglasses are flexible, lightweight, and extremely durable. All Sunski customers will also get a lifetime warranty for their glasses. And if they break? Repair or replacement is free!

9. Cotopaxi

cotopaxi logo

Cotopaxi backpacks, travel packs, hip packs, and duffels are colorful and vibrant and made with eco-friendly materials. They embarked on the The (Re)Purpose™ Collection program, which uses recycled deadstock or leftover fabric from other fashion brands. They also offer a lifetime guarantee on repairs or replacements. As members of the Sustainable Apparel Coalition, they support Amazon’s reforestation. Cotopaxi believes that doing good will create a ripple effect, so they reward customers who #DoGood!

10. Goal Zero

goal zero

Here’s another eco-friendly outdoor gear brand for all your needs and more. To offer you the best outdoor camping experience, Goal Zero even sells power essentials, such as inverter generators, handheld portable power devices, solar panels, and battery banks. The company also aims to practice eco-conscious manufacturing methods by ensuring all 10+ factories in nine countries adhere to environmental and human rights standards. Its top sustainable camping gear is the Yeti Portable Power Station, with a four over five rating!

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10 Sustainable Activewear Brands

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Eco-consciousness and health and fitness must be the perfect tandem. If you prioritize your health and fitness, the same care should also concentrate on sustainability. While you’re focused on your fitness goals, the process shouldn’t be as destructive to the environment. Just like you want to nourish your body with the good stuff, you also want to protect Mother Nature like it’s your own body. After all, the outdoors offers so much to benefit your health in the long run. Hiking, camping, rock climbing, surfing, swimming, to name a few. That said, protecting your playground as much as possible is only fitting. And that starts with choosing the most sustainable activewear brands. Here are the top 10 sustainable brands for fun and play. 

1. Iron Roots

iron roots logo

While some activewear brands claim 80 percent sustainability, Iron Roots embarks on 100 percent sustainable products and processes. It’s plastic-free all-organic athletic apparel that will not only make you feel good but also make you feel better about wearing Mother Nature-friendly apparel. Founded in 2018 by Dutch friends, the founders combined functionality, design, and sustainability in beautiful sportswear. They were both fed up with how the market manufactures most apparel from unsustainable materials. The brand uses non-plastic materials and unique plastic-based apparel like polyester. It’s a breathable and comfortable activewear that will help you achieve your fitness goals!

2. Girlfriend Collective

girlfriend collective logo

Girlfriend Collective is a Seattle-based brand making waves in the sustainable activewear niche in 2024. They are famous for their sports bras, trendy gym tops, leggings, and more! But the best part is the teams behind this brand are tree huggers, prioritizing recycled materials for their apparel. From fabric scraps to water bottles and fishing nets, you know you’re working out and helping the brand’s mission. The brand also uses eco-friendly dyes to color its clothes while managing wastewater responsibly. They created the ReGirlfriend program to prevent textiles from being in landfills!

3. Patagonia

patagonia logo

Every outdoorsperson has heard of the famous brand Patagonia. The company has set a gold standard for sustainable apparel and manufacturing. Recently, the popular activewear brand has revamped its ownership structure to ensure it allocates a budget for environmental initiatives. The brand not only outsources sustainable materials and works with eco-conscious factories, but it is also transparent about it.

4. Groceries Apparel

groceries apparel logo

Groceries Apparel is another sustainable activewear brand that focuses on upcycled food waste without needing third-party people or factories. They manufacture their activewear themselves through non-toxic and locally sourced materials. Who would’ve thought another person’s food waste could be a gym rat’s workout clothes? They manufacture all their products in their Los Angeles factory, making them a 100 percent self-sufficient brand!

5. Move by Mate

move by mate logo

Move by Mate knows that conventional cotton, a material used by most apparel brands, is detrimental to the environment due to its pesticide use, heavy farming, and excessive water consumption. Move by Mate is also one of the sustainable activewear brands that uses organic cotton instead of traditional cotton, keeping the soil healthy. They claim that organic soil is also more breathable.

6. Wolven

wolven logo

If leggings are your workout go-to, then you must check out Wolven. It’s a brand that produces recycled sexy leggings for your exercise routines. Wolven is also deemed Lululemon’s competitor due to its elegant designs in multiple muted colors. Wolven leggings are made of 84 percent recycled PET or plastic bottles. The brand’s recycled materials are also Global Recycled Standard-certified. When you buy Wolven leggings, you’re guaranteed they are free of uncomfortable, harmful chemicals. 

7. Reformation

reformation logo

You can be sure this brand is one of the most mainstream activewear brands that doesn’t take eco-consciousness lightly. Reformation boasts multiple eco-friendly initiatives, and they will not stop anytime soon. For one, they have a RefRecycling program, encouraging customers to drop off their used Reformation products in exchange for store credits. Moreover, Reformation also partners with many eco-conscious organizations like Bluesign. They also have a FactoryForward to ensure their suppliers become the best at what they do. 

8. Gngr Bees

gngr bees logo

Founded in 2019, the owner, Natalia Grisard, was inspired to create Gngr Bees by her love for wildlife. She claims this brand is “driven by purpose and not by profit.” The brand’s apparel is made from discarded products. The company has reclaimed over 45,000 plastic bottles and over 4,000 kilograms of fishing nets. Gngr Bees also partners with Azizi Life and Beach Collective to plant mangroves and recycle ocean-bound plastic. 

9. The North Face

north face logo

The North Face has a long history of embracing eco-friendly products, initiatives, and commitments ever since. They are committed to prioritizing nature through science-based and actionable goal-setting. The North Face ensures all their materials are 100 percent recyclable and responsibly sourced. They created the North Face Renewed program that focuses on circularity by giving used gear a second life. This way, they are given a chance before users toss them into a landfill. 

10. Tentree

tentree logo

Tentree is a Vancouver-based brand that believes in the power of tree planting. Its name is embedded in its company vision to plant ten trees in exchange for every item purchased. The company centers its practices on environmentally friendly ways, which they call the “earth-first approach.” This focuses on safe and fair working conditions for all employees and prioritizes sustainable and recycled materials for their products. Some of these materials are Tencel lyocell, Repreve polyester, and more. They created the Climate+ Initiative, which lets customers prevent carbon emissions by buying a pack of trees. 

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