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October 20, 2012 11:00 pm GMT
Editors note: Steli Efti is the Co-Founder/Chief Hustler of ElasticSales and an advisor to several startups and entrepreneurs. You can follow Steli on Twitter here. Selling to the U.S. market can be a significant milestone in the life of an international technology startup. The U.S. is the largest market in the world, and a successful foothold here can mean dramatic growth as well as further credibility of your company. But selling to U.S. businesses can be difficult especially if youre based overseas. Having successfully introduced international technology companies to the U.S. market, weve learned several lessons, listed below, to help companies abroad sell in the U.S. Find markets that are not yet saturated by your competitors. U.S. competitors will have a geographic advantage, so pick an industry vertical, or regional market, where you can introduce your product and gain rapid traction. Identify Early Market Signals. Track early signals that the U.S. market is even interested in your product or service. Do you have signups on your website or requests for information from U.S. customers already? Set up a U.S. page where customers can sign up to be on a waiting list and run a basic online marketing campaign to promote it. If you see interest in your product or service from the U.S. market, you know theres an opportunity to push further into the market. Experiment with pricing, but dont get caught up in a price war. International companies often differentiate themselves from U.S. competitors by offering similar technology at a lower price. However, cheaper doesnt always compute as better; many customers associate a lower price point with lower quality. So rather than racing your competitor to the lowest possible price point, pitch your product as providing a superior solution at a price that can actually support the growth of your company. Get introductions from your existing clients. Many of your customers may already operate in the U.S. and have industry contacts that could also benefit from your product or service. Ask them for introductions to new customers. Tell them youre entering a new market, and as a long term or successful client, youd appreciate a connection with any industry contacts that would also benefit from your solution. Asking your existing customers is an easy way to find early adopters in new markets, but a tactic that many businesses simply fail to do. Leverage the brand of a notable customer.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ik0Mg0layYE/
How to Make It in America 7 Tips To Help Your Startup Enter The U.S. Market
Editors note: Steli Efti is the Co-Founder/Chief Hustler of ElasticSales and an advisor to several startups and entrepreneurs. You can follow Steli on Twitter here. Selling to the U.S. market can be a significant milestone in the life of an international technology startup. The U.S. is the largest market in the world, and a successful foothold here can mean dramatic growth as well as further credibility of your company. But selling to U.S. businesses can be difficult especially if youre based overseas. Having successfully introduced international technology companies to the U.S. market, weve learned several lessons, listed below, to help companies abroad sell in the U.S. Find markets that are not yet saturated by your competitors. U.S. competitors will have a geographic advantage, so pick an industry vertical, or regional market, where you can introduce your product and gain rapid traction. Identify Early Market Signals. Track early signals that the U.S. market is even interested in your product or service. Do you have signups on your website or requests for information from U.S. customers already? Set up a U.S. page where customers can sign up to be on a waiting list and run a basic online marketing campaign to promote it. If you see interest in your product or service from the U.S. market, you know theres an opportunity to push further into the market. Experiment with pricing, but dont get caught up in a price war. International companies often differentiate themselves from U.S. competitors by offering similar technology at a lower price. However, cheaper doesnt always compute as better; many customers associate a lower price point with lower quality. So rather than racing your competitor to the lowest possible price point, pitch your product as providing a superior solution at a price that can actually support the growth of your company. Get introductions from your existing clients. Many of your customers may already operate in the U.S. and have industry contacts that could also benefit from your product or service. Ask them for introductions to new customers. Tell them youre entering a new market, and as a long term or successful client, youd appreciate a connection with any industry contacts that would also benefit from your solution. Asking your existing customers is an easy way to find early adopters in new markets, but a tactic that many businesses simply fail to do. Leverage the brand of a notable customer.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ik0Mg0layYE/
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