Conducting market research is the most important part for companies to enter a new market, and should be the very first step in any market entry plan.
However, it is often time-consuming and requires a firm grasp of the local market, business practices, and cultural norms; language skills; and extensive networks of contacts. Our on-the-ground multidiscipline team is here to help you do it.
To identify and validate market opportunity for you, we will explore all aspects below:
Market landscape and sizing
Here, our team of experts can help you gain a solid understanding of the market landscape, develop a clear picture of the potential market size, and calculate market growth.
Customer segmentation
We will develop a robust customer segmentation by determining the most profitable key accounts in the market for your products/ services, analyzing their behaviors and pain points, and proposing actionable strategies to cater to their needs, win them over, and acquire their loyalty.
Competitive benchmarking
Our local team will assist you by effectively mapping out the competition in the market, identifying addressable gaps, addressing your value proposition capabilities and therefore, uncovering information on what opportunities and threats awaiting you.
Industry analysis
Through our experience working with clients from different verticals to grow in the country, we have obtained a deep understanding of the local market, its regulatory changes, and industry trends which we leverage to create the best strategy and tactical moves to help you gain a competitive advantage.
Other areas of research
We will also conduct research on Export and Import statistics, Distribution channel analysis, and other areas based on the exact demands of each client.
The deliverables of our Market Entry Consulting services include:
Our team is ready to discuss your business needs and answer any questions you may have. Get in touch with us today!