5 Things To Consider When Doing Business Overseas In The New Year

“Going global” has been a consistent trend in the last 10 years or so and for any SMB thinking of expanding their client-base beyond their local market in 2017, there are certain key considerations that need to be made if your goal is to increase your bottom-line. In our last webinar, we took a look at the various tools that are increasingly required for international trade. Next, we’re going to turn to the 5 approaches that you need to take to ensure a successful expansion overseas in the next year.

  1.    Localize – Make sure that your product appeals to the overseas consumer. The approach and demeanor should be tailored to the local market so make sure to do a lot of research beforehand.
  2.    Socialize – Networking is important. Spend time overseas building networks and deepening relationships and it will pay off.
  3.    Evangelize – Be passionate and act as an advocate. Consistently talk about your product and how it will benefit the overseas market.
  4.    Legalize – Make sure to adhere to all laws, customs, and regulations of the different markets you plan to expand into. If you want to know more about taxes and compliance, check out: ESSENTIAL TOOLS SMBS NEED FOR INTERNATIONAL TRADE  
  5.    Prioritize – Have clear objectives in mind and focus your efforts in tackling them one by one.

Leveling the playing field for SMBs is something we strive for by providing the payment service needed to compete in the global economy. We’d love to hear feedback from you on your success or suggestion for future tips that might help other business to succeed as well.

Aldo is the Founder and COO / CTO of San Francisco based Align Commerce, a next generation replacement for outdated wire and telegraphic transfer systems. Align uses the blockchain and its proprietary multi-rail systems to change the way global cross border payments are done - making the process simpler, faster and more transparent to over 60 countries. Some of the company’s investors include Kleiner, Perkins, Caufield, Byers (the same venture capital responsible for Google, Twitter, Amazon, Uber, Waze, Slack and SnapChat among others), Silicon Valley Bank Ventures, Recruit Strategic Partners, and NYCA Investment Partnership LP (led by Hans Morris, former President of Visa and Max Levchin, founding CTO of PayPal).

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