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5 Steps to Take
before
Going Global
Deciding to go Global
• World economy is
expanding everyday
• Appeal to expand
internationally is
growing
• Going global takes
time, effort, and
money
• Make sure you’re on
the right track!
1. Examine the market
• Market research is well worth the cost.
• Ask these questions:
– Is there enough of your target market in a given area
to support business?
– What other similar solutions are selling internationally
or in a given area?
– Which countries are going to be the most profitable
for you to release your products in?
– Is success likely in more challenging areas?
– Does your product even have global appeal?
1. Examine the market
• Pinpoint certain
countries that will be
more profitable for
you
• Take into account
your market research
and target groups
before going global
2. Research Rules &
Regulations in New Countries
• Do further research on countries you are
interested in
• Research business regulations in each country
• Make sure your product doesn’t violate any
country regulations
• Look at rules for trademarks, patents,
copyrights and trade secrets
3. Familiarize yourself with
locales
• You may need to set up local offices for
business to really take off
• You may also need to partner up with another
company in the area
• Extra money will go into setting up a local
branch, so make sure that area is worthwhile
3. Familiarize yourself with
locales
• Learn the local
language or bring
someone that speaks it
• Localize your products
if possible
• Localization will
prevent offending
locals and could
promote your product
better
4. Determine a Budget
• Map out your
strategy for going
global
• You may have to
stretch resources
more
• Market research will
make budgeting
easier
5. Protect Your bases
• Stay within the protection of local laws
• Apply for patents and trademarks if your
product makes it necessary
• You are at the mercy of the nation where you
are selling your products
• Make sure your patent translation is high
quality
Get help going global
• MultiLing is a patent translation company that
can offer you services to make your transition
a little easier.
• Contact MultiLing for a free bid request!

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5 Steps to Take before Going Global

  • 1. 5 Steps to Take before Going Global
  • 2. Deciding to go Global • World economy is expanding everyday • Appeal to expand internationally is growing • Going global takes time, effort, and money • Make sure you’re on the right track!
  • 3. 1. Examine the market • Market research is well worth the cost. • Ask these questions: – Is there enough of your target market in a given area to support business? – What other similar solutions are selling internationally or in a given area? – Which countries are going to be the most profitable for you to release your products in? – Is success likely in more challenging areas? – Does your product even have global appeal?
  • 4. 1. Examine the market • Pinpoint certain countries that will be more profitable for you • Take into account your market research and target groups before going global
  • 5. 2. Research Rules & Regulations in New Countries • Do further research on countries you are interested in • Research business regulations in each country • Make sure your product doesn’t violate any country regulations • Look at rules for trademarks, patents, copyrights and trade secrets
  • 6. 3. Familiarize yourself with locales • You may need to set up local offices for business to really take off • You may also need to partner up with another company in the area • Extra money will go into setting up a local branch, so make sure that area is worthwhile
  • 7. 3. Familiarize yourself with locales • Learn the local language or bring someone that speaks it • Localize your products if possible • Localization will prevent offending locals and could promote your product better
  • 8. 4. Determine a Budget • Map out your strategy for going global • You may have to stretch resources more • Market research will make budgeting easier
  • 9. 5. Protect Your bases • Stay within the protection of local laws • Apply for patents and trademarks if your product makes it necessary • You are at the mercy of the nation where you are selling your products • Make sure your patent translation is high quality
  • 10. Get help going global • MultiLing is a patent translation company that can offer you services to make your transition a little easier. • Contact MultiLing for a free bid request!