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Our global and digitised economy is making it easier for businesses of all sizes to grow into overseas markets. One of the barriers to global expansion for some SME's are language differences. If you are considering making a move into new markets, do not let this get in the way of the many benefits of making, distributing or selling your products and services overseas. Language barriers in international business are common and are something that can be alleviated. Some tips for successful SME expansion include:
Become lean with your business decisions
Develop strategic relationships
Narrow your market
Translate your website
To help with successful SME expansion, take the time to have some content on your website properly translated into your target language. Do not rely on free online tools like Google Translate for this. They will translate language literally which may not be correct in all instances.
Work with a professional translation agency or native speaker to translate and localise website and marketing content in the right way. Poor translations may negatively affect your first impression on your new customer base.
Learn the basics
Set up a local office
Depending on your business, it may be a good idea for you to set up an office in your chosen foreign market. Once you have acquired some customers, you may need to support them during local hours, or you may wish to access a workforce of native speakers.
Whatever the reason, it is important that a leader from head office moves to the new location to assist in establishing your business there. Most often they travel on expat assignment. This will ensure your new office is an extension of your existing business which may not happen if you rely on local hires entirely.
Taking the time to overcome language barriers will be well worth it once your products and services are helping to meet the needs of international customers and you begin to see the rewards of international expansion.
Once you decide to open a local office in your new market, protect your expat employees on the ground with International Health Insurance for Small and Mid-Size Business and direct your employees to our Expat hub, where they will get a vast array of information to help them with their assignment abroad. With our modular international healthcare plans for small and medium sized businesses you can build your plan to suit the needs of your employees and your budget.
Corporate sales
We have decades of experience in providing comprehensive cover and administrative solutions for all corporate groups, small or large. Talk to us about how we can protect you and your employees.
Are you moving abroad?
Before venturing to another country, make sure you have a health insurance plan you can rely on.
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