Understanding the market for your product or service
- and its selling environment - is vital. We undertake two levels of Market
Research for our clients - the first is a 'quick look' to establish whether
your product or service is viable in the market (see Offer Evaluation). The
second is more specific to give you the information you need to develop a viable
market entry strategy (see Market Studies).
Once you have decided on your initial level of commitment to the market, MAKE
IT LOCAL can help you develop your tactical plans and prepare a fully budgeted
market entry plan. We like to call it your route to business.
OFFER EVALUATION It means that your company’s business model
has to be reviewed to make sure there are no major obstacles to have it transposed
to Europe.
It is very rare that a simple copy/paste pattern would work. Usually some basic
changes and adaptations are needed to make sure your customer segment is going
to understand the value proposition of your company, and the benefits he will
get.
MAKE IT LOCAL will review your value proposition on the target market if you
are a new comer, or check your situation if you are already present in Europe.
MARKET STUDIES While Offer evaluation is a close study of your offer
and its accuracy to the local market you are targeting, Studies refers to something
wider, where your potential marketplace and competitors are carefully studied
in both micro and macro economic view. Your offer is then replace in the market
context, including its possible modification and tuning suggested by MAKE IT
LOCAL in the evaluation process.
Your company’s future on the local market is evaluated
with these two types of analysis.
It is important for MAKE IT LOCAL to point at relevant issues from the very
beginning. Bringing the wrong offer to the marketplace would come out as a failure
for both MAKE IT LOCAL and its customer.
Suggested “ROUTE” to business After having studied the potential positioning of
your offer on the targeted market MAKE IT LOCAL is suggesting you with a “ROUTE”
to business.
This “ROUTE” is a mix of proposals, ideas, analysis, leading to
an actual action plan. We could call it your business plan for your targeted
local market. But as there are some aspects that are not compulsory to fulfill
thanks to the MAKE IT LOCAL set of services, we may keep calling it YOUR ACTION
PLAN.