Reborn, I want to be the richest man!
Chapter 82
The morning sun was shining on my desk like gold, and I was concentrating on reviewing a detailed market research report. The chapter on emerging markets in the report was like a shining pearl, instantly attracting all my attention. The groups of data and cases seemed to be silently telling of endless potential and opportunities.
"These emerging markets are like a piece of commercial virgin land that has not yet been fully cultivated, waiting for us to sow and harvest." I thought to myself, with uncontrollable excitement and expectation in my eyes. The company's development process emerged in my mind, from the initial difficult foothold in the local market to the stumbling when gradually expanding international business. Every step was full of hardships and challenges. And now, this report in front of me is like a beacon, illuminating another broad road for the company's future development.
I immediately called together the company's core team members and held an emergency meeting to discuss the strategy of entering the emerging market. In the meeting room, everyone had different expressions, some with doubts, and some eager to try. The sales director was the first to break the silence. He frowned slightly and said, "Boss, although the emerging market has huge potential, we know very little about the market environment, consumption habits, and policies and regulations in these regions. Would it be too risky to enter rashly?" There was a trace of worry in his eyes, which was the instinctive fear of the unknown.
I shook my head gently and said with a smile, "Risks and opportunities always coexist. It is precisely because we don't know enough that we have to explore and try. As long as we are fully prepared, study the characteristics of the local market in depth, and formulate targeted strategies, I believe we will be able to get a share of this new market blue ocean." My tone was firm and confident, trying to dispel everyone's doubts.
The marketing manager then spoke: "I agree with the boss. From the market research, the consumer groups in emerging markets are large and young. They are more receptive to new things, but their spending power is relatively limited. So we need to make adjustments in our product strategy and launch some products with higher cost-effectiveness and more in line with local consumer needs." As he spoke, he quickly wrote something on his notebook with a pen in his hand, and his eyes flashed with thinking.
The head of the R&D department also said: "We can optimize and improve existing products according to the special needs of emerging markets. For example, in view of the imperfect local infrastructure construction, we can develop some product versions with lower power supply requirements and easy maintenance." He pushed his glasses, his expression was serious and serious, and his focused look seemed to have outlined the prototype of the new product in his mind.
When discussing marketing methods, the marketing specialist put forward his own ideas: "In emerging markets, the popularity of social media and mobile Internet is very fast. We can make full use of these platforms for precision marketing, carry out online promotion activities, and cooperate with local Internet celebrities and opinion leaders to increase brand awareness and product influence." He said with a beaming face, his eyes were full of excitement.The vision and expectation for the new marketing model were revealed in the interview.
After an in-depth discussion, we finally determined the strategic approach to enter the emerging market: based on market research, adjust product strategies according to local market characteristics, innovate marketing methods, actively establish cooperative relationships with local companies, and achieve mutual benefit and win-win results.
After that, I personally led the team on a research trip to emerging markets. The first stop was an emerging economy in Southeast Asia. The plane slowly landed at the local airport, and through the window, I saw a scene full of vitality and vigor. Outside the airport, there were a lot of cars and people, and the streets were lined with a variety of shops and lively markets.
After we checked into the hotel, we started the market research work without stopping. In the local commercial center, I saw a variety of local brands and international brands competing with each other. Consumers shuttled between stores, choosing their favorite products. I noticed that local consumers are more sensitive to prices and pay more attention to the practicality and functionality of products.
At the exchange meeting with local enterprises, I met a hospitable local entrepreneur. He smiled and said to me: "If you want to enter our market, you must understand our culture and consumer needs. People here value family and like to share, so if the product can have the attribute of family sharing, it will be more popular." His eyes revealed sincerity and friendliness, and those words inspired me deeply.
After returning to the hotel, I called the team members to share my observations and insights. "We need to incorporate the characteristics of these local markets into product design and marketing strategies. For example, we can use the form of family packaging on product packaging, and highlight the convenience and practicality of the product for family life in marketing promotion." I said in a firm tone, full of confidence in future market development.
In the following days, we reached a cooperation intention with a well-known local company. During the cooperation negotiation process, the two sides conducted in-depth discussions on product research and development, production, sales and brand promotion. The person in charge of the other company said seriously: "We hope that through this cooperation, we can learn from your advanced technology and management experience, and at the same time we can combine our local advantages with you to create products that are more suitable for the local market." I smiled and responded: "This is exactly what we expect. We believe that through the joint efforts of both parties, we will be able to achieve mutual benefit and win-win results and succeed in this market."
With the smooth progress of the cooperation, our products began to be gradually listed in the local market. In order to promote the products, we held a grand new product launch conference in the local area. The conference site was uniquely decorated and incorporated local cultural elements. On the stage, the lights were bright, and the models were dressed in gorgeous costumes, showing our new products. Under the stage, local media, dealers and consumer representatives gathered together, their eyes full of curiosity and expectation.
When the product was officially unveiled, there was warm applause and cheers from the audience. ConsumersThey gathered around to experience our products in person. I saw a young consumer excitedly say to his friend: "This product looks good and the price is reasonable. I plan to buy it back to try." His excited expression and satisfied smile filled me with a sense of accomplishment.
For a period of time after the product was launched, we paid close attention to market feedback. According to the opinions and suggestions of consumers, we optimized and adjusted the products in a timely manner. At the same time, we continued to increase marketing and promotion efforts, expand sales channels, and establish cooperative relationships with more local dealers.
As time went by, our market share in emerging countries gradually expanded. The company's performance has also been significantly improved. Looking at the sales reports from emerging countries, I was filled with emotion.
"We have finally gained a foothold in this emerging market. Although the journey has been full of hardships and challenges, our efforts have not been in vain." I said to Xiaolu in my heart, as if she could feel my joy and pride at the moment. I know that this is just a new beginning. There will be more markets waiting for us to explore and more opportunities waiting for us to grasp in the future. But I believe that as long as we uphold the spirit of courage to explore, innovate and forge ahead, the company will surely shine more brightly on the global business stage.
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