International Marketing

The global trade environment has experienced shock after shock in the last few years that has created a difficult international marketing environment. For example, the sudden and unforgiving onset of the covid-19 pandemic ravished international supply chains, and Russia’s devastating invasion of Ukraine severely dented hopes of a strong international recovery.
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Traditional methods of marketing for exports have had to adapt or die in the face of global pandemics and unforeseen geopolitical tensions. In the face of these disruptions, international marketing personnel have had to look at innovative ways of entering international markets, reaching foreign customers, and effectively engaging in international trade. While we would love to say that 2023 looks more predictable than the chaos of the last few years, the new year will undoubtedly come with challenges that require tremendous versatility, particularly for African exporters.
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A country's level of economic development will give you insights into the economic environment of your intended foreign market. When international marketing personnel assess the economic environment of a particular foreign market, they are essentially trying to estimate demand by establishing the distribution of income, the employment levels and the general economic outlook of the foreign market in question.
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Business books and MBA lectures are filled with examples of disastrous international marketing efforts that could have been avoided by simply considering the cultural sensitivities of a particular foreign market. The wrong colour, phrase, or circumstance could create a situation where your international marketing campaign develops a negative perception of your product and brand.
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Expanding your business internationally could be the key to achieving enormous growth, profit and sustainability. For example, exporting from South Africa could allow you to mitigate the risks of strained demand locally. Furthermore, while the depreciation of the South African rand has negatively impacted the international purchasing power of South Africans, it could positively impact the price competitiveness of South African exporters in foreign markets through a favourable foreign exchange rate for foreign buyers.
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Selecting an appropriate distribution channel helps ensure your products reach paying international customers. The physical movement of goods has been extensively covered in our modes of transport section and our free online module on how to choose the most appropriate mode of transport. This article introduces you to intermediaries that could assist you in reaching international customers. In particular, we will focus on the role of international sales agents and distributors in international marketing.
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marketing for exports requires you to conduct thorough research and carefully construct your export marketing plan. There are two types of international marketing research: primary and secondary. Primary research is commonly referred to as in-market research because it requires you to visit the market concerned and talk to potential buyers, agents, and distributors to collect new data that will help you develop your export marketing plan. Secondary research involves collecting and analysing existing data and is consequently cheaper to conduct than primary research.
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language barriers, cultural differences, climate conditions and the political and legal environment of your chosen target market can directly influence your chances of international marketing success. Ultimately, overcoming these challenges requires a well-thought-out export marketing plan which serves as your guide to achieving your international marketing targets. A critical step in your export marketing plan is identifying the right target market through efficient research.
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Marketing for exports, amongst other things, involves establishing the market accessibility, growth potential and cost of doing business in the foreign market concerned. Easy access, high growth potential and a low cost of doing business will all make a potential foreign market more feasible as an export destination for your product.
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International distribution involves not only the physical movement of goods between countries but also the marketing and sales of those goods to customers in your chosen foreign market. Selecting an appropriate distribution channel is fundamental in ensuring your products reach paying international customers. In this article, we aim to outline the purpose of a distribution channel in international marketing and introduce you to the factors that influence the development of an international distribution strategy.
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