{"id":45442,"date":"2024-12-03T03:11:12","date_gmt":"2024-12-03T03:11:12","guid":{"rendered":"https:\/\/www.worldfirst.com\/uk\/?p=45442"},"modified":"2024-12-03T03:33:28","modified_gmt":"2024-12-03T03:33:28","slug":"how-smes-can-expand-into-new-markets","status":"publish","type":"post","link":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/","title":{"rendered":"How SMEs can expand into new markets"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"45442\" class=\"elementor elementor-45442\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-22aed097 e-flex e-con-boxed e-con e-parent\" data-id=\"22aed097\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2ea0e4d1 elementor-widget elementor-widget-text-editor\" data-id=\"2ea0e4d1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/www.worldfirst.com\/uk\/\">Home<\/a>\u00a0 &gt;\u00a0\u00a0\u00a0<a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/\">Blogs<\/a>\u00a0 &gt;\u00a0\u00a0<a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/\">Exploring new markets<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f0ed94 elementor-widget elementor-widget-heading\" data-id=\"6f0ed94\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">How SMEs can expand into new markets<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-69ec2582 e-flex e-con-boxed e-con e-parent\" data-id=\"69ec2582\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3fe1eaa7 elementor-widget elementor-widget-text-editor\" data-id=\"3fe1eaa7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The benefits of expanding into new markets include increased revenue and overseas brand awareness. But what are the practical steps associated with going global, and is international expansion realistic for UK-based SMEs?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c45fa2 e-flex e-con-boxed e-con e-parent\" data-id=\"5c45fa2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7e390c2e elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"7e390c2e\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"473\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\" class=\"attachment-large size-large wp-image-45443\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg 900w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491-300x177.jpg 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491-768x454.jpg 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491-360x213.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a47bb98 e-flex e-con-boxed e-con e-parent\" data-id=\"5a47bb98\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-728a827d elementor-widget elementor-widget-text-editor\" data-id=\"728a827d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are many ways to expand your business overseas. Some companies export UK-made products into foreign markets, while others set up shop in African, Asian or Latin American countries. So, what are the benefits of expanding into new markets \u2014 and are they worth the risks involved? .<\/p><p>We\u2019ll begin this article with a breakdown of expansion advantages; then we\u2019ll reveal a reliable ten-step approach to international expansion for current UK marketplace sellers.<\/p><ul><li>What are the benefits of expanding into new markets?<\/li><li>Expanding a small business into international markets<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e4db45c elementor-widget elementor-widget-heading\" data-id=\"3e4db45c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the benefits of expanding into new markets?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a20cf8f elementor-widget elementor-widget-text-editor\" data-id=\"2a20cf8f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Brand new markets represent opportunities \u2014 specifically, opportunities to grow revenue. As soon as you expand into a foreign market, your pool of potential customers grows to incorporate target audiences in your new region\u2019s consumer base. With the right marketing tactics in place, a larger audience should translate to a greater number of conversions.<\/p><p>According to GOV.UK,\u00a0<a href=\"https:\/\/www.gov.uk\/government\/news\/236000-uk-businesses-making-the-most-of-overseas-opportunities\" target=\"_blank\" rel=\"noopener\">232,000 SMEs<\/a>\u00a0in the UK exported products into foreign markets in 2017. Perhaps surprisingly, 47,000 new UK-based companies \u2014 ventures less than two years old \u2014 had active export strategies in place.<\/p><p>When you export goods in bulk, send single products to customers abroad or set up shop in emerging markets in Africa, Asia and Latin America, you could:<\/p><ul><li>Bring in more revenue<\/li><li>Escape a saturated market and stay ahead of the competition<\/li><li>Reduce your dependence on domestic demand for your product<\/li><li>Gain access to foreign talent<\/li><li>Be eligible for\u00a0<a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1033915\/export-strategy-supporting-and-connecting-business-to-grow-on-the-world-stage.pdf\" target=\"_blank\" rel=\"noopener\">UKEF buyer credit<\/a>\u00a0support and insurance<\/li><li>Provide international customers with a better regional service<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-420f541 elementor-widget elementor-widget-heading\" data-id=\"420f541\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Expanding a small business into international markets<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00cfd8c elementor-widget elementor-widget-text-editor\" data-id=\"00cfd8c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you\u2019ve been successful domestically, it could make business sense to extend your operations into foreign markets. It isn\u2019t always easy to find information about exporting \u2014 or about setting up a business presence overseas. In fact, according to the\u00a0<a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/994098\/dit-national-survey-of-registered-businesses-exporting-behaviours-attitudes-and-needs-2020-wave-5-report.pdf\" target=\"_blank\" rel=\"noopener\">2020 DIT National Survey of UK Registered Businesses<\/a>, 27% of potential exporters felt constrained by a lack of exporting knowledge.<\/p><p>Many businesses use a ten-step approach to help them expand into new markets overseas. Without further ado, let\u2019s dive into each stage.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8c67c3 elementor-widget elementor-widget-heading\" data-id=\"c8c67c3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step one: create a game plan<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae099fe elementor-widget elementor-widget-text-editor\" data-id=\"ae099fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Before you do anything else, write an overview of all the things you need to do to take your business global. This will read a little like a standard business plan: you\u2019ll include your company information, details about the products you plan to sell overseas, a marketing strategy and a financial strategy. You\u2019ll also need to explore logistics and red tape \u2014 customs rules, international law and currency conversion, for example.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23efbd7 elementor-widget elementor-widget-heading\" data-id=\"23efbd7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step two: perform market research<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdf36c7 elementor-widget elementor-widget-text-editor\" data-id=\"cdf36c7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Most businesses perform a thorough marketplace analysis before proceeding with international expansion plans. If you have the budget to perform primary market research, then do so; if you don\u2019t, use the best secondary data sources you can find to deep dive into your target market. Try to find out about regional infrastructure, what consumers want, how much they\u2019re willing to pay, and how quickly they expect to receive products.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-21a3e556 e-flex e-con-boxed e-con e-parent\" data-id=\"21a3e556\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-324f5f71 elementor-widget elementor-widget-template\" data-id=\"324f5f71\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45097\" class=\"elementor elementor-45097\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c252ce e-con-full e-flex e-con e-parent\" data-id=\"c252ce\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3d0dfaa8 e-flex e-con-boxed e-con e-child\" data-id=\"3d0dfaa8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c260cf4 elementor-widget elementor-widget-heading\" data-id=\"c260cf4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Open a World Account for free<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cfe13b9 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4cfe13b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Open 20+ local currency accounts and get paid like a local<\/li><li>Pay suppliers, partners and staff worldwide in 100+ currencies<\/li><li>Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify<\/li><li>Save with competitive exchange rates on currency conversions and transfers<\/li><li>Lock in exchange rates for up to 24 months for cash flow certainty<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bf1e215 elementor-widget elementor-widget-button\" data-id=\"4bf1e215\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/portal.worldfirst.com\/register?region=GB&#038;lang=en-GB\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-15f5b915 e-flex e-con-boxed e-con e-parent\" data-id=\"15f5b915\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-177c7162 elementor-widget elementor-widget-spacer\" data-id=\"177c7162\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7418ca8 elementor-widget elementor-widget-heading\" data-id=\"7418ca8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step three: assess your competition<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-127242b7 elementor-widget elementor-widget-text-editor\" data-id=\"127242b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You probably won\u2019t be the only player on the field \u2014 so it\u2019s important to find out as much as you can about your marketplace peers. Perform a SWOT analysis on your top competitors in each region, assessing things like business domicile, company size, product features, pricing structure and overall strengths and weaknesses. Then, use the data you find to define your unique selling proposition (USP).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46e20b88 elementor-widget elementor-widget-heading\" data-id=\"46e20b88\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step four: pick your product<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f5d44d0 elementor-widget elementor-widget-text-editor\" data-id=\"1f5d44d0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you have more than one product, now\u2019s the time to pick your primary item for export. Many companies begin expansion strategies with a limited range of products to limit risk, and then increase their offering as they become more successful in new markets.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09b421d elementor-widget elementor-widget-heading\" data-id=\"09b421d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step five: segment your target market<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9140564 elementor-widget elementor-widget-text-editor\" data-id=\"9140564\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Emerging markets, including China, bring growth potential to the table. Many consumers in up-and-coming markets enjoy novel products \u2014 and an increasing number have the capital to buy those items. The key is to find out how many people in your target market might want to buy your product \u2014 and that\u2019s where segmentation comes in.<\/p><p>To segment a regional market, take a look at national marketplace characteristics to identify consumer traits. Then, separate your target group and divide it into sections based on demographic data.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0aa482d elementor-widget elementor-widget-heading\" data-id=\"0aa482d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step six: read the rules<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20877ed elementor-widget elementor-widget-text-editor\" data-id=\"20877ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Before you make concrete plans to manufacture a product for \u2014 or export a product into \u2014 a foreign market, familiarise yourself with the country\u2019s rules and regulations. Pay close attention to packaging and labelling laws, and to legal quality standards in your target region. There may be special rules about \u2014 or restrictions on \u2014 food or pharmaceutical imports, for example.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5801d1 elementor-widget elementor-widget-heading\" data-id=\"d5801d1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step seven: create a logistics strategy<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbf1b99 elementor-widget elementor-widget-text-editor\" data-id=\"fbf1b99\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Next, create a practical logistics strategy. If applicable, consider how you\u2019ll send goods overseas: will you use container shipping or air freight? If you plan to manufacture products in China and export them into neighbouring countries, what type of paperwork will you need to complete? What will your storage or warehousing needs look like in the new region?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bb04bb elementor-widget elementor-widget-heading\" data-id=\"2bb04bb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step eight: visit trade shows<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91f6c28 elementor-widget elementor-widget-text-editor\" data-id=\"91f6c28\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you have the chance, showcase your product at a regional trade show to gauge interest. Some trade fairs have gone fully or partially online in the wake of the COVID-19 pandemic, so they\u2019re more accessible to newcomers currently based abroad.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cf74f9 elementor-widget elementor-widget-heading\" data-id=\"5cf74f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step nine: test in a low-barrier market<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8d41bc elementor-widget elementor-widget-text-editor\" data-id=\"e8d41bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you plan to launch your product in more than one region, consider starting with a single low-barrier market to minimise risk. Some UK businesses begin by exporting to Singapore or Hong Kong, for instance, before moving into the rest of Asia.\u00a0<a href=\"https:\/\/www.fm-magazine.com\/news\/2014\/apr\/20149992.html\" target=\"_blank\" rel=\"noopener\">Emerging low-barrier markets<\/a>\u00a0include Malaysia, Oman and Jordan.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90890f3 elementor-widget elementor-widget-heading\" data-id=\"90890f3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step ten: go live and track results<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ddf8d9 elementor-widget elementor-widget-text-editor\" data-id=\"7ddf8d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If your product and your strategy work in a low-barrier environment, you can go live in other target markets. After you begin trading, keep a close eye on sales metrics and other market indicators, and make strategic changes accordingly. Key performance indicators (KPIs) for global marketplace success include traffic volume, conversions, consumer loyalty and revenue.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19f5930 elementor-widget elementor-widget-heading\" data-id=\"19f5930\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Working with an international payments partne<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f86aba elementor-widget elementor-widget-text-editor\" data-id=\"4f86aba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In a\u00a0<a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/994098\/dit-national-survey-of-registered-businesses-exporting-behaviours-attitudes-and-needs-2020-wave-5-report.pdf\" target=\"_blank\" rel=\"noopener\">recent UK government survey<\/a>, 15% of UK businesses \u2014 one in seven companies \u2014 self-identified as potential exporters, but hadn\u2019t yet exported products overseas. It stands to reason, then, that many UK-based businesses, perhaps including your company, have untapped export potential.<\/p><p>The benefits of expanding into international markets can be considerable \u2014 and with the right international payment partner at your side, financial transactions can flow smoothly, too. With more than a decade of experience in cross-border business payments, WorldFirst is the clear choice for international currency transfer. With a WorldFirst account, you can transfer funds at speed, send mass payments, manage risk and save money.<\/p><p>To\u00a0<a href=\"https:\/\/www.worldfirst.com\/uk\/products\/\" target=\"_blank\" rel=\"noopener\">find out more<\/a>\u00a0about WorldFirst products and services or call 0207 801 1065 today.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-776fa56b elementor-widget elementor-widget-image\" data-id=\"776fa56b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"160\" height=\"160\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810.png\" class=\"attachment-large size-large wp-image-32122\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810.png 160w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240327031331810-150x150.png 150w\" sizes=\"(max-width: 160px) 100vw, 160px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77ee1698 elementor-widget elementor-widget-heading\" data-id=\"77ee1698\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">WorldFirst<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-734f37fb e-flex e-con-boxed e-con e-parent\" data-id=\"734f37fb\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-15ee7185 e-flex e-con-boxed e-con e-parent\" data-id=\"15ee7185\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d8f84c1 Last3Articles elementor-widget elementor-widget-shortcode\" data-id=\"5d8f84c1\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"blogs_container\">\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/opportunities-in-malaysia-when-expanding-business\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/20240423060544406.png\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/opportunities-in-malaysia-when-expanding-business\/\">The opportunities in Malaysia when expanding your business globally<\/a>\n                <\/h1>\n                <p>Explore business opportunities and manage costs effectively in Malaysia with this guide for European businesses.<\/p>\n                <span>Dec \/ 2024<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/poland-tech-hubs-for-business-growth\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/Polands-tech-hubs-that-are-driving-business-innovation-and-growth-scaled-1.jpeg\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/poland-tech-hubs-for-business-growth\/\">Poland\u2019s tech hubs that are driving business innovation and growth<\/a>\n                <\/h1>\n                <p>Discover how Warsaw and Krakow are driving business growth in Poland. Learn about their innovative tech scenes and opportunities for expansion.<\/p>\n                <span>Dec \/ 2024<\/span>\n            <\/div>\n        <\/div>\n                    <div class=\"blogs_item\">\n            <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/poland-economy-for-businesses\/\" class=\"blog_img_box\">\n                <img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/Poland-stable-economy-blog-min-scaled-1.jpeg\"\n                     alt=\"cover_img\" class=\"cover_img\" loading=\"lazy\">\n            <\/a>\n            <div class=\"blog_abstract\">\n                <h1>\n                    <a href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/poland-economy-for-businesses\/\">How Poland\u2019s stable economy lets businesses thrive<\/a>\n                <\/h1>\n                <p>Poland\u2019s resilient economy and pro-business policies make it an ideal destination for businesses looking to grow.<\/p>\n                <span>Dec \/ 2024<\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1d5b0591 e-grid e-con-boxed e-con e-parent\" data-id=\"1d5b0591\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-71702f32 e-flex e-con-boxed e-con e-parent\" data-id=\"71702f32\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-efd5e70 elementor-widget elementor-widget-template\" data-id=\"efd5e70\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45101\" class=\"elementor elementor-45101\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d900fac e-flex e-con-boxed e-con e-parent\" data-id=\"6d900fac\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-36c1eca9 e-flex e-con-boxed e-con e-parent\" data-id=\"36c1eca9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4c238113 elementor-widget elementor-widget-heading\" data-id=\"4c238113\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">You might also like<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7f9ec2 elementor-widget elementor-widget-text-editor\" data-id=\"b7f9ec2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>WorldFirst articles cover strategies to mitigate risk, the latest FX insights, steps towards global expansion and key industry trends. Choose a category, product or service below to find out more.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6457b31 e-grid e-con-boxed e-con e-parent\" data-id=\"6457b31\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27fa6f1 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"27fa6f1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/for-online-sellers\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Accounts for online sellers<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6712d69 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"6712d69\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/for-importers\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Accounts for importers<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0d3516 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"e0d3516\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Exploring new markets<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5c09e4 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"a5c09e4\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/business-with-china\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Doing business with China<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cea8463 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"cea8463\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/global-insights\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Global insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cacb43 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"6cacb43\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/international-transactions\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">International transactions<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e016d elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"77e016d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/marketplaces\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Marketplace partnerships<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10d4375 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"10d4375\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/e-commerce-guides\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">E-commerce guides<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5664dbe9 e-flex e-con-boxed e-con e-parent\" data-id=\"5664dbe9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3a2f56d3 elementor-widget elementor-widget-template\" data-id=\"3a2f56d3\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"45104\" class=\"elementor elementor-45104\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2cfb4cdd e-flex e-con-boxed e-con e-parent\" data-id=\"2cfb4cdd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4194f9d elementor-widget elementor-widget-heading\" data-id=\"4194f9d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Businesses trust WorldFirst<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5db8d328 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"5db8d328\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Almost 1,000,000 businesses have sent USD$300B around the world with WorldFirst and its partner brands since 2004<\/li><li>Your money is safeguarded with leading financial institutions<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-658bb0a0 elementor-widget elementor-widget-image\" data-id=\"658bb0a0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"271\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1024x347.png\" class=\"attachment-large size-large wp-image-32123\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1024x347.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-300x102.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-768x260.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-1536x520.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999-360x122.png 360w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/05\/20240326104849999.png 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home\u00a0 &gt;\u00a0\u00a0\u00a0Blogs\u00a0 &gt;\u00a0\u00a0Exploring new markets How SMEs can expand into new markets The benefits of expanding into new markets include increased revenue and overseas brand awareness. But what are the practical steps associated with going global, and is international expansion realistic for UK-based SMEs? There are many ways to expand your business overseas. Some companies [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":45443,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How SMEs can expand into new markets | WorldFirst<\/title>\n<meta name=\"description\" content=\"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How SMEs can expand into new markets\" \/>\n<meta property=\"og:description\" content=\"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"WorldFirst\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T03:11:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T03:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anja\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anja\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\"},\"author\":{\"name\":\"anja\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/ba9944195926cfc2df667d3c4fef880d\"},\"headline\":\"How SMEs can expand into new markets\",\"datePublished\":\"2024-12-03T03:11:12+00:00\",\"dateModified\":\"2024-12-03T03:33:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\"},\"wordCount\":1191,\"publisher\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\",\"articleSection\":[\"Exploring new markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\",\"url\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\",\"name\":\"How SMEs can expand into new markets | WorldFirst\",\"isPartOf\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\",\"datePublished\":\"2024-12-03T03:11:12+00:00\",\"dateModified\":\"2024-12-03T03:33:28+00:00\",\"description\":\"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage\",\"url\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\",\"contentUrl\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg\",\"width\":900,\"height\":532},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.worldfirst.com\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exploring new markets\",\"item\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/category\/exploring-new-markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How SMEs can expand into new markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#website\",\"url\":\"https:\/\/www.worldfirst.com\/uk\/\",\"name\":\"WorldFirst\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#organization\"},\"alternateName\":\"WorldFirst\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.worldfirst.com\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#organization\",\"name\":\"WorldFirst\",\"url\":\"https:\/\/www.worldfirst.com\/uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2023\/07\/new_LogoEn_250123.png\",\"contentUrl\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2023\/07\/new_LogoEn_250123.png\",\"width\":238,\"height\":34,\"caption\":\"WorldFirst\"},\"image\":{\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/ba9944195926cfc2df667d3c4fef880d\",\"name\":\"anja\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/91aac5d1e81069d4c823d50bfd59a670?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/91aac5d1e81069d4c823d50bfd59a670?s=96&d=mm&r=g\",\"caption\":\"anja\"},\"url\":\"https:\/\/www.worldfirst.com\/uk\/blogs\/author\/anja\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How SMEs can expand into new markets | WorldFirst","description":"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/","og_locale":"en_US","og_type":"article","og_title":"How SMEs can expand into new markets","og_description":"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.","og_url":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/","og_site_name":"WorldFirst","article_published_time":"2024-12-03T03:11:12+00:00","article_modified_time":"2024-12-03T03:33:28+00:00","og_image":[{"width":900,"height":532,"url":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg","type":"image\/jpeg"}],"author":"anja","twitter_card":"summary_large_image","twitter_misc":{"Written by":"anja","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#article","isPartOf":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/"},"author":{"name":"anja","@id":"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/ba9944195926cfc2df667d3c4fef880d"},"headline":"How SMEs can expand into new markets","datePublished":"2024-12-03T03:11:12+00:00","dateModified":"2024-12-03T03:33:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/"},"wordCount":1191,"publisher":{"@id":"https:\/\/www.worldfirst.com\/uk\/#organization"},"image":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg","articleSection":["Exploring new markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/","url":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/","name":"How SMEs can expand into new markets | WorldFirst","isPartOf":{"@id":"https:\/\/www.worldfirst.com\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage"},"image":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg","datePublished":"2024-12-03T03:11:12+00:00","dateModified":"2024-12-03T03:33:28+00:00","description":"Emerging economies offer revenue potential \u2014 if you know how to expand internationally. Learn how to break into new markets with this WorldFirst guide.","breadcrumb":{"@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#primaryimage","url":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg","contentUrl":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2024\/12\/243169491.jpg","width":900,"height":532},{"@type":"BreadcrumbList","@id":"https:\/\/www.worldfirst.com\/uk\/blogs\/exploring-new-markets\/how-smes-can-expand-into-new-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.worldfirst.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Exploring new markets","item":"https:\/\/www.worldfirst.com\/uk\/blogs\/category\/exploring-new-markets\/"},{"@type":"ListItem","position":3,"name":"How SMEs can expand into new markets"}]},{"@type":"WebSite","@id":"https:\/\/www.worldfirst.com\/uk\/#website","url":"https:\/\/www.worldfirst.com\/uk\/","name":"WorldFirst","description":"","publisher":{"@id":"https:\/\/www.worldfirst.com\/uk\/#organization"},"alternateName":"WorldFirst","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.worldfirst.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.worldfirst.com\/uk\/#organization","name":"WorldFirst","url":"https:\/\/www.worldfirst.com\/uk\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfirst.com\/uk\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2023\/07\/new_LogoEn_250123.png","contentUrl":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/15\/2023\/07\/new_LogoEn_250123.png","width":238,"height":34,"caption":"WorldFirst"},"image":{"@id":"https:\/\/www.worldfirst.com\/uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/ba9944195926cfc2df667d3c4fef880d","name":"anja","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfirst.com\/uk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/91aac5d1e81069d4c823d50bfd59a670?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/91aac5d1e81069d4c823d50bfd59a670?s=96&d=mm&r=g","caption":"anja"},"url":"https:\/\/www.worldfirst.com\/uk\/blogs\/author\/anja\/"}]}},"_links":{"self":[{"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/posts\/45442"}],"collection":[{"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/comments?post=45442"}],"version-history":[{"count":4,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/posts\/45442\/revisions"}],"predecessor-version":[{"id":45448,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/posts\/45442\/revisions\/45448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/media\/45443"}],"wp:attachment":[{"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/media?parent=45442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/categories?post=45442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfirst.com\/uk\/wp-json\/wp\/v2\/tags?post=45442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}