Global expansion is when a fast-growing business takes its operations into lucrative overseas markets. These businesses are looking to reach the next level of growth and they can do this by establishing a presence in new countries across the globe.
Expanding your business Internationally is a monumental task but, if done right, can be a significant driver of growth.
We are proud to say that we now have coverage in 190 countries, with a small team and no outside funding.
Invest in a scalable infrastructure
Build a platform that is designed to scale from day one.
For example, we made sure that Advisory Excellence was set up with infrastructure where it was easy to add new countries, and track KPIs globally.
A focus on marketing channels that can scale, such as Google, YouTube, Pinterest and LinkedIn, can also prove useful in building a strong foundation for future growth. Whatever your budget, these platforms allow you to test the waters as knowledge of your market increases.
As campaign metrics demonstrate positive growth, your company can expand budgets to grow reach Internationally.
Think globally, act globally
Being in hypergrowth mode is exhilarating but there are plenty of opportunities to learn from mistakes. When you scale very quickly, there is no time to micromanage locally.
Only tailor locally what has been proven to make a significant impact.
Build a small but mighty team
Crafting a small but mighty team is key to moving forward in a positive direction.
Even if there are only a small number of individuals, a dynamic team can move mountains when the focus is right.
Create a high passion and energetic team which is invested in the future of the business.
If you instil one motto in your team, it should be: fail fast, learn and improve. We love trying new ideas and encourage the whole team to continuously test, especially when it’s outside their comfort zone.
The only requirement we set is to approach it methodically, to document the results and to share learnings with the team.
Nurture your brand ambassadors; your first and most loyal members or customers will be your strongest voices if they can be involved. We’ve been around since 2013 and have built a community that continuously stays engaged.
Listen to your members or customers, speak with them every week and make changes based on your insights. As a result of listening to our members, we decided to start hosting events.
There is nothing stronger than a real-life experience and it really makes us stand out from the crowd in a competitive market.
Getting more feedback from your audience can push your business to new heights. We collaborate with our members, so a lot of our content is member-generated.
Automate time-consuming tasks.
We believe we have a strong proposition for individuals around the world and expanding into new markets has been one of the most rewarding things we have done.