New businesses continue to oil the wheels of commerce. Small and medium businesses continue to grow across the U.S., and throughout the world. The business world is no longer just a medium for big businesses. It has grown into a field where even smaller business ventures have a chance to shine. Making a small or medium-sized business grow means thinking outside the box and one important often overlooked way to grow a business is by traveling internationally. However, according to successful entrepreneurs such as Chrissy Weems going global can grow a business that will survive long term.
There are six ways traveling internationally can help a business grow.
The internet has opened a door to travel globally
Western influences like the internet have spread western thinking world-wide growing an international audience that eager and ready to purchase international goods plus services. A business owner in Europe can easily travel to connect with businesses in once far off places like India who are interested in their goods, and that’s due to the internet.
Create an international brand
Creating an international brand gives a business the greatest chance of success because it helps to reach a large international audience for a business. The prestige of having an international business comes with the extra benefit of trust because if a large audience enjoys a service or product, it can only be a benefit to that business.
Going international is cost-effective and grows business contacts
With the advent of cloud computing, business across the world have access to an expanded pool of talented experts and contacts in various business fields that can provide expert services to an international market. International firms can tap into an expanded service market at international business conventions where a business owner traveler can make valuable business contacts.
International business revenue is a plus
Business owners such as Origami Owl owner, Chrissy Weems understand that an increased customer base makes smart business sense. Traveling to international business conventions and trade shows expands a business’s customer base which in turn grows its revenue, and it started from taking the business global during international travel.
Traveling internationally can help a business get a drop on their competition
If a business is at the local or regional stage and doing well, that business’s model becomes more interesting to ‘copycat’ businesses seeking to capitalize on the service. So, expanding a business by traveling into international markets when it’s a singular successful entity can help that business get a jump on any copycats and successfully corner its niche.
A rich source of unending ideas
Traveling internationally to increase a business’s brand opens the door for an endless supply of ideas that can only enrich the business experience. Contacts with international markets equal new service ideas and processes that are the base of successful business growth which can only begin by moving from a business comfort zone into new international ventures.
These are just some of the reasons making moves to travel into international markets to grow a business makes sense. Creating a business means exploring all the possibilities to see it thrive and grow, if your company hasn’t considered traveling into international markets it’s time to give it a try.