Friday, September 23, 2016

Stages of International Marketing



*      1.  No Direct Foreign Marketing
*      Company does not actively pursue customers in foreign markets, but receives them by unintended channels
•          Products are sold abroad through domestic wholesalers/distributors, website on the internet
*      2.  Infrequent Foreign Marketing
*      Company sells to foreign markets only when a temporary surplus of product exists
•          Once surplus is gone, foreign activity is gone
•          Few companies fit this model because of the need to develop long term relationships in foreign countries


*      3.  Regular Foreign Marketing
*      Companies produce their products and services to primarily sell domestically, but also internationally
•          Through domestic/foreign middlemen, sales force in foreign countries
*      4.  International Marketing
*      Companies are fully engaged in international marketing strategies
•          Companies are now international or multi-national
*      Global Marketing
*      Change from its marketing activities to all activities focused in a global perspective
•          Treat the world as one market
•          Market segment is no longer focused on national borders, rather such things as income levels, usage patterns, or other factors are looked across borders