This series of posts discusses how to choose foreign markets in the software industry.
Links to previous posts in this series are listed at the end of this post.
Entering a foreign market in the software industry is a very strategic decision. Finding, winning, making, keeping and growing customers in foreign countries requires establishing infrastructures, which can drive the marketing and sales processes as well as the implementation and support activities. Customers in foreign markets will be reluctant to do business with us unless we can demonstrate a solid commitment for the long haul.
A competitive product is not enough.
We concluded the previous post by listing the steps required for choosing foreign markets using a systematic and intelligent approach.
Let’s review each of the steps in detail.