We would like to share our experience on starting businesses in a few countries. We'll explain why today (2009-201?) is the best a few years for small business, startup to go global.
7. But What’s Wrong? Dealing with local telephone provider was hard for a startup. They protect their cash cow. They’d ratherbuild services internally, as opposed to form a partnership. Lesson #1 Dependency on large companies is the kiss of death for many startups* *unless you know the key players inside the company
8. But What’s Wrong? (Cont’d) End consumers in many countries arevery cost-conscious Credit card is not usedto pay bills in many countries. Mobile payment is not as easy to integrate Lesson #2 Think thru end-to-end customer experience for each region
9. One Door Closes, Another Opens.. Businesses are using our service! High stickiness Many usages that we’ve never thoughtbefore Less issue on payment and prices. Credit cards and invoice are common Lesson #3 Do not resist opportunities, even if your product is not design that way Each region presents unique opportunities
10. Unexpected Shift Happens Global Economy Meltdown 2008-? Promise of Cloud Computing (Cost Elasticity) The Rise Of Social Computing (Productivity) Lesson #4 Mobility Accelerated Ride the global wave early, offer compelling solutions
11. …Back to Drawing Board The new Guppers.com was born… Cloud Computing Ready The Use of Social Computing Heavily Focus on Mobility Effortless Collaboration, just use your daily tool (SMS, Email, Browser) Social Media Ready Does this work? It’s early to tell, but we’re hopeful from looking at the data
12.
13. Tight hand-holding is required Lesson #5 Expect to spend more time and resource with customers in different parts of the world. US is not the barometer
14. Understand Their Daily Life Work Day Evening Hours Social Engagement continues well into the night
15. Guppers Usage By Region Mostly SMS Online and Email dominated Mix SMS and Online
16. Does Social Media Work Outside US? Although Asia has the highest Internet population and growth, US companies have little tractions. Online services are dominated by local online services (CyWorld, Baidu, Mixi) Lesson #6 In Asia and Europe, co-workers’, friends’ recommendations are much more important
17. Distribution Channel: What Work For Us Outside US? Lesson #8 Partner or hire local connectors Local Connectors, Influencers
18.
19. Business is very personal in many different countries; without body, you’re nobody
22. How To Find Local Connectors and Influencers? (Cont’d) Secondary Option: Issue: Unknown personal quality
23. Getting Your Business Funded Global organic growth is possible, but it’s unlikely in the first year VC Funding dries up in the US, Why not outside US?
24. Money Waiting To Be Invested In Asia, unprecedented amount of savings ready to be invested. However, they’re wary of US recent economy meltdown
25.
26. In Asia, personal trust is especially important Lesson #7 Earntrust, Customers will come, they might be your best investors
42. Nothing beats human face to face meetings; but today’s tools are good enoughWhat we’re using…. Live Meeting Conversation via SMS, Email, Online Personal Status Group Conference Call Email Hosting Screen Sharing
43.
44. The cost of building and maintaining data center is too expensive for startups
45. Cloud Computing offers “Pay As You Go” model, which works well for usWhat we’re using (pilot)