31. Feel free to contact me if any questions Email: [email_address] The End
Editor's Notes
It is nice to be in Sweden! I guees the only place nicer to be, would be Denmark. So it is very convenient that I now will explain you how you can enter the Danish market successfully. 05/30/11
The presentation is in 3 parts , Part 1 How you forgin customers thing about your shop, and how you should think about your forgin customers, Part 2 10 small thinks to check when you enter a new market, Part 3 How CoolStuff, became #1 gadgets store in three months in DK, and how CoolStuff in this may month have had mores sale pr. inhabitant in DK than in SE. All that happened in 1,5 year. Well, first Customer focus! 05/30/11
This is Nicolavs Copernicvs! He was the person who found out that it is not the sun that circels the earth, but the Earth that circels the Sun . With other words we are not the center of the univers . The point is that when E-commerce companies enter a new market, they still belive that their business model is the worlds best and that they are the center of the univers! But that is a wrong mentality , and when entering a new market the online shop need to realise that it is not about how it works in Sweden , but about what the customers want. A concreet ”Center of the universe problem” with in E-comemrce, is when online shop let the forgin customer pay for the extra delivery cost to the forgin market. But these shops miss the fact that they not competing about beeing the best swedish webshop on that market, but to be the best local shop!
So you can not teach foreign Customers Swedish standards and swedish chekouts. It is a typically problem that online shops believes sweden does it the best way. And Sweden is good, but don’t teach forgin customers about e.g. “Trygg E-handel”. They don’t understand it, and it does not create value for the customer. It is not just about what you can offer. It is about what your customers needs! And they don’t need swedish books! And they don’t need swedish payment methods! The customer need to know they are the target group Just keep thinking that it is about creating value for you forgin custoemrs Make it safe for the customer, show that you do an erfort to make it easy and safe for the forign customers, by adding local payment methods, local trust marks and local return adress. The first thing a customer ask when they come to a website is, are there anything that tells me this site is not safe to shop from? And any thing that is different from when the customer normally shop online in his own country, will make him abort the pruchace. Make it local Why should a Dane, a Finn or a Norwegian buy anything in a Swedish shop? – Foreign customers will always ask from themselves ”Are there any risks this product won’t be delivered to me?” How would you think about a forgin customer visiting your store 4Ps The customer need to recognize something in you shop Get customer reviews from foreign customers Get local suppliers/Make the product local 05/30/11
Make the customer feel that this webshop is made for him. Don’t leve him with the feeling that he is second priority. E.g. don’t let the customer pay the extra delivery cost. (don’t make a sign, Danish customers click her). Do it like this! A french company the overcame their ego, made a product for you. It feels good as a customer, who deftnliy have a reason to buy this product now! Don’t ofter a discount to a dane becasue Princess victoria is getting maried, offer it when the danish queen have a birthday! Put an effort to make it local
Again create value for your customers. Always evaluate if your really makes value for the customer. Point is that this is the issues you have to minimize, to crate more value for you customers. The price of the goods - sometime swedish shop are quite cheep compared to DK and NO The time it takes to find the shop and the product – Marketing is also about crating value – by helping your customer to find what they are looking for. If you not are marketing your self abroad, then you don-t crate the same value abroad as home The risk the product won’t be delivered – this reduces the value you create for the customer. If there is 5% ekstra risk, then the value of your product just dropped 5% Longer delivery time from abroad Issues with foreign customer service Problems with the payment methods Problems with return of goods Problems with custom The is also pluses by selling across boarders, as e.g. unique products that are made best in this countyr. Where countries have a competitve advantage, e.g. Italien shoes from an italien webshop, swedish skiing equitment. 05/30/11
The presentation is in 3 parts , Part 1 How you forgin customers thing about your shop, and how you should think about your forgin customers, Part 2 10 small thinks to check when you enter a new market, Part 3 How CoolStuff, became #1 gadgets store in three months in DK, and how CoolStuff in this may month have had mores sale pr. inhabitant in DK than in SE. All that happened in 1,5 year. Well, first Customer focus! 05/30/11
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Organitorisk
The presentation is in 3 parts , Part 1 How you forgin customers thing about your shop, and how you should think about your forgin customers, Part 2 10 small thinks to check when you enter a new market, Part 3 How CoolStuff, became #1 gadgets store in three months in DK, and how CoolStuff in this may month have had mores sale pr. inhabitant in DK than in SE. All that happened in 1,5 year. Well, first Customer focus! 05/30/11
The presentation is in 3 parts , Part 1 How you forgin customers thing about your shop, and how you should think about your forgin customers, Part 2 10 small thinks to check when you enter a new market, Part 3 How CoolStuff, became #1 gadgets store in three months in DK, and how CoolStuff in this may month have had mores sale pr. inhabitant in DK than in SE. All that happened in 1,5 year. Well, first Customer focus! 05/30/11
Show sales live. Present how CoolStuff -went from 0-1 mil -increased sales with 67% in one year -got 40% of sales abroad 05/30/11