[Mostar]

I was thinking about to communicate with you , if you maybe see/have a very good going business in your country and the competitor is so good, that its very hard for a new player to get into the market.

Why not moving to another country and trying to duplicate the already existing and winning business in a new region. I want to hear your thoughts about this.

[TheMaleBrain]

(11-16-2015 02:20 AM)Mostar Wrote:  

I was thinking about to communicate with you , if you maybe see/have a very good going business in your country and the competitor is so good, that its very hard for a new player to get into the market.

Why not moving to another country and trying to duplicate the already existing and winning business in a new region. I want to hear your thoughts about this.

Easier said than done.
Regulations are different, market is different and setting up business in another country is difficult.

Have you heard of the Ansuff matrix?
You first go to your existing customers for up-sale, and then take your product to different customers (in this case - another country).

You probably simplified it. Even when it regards internet business, localization is not that easy.

[RichieP]

Shit ton of opportunities doing this...

But yes, localization is a skill in itself. Not nearly as simple as just translating everything and hiring locals.

[Mostar]

(11-21-2015 10:04 AM)TheMaleBrain Wrote:  

(11-16-2015 02:20 AM)Mostar Wrote:  

I was thinking about to communicate with you , if you maybe see/have a very good going business in your country and the competitor is so good, that its very hard for a new player to get into the market.

Why not moving to another country and trying to duplicate the already existing and winning business in a new region. I want to hear your thoughts about this.

Easier said than done.
Regulations are different, market is different and setting up business in another country is difficult.

Have you heard of the Ansuff matrix?
You first go to your existing customers for up-sale, and then take your product to different customers (in this case - another country).

You probably simplified it. Even when it regards internet business, localization is not that easy.

Yes, I just looked at it and I know it. I am just saying for example when it comes to products which are not to high tech and not too difficult to manufacture but the labour costs are high in the one country why not trying to translate this into a new one. Or a lot of products (Internet services, Apps) which are in the growing phase in a first world country and where you can already see very good potential transferring this concepts to emerging markets or not so developed markets like the eastern european countries for example.

[Mostar]

(11-22-2015 02:48 AM)RichieP Wrote:  

Shit ton of opportunities doing this...

But yes, localization is a skill in itself. Not nearly as simple as just translating everything and hiring locals.

Of course. I am aware of that. But for example when it comes to the european union there are a lot of unified and simplified regulations.

[RichieP]

Well yeah, also a lot of extra restrictions. It's illegal to cold email (!!) in the EU, for example, whereas it's legal in the UK and US. Fines of thousands of Euros if someone really goes after you.

Any more specifics about what you're looking to do?

[username]

I've been thinking about doing something similar... taking some ideas of businesses that work well in the United States and develop and launch them in Davao, Philippines. It is definitely easier said than done. Specifically I've been looking into the food service industry. In the Philippines in this industry labor is really cheap (<$1US an hour) and even with that low pay you can stock your employees with college graduates. From my observations, the downside is that typical Davaoeños don't care about quality or taste. So then not only will I have to build up my product and brand but I will also need to spend a lot of time/money convincing the people to try my product.

[RichieP]

^yeah I would imagine launching a brick-and-mortar business in the Philippines as a foreigner is going to be massively challenging...

"So then not only will I have to build up my product and brand but I will also need to spend a lot of time/money convincing the people to try my product."

That actually sounds like a very steep mountain to climb. Are you sure there's even demand for what you're doing there?! Not trying to dissuade you man if you see a lucrative opp that's awesome, but I've just heard sooo many stories of failed bars/cafes/F&B biz's that expats started in SE Asia without having a grip on the market.

[joecolombia]

I am pretty certain that what he is trying to say is to find an already properly working system and take it to a less developed country that doesnt have that system or that level of technology.
I`ve been thinking this one through, and it is most likely a road to success. Countries such as latin american ones have nothing to little regulations and prices in labour are as cheap as in the philippines, with a more "americanized" live style.

I think it is a great way to go, the thing is finding that thing that could be viable down here.