Cookie Preference Centre

Your Privacy
Strictly Necessary Cookies
Performance Cookies
Functional Cookies
Targeting Cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, your device or used to make the site work as you expect it to. The information does not usually identify you directly, but it can give you a more personalized web experience. You can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, you should know that blocking some types of cookies may impact your experience on the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site may not work then.

Cookies used

ContactCenterWorld.com

Performance Cookies

These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site. They help us know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies, we will not know when you have visited our site.

Cookies used

Google Analytics

Functional Cookies

These cookies allow the provision of enhance functionality and personalization, such as videos and live chats. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, then some or all of these functionalities may not function properly.

Cookies used

Twitter

Facebook

LinkedIn

Targeting Cookies

These cookies are set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other sites. They work by uniquely identifying your browser and device. If you do not allow these cookies, you will not experience our targeted advertising across different websites.

Cookies used

LinkedIn

This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties

OK
BECOME
A MEMBER
TODAY TO:
CLICK HERE
[HIDE]

Here are some suggested Connections for you! - Log in to start networking.

How US Businesses Benefit from Investing in Foreign Countries - Sophia Belnap - ContactCenterWorld.com Blog

How US Businesses Benefit from Investing in Foreign Countries

Making strategic investments is one of the best ways to grow your company, whether you are a small business or a large corporation. One of the areas you can grow in is through making investments in foreign countries by purchasing real estate, partnering with local businesses and much more. These investments can offer you more benefits than you might realize as well as help the economies of both countries grow stronger. 

Diverse Economies 

Diversifying your portfolio is good for investors, whether they are private individuals or large corporations, because it helps keep you from losing everything if one stock, property or product depreciates. This same principle can be applied to investing in more than one economy. If the market for your products and services is struggling in one country, it might hold steady or show growth in another. Looking at Bahrain economics, for example, will show you a steady growth in many areas and would give you a good return on your investment. Income from these investments can be used to fuel innovations in markets which struggle or build up as a safety net.


Sponsor message - content continues below this message

2022 '17th annual' Global Contact Center World Awards NOW OPEN

Enter your Center, Strategy, Technology Innovation, Teams and Individuals into the ONLY TRULY GLOBAL awards program - regarded by many as being like the Olympics for the Contact Center World! Join the best from over 80 nations and compete for the most prestigious awards out there!

FIND OUT MORE HERE


Content continues ….

New Markets

Expanding your company into new markets can help your company find a bigger audience for your products and services. If you can purchase real estate in the country as part of your expansion, you can get to know the local culture and open product lines to better meet the needs of customers. The easiest way to expand globally is through the internet but having a storefront and salespeople on the ground is a good next step. Once you have a footprint in a new country, you can be better positioned to see and qualify for opportunities. For instance, if you have a small storefront in Bahrain and the opportunity comes to develop a bigger property for your business, you will already have the contacts and legalities in place to take it.

Brand Exposure 

The more people have exposure to your brand, the more customers you can draw in as they need a product or service that you sell, or that a friend does. By having your brand available in multiple countries, you are expanding your global footprint and can increase your loyal customers while still targeting a narrow audience with your marketing. It can also help you gain a foothold in more markets as you track the brand awareness across the map.

 

Talent Access 

New locations for your company also mean more employees and new talent pools. This can help you recruit some of the best in the field without having to ask them to move countries. It also means you can partner with schools in those locations to train new talent. Bringing people from many different countries into your company as employees can help innovate across countries and economies while improving your business. Different talent pools come with different cultures, which can mean bringing fresh eyes and ideas to a problem. This leads to new innovations for your company as well as for your industry and the markets involved. 

Competitive Advantages

You can gain quite a few competitive advantages from expanding into a new market, especially if that market is a foreign one. The main one is the first-mover advantage. By being the first to move into a market, you can develop resources and brand recognition before your competitors can make their own expansion. You can also get an advantage with the access to different technologies and techniques. By the time that your competitors catch up in this new market, you can already be growing in another one. 

Investing on a personal or corporate level in other countries can be incredibly beneficial for you, your business and the economies of both countries. You can learn about new cultures and how your products and services can be tailored to meet their needs, find new talent pools and gain more brand exposure. International trade boosts the world in more than just financial ways, because sharing technology, techniques and innovations can lead to a better future.

 

Publish Date: June 17, 2020 3:37 PM

About us - in 60 seconds!

Industry Champion Award Leaderboard

Most active award (top 10) entrants in the past 48 hours! - Vote for Others / About Program
Submit Event

Upcoming Events

The most important day of the year for the CC & CX industry in the world!

We are proud to announce the winners of The 2022 '17th Annual' Global Top Ranking Performers Awards, The World's Most Prestigious Awards in the industry! Read More...
 694 

Newsletter Registration

Please check to agree to be placed on the eNewsletter mailing list.

Latest Americas Newsletter
both ids empty
session userid =
session UserTempID =
session adminlevel =
session blnTempHelpChatShow =
CMS =
session cookie set = True
session page-view-total = 1
session page-view-total = 1
applicaiton blnAwardsClosed =
session blnCompletedAwardInterestPopup =
session blnCheckNewsletterInterestPopup =
session blnCompletedNewsletterInterestPopup =