When expanding your business, youโll need to decide between local and global growth channels. Each has its own benefits:
Local Growth ๐
- Lower Risk: You understand the market, customer behavior, and regulations.
- Tailored Marketing: Easy to create personalized campaigns.
- Simpler Logistics: Less complexity with supply chains and customer service.
Key Channels: Local SEO, community events, word of mouth.
Global Growth ๐
- Larger Market: Access millions of new customers.
- Economies of Scale: Lower costs as you grow.
- Global Brand Authority: Establish your business worldwide.
Key Channels: International SEO, global partnerships, social media targeting.
Which Is Right for You?
Start local to minimize risk, then expand globally as your brand grows.
Whatโs your current growth strategy? Let us know! ๐