Strategies to enter new markets at low costls

Many companies do mistakes such as entering very competitive market with old business models. If you still decide to enter competitive market try avoid head-to-head competition, as it is will be sunk cost.

Competitive free environment is difficult to identify and enter. Most markets today are either monopolistic or oligopolistic. Many companies have very good relationships to avoid regulations. They form cartels or informal networks.

Concentrate to offer multi-services around your product. Offer better strategies and constantly seek new one.

Concentrate on competitor barriers. It is your opportunity to avoid direct competition and introduce your product to the market.

https://www.bestnes.com/blog/strategies-to-enter-new-markets-at-low-cost

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