Unlocking Cross-Border Growth with Effective Digital Marketing
Matthew Giggengrove
Digital Performance Marketing Expert | Driving E-commerce Revenue Growth
In today's globalized world, cross-border e-commerce has become a lucrative opportunity for businesses looking to diversify their ecommerce business to increase market size, access to new customer segments, build higher sales and revenue, and reduce reliance on a single market. However, venturing into cross-border digital marketing requires a strategic approach to ensure success. This article will guide you through the key steps and considerations for setting up effective cross-border digital marketing for your e-commerce store.
Before diving into the realm of marketing, it is important to establish a strong foundation by addressing the localized aspects of your e-commerce store. This includes:
1. Opportunities: Start by utilizing current analytics data and conducting market research to identify the top cross-border opportunities. Prioritizing top opportunities will allow cross border expansion to be more successful.
2. Logistics: Effective delivery methods and options are crucial for a seamless cross-border shopping experience. Ensure that your logistics infrastructure can handle international shipping while providing accurate tracking and timely delivery.
3. Pricing: Localization is key when it comes to pricing goods in a localized currency. Take into account exchange rates, local market competition, and purchasing power to determine competitive yet profitable pricing strategies.
4. Payments: Offer localized payment options to provide convenience and trust to international customers. Familiarize yourself with the preferred payment methods in each market and integrate them seamlessly into your checkout process.
5. Regulations: Complying with country-specific customs, duties, taxes, and data protection policies is essential for a smooth cross-border operation. Stay updated on the legal requirements of each market and ensure that your e-commerce store adheres to them.
Once you have a strong base for your local operations, it’s crucial to develop a powerful digital marketing plan for expanding across borders. ESW (https://esw.com/) can assist you in streamlining this initial work before diving into digital marketing, making your international expansion more efficient and successful. Next, it’s important to establish a successful cross-border digital marketing strategy. Here are the important steps to follow:
1. Remove friction: Tailor your website and customer service experience to cater to the specific needs of your cross-border customers. Remove any domestic messaging, offers, or customer service policies that are not relevant to the international audience.
2. Offer localized key value propositions: Highlighting localized key value propositions, such as fast and free delivery, can greatly influence customers' decision-making. Tailor your marketing messages to emphasize the benefits that resonate well with each market.
3. Provide Localized Customer Service Policies: Clearly communicate your customer service policies on shipping, fees, and other important aspects related to your products and services. Make sure these policies are localized to ensure a seamless experience and build trust with international customers.
4. Adapt domestic marketing: Adapt your current domestic marketing collateral to suit the cross-border market. Conduct country-specific market research and competitive analysis to tailor your marketing messages effectively.
5. Localize seasonal offers and holiday promotional messaging: Utilizing a localized marketing calendar for seasonal offers and holiday promotions works wonders in engaging international customers. Leverage the unique cultural and regional characteristics of each market to create compelling marketing campaigns.
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6. Analyze data: Once your cross-border marketing efforts are live, start analyzing data to gain insights into the differences between domestic and international markets. Identify which categories and products perform well and whether they differ from your domestic market.
7. Tweak marketing for the local market: Based on the data analysis, start creating collateral specific to each market. Focus on promoting the best-performing categories and products while localizing product models (if possible) to resonate with the international audience.
8. Building country email database and localizing emails: To establish a strong and loyal customer base in each market, separate email data for shoppers opting into emails by market. Localize email marketing automations and offers to effectively engage with your international customers.
Embarking on cross-border digital marketing presents immense opportunities, there are a few common pitfalls that need to be avoided:
1. First purchase incentive: Unlocking new customers in foreign markets requires enticing offers. Consider providing a localized first purchase incentive along with email opt-in to captivate international customers and encourage them to try your products.
2. ROI expectation: Cross-border expansion is about diversifying your business portfolio and creating larger growth opportunities. However, bear in mind that it does take time to establish new markets and achieve an efficient return on investment at scale.
3. Concentrate on select markets: It is not advisable to spread yourself too thin by targeting too many cross-border countries at once. Instead, focus on deep performance marketing and building awareness in the top 1-3 countries to ensure maximum effectiveness.
4. Dedicated cross-border marketing team: To maintain optimal performance and high return on investment, it is essential to have a dedicated marketing team focused on the new cross-border markets. Without proper attention and ongoing optimization, your marketing efforts might falter, leading to poor performance. To simplify this, at ESW (https://esw.com/) I head our Velocity Marketing Services where we effectively become an expansion of your business with a digital marketing focus to build your international strategy and run your international marketing.
5. Language Translations: When expanding internationally, it's important to consider localized languages. This is especially crucial for markets that have a different language than your current store. Some shoppers in these regions will not make purchases unless they have a localized experience in their language. However, you can initially start targeting shoppers in the language you already have available before translating. It's important to ensure that your digital marketing aligns with the language the customers will experience on the e-commerce site to achieve the best return on investment.
In conclusion, effective cross-border digital marketing requires a strategic approach that encompasses localized operations, tailored marketing messages, and ongoing data analysis.
By understanding the localized aspects and focusing on select markets, e-commerce stores can tap into the immense potential of cross-border expansion. Remember to prioritize customer experience, adapt your marketing strategy to each market, and devote resources to optimize your performance continuously. With a well-executed cross-border digital marketing strategy, your e-commerce store can thrive in today's global marketplace.
If cross border e-commerce is of interest to you and your business you should visit ESW (https://esw.com/)