Why Start up company focus on International client?
Small businesses are growing rapidly and they are connecting with their potential international customers. So for being in the competition or for being one step ahead of your competitors in this dynamic market world, the company need to maintain or improve their international customer base.
Credibility and Reputation:
And by focusing on international clients and reaching them before your competitors, your company will have the upper hand and the company will be able to get settled and can gain more market share even before the arrival of competitors. After getting good market share before the arrival of competitors the company's brand value and reputation will become more trustworthy and credible in those countries and eventually pull more customers. Greater the number of customers greater will be the profitability.
Customer loyalty and Increasing Brand Value:
while working with an international client the company's Brand will get more exposure. If the client is satisfied with the work and services then goodwill of company will increase & client will be happy to refer your company to their friends, families and their known ones. Because of this, the company's brand will get more recognition and Eventually, the Brand value will increase.
One of the main motives of having international clients is gaining more and more revenue. Having international clients in different countries of the world, you may get a cushion like if some country is hit by recession then you still have clients in other countries, and due to this your working capital requirement will get fulfilled and you may keep on running your business without any hindrance. Another benefit of having an international client is that you can get paid earlier, international clients are willing to pay some money in advance so that you can be assured and they reduce any concern of fraud. If a company is having more international clients then it also creates a good image in the mind of local potential clients and it may end up increasing your local customer base.
Expansion of technology is there because of international clients like the use of virtual telephones, video conferencing, globally acceptable payment methods and various online collaboration tools. Earlier the major disadvantage of having international clients was the heavy transaction fees or exchange fees. But nowadays transactions are not a big deal thanks to various digital wallets and E-cash. Addition of these tools changed the way of doing business and because of these tools, one can run the business more effectively and more efficiently. Having international clients and doing business internationally can provide endless opportunities for the growth of business because of availability large number of audience.