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Successful in Germany - Market Entry Strategies

Successful in Germany - Market Entry Strategies. What is so special about my product/service in comparison with products/services which are already present in germany ? Is there a market –entry strategy ? Who in your company is responsible for the project „Market entry germany“ ?

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Successful in Germany - Market Entry Strategies

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  1. Successful in Germany- Market Entry Strategies

  2. What is so special about my product/service in comparison with products/services which are already present in germany? Is there a market –entry strategy? Who in your company is responsible for the project „Market entry germany“? Does the person have the basic qualification (knowledge of german culture,language)? Do you have a budget for entering new markets?

    Homework done?

  3. Do you have a homepage in german language? Do you have info material (Flyer, Broschure, product presentation) in german language? Verification about your certificates? (ISO/TÜV)

    Homework done?

  4. Factors of success on the german market Good contacts/network (Cluster!) Choose the right local partner Reliable businesspartners Good knowledge of the market Cost performance ratio Service Quality of the product Concrete economic concept for the market entry Technological advance of the product Financing????
  5. How to find the right partner? AHK Slowenien – Your bridge to the german market We… provide Information solveproblems offer services connect you
  6. . Which cooperation models are existing in germany? Exclusive representation through one Sales Partner Cooperation with sales representatives Open a company in germany Cooperation with an agent
  7. . Which cooperation models are existing in germany? Exclusive representation through one Sales Partner + Exclusivity, ideal for a special product with a special peer group ? Network of the partner has to be exellent
  8. . Which cooperation models are existing in germany? 2. Cooperation with sales representatives + big and well organised network in germany + represents usually complementary products/services + from the german costumer side sales representatives are well accepted ?+ take a provision ? Again: network /structure of the costumers
  9. . Which cooperation models are existing in germany? 3. Open a company in Germany Makes sence in sensitive sectors (food,health care, bio) where it is important the you build up trust towards the end costumer. Usually a company is established when there is already a high export rate to germany. + Germany trade and invest offers you support free of charge + regional subsadies in Germany, especially for innovation/start up companies
  10. . Which cooperation models are existing in germany? 4. Cooperation with an agent + Builds up a Business relationship to costumers/partners in professional way through his/her network + Defines together with you the market entry strategy + Organises individually for you meetings with potential clients/partners in Germany + Individual, quicks, focused on your aim ?Costs
  11. . Which cooperation models are existing in germany? Costs?! Sales representatives work on a comission basis If you have an exclusive sales representative a salary will have to be paid Agents: normally a project is charged by hours
  12. . Which cooperation models are existing in germany? Costs?! Example: Cooperation with an agent: Project for 6 months (Establishing market entry in Germany) 1-2 hours/day (Mailings, Meetings, cold calls)= 20-40 Hours for6 Months Costs per Hourca. 90,- 30 Hoursx 90€ = 2700€
  13. . Information about sectors and business in germany Marktinformationen
  14. . How to find a partner? CentralvereinigungDeutscher Wirtschaftsverbände für Handelsvermittlung und Vertrieb VBI Deutscher Verband Beratender Ingenieure Der Bundesverband Großhandel, Außenhandel, Dienstleistungen e.V. ist die führende Organisation für Großhandel, Außenhandel und Dienstleistungen in der Bundesrepublik Deutschland.
  15. Trade fairs in germany One of the most important marketing tools in germany are trade fairs You can find information about all the trade fairs in germany in slovene language here: www.portal-sejmi.si Quelle: Austellungs- und Messeauschuss der Deutschen Wirtschaft
  16. Our partners in germany
  17. Our partners in the world 80 Länder        120 Standorte     1,400 Mitarbeiter   40,000 Mitgliedsunternehmen  98% des deutschen Außenhandels
  18. "AHK – weltweit verbunden" AHKs als Mitgliedsorganisationen AHKs als offizielle Repräsentanz der Deutschen Industrie und Wirtschaft AHKs als Dienstleistungsanbieter für Unternehmen
  19. Challenges & Experience A successful market entry needs approximately two years of professional preparation For most of the slovene companies the main challenge is to establish the FIRST contact in the german market „Open the door“ For the first contact it is important to build up trust! Good Practice: a lot of slovene companies cooperate succsessfully and already for a long time with german companies Slovenes know the businessculture in germany very well Slovene companies know what is important to establish a longlasting cooperation
  20. Challenges & Experience The perfect market entry: 1. Professional Market analyses Competitors Answers the question: Is Germany waiting for my product/service? 2. Result of the analyses: yes, it makes sense to enter the market- go on! No, it will be hard : a lot of competitors, price performance, quality- think&stop! Do i need to change my product? Is it more suitable for another market?
  21. Challenges & Experience The perfect market entry: 3. Market entry Consult an agent if you cannot do it on your own! Arrange a meeting with the agent and discuss the strategy Result can be: Find sales agents for me! Set the time table for the project and prepare the marketing material 4. Meet the sales agents/contacts They will sell for you, if you are not satisfied- change them Start with one region (very often its Bavaria or other southern countries of germany) and spread your network of sales representatives
  22. Challenges & Experience The perfect market entry: 5. Be present on Trade fairs Support your agents Be present on trade fairs to gain new contacts, also to the end costumers 6. Long term Build up a trustful relationship with your partners and clients 7. Congratulations- you did it!
  23. For further questions please dont hesitate to get back to our experts for the german market.
  24. Thank you for your attention! Simon Pöpperlstellv. Geschäftsführer Telefon: +386 252 88 62 E-Mail: simon.poepperl@ahkslo.si http://slowenien.ahk.de
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