International Expansion of Your Brand
Distributing, licensing, and franchising in the international market has seen a rapid increase in recent years. More and more U.S. and Canadian companies are going into the global marketplace and seeing a growing share of their revenue coming from international operations. Expanding your brand internationally is not always easy, but it can produce tremendous financial long-term rewards. Some of the reasons that make foreign markets appealing to U.S. and Canadian companies are:
- International brand recognition
- Increase growth potential
- Diversify company's market
- Protection from the effects of economic cycles
- Increase value of the brand
- Increase share of company's revenue
- Global branding
- Improving operations
- Low risk and minimal investment
- Building strong relationships world-wide