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market
• Beachhead market is used for start-up companies or companies
looking to extend and diversify its product range to get a foothold on
new markets by using small steps. It is mostly used in international
trade by companies which seeks new market opportunities in different
countries. Beachhead market is used as a basis to invasion on whole
market in new country or geographic area. Using this market entry
strategy requires that customers in nearby market have similar
market needs and buy similar products, competition is relatively small
(as in situation when product uses new technology), and
communication between beachhead market and nearby markets is
very good to spread the news about new attractive products.
Example of Beachhead market
• Beachhead markets are an ideal strategy for companies entering a new market or
launching a new product. This strategy allows companies to focus their resources and
attention on a specific area or set of customers in order to gain a better understanding
of the market and build a presence in the larger market. Companies can use the
beachhead market strategy to test new products, gain customer feedback, and develop
relationships with customers. Additionally, beachhead markets can be used to identify
potential customers, understand customer needs, and test pricing strategies.
• In summary, beachhead markets are an ideal strategy for companies entering a new
market or launching a new product. This strategy allows companies to focus their
resources and attention on a specific area or set of customers in order to gain a better
understanding of the market and build a presence in the larger market. Companies can
use the beachhead market strategy to test new products, gain customer feedback, and
develop relationships with customers, as well as identify potential customers,
understand customer needs, and test pricing strategies.
•
Types of Beachhead market
• Selecting a market: The first step of the beachhead market strategy is to select a market
that can act as the point of entry into a larger market. Companies need to consider
factors such as the size of the market, the potential customer base, and the level of
competition.
• Focusing resources: Once a market has been selected, companies need to focus their
resources and attention on this specific market. This may include increasing marketing
efforts, implementing customer service initiatives, and developing relationships with
customers.
• Testing products: Companies can use their beachhead market to test their new
products or services. This can help them gain feedback from customers and refine their
product before launching it in a larger market.
• Establishing relationships: Companies can use their beachhead market to establish
relationships with customers. This can help them gain a better understanding of their
market and build a larger presence in the larger market.
•
The conditions necessary for a beachhead market