Market Penetration:
Good companies constantly look for ways to improve how they do
business. Examples of our work in this area include: interviewing
a company's customers to learn what can be done differently, analyzing
margins to learn how to improve profitability, or reworking a
company's promotions to improve the effectiveness of their marketing
and sales efforts.
Market Expansion: Selling a proven product into a new
market requires new information and perspective. You often have
to understand how a completely new type of customer buys and deal
with a host of new competitors and complexities. We help companies
understand the risks involved and craft a realistic plan to sell
into this new market. Often this involves difficult decisions
such as setting up a new sales force or establishing distributors
in a new region.
Product Expansion: Many companies sell new products to
the customer they already have relations with. Often we work with
engineers to ensure a product actually offers something valuable
to customers. We can also work through difficult decisions such
as setting prices and determining an ideal brand image for the
product.
Diversification: This can be the most risky form of growth
because you are selling an unproven product to customers you are
not familiar with. Many times we conduct feasibility studies to
determine whether a venture has potential for profit. Once there
is a commitment, we work through many complex product and customer
decisions described in the market expansion and product expansion
categories. |