Understand from experts regarding how to enter into the market
When a company decides to enter into a new market or industry, there is always a dilemma to choose the right path; be it setting up of dealer-distributor network, direct exports, partnerships or alliances. Bonafide Research helps client in selecting the most profitable business model in this global environment. Expanding into a new market is a disciplined process to accurately assess the potential of each opportunity, because a bad bet can bog down your business. Investing the appropriate level of resources in market analysis, selection and entry method can create a foundation for success in the chosen market. Our experts are here to help you through the entire process of market analysis to make your entry strategy a foundation for your success.
Clearly defining your market may seem like a simple step, but before you identify who do you want to sell your products to, it is important to understand their needs. We consider demographics, location and common interests/needs of your target customers. Bonafide Research develops an in-depth understanding of market growth rates, forecasted demand, competitors and potential barriers to entry, which is particularly important in entering a relatively undefined market.
Bonafide Research also helps in assessing your internal skills, as much of the decision on how to enter a new market depends on your internal capabilities. We try to leverage your core competences to decide the proper way to enter into the market weather its organic, JV, Alliance, M&A etc. At the end we check with the feasibility, suitability and acceptability with each of the strategy.