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Market Entry Consulting Services for Demystifying Consulting Firms: Methods, Processes and Cases

2024-07-18 17:47:17 Source: Champ Consulting Visits:0

Market entry consulting service refers to a professional service provided by a consulting firm to help clients analyze the opportunities and risks of the target market, formulate appropriate market entry strategies and programs, and assist clients in implementing market entry plans. This paper introduces the main methods, processes and cases of consulting firms providing market entry consulting services, and takes Champ Consulting as an example to demonstrate their professional capabilities and successful experiences in the field of market entry consulting.

Market entry consulting service refers to a professional service provided by a consulting firm to help clients analyze the opportunities and risks of the target market, formulate appropriate market entry strategies and programs, and assist clients in implementing market entry plans. Market entry consulting services involve many aspects, including industry analysis, competitiveness assessment, target customer identification, channel selection, pricing strategy, marketing planning, organizational structure design, human resource planning, etc. Market entry consulting services can help clients effectively reduce the cost and risk of market entry, improve the speed and efficiency of market entry, and enhance the sustainability and competitive advantage of market entry.

The main methods of market access to consulting services are as follows:

Market research: by collecting and analyzing the relevant data and information of the target market, we can understand the market scale, structure, trend, demand, competition, etc., and provide valuable insights and suggestions for customers.

Market simulation: by establishing mathematical models or computer simulations to simulate the possible performance and results of customers in the target market, to evaluate the advantages and disadvantages and impact of different market entry options.

Market testing: by small-scale or limited-term product or service promotion in the target market or similar markets, testing customer response and acceptance, collecting feedback and data, and optimizing market entry programs.

Market implementation: by coordinating and managing the customer's activities in the target market, including product or service launch, channel construction, marketing promotion, customer service, etc., to ensure the smooth implementation and achievement of the market entry plan.

The general process of market entry consulting services is as follows:

Determine project objectives and scope: communicate with customers to clarify the objectives, scope and expected results of the project.

Collect and analyze data: according to the project needs, collect and analyze the relevant data and information of the target market, including macro environment, industry situation, competitive pattern, consumer behavior, etc.

Formation and evaluation of solutions: Based on the results of data analysis, formation and evaluation of different market entry solutions, including target segmentation, positioning strategy, product or service design, channel selection, pricing strategy, marketing planning, etc.

Propose and present recommendations: based on the results of the program evaluation, make the best market entry recommendations and present them to the client in the form of a report or presentation, explain the logic and rationale of the recommendations, and answer the client's questions and feedback.

Assist and supervise the implementation: according to the customer's decision and requirements, assist and supervise the customer's market entry implementation in the target market, including providing technical support, training guidance, risk control, effect evaluation, etc.

Specific examples of market entry consulting services are the following:

The market entry consultation of an internationally renowned fast-moving consumer product company in the Chinese market: The company is one of the world's leading fast-moving consumer product companies, with multiple well-known brands and products, and a high share in multiple markets around the world. The company hopes to launch a new skin care brand in the Chinese market to capture the growing demand for beauty skin care products from Chinese consumers. The company commissioned Champ Consulting to provide market entry consulting services. Through in-depth research and analysis of China's skin care market, Shangpu Consulting has provided the following suggestions for the company:

Target Segmentation:25-35This is a market segment with strong spending power, more attention to the quality and effect of skin care products, and willing to try new brands and new products.

Positioning strategy: take "natural, safe and effective" as the core value of the brand, highlight the characteristics of natural ingredients, safety and no stimulation, effectively improve skin problems, and form differentiation with other similar products.

Product design: According to the skin characteristics and needs of Chinese consumers, design a series of products suitable for the Chinese market, including cleansing, toning, lotions, creams, essences and other products with different functions and specifications.

Channel selection: take the e-commerce platform as the main channel, take advantage of the flow advantage, price advantage and user reputation advantage of the e-commerce platform to quickly open the market and establish brand awareness. At the same time, by opening offline experience stores or cooperating with other offline channels, increase product exposure and experience, and improve user trust and loyalty.

Pricing strategy: adopt medium and high-end pricing strategy, determine a reasonable price range according to the cost, quality, effect and other factors of the product, and make flexible adjustments and concessions according to different channels and periods.

Marketing planning: use a variety of marketing means and channels for brand promotion and user drainage, including social media, live broadcast, content marketing, word-of-mouth marketing, event marketing, etc. At the same time, through the establishment of membership system, points system, coupon system and other ways to increase the user's stickiness and re-purchase rate.

After providing the company with a detailed market entry report, Shangpu Consulting also assisted and supervised the company's market entry implementation in the Chinese market. The company has achieved good results in the Chinese market, successfully built a new brand with high visibility and reputation, and gained good user feedback and reputation.

The market entry consultation of a well-known domestic Internet company in the Southeast Asian market: the company is one of the leading Internet companies in China, with a number of well-known applications and platforms, and a large user base and market share in China. The company hopes to launch a new social e-commerce platform in the Southeast Asian market to capture the rapid growth and huge potential of the Southeast Asian market. The company commissioned Champ Consulting to provide market entry consulting services. Through a comprehensive research and analysis of the Southeast Asian market, Champu Consulting has provided the following suggestions for the company:

Target Segmentation:18-35Young people at the age of 18, this is a market segment with strong spending power, interest in social e-commerce, and like to try new things.

Positioning strategy: to "enjoy, Tesco, Lemake" as the core value of the brand, highlight the entertainment, convenience and profitability of the platform, and form differentiation with other similar platforms.

Platform design: According to the preferences and habits of Southeast Asian users, design platform functions and interfaces suitable for Southeast Asian markets, including different modules and elements such as social functions, e-commerce functions, live broadcast functions, and game functions.

Channel selection: take the mobile terminal as the main channel, take advantage of the popularity, portability and interactivity of the mobile terminal to quickly attract and retain users. At the same time, through cooperation with other online or offline channels, increase the platform's exposure and credibility, and expand the user base.

Pricing strategy: Adopt a low-price strategy, determine a reasonable price range based on factors such as the cost of the platform, the price of competitors, and the user's willingness to pay, and make flexible adjustments and discounts according to different modules and periods.

Marketing planning: use a variety of marketing means and channels for platform promotion and user drainage, including net red cooperation, content marketing, word-of-mouth marketing, activity marketing, etc. At the same time, through the establishment of distribution system, rebate system, points system and other ways to increase user participation and income.

After providing the company with a detailed market entry report, Champ also assisted and oversaw the company's market entry implementation in the Southeast Asian market. The company has achieved remarkable results in the Southeast Asian market, successfully building a new platform with high visibility and influence, and gaining good user feedback and reputation.



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  • July 07, 2020, Shangpu Consulting received a satisfaction evaluation sheet from the customer's "Lithium Battery Enterprise Sales Strategy and Production Cost Research Project. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

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  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from a customer for "A Brand in an Industry Leading Sales Research Project for Three Consecutive Years. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

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