Question Paper Business Studies Grade 11 Essays 2019

Marketing isn't what it really was previously. In today's world, more and more companies are doing business in countries worldwide, understanding that means a lot more challenges for professional marketers. If you're planning on expanding your small business in the global marketplace, you need to stay informed on current trends in international marketing so you can pick and choose which would be most beneficial on your company. Here then, are a handful of those trends and a few basic information regarding every one.

Social media. One in the most beneficial tools for today's professional marketers could be summed up by 50 % words: social media marketing. No longer just a tool for sharing pictures of family and cute pet videos, social network sites like Facebook, Twitter, Instagram and much more are actually an undeniably common strategy to market and advertise your products and services worldwide. The power of social websites as being a advertising tool is evidenced through the major league companies that now apply it with impressive results: the likes of Nike, Starbucks, Pampers, NASA, Denny's and many more can verify the fact that social networking remains to be an amazingly effective avenue for marketing services and products worldwide.

Video advertising. Live video streaming can be a feature that has become popular among social networking sites. Using live video streaming for international advertising and marketing efforts is very effective for the capability to give consumers and customers the opportunity to experience a "real-time" event irrespective of where they are on earth. Several companies are finding live streaming becoming a particularly useful approach to conduct question and answer sessions with viewers. This kind of active participation produces a unique connectedness relating to the business as well as customers, greatly enhancing loyalty on the brand on the part of the participants and allowing the viewers to deliver live testimonials regarding the product or service.

AI (Artificial Intelligence). International companies are studying the power of AI to more effectively track and analyze consumer shopping behaviors in countries around the world. This type of information was, until just recently, a very time-consuming and challenging pair of statistics that has been typically only available to the greatest, most profitable companies which have the manpower needed to collect and analyze the outcome. But because of AI, this sort of information will quickly be from the grasp of marketers being employed by every size organization.

Cross-sector marketing. Put very simply, cross-sector marketing refers on the practice utilizing the buzz of other brands to increase the reputation and success of your own. The fast-food industry supplies a good instance of cross-sector marketing at its most elementary level. Studies have shown that fast-food restaurants which are clustered together inside a short distance of just one another report markedly higher sales compared to those in additional isolated locations. This may sound counterintuitive, though the truth is that a number of different fast-food restaurants located within the same few blocks provide the consumer using a tremendous variety of choices and boost the likelihood that shoppers stop to nibble on. Professional marketers project that cross-sector international marketing will end up more commonplace with this coming year, including an increase in strategic partnerships to get a greater level of success for those involved. Marketing is, undeniably, not what it used to be. The fact is that our digital age provides marketing professionals with more opportunities than ever before. Although each one of these trends are important to keep in mind, do not forget that the most crucial aspect of any international strategy is something considerably more basic: you should manage to effectively contact consumers and customers in other countries. And that will mean employing the services of your experienced, professional translator. The first step inside your international marketing efforts can take place today by contacting a reputable translation company and finding the translator that most closely fits your organization's needs.

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