5 rules of international expansion By Danica Brinton Director, International Strategy and Localization, Linden Lab Consultant, Apple, Inc. Scope New technologies and new media iPod iTunes Ask.com Second Life iPhone Rule 1: Plan well – select target markets • Opportunities / threats • PR ecosystem • Potential partnerships • Social policies, geo-political situation, culture • TM • Labor laws • Licenses • Tax system • Currency • Banking / payments Market research Current penetration Local Regulations Rough LOE • Brand awareness • Brand perception • User base • Domain name • Any existing partnerships • How hard is it to localize your product? • Scope? • Expertise? New markets in the new media Traditional Tier 1 markets: France Japan Germany Canada Traditional Tier 2 markets: Spain Netherlands Italy Australia Traditional Tier 3: Denmark Finland Norway Sweden China, Hong Kong Korea New high-tier contenders: China India Brazil Turkey Poland Portugal Arab world Malaysia Russia Mexico Argentina Chile Colombia Israel Indonesia Hungary Czech Republic Greece Romania Rule 1: Plan well – business plan for selected markets Deep market analysis • Competitors • GTM strategies for other global entrants • Future market potential • Segmentation • Investment level / ROI • 2-yr plan Company-wide commitment • Resources • Processes • Budget Rule 2: Focus on your product! • Attractive to global audience? • Attractive to specific market audience? • Monetization model / pricing • Tracking Features Documentation • Customer Service? • Help Process Resources • Roadmap? • Globalized PRD’s? • Maintenance Plans • Organization • Development Resources Local payment methods and local currency Boleto Bancário BPay Carte Bleue Cash (through the mail) cashU CertaPay (Interac) Check (by fax) Click2Pay Visa, MasterCard, American Express Diners Debit Card myCitadel Wallet NextPay Nordea Paymate PayPal PayPoint paysafecard Paysbuy POLi Recurring Direct Debit RuPay TravelersExpress MoneyGram Easecard Ecapay eCheck (one-time direct debit) eNets via Moneybookers EPS/Netpay Ficha RAP by ACTeCASH Giropay hyperWallet iDeal ING Home’Pay INOCard InstaDebit JCB Laser card Maestro Mister Cash Mobillcash -- mobile phone billing MOLePoints Money Order or Cashiers Check by Mail Moneybookers Moneymail UAH iMoney UDPay WebMoney Transfer Western Union QuickPay Yandex Money Ultimate Game Card™ Bank Transfer Direct Debit Th!s Todito Cash Wallie-card IPS Snap Sofortüberweisung Solo Ukash Visa Delta/Debit Visa Electron Rule 4: Internationalize! Product architecture: - Databases - Platform - Framework - Localizable strings - Server-side messaging Website: Infrastructure: -Data centers Presentation layer: - UI design - Content editorial - Design - Packaging - Navigation - Collateral - Cookies, - Settings - SEO Rule 4: Localize well! Tier system / Per-locale ROI Inventory of localizable assets Start small Monitor process Localization Model Community Groups or Solution Providers? Content editorial Fully localized experience Rule 5: Engage your influencers Bloggers, TV personalities, Industry Pundits, industry-specific publications Main-stream media with globally relevant case studies Trade shows, conferences Local representation / PR agency Early adopters Free trial, sweepstakes, contests Product placement In summary Plan well Focus on Product Internationalize your offering Localize your offering Engage your influencers Q&A Danica Brinton Director, International Strategy and Localization, Linden Lab Consultant, Apple, Inc. Danica@LindenLab.com