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Successful Cases of Multinational Customer Development
Case description:
An American software company successfully developed a new international customer, established a long-term relationship with the customer, and achieved considerable business growth.
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Analysis of success factors:
1. Market research and positioning:
Software companies conduct sufficient market research before exploring international markets and accurately locate target customer groups. They understand the needs, competition and potential opportunities of the target market and develop targeted marketing strategies.
2. Product customization and adaptation:
Software companies customize products based on the needs of target customers and adapt them to ensure that the products can meet customers' specific needs and market standards. They understand their customers’ pain points and provide solutions through product customization and optimization.
3. Build trust and partnership:
Software companies focus on building long-term trust and partnership with their customers. Through timely communication, honest communication and reliable service, they have won the trust of their customers and established a solid cooperative relationship.
4. Provide value and support:
The software company not only provides high-quality products, but also provides a full range of support and services. They help customers solve problems encountered during product implementation and use, provide training and technical support, and enhance customer satisfaction and loyalty to the product.
5.Continuous follow-up and optimization:
The software company continues to follow up during the cooperation process and conduct product optimization and improvement based on customer feedback and market changes. They always pay attention to customer needs, adjust strategies and directions in a timely manner, and ensure a good cooperative relationship with customers.
in conclusion:
Through the combined effect of the above success factors, this American software company successfully developed a new international customer, established a long-term and stable cooperative relationship with it, and achieved considerable business growth. This case shows that in-depth understanding of the target market, product customization and adaptation, establishment of trust and cooperative relationships, provision of value and support, and continuous follow-up and optimization are key factors for the success of multinational customer development.
24/04/19
What to do After 10 Years of SOHO, Orders are Downhill?
When SOHO (Small Office/Home Office) business orders decrease and performance declines, it is important to consider measures to address the challenge and revive the business.
1. Market research and analysis
Re-evaluate target market to understand changes in customer needs and competitive trends. Conduct market research to determine if there is a need to reposition products or services and identify new growth opportunities.
2. Product or service innovation
Based on the results of market research, innovate or improve existing products or services to meet new customer needs or pain points. This may require the development of new product features or the provision of additional value-added services.
4. Expand customer base
Actively seek out new customers and expand your customer base by attracting new customers through marketing activities, online promotions, and participation in industry exhibitions.
5. Find partners
Consider establishing cooperative relationships with other companies or institutions to jointly carry out cooperation in marketing promotion, product innovation, etc., to expand business influence and market share.
6. Reduce costs
Review business operating costs and identify ways to reduce costs, including streamlining organizational structure, optimizing resource allocation, reducing fixed expenses, etc., to improve profitability. Monitor business data and metrics.
7. Strengthen marketing and brand promotion
Enhance brand exposure and increase marketing efforts, including strengthening online and offline publicity, enhancing brand influence, and increasing market visibility.
8. Track business data and metrics
Set clear business goals and indicators, and regularly track business data to identify problems in a timely manner and make adjustments and optimizations.
9. Employee motivation and training
Motivate employees, improve their work efficiency and quality, and improve their professional capabilities and service levels through training.
10. Seek external consultation and support
If necessary, you can seek support and advice from professional consulting firms or industry associations to jointly explore solutions and formulate development strategies
By implementing the aforementioned measures, the SOHO business can effectively address the challenges of reduced orders and business decline, revitalize the business, and achieve sustainable growth.
24/04/17
In-depth Analysis of a Failed Foreign Trade Customer Development Case
A foreign trade company attempted to develop a new international customer but ultimately failed despite investing significant time and resources.
In-depth analysis
1. Insufficient market research:
The failure can be attributed to insufficient market research. Foreign trade companies may not conduct enough in-depth research on the target market, leading to a lack of understanding of the needs, preferences, and behaviors of their target customers, as well as their competitors. Inadequate market research can result in a misunderstanding or neglect of customer needs, leading to less successful sales efforts.
2. Poor communication:
Effective communication is crucial in the customer development process. If a foreign trade company fails to communicate effectively with potential customers, it will be difficult to establish a good business relationship. Poor communication and an inability to effectively convey the value of the product or service may result from language barriers, cultural differences, or improper use of communication tools.
3. Product or service mismatch:
A product or service mismatch may occur when the offerings of a foreign trade company do not align with the needs of target customers. The product may have insufficient features, be too expensive, or have a long delivery time, causing customers to hesitate to purchase or cooperate. Before seeking new customers, it is important to ensure that the product or service meets their needs and expectations.
4. Lack of continuous follow-up:
Developing new customers requires not only initial contact and communication, but also ongoing follow-up and relationship maintenance. Foreign trade companies should maintain consistent follow-up with customers to avoid interrupting contact and losing cooperation opportunities. This builds trust and rapport, increasing the chances of a successful transaction.
5. Influence of competitors:
In the foreign trade market, the presence of competitors can impact customer development. Competitors may offer similar products or services and use more appealing marketing strategies, which can attract customers and reduce opportunities for the foreign trade company. It is crucial to understand your competitors' actions and develop a competitive strategy accordingly.
To summarize, failure in developing foreign trade customers may result from various factors, including inadequate market research, ineffective communication, product or service mismatch, insufficient follow-up, and competition. To increase the success rate, foreign trade companies should conduct a thorough analysis of these factors and develop corresponding improvement strategies and measures.
25/03/25
Tentenso Trade Docking at Canton Fair
Welcome to Canton Fair - Asia's largest trade event!
The Canton Fair (China Import and Export Fair) is China's largest and oldest comprehensive international trade event and ranks among the top global exhibitions, with exhibitors covering many well-known brands around the world. The scale of the exhibition, the scale of merchants and the scale of transactions all rank among international exhibitions.
Whether you are a buyer looking for global business opportunities or a seller wanting to showcase your products and services, Canton Fair is a business platform you can't miss.
Looking at the new trade docking policy, it will implement the spirit of the Central Economic Work Conference in 2024, expand high-level opening up to the outside world, solve important and difficult issues in foreign trade and economic cooperation, and further consolidate the foundation of foreign trade and foreign investment; Proactively dock with high-standard international economic and trade rules and strive for a wider market with a high-level system; accelerate the integration process of domestic and foreign trade to form internal and external integrated development; jointly build the "Belt and Road" with high quality and create an all-round opening-up pattern, complementing the Canton Fair!
With its wide range of exhibits, efficient trading platform and rich business resources, the Canton Fair has attracted the participation of buyers and suppliers from all over the world, building an important bridge for economic and trade exchanges between China and the rest of the world, and giving enterprises the opportunity to establish contact and cooperation with potential partners from all over the world.
It not only has a professional business negotiation area to provide enterprises with a place for in-depth communication with potential customers and partners, but also allows enterprises to attract the attention of potential customers and partners by displaying products and services in the booth area of the Canton Fair. Through the cooperative promotion services of the Canton Fair, enterprises can cooperate with other enterprises to launch joint marketing activities, product packaging, brand promotion and other cooperative projects to jointly expand market share, enhance brand awareness, find partners and jointly achieve mutually beneficial and win-win development goals.
We sincerely invite you to visit the Canton Fair to jointly explore markets, deepen cooperation and share development opportunities! Tentenso looks forward to working with you to create a better tomorrow!
25/03/25
New Benefits for the Canton Fair
Scan the QR code to get 10 free business opportunities!
24/04/12
Case Study: Social Media Customer Development
Social media customer development is the process of attracting, interacting and developing potential customers through social media platforms. Here is a case study of social media customer development.
Case Background
A health food company wanted to expand their customer base and increase brand awareness through social media platforms. Their goal was to appeal to the younger demographic, especially those concerned with healthy lifestyles.
Strategy and Implementation
1. Positioning the target audience
The company first identified the target audience, including characteristics such as age, gender, and interests. They found that young people are more inclined to use visual content platforms such as Instagram and TikTok.
2. Content strategy
The company developed a content strategy to publish cooking videos of healthy food, healthy living tips, user stories and other content to attract the attention of the target audience.
3. Interaction and Engagement
The company actively interacts with fans by replying to comments, sharing users' photos and videos, and organizing regular interactive activities, such as lucky draws and quizzes, to increase user engagement.
4. Cooperation and Influence
The company cooperates with influencers in the field of healthy living and invites them to publish content related to the company's products to expand brand influence.
5. Data Analysis and Optimization
The company regularly analyzes social media data, such as follower growth, interaction rate and other indicators, and optimizes content and interaction strategies based on the data.
Results and Gains
Through the implementation of social media customer development strategy, the company achieved a series of significant results.
1. Follower growth: The company's social media follower base increased significantly, especially on Instagram and TikTok.
2. Increased Brand Awareness: The company's brand awareness increased among its target audience, and more people began to pay attention to and understand the company's products and concepts.
3. Increased sales: The sales of the company's products are also increased through the social media platforms, bringing business value to the company.
4. Increased User Engagement: The company's social media campaigns received active participation from users, and user interaction increased significantly.
Summarize:
Through its social media customer development strategy, the company successfully attracted the youth demographic and increased brand awareness, achieving good market performance. This case illustrates the importance of social media in customer development and brand promotion in today's digital age.
24/04/15




