Marketing a Business in Mexico
Recent forum posts
Hi:I'm interested in starting a small business in Seoul, South Korea that would sell one signature food item ~ one that the South Koreans will go crazy for. I'm interested in getting information regarding start up costs, how to obtain a business license, as I am an American citizen, how to rent a small restaurant space and whether or not it would be more beneficial to go in with a Korean busi
Total Posts: 3 Last post by dianaeddie
Dear Sir / Ma'amI am looking to start a new trading business .Like most start ups my I have low caputal, however I am looking for opportunities with African countries that are high growth and start business relation and trading set up fo with these countries. Could you advise the way I can go about doing this and which countries and persons I could target / approach. Thanks!
Total Posts: 2 Last post by innompila
Marketing a Business in Mexico
The international transition of a business is more than just costs and procedures. It's more cultural acclimatisation than calculatory acumen. It's making sure your product or service fits the inclinations and idiosyncrasies of a nation; finding a way to culturalise your business in order to reap the same results your business has achieved domestically. This is accomplished through one simple step: effective marketing.
Marketing your business on indigenous soil is an art-form in itself; attempting to do it overseas is nigh-on miraculous. Countries may be becoming more heterogeneous, but the foundations of a culture rarely budge for anything: their sensitivities, traditions, humour, discourses, protocols are essentially unchanging and stubbornly unaccommodating. Therefore, the identity of your product or service needs to seamlessly fashion itself upon a nation, not the other way around, shoehorned in, hoping for the best.
Advertising and Sales promotions in Mexico
According to data provided by the National Chamber of the Publishing Industry, more than 420 newspapers and 1600 magazines are published in Mexico. Many magazines are industry-specific.
Advertising in Mexican print media is usually more expensive than in the UK. Advertising rates are generally commensurate to those of large international cities.
Advertising on billboards is also common in Mexico. There are more than 100 billboard companies in Mexico offering various kinds of billboards, ranging from plain paper billboards to electronically controlled billboards.
According to data provided by Medios Publicitarios Mexicanos, there are over 130 advertising agencies, 40 market research companies, 8 direct mailing companies, 20 sales promotion agencies and 8 direct marketing agencies.
Cultural sensitivity and understanding of protocol is paramount to effective marketing. The intricacies of a nation its beliefs, even its superstitions can make or break your business. Know the market; immerse yourself in it. Never assume your marketing strategy will be transplantable to a foreign country. There is only a slim chance language will translate well. Anglophonic countries may be susceptible, but if your product or service plays on a quintessentially British characteristic or joke the chances are, it will not be well received.
As for other countries, don't bank on using the same strap-lines or gimmicks. Unless they are perfectly transitional, your product or service could suffer especially if it relies on humour.
Unless you are certain your product or service can sell itself on indigenous merits, it is probably wise to revise its selling-points for a foreign market. As always, however, only your own fastidious research can conclude this.
Who is starting marketing in Mexico must bear in mind that the centre of the social structure in the country is the family. Mexicans consider it their duty and responsibility to help family members. For example, the will help find employment or finance a house or other large purchase. Most Mexican families are extremely traditional, with the father as the head, the authority figure and the decision-maker.
Mexican society and business are highly stratified and vertically structured. Hierarchical relationships means that people respect authority and look to those above them for guidance and decision-making. Rank is important, and those above you in rank must always be treated with respect.
'Machismo' is the Spanish for 'masculinity'. Even if things are changing it still marks the Mexican society. It means Mexican males generally believe that nothing must be allowed to tarnish their image as a man. Making remarks to women should not be seen as harassment.
Organisations that can assist with Marketing a Business
As the world's #1 domain registrar, GoDaddy makes it simple for you to get on the Web and successfully accomplish your goals.