If you aren’t selling your products in foreign markets yet, you could be missing out on the biggest consumer buying trend the world has seen since the advent of eCommerce. Online shopping is now considered a norm in the culture of many countries, with several foreign markets now leading the pack year-over-year in eCommerce sales. As the rising usage of smartphones and tablets for purchasing continues to add fuel to this fire, Payscout is counseling its merchants to jump on the global bandwagon, and take advantage of all these emerging interests.
The practice of online selling has come far from where it began; as a simple, online ordering page for local pizza delivery. Today, anyone can order a gourmet pizza from New York, and request it be delivered anywhere in the world! Of course, pizza is only one of the many millions of products available for purchase online today, and the eCommerce ecosystem is still gaining strength. Online sales have been tagged by research experts and economists alike as today’s driving force behind retail growth, and consumers continue to favor eCommerce more every year as a preferred method for doing business. Online sales worldwide are predicted to grow exponentially in the coming years, with eCommerce revenues expected to reach 1.6 trillion by the end of 2015.
Moreover, countries which once were closed to online business or operating under stern eCommerce restrictions are now beginning to embrace online commerce. Even several of them who’ve been thought to be nearly impenetrable have now stepped into a lead role as global eCommerce frontrunners. Countries such as Brazil and China, which have traditionally been difficult regions for establishing turn-key online sales programs, are now being named rapidly emerging global markets for eCommerce and mCommerce sales by economic experts.
This is opening doors to many enterprising U.S. merchants who have been considering when and how to take their business model global. With its multi-country presence, and a firm commitment to supporting the entrepreneurial dream one transaction at a time, Payscout is well positioned to help these companies learn the lay of the land and successfully launch into emerging foreign markets.
Offering merchants the benefits of a unique cultural empathy and an established footprint in many of these markets, Payscout’s deep cultural awareness and insights have enabled many merchants to set-up and run turnkey eCommerce operations in global economies. With years of experience resolving both real and perceived barriers to entry in foreign commerce markets, Payscout will expertly guide merchants through the process and to the resources for easily navigating regulatory, exchange, language, risk, and compliance matters. Thereby, ensuring a client is up-and-running in a foreign market and selling to consumers quickly, efficiently and seamlessly.
If you are ready to explore whether your company is suited to sell on the global commerce frontier, Payscout has representatives standing by to help you research each foreign market, and determine best practices for launching a branded product presence there.