By hfleishman@hubspot.com (Hannah Fleishman)

Guess what? Global marketing is no longer reserved for brands with deep pockets, nor is it a huge hassle for marketing managers who handle all marketing efforts.

In fact, a global presence is possible for any business with a creative strategy and an understanding of world markets. Let’s go over what a good global marketing strategy looks like and the best examples worldwide.

What Is Good Global Marketing?

Global marketing is the act of focusing a product on the needs of potential buyers in other countries.

Like most types of marketing, though, a global marketing strategy comes down to one thing: audience. Knowing who needs your product, what form they need it in, and how to market it in a way that strengthens the brand are core ingredients of awesome global marketing.

Typically, a global marketing strategy requires a business to do new market research, identify countries where the business’s product might be successful, and then localize the brand to reflect the needs of those communities. However, localization is not always necessary. Some brands adopt a global standardization strategy instead.

No matter where you visit those brands, the experience and imagery is virtually the same.

In contrast to localization, where there’s a more differentiated marketing approach to each market, global standardization provides significant cost benefits as a result of less messaging and fewer campaigns.

However, the key is in knowing when a global standardization strategy will be effective. Because it banks on a universal appeal despite cultural or locational differences, you’ll need to research whether customers use or think about your products differently depending on their market. If there’s no difference between the usage and understanding from country to country, a global standardization approach is practical.

Choosing localization or global standardization is one aspect of creating a great global marketing strategy.

To give you an idea of what a great global marketing strategy looks like, we’ve compiled a list of brands that totally “get it.”

From adapting their social strategies to translate across multiple languages to adjusting their menus to appeal to the cravings of a diverse group of people, these brands are taking positive steps toward creating a solid presence across the globe.

So, if you’re looking for inspiration on how to craft a successful international marketing strategy and expand your business’ reach, check out these examples from the world’s most successful companies.

1. Red Bull

Austrian company Red Bull does such a great job with global marketing that many Americans assume it’s a local brand. How?

One of its most successful tactics is to host extreme sports events all over the world. From the Red Bull Indianapolis Grand Prix to the Red Bull Air Race in the United Kingdom to the Red Bull Soapbox Race in Jordan, the brand’s powerful event marketing strategy takes them here, there, and everywhere.

Aside from events, Red Bull’s packaging also plays a part …read more

Source:: HubSpot Blog

Author: Aaron