Tag: business expansion
Planning for Growth: How to Expand Your Australian Business in the US Market with Marketing Eye
Expanding your business into new markets is an exciting but challenging endeavour, especially when venturing into a vast market space like the United States. With its diverse consumer base, complex regulatory norms and fierce competition, the US market presents both opportunities and obstacles for Australian businesses looking to expand their reach. However, if you have the right partner by your side, manoeuvring the US market successfully and growing your business will become much easier.
Same bed, but it feels a little bigger now
What started out as a step to expand the international footprint of our brand, has taken on a whole new dimension. Australia and America have long been tied and now more so than ever. The ebbs of the economy has led to an opportunity for Australian companies that are geared for expansion to leverage the strength of the Australian dollar, and affordable set up costs in the US market without breaking the bank. The downside, is US dollars are not worth as much, as the dollar loses its grip on parity.
Historically, Australian companies that have expanded into the US have benefited immensely from foreign exchange rates. After the initial shock of start up costs, companies see the silver lining of building businesses in the US and bringing US dollars back to Australian shores.
Same bed, but it feels a bit bigger now
"Same bed, but it feels a bit bigger now" is the lyrics in the famous Bruno Mars song "When I was your man". An apt description of Marketing Eye's business expansion into the US market. It's the same company, but its a bit bigger now.
What started out as a step to expand the international footprint of our brand, has taken on a whole new dimension. Australian and America have long been tied and now more so than ever. The ebbs of the economy has led to an opportunity for Australian companies that are geared for expansion to leverage the strength of the Australian dollar, and affordable set up costs in the US market without breaking the bank. The downside, is US dollars are not worth as much, as the dollar loses its grip on parity.