In the ever-changing global business landscape, B2B export market research is essential for companies aiming to expand their international business. It helps companies understand market trends, customer needs, and the competitive landscape, which is essential for making informed decisions and achieving sustainable growth.
According to a recent survey, about 70% of businesses that conduct thorough market research before entering new export markets are more likely to succeed. Market research can help you identify potential target customers, understand their pain points, and tailor your products or services to their specific needs. This will not only increase your chances of making sales but also help you build long-term relationships with your customers.
There are several effective methods for conducting B2B export market research.
1. Industry reports and database analysis
Use industry reports published by professional market research organizations (such as Gartner, IDC, etc.) to obtain macro information such as the industry size, growth trends, and major segments of the target market.
Through AB customer customs data , we can analyze the import data of the target market countries or regions, including import amount, import product categories, major import source countries, etc., to understand the size of market demand and the competitive landscape.
2. Online research
Search for keywords related to the target market on search engines (such as Google) and industry forums to learn about popular products, consumer trends, policy and regulatory changes in the local market, etc.
Study the product features, pricing strategies, customer reviews, etc. of competitors on the local mainstream e-commerce platforms in the target market (such as local versions of Amazon, Lazada, etc.) to obtain first-hand market competition information.
3. Participate in industry exhibitions and seminars
By attending industry exhibitions in the country or region where the target market is located, you can directly observe the product displays and technology applications in the local market, have face-to-face communication with potential customers, competitors and industry experts, and understand market trends and demands.
Pay attention to industry seminars and forums to learn about the latest technology trends, policy interpretations and market forecasts in the industry, while expanding your network of contacts.
4. Field investigation
If conditions permit, send a business team to the target market for field investigation. Observe the local business environment, consumption scenarios, logistics and distribution, etc., establish contacts with local industry associations and chambers of commerce, and obtain more in-depth market information.
AB Customer is a powerful market research tool that provides a range of features to help companies conduct comprehensive market research. It has a huge database of potential customers, allowing you to quickly identify and target ideal buyers. With AB Customer, you can filter customers based on a variety of criteria such as industry, company size, geographic location, and purchasing power. This can significantly improve your marketing efficiency and help you focus your resources on the most promising potential customers.
In addition, AB客 also provides real-time market intelligence, including market trends, competitor analysis and pricing information. This enables you to maintain a competitive advantage and make strategic decisions. For example, you can track your competitors' marketing activities and adjust your own strategies accordingly.
It is very easy to conduct market research using AB Customer.
First, log in to the AB customer platform and identify your target market. You can use the advanced search function to narrow your search based on your specific needs. Once you have identified potential customers, you can view their detailed profiles, including contact information, company background, and recent activities.
Next, you can use AB客's communication tools to contact these potential customers. You can send personalized messages, product catalogs, and promotional materials. AB客 also provides analytical tools that allow you to track the effectiveness of your marketing campaigns, such as open rates, click-through rates, and conversion rates.
Let's look at a real case. A small Chinese manufacturing company wanted to expand its European export business. By using AB客, they identified more than 100 potential European customers within a week. They sent personalized product proposals to these customers and received positive responses from 30% of them. In the end, they signed contracts with 10 new customers and significantly increased their export revenue.
In short, B2B export market research is a key step for companies to succeed in international markets. By using comprehensive research methods and powerful tools like AB Customer, you can accurately identify target customers, understand market dynamics, and improve your competitiveness.
Looking ahead, the global B2B market will continue to grow, driven by technological advancements and increasing globalization. To stay competitive, companies should continue to invest in market research, adapt to changing market trends, and make full use of innovative tools such as AB客. Start your market research journey now and use AB客 to take your B2B export business to new heights!