Business: Local vs. Global?

Question

This compares focusing on local markets and customers versus expanding operations and targeting global markets.
let me know which will win on a fastest scale as possible

Vaibhav · Accepted Answer

I firmly believe it is easier to scale locally if you have a proper hardware product. Globally, a software product is easier because of distribution.

Elena Tsemirava · Answer

I would prefer to start locally and, as we grow, expand to the global market.

Abhra Ch. · Answer

Hey @kilopolki, that's a fascinating topic! 🌍📈 Local markets can provide stability and a strong foundation, while global expansion offers massive growth potential and diversity. Both have their unique advantages and challenges. Personally, I think it depends on the business model and resources at hand which will scale faster. What's your take on it? 😄

Mark Lemuel M · Answer

@vaibhavdwivedi this is true on a starter scale!

Mark Lemuel M · Answer

@abhra_ch yes ofcourse! I took global! but yeah increasing market value will rely on local coz you know that ins and outs of every post you do especially in organic social media growth! I reviewed your product! upvoted it ! hope you can do the same to mine too!

Mark Lemuel M · Answer

@sanja_micic sure enough! especially for starters! followed and reviewed your product! upvoted too! hope you can do mine too!

Answer

Local definitely.

Jayesh Gohel · Answer

Here's a simple answer to the question "Business: Local vs. Global?":
Local business focuses on serving a specific area, like a town or city. Global business operates worldwide.
Local pros:

Know your community well
Easier to manage
Less competition

Global pros:

Bigger market
More growth potential
Diverse customer base

The best choice depends on your goals, resources, and the type of business you have. Some businesses start local and grow global over time.

Mileva · Answer

I believe in local.

Answer

Supporting global business offers numerous advantages. It allows companies to tap into larger markets, diversify revenue streams, and access a broader talent pool. Operating on a global scale can enhance brand recognition and credibility, providing opportunities for exponential growth and innovation through exposure to diverse cultures and perspectives. Additionally, global businesses are often better positioned to adapt to economic fluctuations and geopolitical changes by spreading risk across multiple markets. Embracing global opportunities fosters competitiveness and resilience, enabling businesses to thrive in a dynamic and interconnected world economy.

Answer

i think global is best

Rishiraj Chowdhury · Answer

Hey @kilopolki! 😄 Great topic! It really depends on various factors like the nature of the business, resources, and market demand. Local markets can offer a quicker setup time and less complexity, while going global can lead to larger growth opportunities if executed well. Which one are you leaning towards? 🤔

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Abhra Ch. · Answer

@kilopolki Thank you so much Mark. Your support means a lot. Of Course Mark. You can definitely count me in. Also Launching soon. Get Notified here (https://www.producthunt.com/prod...)

Mark Lemuel M · Answer

@pari_pushpakar yes in escalating growth fast ,,, yes!

Business: Local vs. Global?

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