Are you planning to penetrate the Indian market? Are you strategizing on how to expand your business in India? Well! What if we say the right time is right now?
The festive season has already started in India, which is more than mere celebrations for the people across the nation. In a diverse country like India, where people follow different cultures, speak varied languages, and follow different norms, festivals are such times that bring them together, connecting on the same emotional sentiments. These are times when every individual plans for festive shopping, be it online or offline. No wonder there is a spike in consumer spending by approximately 20–30% in India during festivals like Navratri, Diwali, and Eid. Moreover, this makes this auspicious time perfect for businesses to enter the Indian marketplace or expand their reach to the local areas of the country.
In this blog, we will delve deeper and share some tips to help you make your idea of growing a business in India successful. But first, let’s discuss the challenges that brands face during their product launches or business promotions in India.
Challenges Businesses Face While Expanding Their Reach in India?
India has a huge population mixed with people of different cultures and backgrounds. Each region, state, and district has cultural, linguistic, and economic variations. The “one-size-fits-all” strategy does not work in India. However, understanding and adapting to the cultural imperatives of your target consumers could be the key to sustainable business expansion in the country.
- Language Barrier
The biggest challenge when penetrating the Indian marketplace is the communication gap. For the brand’s expansion, clear communication is vital in reaching its target audience and making its message comprehensible to consumers. However, in a diverse country like India, where people speak numerous languages and have different dialects, limiting your brand’s language to one would not help you achieve your goal. Moreover, while targeting a rural area where people prefer speaking their native language, your brand must communicate in their language to connect with them and make them understand your products or services usage. - Target Audience’s Preferences
Consumer preferences vary significantly across regions. Whether it is about their day-to-day essentials or festivities’ special demands while purchasing, their tastes, priorities, and requirements differ from one to another. Therefore, keeping updated with the preferences of a diverse population becomes another essential factor to look after for foreign business expansion in India. - Price Sensitivity
Pricing of the products as per the target region is often overlooked by businesses. However, price sensitivity becomes one of the major reasons for a brand not to be able to make much profit. Like the diversity in people’s languages from one region to another, there is also diversity in their living and purchasing styles. And, selling products in the same price range to all areas of the nation would not yield as promising results. Moreover, keeping the right pricing as per the region and its consumers’ spending range is crucial for any business to launch its products or expand its reach in India. - Creating Brand or Product Awareness
Creating awareness about your brand and increasing its visibility among your target audience is the most important and challenging. If you are a company planning to set foot in the Indian marketplace or expand to the local areas of the nation, making people aware of your brand, its objectives, values, and product offerings is not going to be an easy task. Moreover, reaching people and spreading your brand awareness to those purchasing or using some other brand’s products for a long time will require an easily approachable, engaging, and persuasive way. - Cultural Sensitivity
Last but not least here is cultural sensitivity. People in India are deeply rooted in their traditions and cultures, and offending their sentiments in any way could be a big disadvantage for your brand. However, to win your consumers’ trust in your products, respecting their traditions and religious practices is crucial. This will not just increase your brand’s visibility but also help you build long-term relationships with your customers.
Significant Tips to Leverage Your Business Growth in India
India has a diverse and rapidly growing economy that offers immense opportunities for growth and expansion to businesses. While overcoming the challenges is important to penetrate the Indian marketplace, there are some other factors as well that could help you expand your brand reach in India.
Following are some significant tips from our professionals that you could use to leverage your business in India.
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- Incorporate localization techniques to connect with target consumers
- Use culturally related marketing strategies
- Gain consumers’ trust and reliability by respecting their cultural and festive sentiments
- Use bite-sized videos to share impactful and engaging content
- Understand the market insights of your target area
- Run engaging promotional campaigns
- Offer attractive deals and discounts, especially during festivals
- Adopt a mobile-friendly approach for spreading your business-related instructions and information
- Analyze consumers’ behavior trends
- Must understand and stay updated with societal and cultural norms
Conclusion
Understanding and adapting to the cultural imperatives is the gateway to sustainable business expansion in India. Moreover, approaching culturally aware ideas establishes meaningful connections and paves the way for sustainable growth and expansion in this diverse country.
So, if you are a business owner looking to launch your product or promote your business in India, ensure you use compelling approaches, tips, and techniques to succeed. Furthermore, if you need any assistance, feel free to contact Lexiphoria. We offer holistic solutions to brands to help them expand their business in India through insights, data, tips, strategies, and more. We are also experts in creating bite-sized content in local languages that is short, focused, flexible, and culturally relevant.
What are you waiting for? Dodge your doubts, and let’s talk about growing your brand reach in India.