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Packaging
Information
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When
Should You Redesign Your Package?
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by
Laurel Delaney
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You've
selected a target country for your brand's expansion.
How do you determine whether to redesign your package
for that new market?
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These
tactics can provide answers:
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Know the competition. Study packages of competing
products in the target country. Observe successful
packages and those that don't resonate with the local
consumers.
- If
you cannot visit the country and scan store shelves
yourself, contact the American Embassy. The government
may provide help in determining which products are
comparable to yours.
-
Determine the feasibility of extending to a new country
by estimating whether anticipated sales will outweigh
the expense. Another point: How long will it take
to recover your product adaptation costs?
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You may find it more realistic at first to export
your products to countries that will accept them "as
is." You can expand later.
- But
focus on the long term. If you're willing to make
strategic changes, you can open the doors to more
international markets. The risk is minimal, compared
with the risk of maintaining the status quo.
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