Selling online has enormous advantages over a traditional business model.The main one is the ability to be instantly global, in the sense that your website can be accessed by anyone, anywhere, anytime. However, very few e-businesses take a global approach from the outset or even seriously consider harnessing this potential once they have reached scale in their home market. (more…)
We’ve expanded Web-Translations and opened an office in Bath to meet the needs of our growing portfolio.
Andrew Carter (pictured right, below) who has been with us for over 2 years as a freelancer, has now become a full-time employee, and is heading up the new satellite office with his latest recruit, Jonathan Power (pictured left).
Andrew says: “I worked with Web-Translations on a freelance basis for 2 years, and became a full-time employee just a few months ago. I enjoy working with a wide variety of clients, and love knowing that whatever their aims are we have a product in our multilingual website “toolkit” that will help them succeed in international markets.” (more…)
It is with a sense of anticipation that we enter into our 9th year, celebrating the recruitment of four new team members and carefully planning our expansion into Germany.
For as long as we’re helping our clients to grow their profits from international markets, we can be confident of the growth of our own business. While organic growth has been steady, I feel that the business could be achieving more rapid growth. However, such growth wouldn’t be possible without access to funds. In today’s market, capital doesn’t come easy. While the base rate of interest is remarkably low, the banks are using the opportunity to improve their margins, failing to pass on the rate reduction. Before the economic crisis, I obtained a loan at 4.5% over base. However, the rates I’m currently being offered are in excess of 17% APR.
Obtaining funding to grow has been unusually challenging…
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Diageo announced a 5% growth in annual profits today, an increase that Chief Executive Paul Walsh largely attributes to its activities in emerging markets.
While sales fell in Greece, Spanish and Ireland (all economies that have struggled in the last few years), Diageo’s acquisition of the leading Turkish spirits company Mey Icki, and its performance in North America and Asia-Pacific have offset the downturn in European trade.
This makes them the latest in a line of successful global companies who are spreading the risk of underperformance in developed markets such as Western Europe by expanding into countries further afield, or the path less trodden by competitors. (more…)
International trade has many benefits, some of which are more obvious than others. Detailed below are key benefits highlighted by clients who have made international trade a major part of their on-going business strategy.
Read on as Charles Purdy, Director of Smart Currency Exchange Ltd gives his insight on the main advantages of international trade.
Web-Translations will be exhibiting at this year’s Internet Retailing Expo at the Birmingham NEC from 23rd-24th March.
The expo brings together leading marketing, software and service providers to help all kinds of companies involved in online retail to grow and succeed.
Our Managing Director Daniel will be presenting as part of the Jumpstart programme:
Increasing export sales to foreign markets
While the UK leads the way in ecommerce, relatively few etailers profit from exploiting foreign markets. In his presentation, Daniel Rajkumar will explain how a multi-market, multi domestic approach to ecommerce helps increase visitor confidence to drive up conversion rates. In addition to best practice, Daniel will divulge secrets and practical tools for your multilingual eMarketing strategy, including the use of Social Media, SEO, PR and local affiliate networks to drive traffic and revenues.
Whether you’re a global company operating in many markets or a domestic business looking to export for the first time, Daniel’s presentation is pitched to cover the basics as well as some advanced practices, useful to strategic decision makers and practical implementers alike, you are sure to come away with ideas and inspiration that will open your eyes to the lucrative potential of non-English markets.
View the presentation schedule online
Register online free at http://www.internetretailingexpo.com/
We hope to see you there!
On Friday I had the opportunity to have lunch with Lord Stephen Green of Hurstpierpoint, Minister for Trade & Investment.
Entrepreneurs from businesses across Yorkshire attended a lunch event hosted by Angloco in their Batley premises. Angloco manufactures fire engines for all kinds of organisations around the world, and exports to over 45 countries. (more…)
It’s always good when a prominent figure echoes what we’ve been saying for years - expanding into foreign markets using your website is a great way to grow your business, and is a low-risk option in these difficult financial times. (more…)
Web-Translations is pleased to be part of the Goldman Sachs Business Growth programme. This unique business education scheme has been organised by Goldman Sachs to support small businesses throughout Yorkshire and the Humber. It is run by the Business Schools of Leeds and Oxford Universities, who also devised the programme.
Our founder and managing director, Daniel Rajkumar, is one of the 25 entrepreneurs selected from 150 applicants to be invited to attend business management courses and receive mentoring and support from a senior member at Goldman Sachs.
The idea behind the project is to help small businesses in the region achieve their maximum potential, and also to help create job opportunities, in order to alleviate the effects of the current economic crisis. As the main focus of the programme, the entrepreneurs will undertake a four-month business and management course which will have an emphasis on real-life practical experience, allowing the participants to implement the ideas and strategies they learn as they go.
Daniel says of the scheme: “The Business Growth Programme has been excellent so far. The topics covered have given me a better strategic understanding and practical skills to aid the decisions I make in the business. I’m learning to step back from the day-to-day activities of running the business, which allows me to work on my overall business vision and direction. I’ve had the chance to learn from the experience of 24 other successful entrepreneurs, and have met inspirational leaders and been taught by some leading business lecturers. I would recommend it to other business owners.”
We all look forward to seeing Web-Translations expand and flourish thanks to the support of Goldman Sachs.
There has recently been a further sign of recovery in Europe’s biggest economy - German exports were up more than 3% in June, and the country has experienced unprecendented growth of 2.2% from April to June this year.
A weakening of the Euro in recent months coupled with a strong demand for German goods in Asia has helped to boost exports. (more…)
