2. GD and ZJ’s Market Entry Strategy

Phase 1: Market Research and Feasibility Study

  • Objective:
    • Understand market demand for knives and kitchenware in the UK and US.
  • Actions Taken:
    • Collaborated with the EC company to conduct consumer surveys and competitor benchmarking.
    • Identified customer segments, such as home chefs and professional kitchens.
    • Assessed regulatory requirements, including safety certifications for kitchen products.

Phase 2: Establishing Partnerships

  • Key Partnerships:
    • EC company as a bridge for logistics, marketing, and contract negotiations.
    • UK and US fulfilment centres to streamline order fulfilment and reduce delivery times.
  • Benefits:
    • Leveraged EC company’s market expertise and existing networks.
    • Reduced entry costs and mitigated risks associated with establishing a direct presence.

Phase 3: Branding and Product Adaptation

  • Brand Positioning:
    • Highlighted GD and ZJ’s reputation for quality and craftsmanship.
    • Differentiated their products through features like ergonomic designs and durability.
  • Product Adjustments:
    • Adapted packaging and instructions to meet local preferences.
    • Incorporated sustainable materials to align with environmental expectations in the UK and US.

Phase 4: Launch and Scaling

  • Initial Launch:
    • Focused on e-commerce platforms like Amazon UK and Amazon US to reach a broad audience.
    • Used digital marketing strategies such as SEO, social media ads, and influencer partnerships.
  • Scaling Strategy:
    • Gradually expanded into brick-and-mortar retail stores.
    • Launched promotional campaigns, such as discounts and bundled offers, to build brand awareness.