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These partners can help you build pipeline through Outsourced Business Development Services in South Korea
Dezan Shira & Associates is a specialist practice that provides foreign direct investment services for international businesses looking to expand their operations in Asia. They are able to guide clients through Asian familiarization, entry and operations.
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When speaking of outsourced business development services, we are referring to the process of outsourcing sales to a third-party service provider who is typically located in South Korea. We at Revenew work through a network of qualified service providers offering a range of services that allows you to generate sales and revenues in South Korea without the need to incorporate your company into the country physically just yet.
These services include market research and validation services, B2B lead generation, B2B appointment setting, sourcing distributors, resellers, strategic partners, and outsourced sales teams in the South Korean market. These services help you with:
a) testing early assumptions,
b) accelerating sales in new markets,
c) closing deals with clients that you might have struggled to connect with on your own.
South Korea has been one of the fastest-growing economies in the world with its GDP expanding quarter after quarter in 2021.
South Korea has Free Trade Agreements with 52 countries making it one of the most attractive business hubs in the world. The country was ranked 5th out of 190 economies on the World Bank's Ease of Doing Business Index 2020 as regulations and legislation is straightforward when it comes to starting a business.
South Korea also has highly skilled and talented manpower which makes sourcing out local partners much easier. However, there are still social and business cultural differences compared to the rest of Asia. As such, it is safer to consult professionals who understand the South Korean market well.
Growing revenues in new markets is not an easy feat and can be complex even for the best-resourced businesses.
Our team puts a lot of effort into finding to most reliable service providers across South Korea and beyond. We then handle payments to provide another layer of security and assign a dedicated customer success manager to each project. Given the size of our network and experience of helping more than 150 companies grow revenues across APAC, it will be much faster to work with us. In addition, we will be able to help you find the right provider in a matter of hours. In contrast, if you do it yourself, you will struggle to find reliable websites, reviews, what industries the service providers have covered in the past, and other qualifications information you may need. The Revenew team has collected all that information and handled the due diligence on your behalf so that you can outsource your business development in no time.
Our network of service providers has helped all kinds of businesses, from small businesses to fast-growing startups and even multi-national corporations. Here you go a few verticles we have helped in the past: FinTech, InsurTech, BioTech, SaaS, Cybersecurity, Travel, Hardware, Marketplaces, E-commerce, and many other venture-backed startups.
Yes, we refer to such services as B2B lead generation, B2B appointment setting, and outsourced sales teams. We group all these services under Business Development Services. Such services are designed to help you outsource business development services to a network of qualified service providers on the ground in each market where we operate.
Some service providers refer to such those services as "demand-as-a-service," "demand generation," and/or "outsourced business development services".
All information will be relevant to the South Korean market such as trends, competitors, and customers. All that is gathered and analyzed through our service provider network to provide you accurate and real-time information so that you can make confident decisions. Most customers use such analysis to determine their go-to-market strategy in market opportunity, penetration, and development in South Korea.
As it comes to conversion rates, it depends on the industry, the complexity of your model/product, and the service provider itself. So it's hard to give you a number that would work across all scenarios, but we do our best to connect you with the best providers out there.
To help you make informed decisions, we have built profiles for each service provider here on Revenew. In turn, their profile features previous clients, what kind of verticals they specialize in, and the services they offer. So you could take a browse to see which fits your business activities and industry in the South Korean market. These service providers are experts in their field and can provide real-time information needed for your business.
However, we know your time is precious. So we also provide a complimentary consultation, it won't take more than 15 minutes. At the end of it, you will have a customized list of recommended service providers that are a great fit for your business needs in South Korea!
We've put together a few articles on what you need to know when engaging service providers for business development and market intelligence services.
Revenew has been very helpful to our project. We love the solution that they offer and the top notch coordination that makes everything run smoothly.