Why outsource business development in Vietnam?
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 Vietnam. 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 Vietnam 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 Vietnamese 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.
Why is Vietnam an attractive market?
Vietnam is the third-largest market in the Southeast Asian region and was among the world's fastest-growing economies, according to World Bank. Vietnam was one of the best countries that curbed and contained the global pandemic well, hence why the country is able to experience positive growth in the GDP when most other countries are struggling.
Vietnam is part of ASEAN but it has also signed many trade agreements with countries like China, India, Australia, and the European Union. Doing business in the Vietnamese market will open up a lot of opportunities thanks to all those trade agreements with these countries, which positions your business for success on the global market.
Additionally, there is an increase in more business-friendly policies. There is no minimum paid-up capital required for most foreign business sectors. If you are a large-scale manufacturing or high-tech company, you can be sure to enjoy tax incentives as 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 Vietnam 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.
What kind of companies have you helped in the past?
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.
Do you offer demand generation services?
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".
What kind of results can we expect by engaging business development and market intelligence services?
All information will be relevant to the Vietnamese 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 Vietnam.
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.
How do I know which service provider in Vietnam is the best for my business?
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 Vietnamese 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 Vietnam!