how localization can double your revenues
TRANSCRIPT
Let’s face it:
You won’t get there in Year 1. You cannot build first-class
localization infrastructure overnight.*
* Rome wasn’t built in a day either
On the flip side:
You CAN still compete effectively with entrenched local
competitors, and global brands even without their major
local presence, or their budgets.
You can leapfrog many of them with the right approach
taken from the start — no extra baggage.
How?
• Take a staggered approach
• Invest smartly
• Avoid unnecessary mistakes
in the early stages
• Get the basics right, and
grow from there
Top Companies Grow Globally
Among S&P500 companies, an average of
46.6% of all sales are generated outside the
United States.
The largest sector is Information Technology,
with more than 56% of its declared sales
crossing international boundaries.
28 of Germany’s top 30 companies on the
German stock index (DAX) generate 75% of
their sales outside the country.
• The value of communicating in
your prospect’s local language
begins at the first encounter
and gets more pronounced
throughout the sales cycle.
• Conversions are more likely in
the prospect’s local language.
People don’t buy what they
don’t understand.
• Start by localizing pre-sale
information. Quality of after-
sale support will not close the
sale.
Can’t Read,
Won’t Buy
Case Study: Rocket Internet
• Rocket Internet has replicated the strategies of successful ecommerce businesses in start-ups launched around the world, in niches ranging from mobile payment to food delivery.
• Goal is to make Rocket the biggest internet group outside the US and China. It operates in more than 100 countries using proprietary technology.
“We are focused on markets
outside the US and China
because these are
underserved.”
Source: FT.com
Example: Indonesia
“Facebook, Twitter and Uber are all opening offices in Jakarta, but only a handful of international companies have made sizeable
investments in the Indonesian tech sector. These include Japan’s Rakuten and Sumitomo, and German ecommerce conglomerate Rocket
Internet.” (FT.com)
Your Audience
Tips for a market-specific buyer profile:
• Research market demographics and your industry
• Identify your local competition and its strategies
• Learn local purchasing behavior
• Identify the tools and channels that your buyers are using to get
product information & support
• Conduct focus groups
in-country to understand
local preferences and
sentiments
• Create locale-specific
customer profiles
• Shape local brand and
positioning
Key Considerations
• What is the number of languages that you target?
• Are they among the world’s top common languages or rare ones?
• How large is the project’s volume?
• Does your company’s industry involve such specialized terminology
that it calls for industry subject matter experts?
• Do you have tight time-to-market requirements that require
around-the-clock localization teams?
• Does the content call for regulatory review and approval?
• Focus on the major markets
• Hand-pick promising, ripe, high-growth markets where you can
build competitive advantage
• Keep full long-tail languages for later
• Attractive markets for entry
– Hard and soft data on potential markets
– Language preferences — must vs. customer delight, segmentation
Prioritize Your Geographies
Marketing and demand
generation Sales tools and collateral
Public relations
Local social media
Product
User InterfaceUser
Assistance
Website and online
presence
Multilingual SEO
Customer and product support
Training
Legal
Set your brand, style and
terminology carefully from
the start…
…because changing this later
is going to be like trying to
turn an oil tanker.
• Get executive buy-in
• Establish cross-functional
visibility & approach to
localization
• Be strategic
• Staff
• Educate
• Engage your in-country staff, if
they exist, in a managed way
• Work to establish a clear budget
(ideally centralized) and tracking
Take It Step by Step
Tools & Technologies Are NOT the Solution
• Establish your core workflows first
• Start by using essential tools
• Add more advanced technology and automation over time
• Integrate with upstream processes
• Don’t reinvent the wheel
• Involve hands-on localization staff and use their experience
Sequence of Implementing Translation-
Related Technologies (Simplified)Translation & localization tools
Translation Memory (TM)
Terminology Management System
Content Management System (CMS, WCMS)
Content Authoring System
Translation Management System (TMS) & Workflow automation
Content Optimization
Machine Translation
Community translation platform
Quality Assurance checking tools
• Document and implement
core processes
– As company-wide business
processes
• Inventory your content. Look
for building a centralized
content repository
• Learn to analyze root causes
of issues
• Establish a way of collecting
and analyzing local market
feedback
Key Process
Considerations
• Localization workflow for
individual content types
• Terminology management
• Query management
• Style guide development
• Quality metrics
• Linguistic quality review,
including arbitration
Essential Processes
to Get Right
You can’t measure
everything in the early
stages of your
localization program…
…but if you don’t start
measuring the right KPIs,
you can’t improve over
time.
• On-time deliveries
• Project extension requests
• Average turnaround time
Project Management
Metrics
• Trending volumes (recycling
effectivity)
• Average cost per word
• Localization budget and your
contribution to new language-
related revenue
Financial Metrics
Downstream
• Satisfaction & user experience
of your in-country users
Upstream
• Language quality passes/fails
• Review rejection rates &
arbitrations raised
• Terminology queries
Quality Metrics
• Bugs by category & product
language
• Bug turnaround time
• Reactivated bugs
• Technical accuracy of
deliveries
Engineering Metrics
• Net Promoter Score (NPS) with
your key internal customers
– Product development
– Marketing & demand generation
– Sales
– Local offices
– Support
– Executive sponsor
Internal Satisfaction
• Think long-term
• Get the essentials right
• Move from operational to
strategic
• Think upstream
• Think new markets
• Treat localization as the engine
of your growth
• Make yourself indispensable