Build Your
Own U.S. Medical Device
Market the ESI Way
The
US is huge. The population is about 30 times that of Sweden's. By the size
of the economy, some 50 times larger. It may seem daunting to sit in Sweden
and wonder how to approach this enormous market with limited resources.
How
do you eat an elephant? You do it one bite at the time.
We
have, during our more than 20 years in the US, developed a simple and proven
process for using limited resources to build success over time. We get the
process started, get the infrastructure up and running, and complement our
clients' resources with our own. When you are ready, we step aside.
Start
selling, one customer at the time.
The
US is not one large market, but a collection of many smaller markets. A national
sales force and distribution may be the ultimate goal, but you start locally.
The metropolitan area of Los Angles has some 13 million people, and the associated
infrastructure of doctors, hospitals etc. to service those consumers. One
technical salesperson in a car can very efficiently and profitably build sales
supported by esi. Early sales and revenues support hiring of more sales people
in this or other regions. Or you may go the Independent Rep route. You are
building your US presence, "one bite at the time" to build a success story
you own and control.
Southern
California is also home of the largest cluster of medical device companies
in the US, proving close access to partners and collaborators, suppliers,
employees and market information.
esi Techtrans,
Inc. Offers a Range of
Services to Support a US Entry
INCORPORATE
A US CORPORATION
Americans prefer to do business with Local companies. We can incorporate a
California based company complete with all legal documentation that can do
business all over the US in a matter of weeks.
ESTABLISH
A REAL OR VIRTUAL OFFICE
Having a local address, your own phone line that can be routed or accessed
from Sweden and mail opened makes you "operational and based" in the US. It
makes a world of difference to your US prospects AND to your own website,
doesn't it?
OBTAIN
IMPORT LICENSES AND APPROVALS
Medical equipment and devices often require proper paperwork to be imported
and sold. We can help you navigate the sometimes cumbersome bureaucracy, including
manage the complex, but doable FDA approval process and CPT (Current Procedural
Terminology) codes.
TEST
THE MARKET - MARKET INTELLIGENCE
Before making a commitment to operationally enter the US market, many companies
wonder if a product will be successful here. Recognizing that often it is
not the technical brilliance that is the only key to success, but many other
factors more tied to local preferences, habits and regulations that will make
or break a product. You don't need a market research report. You need feedback
and information. What are the hurdles and obstacles? Does the product design
have to be tweaked? The pricing structure? Test marketing products through
conceptual selling and active listening can be a most valuable first step
in creating a US success.
THIRD
PARTY LOGISTICS AND WAREHOUSING OPERATION
esi can manage a small inventory of products during the start-up phase. As
volumes grow, we outsource support functions to logistics experts and save
management time and effort to critical tasks.
MARKETING
AND SALES SUPPORT
We help you create sales and marketing material that is made in and for the
US marketplace. From using sizes and formats that are standard in the US,
to writing copy that reads as if you are American, we help you lose that impression
of being a foreign operation. Our trusted outside vendors handle printing
and execution.
SALES
SUPPORT OFFICE
Utilizing existing esi office space, staff and equipment, we will set up the
necessary functions required to support the planned sales activities and to
make the setup appear as a bona fide, full time US operation. Functions and
activities include:
- administrative
routines including order taking, invoicing and bookkeeping
- phone, fax
and internet access with your own numbers and operational routines
- establishment
of a US specific price list
- administrative
processes for tax filings, payments and audits
- reporting
and communication activities with Swedish HQ
- provide office
space for Swedish staff temporarily visiting the US
- manage inquiries
and calls
SALES
& TELEMARKETING MARKETING ACTIVITIES
esi actively markets and solicits sales and orders, and works with Swedish
based staff to manage and negotiate with key relationships. To accomplish
this, we will:
- develop Target
Prospects lists and associated marketing activities such as sales oriented
cover letters and promotional mailings
- follow-up
with out-bound telemarketing programs to solicit orders
- set up meetings
for visiting managers to meet and negotiate major relationships on a planned
schedule
- manage industry
oriented PR effort with outside specialist PR firm
- develop Trade
show plans and activities
- full-fill
orders, forecast needs, plan inventories
COMPETITIVE
INTELLIGENCE
Successful marketing require you to know and understand your competitors.
Not just what they say on the website and in brochures, but also know how
they sell and act in the marketplace and your customers and prospects comments
and attitudes.
FIND
AND DEVELOP PARTNERSHIPS
So much more can be accomplished when working with partners. But who? What
kind of agreement? How do we "try it out"? How do you make sure you can get
out without penalties? Work with esi Techtrans, we have answers.
BUILD
A SALES FORCE - YOUR OWN OR INDEPENDENT REPS
Selling is a people business. At times, the cultural divides - Scandinavian
vs. American or Engineering vs. Sales - becomes a gulf that is hard to bridge.
Once retained, how do you manage, compensate and motivate?
The Benefits:
Control, Leverage and Upside
You
are not greedy. Letting a US importer handle your products, even if they take
a chunk out of your margins, can leave plenty of profits, especially considering
the volume potential. Right? Think again. The benefits of managing your own
US effort with esi Techtrans' assistance are bigger than just the potential
profits. They include:
YOU
ARE "AMERICAN"
Operating as local US company lowers the thresholds that Americans perceive
when dealing with foreign companies. Perhaps more important, it changes your
perspective on how to do business in the US, and opens your acceptance to
product adaptations, increasing your chances of success. It even opens up
possibilities for local funding, manufacturing, distribution, trade organizations
and local partners.
YOU
BECOME PART OF THE US INDUSTRY
While Americans can be brutally aggressive in taking advantage of outsiders,
they also love and support a winner. By being a local player, actively being
part of the industry network and infrastructure, you will be supported and
promoted by others in the marketplace because they too can benefit from your
success.
YOU
ARE IN CHARGE
Operating in the market, listening to customers, testing different approaches,
you decide how to best guide your product to success. You are close enough
to the emerging needs and technologies to also stay a market leader in the
future. The needs you perceive help you develop additional patents. Only shipping
products to an importer can be the road to irrelevance in the US.
YOU
DIDN'T GIVE AWAY THE MARKET OR YOUR FUTURE
Many a
foreign manufacturers have indeed seen Importers successfully sell their products
to the US. In the importers' minds, since they did "all" the work, they should
also reap the lion share of the profits. As an exporter only, you have little
leverage. They "own" the market, the customer relationships and the infrastructure.
Want
to retire? Your US importer becomes the logical buyer. No other may apply;
it becomes too difficult to untangle and separate what the importer has built.
Certainly patents and global rights have a value. But compare that to the
value of owning a successful US distribution, customer relationships and the
brand you built in the US.
Let's Talk
We
are glad you made it this far. Certainly every product, every situation is
different. We'd like to talk further about how
we at esi Techtrans can help you succeed "the American Way".
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