Client
The CSO of an American industrial IoT application development platform sought support expanding into China.
Challenge
China is a high-risk, high reward market that must be properly understood and developed systematically. The CSO of an IIoT application development platform recognized the potential but was uncertain how to evaluate the risk-return of entering China. The company’s management team also lacked experience selling in China. They required an understanding of which segments to focus on, how to localize their sales process and pricing, and how to prospect for local customers.
Objectives
Approach
IoT ONE worked closely with the CSO to validate that there was indeed strong demand in China for the company’s unique technical capabilities. We then supporting operational setup, from localizing their cloud infrastructure to recruiting their sales team. We also interviewed Chinese startup founders with similar offerings to identify areas where the business model might need to be localized. Finally, we supported in initial customer prospecting in order to accelerate their development of a sales funnel.
  • Validate market demand and prioritize customer segments.
  • Support cloud infrastructure setup.
  • Recruit the local sales team.
  • Identify key business model localization requirements.
  • Prospect for beachhead customers to establish a sales funnel.
Result
  • Within two years of market entry, China become the client’s second largest market globally.
  • We introduced a Chinese investor who invested $10 million in B series funding to support regional expansion.

联系我们

欢迎与我们交流!

* Required
* Required
* Required
* Invalid email address
提交此表单,即表示您同意 IoT ONE 可以与您联系并分享洞察和营销信息。
不,谢谢,我不想收到来自 IoT ONE 的任何营销电子邮件。
提交

Thank you for your message!
We will contact you soon.