Focus: Asia Franchise Markets April 2016 | Page 8

The Way In. Japan Market For franchisors, pop-up stores or an experiential campaign combined with solid marketing is an effective way to introduce your product, gauge the market and gather essential feedback before full scale entry. potential. Many foreign franchisors have stressed that in order to conduct business in Japan it is essential to have a business partner with a deep understanding of the Japanese market. For brand licensing, export stores and high end supermarkets are a good entry point though an understanding of the distribution system is needed. In addition to about 200 single stores, there are around 900 chain owned specialty supermarkets that stock a range of foreign brands. There are a number of large Japanese companies very receptive to partnering with foreign franchise concepts at all stages of development-not only companies who have a large overseas domestic footprint-wdi.co.jp is one good example. When such business Japan can serve as a launch pad for the rest of the Asian market. Partners/Masters: Identifying the right partner in Japan does require time and effort and Japanese partners/masters usually want to see a business plan that has a clear marketing strategy or strong growth partnerships are successful, Japan can serve as a launch pad for the rest of the Asian market. Key Franchise Points * Have a clearly defined marketing strategy and well-developed business plan.