Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Supporting Cross-Border E-commerce of Micro Entrepreneurs in Developing Countries: Export Marketing Strategy

Version 1 : Received: 30 July 2021 / Approved: 2 August 2021 / Online: 2 August 2021 (12:07:48 CEST)

How to cite: Kim, K.; Lim, G.G. Supporting Cross-Border E-commerce of Micro Entrepreneurs in Developing Countries: Export Marketing Strategy. Preprints 2021, 2021080025 (doi: 10.20944/preprints202108.0025.v1). Kim, K.; Lim, G.G. Supporting Cross-Border E-commerce of Micro Entrepreneurs in Developing Countries: Export Marketing Strategy. Preprints 2021, 2021080025 (doi: 10.20944/preprints202108.0025.v1).

Abstract

Cross-border e-commerce is an opportunity for micro, small and medium sized enterprise (MSMEs) in developing countries. Based on a resource-based approach, this research studied how to support resource lacking enterprises with export marketing strategy. It dealt with actual business cases of Mongolian entrepreneurs trying to export Mongolian products to Korean market. Multiple source data including interviews, internal documents, and group discussions, were matched with theories to come up with strategies and validated by supporting organizations in Mongolia and Korea. The research suggests that MSMEs should rely on third party digital platforms rather than setting up their own. For product strtategy of the marketing mix, sellecting competitive product categories and supporting them adjusting to foreign markets and quality assurance is needed. For price strategy, loccally high priced products should use a price penetration strategy with a lower price compared to competing foreign products. For place strategy, supporting organizations should partner with exporters for collective delivery. For promotion strategy, they need to support the capacity of MSMEs enabling them to use digital marketing tools effectivly. These strategies were validated and adopted by supporting organizations in Monglia and Korea.

Keywords

Cross border electroniceletronic commerce(CBEC); Export Marketing Strategy(EMS); Marketing Mix; Micro, Small and Medium sized enterprise(MSMEs); Aid for Trade; Micro Entrepreneur

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