Capturing Market Share With Strategic Localization

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Capturing market share with strategic localisation

Prioritising Localisation in 2019

If there’s one thing we’re grateful for in 2019, it’s the fact that localisation has become more of a priority for companies looking to serve the Indian market. The question is no longer why should we localize, or even how, but what resources do we dedicate to it?

It’s been well established by expert studies that the Indian internet is already primarily Indian x’language speaking. The Indian language character of the Indian internet will only increase over time – 90% of new internet users coming online will use an Indian language, not English.

Given this, companies need to see the Indian internet as two very different user bases – English language users and Indian language users. English language users had the benefit of early access to the internet, and are more likely to be mature users who can confidently use the internet and take advantage of what it has to offer. These users are privileged and can navigate interfaces with ease – because platforms are built with these users in mind.

On the other hand, Indian language users are mostly new to the internet and have very little idea how to use online platforms. Things we take for granted, even something as simple as making a purchase on an app for or for finding a relevant product category on a site can be confusing. Iconography generally used on these platforms doesn’t convey much either. In addition, platforms do not explain how to carry out simple tasks, creating another barrier to usage.

Localisation Beyond Interfaces & Content Conversion

Localisation doesn’t merely deal with content conversion. It also enables content creation in Indian languages, as well as better multilingual search and discovery engines to find and consume relevant content. Another important element that comes included within the process of localisation is making transactions Indian language friendly. After all, platforms revolve around funnels that end with conversions, and this holds good regardless of the user’s language.

So far, localisation has generally been seen by decision makers as a function of user experience, not of revenue. It is a great addition to a company’s strategy, but not an essential addition.

This is a misconception, since localisation can most definitely have a very direct impact on your revenue, in addition to its boost to non English user experience. This misconception is keeping companies from localising aggressively.

If companies feel that the effect of localisation will be limited to user experience, they should ask themselves if they are truly enabling smooth business impact generation on their platform. Localization should be accompanied by user education, which in turn lets these new users effectively take advantage of platforms and potentially convert and transact. Without this crucial step, companies are merely allowing new users to read a platform in their own language, which is not enough.

At the end of the day, localisation efforts require the utilization of resources, and activities that are seen as solely contributing to user experience (and not revenue generation) are not prioritized. This is especially relevant since most companies are new to localization and are still evaluating adding it to their strategy.

With more localiszed platforms around, new standards for building for Indian language users will emerge, related to iconography, user behavior, preferences, and the like. This will continue to lessen the entry barrier to using digital platforms effectively, which will in turn drive conversions and allow these users to transact and use services comfortably.

Think Long Run – Think Market Share

Something very important companies need to keep in mind while evaluating their localisation strategy is that hundreds of millions of Indian language internet users will be coming online over the next 5 years. That’s tens of millions of potential new users every week.

According to studies, tens of millions of Indian language internet users will come online in 2019, and many of them will want to shop online. They can only actually carry out these transactions if platforms come enabled with language support in their mother tongue. Not all Indian e-commerce platforms will support local languages when they come online. Which platforms will these tens of millions of users naturally gravitate towards using, then?

That’s right, the platforms that have interfaces they can comfortably read.

It then becomes a question of market share. Revenue then becomes about thinking about the long run. The stronger a localisation foundation you build, the more prepared your platform will be to take advantage of the Indian internet’s rapid demographic growth.

After all, the English user base has saturated in terms of user growth. Only 15% of new Indian internet users over the next 5 years will be English users. In other words, your market share reach is limited to this 15% if you don’t localize, and this isn’t a one off thing. This holds good over the next 5 years. This is the sort of strategic decision that should take priority over short term revenue goals, goals that will anyway be met, if localization as a process is allowed to take its course. Proper localisation, planned and strategized that is.

In addition, there already exists a large user base for Indian languages. This user base isn’t actively transacting as much as their English counterparts (due to the lack of accessibility and user education available to them mentioned earlier, in addition to other factors), but is highly engaged in consuming content. Once you open your platform up to these users and provide them with content that resonates with them, new users sharing the same language will also be drawn to these platforms.

Remember – localising your platform is a strategic push, a key to solving a larger problem. Give it and Indian language users the attention they deserve and things fall into place.

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Reverie Language Technologies Limited, a leader in Indian language localisation and user engagement technology solutions for over a decade, is working towards a vision to create Language Equality on the Internet.

Reverie’s language practice is dedicated to helping clients future-proof their rapidly expanding content by combining cutting-edge technologies like Artificial Intelligence and Neural Machine Translation (NMT) with best-practice approaches for optimizing content and business processes.

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