Google Market Finder is a terrific free tool designed by Google which allows users to take a look at local monthly search volumes for specific locations. It also includes the costs of targeting particular keywords in every market, including foreign ones. This has been very beneficial in terms of growing our business on a world-wide basis.
Find New Markets
The free Google Market Finder tool uses world-wide Internet search data to reveal the number of times that keywords are searched for, in 56 different languages. We use the tool to see where consumers search for our products and services. Then we evaluate the new potential markets by comparing the local search volume, estimated keyword price and the competition for each keyword in all markets. This is really helpful in planning our marketing budget for the best results.
Here is an example of how it works:
Let's say your company manufactures a cool line of sunglasses and you are interested in selling them outside of the US. And let's say (just for example) that you had several Spanish speaking employees and could support new business from Latin America.
You could use the Google Market Finder tool to search this type of query, and the results would look something like this:
Translate Key Words
Now that you have identified the countries that had the highest search volume for the phrase "sunglasses" you could use the free Global Market Finder tool to automatically translate our keywords into the language of our choosing (in this case Spanish), for all of our new potential customers. Using the tool, we can also see where people are searching for our products and services. Then we can narrow it down to specific locations to target in our online marketing plan. For this reason alone, it is an invaluable service, since we are not fluent in other languages. We would actually need to hire someone to do these translations, which would be quite costly. By knowing where our target audience is, we can best take advantage of the world-wide marketplace to expand our business and take it to the next level.
Use With Google AdWords
Google Market Finder is particularly effective when combined with Google AdWords. The free Google Market Finder tool showcases all of the estimates of a suggested keyword bid, as well as the competition for each Google translation for that specific target market keyword. In this way, since we are already using a Google Adwords campaign, we can use the Google Market Finder to choose a precise location and language with which to display our ads.
Access to All Marketing Media
The Google Market Finder can be used as a powerful marketing tool to help reach our potential customers on a worldwide level. Used with ad formats such as search engines, mobile devices, video and TV, this tool is extremely helpful in targeting exact marketing locations to find the best audience for our business products and services.