The six global entry methods are exporting, licensing and franchising, joint ventures, foreign direct investment, wholly-owned subsidiaries or strategic acquisitions, and piggybacking. Exporting is simply the direct sale of goods and services in another country. Licensing involves allowing another company in your target country to use your property—trademarks, production techniques, patents, or other intellectual property—for a fee. Franchising is somewhat similar in that you allow them to use your IP. But the rules for how they carry out business are usually much more strict in franchising than in licensing. Joint ventures involve the coming together of two companies to establish a jointly-owned business, with one of the owners being a local company. Both companies will then provide a management team and share control of the newly formed venture. Foreign direct investment involves directly investing in facilities in a foreign market and often requires a lot of capital. It can be done by establishing a new venture or acquiring an existing one. Wholly-owned subsidiaries are somewhat similar to FDIs in that they involve investing money into another company. However, in this case, the company is purchased outright. The owners then have the option to either continue running the company as is or to take greater control over its operations. Piggybacking involves a partnership between two non-competing companies working together to cross-sell each other’s products across both countries.