Monday, 22 April 2013

Sensu is Featured in the Marketing Magazine!

I am glad to announce that Sensu was being featured in the marketing magazine at the starting of this month! It is the recognition for our hard work and success, and makes us even more proud of what we do.  The article talked about the acculturation differences of the Chinese compare to the other ethnic groups, characteristics of different ethnic populations in terms of social network adoption, and the importance of providing multi-cultural conversations to enhance the effectiveness of customer engagement.  

Sensu has been using social media and in-language approach to target the Chinese customers for our clients.  Why this approach?  A recent data from Internet World Stats displays of nearly 2 billion internet users estimated in 2010, 82% spoke one of 10 macro-languages, where Chinese is the second most spoken language.  According to the analytics from Environics, it displays that social media adoption is more prevalent for many multicultural clusters compare to the national rate. Based on the April 2012 report from Mckinsey, it also showed that 95% of the Chinese internet users are registered on a social media site.  That gives us a reason to target online social media sites to engage the current and potential customers for our clients.  This way we could also leverage our competencies in tracking and translating the big data into measurable insights for clients’ strategic business planning purposes.

A real business case mentioned by the marketing magazine was on the collaboration between Holt Renfrew and Sensu, where the Chinese social media site Weibo was used for the 175 anniversary of Holt Renfrew.  The brand page started as an event based.  It attracted 692 followers in 20 days, and produced an increase of 148% in conversion rate on Weibo between the years of 2010 to 2012. 

According to the research from Brooking Institution Scholar Homi Kharas, the global middle class will double in size by 2030, where Asia will account for 64% of the global middle class.  With the continuous high immigration rate from Asia over the years, these data indicates that the market will only get larger and larger.   This way the best approach in customer engagement needs to be in place to correspond to this market change.  As of the future, we would encourage the brands to go above and beyond to take the approach of understanding your customers, assist them in their preferred languages and embrace new media for the success in the multi-cultural market. 

Thursday, 11 April 2013

Reach Multicultural Consumers Through New Media -- Would You Like to Succeed?

At the end of February, American Marketing Association (Toronto Chapter) hosted a multicultural marketing round-table event. The purpose is to help companies further recognize the potential of the ethnic markets and provide best practices from industry leaders.Here is a video that you can look at, which captures the event and the thoughts of the guests.

The attendees came from four different areas, client, agency, media and research. The panelist group was comprised of marketing experts including Holt Renfrew, Beam Global Canada, and Western Union Canada, where both Holt Renfrew and Beam Global Canada have been working in collaboration with Sensu on targeting the Chinese consumer segment in Canada. 

The panelists each gave examples on how their company successfully utilized strategies to target the ethnic groups.  For instance, Holt Renfrew leveraged the popular Chinese social media platform, Sina Weibo, to engage the potential and existing customers.  Social media content was culturally tailored to ensure resonance with the brand among Weibo users.   The social media pilot campaign, which focused around Holt Renfrew’s 175th anniversary, drew more than 700 followers to the brand page within 20 days.

The presenters highlighted the high purchasing power and potential of the ethnic groups.   The combined population growth of South Asians and Chinese numbered at 27% in the last 10 years. By comparison, the average Canadian population growth staggered at only 5 %, which indicating the multicultural market no longer being a niche.  Bobby Sahni, the founder and president of Multicultural 411 and also a veteran in the field, bringing more than 10 years of experience from leading Rogers’ multicultural marketing strategy, was the moderator of the event.  He encouraged brands to demonstrate cultural sensitivity and mentioned that consumers do have cultural preferences when it comes to shopping behaviours and habits.  His piece of advice is, whether a multi-cultural marketer or just a marketer, it is critical to recognize the importance of cultural influence and integrate it into the business strategy to achieve success.

From Sensu’s perspective, by being a sponsor of this event, it is rewarding to see the increasing interest in multicultural marketing from mainstream marketers.  Authenticity is at the core of Sensu’s philosophy, and in practicing this through all the work we do, we believe it is absolutely critical for brands to embrace new media channels when connecting with Chinese consumers. There are endless opportunities to connect to the multicultural markets through innovation in media channels – take a risk, be bold, be creative and it will pay-off. The companies that are willing to go above and beyond have experienced success.   It may seem like a risk on the onset, but it is a calculated risk that brands can take with the help of experts like Sensu.  In the undeniable reality of diversity in Canada, it is no longer an option for the future development of all organizations that want to achieve success in the consumer market.

Feel free to make a comment and tell us what your thoughts are!