Segment 16- Getting Back to Business for International Success - Chinese Markets Part 2
In the last segment, we began a discussion around the classic 4 P’s of product marketing to understand how Western businesses can more successfully expand their market share in the Chinese Markets?
We looked at the first two P’s: Product and Promotion. Two key take-aways were:
1. Do your homework. Know which languages your Chinese markets speak and read, and localize your product and marketing initiatives accordingly. Focus on the local aspects and benefits of your product.
2. Understand the value of relationships within the Asian society, and leverage regional social media and blogging platforms – in the local language. Narrow in on local promotional platforms to disseminate information about your product.
This segment, I'll continue with Pricing, Placement and Position as it relates to the global Chinese markets. But before we jump in, I want to share a little story...