If you are starting a new market, one of the first important factors is understanding local culture. There have been many marketing campaigns that failed due to misinterpreting the local culture, leaving heavy consequences for the brand. No matter how good your company's products are, if they don't clearly survey consumer behavior at the place of sale, it will be easy to cause a negative reaction. One of the biggest challenges that marketers face when they expand internationally is adding their own culture to a new country's culture. Although, on the surface, it may look like using the same successful campaigns in existing markets and applying them to other countries means that they are imposing their own culture on another country's culture.
Read more ...Since the turn of the century, a plethora of technological advances have helped to position businesses and IT users in entirely new ways. Cloud technology and mobile applications have brought together business professionals, who can now access their files, contacts, and other company information on their very own devices. This has fundamentally changed how they communicate with each other as well as how they interact with their clients via mobile devices. Big data mining is one of the most rapidly growing technologies in this sphere. It employs collective data mining or extraction techniques that perform on huge volumes of data. One of the most rapidly growing technologies in this sphere is business intelligence, and associated concepts such as big data and data mining.
Read more ...When your website only posts articles found anywhere, you need to rethink your content marketing strategy. Many companies are turning to new forms of content, like infographics and videos, that can help build engagement with specific audiences.
Read more ...Have you ever wondered how our current understanding of the mind came to be? How did we go from analyzing thoughts and feelings to studying observable behaviors instead? The answer lies in the rise of behaviorism, a psychological approach that dominated research on the mind for much of the 20th century. In this article, we'll explore what behaviorism is, its applications, criticisms, and most importantly - how it affected research on the mind. Join us as we delve deep into this fascinating topic!
Read more ...Consumers' emotions drive them to buy things they need, but also things they want. The way to influence this emotional state is through the five senses: sight, sound, feel, smell, and taste. You can design products that are visually appealing and give consumers a sense of the product from just looking at it. This can have a profound impact on whether or not a consumer wants to buy your product or service. Sensory marketing is an advertising method based on the purpose of engaging one or more of the five human senses including sight, hearing, smell, taste and touch. to create an emotional connection between consumers and products, services or brands. Although it has been applied in practice for a long time, it was not until the early 1940s, when marketers discovered how what people see affects advertising, research studies Formal studies of a more formal and scholarly nature are being conducted. The knowledge Cam shares below is just like a drop of salt compared to the works that humanity has built.
Read more ...With the development of online payment systems, Vietnam has also witnessed a large number of online payment gateways being born. The competition among them is very fierce. A payment gateway is required to handle a huge number of transactions on a daily basis. The number can range up to millions per day, and the transaction volume can be even more than that. Vietnam’s eCommerce market is on the rise, with an estimated $6.388 billion in revenue by 2024. The Vietnamese commerce industry is expected to grow 30% between 2022 and 2025.
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