www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / View

Cashing in on the China brand

By Tom McGregor (chinadaily.com.cn) Updated: 2012-10-30 11:07

Many Chinese companies have implemented enhanced marketing strategies to chase after more global sales revenues. Meanwhile, they face stiff competition from their top rivals, which are multinational corporations.

Cashing in on the China brand

Accordingly, shining a brighter brand image and launching an international advertising blitz has become more of a necessity for Chinese companies looking to expand globally.

For the past few decades, many US-based multinationals such as Apple, Coca-Cola, Nike and many others have enjoyed remarkable success by utilizing their brand names alone to sell products.

Millions of people flock to Apple stores to buy the latest upgrades of iPads and iPhones. Probably more than a billion people have bought at least one can of coke in their lifetimes. And numerous sports fans wear Nike sneakers just because superstar basketball legends – Michael Jordan and Lebron James – say it's a good idea.

Consequently, China is beginning to recognize the value of sizzling marketing campaigns to lure in buyers and keep customers loyal.

"In early October, Beijing-based Li-Ning signed Miami Heat guard Dwyane Wade as an endorser and minority owner," according to AdWeek magazine. "Wade joins the brand's other NBA pitchman, Evan Turner of the Philadelphia 76ers."

Wade's highly publicized deal has already generated a new buzz with sports fans. Ray Grady, general manager of Digital Li-Ning USA disclosed an "uptick in Twitter followers, Facebook friends and direct traffic to the brand's Website."

He noted that Li-Ning has more than 24,300 followers on Twitter along with 372,000 Facebook friends. It reported global revenue of $1.4 billion in 2011 and it's touting a new corporate slogan, "Straight out of New China."

However, Li-Ning's publicity campaign does not guarantee good results, especially since its main rival, Nike, is disappointed about losing a celebrity NBA basketball player from its long list of endorsement deals. So Nike executives have attempted to downplay the event.

Daily Finance News writes, "while Dwyane Wade is a big name loss to Nike, executives there and at the Jordan brand probably aren't losing any sleep over the new Wade line. Chinese brands have never held much sway in the US, and with a plethora of other athletes endorsing Nike, Jordan, and even other competitors, it's unlikely that Li-Ning will be the next big thing in shoes."

Maybe there's some truth to the analysis, but it ignores factors that Wade could inspire many young Chinese-Americans to purchase his line of shoes. Additionally, China's domestic retail sales market continues to expand rapidly.

Nevertheless, some Chinese companies would likely experience growing pains when experimenting with creative marketing plans. It can be risky since ads either attract buyers or make them apathetic or worse yet, frighten away customers if an ad has been deemed controversial, even if it was unintentional.

Chinese manufacturers should make products that are of good quality and that alone should sell itself, but in today's pop culture society, producing a glitzy ad campaign has become more important.

Chinese companies should hire consultants and research firms to create better marketing strategies. And apparently, some Chinese businesses have already embarked on this path.

Tom Toubridge, chairman of the China business group at PwC, told the Financial Times that, "the professional services firm has seen a surge of interest from Chinese companies … Chinese companies are hunting opportunities to target wealthier consumers in their domestic market, vying alongside Western designer brands to gain the affection of China's growing middle class."

As more Chinese consumers enjoy greater prosperity, they have more spending money. Hence, shopping no longer means buying the cheapest products, but instead goods that may cost more but have higher quality. Therefore building an attractive brand image can establish customer loyalty.

In the US, many Americans make buying decisions based on a catchy TV commercial or corporate motto. They "just do it" when buying Nike sneakers.

That's an important lesson for Chinese companies who seek a larger market share for their brands. It's time for them to seize the day and conduct marketing, marketing and even more marketing.

The views do not necessarily reflect those of China Daily.

McGregor@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 玖草在线 | 欧美一级片在线 | 亚洲日本激情 | 成人精品国产亚洲 | japanese乱子另类 | 美女一级毛片免费观看 | 国产精品88 | 亚洲福利影视 | 亚洲 欧美 日韩中文字幕一区二区 | 国产综合久久一区二区三区 | 国产三片高清在线观看 | 嫩草影院ncyy在线观看 | 国产精品区一区二区免费 | 亚洲区一区 | 18年大片免费在线 | 亚洲精品一区最新 | 天天看片欧美 | 日本亲子乱子伦视频 | 蜜桃欧美性大片 | 91香蕉网| 看一级特黄a大片国产 | 国产一区二区三区免费视频 | 亚洲人成综合在线播放 | 亚洲国产欧美在线人成aaa | 欧美一级手机免费观看片 | 久久亚洲精品23p | 日韩一区二区中文字幕 | 美女张开腿黄网站免费国产 | 久久久久香蕉视频 | 一级毛片无毒不卡直接观看 | 国产精品一二三区 | 一级黄色毛片播放 | 国产精品久久久久久久久久98 | 亚洲视频精品在线 | 亚洲精品国产成人7777 | 91精品国产综合久久久久 | 亚洲一区二区中文 | 成人亚洲天堂 | 国产精品二区三区免费播放心 | 中文字幕在线一区二区三区 | 亚洲一区二区三区久久 |