Companies from the investment goods industry are particularly dependent on corporate communications that offer cultural relevance when they want to move into new markets. This is so because the ability to compete with already established local suppliers is best achieved using an emotional approach. Therefore, it is vital to see things from the local culture's perspective. Investors from China to America are constantly coming up with more and more comparable products and services as these same products and services all start to look identical. Just as we are familiar with from our own, over-saturated market.
To stand out from the competition, real sales arguments need to be emotionalized. This brings us to the keyword UAP (Unique Advertising Proposition), and we're already on a cultural skating rink, since if implemented badly, this UAP can quickly lead to misunderstanding. Good message in your advertising campaigns should combine factual arguments with the target group's emotions. This produces a statement that is characterized by positive associations - the UAP.
These three questions should be your guideline:
Using these questions as a guideline, you find out how to reach your audience abroad in the best way. You will create an audience on the market, position your message and you will be able to portray your company on a competitive basis.
Intercultural marketing refers to the adaptation of marketing strategies, messages, and activities to the cultural differences and preferences of various target audiences. The goal of using it is to overcome cultural barriers and enable effective communication with customers from diverse cultural backgrounds. Through intercultural marketing activities, companies can enhance the relevance of their messages, build trust with their target audience, and improve the success of their marketing initiatives.
If we compare other cultures with our own cultural gravitational radius, stereotypical differences become obvious. But do not be satisfied merely with these. Factors such as the ideal choice of communication medium, the timing and the design can play a tremendous role in determining success.
These include, for example:
Even as an SME, it is worthwhile including members of the culture and intercultural marketing professionals in the design of websites, printed brochures, corporate videos and other communication products. Normally, budgets in the investment goods industry tend to be smaller than those in the consumer goods industry. So it is essential to get it right.
It seems as predictable as it is logical that product names that are simply taken over into the target language can in some cases produce undesirable associations. You can see examples of the best cases listed in the top ten in the "Verbal curiosities" category. In worst-case scenarios, product names that have not been culture-checked can result in fatal provocations which entail massive losses of image.
Even large companies occasionally find that the campaigns that run brilliantly on their home market do not take off abroad. Companies that focus too much on the domestic market and only later - once sales are high - think about the feasibility of using the product name in other languages will need to be prepared to make considerable extra efforts. It is therefore worth thinking about possible associations right from the start. This will also save money in the long term.
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Conducting thorough local market research is a cornerstone of successful intercultural marketing, as it helps businesses identify cultural nuances that inform product adaptations and messaging strategies tailored to resonate with local audiences. A step-by-step approach ensures this process is both comprehensive and effective.
Step-by-Step Guide to Conducting Local Market Research in Intercultural Marketing:
Define Your Objectives
Study the Cultural Landscape
Engage Local Experts
Collect Data from Multiple Sources
Test Products and Messages
Discover the diverse possibilities of intercultural marketing with our international marketing agency. We offer tailor-made campaigns that take cultural differences into account and communicate your messages globally in an understandable and effective way. With our experience in different countries and markets, especially in marketing in China, we offer a successful intercultural marketing strategy that will help your company grow internationally.