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SINGAPORE 2014 EdItION

Content MAtteRS
the IMpACt of BRAnd StoRytellIng onlIne
Understanding the role of digital content on Asian consumer
decision-making and business ROI
Philippines
India
Indonesia
Vietnam

Hong Kong
China

Singapore

South Korea

A 2014 Asia-Pacific Industry Research Report
1
1. InTROdUCTIOn

The role of communications and marketing professionals today, from the
PR and marketing manager to the CMO, is to connect actions to outcomes.

branded content in real-time.

consumer decisions.

Strategic content is the basis of strong corporate narratives and authentic
brand storytelling.
does content really matter and, if so, to what extent?

connect spending to bottom-line results.
2
2. AbOUT WAggeneR edSTROM (We)
Waggener Edstrom Communications (WE) is a global, independent integrated communications agency that has

CHInA

KOReA

We Offices
We Affiliate Offices

JAPAn

HOng KOng

VIeTnAM

PHILLIPPIneS

IndIA

SIngAPORe

IndOneSIA
AUSTRALIA
digital, mobile, and social platforms.

Media planning
Digital readiness training
Community management
Audience insights
Content management

Measurement solutions
Integrated media reporting
3
3. UndeRSTAndIng COnTenT MARKeTIng
Content marketing can take on many shapes and sizes. As far as marketing tactics go, it can range from managing a
corporate Twitter handle to publishing regular eNewsletters. A list of common content marketing tactics include:

SOCIAL MedIA
UPdATeS

PR ACTIVITIeS

dIReCT edMs

SHAReAbLe Web
COnTenT

ReSeARCH And
WHITePAPeRS

eneWSLeTTeRS

VIdeOS

Web eVenTS

Although this list can be helpful, it does not get us to the core of what content marketing is and why it’s important.
In its most basic form, content marketing can be viewed as a way for brands to become storytellers. The Content

creative requirement (i.e. art) for content marketing to be successful, which is done through storytelling.

returns. This can be a scary prospect for marketers today, especially with growing pressures from the executive branch
to prove the value and returns gained from their marketing and communications spend.

boardroom discussion topic.
Our aim with this study is to create a measurement framework for content marketing in business and to better understand
in key Asian markets.
4
4. MeTHOdOLOgy
Hong Kong, India, Indonesia, Japan, Korea, Philippines, Singapore, and Vietnam.

business sectors.

MObILe
deVICeS

COnSUMeR
eLeCTROnICS
& APPLIAnCeS

FOOd And
beVeRAge
PROdUCTS

PeRSOnAL
CARe
PROdUCTS

TRAVeL &
TOURISM

HeALTHCARe

Feature Phones

TVs

Packaged drink
Products

Shampoo

Flights

Smartphones

dVd/blu-ray
players

Moisturizer

Hotels

Over-theCounter
Medicine

Tablets

Packaged Food
Products

Toothpaste

Car Rentals

Fridges, Stoves,
Microwaves

deodorant

Travel Packages

eReaders

Makeup

Prescription
drugs

gaming
Consoles

Consumer
Medical devices

PURCHASe beHAVIOR

buying Cycle
Figure 1 Purchase behavior

nutrition
Products

Advocacy

engagement
Sector

How much do you spend on
products or services

MObILe deVICeS

Per purchase

COnSUMeR eLeCTROnICS

Per year

FOOd And beVeRAge PROdUCTS

Per week

PeRSOnAL CARe PROdUCTS

Per week

TRAVeL & TOURISM

Per year

HeALTHCARe

Per purchase

Table 1 Purchase frequency

borders and business sectors.

promoter score metric presented by Reichheld.

Rating

Advocacy Level

Interpretation

0-6

detractors

extremely unlikely to
recommend

7-8

Passively Satisfied

Somewhat likely to
recommend

9 - 10

Promoters

extremely likely to
recommend

Table 2 Net promoter score
The net promoter score is determined by subtracting the percentage of detractors from the percentage of promoters.

than content created through other channels or tactics. Quite the contrary, as brands need to consider the full spectrum

Social Media
Marketing
enewsletter
PR
Advertorials
Research &
Whitepapers

Low Frequency
Content
Figure 2 Spectrum of content exposure

High Frequency
Content
5
5. COnTenT MARKeTIng & bRAnd STORyTeLLIng

(Harad, 2013)
and retention.

as the gold standard for success.

The value co-created between a business and its customer as a
result of any interaction enabled by content created by that business.

the brand.
Value

definition

example

Financial

benefits that generate wealth and financial
solvency for the business.

Revenues
Cost savings

Operational

benefits that generate improved operational
capacity for the business.

Operational efficiency
Product or service
development
Innovation

Relational

benefits that improve the relationship between
the business and its customers

Improved brand health
Rebranding

Table 3 Types of business value

Value

definition

example

Functional

benefits that provide tangible utility to
the customer

Using a smartphone to stay
connected with friends or family
driving a car to work to shorten
your commute
Improving your finances after
meeting a financial planner

emotional

benefits that result in a change in the

Reduced anxiety after counselling
Increased confidence from buying
new clothes
Increased motivation after
completing a university or college
degree

Social

benefits to 3rd party entities, whether
human (e.g. a family member, a local
business owner) or non-human (e.g.
the environment)

donating to charity
buying fair trade coffee
Planting a tree

Table 4 Types of customer value
Functional

emotional

Social

VALUe CO-CReATIOn

bUSIneSS

CUSTOMeR

Relational

Financial
Operational

Figure 3 Value co-creation

term impact.

behavior

definition

Purchase Cycle

How much consumers spend and how frequently they purchase

Advocacy

How likely consumers are to recommend a brand to friends, family or
colleagues

engagement

How likely consumers are to follow brands on social media
How likely consumers are to obtain information about products and
services on social media
How likely consumers are to share information about products and services
on social media
How likely consumers are to look for the latest deals and promotions on
social media
How likely consumers are to participate in contests and giveaways on
social media
How likely consumers are to click on advertisements or read advertorials
posted by brands that they like

Table 5 Types of purchase behavior
6
category.

MObILe deVICeS

COnSUMeR
eLeCTROnICS

FOOd And
beVeRAge

PeRSOnAL CARe
PROdUCTS

and healthcare.

Per week
FOOd And beVeRAge

Per purchase
HeALTHCARe

TRAVeL & TOURISM

HeALTHCARe
brand.

8.0

MObILe deVICeS

MObILe deVICeS

COnSUMeR
eLeCTROnICS

6.3

FOOd And
beVeRAge

obtain information

share information

about products and
services on social media

about products and
services on social media

PeRSOnAL CARe
PROdUCTS

TRAVeL & TOURISM

look for the
latest deals and
promotions

like to participate
in contests and
giveaways

on social media

on social media

HeALTHCARe

AVeRAge ACROSS
ALL SeCTORS

click on
advertisements
or read advertorial
content
6. ReSULTS - HIgHLIgHTS ACROSS ASIA-PACIFIC

brands on social.

for the brand
Despite personal care and consumer electronics and appliance brands
Kong, India, Indonesia, Japan, South Korea, Philippines, Singapore and Vietnam.

the results.

on social media.

MObILe deVICeS

COnSUMeR
eLeCTROnICS

FOOd And
beVeRAge

PeRSOnAL CARe
PROdUCTS

TRAVeL & TOURISM

HeALTHCARe
TWITTER

WECHAT

Rarely

Occasionally

brands on social media.

Per purchase
MObILe deVICeS

Per year
COnSUMeR
eLeCTROnICS

Per week
FOOd And beVeRAge

Per week
PeRSOnAL CARe
PROdUCTS

Per year
TRAVeL & TOURISM

Per purchase
HeALTHCARe
7.94

MObILe deVICeS

6.67

COnSUMeR
eLeCTROnICS

7.38
6.22
7.33

FOOd And beVeRAge

5.93
7.24

PeRSOnAL CARe
PROdUCTS

5.63
7.03

TRAVeL & TOURISM

5.06
7.18

HeALTHCARe

5.64

obtain information

share information

about products and
services on social media

about products and
services on social media

look for the
latest deals and
promotions

like to participate
in contests and
giveaways

on social media

on social media

click on
advertisements
or read advertorial
content
7
7. ReCOMMendATIOnS

term relationship, and you need to focus on creating great content through a sound
media usage and brand engagement online do not go hand-in-hand. Simply posting

you to go beyond simply posting promotional material online by creating a dialogue
ReCOMMendATIOnS
LeARn MORe

China
Senior Vice President

Singapore

Hong Kong

India
Managing Director

Healthcare Practice Lead

Technology Practice Lead

Head of Digital, WE Studio D

Digital Lead, WE Studio D

India Digital Lead
WE Studio D

Insight & Analytics Lead

Singapore
Digital Lead, WE Studio D
AbOUT THe COnTRIbUTORS

Head of Digital, WE Studio D

Insight & Analytics Lead

Insight & Analytics Associate Analyst

Senior Designer, WE Studio D

Designer, WE Studio D
Singapore Content Matters 2014 Research Report - Waggener Edstrom

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Singapore Content Matters 2014 Research Report - Waggener Edstrom

  • 1. SINGAPORE 2014 EdItION Content MAtteRS the IMpACt of BRAnd StoRytellIng onlIne Understanding the role of digital content on Asian consumer decision-making and business ROI Philippines India Indonesia Vietnam Hong Kong China Singapore South Korea A 2014 Asia-Pacific Industry Research Report
  • 2. 1
  • 3. 1. InTROdUCTIOn The role of communications and marketing professionals today, from the PR and marketing manager to the CMO, is to connect actions to outcomes. branded content in real-time. consumer decisions. Strategic content is the basis of strong corporate narratives and authentic brand storytelling.
  • 4. does content really matter and, if so, to what extent? connect spending to bottom-line results.
  • 5. 2
  • 6. 2. AbOUT WAggeneR edSTROM (We) Waggener Edstrom Communications (WE) is a global, independent integrated communications agency that has CHInA KOReA We Offices We Affiliate Offices JAPAn HOng KOng VIeTnAM PHILLIPPIneS IndIA SIngAPORe IndOneSIA AUSTRALIA
  • 7. digital, mobile, and social platforms. Media planning Digital readiness training Community management Audience insights Content management Measurement solutions Integrated media reporting
  • 8. 3
  • 9. 3. UndeRSTAndIng COnTenT MARKeTIng Content marketing can take on many shapes and sizes. As far as marketing tactics go, it can range from managing a corporate Twitter handle to publishing regular eNewsletters. A list of common content marketing tactics include: SOCIAL MedIA UPdATeS PR ACTIVITIeS dIReCT edMs SHAReAbLe Web COnTenT ReSeARCH And WHITePAPeRS eneWSLeTTeRS VIdeOS Web eVenTS Although this list can be helpful, it does not get us to the core of what content marketing is and why it’s important. In its most basic form, content marketing can be viewed as a way for brands to become storytellers. The Content creative requirement (i.e. art) for content marketing to be successful, which is done through storytelling. returns. This can be a scary prospect for marketers today, especially with growing pressures from the executive branch to prove the value and returns gained from their marketing and communications spend. boardroom discussion topic. Our aim with this study is to create a measurement framework for content marketing in business and to better understand in key Asian markets.
  • 10. 4
  • 11. 4. MeTHOdOLOgy Hong Kong, India, Indonesia, Japan, Korea, Philippines, Singapore, and Vietnam. business sectors. MObILe deVICeS COnSUMeR eLeCTROnICS & APPLIAnCeS FOOd And beVeRAge PROdUCTS PeRSOnAL CARe PROdUCTS TRAVeL & TOURISM HeALTHCARe Feature Phones TVs Packaged drink Products Shampoo Flights Smartphones dVd/blu-ray players Moisturizer Hotels Over-theCounter Medicine Tablets Packaged Food Products Toothpaste Car Rentals Fridges, Stoves, Microwaves deodorant Travel Packages eReaders Makeup Prescription drugs gaming Consoles Consumer Medical devices PURCHASe beHAVIOR buying Cycle Figure 1 Purchase behavior nutrition Products Advocacy engagement
  • 12. Sector How much do you spend on products or services MObILe deVICeS Per purchase COnSUMeR eLeCTROnICS Per year FOOd And beVeRAge PROdUCTS Per week PeRSOnAL CARe PROdUCTS Per week TRAVeL & TOURISM Per year HeALTHCARe Per purchase Table 1 Purchase frequency borders and business sectors. promoter score metric presented by Reichheld. Rating Advocacy Level Interpretation 0-6 detractors extremely unlikely to recommend 7-8 Passively Satisfied Somewhat likely to recommend 9 - 10 Promoters extremely likely to recommend Table 2 Net promoter score
  • 13. The net promoter score is determined by subtracting the percentage of detractors from the percentage of promoters. than content created through other channels or tactics. Quite the contrary, as brands need to consider the full spectrum Social Media Marketing enewsletter PR Advertorials Research & Whitepapers Low Frequency Content Figure 2 Spectrum of content exposure High Frequency Content
  • 14. 5
  • 15. 5. COnTenT MARKeTIng & bRAnd STORyTeLLIng (Harad, 2013)
  • 16. and retention. as the gold standard for success. The value co-created between a business and its customer as a result of any interaction enabled by content created by that business. the brand.
  • 17. Value definition example Financial benefits that generate wealth and financial solvency for the business. Revenues Cost savings Operational benefits that generate improved operational capacity for the business. Operational efficiency Product or service development Innovation Relational benefits that improve the relationship between the business and its customers Improved brand health Rebranding Table 3 Types of business value Value definition example Functional benefits that provide tangible utility to the customer Using a smartphone to stay connected with friends or family driving a car to work to shorten your commute Improving your finances after meeting a financial planner emotional benefits that result in a change in the Reduced anxiety after counselling Increased confidence from buying new clothes Increased motivation after completing a university or college degree Social benefits to 3rd party entities, whether human (e.g. a family member, a local business owner) or non-human (e.g. the environment) donating to charity buying fair trade coffee Planting a tree Table 4 Types of customer value
  • 18. Functional emotional Social VALUe CO-CReATIOn bUSIneSS CUSTOMeR Relational Financial Operational Figure 3 Value co-creation term impact. behavior definition Purchase Cycle How much consumers spend and how frequently they purchase Advocacy How likely consumers are to recommend a brand to friends, family or colleagues engagement How likely consumers are to follow brands on social media How likely consumers are to obtain information about products and services on social media How likely consumers are to share information about products and services on social media How likely consumers are to look for the latest deals and promotions on social media How likely consumers are to participate in contests and giveaways on social media How likely consumers are to click on advertisements or read advertorials posted by brands that they like Table 5 Types of purchase behavior
  • 19. 6
  • 20.
  • 21. category. MObILe deVICeS COnSUMeR eLeCTROnICS FOOd And beVeRAge PeRSOnAL CARe PROdUCTS and healthcare. Per week FOOd And beVeRAge Per purchase HeALTHCARe TRAVeL & TOURISM HeALTHCARe
  • 22. brand. 8.0 MObILe deVICeS MObILe deVICeS COnSUMeR eLeCTROnICS 6.3 FOOd And beVeRAge obtain information share information about products and services on social media about products and services on social media PeRSOnAL CARe PROdUCTS TRAVeL & TOURISM look for the latest deals and promotions like to participate in contests and giveaways on social media on social media HeALTHCARe AVeRAge ACROSS ALL SeCTORS click on advertisements or read advertorial content
  • 23. 6. ReSULTS - HIgHLIgHTS ACROSS ASIA-PACIFIC brands on social. for the brand
  • 24. Despite personal care and consumer electronics and appliance brands
  • 25. Kong, India, Indonesia, Japan, South Korea, Philippines, Singapore and Vietnam. the results. on social media. MObILe deVICeS COnSUMeR eLeCTROnICS FOOd And beVeRAge PeRSOnAL CARe PROdUCTS TRAVeL & TOURISM HeALTHCARe
  • 26. TWITTER WECHAT Rarely Occasionally brands on social media. Per purchase MObILe deVICeS Per year COnSUMeR eLeCTROnICS Per week FOOd And beVeRAge Per week PeRSOnAL CARe PROdUCTS Per year TRAVeL & TOURISM Per purchase HeALTHCARe
  • 27. 7.94 MObILe deVICeS 6.67 COnSUMeR eLeCTROnICS 7.38 6.22 7.33 FOOd And beVeRAge 5.93 7.24 PeRSOnAL CARe PROdUCTS 5.63 7.03 TRAVeL & TOURISM 5.06 7.18 HeALTHCARe 5.64 obtain information share information about products and services on social media about products and services on social media look for the latest deals and promotions like to participate in contests and giveaways on social media on social media click on advertisements or read advertorial content
  • 28. 7
  • 29. 7. ReCOMMendATIOnS term relationship, and you need to focus on creating great content through a sound
  • 30. media usage and brand engagement online do not go hand-in-hand. Simply posting you to go beyond simply posting promotional material online by creating a dialogue
  • 32. LeARn MORe China Senior Vice President Singapore Hong Kong India Managing Director Healthcare Practice Lead Technology Practice Lead Head of Digital, WE Studio D Digital Lead, WE Studio D India Digital Lead WE Studio D Insight & Analytics Lead Singapore Digital Lead, WE Studio D
  • 33. AbOUT THe COnTRIbUTORS Head of Digital, WE Studio D Insight & Analytics Lead Insight & Analytics Associate Analyst Senior Designer, WE Studio D Designer, WE Studio D