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Tag Archives: malaysia

A Look Into Malaysia’s eCommerce Scene in 2012

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February 20, 2013

| Jan Wong

So the team and I at OpenMinds Resources recently put together our findings we conducted on the local eCommerce scene into an infographic and discovered a number of stuff that did surprise a bunch of us.

We found that guys tend to make online purchases more than the fairer gender, payment via cash on delivery out weighs bank transfers and exclusive deals doesn’t necessarily command an immediate purchase (despite us Malaysians being quite crazy over bargains). You can read about the findings here or directly from the infographic below (click for larger image):

eCommerce scene in malaysia 2012

Where do we go from here?

If your business is situated in Malaysia or are facing a similar market outlook, here are 5 points to consider to turn these findings to your advantage:

#1: Offer credit card checkout options

This may seem obvious but most small sized online retailers do not offer such options to their customers for various reasons including high transaction fees and technical complexities.

What you may want to explore is to utilize a credible payment gateway such as PayPal, iPay88 or MOL Pay in Malaysia as setting them up aren’t difficult at all. As for the high transaction fees, I’d rather not lose out on the 58%.

#2: Consider meetups to drive sales

The biggest disadvantage of an online store to the customers is the inability to physically see and feel the product. Having that said, a no obligation meetup to showcase your products may not be a bad idea though costly to you at first.

What you want to achieve here is to boost your credibility. I recently made online purchase of a shirt myself and I was pleasantly surprise that the retailer was more than happy to provide an exchange of size at no additional cost should it not fit me.

#3: Be detailed when providing product info

Instead of putting all your effort in writing a sales pitch for your product, try to be descriptive. Saying your product can change the world in a click and how awesome and limited they are won’t cut it. Instead, say HOW it can change the world and in what way will it function will do a whole lot better.

Of course, the price has to be clear too. Nothing annoys a customer off more than having an unclear pricing mechanism.

#4: Consider REAL product reviews

One of the reasons why sites such as Amazon.com and TripAdvisor.com are loved by many is because of its reviews. Real, honest reviews by fellow customers.

I know this sounds like a risk to many retailers but it works. Not only you’re able to obtain real feedback from your customers, you’re getting them to do the selling for you!

user submitted photos as product reviews

BlackMilk Clothing turns real reviews up a notch by encouraging customers to submit a photo of themselves in the dresses they sell. This not only shows other customers how that dress may look like on them, but not also have a user-generated pool of photos. Brilliant!

#5: Create exclusive offers… and gain from it!

Group deals are still pretty big over here in Malaysia and that’s great for us consumers. The problem is that retailers tend to rely on these deals as a means to drive sales and eventually find that these deals are not sustainable, which is true.

Don’t just create an offer and throw it off the street. Ask yourself, how can you maximize it to your benefit? Could it be a good opportunity to grow subscribers? To amass reviews or feedback? To get them to bring their family and friends along?

Check out: How to manage a group deal for a small business

What are some other observations you’re able to gather from this research? Would love to hear from you!

 Insights, Marketing, Research |  business owners, infographic, malaysia, online, report, trend |  Comment

Internet Blackout in Malaysia Against Section 114A

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August 14, 2012

| Jan Wong

When I first heard the news, I thought it was a joke somebody is trying to pull… but it isn’t. Section 114A is real.

What is Section 114A?

Section 114A is an amendment made recently to the Malaysia’s Evidence Act 1950 and gazetted on 31st July 2012 with the purpose of holding those that publish seditious, defamatory, or libelous content online accountable to their actions. While it seems harmless, this takes a toll on any owner, administrator, host, editor, subscriber of a network, website or digital devices.

Yes, that includes just about anyone!

Here’s a very helpful infographic on how Section 114A works (click for larger view):

How will Section 114A impact you

3 Reasons Why Section 114A May Impact Businesses In Malaysia

#1: Bloggers and social media managers will have to be extra vigilant

As illustrated in the infographic, you will need to be responsible for the comments left on your blog or Facebook page as you may be penalized for what is posted by your friends, fans, followers AND strangers. This may also mean that it will be a better idea to delete these comments upon sight rather than leaving them public.

#2: Public WiFi networks will have to be taken off

Unless you have certain monitoring methods in place, it may be a better idea to no longer share your WiFi network. Doing so may risk the potential of others in utilizing your network to post defamatory remarks with you taking the blame.

#3: WiFi will not be used at workplaces or homes

Similar to #2, if someone taps into your network and breaks the rules, you are to be blamed! Unless you can prove otherwise, that is.

Section 114A comic strip

So, do we really need Section 114A?

My answer is no. While I see there is a good intention behind it, it really makes no sense to penalize internet users (especially when they already are the victim). Section 114A really seems like the easy way out by saying “since we can’t catch the culprit, let’s catch the network’s owner instead”.

What are your thoughts?

 

 

 

 

 

 

 

 

 Personal, Technology |  malaysia, online |  3 Comments

KL Social Media 2012

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August 6, 2012

| Jan Wong

FB - Socially Devoted Countries [2012]

Social media is not something new in Malaysia and is widely utilized as a marketing channel across businesses and corporate organizations alike. In fact, a recent research by SocialBakers reported that Malaysia is among the top 10 most socially devoted countries on Facebook, led by corporate titans such as AirAsia!

However, many businesses are still trying to catch up with the rapid pace to see how can they effectively reach out to their target audience on social media networks as Malaysia is quite diverse in culture after all.

That said, there’s an upcoming event that I’m pretty excited about – the KL Social Media 2012 which is a gathering of different industry players to network, share ideas and to learn more about the ever changing landscape of social media.

KL Social Media 2012

The event will be held on the 25th August 2012 (a Saturday), from 3pm to 6pm at Midi57 Bangsar, Kuala Lumpur with a range of speakers from various industries on topics such as mobile marketing and the usage of LinkedIn for businesses.

If you’re interested, do drop them a line at [email protected] or call 03-21697386. Tickets are sold for only 60MYR, inclusive of food and drinks and a special door gift.

To find out more info about the event, the speakers, the topics and the prizes you may take home (including a book by Neal Schaffer!) lined up, head over to the event page and join the fun!

I will definitely be there so if you’re coming along, do drop me a note and we can probably meet up to have a chat over coffee or something. See you there! :)

Disclaimer: this event is organized by a friend of mine which is an advocate for making online marketing more human and blogs over here.  

 Personal |  business owners, event, malaysia, online, social media |  Comment

Brand Focus #12: Online PR Gone Bad [Paradigm Mall]

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May 31, 2012

| Jan Wong

Online PR have always been a popular topic among marketers and social media enthusiasts and I really don’t blame them because it IS an important topic to address and for some reason, I’ve been bumping into some really bad PR campaigns online lately. Take for an example Mayo Clinic where they posted an article on their blog on ectopic pregnancy right beside an ad for ‘cute little dresses’, the recent outbreak of really bad customer service with KFC Malaysia and more recently, with a newly opened shopping mall in Malaysia (see below). 

What went wrong?

I don’t know about you but I got a shock reading the reply from the management or their supposed social media team. You’ve guessed it right – this immediately turned viral where customers started creating photos, videos and tagging their friends into what they are calling the ‘magical moment’.

3 Things to Learn from this Incident

#1: Speed Matters

If there’s anything I’ve learnt through the years, consumers want to be noticed and wants an answer yesterday (no, this is not a typo). They are not inclined to know that you are on a holiday or whether it is a weekend. To them, social media does not sleep because they aren’t, and they want to hear from you.

#2: Never Fight Fire with Fire

Dealing with customers is tough. And it’s normal. There are days where you just aren’t in the mood and here comes this customer with a complain that drives you up the wall. Stop, take a walk and reply positively. It is never, ever a good thing to be sarcastic, unapologetic or to even outsmart a customer – it’ll just make matters worst.

#3: Never Let the Fire go Wild

A wildfire is the last you want to start online. Sure, mistakes do happen but you must be able to sniff out fire and put them out within the shortest time available. Never let it go unnoticed, thinking that it’ll eventually go away because it won’t. And when it starts going out of hand, things will be harder to fix.

What to do if you can’t seem to keep up?

#1: Bring it Off-Grid

If things go out of hand (or you’re already sniffing fire), try bringing the conversation off-grid – whether it is through email, a phone conversation, a direct message on Twitter or Facebook’s ‘message’ feature with the new Timeline update. Politely request for a change of platform and in most cases, customers do comply as they too want their problem fixed.

#2: Get a Trained Team

While going off-grid may make things better, you don’t really want to get there in the first place. Make sure your team is well trained to handle situations like these. Have a guideline in place spelling out the do’s and don’ts and make sure the guidelines are readily available.

#3: Make Things Clear

If time is out of your hands, you may want to consider announcing your ‘customer service’ hours. While this is not exactly the best way to go about online, this method will be able to set an expectation among your customers by telling them when will you be available to reply accordingly.

Social media platforms have become so important that most businesses today see the need of leveraging on its potential, but there is a greater need to be able to MANAGE these platforms to achieve that potential.

Paradigm Mall is just one of the many examples out there and I would love to hear your experiences on other online PR disasters too!

p.s. The management of Paradigm Mall publicly apologized on their Facebook page a couple of hours after the incident and to that, a job well done!

 Branding, Insights, Marketing, Social Media |  brand focus, business owners, buzz, facebook, malaysia, online, social media, viral |  2 Comments

Social Media for Entrepreneurs: An Introduction

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February 29, 2012

| Jan Wong

About two weeks ago I was invited to speak to 120 aspiring entrepreneurs at a workshop hosted by Prudential Malaysia under the RU Ready campaign, specifically targeted towards college / university students and young adults. It was an exciting opportunity as I always enjoy sharing with young people but yet a humbling experience to be speaking alongside two well established entrepreneurs, Candice Lee (Sales Director of Capital Asia Group) and Timothy Tiah (Co-founder of Nuffnang).

Speaking to young entrepreneurs always reminds me of the excitement of being an entrepreneur, especially when you’ve a new idea in mind. You just can’t stop thinking and talking about it with the intention to grow the idea and eventually commercializing it. However, any entrepreneur would tell you that the journey won’t be easy. It’ll be tough. That’s because…

Entrepreneurship isn’t science

One of the key attributes of an entrepreneur is to not fear failure, so much so that if you’re afraid of failing, you won’t cut it as an entrepreneur. It is a never ending journey of trial and error and what worked for Mark Zuckerberg or Steve Jobs may not work for you, simply because there’s no one fixed formula to success in entrepreneurship.

Similarly, there is no fixed formula to social media success

In the excitement of establishing a new business as an entrepreneur, many approach social media as if it is the cure to business problems or the formula to a successful business. The thing is, entrepreneurs must remember that building your social media presence is similar to building a business. It takes time, commitment and dedication that grows through time.

Social media can be part of the cure or formula, but never THE cure or formula

Social networks are a gift to entrepreneurs. It is only until the introduction of social networks that entrepreneurs are able to start at a faster pace. Think about it – you’ve resources on blogs, video content on YouTube, and a whole world to explore and to be in contact with potential investors, partners or buyers via Facebook, Twitter and LinkedIn.

Is there more?

This is the introduction to a 4-part series on social media for entrepreneurs so stay tuned for more!

[ Introduction | Part 1: The Basics | Part 2 | Part 3 | Part 4 ]

Here are the slides to my sharing session at the workshop if you’re interested:

Social Media for Entrepreneurs

Quick access to the series:
[ Introduction | Part 1: The Basics | Part 2 | Part 3 | Part 4 ]

 Entrepreneurship, Insights, Personal, Social Media |  business owners, entrepreneurs, entrepreneurship, event, facebook, malaysia, mindset, next generation, online, planning, social media, social media for entrepreneurs series, speaker, trend, twitter, web 2.0, workshop |  5 Comments

A Crawling Restaurant Experience @ The Hungry Hog

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January 11, 2012

| Jan Wong

It was my mum’s birthday last weekend and we decided to head to a nearby cozy local restaurant for a simple celebration dinner. It wasn’t our first time there so we ordered our usuals and all was well… until my dad started swinging his leg about. He stood up and lo and behold, a cockroach fell out of his trousers. Yes, it crawled into his trousers when we were eating. Disgusted, we decided to get the bill and leave.

Being concerned customers, we told the waiter (or what seemed like the boss) what happened and to my disbelief, she just shook her head saying:

“Sorry, it’s too bad. I just got in so I didn’t see what happened.”

Followed with the bill, with a 10% service tax and the usual 6% government tax.

What was she thinking!?

Now, we weren’t expecting a discount or a free meal but it would be nice if we got a (nicer) apology rather than a (very) poor excuse. While you’re nodding your head in agreement (I’m guessing you are), it’s amazing to see similar occurrences happening even on digital platforms. From the recent Paul Christoforo to Versace’s Facebook wall-closing incident, we can learn two things:

1. Treat your customers like customers. Sure, some customers can be a pain and customers are not always right but they’re still your customers. Did you know that for every 1 complaint received, there are 26 others that did not complain, making up to 10,000 dissatisfaction?

2. Avoiding the situation won’t make things better. In fact, it’ll get worse. In the case of Christoforo, let’s just say that his career is over. As for Versace, well, they got a whole lot of blasting themselves from fans and supporters.

With all that said, it is important for businesses today to remember that…

Customers today are social customers

They no longer are customers who purchase blindly and allows you to get away with things easily. The proof?

social media supporting consumer decision making in malaysia

click for larger image

Malaysians actually rely pretty heavily on social networks to receive advice prior to making a purchase. On top of that, 78% of the Malaysian internet population are on Facebook and 31% of them has a blog on Blogger (source: Nielson Research). This also means that if they don’t like you, there’s a 78% chance you’ll end up on their Facebook wall or in a blog post somewhere in the digital world.

What happens in the digital world? It gets worse

Not only the complaints are visible to potential customers, they are permanent. And since these content are user generated, you have no way of removing them. A well optimized complaint on a blog will probably guarantee frontage results across search engines. Same goes to negative reviews on FourSquare, Amazon, eBay or TripAdvisor and shared across Facebook and Twitter.

Think about it – would you really want that for your business? What if you’re able to turn that around to a positive testimonial instead? Wouldn’t that be good? I’m sure it is.

With an experience like that, will we go back there again? We won’t. Will you?

 Personal |  business owners, crm, customer, malaysia, social media, web 2.0 |  12 Comments

4 Social Media Predictions for Malaysia 2012

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January 6, 2012

| Jan Wong

2011 has been an amazing year in the digital realm. From the major Google Panda update somewhere in February 2011, to the design overhauls with major social networking sites such as Facebook, Twitter, YouTube and even StumbleUpon, the introduction of Google+, the beta launch of Kred and the list goes on.

What excites me most is that more and more businesses are seen to be adopting and experimenting on social media, leading towards exciting times for both marketers and consumers alike in 2012 – a concrete indication that social networking is indeed changing the way we communicate, do business and definitely not a trend.

Having seen all that, have you wondered what 2012 would be like for social media? Here are my four (4) predictions of social media in Malaysia for 2012:

Prediction #1: Increased social media adoption among small business owners

Why: Social media campaigns have been prevalent in larger corporations throughout 2011. However, small businesses (known as Small-Medium Enterprises) makes up the largest business establishment in Malaysia with 99.2%, equivalent to 518,996 businesses in which the huge majority (86.5%) are in the services sector which includes retail, restaurant and wholesale businesses. (source: Census of Establishments and Enterprises 2005)

What does this mean: With larger corporations leading the way in 2011, the SMEs in Malaysia have tangibly seen the implementation and results of different online marketing campaigns and may emulate the success. On top of that, the nature of businesses in the services sector (especially B2C) can greatly reap the potential of social media networks.

If you’re a small business owner, here’s a bonus article on why your business benefits best on social media.

Prediction #2: Rise of social commerce

Why: Malaysians spent MYR 1.8 billion on online purchases back in 2010 . In 2011, there was a rise of e-commerce enabled websites (putting behind the usual blog layouts), electronic marketplaces (e.g. Mudah.my, AsiaAsiaMegastore.com), digital services (in government and private sectors alike), group buying sites such as Groupon and the recent opening of PayPal’s Global Operation Centre in Malaysia. To top it off, these businesses have been promoting their sites across social networking platforms using various methods with 94% of Malaysian online consumers using social networks as a guide to shopping (source: Nielsen Company).

Before and After E-Commerce Integration: Online Fashion Entrepreneur – Soul Chic (from the MOFEW community)

What does this mean: Businesses in Malaysia are beginning to recognize the importance of using electronic mediums while consumers are experiencing the convenience of online purchasing. Having that said, consumers may grow and continuously seek social proof or recognition from their peers and businesses when making a purchasing decision.

Prediction #3: Increased importance of social media integration in marketing campaigns

Why: Existing local business pages on Facebook have been using similar strategies in building their presence using various promotional campaigns such as sweepstakes or contests in which will continue to grow. Having said that, competition will increase having to attract the consumers’ attention which may lead to the need for more innovative or integrated social marketing campaigns to break out from the norm.

Local businesses such as the above video are already innovating to be different from their competitors.

What does this mean: As business competition increases across platforms, the demand and expectations among consumers also increases. This demand may act as a requirement benchmark in which businesses have to keep up (or surpass) with, whether it is the level of engagement, method of engagement or even the tools of engagement.

Prediction #4: The growth of mobile

Why: The growth of smart phone users in Malaysia is scary. A recent report by Nielsen’s online consumer survey in Malaysia revealed that the number of smart phone users are expected to rise from 48% to 89% within a year.

Crowd at iPhone 4s Launch Malaysia

Thousands of people queuing at the launch of the iPhone 4s. Image source: www.yogaretnam.com

What’s even more interesting is that 83% of existing smart phone users are using free apps while 37% are on paid versions.

What does this mean: This suggests that the penetration rate of smart phone users are not as low we thought it has been and people with such devices ARE using mobile apps. We may be able to see a rise in the adoption of mobile driven / optimized websites, apps, mobile games or a wider use of quick response (QR) codes.

What do you think?

 Branding, Insights, Marketing, Personal, Social Media, Technology |  business owners, malaysia, prediction, social media |  4 Comments

Brand Focus #11: Interactive Videos As A Social Media Marketing Campaign [Wing Heong]

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January 4, 2012

| Jan Wong

The local dried barbecue meat industry in Malaysia has always been competitive especially when the Lunar New Year is around the corner as it is commonly made as gifts during the festive season. The delicacy producers, however, have been relying on traditional promotional methods over and over again – television commercials, radio commercials, print ads, in-store promotions, roadshows to popular shopping malls, giving out free samples and etc until recent.

The Change

Wing Heong, one of the producers of this delicacy decided to make a change. A change in which was told (after the campaign) that yielded unexpected results and a visible increase in sales – all through a single interactive video (as below) shared primarily on Facebook.

My first reaction was: “Whoa! This is REALLY smart!” and I instantaneously shared it. The thing is, I wasn’t the only one.

Here are three (3) important aspects to learn from this interactive video social campaign:

#1: One size cannot fit all… Know who you’re targeting

The barbecue dried meat has been a delicacy for years especially among the Chinese community during the Lunar New Year. This product has been popular among the older generation and Wing Heong wanted to go beyond that – to also reach the younger (tech savvy) generation of today which led to the development of this campaign. If you would to think about it, a full-fledged digital campaign may not be able to reach their existing (more mature) customers as there’s a digital divide – it was a risk they were willing to take which leads to my next point…

#2: To know them well… And use the right approach

“We came out with the Superhero character called ‘Yok Man’ to represent the new generation and to rebrand Wing Heong so it would be perceived as a young and vibrant brand as opposed to a traditional brand.” – Wilson Pee, creator of the interactive video campaign

Wing Heong took time to understand their audience. They knew they needed to be different from their competitors who were also using digital animation to reach out to the consumers. They created an animated character that was closely representing kungfu legend Yip Man that was made popular in a recent Hong Kong made movie, a movie the local Chinese were able to identify to easily.

On top of that, the fictional storyline is closely knitted to Malaysia and the introduction of another popular local delicacy, the Seremban Siew Pau (baked dumpling) to draw a greater relation with the Malaysian-Chinese target audience.

#3: Drive them home… By giving them something to remember you by

Marketers understand the importance of creating memorability with their consumers. Visuals and content are both important and great but what makes a campaign memorable? With a young and engaging story line in place, the creators of the Wing Heong campaign allowed their target audience to actively interact with the characters itself by punching in commands to assist ‘Yok Man’ in defeating his enemies.

The Results

This interactive video garnered 565,792 views to date, shared over 131,000 times and “Liked” over 243,000 times on Facebook.

If an average Facebook user has 130 friends, the video and the name ‘Wing Heong’ has potentially reached more than 17 million impressions on the most popular social network in Malaysia. Sure, anyone can create an interactive video and it may garner even more views but what made Wing Heong’s campaign standout wasn’t just the video but the ingredients and groundwork behind it that made it work.

The combination of the above made the character ‘Yok Man’ into an immediate icon simply because the consumers are now able to identify a kungfu legend and an engaging story line to the brand.

 Branding, Insights, Marketing, Social Media |  brand focus, business owners, buzz, malaysia, online, social media, video, viral |  Comment

Social Media Integration Framework

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December 5, 2011

| Jan Wong

Social media is no longer something mysterious to businesses and the number of businesses integrating and accepting social media as part of their branding and marketing efforts are increasing as time passes. The question is – how many of them are successful in doing so? Business and social media experts generally agree that social media works when it is done right – through understanding your target audience, actively engaging and to be human when interacting.

The Problem

Having that said, why do businesses still find it difficult to integrate social media into marketing strategies? With so many businesses all around the world hopping unto different social media platforms fighting for attention from the consumers, how can organizations today engage the target audience effectively?

The Research Problem - Social Media Integration Framework

With these questions in mind, I decided to write a research paper and to propose a Social Media Integration Framework to assist organizations (brands) when integrating a social media strategy. The research is split into two different parts where Part 1 is merely the preliminary stages of the framework (i.e. planning and design); while Part 2 will be an in-depth research upon the actual implementation / execution of the planned social media strategy.

Here’s the proposed Social Media Integration Framework:

Social Media Integration Framework

The framework is basically a walkthrough of different phases for organizations that are looking at integrating social media that spans from identifying the objectives to the actual launch. It is meant to be a guide for marketers / decision makers on how to go about integrating social media to better their chances in being successful by ensuring the strategy produced covers the important aspects.

To test the importance of having a clearly defined social media strategy, this research compared three (3) different organizations of similar criterias:
1. from the FMCG industry;
2. have an existing social media presence quantified by a minimum of 45,000 Facebook fans and minimum page views of 500,000 – 1,000,000 monthly
3. have their social media goals derived from not more than 1% of existing traffic
4. looking to increase fan base, page views and engagement with their target audience

These organizations utilized different social media strategies where:
Company A – had no specific social media plan / strategy with a simple microsite
Company B – had a specific target audience with a product based microsite with Facebook sharing
Company C – had a specific target audience, Facebook contest microsite with sharing and online banners
Note that Company A has no social media strategy in place where Company B and C has a social media strategy derived from a process that resembles the proposed framework

The Findings

Research Results - Social Media Integration Framework

From the findings above, it is seen that Company A struggled to meet their goals while Company B and C surpassed them. As seen in Company C, a well planned strategy and by being relevant to the target audience can in turn generate a larger response and level of participation. This may very well indicate that consumers are likely to participate with a brand should it be relevant to them.

This can be done by first identifying the objective(s) of brand in integrating social media, identifying the target audience and the relevant channel(s) before even attempting on putting together a strategy as illustrated in the diagram above.

What’s Next?

Right level of activity increases participation on social media

This preliminary research only indicates the importance of having a well defined social media strategy in today’s businesses to maximize the level of participation with your target audience. Part 2 of the research will be looking at Part 2 of the model, the relationship between the content and the audience and an introduction to methods of monitoring social media efforts.

It will take a while before Part 2 of the research is done so hang in there!

If you’re interested in this research and would like to receive a copy of the research paper, simply leave your details below and I’ll personally drop you an email with it! On top of that, you’ll be informed when Part 2 is ready :)

    Note: the academic research paper entitled “Social Media Integration Framework in the Creation of Brand Strategy: Preliminary Stage” is written by Jan Wong & Albert Quek and was presented at the Global Communications Conference 2011, expected to be published in 2012.

     Branding, Insights, Research, Social Media |  experiment, facebook, framework, malaysia, online, research paper, social media, web 2.0 |  Comment

    14 Attributes for Your Entrepreneurial Success from Silicon Valley Icons

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    October 22, 2011

    | Jan Wong

    What makes a great entrepreneur? Is it the skills, the mindset, or perhaps the money? So I had a golden opportunity to attend a 2-day conference – Silicon Valley Comes to Malaysia and this conference brought together many great entrepreneurs including Shawn Fanning (co-founder of Napster), Jawed Karim (co-founder of YouTube), Jeff Hoffman (co-founder of Priceline.com), Konstantin Guricke (co-founder of LinkedIn), Naval Ravikant (founder of AngelList), Jonas Kjellberg, Paul Bragiel and many more to encourage and assist local entrepreneurs here in their endeavors.

    Silicon Valley Comes to Malaysia

    The two-day conference was filled with power packed sessions and the opportunity to network and build relationships with other entrepreneurs was amazing. I even bumped into Krystle (@mskrys) from Twylah for the first time beyond the avatar.

    Okay, enough talking. Let’s (finally) dive into the 14 attributes of how you can make it as an entrepreneur I took home from the Silicon Valley icons themselves:

    #1: Codes are the new literacy.

    You cannot afford to be technologically illiterate when the world is now built on codes. Learn to code!

    #2: Do something that can accelerate and you like.

    Start something that is scale-able. Not because of the money, but because it is your passion.

    #3: Know what your customers want.

    Never get your friend to test your product. Go to the customers.

    #4: Given a choice and a limited budget, spend on marketing, NOT an office.

    You want to have an office like Google but that can wait. Focus on growing your business first.

    #5: You cannot do this alone. Get a co-founder.

    You’ll definitely need help. If not for extra hands, you’ll need him / her for morale support.

    #6: You’re not as smart as you think you are.

    The day you think you’re smart, that’s when you grow otherwise. Listen to what others have to say.

    #7: Surround yourself with people smarter than you.

    Don’t get intimidated by smarter people. You WANT smarter people to work with you.

    #8: Play the role you play best and let others do theirs.

    Never designate a role that others can’t play their “A” game in.

    #9: Build your team around their goals. Not yours.

    Have your team know what they want to achieve and work towards their goal. Support is important.

    #10: Document your failure.

    Never brush a failure aside thinking you’ve learnt from it. Get to it and examine the cause of the failure.

    #11: Don’t hire resumes. Hire character and integrity.

    Past experiences do not matter. Hire based on who they are and their contribution.

    #12: Don’t change the work to fit the people. Your people should fit a specific business objective.

    Don’t change your objectives because of your team. Have your team fit into your objectives.

    #13: You will fail. More than once. Get over it!

    Failure is a part of life. What makes you think you wouldn’t?

    #14: Compile data, connect the dots and ask the big question – “What can I do today that I couldn’t yesterday?”

    Be aware of what’s happening outside your comfort zone. Look out for opportunities that wasn’t made available yesterday.

    My favorite – Q: “What is the secret to success?” A: “When you’re busy looking for that, I was busy working for it”.

    Which of the above resonates with you the most?

     Entrepreneurship, Personal |  business owners, entrepreneurs, entrepreneurship, goal setting, life game, malaysia, mindset |  3 Comments

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