A very elegant and decent brand building commercial by Louis Vuitton. One sentence strikes me: "A journey does not only show us the world, but how we fit in." If there is one aspect that luxury companies have neglected in Japan, then it is the cultural context, to study the setting, the broader context, societal rules, finer shades of meaning and semiotics. Luxury is social, it is cultural. Brands tend to ignore cultural changes and the meanings that brands can construct within them. "As long as it works, ..." the message of A CEO from a luxury company selling with great success in the Japanese market. But why does it work? What does this mean? What do customers think about your brand, about your products? If you would ask ten companies if they are sure about what their own customers are really thinking about them, what associations they connect with the brand, you would probably get ten negative responses. Marketing experts in Japan tend to guess. They give up on the possibility to really understand the dynamics that govern luxury consumption in Japan.
Understanding what position the customer holds in the brand image, what he thinks and feels when purchasing, what impression a customer has when she clings to her bag to provide her with social security, with acceptance within her peer group network... There are many opinions, many surveys that barely scratch the surface due to organizational constraints. Nearly no one makes the effort to ask the customer. Directly. Focus groups are not the same as engaging in conversations.
There is a way to enter the minds of Japanese consumers, to engage them with the brand, to make the brand part of their lifestyles, thoughts and dreams. To do so, you have to understand the journeys they want to take, the daily cultural patterns, their dreams and the power of social gratification and stratification at work every day, through all age groups and parts of society. There are patterns that want to be discovered. Don't spend your time in the office. Start the day as a marketing expert by drinking coffee in Omotesando, watch people, talk to them, engage them. Say goodbye to corporate structure and educate yourself, taking the best source available: the consumers.
Accessing wealthy clients and marketing to rich people in Japan represents a major challenge. In a shrinking market, knowing how to deal with affluent consumers who often form the solid base for a brand, can become an essential asset. In order to understand how rich people spend, it is important to understand brand images. Japan Access will conduct a study which is the first to take a detailed look on the way HNWIs in Japan perceive luxury brands, hotel brands, high-class travel agencies and concierge services.
The specificity of the survey is summarized in the following points: - We are accessing a network of 7,000 HNWIs which was built up over a course of 8 years through personal interaction by a Japanese HNWI specialist. The relationship of trust that our Japanese business partner has with those rich Japanese enables the execution of the survey. - The length of the survey would normally make it impossible to make HNWIs answer it (it takes longer than 1 hour to fill out). In our case, the HNWIs have agreed to support our study and invest their time to provide us with detailed information on their consumer behavior. - Sensitive data (assets, income, real estate ownership), that was accumulated over the course of 8 years, will be connected to the information we will gather through the survey. The results will be anonymised in order to protect the privacy of the respondents. - The survey includes hand-written essays, hand-written statements on brand perceptions, and a personality analysis. - We are able to interview and survey the same individuals again, making it possible to construct longitudinal studies.
We selected 500 individuals from the 7,000 HNWIs resulting in the demographics shown in the figure HNWI_SURVEY SAMPLE.
Instead of constructing the questions based solely on our own expertise, we welcome the input of industry experts.
Through a cooperation of the industry with our researchers, it would be possible to create a win-win situation. Parties who are highly interested in questioning Japanese HNWIs will be able to influence the questionnaire to fit their specific needs. We would be able to get a clearer picture of what questions are of high value and relevance to the industry.
The following table provides more details on the categories of the questionnaire and which specific questions we are planning to include.