In the first quarter of this year, our publication has received an increasing number of enquiries from Malaysians regarding Tan Choi Sdn Bhd.
It seems that members of the public have been offered, “something for nothing” and in investigative style we wanted to look behind the scenes of this company to see what was really happening because, “there’s no free lunch in this life”!
The Accounts & Regulatory Authority in Singapore record Tan Choi as being incorporated on the 3rd of December 2016 as an, ‘Advertising Agency’. We were reliably informed that the company has recently expanded to Malaysia. It seems that a growing number of companies have turned to Tan Choi in an effort to change their advertising from mass media to Incentive or Sample Advertising. This hits the second rule of Economics, Cost vs Benefits – a person is more likely to take action if the benefits rise and the cost is reduced.
We were interested to find out more. Tan Choi ethos was put simply by Managing Director Mr. Chee…
“We simply no longer believe what we see on television, but we do believe what we taste, touch and feel” -Chee, Tan Choi.
He continues… Customers have become more educated and less naïve as the romance of television has lost its magic. We simply do not believe what we see on TV or the internet.
But we do believe what we taste, touch and feel. So using market research Tan Choi perfectly matchmakes customers to our clients best products. This is a two-fold benefit. Reducing irrelevant offers to a mass while focusing the same resources on a smaller group and enhance incentives per person and stay within budget.
One example of incentive advertising by Tan Choi causing a stir was one of Singapore’s top ranked crowd funds run by Paramount Strategies Pte Ltd. *(please see our 2018 article on them below). The first entrant to their seminar received an Omega watch. Followed by a series of other incentives. Funded only by the budget set aside to publicise the event with advertising. Cutting out the middle-man for advertising filled the event with a warm and grateful crowd. In an attempt to hear first-hand the result we spoke to Mr. Mah, the director. He refrained from detailed comment other than to say…
“Thanks to Tan Choi, it was a very successful strategy indeed”. -T. Mah, Paramount Strategies Pte Ltd.
Closer to home, Eliza from Tan Choi informs us that she spends her days heading up a team of customer care agents reserving weekends away and holding car and cash prize lotteries for local Malaysians that have tried or trialled services and products relevant to their interests. So, there is nothing free in this life, participants have to make effort drive a new Porsche demonstrator in their “Porsche Experience day” for example. However, the latest trend in advertising will allow you to book a weekend away or receive the latest tech gadgets as a reward for trying a company’s offerings rather than a mass media flash-ad on TV or YouTube with no reward.
*Ref: Our 2018 Paramount Strategies article: https://yourvoice.asia/mr-stefan-johansson-stands-at-the-forefront-of-the-fastest-moving-leisure-property-purchase-platfom-trend-paramount-strategies/