Success Stories

Insider Japan Co., Ltd.

Insider, founded in 2012, is a digital company with headquarters functions in Istanbul, Turkey that provides various data and digital marketing solutions for client companies. The Growth Management Platform (GMP), the company’s core product, collects and unifies website visitors’ device (such as PCs and smartphones), behavioral, location, and other data types and provides solutions to deliver personalized marketing and maximize revenues, powered by AI and machine learning. The company has more than 800 client companies worldwide, including Singapore Airlines and Samsung Electronics. In July 2020, the company raised US32 million dollars in a Series C round of funding led by Riverwood Capital, joined by Sequoia, Wamda, and Endeavor Catalyst, attracting a lot of attention. The company already has 26 offices, mainly in Europe and Asia, including Insider Japan Co., Ltd., established in Tokyo in June 2017 to expand sales channels in Japan. We interviewed Ryota Ishisaka, Director of Insider Japan, about the company's expansion into Japan and business development in the Japanese market.

Establishment
2017/06
Destination
Tokyo

  • ICT
  • Turkey

Update : 2021/02

Targeting the enormous market with high growth potential in Japan

Hande Cilingir, cofounder and the company CEO, has had a determination since Insider's inception for not losing out to startups in the US or UK, pushing ahead with global expansion targeting large markets. Among the world's three largest markets, the US, China, and Japan, Japan drew the company’s attention as a country trailing behind the other two in digital marketing despite its many excellent products.

The company decided to establish a Japanese subsidiary despite having no local customers, judging that Japan would be a suitable business destination to cultivate the market and establish a leading position.

Promotion by "Give it a try"

It was not easy to cultivate the Japanese market. Still, through repeated trial and error, it has expanded the business by lowering barriers to adoption by customers and providing finely tuned services.

First, to mitigate the skepticism about using overseas companies’ services, the company offers GMP and all support free of charge for a month, getting clients to use them and experience the benefits directly. The company's product is easy to implement, simply by adding a line of codes to the client’s website, and authorizing relevant staff to access the Google tag manager. Japanese companies often involve internal approval procedures before signing a contract, which often becomes stumbling blocks for introducing new services and products. Insider has encouraged Japanese companies to “give it a try” and understand its services through measures mentioned above, resulting in subsequent customer acquisitions, says Mr. Ishisaka.

Three-legged race with clients to maximize the service value

The second key to expanding business in the Japanese market is the company's meticulous customer services. In Southeast Asian countries and other emerging countries, there is a culture in which clients discover the best ways to use GMP themselves through trials. In Japan, on the other hand, the practice of following the user manual is predominant. This characteristic is especially true for large corporations. For this reason, Insider made it a motto to go the extra mile beyond providing services and work closely with the client to make the most out of them. Insider explains all GMP functions directly to the clients for their use in developing and achieving marketing goals. While the industry standard is to report to the client once a month, the company does so twice a month, plus an additional review every quarter. The frequent reporting is part of the headquarters' strategy to increase touchpoints and enable the client to maximize the benefit of GMP. Carefully listening to and reviewing the client needs through “request-taking” activities allow the company to make various proposals for creating projects to work together with the client.

All team members of the company gather in Istanbul once a year for a retreat

Mr. Ishisaka says that the origins of the headquarters' elaborate customer service policy lie in the culture of "stand by and care for others." The way of thinking including the R&D division, penetrates its services and even the GMP product specifications. While delivering these ideas and thoughts by tailoring them to Japanese clients, the company plays a role as a " culture evangelist," says Mr. Ishisaka. Optimizing the software and services for the Japanese market has been the primary success factor for business expansion.

Characteristics of the Japanese market and prospects

In the three years since entering Japan, the number of clients has been gradually, but steadily, growing. Providing elaborate services to each client results in higher customer acquisition costs than in other Asian countries. Nevertheless, each business size is substantial, and once a client decides to use the service, it often enters into a long-term contract in Japan. As a result, headquarters' expectations for the Japanese subsidiary have become larger since its establishment. To date, the company has provided services to a diverse range of companies, including cosmetics and travel-related fields. Going forward, the company aims to expand the business outside of major metropolitan areas while focusing on traditional craft products, etc. Mr. Ishisaka expects the company's style of working closely with the client to maximize its service value to be a strong marketing advantage in Japan’s regions, where businesses tend to be unfamiliar with digital marketing. Amid rapid expansion in online consumption due to the impact of COVID-19, we expect further progress in digital marketing by Japanese companies and further penetration of the company's services.

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