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Nevada boasts a significant and rapidly expanding Asian population, ranking fourth in the nation with 12.2% of the state's residents. This growth, particularly concentrated in the Las Vegas area, is fueled by factors like affordable housing and a burgeoning tech industry.
Nevada's 359,041 Asians make up 12.2% of the state, ranking it fourth in Asian population concentration. The Silver state has consistently been among the top three in Asian population growth over the past 10-, 5-, and 1-year periods.
Over the past decade Nevada's Asian population growth has been led by a doubling of the Indian population. The Chinese and Japanese populations have grown 41% each, while the Korean and Filipino segments have grown by over 30%. Remarkably, Las Vegas’s Korean population jumped 20% in the past year alone.
Most of Nevada’s Asian population is centered in and around Las Vegas. The City of Lights is best known for its gaming and entertainment, but a thriving technology sector is playing an increasingly vital role. Among them are gaming tech companies like DraftKings, as well as a fast-growing healthcare sector.
Over the past decade greater Las Vegas has been the 10th fastest growing metro area with over 2 million people, just behind the Phoenix area. Both have attracted large numbers of Californians seeking more affordable housing. The median home price in Las Vegas is half that of Los Angeles.
The neighboring city of Henderson has contributed a surprising 13,000 Asian Americans to the metro area's Asian American population in the past five years. That’s the 10th largest increase among all US cities.
Filipinos are the largest Asian group in Henderson, with 15,000 residents accounting for 31% of the city's Asian population. Filipinos also comprise the largest Asian segment in the neighboring cities of Enterprise and Spring Valley, with 30% and 28%, respectively. Spring Valley, a suburb located two miles west of the Las Vegas strip, saw its Asian population jump 15.5% during the past year to 55,000, or 25% of the town’s 215,597 population. Half of the 7,400 new Asian residents are of Indian descent.
The highly personal data acquired through e-commerce, sometimes without consumer’s knowledge, can be used to influence far more than online purchases.
Tom Kagy (00:01)
Kelli Luu (00:17)
Tom Kagy (00:20)
Kelli Luu (00:28)
It's not really limited to just the online world. We have in-store tools as well, like facial recognition, smart dressing rooms, and also foot traffic analysis, which is really interesting to me because these stores are tracking exactly how many people are walking inside, where they walk to, what products they look at first. It's really cool.
Tom Kagy (01:18)
Kelli Luu (01:26)
Tom Kagy (01:54)
Kelli Luu (01:58)
Tom Kagy (02:01)
Kelli Luu (02:10)
Kelli Luu (02:17)
on your body. it's, I think it builds confidence a lot. But really they're not always perfect. It really depends on the quality of the technology that we're using. It depends on, it doesn't really take into, if the technology doesn't really take into consideration body diversity or even just proper lighting, it could be a bit more difficult to see if it's really misleading or not. But I still think that it gives boost of confidence to consumers.
And if you can boost confidence of 10 people out of every 20, I think that's a very good percentage of people.
Tom Kagy (03:23)
Kelli Luu (03:26)
Kelli Luu (03:32)
Tom Kagy (03:44)
Kelli Luu (03:54)
Tom Kagy (04:16)
Kelli Luu (04:29)
Tom Kagy (04:59)
Kelli Luu (05:09)
Tom Kagy (05:21)
Kelli Luu (05:35)
Kelli Luu (05:49)
It sometimes doesn't always make the consumer want to purchase it because I think now in this day and age, a lot of consumers are really concerned about body diversity and they want to, they're looking for items that they know would look good on their body type. So that's another thing that consumers are starting to do. They know exactly what fits them, what kind of cuts are good for them, what necklines are good. just having that knowledge also helps with deciding on the purchase or not.
Tom Kagy (06:45)
Kelli Luu (06:55)
Tom Kagy (07:03)
Kelli Luu (07:13)
I would say in the skinny mirror, can definitely see it when you're in the fitting room. You want to make the lighting better for your customer. You want to make sure it looks the best that you can. And I think, you know, if you have a mirror that could help out with that a little bit, it could definitely drive sales.
Tom Kagy (07:57)
Does it also kind of hinder the user? mean, is it actually a benefit to the user? Is AI a benefit to the user? Or is it kind of an imposition that's actually, you know, sort of forcing the user to spend more time than they might like on that site?
Kelli Luu (08:44)
when you go on, if you're just deciding to go on Amazon and you want to just do some shopping on it, but with the AI algorithm, it will show you things that you have previously looked at. It will show you things that you have previously bought. It will show you things that you've been searching on your web browser even. So all of these things that are going into it make it a very personalized shopping experience, which in my opinion would save time because you're not spending all of these hours looking for
a specific item because they're already showing it to you.
Tom Kagy (09:45)
Kelli Luu (09:59)
Kelli Luu (10:14)
when you accept these cookies. So when you accept these cookies, they are tracking things like where your mouse hovers, how long you linger on an image with your mouse, and even how fast you scroll through things. So if you scroll really fast past an item, the AI algorithm will track that and not recommend that item to you anymore. So it is really creepy when you're saying it out loud, but.
It tracks all of your purchases, your wish lists, even your abandoned carts. So it really is just all adding to a detailed profile of you. And that might sound stalkerish, but it's really just creating a personalized experience for you when you're shopping online. So if that data is not protected, it could definitely fall into wrong hands, which will lead to some problems. But that's why I feel like ethical AI is a must have and brands need to be setting those clear boundaries when…
people approach their website.
Tom Kagy (11:39)
Kelli Luu (11:48)
Kelli Luu (11:55)
Kelli Luu (12:02)
Tom Kagy (12:08)
Kelli Luu (12:15)
Kelli Luu (12:32)
Tom Kagy (12:41)
Kelli Luu (13:03)
Tom Kagy (13:21)
Tom Kagy (13:31)
Kelli Luu (13:48)
Kelli Luu (13:55)
That, in my opinion, really does help your shopping experience because it's like having somebody, it's like having an assistant that really knows who you are. And the more you talk to it, the more it will just make your experience better when it comes to using anything online.
Tom Kagy (14:40)
Kelli Luu (14:47)
Kelli Luu (15:01)
leading somebody just to accept the cookies.
Tom Kagy (15:32)
Kelli Luu (15:48)
Tom Kagy (16:02)
Kelli Luu (16:06)
e-commerce business, no matter what it is. It could be a toolbox. It could be a t-shirt. It could be anything. And you can get built-in traffic. You get easy integration. There's just so many different tools on TikTok Shop that you could use that are AI based that will help you with your own business. So if I was building my own e-commerce business, I would definitely start on TikTok Shop. And with TikTok live streaming being so popular nowadays, I would have
I would just build up my TikTok shop. would be live streaming all the time so that I could just build awareness of the brand that I'm trying to build. in the long term, with the long term vision, if I decided to take it further than that, then is when I would turn it into a custom platform so that then you build the hype on TikTok and a consumer base on TikTok. And then you can directly direct, you can directly send them to your company website from your page. So.
I really think TikTok Shop is a great way for anybody starting out because it's social media is like the easiest way for you to get your name out there. And by doing it on TikTok Shop with lives, you can get traffic, you can get your name out there and you will still get sales as well. So you're still making money even at the beginning part of your journey.
Tom Kagy (17:31)
Tom Kagy (17:31)
Kelli Luu (17:38)
they will reach out to micro influencers, mid-tier influencers, and they will send them the product. And from there, those creators, they can make a video and then they can add that product to their own TikTok shop. Their showcase is what they call it. A showcase is where you can just add a bunch of, if you're just a normal creator on TikTok, you can add a bunch of products to your showcase and you get commission off those products. So TikTok doesn't really take,
TikTok kind of just provides you a platform for it and most of their money on TikTok comes from advertising. So if you could want to advertise your product and you made a video for it, you have to boost that with TikTok Shop and you could pay for more views, pay for more website clicks, stuff like that.
Tom Kagy (18:50)
Kelli Luu (18:54)
Tom Kagy (19:02)
Kelli Luu (19:05)
Tom Kagy (19:14)
Kelli Luu (19:23)
do the product recommendation. It will show you what you should have on your website. It will design the website for you. So Shopify is a great way for somebody to start off if they want to create their own website.
Tom Kagy (20:05)
than existing American platforms.
Kelli Luu (20:36)
Tom Kagy (21:05)
Kelli Luu (21:25)
Kelli Luu (21:33)
like any normal person who knows nothing about you. if you have data, so like let's say with Nordstrom, they analyze trends and the seasonal, what season it is and what items are going to be sold that season. And they don't only use the AI algorithms that they're using on their own website, but they're using things from.
TikTok, they're using things from Instagram. They're seeing what's on social media. These algorithms can see what's on social media. They can see what's getting likes. They can see what people are buying, not just from this business company, and it's from everywhere. So AI can pull from absolutely anywhere, which is why I would say it's pretty accurate, at least when it comes to predicting things, but you have to have previous data with it, because without that, it's just gonna…
create something completely out of the blue for you. But really, no prediction is 100%. But I think you should really trust your gut when it comes to using AI prediction sites like this. And I always say a mix of that AI and human intuition is what's really ideal.
Tom Kagy (23:11)
Kelli Luu (23:17)
Tom Kagy (23:39)
Kelli Luu (23:50)
you wanna go out and you wanna ask somebody, like, you know, how does this look on me? If you have a chatbot and this chatbot is either it knows you and it's being either 100 % honest with you, it could tell you the honest truth. And genuinely, I don't think if a chatbot is telling you the honest truth, you'd feel any, if it says something bad to you, I don't think anybody would feel some type of way because it's just a chatbot rather than like somebody telling you that dress is not cute. But if you have this chatbot who is,
telling you like, yeah, you look good and this is a great product, this is awesome. Like, you know, it puts a little bit, like I said before, like confidence is very key when it comes to selling an item because you wanna make sure your customers have the confidence when it comes to this purchase. even that little ounce of this is a great color on you from your chat bot might push you to making that purchase more.
Tom Kagy (25:11)
Kelli Luu (25:19)
Tom Kagy (25:43)
Kelli Luu (25:53)
Kelli Luu (26:03)
Tom Kagy (26:13)
Kelli Luu (26:37)
will literally do everything for you. just, if you put in the details you need to give it and you take the time with the creativity part of using AI, then you could definitely run your own shop by yourself. It's so doable in this day and age.
Tom Kagy (27:24)
Kelli Luu (27:27)
Kelli Luu (27:35)
Tom Kagy (27:58)
Kelli Luu (28:03)
Tom Kagy (28:15)
Kelli Luu (28:18)
Kelli Luu (28:30)
Tom Kagy (28:42)
Kelli Luu (28:54)
what I would prioritize if this was, if I was running, if I was running things around here, I would definitely be prioritizing that because that's where it gets even more personal than just what I like to buy or what I'm shopping for. That's really knowing who I am, what's gonna look good on me, what colors are gonna look good on me. And if AI can get to that point, then I think it could definitely take over those in-person experiences because
That's really what you're getting. You wanna see exactly what this thing looks like on my body. You wanna see exactly how this foundation blends into your skin. But if they are able to find a way to get that in perfect shape, it might be a problem for some of these in-person stores because you really can't compete at that point when people are just buying online. Nordstrom actually, they're…
Most of their business, 40 % of their business comes from online. So if they are able to even get that going a little bit more, like once it hits like 60%, then I think that's where people are gonna start having a problem. I think being more personal and just really understanding the consumer, not just as a consumer, but as who they specifically are is the most important thing when it comes to something like this.
Tom Kagy (30:49)
Kelli Luu (30:58)
Tom Kagy (31:10)
Kelli Luu (31:20)
You want to be very inclusive, I would say. You want to make people feel like you understand them. And if you can understand body shape, skin tone, ethnicity as somebody who is trying to serve retail consumers, then that's the best thing that you could do really, is just make sure that they feel like they're seen.
Tom Kagy (32:07)
Kelli Luu (32:14)
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