Showing posts with label Marketing. Show all posts
Showing posts with label Marketing. Show all posts

Saturday, July 9, 2016

Event-Goer: Won't You be My Neighbor?


Are you an adventurous event-goer?

Airbnb wants you.

Room-sharing represents the ultimate way for event-goers to personalize business travel, says company exec Chip Conley.

While she once aspired to stay in a predictably clean and conveniently located hotel, today's event-goer seeks “discovery”—a craving Airbnb satisfies by providing rooms in every sort of neighborhood.

The company fills a need that's not without precedent, Conley says:
  • Home-swapping dates to the 1950s, when the Dutch teachers' union suggested members could swap houses to save on vacation rentals.
  • VRBO web-ified peer-to-peer vacation rentals in 1995.
  • Boutique hotels surged about the same time, proving “there was a growing number of customers for whom predictability and ubiquity were not the right model."
Airbnb targets “customers who are a little adventurous, especially in locations that they know already,” Conley says.

To accommodate event planners, Airbnb is hawking widgets planners can embed in their websites. The widgets link attendees to blocks of Airbnb listings available during the event's dates and in proximity to the event's venue. 

Following in the footsteps of Amazon and Netflix, the company plans to use algorithms to become a global hospitality giant, according to Conley.

Thursday, June 23, 2016

Influencer Marketing: Cooking with Gas



“Influencer marketing presents a glaring opportunity for brands to leverage the power of word-of-mouth at scale through personalities that consumers already follow and admire,” says Misha Talavera in Adweek.

Influencer marketing may in fact be “the next big thing,” as Talavera says; but it isn’t new.


In 1939, build-up boy Deke Houlgate worked for American Gas Association when he cooked up the tagline, "Now you're cooking with gas!"

Electric and natural gas stoves were in hot competition at the time. 

The association hoped to persuade homeowners cooking with gas was the best way to get hot meals on the table.

Without funds for ads, Houlgate called Bob Hope's scriptwriters and convinced them to insert his line into Hope's radio show.

It became one of Hope's signature lines, and soon spread in use by other comics, jazz musicians and cartoon characters.


American Gas Association was hardly Houlgate's last hurrah.

During World War II, from inside the Pentagon, he used his magic to popularize the unpopular B-26, a bomber so crash-prone it was nicknamed by fliers "The Widowmaker." 

Houlgate also helped glamorize WACs, to encourage enlistments.

Thursday, June 16, 2016

If You Have to Ask, You Can't Afford It

A new study from Cornell's Center for Hospitality Research shows restaurants will soon start charging diners for reservations.

"This is a logical extension of the revenue management principle of pricing a service to match demand," says Sheryl Kimes, co-author of the study.

Some app providers already charge a premium for hard-to-get reservations at trendy spots; and some auction off those reservations.

Demand, surge and dynamic pricing in fact surrounds us (think of your electricity company, local toll roads and summer rental properties), even though—as Uber recently learned—it's considered inhospitable.

Only restaurateurs and economistswho insist it boosts supplywould say demand pricing isn't just plain, old-fashioned price gouging.

What would you say?

Friday, June 10, 2016

Social Media Marketing, Meet Maslow's Hammer

Abraham Maslow said in The Psychology of Science, "I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.”

Social Media Examiner recently asked 5,086 marketers whether social media marketing improves sales. The findings speak volumes:
  • One-third of marketers with less than one year's experience in social media marketing say it improves sales, while
  • Two-thirds of marketers with more than five years' experience in social media marketing say it improves sales.
As a marketer's experience in social media marketing increases, so does her belief in its efficacy.

Digital marketer Jay Baer wonders whether seasoned social media marketers' belief is simply self-justifying.

"People who have been employed in the social media business for multiple years could be convincing themselves that social media is effective, because if it wasn’t a portion of their entire identity and professional worthiness would be called into question," he says.

But Baer chooses to read the findings as proof of something else: social media marketing works when you commit to it long term, not short term.

"This data shows that time horizon is a great determinant of social media success," Baer says.

I agree with him, and would add: social media marketing is merely 2016's edition of PR; it works when you treat it like an enterprise, not an event.

What do you think?

Tuesday, June 7, 2016

Boldly Go



I need not follow the beaten path; I do not hunt for any path; I will go where there is no path, and leave a trail.
— Protestant hymn

Most executives don't know it, but business strategy and marketing strategy are on a collision course.
Marketers who win, Kirk-like, boldly go where there is no path.

Digital marketer Mitch Joel calls it "getting over the lazy."

Sadly, most marketers hope they can manage—or, more precisely, administer—their way to success by bossing around agencies and in-house teams, Joel says.

But that's just "the lazy."

"Maybe 'lazy' is a bad choice of words," he says in Cntl Alt Delete, "but a majority of marketers are simply doing everything that they have always done. The easy path. The road that was laid out by their predecessors."

The beaten path's lazy—and lazy's the reason CMOs survive only 26 months.

"There is no doubt certain strategies and tactics work, but it's the lazy mentality that will take you down."

Wednesday, June 1, 2016

Outdated


Fifteen years ago, there were two flacks for every reporter. Today there are five.

"As the PR field flourishes, journalists are becoming a vanishing breed," says Mike Rosenberg in Ragan.com.

Searches on job sites for "reporter" and related keywords yield ads for openings "that have nothing to do directly with producing the news," Rosenberg says.

For every one opening for a reporter, a search yields 10 for candidates with journalism backgrounds or degrees willing to try PR.


It should come as no surprise—especially to acolytes of David Meerman Scott—brands are skirting the news industry to tell their own stories.

If you're not alarmed, fathom this: newspaper reporters are becoming extinct.

According to the American Society of News Editorsthe number of staff reporters has dropped 40 percent in eight years.

As every flack knows, newspapers are the starting point for the original coverage picked up by all the other media outlets.

"The drop in newspaper reporters means the amount of real news out there has taken a wallop," Rosenberg says.

The gap in original coverage means more "earned" and sponsored placements make their way to audiences. 

In other words: less news, more propaganda.

Rosenberg recently tweeted the stats.

David Simon, former Baltimore Sun reporter and creator of the HBO series "The Wire," retweeted Rosenberg's message, adding, "This is how a republic dies. Not with a bang, but a reprinted press release."

Friday, May 27, 2016

Nichecraft


"Find a niche, not a nation," Seth Godin says in The Bootstrapper's Bible.

Niche is a time-honored business term and an ancient idea. It literally means a "pigeonhole," and derives from the Latin for nest.

Finding yours means your craft never has to compete on price, because your flock needs you/relies on you/likes you/talks about you/cares about you.

Take, for example, Joe Smith, an ornithologist, independent researcher and top blogger for The Nature Conservancy.

Because he practices his craft with skill and diligence, Joe Smith's flock needs him/relies on him/likes him/talks about him/cares about him.

"There's no such thing as a niche that's too small if the people care enough," Seth Godin also says.

Have you found your niche?

DISCLOSURE: Joe Smith is my son-in-law. Check out Cool Green Science.

Wednesday, May 25, 2016

Which Restroom Would Your Brand Use?

"Brands identify as many things—cute, quirky, rugged, industrial—but they are rarely male, female or other," says researcher Andreas Voniatis in Brand Quarterly.

"They may appear to be more masculine or feminine by design, but it’s rare for brands to speak in a gendered voice."

But shouldn't every brand man up to gender?


They short answer: Yes.


Voniatis cites a study by his own firm that asked how customers react to content when blind to its author.


Researchers presented 1,000 adults content grabbed from popular Facebook, Twitter and Instagram accounts. 
They found that content which typically produces negative reactions produced positive ones when anonymized.

"But the most interesting revelation was how responsive we are to content written by members of the opposite sex," Voniatis says. "We found that women responded more positively to content authored by men and vice versa."


According to the study, women are 2% more likely than men to react positively to content authored by a man; and men, 5% more likely to react positively to content authored by a woman.


The findings suggest brands would strengthen the appeal of their "personalities" by speaking in a gendered voice.


"By attempting to appeal to the opposite sex when writing or gendering the brand voice as the opposite of the majority of our customers, we could find new and interesting ways of engaging with our audience," Voniatis says.

Tuesday, May 24, 2016

How to Choose the Right Email Marketing Consultant (Infographic)


Been-around blogger Matt Banner contributed today's post. Matt teaches techniques for better blogging at OnBlastBlog.

Email marketing offers an immensely high return on your investment, but in most cases you will need a consultant to help you master today’s top strategies. 

The right email marketing consultant:

  • Understands today’s underlying strategies and tools. 
  • Understands your brand and of the voice you use when speaking to your users.
  • Can build a list of people interested in your product or service.
  • Sweats the details, because everything about your emails matters, from the length of the subject line to the content within. 
The latter is where a skilled copywriter comes into play. The copy within your emails must be compelling and properly written to ensure that it grabs readers' attention immediately and keeps them engaged throughout. The ability to write strong sales copy is also a must, as the call-to-action is massively important. 
In order to properly choose a consultant, you will first need a basic knowledge of what makes any email marketing campaign successful.

Take a look at the infographic below to find out more about what defines a strong email marketing strategy. Using this information, you can better choose a consultant.

Email Marketing Infographic

Monday, May 16, 2016

What, No Online Community?



Event planner: What, no online community?

If true, you're falling behind, says BrightBull's Ricardo Molina.

Worse, you are:
  • Wasting money on attendance promotion. Like lists and media partnerships, online communities provide a direct road to your target audience. But unlike those roads, communities don't need as much maintenance. "Once built, a community will thrive with just a little care and attention."
  • Letting competitors poach your attendees. First-movers usually win. "When your competitors start a community first, all they have to do is say that it’s there and people will join because it’s something new."
  • Forgetting about brand loyalty. Communities provide value added. So members "automatically feel good about your brand."
  • Failing to lead. "Why would they think of your event as being 'the one' when you don’t run THE online destination for your niche?"
  • Skipping customer insight. Insights from a community let you read the industry's pulse, and drive product development, marketing and sales.
  • Leaving money on the table. Exhibitors are eager to brand themselves year-round on communities. Why not offer them yours? One large international bank spends half its marketing budget on content partnerships.

Thursday, May 12, 2016

Up to Our Eyeballs in Enthymemes


Enthymemes. We're up to our eyeballs in them.

An enthymeme, first described by Aristotle in Rhetoric is an incomplete logical construct. It's based on an unspoken premise shared between a speaker and her audience.

Here's a familiar enthymeme:

"Make America Great Again."

The unspoken shared premise:

"America used to be great."

An enthymeme's power comes not from what's spoken, but what's unspoken, Aristotle says. When a premise is left unspoken, the audience supplies it, completing the circle. So, instead of the speaker persuading us, we persuade ourselves.

For Aristotle, self-persuasion is especially effective because we take pleasure in participating in the exchange. We're tickled with our ability to connect the dots—to "get it" without handholding.

But self-persuasion is also self-absorption, Aristotle warns.

An enthymeme helps us see a resemblance—a likeness—and we like most what is like ourselves. "All are more or less lovers of themselves," Aristotle says.

The effective speaker exploits this self-love.

She knows that—when the audience completes the circle—it chooses to hear what it wants to hear.

Saturday, May 7, 2016

Marketers Using More Agencies Less

Today's marketer farms out projects, not accounts, according to a survey by RSW/US.

RSW/US found that 74% use more than two agencies; and 17%, more than five.

They're also keeping project-work in house, hiring specialists galore.

And 40% of marketers expect project-work to increase this year.

While agencies may cringe, RSW/US sees an upside.

Marketers can no longer brush them off with "We already have an agency."

"With more marketers potentially using multiple agencies in the coming year, that objection becomes less of a hurdle, even potentially advantageous," says Lee McKnight, vice president of sales.

Marketers say they're wearied by agencies that claim they're full-service, but aren't, the survey reveals.

Marketers also say they're troubled by agencies "defaulting to digital." Too many have abandoned creativity, customer insight, and expertise in traditional media.

With more opportunities before them, agencies can win business by pitching novel projects, deep category knowledge, or know-how in a particular channel.

Friday, May 6, 2016

Bad-fit Buyers



Caveat venditor: Bad-fit buyers are everywhere.

"Every new customer you bring on who isn’t the right fit presents a churn risk," says Dan Tyre on Hubspot.

Churn is a risk, because it opens new doors to bad reviews.

What are the signs to watch for? The bad-fit buyer:
  • Is considerably larger or smaller than your typical customer
  • Operates in an industry outside your target market or time zone
  • Is discourteous and responds to questions with emotions, rather than facts
  • Doesn’t want to answer questions or makes contradictory statements
  • Is unwilling to take direction and seems competitive
  • Doesn’t have resources (money, time, staff)
  • Seeks a "silver bullet"
  • Goes from excited to apathetic and back again
  • Is disorganized and can’t spend time with you
  • Cancels meetings with short or no notice
  • Doesn’t follow simple directions (like please read the one-page outline)
  • Seems to be going through the motions
  • Has to hear you say the same thing at least four times before he gets it
"Almost all prospects will show some of these indicators," Tyre says. "The key is to be 100% transparent, have open conversations with your prospects, and set expectations at every step of the process."

Tuesday, April 26, 2016

5 Sure-Fire Steps to Thought Leadership


Master marketer Edward Segal contributed today's post. Edward helps corporations and organizations generate publicity about their activities and shows leaders, staff and members how to deliver effective presentations.

What would you rather be: a chief or just another member of the tribe? A trail blazer or trail follower? Someone who helps determine and influence the conversation or a worker bee that waits for others to establish the agenda? 

If you’d prefer to help set the pace instead of simply run the race, then the chances are you would like to be a thought leader. Here’s how to do it: 

Be an expert
  • Select topics or issues about which you have knowledge.
  • Have or develop a track record of writing or speaking about your topics or issues to groups and organizations in the industries or professions in which you want to be considered a thought leader.
  • Stay ahead of the curve by thinking about your field beyond today and sharing predictions or forecasts that illustrate your authority in the field.
Be a joiner
  • Join or lead groups and organizations that are more likely to help establish your role as a thought leader.
  • Volunteer to serve on committees or task forces that can bolster your expertise and add to your credentials as an authority.
Be visible
  • Identify, create and take advantage of appropriate opportunities for you to be seen as an expert or authority, including speeches, presentations, and media, blog, and podcast interviews.
  • Post on your website or social media platforms links to articles, interviews, speeches, etc. that you have done about your areas of specialty.
  • Practice your ability to prepare and deliver short, pithy and memorable quotes that will be used by journalists and bloggers in their stories about or interviews with you.
Be a student
  • Keep current on the trends and developments in the areas in which you are or want to be considered an authority.
  • Study other thought leaders inside and outside your industry or profession. What can you learn from their successes that you can apply to your own efforts to become or stay a thought leader? 
Be persistent
  • Identify or create new opportunities to position yourself as an authority and expert.
  • Maintain a blog to which you post on a regular basis, and install a widget so that people can be notified about each new post.
  • Reinforce your role as a thought leader in ways that you have not done before, such as writing a book, starting a blog, becoming a public speaker, or proactively seeking media interviews and speaking opportunities.
  • Set monthly, quarterly or annual goals and milestones of important activities and accomplishments that can help you become and remain a thought leader.
Becoming a thought leader can be a self-fulfilling prophecy. The more you act like you are a thought leader, the more likely it is you will become one.

Monday, April 25, 2016

Purple Prose



It's been raining solemn tributes since Thursday.

We've also had to weather a torrent of opportunistic self-promotion.

While there's still a few days to enter, right now it looks like the grand prize in Prove You're Totally Tactless goes to Cheerios for its Tweet.

A spokesman defended the effort by saying both Cheerios and Prince are Minnesotan.

Exploiting headlines works, as David Meerman Scott says.

Boorishness doesn't.

Monday, April 18, 2016

Transparency Can Improve Targeted Ads

A new study shows customers alter their self-labels when served an ad they think targets them because of their web browsing, provided the ad matches their aspirations.

More importantly, they also increase brand consideration.

To reach this conclusion, the researchers conducted four experiments:
  • They served web-browsing college students an ad for a restaurant with “Refreshingly Sophisticated American Classics.” They told one group the ad was served because of their web browsing; they told another, because of their demographics. The first group was more likely to label themselves as having "sophisticated food preferences," and was more likely to dine at the restaurant, than the second.
  • They served students an ad for a luxury watch, telling one group the ad was based on their web browsing; another, the ad was not. The first group of students was more likely to label themselves as "sophisticated" than the other group.
  • They served students an ad for a pro-environment speaker. Students told the ad was served because of their web browsing were more likely to label themselves “green” and donate to an environmental charity, than students who thought the ad wasn't targeted.
  • They served students an ad for an "outdoorsy" hot chocolate. Students with an interest in the outdoors were swayed by the ad; students without an interest in the outdoors weren't. The experiment proved, unless they already aspire to something, people wont alter their self-labels because of an ad.
The upshot? 

Web advertisers should be more transparent, because targeted ads with statements like "This is recommended based on your browsing history" can increase brand consideration.

Wednesday, April 13, 2016

You Don't Have to be Jewish

Once upon a time, I had the privilege of interviewing madman George Lois for a magazine article about ad creative.

When I asked, "What makes an ad effective?" Lois said, "An ad has to kick you in the ass with an idea you like."

In other words, the advertiser needs to startle you, then evoke a little love.

Last year's most-shared ads, according to Unruly, did just this.

Each ad transmitted a powerful idea by marshaling a string of surprising sounds and images that, taken together, can't help but excite love… at least a little.

As Don Draper said in Mad Men, “Advertising is based on one thing: happiness. And you know what happiness is? Happiness is the smell of a new car. It's freedom from fear. It's a billboard on the side of the road that screams reassurance that whatever you are doing is okay. You are okay.”

And now for last year's most-shared ad



Read more about emotion's role in advertising here.

Tuesday, April 12, 2016

Over. Not Over.


Why buy sunglasses at Walmart when there's Warby Parker?

Metrosexuals' buying habits mean retail giants are “overstored,” says The Washington Post.

Retail space, which mushroomed before the Great Recession, is growing at a pace slower than that of the US population, while retailers like Macy's and Jos. A. Bank shutter stores left and right.

But closing stores isn't the same as closing shop:


  • Walmart, for example, will close 269 stores this year; but it will also open 300 new stores; and spend billions on a new e-commerce operation. 
  • Williams-Sonoma and other specialty chains will aim for a "sweet spot" of around 250 stores, while drawing more sales from e-com. 
  • Chains like Burlington Coat Factory will chop not the number, but the size, of their stores, packing "the entire assortment in a smaller box." 
  • Staples will repurpose its real estate by adding shared office spaces to stores. 
  • Sears will sublet space to Nordstrom Rack and Dick’s Sporting Goods. 
As retail giants abandon shopping centers, nontraditional tenants like restaurants, gyms and health clinics will fill the space, according to analysts. 

European retailers will also begin to appear on the scene in large numbers.

HAT TIP: Michael Hatch led me to the Post article.

Friday, April 8, 2016

B2B Becomes B2C. Welcome to Bizarro World.



"Hardly a week goes by without someone saying the worlds of B2B and B2C marketing are converging," Gary Slack wrote recently in this blog.

To picture the two worlds as one, he asks us to imagine a place where municipalities buy equipment on impulse, and manufacturers buy machinery and materials without due diligence.

"Were this all to start happening," Gary says, "pigs would be flying, too. 

"Consumer and business purchasers and purchases are just too different—always have been and always will be."

But what if… just what if, instead of businesses, consumers changed?

In that alternate world:
  • All consumers would have split personalities (at least six, called a "team").
  • Before every purchase, they would email an inscrutable document to at least 15 suppliers, and demand a response within 10 days.
  • All consumers would postpone their purchases until their incomes are certain.
  • AdAge would be repackaged as an insert in O, and B2C would collapse into B2B, forming a supercontinent named Omnicom.
Stranger things have happened...

In a pig's eye.

Wednesday, April 6, 2016

Are B2B and B2C Marketing Converging? Hardly.



Gary Slack provided today's post. He is chief experience officer of Chicago-based Slack and Company. Ad Age named the firm as a runner up for B2B Agency of the Year in 2014.

Hardly a week goes by without someone saying the worlds of b2b and b2c marketing are converging.

For this claim to be true, nothing less than the following would have to start happening.

Boeing would have to start buying jet engines on impulse.

Police and fire departments would have to switch to other brands of first-responder radios on mere whims.

Coke would have to start reformulating sodas with new ingredients procured with little or no due diligence.

Of course, were this all to start happening, pigs would be flying, too.

Consumer and business purchasers and purchases are just too different—always have been and always will be.

It’s not that b2b buying is more rational than consumer buying. In fact, it may be more emotion-wracked—the emotion being fear of making a bad decision.

That's why tier 1 suppliers, a la the IBM of old, are so lucky. As the "safe bet,” they get a pass a lot of the time, while lower-tier suppliers have to try harder.

But CEB research shows there can be a more positive emotion involved, too—the pride of making a good decision and the career enhancement it can generate.

In fact, CEB says the personal value of making a good b2b buying decision is twice as great as the business value.

So b2b buyers aren't automatons—they are people, too, as our agency’s ad here explains.

But exaggerated praise, or puffery, the province of so many consumer marketers, won't work with b2b buyers.

With their careers and livelihoods at stake, they need loads of convincing and months and maybe years to take a chance on another supplier.

And that's the extra fun and formidable challenge of much b2b marketing—and why it'll always be very different.
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