Wednesday, July 19, 2017

Digital Damage


Digital ads could be alienating B2B buyers, says Julie Ogilvie, senior research director at Sirius.

Because the ad units are tiny and compete in cluttered environments, B2B marketers are resorting to intrusive techniques that may be damaging their brands.

Ogilvie cites three:

Retargeting. "The idea behind retargeting is solid," she says. "However, in execution it can become annoying if the ads are popping up for months on end or are appearing in inappropriate environments."

Clickbait.
Digital ads sporting sensational headlines "almost always disappoint in terms of what is delivered." The disappointment is reinforced when retargeting is used.

Native ads. Digital ads dressed as editorial content can also annoy and disappoint. Although buyers will respond, "many people still end up feeling deceived by messages that appear to be one thing but turn out to be another."

"In all these examples, people have come to feel that they are being tricked or harassed by advertisers," Ogilvie says.

Techniques like retargeting, clickbait and native advertising generate impressive response rates, she admits.

"But response rates do not always equal conversion rates—or revenue. And there is still the question of short-term vs. long-term gain. Brands are about building relationships and trust with our audiences."

You need not worry overmuch you're alienating your whole audience.

While you may be angering Boomer and Gen X buyers, the majority of Millennial buyers have installed ad blockers.

Tuesday, July 18, 2017

When You're 64


My wife and I frequent a farmers market Sundays in Dupont Circle, and often buy from a local pickler named Number 1 Sons.

The pickler's stand is run by 20-somethings who inevitably ignore me until I go all geezer on them and crabbily insist on making my purchase.


I'm not alone in taking it personally.

According to a survey by AARP of 61- to 69-year old Americans, 21% say they feel invisible around Millennials, and 10% say they receive slower service at stores and restaurants.

Fifty years ago, Sir Paul McCartney's lyrics to "When I'm 64" seemed so sweet.

Every Boomer would relish aging, he implied, just as long as "you still need me."

Things aren't quite working out that way.

But there's more than sour grapes in my tale.

There's a business lesson.

The late novelist Pat Conroy once told C-SPAN, "Every industry is going to be affected by the aging population. This creates tremendous opportunities and tremendous challenges."

He was rightespecially about the opportunities.

The GI Generation didn't put up with crap service. Why would Boomers? We ended an unjust war; elevated women, blacks and gays; invented heavy metal and punk rock; and created the Internet.

Hey, Sonny: If you want to disrupt, try disrupting discourtesy.

NOTE: July 19th marks my 64th birthday.






Monday, July 17, 2017

The Hidden Presuaders


Vance Packard's 1957 best-seller The Hidden Persuaders convinced Americans that midcentury admen were gobbling up CIA-sponsored research studies and using the results to prey on consumers' frail and listless minds.

The title's "hidden persuaders" referred to
subliminal messages, which Packard insisted made midcentury ads irresistible.

Cynical admen were embedding lurid words and racy images in ads for things like laundry detergents, cars, whiskies and cigarettes, in order to trigger customers' Freudian desires for pleasure, he claimed.

Ad agencies, Congress and the FCC scoffed at the idea, but the reading public embraced it.

Everybody loves a conspiracy, as Freud would say.

Flash forward 70 years and Robert Cialdini's best-seller Pre-Suasion provides a new generation of marketers the ammo they need to prey on customers.

Pre-suasion is a technique for gaining agreement with a message before it’s sent. 

Drawing on hundreds of social science studies, Cialdini makes two principal arguments:
  1. To persuade a customer to make a certain choice, the marketer must first trigger a mental association that implies "change is good;" and

  2. The factor most likely to determine the customer's choice is the one a marketer elevates in attention moments before the decision.
According to Cialdini:
  • To get a customer to like you, first hand her a warm drink.

  • To get a customer to help you, first ask her if she considers herself a helpful person.

  • To get a customer to try your untested product, first ask if she loves adventure.

  • To get a customer to buy a popular product, first show her a scary movie.

  • To get a customer to buy an expensive product, first ask her to write down a number higher than the product's price.

  • To get a customer to think about your proposal, first show her a photo of Rodin's The Thinker.

  • To get a customer to buy French wine, play French music as she enters the store.
"The key moment is the one that allows a communicator to create a state of mind in recipients that is consistent with the forthcoming message," Cialdini says. It’s the moment in which we can arrange for others to be attuned to our message before they encounter it."


DO YOU KNOW? Movie-goers were traumatized when The Exorcist premiered in 1973. Many fainted, vomited, and fled from theaters in the middle of the picture. That's because William Friedkin laced the film with horrific subliminal images.

Sunday, July 16, 2017

Tradeshow Malcontents

Thou art the Mars of malcontents.

— William Shakespeare

UK exhibit builder Display Wizard recently asked 100 marketers whether tradeshows have a bright future.

Their answers might disturb you: 75 said yes; 25, no.

The 25 nay-sayers cited the rising digital tide as the reason—and their nagging disappointment with organizers, who are molasses-slow to adopt new technologies.

You might, as a hard-working organizer, respond, "Sure, we're not perfect, but attendees love our event!"

Maybe, maybe not.

Late last year, the event research firm
Explori found, worldwide, tradeshows earn abysmally low Net Promoter Scores from attendees (from a high of 20 in the US to a low of -6 in Asia).

To put that in context,
an "average" company's Net Promoter Score ranges from 31 to 50. (The worldwide Net Promoter Score exhibitors gave tradeshows was worse: -18.)

Explori's analysts noted that attendees' low scores can't be attributed to "so-called 'hygiene factors' such as venue layout, signage or catering, but highlight far more fundamental problems." T


radeshow exhibitors aren't displaying the innovations attendees crave.

Again, as a hard-working organizer, you might say: "So what? Many thriving industries have low Net Promoter Scores."

And you'd be right: duopolistic industries (where customers have little choice) all have negative scores. (Think cable TV, for example; Comcast and Time Warner Cable both have negative Net Promoter Scores—more unhappy than happy customers.)

But the tradeshow industry isn't a duopoly.

Attendees and exhibitors have choices. They can participate only in segment-leading shows. Or only in niche shows. Or they can meet elsewhere; at virtual events or—more likely—proprietary ones.

And, as a hard-working organizer, you might say: "I'm not worried. We're used to exhibitor churn. There'll always a few malcontents."

But you should worry.

Malcontents don't just represent the portion of customers who aren't satisfied.

They represent a potential mob that can become radicalized—that can pick up the weapons of social media and declare jihad on your plush bottom line.

Saturday, July 15, 2017

Gamification Supercharges Tradeshow Exhibits


Only connect! That was the whole of her sermon.
— E.M. Forster

Seven of 10 Americans believe attending events connects them to others, according to a recent survey by Eventbrite.

Among Millennials, that proportion's even higher—8 of 10.

Seven of 10 Millennials also believe events expand knowledge better than online content does, the survey reveals. And 1 of 2 attend events to have experiences they can share on social media.

For Millennials, attending events "is all about projecting to your social media network, and painting a picture of a phenomenal lifestyle," event planner Aubri Nowowiejski told
Skift. "They chase experiences over things to get those likes and comments and interactions, and that dopamine fix."

If you accept Eventbrite's findings, exhibit marketers who help Millennials polish their personal brands will come out winners at tomorrow's B2B events.


Gamification is the secret sauce.

By offering them high-yield opportunities to enrich their personal brands, gamification counteracts Millennials’ unfortunate reluctance to engage in the "real world" of sales conversation.

Gamification makes networking fun and unintimidating—and delivers the all-important dopamine fix that comes when a Millennial wallflower can update his social media feeds.

One ready solution for exhibitors is
PLAYBOOK, a lead-gen system that marries pre-show marketing with gamification.

With
PLAYBOOK, exhibitors can not only attract large crowds of fun-seeking prospects to their booths, but get them to look up from their phones long enough to engage in conversation.

DISCLAIMER: I'm a bit biased in favor of
PLAYBOOK, because it's the creation of Bob & David James. Learn more here.
Powered by Blogger.