It’s no surprise that the increasingly social web have enabled customers to be heard while helping to improve the very products and services they’ve purchased. As millions of people continue to search online for the product they need and the service they want, do you know how the recession has impacted your customer’s value perception? How are you going to improve the customer experience to optimize your products and services?
Your customer may have already shifted their spending in favor of private label brands over name brands or reduce the quantity or frequency of buying altogether. Perhaps the freemium business model has become the new standard to get your customer to try your product. Whichever way you look at it, consumer’s perceptions of an interaction are influenced heavily from their purchasing experience, by how they research to who they trust.
To understand and improve customer experience, companies should first research their customer’s natural behaviors, and then seek opportunities to influence those behaviors through targeted strategies and niche offers.
According to a recent Nielsen analysis revealed generationally shopping habits that reflect diverse lifestyle [...]
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I received some feedback and questions on Augmented Reality (AR) after my last post and thought to provide some additional inspiring ideas with regards to where AR is heading. The best example can be seen from Yelp’s Monocle app that allows users to see location-based reviews from their iPhone screens.
The result is crowd sourced commerce with social proof data to enhance purchasing decisions on the spot. It’s an integration of social media with physical space to bring relevant information based of our physical behaviors such as the places we’ve visit or the reviews we’ve posted online.
This new technology integrates real-time social networks, location-based tracking, and the semantic web to aggregate qualitative data. Information you want will run towards you instead of the other way around, fully customized to your personal taste based on your friends, location, and how you search online. The cultural ramifications represents a step forward towards artificial intelligence.
As for marketers, it’s important to monitor how consumers and businesses interact with AR technology that creates deeper and more meaningful engagements which may lead to new marketing opportunities. [...]
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If you’ve been keeping up with the current marketing trends, you should be in the process of exploring how to utilize social media to benefit your business. By now, most of the “how to use” social media content is everywhere especially from reputation resources such as Mashable, Social Media Examiner or Twitip to name a few.
While most large organizations such as Fortune 500 companies are slow in adopting social media, many have started pilot programs to experiment with this new tool. Brands such as Dell, Coke Cola, Ford, Starbucks, Zappos, Best Buy and even sports league like NBA and NFL have found rapid growth by allowing fans to engage directly with athletes.
Share content that people find useful and want to share with others is the new mantra for new media marketing. Particularly small businesses have found social media as a way to demonstrate leadership and command influence in niche communities.
The latest data from the Small Business Success Index shows that “Social media adoption by small businesses doubled from 12% in 2008 to 24% in 2009. The biggest expectation small [...]
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In today’s fragmented media world where we all have some attention deficit in our busy lives, there are simply too many sources of information thus finding a filter that we trust is extremely important. Most people tend to prefer value, look for key opinion leaders and trust one-on-one communication sources.
Accordingly to a recent “Purchaser Influence Survey” by EXPO provided to eMarketer, over 92% of US mom internet users trust peer review more than manufacturer’s brand information. This data should not be a surprise because if you want recommendations for a restaurant or suggestions on buying a new cell phone, you’re pretty much going to first ask your friends. If you’re really serious about the purchase, you will do your “homework” first by reading bunch of online reviews from Yelp to Amazon before accessing your trusted sources.
Thanks to the increasingly social web, everyone can have a voice in their sphere of influence. As a result word-of-mouth has become the ultimate marketing arsenal for marketers to tap into their loyal customers and advocates to help spread their marketing messages through what [...]
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We’re almost midway through Q1 of 2010, if your business is still going through a tough time, you’re not alone. Perhaps it’s time to review your cost cutting measures or reexamine your value proposition to your customers.
McKinsey Quarterly recently published “The downturn’s new rules for marketers,” which suggests new ways to look at marketing in this post-recession era. Here are some key points from the article:
- To weather the storm, it will be necessary to identify anew who and where the profitable customers are and to prioritize the most effective marketing and sales vehicles for reaching them.
- The old tactic of focusing on historically profitable regions and customer groups will miss the mark. Instead, marketing and sales executives must reprioritize geographic markets and customer segments at every shift of economic fortune.
- Business-to-business (B2B) companies must go a step further. A fresh look at segments isn’t enough; instead, such companies must reexamine their opportunities and risks on a customer-by-customer basis.
- No matter how a company arrives at its quality assessment, the real power comes from combining that analysis with data [...]
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As we progress into 2010, the rapid growth of social media has allowed more access to information, consumers, communities, and experiences. This new medium has enabled a new way to communicate and share, from B2C to B2B marketers are all trying to figure out an edge. Many brands start to focus on the hybrid approach which I believe will be the next phase of digital and web marketing. The question is what role will it play in the marketing arsenal?
Here are 3 steps to consider when integrating social media to your marketing practices:
Brand Strategy Reassessment
Understand the changing habits of your customers should be the focus of your brand. Use the 80/20 rule to segment your customers and identify the difference between your old customers and new customers. The recession has permanently altered the way people think of value and the concept of trust.
According to Decitica’s new study, “Marketing to the Post-Recession Consumers,”
The effects of the Great Recession on consumer behavior are so profound that many of the assumptions underpinning consumer segmentation are no longer valid; and
Marketing strategies that [...]
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I’ve been busy with end of the year work and now I’m back on track. For those of you that follow the designdamage blog since the beginning, I want to take this opportunity to thank you for the support and hope I can continue to provide value for your time.
Although no new entries were posted for the past weeks, I continue to follow industry trends and send out useful content via my Twitter account. You can follow me via @designdamage
Now back to work.
After reviewing some important data and content from 2009, I’ve come to these conclusions that in 2010 social media will follow the footsteps of SEO and other forms of digital advertising: on the path to commoditization. As I’ve mentioned in the post “When to Adopt Social Media for Your Business?” that social media is still in the early adopters stage, but it’s heading towards early majority phase as the concept of connecting and sharing information online are gradually accepted.
According to eMarketer’s report supported by research from Cone “More than one-half of new media users (53%) believe brands [...]
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It will be increasingly difficult for brands to ignore the web when making marketing decisions. The brands that get ahead will be the ones that harness the web to work in conjunction with their existing offline campaigns while adopting more social marketing strategies to generating new consumer insights. Customers will continue to increase their time spent online and they need to be reach where they prefer to be reached.
Even for companies marketing entirely online or B2B businesses, the question will be how to benefit from blogs, social media and search engine to achieve the marketing goals? How to take their brand message online and into web communities that will create new business opportunities?
Here are 3 web marketing trends to consider:
1) A Shift in Web Properties to Blend Online With Offline Campaigns
There are two parts to this trend. First is the optimization of web properties, specifically efforts in blogs, social media, search engine optimization and email. Second is the strategic usage of those web properties within an overall campaign that may or may not include offline media (e.g. direct mail, [...]
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When you hear something enough times, it may be a fad. But when you start to see email spam about it, you know it’s a trend. That’s the case with marketing trends such as email marketing and social media. The problem with trends is that it’s usually a lagging indicator which means to seize the opportunity you may need to be an early adopters to reap the rewards.
If adopting new strategy and implementing fresh tactics sounds too risky, just take a look at the troubled newspaper and magazine companies and you’ll realize what I mean. Similar to technology innovation, brand strategy is taking on an increasingly strategic role focusing not just on the bottom line but the ability to produce desirable financial outcomes. It’s no surprise that the most innovative brands also fail more frequently, it’s the nature of the tried-and-true culture.
However, it takes discipline, research, analysis and creativity to find the right fit that works for your organization. Whether you’re promoting your personal brand or your corporate brand, here are the 3 brand marketing trends to look for [...]
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In an effort to keep up with the rate of change in the marketing landscape, it’s important to understand the tools available to drive results. Social media is the fastest growing tactic according to a survey by virtual events provider Unisfair, “Marketers’ top priorities for 2010 will be customer acquisition and retention and the most common tactics marketers plant to increase was social media, selected by three-quarters of marketers polled, followed by search (51%) and e-mail (49%).”
It’s indicative as the internet gets more social, the speed at which information is shared through platforms like Twitter and Facebook will continue to expand.
There is no argument that social media can benefit a brand but the problem is most companies are operating with a limited supply of resources. And with TMI (too much information) flowing around the internet you can easily lost yourself in a sea of information resulting in analysis paralysis.
In order to utilize the time on hand, it’s important to maintain focus on what’s relevant and wrap your head around a resource that walks you through the social media maze. [...]
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