Marketing
June 30, 2010
Greater emphasis is clearly placed on value and multiple-unit purchases rather than on adding “frills” via merchandising tactics beyond clearance areas and rebates. An interesting aside is that unlike B-to-C customers who have come to expect plentiful free shipping offers, the lack of such promotions does not seem to negatively impact the B-to-B customer’s decision to make a purchase.
June 24, 2010
Combining the forces of social media with email marketing has been under way for some time, with savvy marketers using the two channels to complement each other rather than compete. As companies gain experience in the area, their choice of tactics may change. A survey of small businesses by email marketing company AWeber found the most common tactics implemented last year were tweeting email newsletters and sending out blog entries to email lists. Fewer than four in 10 small businesses were engaging in those activities, and only about one-quarter had email sign-up forms on their social profiles or links within email messages to follow them on social sites.
June 23, 2010
The Direct Marketing Association (DMA) today released its Quarterly Business Review for the first quarter of 2010. As the trends toward increased accountability and technical innovation continue their rise in popularity and ROI among the business community, the digital channels have consumed the top slots for new marketing spending. The study shows that for the first time in two years, marketers and their service providers reported across-the-board increases in revenue, marketing expenditures and profitability compared with both the fourth quarter of 2009 and the same quarter last year. Their optimism about the second quarter also grew.
June 16, 2010
The Direct Marketing Association today released the 2010 Response Rate Trend Report, which provides key cost and performance benchmarks to help marketers gauge the efficiency of their campaigns. The updated report shows effective paid search campaigns usually lead to a multistep sales process.
June 8, 2010
On day two of the Retail Marketing Conference in Orlando, Fla., last month, a panel of executives from Best Buy, Dell and 1-800-Flowers.com took part in a roundtable discussion on how their businesses have evolved their brand, e-commerce and marketing strategies to differentiate themselves from their competition through innovation.
June 7, 2010
Retailers encounter moments of truth that make or break their sales and marketing effectiveness multiple times each day. How they inter
May 27, 2010
H&M Style Eye was sponsored by Lucky Magazine, Conde Nast Digital and MTV Networks, and was held on Facebook. Whoa, watch out multipurpose powerhouses! For the contest, users uploaded stylish photos of themselves while others voted. H&M went on to choose the three most stylish, flew them to New York for a weekend, along with a $500 H&M gift card and a photo shoot for the July issue of Lucky. Best of all (and supremely smart of H&M), the entire hoopla was shot on video and then broadcast on YouTube and Facebook.
May 25, 2010
Tying the results of a marketing tactic to the actual financial performance of a company is no easy feat. You may not have ready access to business performance or transaction metrics to allow correlation. The sheer array of channels and options available to marketers, and the rise of new marketing tactics such as social media, only add to the difficulty of measuring clear results.
April 27, 2010
Given an inherent reliance on targeted and personalized content, direct digital marketing is a proven and effective approach to lifting key online retail metrics. But a reasonable question persists: How does an overall direct digital marketing approach to customer communications impact real e-retail challenges like shopping cart abandonment?
April 20, 2010
Tasked with generating higher revenues on smaller budgets in more crowded marketplaces, today's marketers must take advantage of every tool at their disposal. One such resource is the power of word-of-mouth, an approach that uses the innate behavior of a unique group of consumers, known as influencers, to extend the reach of your efforts via “talkability.” A recent whitepaper from ICOM, a division of Epsilon Targeting, examines how to best tap into this rich resource.
Based on the latest findings from ICOM, previous profiles of influencers have to be adjusted. Consider the following:
- consumers are influencers strictly within product categories, not across them all;
- few commonalities exist within influencer demographics, as they cross gender, age, income levels and channels; and
- influencers do their talking in person — at the kitchen table, on the phone, etc. — but opportunities exist to take their messages to new realms, such as social media.
Influencers also have a higher propensity for connecting with friends and family than random consumers, the whitepaper finds. Therefore, their comments carry more credibility, regardless of the size of their networks, because they tend to be more active within social communities. Because they've established themselves as authorities, influencers are more likely to be sought after for their opinions, the whitepaper says. That's why it's so valuable for an influencer to tout your specific brand or product.
Once you've identified influencers, track their behaviors. Influencers' audiences include not just the assumed demographic, but also unexpected sets of consumers, according to the research. People who are influencers recommend in three categories or fewer, the whitepaper finds. And these recommendations are typically made in personal settings. Regardless of how influencers receive product information — via email, first-hand experience or in-store promotion — about 90 percent of word-of-mouth communication occurs face-to-face or via phone, reports ICOM.
