July 17, 2013 · 8:48 am

One Man’s Relevant Is Another’s Spam

There is a factoid coming out of some research that will be our topic today.  I find it of interest because it’s a dilemma that I share to a certain extent with the folks surveyed.  While the topic of the survey was the use of email, one of the key findings resonated with me:

The greatest percentage of marketers still felt challenged to create relevant and compelling content that will really draw in recipients. This ranked as the No. 1 challenge among B2B and B2C respondents to achieving their marketing objectives, but it was also considered the most effective tactic, cited by 71% of B2B marketers and 65% of B2C marketers. If marketers can create strong content, they believe it really does work at converting consumers.

This survey was conducted by the folks at Ascend2 and Research Underwriters.  I can attest to the challenges of creating compelling content – you see the result of that struggle each day here on the screed.  However, I wonder about the definition of relevant.  After all, you don’t have to go further than your own daily conglomeration of inbound emails to recognize that what’s compelling to those sending the stuff isn’t always at the top of your interest list.

Let’s take it out of the realm of commercial email for a second.  You probably get a few emails each day from friends or coworkers that are totally useless.  By that I mean you can ignore them and be no worse off – no less informed or enlightened.  They’re the “thanks” emails when you say you’ll follow up.  They’re the mails sent to 25 people on a team about a meeting involving 5 of them.  I’m all for communication but that gets to the “compelling and relevant” issue found in the survey.

Take that notion to mail you’d send on behalf of a commercial enterprise.  If you’re and airline and you’re sending me information about special fares that don’t apply to the city in which I live, you fail.  If you’re a vet sending me a special offer for the dog that died last year, you fail.  You see, what I’ve found is that compelling and relevant also means reader-focused, segmented, and based on whatever user data I have such as best read posts, etc.  It’s not  just some formula that satisfies MY agenda.

Marketing is hard and getting harder.  So’s blogging!  Neither one succeeds without a laser-like focus on the user.  Right?

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July 16, 2013 · 10:13 am

Staying Together

It’s Tunesday! Today is a special one for me since it’s the 35th anniversary of the day the Mrs. and I got married. Because of that, I wanted a song from roughly the time when we got married that’s also a love song. What popped into my head this morning is “Let’s Stay Together“, a hit for both Al Green and Tina Turner.   The two hits actually happened on either side of our wedding date and I’m very aware that a lot of folks use this as a wedding song (we didn’t – Embraceable You, as I recall…).  I’ve always thought that Al Green’s version was way too low-key for the passion of the song and the video below is a live Tina Turner version which captures the song’s essence:

So what’s this got to do with business?  Actually, quite a bit.  You see, trying to stay together is what all of us do as businesses – with our customers, our team, and our vendors:

Let’s, let’s stay together
Lovin’ you whether, whether
Times are good or bad, happy or sad

The one thing that makes a relationship last is the trust that you’re standing on certain ground.  As the lyric says, you may go through bad times as well as good but never wondering about the underlying connection is crucial.  A customer with issues may not be happy but they’ll stay a customer if they trust you’re working to resolve their problem.  They want to hear “let me be the one you come running to”, not “I’m unable to help you.”

At its core, a relationship of any sort involves an investment of some sort.  While there is a lot of sanity in not throwing good money (literally and figuratively) after bad, it’s generally easier to keep a customer than to find new ones.  A commitment to trying to stay together makes that happen.  That’s how you celebrate 35 years as partners!

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July 15, 2013 · 11:07 am

Non-virtual Commerce Portals

I do most of my non-food shopping online and I think I might have made a mistake that’s all too common among business folks:  I assumed I was just mirroring that habits of the public at large.  I also figured that shopping malls would be on their last legs.  After all, if you never have to leave your house to go shopping or stand in a checkout line while some whiny baby serenades you, why wouldn’t you choose to do that?

Shopping mall

(Photo credit: pix.plz)

Not only am I way off base, but there is research that shows just how far wrong I am.  Despite some fairly big gains with respect to share of market by online merchants, 95% or shopping still occurs offline. According to a recent Nielsen report, in the fourth quarter of 2012, 5.4% of retail sales came from online channels, up from 3.6% in Q1 2008.  Big gains, a lot of dollars, but still a fraction of the retail world.  Why do I think this might be of interest to you?

Other than media, there is no other sector of business so dramatically affected by the grown of digital than bricks and mortar retail.  Since shopping malls have replaced the “downtown” in most places outside of major cities, they are sort of ground zero to feel the impact of this change.  Yet although many of them are suffering through high vacancy rates and others (as shown in this Dead Mall site) are dead and gone, something else is happening that is instructive.  As Nielsen found:

Malls are changing their focus and aren’t just places to buy things. They’re social centers, places for entertainment and employment hubs. They’re also transforming what consumers can expect from a shopping experience.  The line between shopping, entertainment, and community building has blurred. This blending of experiences has created an opportunity for retail to strengthen social ties within communities looking for communal experiences.

In other words, “Malls” are now non-virtual commerce portals.  I think they can go further.  Imagine a “guy” mall, for example.  Instead of Macy’s or Target as an anchor tenant, maybe it’s an indoor driving range, a shooting range, a bowling alley and a sports bar, surrounded by men’s shops, hardware stores, etc.  Why not stretch the thinking a bit and develop that property next to one that’s female oriented.   Combine each with an active social presence (Instagram and Pinterest will be very helpful here) and you’ve transformed the “mall” experience into something more akin to how people shop online.

We all need to think out of the box before they put our business in one to bury it.  You with me?

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