January 17, 2013 · 11:30 am

The Most Effective Marketing Words

Since I seem to be emptying my “possible posts” research folder this week, here is something recent that comes to us from the good folks at Weber Shandwick.

English: Good customer service requires high p...

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It’s a study called “Buy It, Try It, Rate It” and you can read the study here.  While this may fall into the “duh” category of research, the study found that consumer reviewers trump professional reviewers as the key purchase influencers and further shows that 65 percent of potential consumer electronics purchasers are inspired by a consumer review to select a brand that had not been in their original consideration set.  It turns out that the average buyer consults 11 consumer reviews as they get ready to purchase.   A few other key findings:

  • Consumers report that they pay more attention to consumer reviews (77 percent) than professional critic reviews (23 percent). The gap between consumer and professional reviews closes noticeably, but not entirely, for more advanced technologies like tablets and computers.
  • The most influential reviews include certain elements. In consumer reviews, the most helpful ones are those that seem fair and reasonable (32 percent), are well-written (27 percent) and contain statistics, specifications and technical data (25 percent).
  • Shoppers trust consumer reviews on Amazon.com (84 percent) and BestBuy.com (75 percent) the most, topping Consumer Reports (72 percent). Consumers show no apparent discomfort in getting their research from a seller of the products they’re considering.

This gets to the notion of authenticity.  I’ve remarked to some people that the next review I find in a golf magazine which gives a bad review to a piece of equipment will be the first.  It’s pretty obvious that without golf manufacturers advertising in the books most of the publications would be in deep financial trouble.  Professionally generated content about electronics, cars, and other goods can have the same skew, or at least raise the issue in consumers‘ minds as the study shows.  What can you do as a brand?

First, be transparent.  This means, among other things, don’t do everything you can to have negative reviews pulled down and certainly don’t censor them on your own site.  Second, as the study suggests,

companies need dedicated resources to manage social network communities for purposes that go beyond branded content. An online community manager should be encouraging customers to review products, disseminating positive customer and professional reviews through social channels, and working in tandem with customer service to respond to customer feedback or issues quickly.

Third, be authentic.  Don’t use marketing speak – write as if you are a consumer.  Finally, don’t be afraid to engage on other sites – Amazon, for example – which have become so influential in the process.  Do so openly though.

The most effective marketing words are those coming out of consumers’  mouths.  While we as marketers can’t put them there, we can listen carefully and respond honestly   That can help make sure those words are positive.  You agree?

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January 16, 2013 · 11:49 am

A Social Marketing Study

I’ve been meaning to write about the Chief Marketer 2012 Social Marketing Study for a little while now.  Even though it came out a couple of months back, what it found is pretty relevant and I think you might find some of those findings relevant to what might be on your marketing mind.  At least I hope so!

As one might infer from the name, the topic is brands’ use of social media for marketing purposes.  You can get the study by clicking this link (registration required) but here are some of the key findings:

  • 76% of overall respondents to the survey said their brands were conducting some level of marketing within social media, and a further 16% reported plans to begin do so by the end of this year, making for a potential social marketing contingent of 92%.
  • More than half of respondents cite the difficulty of calculating an accurate return on their social marketing outlays as a prime frustration with the channels. That difficulty in turn grows out of their second most often expressed complaint in this year’s survey: the difficulty of accurately tracking sales to social campaigns. Those response rates held true for both B2C and B2B marketers.
  • Marketers are also troubled by issues of content: specifically, by the amount of time their staffers spend curating social media and by the need to keep social media supplied with a constant stream of new, fresh, engaging content.

Other not so surprising data points are that the primary purpose marketers have for using social is to drive web traffic and that most of their efforts are on the big three social sites: Facebook, Twitter, and LinkedIn.  What all of this said to me was not so much about how quickly marketers adopted social as a channel but how their efforts are really just sort of fumbling along.  Not every brand should be on Facebook yet all seem to be.  While I’m a firm believer in having measurable outcomes to help with ROI calculations, it seems from the study as if the standard to which social investments as being held are out of whack with both how social is being deployed as well as with the standards applied to other channels.  Finally, the emphasis on creating new content is a good one but it sounds to me as if that content is being used in the context of social media as a megaphone – yet another broadcast medium.  I could not disagree more with that approach.

Does your company use social media for marketing?  Are the study’s findings in line with your experience?  Am I missing anything?

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January 15, 2013 · 9:48 am

Want To Learn Something? Teach It!

As we’ve discussed before here on the screed, I went to school way back in the last century to become a teacher.

English: A teacher and young pupils at The Bri...

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To do so where I went to school you had to major in both your field of choice (English in my case) as well as in Education. You studied the information you were going to teach as well as the teaching process itself.

There was a flaw of sorts in that education. English majors do not spend a lot of time on grammar or spelling (even if we do get beaten up about it by our professors). We teachers-in-training had to take a course in philology which other English majors didn’t, but in general our subject matter learning wasn’t much different from our peers who weren’t getting teaching licenses. I hasten to add we DID have to take a lot of courses about how to teach but they were for anyone becoming a teacher no matter the subject area.  What I didn’t quite understand at the time was something that I’ve since learned:

If you want to learn something, teach it.

A fairly sizable part of what we do in business is teach. It may be that we need to develop staff or it may be that we’re trying to educate a potential customer about our product. Either way, we’re teaching. The funny thing is that you discover immediately that it’s impossible to educate someone about the subject if you don’t fully understand it yourself.  You find the holes in your knowledge base.  Many of us have had teachers who we thought were one chapter ahead of the class in terms of their knowledge.  It’s the same in business – I’m sure you’ve had the experience of a salesperson who knew less that you did about a product or who couldn’t answer a question without running for an information sheet.

So today’s business point is this:  if you want to understand a topic or a product fully, prepare a lesson plan about it as if you were going to teach a class on it.  You’ll learn a great deal about it as you flesh out the various outlines.  This works for almost anything – it’s almost impossible to explain something if you don’t understand it.  Then let me know what you think!

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