Tag Archives: Advertising and Marketing

Feeling The Love

I read something the other day that got me thinking.

Advertising

(Photo credit: Wrote)

Businesses spend over $200 Billion on advertising and yet surveys show that only 4% of customers trust advertising as a source of information about products and services.  I’ve written about this before and how word of mouth, consumer review sites, and other social media are far more important these days in many purchase decisions than is good old advertising.

Think about your own shopping habits.  You are interested in something, and the bigger the purchase (TV, technology, a car) the more likely you are to research the heck out of it.  Anyone you know bought something major without asking around or checking it out?   Much of the time, that “checking out” process happens in a physical store but many of us window shop online as well.  Maybe it’s advertising that precipitates the desire for a product but it’s what happens next that sells it.

I was in an unfamiliar store the other day and couldn’t find something.  I asked an employee who was replenishing the shelves where I might find the item, fully expecting an “aisle 5” sort of response.  Instead, he put down his box and walked me over to where the item should have been.  When it wasn’t there, he said “wait here” and went in the back to find me what I needed.  I was feeling the love and this store will be a regular part of my shopping.  Yes, it was advertising that got me in but had he just directed me to an aisle I would have left the store empty-handed, unlikely to return.

Maybe “customer love programs” needs to be a budget item.  Many retailers cut back on floor help after the holidays while increasing advertising.  Is that backwards?  Might money spent on customer service – read that as retaining existing customers – have a better ROI than on the ads designed to attract new ones?  A happy customer might not tell everyone about how great your products are unless they’re asked, but I can guarantee a large percentage of them (studies show 95% take action) WILL tell their friends how horrible you are (79% told others) should they be unhappy with you or have a bad experience.

We all have heard the old Attention -> Interest -> Desire -> Action paradigm, or  AIDA.  Maybe we need to get “show some love” in there somehow.  Thoughts?

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Filed under Consulting, Thinking Aloud

Most Read Posts Of 2013 – Part 5

For our final installment of last year’s most read posts, I present one that was published way back in January.  This was the most read post I wrote last year which I find surprising. Given that it was originally called “The Most Effective Marketing Words” (link bait alert!), maybe not.  As I read it again today I realize that it’s a good basic overview of a few of the marketing tenets I hold near and dear.  Let’s see if they resonate with you.

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.

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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Filed under digital media, Helpful Hints

The Pandora’s Box Of Content

As we get to the end of the year, many people (myself included) use the leisurely pace of this week to reflect and/or plan.

Pandora's Box Side

(Photo credit: yum9me)

With that in mind, I think we should spend a bit of time reflecting on Pandora’s Box and how it relates to content.  As you remember, said box was said to have contained all the evils of the world.  Modern usage of the expression is more like the Butterfly Effect I’ve written about before – small things leading to major impacts.

The Pandora’s Box to which I’m referring today is that of native advertising.  I’ve written before about this topic as well, but as the pace of publishers to utilize sponsored content that’s made to look like editorial increases, I wanted to pause and reflect on it again.  As The Wall Street Journal reported

Spending on sponsored content is expected to grow 24% to $1.9 billion this year, a faster growth rate than for most other forms of digital marketing. Total digital advertising spending will total $42.3 billion this year, according to eMarketer.

In other words, roughly 5% of all digital ad spending will be on this form.  That’s a lot.  I’m old school – ads should be easily recognized as such.  That said, I have no problem with content put together by a sponsor and a publisher as long as the substance of that content is accurate.  For example, this blog could be considered an ad for my consulting practice.  That said, I go to some lengths to be sure that what I put up here on the screed is fact-based and not one-sided so that you can mind up your own minds.  An article on, say, the health benefits of french fries (good luck with that!) that exists solely because McDonald’s or Burger King commissioned it and seems like every other article on the web page or magazine or TV news report seems well over the foul line.

This Pandora’s Box is wide open.  Even the New York Times digital is accepting this kind of advertising.  Think is will be long before it isn’t 30 minute infomercials we see on TV but 2.5 minute “news updates” that use station talent?    I’m glad the IAB is working on guidelines and I’m glad the FTC is holding hearings.  Ultimately, however, it’s those of us who  are the product (it’s our eyeballs they’re after!) who need to weigh in loudly.  You agree?

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Filed under digital media, Huh?, Thinking Aloud