Tag Archives: marketing

What The School Dance Shows Us About Marketing

Remember what it was like when you were a lot younger (ok, so not THAT much for some of you) and you’d head to a dance at school? There are the kids who would dance with anyone and everyone. There were the wall flowers who hid along the sides. Then there were whose who really wanted to dance in the worst way (well, not DANCE badly, but wanted desperately to participate!) but didn’t really know what to do. You could almost smell the desperation. They didn’t really have the skills to engage with the kids with whom they wanted to dance but they very much were sending out the signals that they wanted to.

High school dance, 1941. Worthington (Ohio) Hi...

(Photo credit: Wikipedia)

I was reminded of that as I read about how many marketers are planning to spend a lot more money on “social media advertising.”  Frankly, I consider that an oxymoron.  Social media, to me, is about engagement and conversation and not about using a megaphone to talk about yourself.  Nielsen put out the research a couple of months ago and it found that a majority of advertisers surveyed said they are going to increase their paid social media advertising budgets for 2013. In some cases they’re cutting back on display ads and it’s always a good idea to spread the ad investment across channels.  However, I’m a believer in using the resources to support social media efforts and not to buy ads on social platforms if a brand has to make a choice.

There was an AdAge study that showed the use of Facebook Ads is to drive brand awareness more than anything else.  That’s the equivalent of hanging by the gym wall – people can see you but there’s not much going on in terms of making engagement happen.  It isn’t until we lose our fear and go talk with someone (preferably about THEM!) that the invitation to dance can happen.  When people sense that desperation it makes them think they’re the lowest common denominator when an attempt at engagement occurs, whether it’s a dance or an ad campaign.

Nielsen said this: “Advertisers are doubtful or unconvinced about the effectiveness of paid social media advertising, indicating that the growth of the medium is being somewhat hampered by a lack of relevant, universally employed metrics.”  I don’t think that’s the entire story.  I think that doubt is spurred in part because it’s a square peg (ads) in a round hole (a social setting).  It’s the desperate kid standing by the gym wall shouting irrelevant nonsense.  As marketers we need to engage in that setting if we’re desperate to dance.  Chat someone up – see if there’s compatibility.  Maybe even dance a bit.  Who knows where it can lead.  Standing by the wall yelling “I really want to dance with someone!” isn’t going to work.  At least it never did when I was at those dances many years ago.  How about you?

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No More Megaphones

We’re discussed customer-centric marketing a lot here on the screed over the years. This morning there’s a piece of research out that reinforces many of the points we’ve brought up in those discussions. The good folks at MyBuys have released a study which is…

primary research across more than 1,100 consumers that examined how personalized marketing across channels impacts shopper attitudes and buying behavior. Survey results reveal that customer-centric marketing—the ability for retailers to engage consumers in one-to-one conversations across the customer life cycle and all touch points—increases buyer readiness, engagement and sales activity, with a record 40% of respondents now stating that they buy more from retailers who comprehensively personalize the shopping experience across channels.

What I like about this is the recognition that purchasing is a process.  People have to be ready before they’re going to ring the cash register and part of the marketing process (a big part as it turns out) is fostering that readiness.  In fact, one thing the study show is that it can detrimental (at the very least to your conversion rates) if you get people to your website in an attempt to buy before they’re ready. When people leave websites without purchasing it is most often because they were “still in the research process” (44%).  So much for the “hard sell.”  It speaks to the notion of an ongoing conversation as well as to the abandonment of a “one size fits all” marketing plan.  More complicated?  For sure.  Better payoff?  You tell me:

When customer-centric marketing is implemented across channels, retailers typically realize a full 100% increase in purchase frequency, a 50% increase in average order value and a 25% increase in conversion of cart abandoners to buyers. These and other improvements stemming from customer-centric marketing equate to delivering a 25% increase in total online sales and a 300% improvement in customer lifetime value.

So how does one go about this?  Well,  “readiness” requires finding the right product (67%) at the right price (55%). In addition, personalized promotional emails (57%) and personalized online advertising (35%) were shown to be the top vehicles to prompt consumers to purchase.  Not surprisingly, Amazon was the site to which people turned after quitting other sites while shopping.  Amazon is textbook customer-centric marketing.  My experience on the site and yours will be totally different, as will the marketing materials we receive.  Any wonder they’re the biggest?

Throw away your marketing megaphones – they might be doing more harm than good.  I suspect this behavior is going on offline as well but that’s another post.  Does that make sense?  Does the research?

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