Melissa Pickle

Customer-centric Marketing: 5 takeaways on consumer behavior from researchers and strategists [Part I]

June 14th, 2016
Comments Off on Customer-centric Marketing: 5 takeaways on consumer behavior from researchers and strategists [Part I]

At MarketingSherpa, we’re in the planning phase for MarketingSherpa Summit 2017. With the interest of our customers’ experience at the core of our every decision, we conduct extensive research to select the most thought-provoking and applicable keynote sessions for our attendees.

During our research phase, we have identified 10 key takeaways from leading experts (both academics and practitioners) in marketing. That’s a lot of key takeaways, so we’re breaking it up into two digestible bites. Read on today for insights around customer centricity, empathetic marketing and “less is more.”

 

Takeaway #1. Customer centricity does not mean doing exactly what the customers want

Dr. Peter Fader, Professor of Marketing at University of Pennsylvania and Co-director of the Wharton Customer Analytics Institute, explains that while performing at the level of meeting or exceeding customers’ expectations is a component of customer centricity, it should not be a blanketed approach for all customers.

According to Fader, truly customer-centric organizations do not treat all customers the same because they do not provide equal value to the company. Most of us are aware that we should identify different segments of customers. Fader establishes that while segmentation itself is not a new idea, how it is conducted has evolved from simple demographics to customer lifetime value. He suggests companies organize themselves around different customer segments rather than different products. Then, organizations can deliver products appropriate to their segments of customers.

In summation, to truly become customer centric, companies need to identify and invest in the right customers.

  Read more…

Paul Cheney

Direct Marketing vs. Wholesale Marketing: How Steve Madden organizes and optimizes its $1.4 billion shoe empire

June 9th, 2016
Comments Off on Direct Marketing vs. Wholesale Marketing: How Steve Madden organizes and optimizes its $1.4 billion shoe empire

When your business is 80% wholesale like Steve Madden, how do you carve out a unique value proposition for your direct ecommerce business?

 

Watch the full interview to find out

“The value proposition of our site is that we have the deepest selection [and] we have it before anyone else.”

So said Mark Friedman, President of Ecommerce for Steve Madden, yesterday during a live interview at the MarketingSherpa Media Center at IRCE 2016.

Additionally, Mark mentions the company’s community of rabid Steve Madden fans in social channels and through the SM Mag.

“It’s crazy how people feel about the brand. We incorporate that into the site, and that gives others some perspective of how some people are wearing it. You’re getting to see not only the product that they bought, but their complete look and how they put it together,” Mark said.

Of course, because the business is 80% wholesale, Steve Madden can’t just leave partners out in the cold. To balance its relationship with partners, Mark mentions the team employs a variety of tactics, including:

  • Syndicate product photography done in-house
  • Syndicate product reviews that were written on SteveMadden.com

  Read more…

Regina Love

How Integrating Customer Service and Marketing Can Build Successful Consumer Marketing

June 7th, 2016
Comments Off on How Integrating Customer Service and Marketing Can Build Successful Consumer Marketing

This week, the MarketingSherpa team is running the official Media Center at the world’s largest ecommerce event – IRCE 2016. We’re interviewing speakers, industry experts and brand-side marketers to bring back ecommerce lessons for you. To get notification when this year’s interviews will be available visit our IRCE 2016 Media Page. Until the videos are up, here’s an interview from last year’s event. 

When you go to a restaurant and your customer experience before the meal arrives is terrible, you’ll most likely refer to that restaurant as being terrible, even if the meal was amazing. Customer service has the power of leaving a bad taste in your mouth.

Customer service and marketing now work together more than ever. At the MarketingSherpa Media Center at IRCE 2015, Courtney Eckerle, Managing Editor, MarketingSherpa, interviewed Katie Laird, Director of Social Marketing, Blinds.com, on how her team was making amazing strides with their customer experience.

Here are a few components to transforming customer service feedback internally to build success in your company.

Read more…

Courtney Eckerle

How maurices Increased ROI by the Strategic Use of Omni-channel Marketing

May 27th, 2016
Comments Off on How maurices Increased ROI by the Strategic Use of Omni-channel Marketing

“The real challenge is that the path to purchase isn’t just a single step anymore,” said Ali Wing, Chief Marketing Officer, maurices.

The clothing retailer has addressed this in two ways, Ali said.

  • Putting in place attributions in order to organize which channels receive credit
  • Transitioning analysis of those attributions from a transactional approach to that which includes well-rounded customer data

“We’re attaching customer data so we get a long-term value in understanding the customer we’ve acquired, versus the transaction we just acquired,” said Eric Bibelnieks, Vice President of Enterprise Analytics, maurices.

 

Many marketers struggle in a transition of this nature with understanding which data points are important when it comes to understanding your customers, and Ali has a specific approach that helps her and her team.

“I don’t care as much about absolute precision in any one of the channels. I care about a criterion that I consistently apply and then watch for patterns, because patterns tell us more than the nominal amounts in any one of the channels right now,” she said.

Read more…

Brian Carroll

Six Places to Focus to Make your Website a Revenue Generator

May 24th, 2016
Comments Off on Six Places to Focus to Make your Website a Revenue Generator

We have more digital marketing channels than ever before, but it’s become even harder to connect with customers. In my role as chief evangelist for MECLABS Institute, MarketingSherpa’s parent company, I get to talk to marketers and thought leaders daily.

One thing’s become clear, that there is a growing divide between those who are fully engaged with digital marketing and those who are still figuring out the fundamentals. When I read the report by Kristin Zhivago, President of Cloud Potential, on “revenue road blocks,” I wanted to see what she’s discovered to help marketers quickly close this digital marketing gap and do better.

If marketers directly address getting six key focuses right, you can move forward and close the gap between digital and customers.

Brian: What inspired you to do your research on revenue road blocks?

kristin-zhivago-president-cloud-potential

Kristin: Actually, it was our day-to-day experience working with company managers that drove us to these conclusions, combined with our research on the best practices of digital market leaders in more than 28 industries. The gap between the companies that are successfully using the newer methods and those who are not is growing wider by the quarter.

What is really concerning is we are seeing otherwise solid, successful companies slipping behind their more digitally adept competitors, and they can’t figure out why. They’re doing what they’ve always done, and it’s not working anymore.

Of course, that’s the problem. Buyers have radically changed the way they buy, especially in the last couple of years, and these sellers haven’t changed the way they’re selling. Mobile and the cloud have changed everything; today’s buyers are not the obedient, pass-through-your-funnel buyers that we used to be able to depend on. They are looking for any excuse to say no, because they are sure that there’s another solution only a click away. There is absolutely no risk for them to reject you. In fact, rejection is the safest option for them.

Read more…

Regina Love

Maximizing Multiple Marketing Platforms for Success

May 20th, 2016
Comments Off on Maximizing Multiple Marketing Platforms for Success

After 35 years in the industry, Chinese Laundry, a privately held women’s footwear company, continues to expand its influence season after season.

During Internet Retailer Conference Exhibition (IRCE) 2015, MarketingSherpa’s Courtney Eckerle spoke at the MarketingSherpa Media Center with Scott Cohn, Vice President of Ecommerce, Chinese Laundry.

Scott spoke about how marketers tend to establish processes or utilize platforms that work for specific projects or campaigns, but don’t always think about how it affects our customers.

“The biggest challenge we had is that they [platforms] were perpetually out of sync. So our inventory, pricing and a whole variety of other things that a customer expects to be consistent across channels, just weren’t consistent,” he said.

Whether you are looking to condense your blog platforms to update your content strategy or want to build product awareness, Cohn shared two key takeaways on maximizing multiple marketing platforms:

 

Be on the lookout

When undertaking a technology innovation, how do you begin to think about where you pain points lie?

Read more…

Daniel Burstein

Marketing Basics: Don’t overlook these 5 digital marketing tenets

May 17th, 2016
Comments Off on Marketing Basics: Don’t overlook these 5 digital marketing tenets

There are so many impressive things you can do with your website these days. Augmented realty. Rich animations. Micro-interactions. Interactive infographics.

But I like to think of it like this …

When the quarterback throws a 90-yard touchdown pass, the camera cuts to the wide receiver doing a celebratory dance, and then to the quarterback pumping his fist. What they’re not showing you is the right guard who picked up the blitz to allow the quarterback the time to heave up that bomb.

Your website, content, and digital marketing is often presented the same way. Advanced, flashy user interfaces are great. But looking in our own analytics, I was reminded there are probably a few unheralded, down-to-Earth, un-buzzworthy basics that should still power your online marketing.

 

Basic content

“Basic” has become slang for “limited,” “rudimentary” or any number of other negative connotations. To quote Kara Brown on Jezebel, “Being basic just means that you aren’t that dope.”

And you probably feel that way about the content on your site as well. You are steeped in the latest, most advanced things going on in your industry. You focus on the breaking news. You spend your waking hours thinking about the coolest features of your products, and most advanced capabilities of your services.

But is that what your customer is looking for?

Read more…

Daniel Burstein

Video Marketing: Electronics retailer injects fun into product tutorials to achieve 1.75% purchase rate

May 13th, 2016

“We try to have fun with everything we do, and our audience seems to respond to it pretty well,” Gregg Barclay, Senior Videographer, SparkFun Electronics, told me in an interview at last year’s MarketingSherpa Media Center at IRCE.

What it takes to produce online video marketing

YouTube, Vimeo and other online video sites have lowered the bar on what it takes to use video to promote your product to consumers. They no longer expect a slick commercial with a massive production staff and budget. The DIY feel can resonate with customers, as well (and for the right product, feel more authentic).

But, as with any business initiative, video still requires a resource investment. For a company with relatively limited revenue ($30 million in sales), SparkFun has nonetheless chosen to make a significant investment in video with seven or 130 employees dedicated to this purpose.

Only two (including Gregg) are involved in the actual shooting and editing of the video. Additionally, there are three full-time creative technologists building products. The team invests a few days in preproduction while the shooting and editing is complete in just a few hours.

This may be a reason SparkFun’s videos have been successful. After all, no matter how slickly a video is produced, it is just a container. You must fill that container with entertaining, helpful content.

“I never wanted our videos to feel like commercials,” Gregg said. “I wanted them to feel like these are projects that we would build whether we were working there or not, and I think that that’s what our audience really responds to because they’re doing the same things that we are.”

The electronics retailer introduces 10-15 products per week, and its team is able to produce two to five videos per week that shows customers how they can use them.

 

Video content driven by fun online tutorials

While the site also includes more traditional tutorials, along with informational product and how-to clips, fun is a key component in many of the videos, such as in the LIDAR Lite Module video or SparkFun Claw Machine! video.

lidar-lite-review

“We always think of fun first. It’s in our name — SparkFun Electronics,” Gregg said. “There might be more conventional uses for these products, but we try to think out of the box a little bit and really get people thinking of other ways to use this kind of stuff.”

As a result, 1.75% of people who view a video on SparkFun Electronics buy a product within that session. This doesn’t include people who watch a video and come back later to purchase, or those who watch a video on YouTube, so the real impact might be even higher.

 

 We’ll be heading to Chicago in a few weeks to bring you more stories of marketing, ecommerce and fun from the MarketingSherpa Media Center at IRCE 2016.

 You can follow Daniel Burstein, Director of Editorial Content, MECLABS Institute, @DanielBurstein.

 

You might also like

Inbound Marketing: Small business builds YouTube channel from the ground up, expands to 40 countries

Video Marketing How-to: 4 tactics from a small business that generated 1 million YouTube views [MarketingSherpa Case Study]

MarketingSherpa Summit 2017 in Las Vegas Call for Speakers — Tell us your story for a chance to speak and, as a bonus, win a trip to Summit in the MarketingSherpa Awards

Daniel Burstein

Mobile Email Marketing Optimization: Tips for beginner and advanced marketers from four experts

May 10th, 2016
Comments Off on Mobile Email Marketing Optimization: Tips for beginner and advanced marketers from four experts

In the article from today’s MarketingSherpa Chart of the Week newsletter, we share data produced exclusively for MarketingSherpa by Adestra and Econsultancy, which identified the mobile email marketing optimization techniques that most commonly produce excellent email marketing ROI.

You can take a closer look at the data in the article – Email Marketing Chart: ROI from optimizing email for mobile devices – but here’s the punchline: Optimizing emails for mobile is more than three times as likely to generate ROI.

If you need data to help justify the budget, resources, and buy-in you need from business leaders or clients for optimized mobile email marketing (or if you’re already optimizing your mobile email marketing but need resources to move to the next level), the chart is an excellent asset.

So now what? Let’s say you get the resources … where do you begin? Or perhaps you’re already several years down the road, but are running out of ideas on what to do next.

To help with your mobile email marketing, we interviewed four experts who gave us invaluable tips for both beginner and advanced mobile email marketers. We’re including all the tips in one blog post to allow you to easily scan because, let’s face it, one marketer’s “beginner tactic” is another marketer’s “advanced idea.”

Let’s get started …

 

Tip #1. Start simple

No matter your budget or resources, adding tasks to your department’s already overflowing plate is no easy feat. This is especially true when you consider the proliferation of mobile device types, screen sizes, operating systems, email readers, and download speeds.

(You can multiply that complexity several times over if you have an international customer base.)

But the experts we interviewed encouraged marketers to simply get started on the changes you’re capable of making right away, and not trying to swallow all that complexity with one bite.

“Most of those just starting on the mobile optimization journey feel overwhelmed, so they should keep in mind that simplicity is often the best route,” said Monica Savut, Senior Research Manager, Econsultancy. “Focusing on the core components is key, from using a single-column design and hiding content that might not be essential in a mobile view, to including a mobile-friendly pre-header and designing for ‘fingers and thumbs.’”

“For companies just starting to put a mobile strategy together, simplifying is key,” agreed Aaron Pearson, Product Manager, Listrak. “Simplify you template and layout; simplify your content such as copy, buttons, and images. A mobile-optimized template doesn’t necessarily have to be responsive, so don’t worry about spending time developing a hugely complex system to deliver content to your subscribers. Instead, focus on iterating your content strategy and begin to improve the conversation with your audience.”

Read more…

Courtney Eckerle

How to Build a Brand that Customers Passionately Love

May 6th, 2016
Comments Off on How to Build a Brand that Customers Passionately Love

Every Friday leading up to June 7, when IRCE begins in Chicago, MarketingSherpa will be diving into the lessons learned from last year’s Media Center interviews with speakers and attendees, such as Eoin Comerford, CEO, Moosejaw. He and I spoke last year about taking risks in campaigns in order to reap the rewards of customer loyalty.

 

“What it comes down to is, do you want a brand that people will care about? If you try to be all things to all people, you’re really nothing to nobody,” he said.

Read more…