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Posts Tagged ‘research and measurement’

Marketing Careers: Why gut instincts are only artificial marketing brilliance

October 4th, 2013

At some point in your marketing career, you’ve had a moment of artificial marketing brilliance.

It was a moment where you suspected your customers might respond better to a shorter form or a bigger and more colorful call-to-action button inviting them to a unique experience.

You might have even had the sneaking suspicion that changing some of the value copy on your homepage would boost sales of your product or service because no other competitor can boast figures close to your product’s success rate.

So, you make changes as your gut tells you, “Of course this will work.”

Afterwards, you kick back to watch the ROI roll in.

And then, it happens.

Your brilliant idea bombs in glorious fashion and you’re left scratching your head.

If your marketing is driven by intuition, at some point, you are going to fail and it’s one of the best things that can happen for your customers and your career. Read on to find out why.

 

Failure starts at relying on your gut

Many marketers use gut instinct in hopes of delivering optimal results, but when they fall short of expected results, those marketers never fully understand why.

But, if we use the hypothetical situation above, some clues emerge that can help us understand what leads to failure.

According to the MarketingSherpa 2012 Marketing Analytics Benchmark Report (free excerpt at that link), when marketers were asked …

Q: Instead of analytics data to make marketing decisions, we rely on the following:

 

Nearly half (42%) responded with gut instincts, followed by historical spending trends.

So, with almost half of marketers proclaiming instinct and prior spending as their decision engines, let’s fill in the blanks with a few primary sources of inspiration:

  • Case studies performed by other companies
  • Best practices picked up along the way
  • Marketing research

Now, I’m not saying there’s anything wrong with these resources because, let’s face it, it’s easier to borrow from a seemingly good idea than it is to create a new one from scratch.

The inherent problem is not where you get an idea. The problem is how you intend to use it.

This is the point at which many marketing campaigns were doomed to underperform because ideas untested are always at the mercy of uncertainty.

 

Life beyond using your gut

Your gut failed you … now what?

One of the best career moves you can make is to move away from gut instinct marketing and begin using an evidence-based approach that is methodical and systematic. Chances are, you’re going to have some questions after your first radical redesign where shorter landing pages resulted in a 10% decrease in clickthrough.

Did the larger hero image take away from the copy? Was the award for customer satisfaction from 2004 recent enough to provide credibility? What turned the audience away?

You’ll also have questions if your redesign brought you a 5% lift in clickthrough. You might even be pretty content and let things rest, even if you could do better.

Those strokes of “marketing brilliance” are coming from a different source – online testing results that can be used to build a customer knowledge base.

Did your customers like your new vivid red button? Did they respond well to reading you were the only company in your field to offer one-on-one tutorials with an expert?

If you changed the eye-path on the page, could you have achieved a 10% lift? 20%?

 

The inevitable question – Why?

You must realize that success and failure lead to an inevitable conclusion in marketing – you have to test to truly discover, “Why?”

You can try to isolate the factors that seemingly impacted your audience, or you can test them and measure their performance to know for sure.

Understanding the “why” of customer behavior is really the product of methodical trial and error through testing, discovering and optimizing what you think works …

And then, it’s time for more testing.

Both the small gains and big flops lead you to learning more about your customers, a path riddled with failure, success and discovery, that no gut instinct on the planet can come close to.

Read more…

Social Media Marketing: Why should I like or follow you?

September 10th, 2013

Once upon a time, I was the new kid at school. Since I was a fairly athletic kid, I soon found myself in the midst of a pickup football game at recess. Imagine my horror when, despite my lack of knowledge about the competition, I was selected as a team captain.

I remember asking kids to explain to me, as quickly as possible, why I should choose them for my team. Some kids gave excellent reasons. “I’ve got good hands,” says one. “I’m the fastest kid here,” chimed in another. Many of the kids, however, never offered any answer to my question. Some of them ended sitting out the game because they couldn’t articulate why they should be picked. In football, as in social media, the key to getting picked is selling yourself.

You’re probably used to selling your products, but do you sell your social media?

Here’s what I mean.

 

How does value proposition relate to social media?

The fundamental value proposition question is:

“If I’m your ideal prospect, why should I buy from you rather than any of your competitors?”

I’ve even heard the phrase expanded in an academic environment to include this add-on phrase: “or do nothing at all?”

The “do nothing at all” is an important distinction because given a set of equally depressing options, a consumer may elect to forgo any product purchase at all.

Therefore, the smart companies tailor product development efforts in such a way the value proposition question produces a satisfying answer in regard to product offerings.

This leads me to another important question.

If product developers know that answering the value proposition question effectively is the key to successful product development, then why can’t a similar logic be applied to your social media efforts?

 

Whose problem are you solving?

The biggest problem I see with most social media marketing campaigns is usually a paradigm problem. It’s also the primary reason why a company won’t ultimately become successful in the medium.

When companies launch marketing efforts, it’s generally to boost sales. But social media, however, is only successful when content solves a customer problem, not a lack of sales problem.

In other words, most companies are not asking the right value exchange questions. Let’s take Twitter for example.

The prevalent mindset is a company-centric focus of “how can we sell products using Twitter?” instead of a customer-centric focus on “why should potential customers engage our Twitter feed rather than any of our competitors’?”

Consequently, it would do well for marketers to stop and ask the fundamental question, “Is there any true value in our marketing proposition?”

 

From my experience, when marketers begin to ask these deeper questions about their social media content, the conversational ratio of their posts begins to change – usually for the better.

Here’s another fantastic illustration of my point.

 

Do this:

 

Not this: 

 

Notice how Publix has given the visitor a solution to their problem of wanting to eat more fish. They’ve included a free fish recipe, and a mouthwatering image of a completed meal.

The value of this post is clear and easily recognized. I want to engage with this content because doing so will enable me to cook a great fish meal for my family and achieve my goal of eating more fish.

The hoodie retailer, on the other hand, clearly has no answer to the question of why a user would want to engage with the content. Other than the gratuitous pandering about Saturday tailgates, the retailer makes no effort to solve any problem for the customer.

It even goes as far as to command the customer to “shop now.” Anybody who’s ever crafted a call-to-action knows that dog won’t hunt.

This post is designed to solve the retailer’s problem: the need to sell hoodies. It holds no value for customers whatsoever.

Read more…

Email Marketing: Inactive lists and deliverability

September 6th, 2013

I recently had the chance to speak with Ali Swerdlow, VP Channel Sales and Marketing, LeadSpend, on some of the challenges facing email marketers. She mentioned emailing inactive lists is an issue for a number of reasons.

That conversation led to a joint interview with industry experts Craig Swerdloff, CEO and Founder, LeadSpend, and Spencer Kollas, Global Director of Delivery Services, Experian Marketing Services.

 

MarketingSherpa: We’re going to be talking about inactive email and what email marketers can do about this issue. This is a challenge for a lot of marketers.

Spencer Kollas: There has been a lot of press around the fact that Yahoo! is actually shutting down and potentially reassigning I’ve heard anywhere between 7 million and 15 million email addresses that have not been logged into in the past 12 months.

It’s really important for clients, as they start looking at this, and senders, to focus on those most active users, because not only are the ISPs such as Yahoo! potentially shutting those addresses down because of inactivity, but a lot of the major ISPs are also looking at user-level engagement to determine inbox delivery.

When you look at  a Yahoo!, a Gmail, a Hotmail [account], they are actually looking at how engaged [your users are]. And that will actually help them determine whether they think that they should deliver all of your mail into the inbox, the bulk folder, or just even potentially block it.

By looking at that engagement level and focusing on those and knowing who your inactives are, and really determining what is considered inactive based on your business needs and goals, is also a very important piece.

Craig Swerdloff: Yeah, I would echo that. I completely agree with Spencer. I think marketers are faced with a tough challenge in really identifying active users, however, because at the end of the day, the metrics around activity aren’t necessarily accurate.

The best example I can give on that is there may be a lot of users who are receiving your email, for example, on a mobile device where the images are disabled by default. From a marketer’s perspective, they may never register an open [for that email] even though they may be actually engaging with that email on their mobile phone.

Furthermore, they might be taking action from that email that may not be identified in a click, but may actually result in a person coming into your store and making a purchase.

You’ve got to clean up your data and, obviously, you’ve got to remove inactives over a period of time. But you also don’t want to throw away email addresses of customers that are actually reading your email or seeing your email and who are then prompted to go into a store and make a purchase. So, you’ve got very careful about it.

 

MS: Actually, that brings up a great question because – what is the marketing challenge? Obviously you’re going to track open rate, clickthrough and everything else. But at the same time, you have people who are opening on mobile, they’re engaging with you in different places. How do you meet that challenge?

SK: From a straight deliverability standpoint, right, the ISPs are strictly looking at email engagement, right? So, truly understanding your customers and your business, you have to figure out – are there other ways to engage with [your customers]?

Are they looking at things on, say, social or are there other options that you can use to get them to open your emails – even by posting something through your social networks and getting them to open one of your emails, something along those lines.

Because Yahoo! doesn’t know that somebody’s coming into your business and your retail store and actually buying something. Only you know that. So, finding other avenues to reach out to those customers and getting them to engage with your email is something that I think is really important. Again, it’s all based on those particular business goals and those business needs.

It’s a careful balance. You want to work for better deliverability and better inbox placement rate, but at the same time, your ultimate goal is to optimize towards the highest ROI and the highest rate of return and revenue on your email program.

You probably want to do things in steps and do things in a gradual process. By the way, if you’re not having a deliverability problem, then you probably don’t need to really worry too much about removing inactive email addresses. But if you are, then you may want to stop and take a look at what’s causing that and which domains you might be having a problem [with].

Let’s just say, for example, you’re having a deliverability problem related to engagement at Yahoo!, then you probably want to start removing some of your inactive Yahoo! addresses.

But the best way to do that would be, for example, to start with email addresses that have never registered and opened, never registered a click, and who aren’t customers, current customers, as far as you can tell online or offline.

You can remove those folks and then kind of measure and gauge what effect that’s having on your deliverability and inbox placement at Yahoo!. And, if it is having enough of an effect, then you may want to start adding some additional email addresses into your inactive segments. So, you may want to start removing people who maybe haven’t opened or clicked in 12 months and who haven’t made a purchase in 12 months, and you can continue to sort of expand the universe, if necessary, in order to fix that deliverability problem.

 

MS: How does your inactive crowd affect your reputation score?

SK: Again, from the deliverability standpoint, when you’re talking about the major ISPs that are using engagement as part of their overall reputation scores, it can have a drastic impact on your overall ability to reach your customers.

While some [if not all] of the ISPs use engagement level-type situations, a lot of the major ones do, and so that’s where you’re going to see the effects of your inbox delivery. It’s not just about how much mail are you sending in a given time or throttle rate, or even just spam complaints. It’s all of the different levers that they can look at, whether it’s unknown users, whether it’s spam traps, whether it’s complaint rates, whether it’s engagement level stuff. They’re looking at all of those and tweaking as they go along to determine your overall reputation.

 

MS: Is there anything you want to add that I’ve not brought up that you think is apropos to this entire conversation?

SK: I think from a deliverability standpoint, one thing that has been kind of proven time and time again is in email, it’s not always about the biggest list makes the most money. It’s about the most focused list, sending the most relevant content.

Just by sending emails to people that are opening or clicking or engaging with your brand isn’t necessarily going to make you the ROI that you’re looking for on email.

While email is very cheap and easy to do, you want to make sure you’re reaching those customers that are your most active and finding other avenues. Again, be it print, phone, social, whatever it may be, how to engage those customers and possibly bring them back into the fold in email.

 

MS: You’re telling me you like segmentation and not batch and blast, right?

SK: It was probably 10 years ago, my boss would basically start every presentation, every conversation with telling people that they are no longer allowed to say the word “blast” because blast is a bad thing and that’s exactly what the ISPs look for and try to block. They are looking for segmentation. They are looking for different ways that companies are reaching out to their users.

From a deliverability standpoint, that’s how best we can understand which segments are your most valuable. By just doing the old batch and blast, you can’t really tell what’s actually making you the most money and what’s not, so you don’t know where to focus your time.

By creating different segments, you can really focus where it’s going to make you money in return, instead of just focusing and wasting your time on people that will never truly engage with your brand via email.

Read more…

Bottled Lightning: 3 creative approaches to email marketing (yes, email marketing)

September 3rd, 2013

As I wrote previously on the MarketingSherpa blog, there is an inherent paradox in the marketing and media industries when it comes to creative talent.

We need them to come up with ideas that are wild and outside of the box, and they’re expected to fit within corporate structure.

 

Let’s take a closer look at one of those boxes today – email marketing

According to the MarketingSherpa 2013 Email Marketing Benchmark Report, companies have identified a 119% overall ROI from email marketing.

This means more email marketing writing and design assignments for agency copywriters, art directors, graphic designers and marketing managers.

Now, anyone who has any writing or design ability at all probably did not grow up hoping to write email marketing. I wanted to write screenplays myself, and now my goal is to write the great American e-book. You might have originally started in the agency business or a marketing department with the hope of focusing on broadcast spots.

But, we all know the dog assignments are what separate the true professional writers from the hacks. For that reason, one of my favorite pieces in my portfolio is a postcard for a Realtor incentive program. No joke.

 

Creative, effective email

So, with MarketingSherpa Email Awards 2014 now accepting entries until September 8, let’s take a quick look at a few examples of really creative email campaigns. Since results are a major focus of the Email Awards, this is creative that really works.

I call this bottled lightning – taking a run-of-the-mill creative brief in a restrictive medium and adding a creative jolt. It goes back to the basics you learned when you first built your portfolio. Sure, anyone can make an amazing 60-second for Porsche or Harley.

But, you can’t do these in broadcast …

 

1. Get interactive in real time

The Best in Show winner from MarketingSherpa Email Awards 2013 (sponsored by Responsys), NFL.com, added some really innovative features to its newsletters, like “Countdown to the Game” countdown clocks and a “Who Will Win? Vote Today!” dynamically updated poll.

 

Results: 121% increase in open rate, 26% increase in clickthrough rate, and a 9% increase in mobile opens.

 

Kudos to …

  • Christine Hua and Aidan Lyons of the NFL (client)
  • David Hubai, Andrey Semenov, Ray Bovenzi, Robert Ragusa, Kellie Mixon, Greg Zolotas, Colin Petruno, Anne Koskey-Wagoner and Lilia Arsenault of e-Dialog (agency)

 

Steal this idea …

Admittedly, I’m starting with a brand that must be as fun to work with, or more fun than Harley and Porsche. What’s impressive here is how these marketers took the Marshall McLuhan approach. One huge advantage email has over broadcast is that it’s interactive and you can update your creative in real time.

 

2. Win back that old flame

Travelocity won a Gold in MarketingSherpa Email Awards 2012 (sponsored by Responsys), for its win-back campaign. The designers created an email so beautiful you just want to jump into it like the girl in the “Take on Me” music video.

 

Results: Travelocity increased ROI more than 100% from previous efforts.

 

Kudos to …

  • Doug Purcell of Travelocity (client)
  • Tonya Gordon, Doug Steinberg and Aaron Wilson of StrongMail (agency)

 

Steal this idea …

Broadcast is a mass media because you must talk to a mass audience. You don’t know who has bought recently, or bought a long time ago and hasn’t come back.

With email, you can find that old flame and target a message specifically to them. However, many win-back campaigns are solely discount focused. In this case, the team produced an email that appealed to the rational by including the discount, but didn’t overlook the emotional reasons to travel with the beautiful imagery.

Read more…

Content Marketing: Your questions on B2B online lead gen, metrics, content from SMEs and more

June 21st, 2013

In a recent MarketingSherpa webinar, I interviewed Eric Webb, Senior Marketing Director, Corporate Marketing & Brand, McGladrey, about his impressive work with the accounting firm’s content marketing.

You can now watch the video replay of that webinar – “Content Marketing: A discussion about McGladrey’s 300% increase in content production.

But most of the questions I asked him weren’t my own, they were from you. In fact, we got tons of your questions about content marketing, and Eric has been kind enough to answer some of them here today on the MarketingSherpa blog.

Even better, Eric also provided you a tool his team used to help with its 300% increase in content production. Click below to download the template …

Submission form – with example

 

And now, your questions…

B2B online lead gen as a topic. Mor, online marketing manager

Eric Webb: We use content to generate leads 70% of the time. Via Demand Generation, and social media, we promote specific content that resides behind a form. We may ask qualifying questions as well to help discern where they are in the buy cycle.

To do this, you need to repackage the topic to leave a breadcrumb of content that helps you accelerate the sales process. You may have a white paper which shows they are in discovery of the issue, then a podcast with a client and a case study. If they download these, they are likely more interested and are considering or feel they can benefit in some way from the solution.

Finally, a self assessment or an offer for a free 30-minute talk with the expert tells you they are truly interested and deserve a call.

 

Creating content for niche industries and clientsMaddie, marketing analyst

EW: I recommend looking to industry publication editorial calendars for ideas, clients and outside speakers.

 

Specific metrics and related incentives for the content creation team, please.Marshall, CEO

EW: For content, the metrics we most watch are clicks and downloads, or form conversions if behind a form. We don’t necessarily offer an incentive except recognition for the SMEs (subject matter experts) on how the content they create is performing. But, you clearly could offer an incentive based on form-conversion leading to an opportunity.

 

How much content is necessary?Christian, director of marketing

EW: Depends on your objectives – if you are just trying to build awareness, then you may measure retweets, likes or +. You could also look at a benchmark of current visits to a section and just say 10% above that. But ultimately, you have to determine what your objective is.

 

How do you re-purpose other’s content?Christian, director of marketing

EW: We do curate content to help fill out a section and drive more time on site or to attract more people. But only the first paragraph and then we link out to their site. Otherwise, we look to vendors or partners to provide some of their content in totality.

 

Besides social, blogs and email – any other outlets?Christian, director of marketing

EW: Networking sites like LinkedIn updates and groups. Partner sites, publications and association sites; some of our most clicks come on the heels of someone commenting in a news article and providing a link to our content. Slideshare. Reddit. Digg.

 

I love the idea of creating energy around content for SMEs and am looking forward to learning more about this.Dee, founder

EW: Basically it comes down to being able to provide a breakdown of specific metrics by each content piece (clicks, downloads, form fills and opportunities). Develop a monthly report to show the value that the content is creating and highlight the author. Also, if you have a PR group, get them to promote the author as an expert, showcasing their content to reporters.

 

How quickly do you plan from idea generation for content to getting it up and available?Nick, manager

EW: It depends on the topic. A blog post is usually a few days, depending on approvals required, but a white paper can be weeks and months, especially if it’s a regulated industry. We try to get teams to use content calendars and think at least three to six months out by assigning topics to SMEs.

 

How to develop a thought leadership culture in the workplace?Kim, senior email marketing manager

EW: I noticed a change when you could report the metrics. And, with our marketing automation system, we now are close to showing a measure of influence of total revenue and direct attribution of particular campaigns and content offered to opportunities.

Explaining how your audience buys – their buy cycle – and then being able to show how they read through content to ultimately filling a form and wanting to engage helps as well. Consistency is key.

Read more…