Daniel Burstein

Customer-First Marketing Strategy: The highest of the five levels of marketing maturity

September 7th, 2017
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If you’re not careful, “customer-first marketing” could just be mere words. You could deceive yourself and label anything as customer-first marketing just to make yourself feel good.

To get deep for a moment, I was thinking about this recently because it is the season of repentance in my tradition. A chance to re-evaluate not just our words, but our actions.

Rabbi Steve Fox, the chief executive of the Central Conference of American Rabbis has explained it as, “Certainly the High Holiday call and the time of the holy days is a chance to reflect upon what’s in our hearts and to see if our actions match our own self-perception of who we are and what we do.”

Wouldn’t it be great if we had a similar tradition in marketing? To help you get beyond mere buzzwords and make that evaluation of where your company is on its path toward strategic, customer-first marketing, we created this simple look at the five levels of marketing maturity based on our research with 2,400 consumers.

The five levels of marketing maturity (and the 54% increase in revenue realized at the highest level)

When we were creating this framework, we knew we needed a methodology to reference that would clearly communicate the different levels. After thinking about it and debating it, we realized we had a pretty good model to base it on from MarketingSherpa’s parent research organization, MECLABS Institute.

The patented MECLABS Institute Conversion Heuristic has been discovered from and validated by more than 15 years of real-world behavioral experimentation. It brings a cognitive framework to the factors that affect the probably of conversion. This heuristic was released in 2007 and is quite well known at this point, so you may have seen it before:

Until now, the heuristic has always been displayed linearly, as you see above. However, we realized if we stacked the elements of the heuristic, it would be a clear representation of the levels of marketing maturity. Each level is inclusive of the level that came before it and builds on it.

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Daniel Burstein

Marketing 101: What is CRO (Conversion Rate Optimization)?

September 1st, 2017
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Marketing has a language all its own. This is our latest in a series of posts aimed at helping new marketers learn that language. What term do you find yourself explaining most often to new hires during onboarding? Let us know.

Conversion rate optimization, often abbreviated as CRO, is the practice of improving the conversion rate in any advertising, marketing, sales or other business practice that has a goal of getting a person to take an action. (The conversion rate measures the number of prospects who take an action that you’re requesting.)

For example, let’s say you have an email that asks people to click to a landing page to buy a product. CRO would focus on getting more people to click on that email (improving the conversion rate of clickthrough), in addition to getting more people to purchase on the landing page.

CRO (or at least elements of it) is sometimes also referred to as marketing optimization, website optimization, landing page optimization (LPO), growth hacking, optimization and testing, customer experience (CX), usability (UX) or marketing experimentation.

Despite the prevalent use of the word “optimization,” it is a very different discipline from search engine optimization (SEO). CRO is focused on optimizing for human behavior, and SEO is focused on optimizing for machine behavior.

Web design, copywriting and analytics interpretation are key skills that go hand-in-hand with CRO. This is because many CRO changes are either to design or copy. Also, the ability to understand analytics will (1) give ideas on where in the conversion process you should make CRO changes to have the biggest impact, and once you’ve made the changes, (2) how impactful they have been to your conversion goals.

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Courtney Eckerle

How Brand Marketers Hitched a Ride on The Solar Eclipse in Social Media Marketing

August 31st, 2017
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Every few years, everyone everywhere stops what they’re doing to watch the BIG THING that is happening, whatever it might be — the OJ Simpson trial, balloon boy or, most recently, last Monday’s (moon-day’s) total solar eclipse.

While it may have culminated in everyone gazing up at the sky Monday afternoon, wearing funny-looking glasses, remember that in the weeks beforehand, they had been looking at and searching for information online.

The question for marketers is, do you just watch these events pass you by, or do you capitalize on them for a little social cache?

Even our parent company, MECLABS Institute, got in on the moon madness and posted our eclipse party on social media.

 

 

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Daniel Burstein

Marketing 101: What is a squeeze page?

August 25th, 2017
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Marketing has a language all its own. This is our latest in a series of posts aimed at helping new marketers learn that language. What term do you find yourself explaining most often to new hires during onboarding? Let us know.

A squeeze page is an interstitial page with a form. In other words, if you link to a piece of content your prospective customers want, this is the page they get first. This page asks them for more information before they can get that content.

The squeeze page is the tollbooth on the expressway of information

Squeeze page is not a neutral term. It is pejorative, indicating disapproval with the process of “squeezing” people for information before giving them what they want.

Other more neutral terms for squeeze page are gate, content gate, gated content, information gate, or simply — lead form, lead gen form or lead generation form (although, not all lead forms are squeeze pages. Some are simply on landing pages that describe services and are a way for potential customers to ask for more information).

The information on the lead form is usually used for some type of lead nurturing or sales follow-up effort — ranging from subscribing people who fill the form out for an opt-in email list, setting them up with a drip campaign, following up with a sales call (or emailed sales pitch), or a combination of these tactics. (However you end up using information filled into a squeeze page, make sure you clearly communicate that to prospects before they fill out the form on that page, supported by a link to a privacy policy as well.)

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Courtney Eckerle

Been There, Done That: Are marketers neglecting the mobile app experience?

August 24th, 2017
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When I was writing this past Thursday’s case study with Wattpad, a writing and storytelling platform with a large mobile audience, I began considering the ways that marketers are still underestimating mobile.

With Wattpad’s story, it seems almost heroic that they focused on community in the mobile ad experience instead of treating it like most others do — as an obligatory necessity that they just assume users will tolerate. Until, that is, you understand the dividends that focus paid, boosting in-app video completion rates by 98%.

A MarketingSherpa Award’s Readers’ Choice nominee, Skyjet, also understood how profitable focusing on the mobile experience could be. The marketing team experienced a lot of disruption due to mobile marketing habits in the charter marketplace in Q4 of 2014, according to Jonathan Levey, Senior Digital Marketing Manager, Flexjet, and his company had to begin experimenting to keep up.

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Daniel Burstein

Customer-First Marketing: A conversation with Wharton, MarketingSherpa, and MECLABS Institute

August 18th, 2017
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One of my favorite music videos is “No Rain” by ‘90s band Blind Melon. In it, a young girl dressed in a bee costume roams around her town, clearly misunderstood by everybody she encounters.

Until …

One day …

… bee girl encounters an entire field full of people in bee costumes. She had clearly found her tribe.

I’ve seen that same delight when those engaged in customer-first marketing and customer-first science meet. And I certainly felt it myself getting to work with Catharine Hays for a few months on the Beyond Advertising: Creating Value Through all Email and Mobile Touchpoints webinar.

Hays is Executive Director of The Wharton Future of Advertising Program and recently interviewed myself along with Flint McGlaughlin, CEO and Managing Director of MECLABS Institute (the parent research organization of MarketingSherpa) on Marketing Matters, a show she co-hosts on the Business Radio channel on Sirius XM powered by the Wharton School.

If you’re a fellow traveler on the path of customer-first marketing and customer-first science, listen to the recording of the radio show below. Or read the below transcript (I called out key concepts with bolded headlines to allow for easy skimming). I hope you feel that same delight of finding your tribe.

And if you do, feel free to let Flint or myself know through Twitter — @FlintsNotes and @DanielBurstein   — since we won’t be able to hear you shouting in agreement through your headphone or speakers.

Editor’s Note: The audio recording of this interview is no longer hosted on SoundCloud, but you can read the full transcript below.

(originally aired on Sirius XM Channel 111, Business Radio powered by The Wharton School)

We begin with a little background on MECLABS Institute and MarketingSherpa

Catharine Hays: You’re listening to Marketing Matters on Business Radio, powered by the Wharton School.

Welcome back. This is Marketing Matters on Sirius XM’s Business Radio 111. I’m Catharine Hays. I’m the Executive Director of the Wharton Future of Advertising program here. And we’re going to shift gears a little bit to welcome our next guests.

Really, the theme of the show today has been on customer-first marketing, really putting the customer at the front of your marketing and putting the individual, rather than thinking of them as a consumer. So, we spent the last hour really kind of honing in on the Hispanic market and with our last guest, talking about really seeing them from a cultural lens and how open or closed they are to cultural influences, new and old. So, that was pretty interesting.

So, what we’re going to do next is shift gears a little bit, but still have this theme but talk about it more broadly with two wonderful guests. First, we have Flint McGlaughlin. He’s the CEO and Managing Director of MECLABS Institute. Welcome, Flint.

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Courtney Eckerle

Email Marketing: Five ideas to increase your email’s perceived value

August 16th, 2017
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This article was partially informed by The MECLABS Guide for Optimizing Your Webpages and Better Serving Your Customers. For more information, you may download the full, free guide here.

Email messaging is a constant evolution of tiny tweaks and testing, always in search of the “perfect” formula to keep customers interested and clicking.

The ugly truth is, of course, that there is no perfect email formula. You will always need to test to see what is working — and what will continue to work for your customers.

You always need to be striving towards value. People will open your email and engage with it if they perceive that it will provide some value or service to them.

Marketers and customers shouldn’t be opposed — their issues, concerns and needs are yours as well. So it follows that when you focus on customer-centric tactics that put providing value before promoting your own product, engagement is bound to follow.

In fact, according to a MarketingSherpa online research survey conducted with 2,400 consumers, “the emails are not relevant to me” was chosen as the second most likely reason that customers would unsubscribe from a company’s email list.

This means that relevance and value is more important than ever when planning out your sends, and here are five ideas on how to do it:

Idea #1. Turn your email into a personal note, not a promotion

This is something that all marketers struggle with — we getting tunnel vision, focusing only on meeting certain goals instead of looking at the customer’s perspective and needs.

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Daniel Burstein

Ecommerce: Northwestern University study on how online reviews affect sales

August 15th, 2017
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Every week (as the name suggests), I write the Marketing Sherpa Chart of the Week email newsletter. And so, every week, I come across interesting research and data, along with sources that add analysis and color to that research.

Usually, that analysis is confined to the MarketingSherpa Chart article. However, this week, my cup especially runneth over with good ideas and analysis that I thought you might find helpful on your ecommerce sites, especially as you set the groundwork for your holiday marketing initiatives.

When I interviewed Tom Collinger, the Executive Director of the Spiegel Research Center at Northwestern University, and Edward Malthouse, professor at Medill Northwestern and the Research Director of the Spiegel Center, we went well over our allotted time.

You can see their data and some of their analysis in this week’s Chart of the Week article — Ecommerce Chart: Star ratings’ impact on purchase probability. But if you’d like a deeper understanding of their research into how online reviews affect sales, I’ve included a lightly edited transcript of our conversation below. To make the transcript easily scannable for you, I call out key points with bolded subheads

Bringing evidence to the answer of how newer forms of consumer engagement with brands drive financial impact

Daniel Burstein: Why don’t we jump in and you give me a high level of the type of work you’re doing here? I believe, Tom, we may have had you as a source in the past at one point.

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Courtney Eckerle

Marketing 101: What is a radio button?

August 11th, 2017
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Radio buttons — what are they, and how do marketers use them?

Well, like most marketing tactics, it’s something you’ve seen everywhere but simply might not have known the name for.

A radio button can be used in any form where you need people to make choices, like a survey, newsletter sign-up or a lead generation form.

This example is from an experiment in the research library of our sister site, MarketingExperiments. With the subject being a large people-search company catering to customers searching for military personnel, the test’s goal was to significantly increase the total number of subscriptions.

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Courtney Eckerle

B2C Marketing: How Skyjet developed an app to increase leads through cost transparency

August 10th, 2017
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With a lot of disruption due to the evolution of mobile marketing habits in the charter marketplace in Q4 of 2014, said Jonathan Levey, Senior Digital Marketing Manager, Flexjet, his company began experimenting as well.

Jonathan oversees the company’s digital marketing, analytics and advertising as well as covering those same areas for its sister brand, Skyjet. In his MarketingSherpa Summit session, he focused on the development of Skyjet’s mobile app, which he also spoke about with me in the Media Center.

Jonathan and his team had a mobile website and began doing Google advertising for it as well, specifically with mobile-only campaigns. In Q1 of 2015, the team saw a 50% increase in mobile traffic to the site quarter-over-quarter and a 177% increase in quote requests from mobile from this strategy.

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