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Posts Tagged ‘marketing insights’

Email Clickthrough Rate: 9-point checklist to get more clicks for your email marketing by reducing perceived cost

April 5th, 2018
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To help you increase the clickthrough rate of your email marketing, here’s a nine-point checklist for minimizing your recipients’ perceived cost of clicking in your emails. This checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to download a PDF of the Email Click Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

EMAIL CLICK COST FORCE

For macro decisions, like a purchase, you likely spend significant time and resources ensuring that customers want to purchase the product.

However, it’s all too easy to overlook the smaller decisions your customers are making every day — the micro-yes(s) — like clicking through an email.

Every decision you ask prospective customers to make has a perceived value to the customer as well as a perceived cost. The “force” of value or cost is a term designed to discuss the strength of the effect of those elements on the customer’s decision-making process.

Put simply, if the value force is stronger, your customer will take the action you are asking. If the cost force is stronger, your customer will not take the action.

For example, could the customer be concerned that you are sending a phishing email, and by clicking through they will get a virus or be scammed in some other way? That is a cost, a major cost.

But every click has a cost. Even if it’s just the time it takes their phone to load the data of the landing page they are clicking through to.

Now, the actual value or cost of the email click isn’t what determines if your subscribers will act (although it could affect their likelihood to take future actions). It is the perceived cost or value before customers even take that action. After all, they don’t know what value they will really receive or cost they will incur until they act.

This checklist will help you minimize the perceived cost of an email click to help you increase your brand’s email clickthrough rate. For a checklist that will help you maximize the perceived value of the email click, along with checklists to help you grow your email list and increase open rate, you can download this bundle of six email marketing checklists.

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Subfolders, Subdirectories and Subdomains: The URL difference that can drive a major increase in organic traffic

March 28th, 2018
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We were recently asked if it’s better to use a subdirectory (also known as a subfolder) or a subdomain on a website.

If you’re unfamiliar with these two terms, you’ll know them right away when you see URL examples.

A subdirectory looks like this: marketingsherpa.com/freestuff.

A subdomain looks like this: sherpablog.marketingsherpa.com. Even www.marketingsherpa.com/ is technically a subdomain.

The difference may seem like an esoteric or gorpy concern that only developers and programmers care about. After all, why should the URL matter anyway? Most people are just clicking on links. And occasionally when they actually have to type one in (say, from a newspaper ad), you’re creating a vanity link that redirects to the actual URL anyway.

Well, search engines may care. A lot. Even if they claim they don’t. And the experts I asked said that subdirectories are almost always the better option.

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Email Open Rates: 9-point checklist to get more opens for your email marketing by reducing perceived cost

March 21st, 2018
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The Radicati Group predicted that the average business user would receive 97 emails per day in 2018.

97 emails per day.

So why should they open yours?

To help you optimize your open rate, we’re giving you a nine-point checklist for minimizing the perceived cost of the email open. This checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to download a PDF of the Email Open Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

EMAIL OPEN COST FORCE

For macro decisions, like a purchase process, you likely spend significant time and resources ensuring that customers understand the value of the product.

However, it’s all too easy to overlook the smaller decisions your customers are taking every day — the micro-yes(s) — like email open.

Every decision you ask prospective customers to make has a perceived value to the customer as well as a perceived cost. The “force” of value or cost is a term designed to discuss the strength of the effect of those elements on the customer’s decision-making process.

Put simply, if the value force is stronger, your customer will take the action you are asking. If the cost force is stronger, your customer will not take the action.

Now, this isn’t the actual value or cost of an action. It is the perceived cost or value before customers take an action. After all, they don’t know what value they will really receive until they act.

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Social Doubt: Beware the downside of social proof in social media marketing

March 8th, 2018
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Back when I was an undergrad at the University of Florida, our basketball team won in the Elite Eight round of March Madness, meaning we were headed to the Final Four. Right after we won that game, students poured out onto University Avenue. There was jubilation in the street.

And then … all of a sudden … everyone just ran down to the football stadium and tore down the goalposts. (We were a football school at the time, not yet accustomed to basketball success)

It was a very odd moment. No one planned anything. People didn’t even shout out any directions. Most (but not all, let the record show I stayed put) of the students in the streets simply started running together toward the stadium.

Ah, the human animal

Much like a V-shaped formation of birds adjusting down the line to keep the formation tight, or a school of fish quickly changing direction, humans also engage in unthinking, subconscious herd behavior without even realizing what they’re doing.

And this is one of the most powerful drivers behind social media marketing.

Psychologists call this phenomenon social proof, which Wikipedia describes as “where people assume the actions of others in an attempt to reflect correct behavior in a given situation.”

Do you see what I just did there? Wikipedia is another example of social proof. If enough people agree to a definition of a term — even if they’re not experts — I guess it’s reliable enough to include in this MarketingSherpa blog post.

But social proof has its downsides for social media marketing as well

Now, I’m not the only person to write about social proof in social media marketing. Just search the term, and you’ll find endless articles and blog posts.

However, I noticed a serious dearth of conversation about the opposite of social proof in social media marketing. If social proof works because it shows other people are interested in your brand, the opposite of social proof shows that other people are not interested in your brand. What is the word for that?

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Marketing 101: What is above the fold?

March 2nd, 2018
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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.

Above the fold refers to the part of an email message or webpage that is visible without scrolling. It refers to a printing term for the top half of a newspaper which is, literally, above the place in the newspaper where it is folded in half.

Unlike a newspaper, however, email and webpage fold locations aren’t predictable. The fold may be affected by the user’s preview pane, monitor size, monitor resolution, device type (i.e., mobile vs. desktop) and any headers placed by email programs such as Gmail or Yahoo!

Material in the above-the-fold area is considered more valuable because the reader sees it first. According to the Wikipedia entry for Above the fold, “Most web design advice available today encourages designers to place important information at the top of the website, but also to prioritize usability and design.”

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Optimizing Email Capture: 9-point checklist to grow your email marketing list by minimizing the perceived cost of opting in

February 27th, 2018
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In the early days of email marketing, many sites used to brag about their FREE email newsletters and try to entice customers to SUBSCRIBE FOR FREE.

Today, many email marketers have simplified the ask to “Subscribe Now” or “Send Me Updates.” Email newsletters with no monetary cost have become so commonplace that it is no longer worth mentioning.

Notice how I said “no monetary cost” as opposed to “free.” Email newsletters aren’t actually free, and they never were. Sure, the vast majority do not require a monetary payment, but they cost the customer’s time. And the friction and anxiety involved in signing up is essentially a cost to the customer as well.

So to help you get more opt-ins for your email list, here is a nine-point checklist for minimizing the perceived cost of the email capture. The checklist is from the Email Messaging online certification course taught by MECLABS Institute (MarketingSherpa’s parent research organization).

You can click here to click here for a PDF of the Email Capture Cost Force Checklist (no form fill required, instant download), and I will walk through the checklist step-by-step in this blog post.

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Business Intelligence: If only more of our customers were like Larry David

February 23rd, 2018
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I usually watch “Curb Your Enthusiasm” through the eyes of a fan. But recently I watched the popular HBO show through the eyes of a marketer.

And it struck me — Larry David is an extremely valuable customer. And not just because he has all of that “Seinfeld” money (some $900 million of it, according to Adweek).

Larry is valuable because he actually tells brands what he is thinking. Commonly derided as “complaints” or “rants,” in reality, Larry is offering up valuable customer intelligence.

Complaints are business intelligence

In a recent episode, Larry is staying at a hotel. When asked by the front desk employee if he had any feedback on his stay, he suggests that they shouldn’t tuck the sheets in so tight when making the bed. Who sleeps like that?

But Larry isn’t the normal, quiet customer. He’s a super-suggester. And he goes far beyond replying to a question from an employee asking for feedback. He offers unsolicited advice on topics the hotel doesn’t even think to ask about.

While the hotel brags about cookies made by its pastry chef, Larry isn’t buying it. He says the cookies are from Pepperidge Farm.

And Larry is none too happy about the cookie retrieval system the hotel has set up in its lobby. Larry doesn’t want to use tongs to grab the cookies — he is afraid the cookie will get crushed — and he suggests a wider cookie layout system so guests can pick cookies with their bare hands without touching an adjacent cookie.

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There’s Treasure Everywhere: Turning waste into profit

February 9th, 2018
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Hobbes: Why are you digging a hole?

Calvin: I’m looking for buried treasure!

Hobbes: What have you found?

Calvin: A few dirty rocks, a weird root, and some disgusting grubs.

Wait for it … Wait for it …

Hobbes: On your first try??

Calvin: There’s treasure everywhere!

I thought of this cartoon by Bill Watterson (which he also used to name a cartoon collection book) while reading the Harvard Business Review article Searching for New Ideas in the Curious Things Your Customers Do by Taddy Hall and Eddie Yoon.

Turning a waste product into a $500 million brand

Hall and Yoon tell the story of Steve Hughes, now the CEO of Sunrise Strategic Partners. He was walking through a Tropicana factory when he noticed some workers on break taking the excess pulp (a waste product in orange juice production) and mixing it into juice they would drink themselves.

Instead of ignoring the workers or just assuming their behavior was odd, Hughes got curious and asked them about it. They explained that it made the juice taste fresh squeezed. This interaction gave Hughes the idea to launch Tropicana Grovestand  “the taste of fresh-squeezed orange juice,” which after four years became a $500 million brand.

That is just one example of turning waste into profit. Throughout history, curious business people have not only used this process to launch complementary brands in their own company like Hall and Yoon’s Tropicana example, they’ve also launched entirely new companies off their company’s waste (Kingsford was created when Henry Ford turned wood scraps from Model T manufacturing into charcoal briquets) and launched new brands off other companies’ waste (I interviewed TerraCycle CEO Tom Szaky back in 2007, and since then, the company has made everything from pencil cases to furniture out of other brands’ waste).

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Marketing 101: What is an A/B split test?

February 2nd, 2018
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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.

An A/B split test refers to a test situation in which two randomized groups of users are sent different content at the same time to monitor the performance of specific campaign elements.

A/B split testing is a powerful way to improve marketing and messaging performance because it enables you to make decisions about the best headline, ad copy, landing page design, offer, etc., based on actual customer behavior and not merely a marketer’s opinion.

 

Let’s break down the process of A/B split testing.

Real People Enter the Test

This is part of the power of A/B split testing as compared to other forms of marketing research such as focus groups or surveys. A/B split testing is conducted with real people in a real-world purchase situation making real decisions, as opposed to a survey or focus group where you’re asking people who (hopefully) represent your customers what they might do in a hypothetical situation, or to remember what they have done in a past situation.

Not only can you inadvertently influence people in ways that change their answer (since the research gathering mechanism does not exactly mimic the real-world situation), but people may simply tell you what they think you want to hear.

Or, many times, customers misjudge how they would act in a situation or misremember how they have acted in the past.

That doesn’t mean you shouldn’t use surveys, focus groups and the like. Use this new information to create a hypothesis about your customers. And then run an A/B split test to learn from real customers if your hypothesis is correct.

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Winning the Negative Moment of Truth

January 19th, 2018
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As a student in the Communicating Value and Web Conversion graduate certificate program from the University of Florida and MECLABS Institute, I recently read the ebook “Winning the Zero Moment of Truth” by Jim Lecinski.

Even though it is obvious content marketing for Google, it’s still a very good book. It’s six years old at this point, so I’m sure you’ve heard the term Zero Moment of Truth (ZMOT) by now, but there are still many good ideas you can get from the book to improve your content and other digital marketing.

The power of ratings and reviews

As he explains in the book, Lecinski’s ZMOT term is a play off a quote from Procter & Gamble CEO A.G. Lafley (p. 11, Lecinski, 2011):

The best brands consistently win two moments of truth. The first moment occurs at the store shelf, when a consumer decides whether to buy one brand or another. The second occurs at home, when she uses the brand — and is delighted, or isn’t.

That got me thinking of creating my own play off of ZMOT that ties into Lafley’s Second Moment of Truth.

In much of the book, Lecinski explains how important ratings and reviews are for a range of products thanks to how friction-free getting this information is on the internet versus the pre-internet days. No longer are people only reading the print edition of Consumer Reports to get reviews on cars and washing machines, now they search reviews on everything.

“When I go to a presentation at, say, a Hilton Hotel, I tell the audience this: ‘There are more reviews online for the Bounce Dryer Bar than there are for the hotel we’re sitting in right now.’” he says (p. 38, Lecinski, 2011) He says that 70% of Americans now say they look at product reviews before making a purchase (p. 10, Lecinski, 2011).

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