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Posts Tagged ‘Marketing’

Everything is Marketing: Why all CEOs should have marketing backgrounds

November 17th, 2017

You know the typical corporate structure. There are a series of departments that handle discrete tasks and hopefully work efficiently and effectively together to create a greater whole. There’s a finance department, human resources department, IT department, production or manufacturing department and a marketing department.

Except, can you really compartmentalize and departmentalize marketing?

Everything a company does is marketing. Perhaps once, marketing was simply the 4 P’s — product, price, promotion, and place. Understand the product well enough so you can identify a target market for it, understand the price point they are willing to bear, and then promote the heck out of it in the right place … usually with a heavy emphasis on advertising.

But as Deepa Prahalad says in Why Trust Matters More Than Ever for Brands, “Consumers today are trying and bonding with brands through design touch points and their experiences, not through advertising alone … Advertising and marketing can amplify the success of a great design, but they can rarely compensate for a poor one. Here, trust is a function of the brand messaging lining up with the consumer’s actual interaction with the product or service.” (emphasis is mine)

(I read this article as a student in the University of Florida/MECLABS Institute Communicating Value and Web Conversion graduate certificate program).

Companies need to “wow” customers with every interaction

And this is why every CEO should have a marketing background. Because almost everything a company does has an interaction with the customer. So almost everything is marketing.

If the IT department can’t get the back-end systems right and it goes down when a customer is trying to make a purchase, that’s (negative) marketing. If the purchasing department buys wetlands and puts a store on it, that’s (negative) marketing. Or if the finance department creates a program to give 1% of profits to charitable organizations, that’s (positive) marketing.

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What You Can Learn about Automated Personalization from Google’s Hilarious Mistake

October 4th, 2017

Embarrassment. It’s a common emotion I hear from marketers after reading or watching a MarketingSherpa case study.

“The work these marketers are doing is amazing! And my marketing program is a mess. I’m overwhelmed by data. I don’t have enough resources to monitor social. My website doesn’t load fast enough …”

Today’s blog post is basically our way of saying:

Hey, it’s OK if you’re not a perfect marketer

Because no one is. Even here at MarketingSherpa, our reach is further than our grasp. There is so much more we’d like to do to improve our own marketing.

Which is why there was more than a little schadenfreude when we received an impressively erroneous direct mail piece from Google trying to use its hoards of data to personalize a message to us that would convince us to buy AdWords.

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Ask MarketingSherpa: Copywriting for non-native English speakers

September 8th, 2017

We frequently receive questions about marketing advice from our email subscribers. Instead of hiding those answers in a one-to-one email communication, we’re going to start publishing some of them here on the MarketingSherpa blog since they may be able to help many other readers. And if you have any questions, let us know.

Dear MarketingSherpa: I wanted to ask you what would be the biggest advice you would give to a non-native English speaker who wants to develop outstanding copy writing.

Dear Reader: We’re all non-native in some way, right? When I started working as a contracted consultant to IBM, I didn’t speak their language either. It was my first tech job, and that industry (like every industry) has a language all its own.

So the best advice I can give you is to immerse yourself in English, especially its use in whatever industries you want to write for. Subscribe to respectable English-language newspapers and consumer and industry magazines and read them daily. Read not just the content but the advertising. Do the same with English-language blogs, websites, forums, social media, etc.

Also, run tests on your writing whenever you can to help understand what language most resonates with the ideal prospect.

Here’s an example — Test Your Marketing Intuition: Which PPC Ad Produced More Conversions?

When we ran that test, we didn’t know if the term “AccuraScope” would resonate with the ideal prospect. So we tested to discover the best words to use.

Best of luck with your copywriting career.

You can follow Daniel Burstein, Senior Director, Content, MarketingSherpa, on Twitter @DanielBurstein.

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

August 18th, 2017

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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Rapid-Fire Results: Get quick ideas for improving your customer-first marketing

July 27th, 2017

The focus at MarketingSherpa Summit 2017 was inspirational stories of customer-first marketing, and so we mostly shared in person, live versions of the in-depth case studies we report on from your peers.

However, previous attendees have told us that they also want quick ideas for improving their customer-first marketing.

So in this quick-hitting session, my Summit co-host, Pamela Jesseau, and I shared ideas for improving your marketing from industry experts, your marketing peers and MarketingSherpa Award entrants who had outstanding ideas.

Sit back and watch the entire 30-minute video to get several different ideas. Or, if you’d like to jump ahead to a specific topic in a specific section, our copy editor Linda Johnson, put together these timestamp links for you.

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Marketing 101: What is a hamburger menu?

June 30th, 2017

There are no dumb questions, only dumb marketers who don’t bother to ask. That’s why we’ve decided to begin publishing quick, snackable posts that will help you expertly navigate any project, no matter what team you’re working with.

Today’s term is one you might encounter when working with your dev or design teams, and it has a particularly delicious moniker: the hamburger menu.

It’s something you’ve seen a thousand times before, and now you’re cocking your head thinking, “Huh. That DOES kind of look like a hamburger.”

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Customer-First Marketing: Understanding customer pain and responding with action

August 5th, 2016

It’s all too easy to think of our jobs narrowly: “I’m a marketer. I’m in ecommerce. I’m in the apparel industry. I work in tech.”

But what we really do, or at least what we should be doing, is much too big to be constrained by a single job title or industry.

To give you an example, I came across an interesting story while conducting interviews at the MarketingSherpa Media Center at IRCE 2016. As you would expect, most of the interviews focused around hot ecommerce topics like Amazon Marketplace, Snapchat, and funding a startup.

But I had a deeper conversation with Joe Peppers, the Ecommerce Market Sector Leader at The Weitz Company.

But previously, Joe went to West Point and served three tours of duty in Iraq as a Captain in the U.S. Army, before going on to work in ecommerce for Amazon, Apple, Fanatics.com, and now The Weitz Company.

I discovered some interesting lessons from military service that can be applied to ecommerce, so we sat down to talk about it…

Personally, I have two big takeaways from this conversation.

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Three Questions to Align Your Strategy, Marketing and Sales

June 28th, 2016

When the business strategy isn’t linked with sales and marketing, the result is that marketers and sellers end up working harder, not smarter. This has a multi-billion dollar impact. Most companies struggle with this according to the Frank Cespedes, author, and Senior Lecturer at Harvard Business School: “Selling [or marketing,] no matter how clever and creative, can’t generate good financial returns unless it’s connected to strategy.”

I met Frank while we both spoke at an event in Santiago, Chile. We had a memorable time sharing ideas and research. I thought Frank had a practical approach to aligning sales and marketing. So, I reached out to him and interviewed him about what he’s learned through his research for his most recent book Aligning Strategy and Sales.

[Editor’s Note: This interview was edited for length and grammar only.]

 

Brian Carroll: What inspired you to write about Aligning Strategy and Sales, which is the title of your new book?

Frank Cespedes: Despite decades of attention to so-called strategic planning, there is remarkably little research about how to link strategy with the nitty gritty of field execution, especially sales efforts [and marketing]. American companies annually spend about $900 billion every year on sales efforts. That’s not marketing, that’s sales, that’s compensation, the travel, incentives, the infrastructure, etc. and to put that in perspective, Brian, that figure is more than three times what they spend on all media, Super Bowls, everything. It’s more than about 40 times what they spend on digital marketing, and it’s more than 50 times what they currently spend on social media. This is a big, big gap.

 

Can you tell us more about your background and where all of this came from?

I was an academic at Harvard Business School for about 11 years working my way up the hierarchy and always was doing research in sales-related areas. My research started with distribution channels, B2B distribution channels, morphed into sales. Then I ran a business for 12 years. And then I came back and said, “I’m teaching strategy. I know something about sales. Let me see what people have written about it.”

What I found was this gap, so I figured two things. One is I don’t think the world needs another book about strategy, and I don’t think, to be blunt, the world needs yet another selling methodology, but there just isn’t much if anything about linking the two and that was the gap that I set out to address.

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Recipe for Creating Successful Project Plans

March 15th, 2016

I love to bake and never turn down a chance to have a sweet treat. Everyone always tells me that they don’t have the time, energy or patience to bake. As a highly process-oriented person, my entire life is built around planning and executing projects of all sizes. I know how effective organization can optimize time and effort, so I’d like to share my “recipe” on how you can create successful projects from your company “kitchen.”

Recipe Card

 

What you will need: A strong starting goal and well-structured framework to begin building your process.

 

To assemble:

Step 1: Mix together a flavorful team

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Live From MarketingSherpa Summit 2016: 5 steps to telling your team’s story internally

February 23rd, 2016

No matter which division of marketing your team works in, you’d probably love to grow your team. You know your team is doing well, achieving great success, but how do you get that success noticed by leaders in your organization?

During Day 1 of MarketingSherpa Summit 2016, Brian MacDonald, Senior Manager of Digital Marketing, Hewlett Packard Enterprise, shared his journey to overcome this challenge.

Brian is a huge movie fan, and drew inspiration from Pixar director and screenwriter, Andrew Stanton, in his quest to get his team noticed and gain more budget.

Storytelling became his strategy. Brian is responsible for the IT Experts Community, as well as community strategy and blogging. His previous team of three did some great things that he didn’t feel were well seen by higher ups.

“How can we build a story around it to get people to care?” Brian said.

With movie making as a basis for his strategy, Brian came up with a five-step process for storytelling to internal audiences and stakeholders. 5 Steps to Effective Storytelling

 

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