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Posts Tagged ‘Value Proposition’

Social Media Marketing: 4 questions to ask yourself about social media buttons

June 4th, 2013

A common question we often hear about social media is “I put some social media elements onto my page and have not seen much of a difference …”

I’m sure you can relate, because social media icons are everywhere. On landing pages. In emails. Heck, I even saw some on a billboard while I was driving the other day.

Now, on behalf of Facebook, Twitter, LinkedIn and their investors, I’d first like to thank you marketers of the world for all of that free co-op advertising.

All kidding aside, let me throw the questions back at you to help you get the most value from your sharing icons. In today’s MarketingSherpa blog post, we’ll focus on three questions you should ask yourself about your company’s use of social media icons.

 

Question #1. Should we be using social media icons?

All jokes about free advertising aside, most marketers likely will find some value in using social media icons. And, here’s the key. While the value might not be great, it is likely higher than the cost.

Because, frankly, as marketing tactics go, simply slapping a few social media icons or sharing buttons on a landing page is fairly easy to do.  Almost any value you get creates an ROI since it is higher than the minimal cost involved.

For example, AT&T added Facebook and Twitter icons into an email newsletter.

 

This was one small part of a program that helped the AT&T Developer Program increase its Twitter audience 136% and Facebook audience 113%.

Of course, as you’ll see in the case study above, the team at AT&T did much more than just add a few icons to an email to get that lift. But since the cost, in both IT execution to add the buttons and real estate on the email, was likely so low, and it certainly couldn’t have hurt their efforts, why not add social media icons?

Well, here’s why not. For most brands, the answer is simple: not every brand needs or should be using social media icons and sharing buttons. For example, I interviewed Steve Parker, Vice President, Direct Marketing, firstSTREET, in the MarketingSherpa webinar “Optimization: A discussion about an e-commerce company’s 500% sales increase.”

“In our case given our target market, you’re looking at an age 75+ customer, they’re not big social users. And, the ones who are on social media, they really just want to see pictures of their grandkids and their kids. So they’re not going to be as interactive in the social world. So from our standpoint, it’s pretty low on the priority list. There are no social buttons on this website,” Steve said.

He went on to share, “We’ve tested a little bit of that on some of our other properties. As baby boomers, the younger part that grew up with some social media lives grow older, yes, that will get more important. For my particular target market at this point in time, it doesn’t help.”

 

Question #2. Which social media icons should we use?

Ask your audience in direct conversations, in surveys, through customer service interactions and other customer-facing employees: what social networks do they use?

Then, be present on those platforms. See how they’re using social media.

And, look at your analytics.

Here on the MarketingSherpa blog, you’ll notice the prime social sharing button we use is from Twitter.

 

That’s because when we looked at our analytics, more inbound traffic came from Twitter than from any other social network.

You might also notice, at the bottom of our blog posts, we have social media sharing icons as well. 

 

That’s because the rest of our inbound social network traffic came from LinkedIn, StumbleUpon, Facebook, Delicious and Digg.

Your analytics won’t be foolproof. Over time, this becomes a self-fulfilling prophesy (we receive more Twitter traffic because we encourage the audience to share on Twitter), but combining your analytics with active listening to your audience through many means will at least get you in the ballpark of how they want to interact with your brand using social media.

Read more…

Value Proposition: 4 questions every marketer should ask about value prop

May 21st, 2013

You’ve determined if there is any true value in your marketing and you’ve taken the steps to craft your value proposition, when the one looming question hits you – what should I do next?

 

Turning theory into action was the key focus of Tony Doty, Senior Manager of Optimization, MECLABS, and Lauren Maki, Manager of Optimization, MECLABS, during the Industry Deep Dive session, “Value Proposition: How to turn that shiny, new value prop into a high-performing page,” here at MarketingSherpa and MarketingExperiments Optimization Summit 2013.

“We have a lot of great tools for developing value proposition, but often we find a lot of marketers asking us what to do next and that’s what this is all about,” Tony said.

Today’s MarketingSherpa blog post will feature four questions every marketer should ask themselves about what the next step should be for implementing value proposition development into marketing efforts.

 

 

Question #1: Who is my target audience?

Tony and Lauren explained before you think about where you will express your value prop statements, you need to first determine who your audience for that value proposition is and what their needs are.

“We should always craft a value proposition with a customer’s needs in mind,” Tony said.

 

 

Question #2: Do I know where my customers are coming from?

Tony also explained once you’ve identified the target audience for your value proposition, you need to understand the channels where your traffic comes from, and adapt your message as needed per channel.

Lauren brought up a good point that customers from different channels have different needs and motivations, so your value proposition placement should be strategic within each channel.

To do this, she explained you first need to identify not just who your target prospect group is, but also where that prospect group is coming from.

“There’s a lot more places than just your homepage for your value proposition,” Lauren explained. “Look at your data to determine if what you’re doing is effective once you’ve started putting your value propositions into place [in those different channels].”

Some of the channels Lauren highlighted in her example are:

  • Targeted email campaigns
  • PPC campaigns
  • Display ads
  • Referral sites
  • Landing pages
  • Product pages
  • Informational pages
  • Cart checkout
  • Social media

Read more…

Value Proposition: 3 techniques for standing out in a highly competitive market

April 18th, 2013

Marketing in highly competitive environments can be difficult as pressure mounts to stand out amongst fierce competitors in a space that feels like its constantly shrinking.

So, in today’s MarketingSherpa blog post, you will hear three ideas to inspire you from a MarketingExperiments Web clinic – “Discovering Your Value Proposition: 6 ways to stand out in a crowded marketplace.” Our goal is to share a few simple techniques to differentiate your offers in highly competitive environments and avoid “me too” marketing.

But first, let’s clarify what a value proposition is.

According to the MECLABS Value Proposition Development Online Course, a value proposition is defined as the answer to the question – “If I am your ideal prospect, why should I buy from you rather than your competitors?”

So, how would you answer this question about your offer?

Take a few minutes to brainstorm on how you would answer this question.

Now if what you wrote down read like any of these …

  • “We empower you with software solutions.”
  • “I don’t sell products and services; I sell results — my guarantee.”
  • “We help people find their passion and purpose.”
  • “We are the leading [insert your service here] provider.”
  • “Get found online.”
  • “This site has what the person is looking to find.”

Then, it’s likely your campaigns are underperforming. Here are some techniques you can use to plug some of the leaks in your sales funnel.

 

Technique #1: Craft offers that focus on your “only factor”

Your value proposition must include one aspect that differentiates you from your competitors. This one singularity is your “only factor.” If your value proposition doesn’t do this, you’re already at a disadvantage.

The goal here is to craft offers with a powerful only factor that will ideally have the right amount of appeal and exclusivity. Offers that are short on either of these elements can result in the following:

 

  • Offers with appeal but not much exclusivity lose appeal in a crowded marketplace with lots of competitors, and choices, for your ideal customer.
  • Offers that are exclusive but lack appeal quickly lose their leverage because not enough of those ideal customers will likely be motivated to act on your offer.

 

Technique #2: Support value propositions with clear evidentials

Evidentials are supporting claims in your offer that can be quantified and verified. To illustrate this point, let’s revisit the hypothetical car dealership owned by our Director of Editorial Content, Daniel Burstein.

Suppose Daniel decides to make a commercial for his dealership and in the ad he says:

“Please visit us at Burstein Auto; we have Florida’s best selection of cars for you to choose from!”

That statement is not very quantifiable because almost anyone can make the claim that they have the “best” of something.

Now if he were to instead say something like this …

“Please visit us at Burstein Auto; our dealership spans across five acres of land with over 1,500 new cars for you to choose from.”

The claims made in the second statement are quantified and have greater credibility because they can be verified. An overall goal for evidentials is to use them as bulleted points of information that support your claims strategically.

Here are a few key questions to ask yourself or your team about your evidentials:

  • Is our claim quantifiable?
  • Can our claim be verified?

Read more…

Content Marketing: An 8-point analysis for your blog

February 26th, 2013

Blogging can be a very effective element of your marketing mix. For example, an online retailer realized a 172% ROI from its blog.

Of course, as with any marketing tactic, just having a blog is not enough. So, if your blog is underperforming, or you haven’t yet begun to invest in this content channel, perhaps it’s time for a tune-up.

Inspired by the come-ons from the local oil and lube joints for “160-point winter readiness car inspections,” here is an eight-point analysis you can conduct to identify areas for improvement – and we all have them, the MarketingSherpa blog is no exception – on your blog.

 

Point #1: Posting frequency

On many blogs, the frequency and cadence of the blog posts is sporadic. You might see a blog post on Wednesday, then one on Friday, then no posts for a week, then two on Thursday.

An element of effective content is consistency. Let the journalists of the world be your guide here. For example, I have a weekend subscription to my local newspaper, The Florida Times-Union. Every Saturday and Sunday, a newspaper waits for me on my driveway.

If I were to stumble out of my house one Sunday morning – Tony Soprano-style – to find no newspaper waiting, well, I’d start to question the quality of the newspaper. If it just happened once, I would probably not think too big a deal of it. But, if the newspaper was no longer reliably on my driveway on the weekend, I would start to question the reliability of the information in it.

The same goes for your blog.

That said, you have a tough challenge to face as a content marketer, because you can’t sacrifice the quality of your content for a reliable cadence.

To serve both masters – content quality and reliability – you need to set up an editorial calendar you know you can consistently over-deliver on and build up a queue of content. In other words, if you’re writing your blog posts the same day they are posted, then you have a problem. For example, I’m writing this post on February 15.

That queue will wax and wane in size as you become busy with other duties, but it is your insurance and buffer against missing a scheduled deadline. You can still add some real-time posts to take advantage of general news or changes in your industry. Just make sure you have plenty of high-quality, evergreen posts in your queue to comfortably meet every date you are promising to your readers.

 

Point #2: Content value

“We know you have a choice of airlines when you fly, and we want to thank you for flying with us.”

While this has become less true of the airline industry after the American Airlines and US Airways merger, it is more true every day in the blogosphere, especially in hyper-competitive industries that have a lot of quality content marketing such as information technology and marketing.

Sure, you could publish only self-promotional posts. But why would anyone read them? Or share them?

When writing every post, you must ask yourself the central value proposition question – If I am a [particular prospect, e.g., IT manager], why should I [read this blog post] rather than [get information from any other source, anything from an industry magazine to a competitor’s blog]?

The end results of every blog post must be to serve your audience. So, focus on value as your top objective – it is more important than length, promotions or frequency.

  Read more…

Content Marketing: A process for evaluating content channels

January 4th, 2013

“Should we have a blog? What about YouTube videos? Pinterest? Instagram?”

When engaging in content marketing, the question of “where?” always comes up. If you’re just getting started, you want to know on which channels you should focus your content.

If you’re already deeply engaged in content marketing, you likely want to reevaluate the channels you’ve been using at regular intervals as shiny new channels emerge and old channels diminish. (Social networks, like old soldiers, never die; they just fade away.)

To that end, here is a process for evaluating content channels. I’d love to hear your input, as well.

  Read more…

Conversion Rate Optimization: Your peers’ top takeaways from Optimization Summit 2012

August 16th, 2012

With B2B Summit 2012 right around the corner in Orlando, let’s take a quick look at your peers’ top takeaways from our last Summit – Optimization Summit 2012. In case you couldn’t be there, listen in to what fellow Web marketing directors and optimization managers learned at the Summit to help guide and prioritize your own A/B testing and landing page optimization efforts.

 


Here are some of the key takeaways. Feel free to use the links below to jump directly to these parts of the video …

0:34 – Celeste Parins of Mindvalley on value proposition

1:11 – Matt Silverstein of The Elevation Group on radical redesigns

1:40 – Matt Brutsche of Austin Search Marketing on getting into the mind of the customer

2:00 – Mike Weiss of Internet Sales Experts on understanding the customer’s path on your landing pages

2:42 – Ray Lam and Victoria Harben of the University of Denver on live optimization

3:03 – Suzette Kooyman of Enhance Your Net on taking a consumer-centric approach instead of a corporate approach

3:37 – Suzanne Axtell of O’Reilly Media on determining where to start testing and optimizing

4:10 – Reagan Miller of Financial Times on having a testing methodology

4:23 – Alan Markowitz of Ellie Mae on friction and anxiety points

4:50 – Diane Baker of netDirectMerchants on value proposition

 

Related Resources:

Optimization Summit 2012 Event Recap: 5 takeaways about test planning, executive buy-in and optimizing nonprofit marketing

Demand Generation: Optimization Summit 2012 wrap-up for B2B marketers

B2B Summit 2011: 5 takeaways on social media, lead generation, building a customer-centric approach, and more

How to Write a Competitive Analysis (with 3 free templates)

May 18th, 2012

“It’s not enough that we win; all others must lose.” – Larry Ellison

Personally, I disagree with Larry, and I think that the focus should be on the customer winning. Hopefully that’s often through your product or service offering, but sometimes your competitors can serve customers looking for a solution better than you can. In those cases, I think all parties (your company, your competitor and your customer) are better served by acknowledging that.

In fairness, Larry Ellison is the fifth richest man in the world, so if that’s how you keep score, he has much more credibility than I. On the other hand, he was paraphrasing Genghis Khan with his quote, so I guess it all depends whom you want to emulate with your marketing.

Learning from the competition

But, whether you agree with Larry or me (or even Genghis), I’m sure that we can all see the value in better understanding what competitors are doing.

So you can conduct a competitive analysis for the obvious reasons — to bludgeon the competition and raze their villages. However, you can also conduct a competitive analysis to help you better communicate with your customers about how you can best serve them (and even tell them what you can’t do) while perhaps honing the fine art of “coopetition.”

Moreover, a competitive analysis is an especially helpful tool to help you craft your value proposition.

Free competitive analysis templates

To help you conduct a competitive analysis, we’ve created a few free templates loosely based on the Summary Competitive Analyses we conduct for our own Research Partners here at MECLABS.
Read more…

Copywriting: How to improve headlines on landing pages and blog posts

April 5th, 2012

Headlines are tricky little devils. Whether you’re writing them for an article or a PPC landing page, they can carry your campaign to glory or bury it forever.

We gathered some theory on writing great headlines from our sister company, MarketingExperiments, and capped it off with five tips from our editors and a useful process for improving results.

Before we get to all that, keep this in mind:

  • The goal of a headline is to seize readers’ attention and convince them to continue

 

Headline Theory

There is no arguing it — people are busy. You need to write a headline that convinces them to ignore distractions and pay attention. When people see a headline, their minds want to know:

“Why should I read this instead of doing one of the other 50 tasks on my list?”

The key question is “what do I get?” A good headline answers this in one word, “value.”

 

4 attributes of value

Picture your ideal customer deciding where to spend his time and energy. He wants something good for his investment. A headline that emphasizes something “valuable” to him gets his attention. He’ll invest a click and continue reading.

Your headline is “selling” your next paragraph and you need to make a good offer (also known as a proposition). Researchers at MECLABS, our parent company, evaluate the power of a value proposition through four attributes. You can use these same attributes to create and evaluate headlines. Read more…

Holiday E-commerce: Make online shopping a rewarding experience for customers, not just an extension of the holiday hassle

December 1st, 2011

I think it goes without saying that online shopping is no longer just a convenient option for consumers. It’s a retail mainstay, and a key to holiday marketing success.

Wasting no time in supporting this point once again, IBM has just unveiled the findings of its fourth annual Cyber Monday Benchmark, revealing that online spending for Cyber Monday 2011 eclipsed the previous year’s sales  by 33%, and even this year’s Black Friday sales by 29.3%.

As crazy as it can be for consumers, holiday retail is like bacon-flavored manna for marketers. While the online opportunity is huge, it’s crucial to stand out from the crowd, by remembering those who make up the crowd.

You must offer shoppers a thorough, convenient, enjoyable online experience, and promote your shopping experience as part of the holiday solution, not a digital extension of the traditional holiday hassle.

With the growth of e-commerce as a viable alternative to in-store retail, aided by more Web-exclusive discounts, free shipping offers, and the like, you can help boost business by providing an efficient, but personal online shopping experience that ensures your customers will never again long for crowded malls and crazed deal-hunters.

Here are three tips to help make the holidays happy, for your customers and your bottom line.

Read more…

B2B Tactics: Maximizing marketing efforts in a tough economy

August 11th, 2011

The current global economy has been a tough place for quite some time, and this week’s events on Wall Street aren’t providing any reassurance that things will pick up any time soon. Throw in a bleak forecast from the federal government, and it’s enough to make a marketer wonder which way to turn.

Jen Doyle, Senior Research Manager, MarketingSherpa, and I had a recent chat on this very subject. She offered some advice to help focus marketing efforts, even when resources are tight.

It all begins with the lead …

Tight resources include time, staffing and budgets, and Jen says, “Because of this, the quick fix is sought after. The truth is, in order to get results and convert modern buyers in a struggling economy, we have to address the full spectrum of the funnel.”

She offered six big picture tactics to help uncover and convert new prospects: Read more…