Showing posts with label Consumer. Show all posts
Showing posts with label Consumer. Show all posts

Saturday, August 23, 2014

importance of Customer service

According to a survey poor customer service is eroding consumer loyalty and confidence in retail brands. 

  • 30% of UK consumers have become less loyal to retail brands in the past five years.
  • One-quarter of those customers identified poor service as the main reason for this decreased loyalty.
  • Almost half of respondents (48%) said they had to repeat information during their last communication with a retailer.
  • All age groups identified repetition as a problem; however, it occurs most frequently for customers under the age of 35—with one in 20 repeating themselves at least five times.
  • Only 30% of these younger customers had their issue resolved after one interaction.
  • By contrast, 64% of customers over the age of 65 did not have to repeat their complaint at all, feeling satisfied after first contact.
  • Of those who feel less loyal to retail brands, 37% of 18 to 24 year olds cite service as the key factor versus just 20% of those aged 65 and older.

Friday, August 1, 2014

Why Marketing Automation Is Driving a Bigger Role for the CMO

The newest technology available has led to the expansion of the scope of the chief marketing officer's role. But in some cases, the data-collection technology is outpacing the marketer's skill in knowing how to use it to make strategic business decisions.
Not too long ago I had a wide-ranging conversation with Steve Herrera on the expanding role of the chief marketing officer (CMO) and the marketing organization within the enterprise. Steve knows about such things because he's a director with SEBA International's Go-to-Market executive search practice, which specializes in placing marketing executives within some of the most noteworthy companies in the country. He spends a lot of time speaking with chief executives (CEOs) and boards of directors about what they need their CMOs to accomplish.
There's no doubt that the role of marketing is undergoing some rather radical changes. Once a sub-discipline to the sales organization and tasked with generating leads, creating sales collateral, and organizing customer events, "the CMO is playing a much larger stakeholder role these days, and expanding into just about every function in one way or the other," says Herrera. "Take sales as an example. The hand-off from marketing to sales now happens far further down the funnel than it did just a few short years ago. Many CMOs now have revenue targets to meet."
And that's just the beginning. The marketing group now works collaboratively with product development, engineering, technology, and customer service; many CMOs are assigned specific goals and key performance indicators (KPIs) for these added functions. And, thanks to their seats at the CEO's table, CMOs are influencing the strategic direction of the company as a whole. Perhaps that explains why so many are asked to meet with the board of directors, and are paraded out at stockholder meetings to present the company vision.
What's driving the CMO's newfound cache? As Herrera rather astutely pointed out, it all comes down to technology. "Over the past five years we've seen the advent of sophisticated tools for marketing automation, demand generation tools, and audience segmentation," he says. "As a result, we have a tremendous amount of information available that allows us to track the movements of the consumer, and it's all measurable. The technology has led to the expansion of the scope of the CMO role."
In other words, the tools that are now available to the marketing organization allow them to get super close to the consumer, and keep their thumbs on the pulse of the market. They can measure the smallest of changes in sentiment, and assess when consumer behavior indicates a need for new products or features. The earlier these signals are detected, the quicker the product roadmap can be updated to meet customer demand. No wonder the CMO's input is in hot demand; marketing can quickly detect and articulate what the consumer wants, and provide ample data to prove it.
For their part, consumers tend to reward companies with that level of responsiveness with long-term brand loyalty.
Of course, collecting the data and knowing how to glean actionable insights from it are two different skills. And frankly, the data-collection technology is outpacing the marketer's skill in knowing how to use it to make strategic business decisions. Right now the CMO's biggest challenge lies not in data analytics, but knowing how to use those analytics to make recommendations on a wide range of issues that touch just about every department within the corporation. Marketing automation tools will get the CMO just so far, after that it comes down to instinct - the ultimate people skill.

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Wednesday, July 9, 2014

Mobile Now Exceeds PC: The Biggest Shift Since the Internet Began

If you're still struggling to leverage the website to support goals, you have some catching up to do, as the landscape has recently experienced a tectonic shift.

Mobile Exceeds PC Internet Usage for First Time in History

In early 2014, the landscape in which businesses operate changed forever when Internet usage on mobile devices exceeded PC usage.
Time Spent on Internet Desktop vs Mobile
It has taken considerable time for businesses and brands to embrace the potential of the Internet. Today, most recognize the Internet as a vital foundation for everything from operations to marketing and sales to logistics, CRM, and customer service.
Still, many businesses and brands struggle to truly leverage the digital landscape to meet the expectations of their customers. Many more will struggle with the migration of audiences (customers) to mobile.
The time has come to seriously consider integration of mobile-friendly versions of all mission-critical assets: applications, data, the website, communications, demos, sales materials, customer service, etc.

What Are Consumers Doing on Mobile?

How do consumers use mobile devices to access the Web? According to Online Publishers Association/Frank N. Magid Associates:
  • 99.5 percent access content/information
  • 63.1 access the Internet
  • 62.1 percent check email
  • 49.2 percent listen to music
  • 46 percent play games
  • 41.7 percent download and use apps
  • 15 percent make purchases
  • 15 percent read a book

Shift to Mobile Impacts B2B Significantly

If you imagine that the mobile usage is merely a reflection of consumers logging onto social media, checking email or conducting search, or shopping, think again.
Executives lead the way in mobile adoption, validating the theory that digital assets for a business or brand must serve target audiences 24/7, and not just during business hours.
What Time of Day Do B2B Professionals Conduct Mobile Research
Meeting your customers wherever they work is no longer a luxury – it is a necessity. If you wish to convert interaction to action you must compel the decision-maker.

B2B Decision-Makers Rely on Mobile Devices

Mobile is preferred over the PC for executives conducting research during and after office hours, according to the IDG Global Mobile Survey 2014.
  • 92 percent of executives own a smartphone used for business.
  • 77 percent of executives use their smartphone to research a product or service for their business.
  • 93 percent of executives will purchase that product via the Internet using a laptop or desktop.
  • 86 percent use their tablet and 72 percent of executives use their smartphone to conduct research for products or services for their business.
Business Product Research on Mobile
Executives rely upon mobile devices (tablets and smartphones) to conduct business research more frequently in the evenings than any other time of day.

Mobile as a Competitive Advantage

Whether your day-to-day focus is business management, marketing, sales, SEO, social media, advertising, software development, or customer relationship management, the mobile device has increasingly become the preferred tool for work and communication. How quickly and effectively an organization plans, develops, and adapts to deliver quality mobile experiences will likely become a competitive advantage.
Some organizations may continue to view mobile as an "add-on" or supplementary effort when planning for digital interaction with customers. However, those who embrace the shift in behavior and deliver what their customers want and need to make a purchase decision will likely be the ultimate winners.
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Friday, June 20, 2014

Google: Top Search Ads Increase Brand Awareness by 6.6% [Study]

Traditionally, the value in search advertising has always been centered on increases in click-through rates and conversions. However, Google and Ipsos MediaCT partnered to study the impact of search ads on brand awareness. The results might surprise you.

How Was the Study Conducted?

Google and Ipsos MediaCT ran over 60 search experiments in 2013 in hopes of understanding how search ads affect brand awareness. As part of the studies, 800 U.S. consumers participated in the simulated search scenarios. Think with Google recently shared further information on how the simulations were conducted:
The consumers were prompted to search for a specific category keyword (for example, "hiking boots" or "small cars") on their desktop or laptop. They were then shown either a control search engine results page (SERP) or Test SERP spotlighting one of the 12 categories: apparel and durables, auto, B2B, classified and local, consumer packaged goods (CPG), education, financial services, healthcare, media and entertainment, retail, tech and travel.
Consumers that were given the Test SERP would see the test brand's search ad present at the top of their Google search results (as pictured below).
Control vs Test SERP

What Were the Results?

The study found that search ads do in fact have a positive impact on brand awareness. In fact, when the subjects were asked what was top of mind when asked about a specific category keyword, Google uncovered the following results:
  • 14.2 percent in the test group named the test brand.
  • 8.2 percent in the control group also named the same brand.
According to Google and Ipsos MediaCT's calculations, that is an 80 percent lift in top-of-mind awareness.
Search Ads Lift Brand Awareness
Each of the verticals studies rated a little differently. Some of the results include:
  • Auto & B2B: 9 percent lift in top-of-mind awareness.
  • CPG: 8 percent lift in top-of-mind awareness.
  • Retail: 6 percent top-of-mind awareness.
Additionally, when participants were asked to name an additional four brands that were related to a specific category keyword there was an average lift in top-of-mind awareness of 9.2 percent. Those participating in the test group showed 26.7 percent unaided awareness while those in the control group represented 17.5 percent.

What Does This Information Mean for Marketers?

While we may not have considered search advertising to be an avenue for brand awareness in the past, it is clear that it does have a direct impact. Another item to consider is cost. The price of a search ad versus a more traditional method of advertising is much more cost-effective.
The study shares some tips for improving the effectiveness of your search advertising:
  • Category keywords enable you to connect with as many consumers as possible as they are in the purchasing process.
  • Use formats and images that place your ad in the top slot to help differentiate you from other results.
  • Remember that search advertising is now good for more than just driving conversions.

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Thursday, May 1, 2014

Increase Purchase Intent Through Social Media Responsiveness

Increase-Purchase-Intent-Through-Social-Media-Responsiveness

Shoppers who read brand responses that offer to refund, upgrade, or exchange products are 92% more likely to purchase

Offering refunds, upgrades or exchanges reduces the perceived risk of making a purchase decision.
WHAT YOU CAN DO: Invest time in social listening to identify opportunities to provide customer service, and have a plan in place to resolve issues as quickly and directly as possible (you’ll see the benefit of this in the next stat).

Shoppers who see brand responses that provide closure to an issue, versus requiring additional actions, are 27% more likely to purchase

If prospective consumers can be witness to customer service issues through to resolution, it will give them an increased level of confidence that the brand will stand behind and support their products and/or services into the future. It will also give consumers insight into your customer service process, assuring them that if they have any future need for service that they will be well taken care of.
WHAT YOU CAN DO: Provide the fastest and most direct customer service solutions possible, even if it costs more at a per-interaction level (of course you will need to calculate real costs and make a proper judgment for your business). This can ultimately yield greater returns by way of increased customer acquisition and reduced human resources required for customer service issues. If you can resolve an issue directly online or on social media and bypass a more traditional customer service phone line, do it.

When brands respond to product misuse with guiding explanations, shoppers who see the review responses are 186% more likely to purchase

Responding to reviews that exhibit common cases of product misuse can reassure otherwise trepidatious prospective customers that the quality of your product is sound.
WHAT YOU CAN DO: Don’t let reviewers who are misusing your product negatively sway the purchase intent of future consumers. Offer those reviewers top-tier customer service to resolve their issues, but also take time to explain how proper use of your product can avoid recurring problems for any prospective consumer that could later be perusing reviews.
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Friday, April 18, 2014

It’s the year of mobile but not the mobile ad

How often use a smartphone
A mobile device used to be a luxury, an item that only the geeky few would own let alone use on a daily basis. But now you’re the odd man out if you don’t have a mobile phone in your pocket. Check out these stats from Forrester Research:

  • More than 2 billion smartphones installed worldwide
  • They’re in the hands of 31.3% of the world’s population
  • Massive usage in three countries: More than 64% in the UK, 64% in the US, and 66% in Hong Kong.
  • Three-quarters use their smartphone to access the internet at least once a day.
This is great news for marketers, right? Well, it would be if we weren’t going backward through the history of online marketing.
Think about the last advertisement you saw on your phone? I’ll bet it was a banner ad. Even if it wasn’t, that’s the ad that stuck in your mind because they’re annoying on mobile. Without even realizing it, you might have seen an ad for a movie or TV show or a new beauty product. You might not remember the ad because it blended so seamlessly with the content it didn’t stick out in your mind.
So. . . memorable is bad and blending in is good. This is a topsy turvy world we’re living in but it’s true. We have to find ways of getting our message across without annoying the masses.
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Wednesday, February 5, 2014

Why Mobile Apps Will Drive the Future of Marketing

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Virtually every day, new evidence emerges of the consumer shift to mobile. According to new data from Gartner, by 2017, mobile apps will be downloaded more than 268 billion times, generating revenue of more than $77 billion and making apps one of the most popular computing tools for users across the globe. To put these huge numbers in context by comparing them to the current world population of approximately 7.1 billion and counting, by 2017, every man, woman and child on the planet will have downloaded 37 mobile apps. In reality, considering that a large swath of the world’s population still does not have access to mobile apps or capability to download them, this means that those of us who are wielding smartphones and tablets will be downloading A LOT of apps. Looked at another way, by 2017, mobile apps will have gone completely mainstream, giving businesses a new way to connect with consumers.

Of equal significance to businesses, Gartner predicts that mobile users will provide personalized data streams to more than 100 apps and services every day. Taken as a whole, the Gartner findings anticipate an overarching theme that will continue to gain force and shape the marketing function in the digital age: consumer connection through data aggregation. It is in this way that mobile apps will drive the future of marketing.

Forming Connections with Mobile

Even now, research shows that apps are beginning to dominate the mobile ecosystem. In 2013, the U.S. consumer spent an average of 2 hours and 38 minutes per day on smartphones and tablets. 80% of that time (2 hours and 7 minutes) was spent inside apps and 20% (31 minutes) was spent on the mobile web. Digital marketers focused on producing ever greater amounts of web-based content in an attempt capture consumer mindshare may want to consider this and shift some resources into specific-use mobile app production.
Businesses can utilize specific-use mobile apps to enhance and/or simplify the customer experience with their brand. As mobile device usage proliferates, users are becoming more reliant on mobile apps for search and needs discovery. Businesses should view this not as a threat, but as an opportunity to gain competitive advantage.
The very idea of mobile implies proximity (be it geo-locational or online) in action. Moreover, given that mobile devices are ultimately toted around by humans occupying a physical (and virtual) space, the future of mobile is inextricably linked with social media.
As I’ve written before, the rapid advancement of mobile technology - with its integration of social media and expanding geo-locational capabilities - has elevated the concept of contextual relevance in digital marketing. This is equally important for businesses, as contextual relevance breeds brand affinity- a necessary prerequisite to forming connections with consumers. Today’s social-Local-Mobile (SoLoMo) consumers now expect businesses to provide contextually relevant online content and resources that inform and entertain, or resolve a need or a want. In brief, SoLoMo has shifted power to the consumers, and they know it.

Consumer Connection through Data Aggregation

To survive and thrive in the consumer-driven digital age, businesses must figure out how to provide contextually relevant content and resources to consumers. They need information and feedback- some way to tap into the continuous streams of consumer-generated data to properly measure and refine their initiatives- all in an ongoing attempt to connect with their target audience. In an era rife with data, the greatest challenge for businesses lies not in the data itself, but in its efficient aggregation and meaningful interpretation. The ability to quickly compare marketing initiatives with real-world results allows businesses to continually refine brand messaging and marketing initiatives, using content and context to form deeper connections with prospects and customers.
As the aforementioned Gartner data suggests, mobile apps provide an indispensable tool for businesses to form connections through data aggregation; by doing so, they will drive the future of marketing.

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Wednesday, December 4, 2013

The Buzz on Search and Social Signals: Building Informed Cross-Channel Strategies

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The consumer path to purchase has become much more complex, with various starts, stops, influences, and opinions along the way. Touchpoints in the buying process can span various channels, making it harder (yet more critical than ever) for marketers to make meaningful connections.
To see the full picture, marketers must leverage channels such as search, where there is stated intent, and social, where there is stated interest. Activating and integrating these channels is step one. Cultivating a sophisticated cross-channel strategy requires the same type of TLC gardeners use to tend their budding blossoms.
Like flowers, digital channels can thrive with a bit of attention, pruning and cross-pollination. Marketers need to be the bees of online advertising – swarming to the data of our campaigns, looking for signals that drive consumer activity, taking the standout signals from one channel and understanding how to apply those to another.
As a marketer who sits at the intersection of search and social, I have the benefit of seeing many of the world’s top brands realize the positive results of a well-informed cross channel strategy. Although search and social elicit different behaviors, they have a strong impact on one another. The exact nature of the impact depends on the marketer, the customer, the product, the vertical, the situation and many other variables, but marketers should be aware of some of the most consistent signals from these powerful channels.

Search Signals

The Query. What the searcher actually types into the search engine is a very clear window into intent. If I search for Black Rain Boots, it’s obvious that at this time I wouldn’t be interested in a pair of sandals or tennis shoes.
Branded vs. Non-branded Terms. Let’s go back to my rain boots example. If I search on a brand name, like Hunter Rain Boots, as opposed to a generic term, I have indicated a particular brand preference. What if I search for a specific product from a particular brand? The narrower my search becomes, the more it reflects my intent.
The Device. How a person searches can be just as telling as the query. Suppose I perform myBlack Rain Boots query on my mobile phone as opposed to my laptop or desktop. This change in device often indicates more localized purpose. I may be out shopping and interested in trying on a pair right now, or a rain storm could trigger my immediate need.
Behavioral Data. Information collected through cookies can help marketers piece together a consumer's path to purchase and provide insights into a searcher’s actions. For a marketer, understanding that I searched for Black Rain Boots, clicked on a Product Listing Ad (PLA) for a particular brand, then two days later searched on that same brand name, is vital to optimization and valuation of actions. A customer's unique path to conversion can reveal telling insights, such as what messages he or she responds to on which devices and so much more.

Social Signals

Interests. In social advertising, the most readily available signals are based on a consumer’s social activities and declared interests. On Facebook, for example, a user’s personal profile information (such as age, gender, marital status), engagement with brand pages and stated Interests can be used to target specific audiences.
Likes, Re-tweets, and Comments (Oh my!). Earned media activity can be an excellent indicator of high performing messages for brands to amplify in market. It’s likely that organic posts with high engagement will produce similar results when amplified to the right audience.
Hashtags. Not only do these handy marks help us to see the hot topics of the day and what’s #trending; more importantly, they enable marketers to track specific topics and conversations that can be used to inform the activities of community managers and overall social content strategy.
Connections. It’s all about who you know. Your online connections are at the core of your social graph. Tapping into a fan, follower, or influencer network can exponentially grow a brand’s reach and exposure.

Let the Cross-Pollination Begin

Now, consider some examples of how signals from one channel can apply to the other:
Location Targeting. Since device type and local search can be compelling signals, find ways to harness this data in social. Set up local searches to trigger social promotions that offer discount coupons for in-store purchases. Tie together channel activity to create a closed-loop experience.
Retargeting. Here’s where that cookie data comes into play. Leverage user-level data to remarket to consumers across channels. For social, the Facebook Exchange (FBX) represents a great retargeting opportunity and can be improved by layering in intelligence from your SEM and PLA campaigns. Advanced technology platforms can drive dynamic ad creation based on demand and intent signals from search, to automatically create ads on Facebook for products that are performing best on Google.
Keyword Expansion. Identify the audiences performing well on social channels. Is there a pattern in Likes or interests that sparks inspiration to test some new paid search keywords? The same thing goes for hashtags; if an audience engages heavily on a specific topic, consider how that topic can be leveraged in ad copy or through new keywords.
Multi-touch Attribution. Purchase decisions typically aren't made in a single instant, but over the course of various stages and interactions with a brand or product. As marketers, our goal is to make an impact at each touchpoint in that process, so it’s crucial to understand location and role of each ad or keyword and how they relate to one another. For instance, you may find that some of your Facebook ads are not leading to an immediate conversion, but are playing a key role as an introducer or influencer. Be sure to give proper credit to each channel and each ad, updating budgets and bids accordingly.

Start by Tearing Down Silos

The biggest step towards finding signal synergy and optimization opportunities is to open up the channels of communications. It’s easy to get caught in a channel silo, as obstacles like separate team structures and varying platforms reduce cross-channel visibility.
Even if the search and social team sit apart, find a way to bring the data together and begin to grow your garden.

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