Thursday, 31 March 2016

The Two Types of Programmatic Advertising and Why Programmatic Matters

Before we get to the topic at hand, a definition of programmatic advertising. We define it simply as “Automated advertising buying coupled with machine learning.” Digiday defines it as "ad buying what typically refers to the use of software to purchase digital advertising, as opposed to the traditional process that involves RFPs, human negotiations and manual insertion orders. It’s using machines to buy ads, basically.” 

Marketing Land, on the other hand, says programmatic advertising "helps automate the decision-making process of media buying by targeting specific audiences and demographics.” 

In terms of the different types of programmatic advertising, according to the Interactive Advertising Bureau (IAB)—which is an industry organization geared toward ensuring standards across the advertising ecosystem—there are two types of programmatic buying (the process in which you’re buying advertising):

1. Programmatic Direct
Also known as Premium Programmatic Advertising, this is an automated technology-driven method used for buying, selling, or fulfilling advertising. It provides for an Automated Guarantee Systematic automation of sales process. No insertion order (IO) or master services agreement (MSA) covered within the partnership.

2. Programmatic Real Time Bidding (RTB)
Two types of RTBs are Open Auction (audience targeting) and Private Marketplace Deals—which require a private marketplace and allow for fixed pricing and data overlays. We are beginning to see more and more of this type of programmatic advertising being used every day. 

Why does programmatic matter?

The shift to programmatic tactics means a few things for marketers and the industry as a whole. In essence, it has validated and delivered against the need for data- driven, and accountable ROI-based media delivery. Additionally, it has enabled an efficient method for publishers to monetize core inventory.

That said, some advertisers have struggled with premium inventory falling outside of the standard programmatic categories and are still being required to fulfill unique and exclusive campaign needs.

Regardless, the entire programmatic category is seeing increased spending across the board due to its predictive yield and ROI for marketers and publishers alike, not to mention easy insertion processes and lower barriers to entry for most advertisers. 

In a nutshell, programmatic advertising aligns media with brand lift metrics for real ROI and only spends money where it will be effective. 

Download The Programmatic Guide For Modern Marketers, Publishers, And Media Planners to get the basics of using programmatic advertising and a lot more including the other questions marketers need to ask themselves as well as the needs agencies need to address. 



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[eBook] Influencer Engagement: 15 Ways to Fail & 25 Ways to WIN

Influencer Engagement - 15 fails and 25 wins

Schadenfreude (n.): Pleasure derived by someone from another person’s misfortune.

Who doesn’t like watching a good fail? As long as the subject isn’t seriously injured, we can all enjoy a hearty laugh at the guy who slips on the banana peel, the woman who gets her shoe caught in a grate, or the kid getting bopped by the family cat. Even if you’re the one who fails, you know eventually it will be a funny story you can tell at parties.

While these minor pratfalls are all in good fun, failing at influencer engagement isn’t as entertaining. Instead of a few bruises and an amusing anecdote, an influencer outreach fail can end your campaign before it starts. And there are far more ways to fail than you might imagine.

But you don’t have to be a cautionary tale. There are more ways to win at influencer engagement than there are banana peels in your way. At TopRank Marketing, we create and manage influencer marketing programs for  some of today’s top B2B and B2C brands. We made the mistakes so you don’t have to. Over time, we have built a solid strategy for building lasting, mutually beneficial relationships with influencers.

To help you avoid being the object of other marketers’ schadenfreude, we created a new eBook, 15 Ways to Fail & 25 Ways to Win with Influencer Engagement. We asked some of our favorite marketing influencers how people have failed to build relationships with them in the past, then added advice based on our years of experience.

The result is a first-hand account of how to succeed in influencer marketing, with insight from both influencers and the marketers who excel at creating relationships with them.

influencer-fail-win-experts

Here are a few ways marketers failed to engage our influencers:

Reaching out cold: “I get requests from people I know really well every week. What makes you think I’ll make time to work with you if I’ve never interacted with you before? Take some time to comment on my posts, rate my podcast, review my book. I’ll return the favor in a heartbeat.” Andrew Davis, Founder, Monumental Shift Click to Tweet

Inappropriate asks: “As in asks for promoting your product (books, webinars, conferences, etc.) in exchange for affiliate revenue: Please DON’T.” Carlos Gil, Head of Global Social Media, BMC Software Click to Tweet

Asking too soon: “My pet peeve is when someone follows me on Twitter or Instagram and/or fans me on Facebook and immediately reaches out to me with a request to check out their business.” Kim Garst, Bestselling Author and Keynote Speaker Click to Tweet

Using the wrong communication channels: “Sending me a message about LinkedIn using Facebook.” Jason Miller, Group manager, Content Marketing & Social Media, LinkedIn Click to Tweet

Impersonal pitches: “When companies send out generic en masse pitches, like a robo-call, but via email. The personal touch can make or break an influencer’s decision to engage.” Chad Pollitt, Co-Founder & VP of Audience, Relevance Click to Tweet

Lack of credibility: “Competition for effective influencers’ time is high, so reaching out using a Gmail address and pointing to a little known brand hosted on a hyphenated domain with poor design isn’t going to motivate anyone to engage.” Lee Odden, CEO, TopRank Marketing Click to Tweet

Lazy duplicated messages: “When you get that really interesting Tweet inviting you to take a look at something and then when you click through to it you also see that they have composed basically the same message to 579 other people on Twitter.” Jon Jantsch, Founder, Duct Tape Marketing Click to Tweet

Delegated, impersonal outreach: “Reach out to me directly yourself. Do NOT delegate this critical step to your marketing agency, PR professional, team member, assistant or intern. Do it yourself and make your note personal. If you want me to respond, I expect you to do the asking yourself.” Heidi Cohen, Chief Content Officer, Actionable Marketing Guide Click to Tweet

Asking without giving first: “Not greasing the skids. Influencers are most likely to add commentary if there is some kind of existing relationship. This means at least some kind of history where the person reaching out has already been sharing the influencer content.” Joe Pulizzi, Founder, Content Marketing Institute Click to Tweet

Being too salesy: “Asking for 30 minutes of my time to discuss a “partnership” – which actually means you want me to sell your stuff to my clients.” Ardath Albee, CEO & B2B Marketing Strategist, Marketing Interactions Click to Tweet

Asking them to sell for you: “Your influencer is there to help you increase the awareness, association and consideration of your brand in a certain space – not to shill for you.” Gerry Moran, Global Head of Social Media, Cognizant  Click to Tweet

Too much focus on the brand: “Don’t tell me your story, let me tell my story. ‘LESS fabrication, MORE facilitation’ = a boost to your Return on Relationship, #RonR” Ted Rubin, Social Marketing Strategist, Evangelist & Acting CMO, The Rubin Organization Click to Tweet

Placing too many demands on the influencer: “Set the tone and rules upfront. Influencers can’t be expected to take part in everything you do, so say that. Set the ground rules and expectations.” Bryan Kramer, President & CEO, PureMatter Brand Marketing & Interactive Click to Tweet

Spamming with automated messages: “Signing up for an app that spams your “top influencer” with automated messages is a sure path to a rocky relationship.” Glen Gilmore, Principal, Gilmore Business Network Click to Tweet

Failure to follow up: “Not following up with that blog post, eBook, or copy of the interview the influencer contributed to. Influencers are indeed interested in seeing the fruits of their labors.” Rebecca Lieb, Principal, Conglomotron LLC Click to Tweet

If you have a few scrapes and bruises from your past influencer marketing attempts, it’s time to be an example instead of a cautionary tale. Check out the SlideShare below for the tips you need to start winning:

Take these tips with you wherever you go: Download your copy of 15 Ways to fail & 25 Ways to Win with Influencer Engagement.


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Wednesday, 30 March 2016

How to Idiot Proof Your Ad Campaigns

Marketing promotion sucks when you treat people the same.

That goes for conversions, and it goes for advertising too.

But the minute things start to go awry, people start messing with their landing page headline or ad descriptions.

As if those tiny, miniscule elements are the primary reason traffic’s not comin’ or visits aren’t convertin’.

The best landing page, optimized 100% correctly, can’t make up for the wrong audience seeing that message.

Ad campaigns are already difficult. But the good news is that you don’t need to possess ninja PPC skillz.

Instead, here is a dead simple way you can isolate where problem areas might pop up and stop them dead in their tracks.

When ‘Best Practices’ are Good Enough

Commonly accepted best practices are a starting point. The tip of a metaphorical iceberg.

They get all the attention and ink online. But there’s a mountain below just waiting to sink your campaign.

On a GREAT day, landing pages convert around 10% of visitors (and those are the ‘uncommon’, special ones that vastly outperform all the rest). That means the majority of page visitors are doing, well, anything else besides converting.

Slapping on a different ad-description isn’t going to budge that number. It won’t change the fact that those people simply aren’t ready to buy. It might get you from 6-7%. Which is great!

But in a world where over 50% of all customers interactions follow a ‘multi-event, multi-channel’ journey that takes various touch points prior to converting, we should look beyond tactical ‘best practices’ to make sure the entire funnel aligns to deliver the best conversions for our buck.

Managing the growing complexity is a top priority for marketers, with most juggling anywhere from 5 – 31 separate tools to manage messaging in a multi-channel marketing environment.

This can be best illustrated with the help of Google’s Customer Journey to Online Purchase, which shows how a typical customer’s journey might look (including which channels influence which parts) for most industries. Yay visuals!

journey-to-online-purchase-google

The point is, there are many things involved in a single conversion. Whether we’re talking about a product purchased or lead generated.

Unfortunately, ad campaigns today can’t be simple, static paths from New Visitor -> Conversion. Not in a world where it takes a minimum of 6-8 customer touch points prior to conversion. Or when your most profitable customers are NOT the ones who visit your site 1-3 times, but 14-20 before signing up.

Today’s ad campaigns are more like a delicate system of variables that depend on each other for success. (Enter your best ’synergistic’ MBA speak here.)

Making sure those things come together harmoniously is the best way to boost conversion rates for the long-term.

Here’s how.

1. Create Different Ad Campaigns for Each Customer Journey Stage

Ad campaigns should align with an appropriate stage of the sales funnel. Same as any inbound deliverable like an infographic, offline tradeshow, or other campaign.

You know, that whole Awareness, Consideration, Decision bit?

(If you have NO idea what I’m talking about, read about the buying cycle and triggers from David Skok. And then spend another 20 minutes reading everything else he writes – it’s worth it.)

buying-cycles-for-entrepreneurs

Ad channels (and even different campaigns on the same channel) can then be used for different purposes, whether that’s driving new sales to generating leads or simply boosting awareness. The opportunities are vast, but the execution needs to be precise.

ad-channels-sales-lead-awareness-distribution

Let’s start with generating initial awareness to see how this works.

Demand Generation

The goal here is to bring in new, targeted visitors. Obviously.

Problem? Nobody knows who you are. And frankly, they don’t really care. They haven’t yet become aware that they have a need for you yet.

So help them. Literally.

Start with their daily life. What issues pop up, take too long, or cause them frustration (that can also possibly tie back into your widgets)?

Listen:

Consumers ignore 86% of display ads. And those average banner ad click through rates are a dismal 0.1%. It ain’t easy out there.

Botching this jeopardizes everything else. So your value proposition needs to be awesome. Not good, or great. But, “Holy s$*% I need to [click this link / read this post] right now”.

Typical display ads, AdWords, and Facebook are well tread options. So let’s look at new, fresh examples like Twitter and Instagram. Less competition typically = less expensive = higher return on ad spend. And the principles are the same, regardless of channel.

For example, let’s say you’re trying to get the attention on Twitter. Instead of simply promoting your account (and making it all about you), solving a huge pain point or even providing a fun distraction can be enough to start introducing your brand to consumers.

verizon-twitter-ad-star-wars

The best social ads at this stage also ‘blend’ in with the content people are already consuming. You know, like that whole native advertising thing. For example, this one from I.D. Sarrieri is very Instagram-ish – selling a mood or theme featuring their products.

idsarrieri-instagram-ad

Find this one, and many more great Instagram ad examples here.

Last but certainly not least, is your headline.

The best headlines are a crystallized version of your value proposition, and they tap into some deeper primal motivation to grab maximum attention. Bnonn’s SHINE headline formula is a great way to get started, giving you the ‘essential’ ingredients like Specificity and Immediacy that are critical to getting people to take action.

You can also study the masters like BuzzFeed, who crank out brilliant headlines day-after-day that can be templated for re-using later. For example:

buzzfeed-headline-article

This one might look like:

  • # + [Perfect Adjective] + [Noun/Keyphrase Solution] + [To/For/Like] + [Fix Your Undesirable Thing]

Lead Generation

Once you’ve captured attention, the next step is to get them interested.

You do that by constructing a ‘bridge’ between their problems or pain points, and your widget which can ultimately solve those things for them.

One of the most popular techniques here is some kind of ‘lead magnet’ to generate a micro-conversion like a basic email address. Chances are, you’re familiar with all the usual suspects like eBooks, webinars, checklists, and more.

But ‘content’ based offers can mean much more.

For example, most designers are starved for stock photos, especially with the exorbitant costs at the well known sources.

Here, Bigstock is providing 35 free!

bigstock-free-photos-twitter-ad

(Here are a few more Twitter ad examples to browse for inspiration.)

Even something as simple as a recipe could work wonders because it blends (pun intended) an offer to get attention with the products they’ll need (and can purchase from you).

Smirnoff’s example below is a perfect example of bridging the gap between those two worlds.

smirnoffus-instagram-ad

Closing Customers

By this point, prospects should know who you are and at least have some interest in your product.

Otherwise, we run into that original problem of trying to convert cold, unaware leads (which all of the best tactical practices in the world can’t help).

The key? Make them an offer they can’t refuse. Especially if switching costs are an issue.

For example, MailChimp executes brilliantly by running a competitive offer to Constant Contact peeps with a free three month offer. That should help soften the blow of having to move all email templates and contact records, while also giving those people enough time to settle in with the service.

mailchimp-3-months-free-twitter-ad

(The actual content and CTA looks a little sloppy, but the overall offer is great.)

Admittedly, selling on Instagram is a, well, tough sell. It’s still early days, and the channel is mostly known for brand awareness.

But still, the Cromwell in Las Vegas does as good a job as any, highlighting their attractive property in a multi-ad set with an appropriate CTA.

cromwellvegas-instagram

If you’ve done all the hard work up to this point (like getting awareness, building interest, and developing trust), the sales offer should be simple and straightforward.

A great offer or promotion can help, but shouldn’t be required to get people to open up their wallets.

But if it is still difficult or damn near impossible, this next section can help.

2. Pinpoint & Upgrade Underperforming Stages

Creating different ad campaigns for specific sales funnel stages can help illustrate potential gaps, making it easier to break down exactly where you’re excelling (or falling short).

That way instead of overreacting and making rash conclusions, you can start measuring those micro-conversions between stages or steps to find leading indicators of success.

For example, experiencing low sales but demand seems to be there? Insert more lead gen and nurturing campaigns into the mix to bridge that gap. The end result, should resemble a complete ‘customer journey’ that seamlessly moves people from one step to the next.

customer-journey-brand

But what if those things check out, and still nothing. You’ve got ad campaigns targeting each step, and they seem to be performing well. Except for that whole sales thing.

Break your ad campaigns down even further into the individual variables that dictate success.

Google AdWord’s Quality Score is kinda the gold standard for using algorithms to award and set pricing in an auction based ad system. Facebook has also been testing different algorithms that act similarly.

What’s unique, is that these algorithms use factors like ad relevancy from the ads you’re running, to the keyphrases or audiences, and even through the landing pages. They factor all of these details, and then create a holistic score that dictates (a) how often your ads show and (b) what you’re going to pay.

Algorithms like these force advertisers to consider how every single ad campaign element works together to produce the best ROI (instead of simply focusing on the single ad creative you’re working on).

So let’s start with the tactics, and work backwards to see if we can get any quick wins.

offer-to-landing-page-stages

Addressing or changing elements like the ad creative and landing page are far easier than ripping up the offer and starting from scratch. You can A/B test these elements according to commonly accepted best practices (which take all of 5 minutes Googling).

And it’s the easiest, ‘low hanging fruit’ to quickly improve your Quality Score (or similar relevancy scores in other social ad platforms) that deliver fast results.

If issues still persist, take another step back to address the audience you’re targeting (or keyphrases in AdWords which inherently have a certain type of audience searching). Chances are, improving audience targeting could give you that breakthrough.

For example, custom audiences on Facebook help you get more specific by targeting segments of past customers, retargeting website visits, or even the individual product page visited. Target saw a “20% increase in conversion [using Facebook’s Dynamic Product Ads] compared to other Facebook ads”, according to Senior Vice President Kristi Argyilan.

Assuming your offer or value proposition is sound and that the channel is appropriate, iterating on the audience, ad creative, and landing pages should deliver something at the end of the day.

Otherwise, you have bigger issues (beyond advertising) that are holding you back.

Conclusion

The tactical best practices you read about all over the interwebs are important.

But only to a point.

Breaking things down by sales funnel stages can help you determine where you’re excelling or falling short in key categories. They alert you to gaps in the customer journey that can cause breakdowns in driving new sales.

Once that’s completed, you can get even more granular by looking at each independent variable within a single ad campaign to see where further bottlenecks are choking results. Working backwards from the ad creative and landing pages to your audience will give your campaigns a quick lift (assuming your offer or value proposition + channel selection check out).

Big conversion increases don’t happen overnight by swapping out your headline or button color. They come from iterating on these tiny details along the way, making small improvements at each little step.

And best of all, isolating different variables helps assign priority, keeping execution focused and simple in an increasingly complex world.

About the Author: Brad Smith is a founding partner at Codeless Interactive, a digital agency specializing in creating personalized customer experiences. Brad’s blog also features more marketing thoughts, opinions and the occasional insight.



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6 Examples of Lead Nurturing Campaigns

Sometimes our impression of marketing tactics is more monolithic than the reality. Setting up a lead nurturing campaign in your marketing automation platform is usually about contacting prospects early in their journey and building a relationship with them as they come closer to purchase.

The expectation is that we learn more about our prospects through their actions, which lets marketers provide content that is more in line with their interests and expectations. Nurture means to care for, and a good nurture campaign can show that you care about prospects.

Nurture campaigns can actually serve different audiences with different goals, provided you set them up to maintain contact with the right profiles. The six examples below follow along as prospects become more connected to your company and the buying process, and ultimately become customers.

1. Welcome Campaign

It is a good practice to welcome new subscribers with a simple campaign. You can introduce the brand and let them know the benefits of subscribing to your list. You can also let them know what they can expect as next steps. Think of this as the top of your nurture funnel. Prospects have signed up for a list, or responded to an offer, and now it is up to you to learn more about them so they can opt-in to something else. That could be another offer or a more specific list. Again, this nurture is about learning more about them.

2. Education Campaign

This is a pretty standard nurture campaign and what most of us think about when we think about nurtures. The goal is to get the prospect ready to talk to sales. You need to engage prospects to learn more about them, while at the same time educate them about your products or services. Your value proposition can start to play a role here. Sharing relevant, educational content is the heart of this campaign. You can build this relationship by providing value.

3. Why Us Campaign

As you learn more about your prospects and their needs, you want to start making the case for how your solution can support those needs. Competitive differentiation points are a big part of this kind of nurture campaign. You want to reiterate your value proposition to make sure they understand “why us.” Case studies and testimonials are the perfect content to make these points for you.

4. Accelerate Campaign

As prospects continue to move through the buyer’s process/journey/path, you reach a point where the process slows down. You can create a nurture campaign that removes roadblocks and can speed the purchase decision. These are the kinds of campaigns that need to be set up in conjunction with sales, as you want to make sure efforts are coordinated. Decision tools like ROI calculators are the kinds of things you want to send in this campaign.

You should have lots of information in a prospect’s profile by this point, so you should have good sense of the resources that can help move this along. Maybe they keep going to the pricing page, or the support page. You want to help prospects get comfortable with their decision.

5 .New Customer Onboarding Campaign

An often-overlooked use of nurture campaigns is the ability to manage your customer onboarding. Welcome your new customers and thank them for their decision. No matter the type of product or service you offer, there is an identified path to success in onboarding. Provide these steps in a series of email. You can also provide answers to commonly asked questions and support options.

6. Customer Loyalty or Retention Campaign

Once you have a customer, you want to keep them happy. Set up an ongoing nurture campaign to support their retention. While you do want to continue to reiterate the benefits of their purchase, but you also still want to provide tips and tricks so they can continue to get the most out of your products or services. By running this campaign through your marketing automation platform, you have the ability to capture more activity data than you would otherwise. This could help alert you to a lack of activity that indicates they are an at risk customer.

These basic campaigns can help you think about how nurturing can be expanded beyond the simple “move them to sales” campaign. For lots more details, download our Lead Nurturing Guide.



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7 Mobile Apps to Accelerate Your Marketing Automation Success

In today’s hyper-connected world, it’s important to have a rock-solid cross-channel marketing strategy, and one of the easiest ways to execute that strategy is through your marketing automation system. As we share in our new eBook, Visions From the Future of Marketing Automation: An Explorer’s Guide to Cross-Channel Marketing, there are lots of ways to get creative in reaching your customers. Below, we’ve outlined seven types of apps that you can plug into your marketing automation system to help make your cross-channel campaigns more efficient, engaging and effective.  

1. SMS/MMS Apps

In our smart-phone co-dependent society, customers are constantly checking their phones, and sending a quick text or picture message is a great way to get in front of them with timely offers, information, announcements, and more. SMS and MMS are also great for reconnecting with “hard-to-get” people on your target list.

Tip: Make sure your messages are short, simple and focused on one point.

2. Calling Apps

Instead of sending contacts to CRMs or routing them through sales execution tools, try using a calling app that enables your team to talk to customers directly. A good calling app will enhance your workflow efficiency and enable you to identify the conversations that are delivering the best return, so you can adjust your approach accordingly.

Tip: Use talking points instead of a script to ensure you come across as authentic, not robotic.

3. Voice Message Apps

In the event you need to leave customers and prospects a message, voice messaging apps can alleviate the stress of speaking on the fly by enabling you to pre-record a personalized message based on insights and information from your contact list. Some apps even allow you to use voice prompts to make messages interactive.

Tip: Whatever you’ve got to say, do it in 30 seconds or less.

4. Payment Apps

Once customers are ready to show you the money, you can help them help you by hooking up your forms and landing pages with a secure payment app. These apps enable you to process credit card payments and track transactions for products, services, events, online stores, and more.

Tip: Always let customers choose how they want to receive their receipt (email, text, paper).

5. Geo-Targeting Apps

One of the best ways to make sure your campaigns are in the right place at the right time is to use a geo-targeting app to search and segment your contacts. Geo-targeting empowers you to personalize content for your target audience based on their location, which is especially handy when you want to make sure an event is well-attended by locals.

Tip: Start with a small radius when segmenting your target and increase it incrementally.

6. Direct Mail Apps

Sometimes our digitally dominated world leaves customers longing for something real. When that happens, use a direct mail/print-fulfillment app to send customers a physical reminder of your company that they can touch, like a postcard, catalog, or even gift items.

Tip: Sending personalized thank you notes to customers is a smart way to build brand loyalty.

7. Validation Apps

People move on, move up and make mistakes — all of which impact your database, your sales, and ultimately your bottom line. To make sure your lists are clean, use e-mail and address validation apps. Most of these apps enable you to validate emails and addresses on your landing page, before they clutter your database with misinformation. They also normalize and standardize data throughout your ecosystem, which not only makes everything look professional, it helps eliminate and consolidate duplicate addresses.

Tip: Information is constantly changing, so validate all contacts often. 

Every part of your marketing needs to go mobile, especially your marketing automation activities. The Modern Marketing Essentials Guide to Mobile Marketing will make sure that mobile is always top of mind.



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Learn How to Create a Better Customer Experience with Omni-Channel Marketing

omni-channel-marketing

In today’s world, the customer experience extends beyond the walls of a brick and mortar store. Customers engage with your brand through content that’s spread across multiple channels and accessed by multiple devices. And with so many possible touch points, it’s becoming increasingly important for brands to ensure consistency throughout–especially for their millennial audience.

A survey by SLD, a customer experience software and services provider, revealed that 44% of millennials surveyed expect their experience to be consistent across all devices. In addition, 60% said that they expect the same experience across all customer touch points–from phone service to in-store and digital interactions.

So how do you create that consistent customer experience? Through omni-channel marketing.

Defining Omni-Channel Marketing

Omni-channel marketing is a holistic, strategic marketing approach that aims to provide a seamless user experience across all channels and devices.

Every brand has a story to tell. A message that tells their audiences who they are, what they stand for and how they can be of service in a time of need. And an important part of successfully conveying that message is through creating a positive, consistent customer experience with your brand. How can you build a relationship with a customer if your message is inconsistent? How can you build that trust?

In addition, providing a consistent customer experience contributes to building brand recognition and awareness among your target audience. Remember, your marketing efforts aim to build and nurture your customer relationships.

Best Practices for Omni-Channel Marketing

At TopRank Marketing, we often talk about the importance of an integrated content marketing strategy. One that uses multiple tactics–across multiple mediums–to be the best answer, when and where people are searching for information. The key to all this? A focus on the customer and their journey–which is a natural connection to omni-channel marketing.

Content plays a major role in the customer experience. It’s product descriptions. It’s blog posts. It’s advertisements. It’s emails. It’s social media status updates. It’s a promotional sign hanging in a store’s window. Use omni-channel marketing as another layer to bolster your content marketing strategy–and really your overall marketing strategy.

Other best practices include:

  • Use consistent imagery. Humans are very visual beings. We process so much with our eyes. Using consistent imagery contributes to that brand recognition and awareness brands so desperately want.
  • Establish a consistent voice. This is your brand voice and it should be recognizable to your customers. Are you serious? More light-hearted? Silly? Educational?
  • Personalize. Remember that each channel likely has a distinct audience. Strike a balance between your brand standards and optimizing your message for each medium.
  • Put yourself in customers’ shoes. Take the time to regularly review the experience that your customers go through to research, buy and connect with your products and brand. When it comes to your digital interactions, use your analytical tools to identify barriers. Where are people dropping off the site? Which forms convert the best? Where is the most site traffic coming from? Which mediums get the most engagement? Now that you have this information, how can you improve the experience? Is it through new content or better calls-to-action?

Examples of Omni-Channel Marketing in Action

Disney

Disney Omni-Channel

Disney is an omni-channel rock star. From booking your trip on their mobile responsive website to securing fast passes through the My Disney Experience app to accessing your on-property hotel room with a Magic Band, the magic of Disney is consistent throughout.

Target

Target Omni-Channel 1

Target Omni-Channel 2

Another omni-channel heavy weight is one of my most beloved brands: Target. Whether you’re shopping from your PC, your mobile device or in-store, each medium works together to create a seamless, efficient shopping experience (even if you fall down the perusing rabbit hole). Your digital shopping cart can be saved and accessed from either a PC or mobile device, or you can opt to pick items up at your closest store.

Coca-Cola

Coca-cola omni-channel

Coca-Cola is one of the world’s most recognizable brands. It’s sold in hundreds of countries and it’s branded itself as a deliciously refreshing beverage that delivers happiness in a bottle. From allowing soda lovers to share the love by personalizing a bottle for a special someone to their rewards program to utilizing traditional media to remind customers just how tasty their drink is, their brand is all about customer experience.

What are some of your best practices for ensuring a seamless customer experience? Share with us in the comments section below.

Header image via Shutterstock


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Tuesday, 29 March 2016

How to Confidently Buy All the New Customers You Can Stand

How to Confidently Buy All the New Customers You Can Stand written by John Jantsch read more at Duct Tape Marketing

 

buy customersWhile the title of this post may seem a little odd or even off-putting, when it comes right down to it a lot of sales and marketing involves purchasing business.

When you advertise, you invest in the opportunity to generate customers. When a salesperson prospects and goes on a sales call, you’re investing time and salary or commission in the act of acquiring customers.

Here’s what I know – most small business owners invest far too little in marketing, in part, because they don’t fully understand how to do so confidently.

I mean, if you write a check to Facebook or Google and have no sense of what will happen and what it will be worth, it can be a little intimidating.

Let me ask this – if you knew, with complete certainty that for every $2 you spent, you would get $5 back – would you go get all the $2 bills you could find?

To understand how much you can invest or, better yet, should invest in marketing you must understand what a lead and ultimately a customer is worth to your business.

These may seem like rather advanced metrics, but they are critical if you are to grow. Quite often the thing that chokes off growth is the failure to invest properly in marketing.

If you know that a customer is worth, say, $10,000 a year and yet you only invest a few hundred every month in acquiring them, you are effectively suffocating your ability to grow.

Now I’m not suggesting you spend for spend sake, note that I’ve used the word “invest” to describe this activity, but to invest wisely you must understand a few important metrics.

Advanced conversion metrics

I love tracking conversion rate on the whole, but the following three pieces of the puzzle should be considered separately to get a complete picture of conversion in your business.

1) Value of a Lead – This is every visit to your website or subscriber on your email list. For example, if you have 1000 subscribers and your email marketing efforts generate $10,000 a year, you could say that the value of 1 subscriber on your list $10.

Armed with this knowledge you might start to think of some new ways to focus on list growth, not for growth sake, but to generate far greater opportunities for business.

Or if your site had 25,000 visitors last month and you made $25,000 net profit –  that’s an average of $1 per visitor.

I realize that this may be a gross oversimplification of the many moving parts in your business, but the goal here is to narrow your focus on just a handful of things so you can stay focused and hopefully stop wasting time on things that don’t matter.

With this number, you can begin to focus on how much you can spend to generate more traffic or more sign-ups.

Here’s a nice article from FormStack that goes into the factors involved in calculating the value of a lead.

2) Lifetime value of a customer – this is the amount of profit a customer returns over the lifetime of being a customer. This number allows you to think about how much you can invest to land a new customer.

If a customer is potentially worth thousands to your business over a three-year span, for example, you know how much you can spend or are willing to spend to get that customer, knowing that if you keep them happy, it will be money well spent.

The other thing this number allows you to do is think about cost vs. return in your business model. If you can create a product/service mix that allows you to recoup your marketing investment with the first sale, you can then go to work on selling more from a break even point.

One of the most potent ways to grow a business is to spend every dime you can to break even on the first sale and then go to work on selling 20-30% of those customers a far higher priced, higher profit service.

In this model, your customers are paying you to market to them and armed with your increasing lifetime number; you know what you can and should invest every single month.

This kind of turns the % of revenue model for marketing investment on its head, and that’s a good thing.

Here’s a more complex description of the formula that can go into calculating the lifetime value of a customer.

3) Cost to acquire a new customer – this is the marketing spend required on average to acquire a new customer. This can be a moving target for some businesses, but it’s a key factor in creating your marketing budget and understanding the value of your marketing activities.

This is the most important number when it comes to assessing the effectiveness of your marketing channels or traffic sources. For example, if your lifetime value is $100 over a year and your cost to acquire a new customer on average is $25, but the cost to acquire customers in a channel like Google AdWords is $75, you might reconsider that channel.

If you’ve never tried to determine this number, you may have to take a fairly crude approach at first and simply determine how much you spent last year on marketing and divide it by how many new customers you acquired. This will change as you start investing in new approaches and tracking effectiveness.

Here’s another great article from the folks at Kissmetrics on calculating customer acquisition cost.

Initially, you should spend some time and create guestimates for each of this metrics, so you have something with which to start working.

From there you start to refine the inputs that go into each number so you can lay the entire picture out on a dashboard or spreadsheet that allows you to monitor changes and accuracy over time.

When you get the point where this thinking permeates your marketing approach, and you can clearly see what every dollar you invest returns, you’ll be ready to buy all the business you can handle.



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