How to Leverage Influencer Marketing for Your Brand’s Success

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Starting a business is one challenge, and building it into a success story is another. Several startups fail due to factors ranging from poor planning and ineffective marketing strategies to economic downturns and operational inefficiencies. As far as marketing is concerned, there are several lessons to learn from some of the most successful companies. In the sections below, we’ll discuss influencer marketing and how influencer collaboration with the right influencers can be a recipe for business success. You’ll also learn how to maximize influencer collaborations and make this marketing strategy work for you.

What is Influencer Marketing, and Why Does it Matter?

 

As the name suggests, influencer marketing is a technique where you partner up with a popular figure or celebrity to help promote your products or services. Influencers can be individuals or a group of people with a huge following, especially on popular social media platforms such as Instagram, Facebook, Twitter, YouTube, and TikTok.

Whether your business is a startup or an established entity, influencer marketing can help drive brand awareness, increasing traffic and conversions. It’s worth noting that every business is unique, and how effective influencer marketing will be for your business depends on factors such as:

  • Nature of the business. Beauty, lifestyle, and fashion businesses have a natural fit with influencers, while those in the B2B sector may find this marketing technique challenging.
  • Online presence. A robust online presence, characterized by a well-designed website and active social media profiles, will attract the best influencers and may translate to better conversions.
  • Target demographics. The influencer’s ready audience should be your preferred target market. Otherwise, a mismatch will see your marketing campaign struggle.
  • Choice of influencer. Consider the influencer’s values, reputation, and audience engagement before striking a partnership deal. More on this later.

Besides having an engaged and loyal following willing to buy your products or services, influencers put a personality and face to your brand, making it more reputable and trustworthy. The right influencers will also push your product or services to a broader audience, thanks to the varied platforms they’ll use to promote your brand.

How Can You Leverage Influencer Collaborations to Drive Business Success? 

Most influencers have great ideas on how they can partner with you to market your brand. Even so, you may specify how you want them to promote your products or services. And while there’s no wrong or right way to promote your brand, some influencer marketing techniques are more effective than others. Here are a few ways to leverage influencer marketing for maximum impact:

Try Podcast Endorsements

According to PEW research, 49% of adults in the United States have listened to a podcast in the past 12 months. Therefore, it makes economic sense to partner with podcast hosts to promote your brand among their loyal following. To make this strategy work best, you want to sponsor specific episodes of several podcasts your target audience is already subscribed to.

Use Influencer Content as Paid Ads

Standard ads on social media platforms rarely convert since everyone sees them as a nuisance. However, this won’t be the case if you partner with an influencer and let them create a social ad with their face or voice on it.

Use Brand Ambassadors 

Over the years, businesses have used brand ambassador programs to build trust and win customers. With this technique, companies tap into loyal customers who already use their products or services and partner with them to recommend their brand to their following or audience. This program works well when the loyal customer you want to pick has a huge following that can convert easily.

Try Contests and Giveaways 

With this technique, you’ll provide your influencers with a product or service they can reward or give to their followers. You can modify this technique to have the influencer’s followers like your brand’s page or post. The giveaways may come in the form of contests or challenges meant to boost social media engagement, brand following, and awareness.

Gift Influencers and Obtain Honest Reviews 

Another way to leverage influencer marketing is to gift an influencer your product or provide them with your services for free and let them give their followers an honest review of what they think about your product/service. If the influencer thinks your product/service is excellent, they’ll recommend it to their followers. Otherwise, they won’t.

How to Identify the Right Influencers for Your Target Audience 

Before comfortably trusting an influencer to promote your brand, you must follow due process throughout the sourcing and selection stages. The right influencer for your brand is someone you can trust and who believes in your business. Here are a few things to look out for when choosing an influencer to partner up with:

  • Relevant audience. Not all influencers have an audience that resonates with your business or target demographic. Do your research to ensure you partner with someone who will directly add value to your business.
  • Brand Values. The right influencer will have values that resonate with your brand and target audience. You can check the influencer on social media platforms to learn more about their values and belief systems.
  • Communication and professionalism. One of the pillars of the 4Cs marketing model is effective communication. Customers always want to know how buying your product will benefit them, meaning the influencer should do a great job selling your brand. Similarly, you want to work with a professional influencer who has strong communication skills.
  • Content Quality. As much as the influencer is authentic, trustworthy, and meets the brand alignment metrics, you also want to ensure the content they produce meets your expected quality standards.

Bottom Line

Whether turning your employees into influencers or picking celebrity figures to partner with, influencer marketing is generally a true and tested technique. The goal is to choose a trustworthy person with a reasonable social following committed to walking the marketing journey with you, one step at a time. Use the tips above to guide you throughout the influencer marketing campaign, and where necessary, seek professional help from a reputable marketing company.

Market Segmentation

6 Types of Behavioral Data That Can Be Used For Segmentation

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Behavioral Data is the way that your users behave provides you with significant insight into your audience, your website, and even your products and services. You can use this information to segment your users so that you can more effectively target them using a variety of marketing techniques. This strategy is known as behavioral segmentation.

Behavioral Data Examples for Segmentation

You will need to use analytics in order to look at a variety of different metrics that will reveal behavioral data. The following are six metrics that can help you gather behavioral data to use for behavioral segmentation:

1. Page view history

Seeing what pages a user is visiting can give you a good idea of what they’re looking for. You can also identify pages that they are spending most of their time on. This reveals the content that interests them. Looking at their page view history (as well as the pages they’ve spent a lot of time on) will help you gather information on what subjects they’re most interested in. This will allow you to provide more custom cross-links for related content. It can also direct users to content that’s more likely to interest them.

2. Email opens

Just because a lead is on your email list does not mean that they are reading all of your emails. Identifying what emails they are opening will give you a good idea of how to follow up those emails with custom messaging and retargeting. You can also better understand what headlines and messaging times get the most open. This will allow you to adjust your email strategy so that it’s more effective.

3. Social engagement

Social engagement is identified by the content that users like, share, or comment on. You can track the social engagement of your users. This helps identify what types of content they engage in with most to tailor content that’s more to their liking. You can also share content with them directly to engage with them more personally. This will help build stronger relationships.

Read More Related Article – Improve Your Marketing Strategy By Asking These 4 Questions

4. Videos watched

More people are now watching videos on a daily basis due to how easy it is to access them via mobile devices. Keep track of your user’s video-watching history so that you can let them know when you publish similar video content in the future or so that you can send them more content (video or non-video) based on the subject matter of the videos they’ve watched.

5. Purchase history

Tracking what your customers have purchased will let you know their needs and wants. This will make it easier for you to send targeted offers and identify cross-selling opportunities. Remember, buying history isn’t just limited to what your customers are purchasing. It also includes when they are making those purchases. You can target them using offers on dates that they tend to make their purchases.

6. Product usage

Depending on the product or service you’re selling, you can gather data on its use. For example, if you sell software, then you can track how often it’s used. This allows you to upsell heavy users. This also allows you to send targeted content to users who aren’t using certain features about features. Lastly, it can re-engage users who aren’t using your software often.

These are 6 behavioral data examples for segmentation that you can use as well. By paying attention to your users’ behavior data and using that information to segment your users, you can greatly improve both the effectiveness and efficiency of your marketing efforts.

30 Greatest Lead Generation Tips

The Ultimate Guide to Creating a Press Release

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In today’s dynamic media landscape, establishing brand trust has become increasingly critical. The 2021 Edelman report highlights the growing significance of consumer trust in making purchasing decisions. A well-crafted press release plays a vital role in conveying information to the public and building that crucial trust. It holds immense value for businesses, organizations, and individuals alike. By generating substantial media attention, a meticulously crafted press release not only amplifies brand presence but also expands outreach to a wider audience. However, creating an impactful press release necessitates thoughtful planning and flawless execution.

This guide aims to equip you with the essential elements, structure, and writing techniques necessary to create an effective press release that captures attention and delivers your message with impact.

Understanding the Purpose and Audience

Before embarking on creating a press release, it is vital to grasp its intended objective and target readership. A press release functions as a concise and informative announcement regarding noteworthy events, product launches, or organizational advancements. It encompasses customized content to captivate journalists, editors, and media establishments. Identify your specific target audience and contemplate the angles that would most effectively pique their interest. By doing so, you can craft a press release that is both engaging and pertinent, resonating with your intended readership.

Essential Elements of a Press Release

Attention-Grabbing Headline: Craft a compelling headline that concisely summarizes the main message of your press release and piques the interest of the reader.

Dateline: Incorporate the date and location of the press release’s origination, accompanied by a compelling lead sentence that succinctly captures the essence of the news.

Introduction Paragraph: Expand upon the lead sentence to provide a concise overview, addressing the who, what, when, where, why, and how aspects.

Body Paragraphs: Elaborate on the main points, offering supporting details, statistics, and quotes from relevant sources. Utilize clear and succinct language, avoiding technical terms or jargon that may confuse readers.

Boilerplate: Wrap up the press release by including a concise description of your company or organization, incorporating vital information such as contact details, website address, and links to social media platforms.

Media Contact Information: Share the name, job title, phone number, and email address of the designated contact person for additional inquiries or interview requests.

Structuring a Press Release

Inverted Pyramid Structure: Arrange the information in order of importance, with the most critical details at the beginning, followed by supporting details and background information.

Concise and Focused Writing: Keep the press release concise, typically between 400-600 words. Use clear, simple language and avoid excessive promotional language or industry jargon.

Use Quotes: Incorporate quotes from key individuals involved in the news, such as executives or experts. Quotes add credibility and provide a human element to the story.

Supporting Facts and Data: Include relevant facts, figures, and statistics to reinforce the significance and newsworthiness of the information presented.

Visual Elements: Incorporate high-resolution images, videos, or infographics to enhance the visual appeal and engagement of your press release.

Hyperlinks: Include hyperlinks to relevant websites, landing pages, or supporting documents to provide additional information or resources for the readers.
Writing Techniques for an Effective Press Release

Develop a Compelling Headline

The headline is the first impression your press release makes, so it must be attention-grabbing. It should succinctly summarize the key message of your release and entice readers to delve deeper. Aim for a concise, catchy headline that piques curiosity and highlights the newsworthy aspect of your story. Incorporating strong action verbs or posing thought-provoking questions can also increase its impact. Remember to keep it within 60-80 characters for optimal readability and easy distribution on digital platforms.

Craft a Strong Opening Paragraph

Following the headline, the opening paragraph is critical for hooking readers and capturing their attention. Within this segment, address the fundamental inquiries of journalism: who, what, when, where, why, and how. Employ precise and succinct language to effectively communicate the key details while ensuring the content remains engaging to captivate readers and encourage further exploration. Avoid overly promotional language and focus on presenting the news objectively. Journalists prefer to receive factual information that they can use to develop their own stories.

Provide Newsworthy and Relevant Information

The body of your press release should expand on the information introduced in the opening paragraph. Offer additional details, relevant facts, statistics, quotes, or testimonials that support the main message. Ensure the information provided is concise, pertinent, and tailored to resonate with your intended audience. Capture the attention of journalists by offering a distinctive perspective, connecting to ongoing trends, or providing valuable insights to their readers. Moreover, carefully consider the timing of your press release to maximize its impact. Additionally, consider the timing of your release. If possible, try to tie it to a larger event or news cycle to increase its relevance.

Use Quotes Effectively

Including quotes from key individuals involved in the story can add credibility and provide a human element to your press release. Quotes should be concise, impactful, and provide valuable insights or perspectives. Ensure the quotes enhance the narrative and are attributed to the appropriate individuals. If possible, obtain quotes from recognized experts or authorities within your industry, as this can increase the chances of media attention.

Include Relevant Contact Information

As you conclude your press release, incorporate a segment containing pertinent contact details for media inquiries. This section should encompass the name, role, email address, and telephone number of an appointed representative capable of furnishing additional information or coordinating interviews. By providing easily accessible contact details, journalists can reach out for additional information or clarifications, increasing the likelihood of coverage.

Bottom Line

Creating a press release effectively requires a strategic approach and attention to detail. Remember to craft a strong opening paragraph, utilize quotes effectively, and include relevant contact information to facilitate communication with journalists. It is advisable to meticulously review your press release to guarantee its flawlessness and effective communication of your intended message. By meticulously strategizing and implementing your press release, you can harness its potential as a powerful tool for generating awareness, bolstering your brand’s standing, and driving media attention.

Ways You Can Improve Your Email Personalization

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Email marketing is one of the time-tested marketing strategies used by many businesses. And while it’s popular, many business owners and marketers struggle to get their email marketing campaigns to deliver the desired results. For many, their emails often go unnoticed or ignored by their audience. If this is the case, you’re not alone. The vast amount of emails people send and receive daily means that it’s easy for your message to get lost in the shuffle. And that is where email personalization comes in.

By tailoring your emails to each recipient, you can ensure your message stands out and grabs their attention. In a recent McKinsey report, 71% of consumers expected businesses to offer personalized communication, and 76% said they would likely feel frustrated if this didn’t happen. So, let’s discuss email personalization and explore effective ways to implement it in your marketing strategy.

email personalization

What is Email Personalization?

Email personalization is a powerful marketing technique that allows businesses to connect personally with their customers. It involves using subscriber data to create tailored email content that speaks directly to each recipient. This can include anything from addressing the recipient by name to sending personalized recommendations based on their shopping preferences.

The goal is to make the email more relevant and engaging for the recipient, increasing the likelihood that they will open it, read it, and take action. Personalizing emails also means sending out relevant, timely, and irresistible content to the recipient. This helps businesses improve their relationship marketing strategies, deliver value and drive more sales.

Why Personalize Your Emails?

Email marketing is an essential tool for businesses of all sizes, but it doesn’t always yield the expected results. This is especially true if you fail to personalize the emails to connect with the audience more deeply. Here are some reasons you should consider personalizing your emails.

  • It increases email’s open rates. Personalizing your emails, especially the subject line, can significantly increase the open rates. Making your emails more personal will make a better first impression and encourage more people to open up and engage with your content.
  • It drives engagement. When you personalize your emails, you’re showing your subscribers that you value them as individuals. This can build trust and encourage engagement with your brand. By providing a personalized experience, you’re more likely to foster long-term customer relationships.
  • It boosts your revenue. One of the most compelling reasons to personalize your emails is that it can increase revenue. People are likely to spend money with businesses that appreciate them and provide a personalized experience.

Email Personalization Strategies 

Now that you know the benefits of personalizing your email marketing, let’s explore some common strategies you can implement. It’s worth noting that personalization is the future of digital marketing, and now is the time to rethink how you communicate and interact with prospects. Here’s how you can make email personalization work for you.

Use Segmentation 

Customer segmentation is the foundation of most personalized email marketing strategies. It involves grouping subscribers or prospects into segments based on shared characteristics, such as gender, location, or organizational role. Using the data collected to segment subscribers, you can make each email seem like it was written specifically for them.

segmentation

To collect segmentation data, you must create an email sign-up form that is quick and easy to fill out. You must also collect useful information such as demographics, email frequency preferences, psychographics, etc. Additionally, you can use interactive elements and surveys to collect more data and refine your messaging to contacts. Integrating your email marketing tools with your CRM can also offer timely insights. This can help you send targeted messages based on what your subscribers do online.

Use Triggered Emails 

Triggered emails fall into the category of behavioral marketing and are a great way to make subscribers feel like you know them. You can send these emails based on subscribers’ actions, such as abandoning a cart, registering for an event, or changing profile information.

To make the most out of triggered emails, you want to send them at important moments, such as when a customer engages with your product or reaches a personal goal. You can also add subscriber tags to segment and target subscribers based on their actions. This will help you send relevant messaging to your contacts as their interests and needs change.

Use Personalized Content 

When your emails feel like they’re coming from a friend, subscribers will be more likely to engage with your brand or content. To achieve this, you should make your email copy friendlier. You should also avoid jargon and use language that your customers will understand and relate to.

Another way to add personality to your emails is to use humor. Humor is an excellent icebreaker and can help to establish a rapport with your prospects. By injecting a little humor into your emails, you can create a relaxed and enjoyable experience for your customers.

But personalization goes beyond just being friendly and personable. It also means being relevant. You need to use the data you gather about your customers to craft content tailored to their interests and needs. By sending them relevant information, you show that you care about their needs and are committed to providing value.

Use Dynamic Content

Another way to take your email marketing to the next level is to use dynamic content. With dynamic content, you can personalize certain parts of your email to resonate with specific recipients. That means different people will see different content based on their interests or preferences.

The beauty of dynamic content is that it allows you to deliver the right message to the right subscriber at the right time. Remember, displaying the content your subscribers are interested in can improve engagement and drive more conversions.

Send Emails from a Person

If you want to make a real impact with your email marketing, it’s time to start sending emails from a person, not just a business. Research shows that people trust and engage more with emails from a real person than a faceless corporation.

Using a real person’s name and photo in the “From” field can add a personal touch to your emails that will help your business stand out from the competition. Several companies have tested this strategy, and it’s proven to work. It’s also a simple yet effective way to build trust and engagement with subscribers.

Get Started Today 

In today’s digital marketing age, email communication is prevalent, and personalization is often the key to effectively connecting with consumers. Personalizing your emails increases open rates, drives engagement, and boosts revenue. The strategies we highlighted above can help you deliver value more effectively while establishing long-term customer relationships.

Simple Ways that Small Businesses Can Use Data to Build Better Customer Relationships

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In this day and age, it’s pretty difficult for consumers to not be inundated with dozens of advertisements. As such, targeting your audience has become more important than ever, especially when it comes to running a smaller business. The most effective way to target your audience is to make use of the consumer data that you have access to. Knowing how to use the data you have can go a long way towards building customer relationships.

However, having consumer data is a lot different than knowing how to make it actionable, which can make the data you have very intimidating. The following are the three steps that you should take to so that you can leverage your data to build strong customer relationships:

1. Organize

Collecting data is the easy part. You can obtain valuable customer data from a variety of sources, including your opt-in forms, customer surveys, and even by simply asking direct questions on social media. Organizing this data is another matter. You’ll want to use the data you’ve collected to segment your audience based on shared traits. For example, you could organize your customers by their location, by their level of engagement, or by their purchase behaviors. This allows you to personalize your content much more and is especially helpful for strategies such as email marketing.Customer Relationships

2. Find Insights

When organizing the data you’ve collected, you can find insights into your customers that you may not have noticed before.  If you’re segmenting your audience by location, you may find that a significant part hails from one area you didn’t know about. For instance, say you’re based out of Chicago and you sell winter clothes. You may have been focusing mostly on marketing your products to the midwest. However, from the data you’ve collected, you may find out that you actually have a significant amount of customers located in the NYC area. You can use this information to your advantage to increase your reach. One way would be by sending content to these customers based on their time zone. You could create content that’s more relevant to them, or even consider opening a store in the area.

3. Use Visuals

When leveraging the insights you’ve gathered into your customers from the data that you’ve collected and organized, you should strongly consider creating more visual content. While written content can be effective as well, it’s worth noting that the human brain processes imagery 60 times faster than it’s capable of processing text. If you want to take advantage of those insights, you should create more visual content. Even adding pictures to your written content can be extremely helpful when it comes to engaging your audience.

One of your main marketing goals should be building better customer relationships. To do this, you need to make effective use of the customer data that you already have access to. Use the customer data that you’re constantly collecting by organizing it and gathering insights based on it. Then leverage it to your advantage by creating visually engaging content.

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Omnichannel Personalization

Omnichannel Personalization: Creating a Seamless Customer Experience

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As customers become more connected, their expectations for a seamless and personalized experience continue to change. Nowadays, customers use multiple channels to research, compare, and purchase different products, creating a complex web of touchpoints that businesses must navigate. That’s where omnichannel personalization comes in to help businesses deliver unique experiences to each customer, regardless of where they are in their customer journeys.

In the sections below, you’ll learn more about omnichannel marketing and personalization, including tips for creating a seamless customer experience that drives loyalty and revenue.

Understanding Omnichannel Personalization 

Omnichannel personalization is a customer-centric marketing approach that uses data and technology to create a more personalized and relevant shopping experience for customers. It involves collecting and analyzing data from multiple channels, including online and offline interactions, to gain insights into customer behavior and preferences.

This marketing approach enables businesses to create a consistent customer journey that meets varied and unique customer expectations. By providing a more personalized experience, businesses can increase customer loyalty, reduce churn, and drive more revenue.

What Makes Up Omnichannel Marketing and Personalization 

Over the years, disruptive technologies such as Machine Learning, big data, and data science have given rise to hyper-personalization. Here, businesses are expected to deliver cross-channel experiences tailored to the customers’ needs, behaviors, and preferences. Below are the key factors you should implement if you are looking to provide the best possible customer experience.

1. Marketing Automation 

Marketing automation involves using software to automate repetitive tasks such as social media posting and email marketing. It saves time and helps provide a more personalized experience for customers. Benefits of marketing automation include increased sales productivity and a reduction in marketing overhead.

Companies using marketing automation to nurture prospects see a significant increase in qualified leads, which results in larger purchases. A survey by Annuitas Group found that businesses that use marketing automation see up to a 451% increase in qualified leads. These leads also make purchases that are 47% larger than the non-nurtured leads.

2. Customer Data Collection 

Collecting relevant customer data is crucial to refining your marketing strategy and improving the customer experience. This data can be quantitative, like website bounce rates, or qualitative, like customer reviews. With the right analytics tools, you can gather information about demographics, customer behavior, and brand sentiment.customer data collection

Customer data collection helps retailers better understand their customers and provide an omnichannel experience. To do this effectively, you need a robust customer data platform to gather, store, and analyze the available data.

3. Optimized Website Design

When optimizing your website design, you should create web pages that work well on mobile devices, tablets, and desktops. If your website isn’t responsive, it won’t display properly on smaller screens. Always ensure that your website provides a consistent experience to every customer, regardless of which device they use to view it. You should also prioritize website navigation design to ensure users can easily browse your website, find what they’re looking for, and easily make purchases.

4. Social Media Integration

As the name suggests, social media integration extends your marketing efforts by directing your social media followers to your website or app. It’s also a way of making your social platforms more accessible to your target audience and customers. Brands must integrate all their customers’ social media networks into their omnichannel setup.

Ecommerce brands, for instance, can use social media integration tools to import and display user-generated content on their ecommerce sites automatically. This can help build trust with potential customers and drive conversions.

5. Multichannel Analytics

Multichannel analytics is a process that merges data from different sources into a single location. This makes it easier for businesses to monitor sales across multiple channels. For instance, if a business owner owns three online stores, they can aggregate the data from each store into one location with the help of multichannel analytic tools.

By doing so, they can understand their customers and their behavior on the website, which can help them plan effective promotion campaigns that are more likely to convert. Multichannel analytics also allows businesses to track the effectiveness of their omnichannel marketing strategy, so they can optimize performance while reducing cost.

 

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Benefits of Omnichannel Personalization 

Personalizing customer experiences and prioritizing their needs and expectations can greatly impact your business. Below are some of the key benefits of embracing a customer-centric marketing approach.

1. Enhanced Customer Experience 

Omnichannel marketing enables businesses to offer customers personalized experiences tailored to their preferences and behaviors. By leveraging data from multiple touchpoints, brands can send customized messages, showcase relevant products, and provide exceptional customer service. A seamless and personalized experience boosts customer satisfaction and improves loyalty.

2. Increased Sales and Conversions  

Personalized customer experiences increase the likelihood of converting prospects by providing relevant and timely interactions. By catering to each customer’s unique preferences, businesses can improve the customer journey and encourage purchases. Omnichannel marketing and personalization have been shown to increase annual sales and customer lifetime value, directly boosting business growth.

3. Lower Customer Acquisition Costs

Creating a personalized omnichannel experience helps retain customers and reduces customer acquisition costs. By providing relevant interactions, businesses can increase customer loyalty and target their advertising spending more efficiently. This approach helps companies optimize their marketing budget and reduce the cost of acquiring new customers.

4. Cost Optimization

By analyzing customer behavior data, brands can identify the most effective channels to reach their target audience. With this knowledge, businesses can optimize their marketing stack, streamline processes, and reduce costs associated with operating multiple channels. Omnichannel personalization helps to optimize resources, reduce waste, and ensure efficient use of budgets while delivering a seamless customer experience.

Getting Started With Omnichannel Personalization 

Implementing an omnichannel marketing strategy is a complex process requiring technological and organizational alignment. To get started, you need to get buy-in from top management, set measurable goals, and build a strategy around those goals. You should also conduct a data inventory to understand the available data and how to use it to achieve your objectives. Additionally, it’s important to establish an internal governance model for executing your omnichannel strategy before creating a roadmap.

To simplify the implementation process, you can start small by focusing on the most valuable use cases and existing touchpoints. This approach is more practical and essential as the boundaries between the digital and physical worlds continue to merge. By taking small, manageable steps towards omnichannel personalization, you can gain a competitive edge and improve customer experience across all touchpoints.

 

 

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Six Steps To Better Use Of Marketing Analytics & Dashboard

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Using marketing analytics is essential to being able to judge the performance of your marketing efforts. They allow you to see what is and isn’t working in real time, thereby letting you adjust your strategy. Not only do marketing analytics improve your marketing efforts, but they also make you much more efficient. You don’t end up wasting a lot of time and money on tactics that aren’t working.

Considering what an essential part your marketing analytics dashboard plays in the effectiveness of your marketing strategy, it should come as no surprise that marketing analytics continue to grow in importance, with many companies devoting bigger and bigger portions of their budget to their analytics capabilities. To ensure you’re making the most out of your marketing analytics dashboard, be sure to follow these six steps:

1. Embed Analytics Into Marketing Decisions

Analytics should not be a mere complimentary tactic to your marketing strategy that allows you to see how you’re doing — it should be an important part of the marketing decision making process. Once you begin using analytics, you should use the data you’ve gathered from previous campaigns to help inform future campaigns and strategies.

2. Use Your Analytics For A Better Understanding Of Your Customer

Marketing analytics can help provide you with incredible insight into your customers, thereby providing all kinds of opportunity for growth. The challenge is in collecting data from a wide range of data points. The reason that this is a challenge is that there are often barriers between marketing, operations, and sales data. If you can gather and analyze data from all three of these facets of your business, you’ll be able to get a more complete picture of your customer, thereby allowing you to form a much more effective marketing strategy.

3. Develop And Hire Talent That Understands Marketing Analytics

Marketing analytics is unique in that it requires analytical thinking to read and understand the data, but it also requires creativity to put that data to use in actionable steps. You’ll want to focus on developing and hiring talent that understands both the science of analytics and the art of analytics, which is no easy feat. However, having such individuals on your team will help you get the absolute most out of your marketing analytics.

4. Organize Your Analytics Operating Model

If you’re going to embed your marketing analytics dashboard into your company’s marketing decision-making process, then it’s important that you organize its operating model to reflect how decisions are made. For example, if your company makes your marketing decisions by brand, then you might want to dedicate analytics resources.

The Buyers Journey Explained Stage By Stage

5. Focus Marketing Analytics On New Opportunities

One of the common traps companies fall into is using their analytics to adjust their marketing tactics on current strategies. While you should certainly do this, you should also leverage certain marketing analytics, such as data mining and predictive analytics, to find new opportunities, such as new marketing strategies, new business models, new markets, and more.

6. Learn When To Measure And When To Act

The use of analytics allows you to analyze and measure data at any time, but knowing when to act on that data you have can be tricky. There’s the temptation to want to wait until you can measure everything and obtain more data before making key decisions. Waiting too long can cause you to miss out on potential opportunities. On the other hand, constantly acting on the data you have can be a serious mistake as well. Many strategies do take time before you’ll begin seeing results.

As you know, using analytics will help you get the most out of your marketing strategy. These tips will help you get even more out of your marketing analytics dashboard.

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case study questions

Top Benefits of Using Case Studies For Your Business

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Consumers are a lot less susceptible to fancy sales pitches in this day and age, which is why the use of case studies can be very effective in building brand trust. Many consumers will ask friends and family for recommendations or look up online reviews before doing business with a particular brand. They do this because they simply trust other consumers more than they are willing to trust a brand. It’s due to these reasons that you should consider using case studies. We’ve gone over the case study questions you should ask, but the following is some information on what they actually are and how case studies benefits your marketing efforts:

What are Case Studies?

Case studies are similar to testimonials in that they provide audiences with an account of previous customer experiences with the brand. However, testimonials are typically basic interviews that function as little more than positive reviews. Case studies are more in-depth and concern the entire process that the customer went through. Basically, it’s a depiction of their buyer journey and how your business helped to fulfill their needs from beginning to end. This allows for an element of storytelling that’s much more engaging

What are the Case Studies Benefits?

Although case studies require a lot more effort to put together than the typical testimonial, it’s well worth the time and resources required. Many businesses will even produce their case studies as video content that their audiences can watch. The following are just a few of the benefits of creating case studies:

Build brand trust

Case studies are extremely effective in building trust because of the very fact that they represent the viewpoint of your previous customers. Instead of you telling your audience how great your brand is and how effective your products or services are, you’re having your customers do it for you. Not only do audiences trust other consumers more than they trust companies, but by allowing your previous customers to tell their stories, they are basically endorsing your brand, which gives your business more credibility.

Engage through storytelling

Simply having customers tell the audience that your product is great is just a basic customer testimonial. It’s not that interesting, nor is it very engaging. Case studies are more concerned with telling the story of the customer. The customer is the hero, their problem is the conflict and your brand’s solution is the resolution. The use of storytelling helps to make a brand much more relatable and will allow your audience to see how you fulfilled that customer’s need at every stage of the buyer journey.

Click here to learn the six C’s of story branding

Identify brand evangelists

To find the subjects of your case studies, you’ll need to speak to several clients or customers and request that they participate. Those that are willing are your brand evangelists. They are offering to tell their story because they believe in your brand. Knowing who your brand evangelists are is helpful because they can help improve your brand reputation through word-of-mouth marketing.

Assist your sales team

Having an assortment of case studies available on your site can be hugely beneficial to your sales team. This is because they can recommend prospects to watch specific case studies of previous customers who may have had similar problems. This, in turn, can help them close deals.

As you can see, case studies can be very beneficial to your marketing efforts. If you are not already using case studies in your business, we encourage you to give them a try. They are a powerful tool that can help you achieve a variety of goals.

 

lead generation tips

 

What’s Trending In Marketing For August 2023

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Hello and welcome to our August 2023 edition of “What’s Trending,” where we bring you the most relevant marketing news and insights. This month, we dive into the revival of an infamous fast food mascot and explore current trends to watch out for in the summer of 2023. Stay informed and ahead of the game with our curated collection of marketing updates and reports.

Noteworthy Marketing News

 

Quiznos eyes comeback as they bring back Spongmonkeys mascots. 

In a new ad campaign from the famed sub sandwich company plans to bring back the creepy corporate mascots, the Spongmonkeys. After years of decline and a 2014 bankruptcy, Quiznos is making a comeback by franchising new locations. The quirky rodent-like characters aim to revive the brand’s popularity. With just over 150 locations left, Quiznos is determined to regain its place in the restaurant industry and attract customers with the nostalgic return of the Spongmonkeys. Read more here. 

Twitter loses almost half of advertising revenue since Elon Musk takeover.

Since Elon Musk’s $44bn acquisition of Twitter in October, the platform has faced a substantial 50% drop in advertising revenue. The company’s anticipated sales growth in June did not materialize, though July showed some promise. Musk’s cost-cutting measures, including laying off about half of Twitter’s staff, aim to address the platform’s struggles. Meanwhile, rival app Threads has gained traction with an estimated 150 million users, while Twitter grapples with heavy debt and negative cash flow. Despite challenges, Musk aims to turn the platform around. Linda Yaccarino, the new CEO, emphasizes video, creator, and commerce partnerships to boost ad sales. However, the road to recovery may be prolonged due to pre-Musk revenue declines and competition. Read more here.

Netflix scraps low-tier ad free plan.

Netflix’s ad-free $9.99/month basic plan is being discontinued in the US and UK, impacting both new and returning members. However, existing users have the option to keep their current plan until they decide to cancel. Alongside this move, Netflix is introducing a new $7/month plan with commercials. This decision is part of the company’s strategy to diversify its revenue streams and remain competitive in the rapidly evolving streaming market. Notably, Netflix’s recent emphasis on its ad-supported tier has yielded positive results, attracting nearly 5 million monthly users and creating an enticing opportunity for advertisers. Read more here.

Improving Your Marketing Program 

 

Core Difference Between Buyer Journey vs. Customer Journey.

Discover the core difference between the buyer journey and the customer journey in this insightful article. Uncover the stages consumers go through before making a purchase decision and how businesses can nurture relationships post-purchase to build brand loyalty and create brand ambassadors. Learn valuable strategies to engage customers and ensure the long-term success of your business. Don’t miss out on these essential insights! Click here to read the full article.

The Importance Of Lead Generation Content Marketing.

Learn the power of lead generation content marketing in boosting your business growth and attracting potential customers. Discover how to create compelling content that converts prospects into loyal leads, standing out from tough competition. Quality content with specific purposes and formats, along with consistent publication, helps build trust and credibility with your audience. Don’t miss this opportunity to transform your company’s online presence. For a consultation, visit the link below and take the first step towards a successful content marketing strategy. Click here to read more.

8 Reasons to Invest in OTT Marketing.

Discover the top 8 reasons to invest in OTT marketing. With close to 200 million streaming viewers expected in the next few years, OTT advertising reaches a massive audience. Target your audience more effectively using GPS and behavioral data. Unlike traditional TV ads, people engaged in streaming content are more likely to watch entire ads. Personalized OTT ads improve engagement and yield better data on viewers. Flexible campaigns allow real-time adjustments for improved results, and A/B testing helps fine-tune your strategy. Paying for ad views, OTT ads offer a cost-effective and high ROI approach to complement your inbound marketing efforts. Read more here. 

Recent Marketing Reports, Updates, and Trends

 

As we enter the peak of summer ’23, the advertising realm is abuzz with thrilling trends. Artificial intelligence continues to transform content creation with innovative and easy to use tools such as, chatGPT and Jasper.  Among Gen Z, Instagram Reels reigns supreme as the favored social medium, offering brands an avenue to showcase authenticity and engage viewers. Short-form videos dominate summer marketing campaigns, while Influencers maintain their impactful role in fostering genuine connections. These are just a few of the key trends shaping the industry this season. To discover more about these trends and beyond, explore the full article here.

How does ‘Estimated read time’ in your meta description impact SEO?

In a recent poll by Search Pilot, the impact of adding “estimated read time” to meta descriptions was examined. While many believed it wouldn’t affect organic traffic, some thought it could be positive. However, the majority’s prediction was correct, as the display of estimated read time had no noticeable impact on site traffic. This finding highlights the importance of SEO testing and being cautious when following competitors’ actions. The article showcases the significance of user polls in understanding marketing trends. Read more here. 

Hootsuite’s Social Media Trends 2023.

The 2023 social media marketing landscape presents challenges due to economic uncertainties. Despite this, social media marketers enjoy increased budget and autonomy, as the profession matures. Successful marketers will carefully assess opportunities and consider long-term impacts in their strategies. The 2023 social media trends report offers valuable insights to navigate this defining year in the industry. Embrace these trends to optimize marketing strategies amid the evolving social media landscape. Read more here. 

 

Free Marketing Consultation

 

Keys Successful Price Reduction Strategy

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There are many reasons why you might be thinking about reducing the prices of a product or service. There are usually two main reasons: the product or service isn’t selling as well as you had hoped, or you’re looking to increase your customer base. A price reduction can help interest potential customers who may not have been interested before. However, if you plan on cutting prices, you need to implement effective price reduction strategy marketing.

Why is Price Reduction Strategy Marketing Important?

There are two critical reasons why you can’t just slash prices without a price reduction marketing strategy in place. First of all, nobody will know about the price change. Secondly, you don’t want those who do know to make the wrong assumptions about why you are changing the price.

Generating Awareness Of Your Price Reduction

If you don’t market the fact that you’re reducing your prices, nobody will know about it. This then defeats the purpose of lowering your prices in the first place. For example, if you are reducing the cost of a product because it isn’t selling well, then it’s still not going to sell well if nobody is aware of the price cut.

Informing Customers Why You Are Reducing Prices

If people don’t know why you cut prices, they will make assumptions. This can hurt your brand image. For instance, some customers might think that you’re discontinuing a product and are trying to get rid of the last of what you have left. Customers don’t want to buy a product if a newer version is coming out soon after.

What Are The Keys To Effective Price Reduction Strategy Marketing?

When you cut the price of a product or service, you should have a goal in mind. After all, why else would you reduce prices? Whatever your goal might be, you’ll want to keep it in mind as you develop your marketing strategy. A good price reduction marketing strategy should include the following:

  • Provide A Reason

If you don’t justify your price cut, your target audience may become skeptical about why you’re doing it. You need to have a good reason. For example, maybe you’re just having a sale to reward your customers. Or maybe it’s an ethical reason (such as temporarily lowering prices during the COVID-19 pandemic). If you’re permanently reducing the price, you should provide an explanation as well.

  • Research Your Competition

If you’re trying to price your product more competitively, then you should do some competitive research. How much are your competitors charging for similar products or services? If you’re temporarily reducing prices, then you might want to make them even lower than your competition. Doing so can help you steal customers who are willing to try your product or service due to the low price.

  • Establish A Timeline

Is your price cut going to be permanent or temporary? If it’s temporary, you should market it as such. You’ll want to note exactly when you plan on reducing the price. You should also mention how long it will remain at that price point. This way, customers who want to take advantage of your price reduction won’t miss out. The last thing you want is for customers to not make the purchase because they didn’t know that your price cut was temporary.

  • Consider Your Buyer Personas

Consider how a price change will affect your buyer personas. You might not realize it, but reducing the price isn’t always the best way to increase sales. This is especially true if your buyer personas are on the wealthier side. These personas are likely looking for a premium product or service. If you lower the cost of your product significantly, it may lose the perception of luxury.

Why Are Buyer Personas So Important?

  • Focus On Features

One of the biggest mistakes that companies make is to focus solely on the price cut. While the price reduction will attract many customers, it’s not the main reason why they will make the purchase. It’s the features of your product or service. Focus on the features that make your product or service worthwhile. The features are what provide the real value, after all.

Implement A Successful Price Reduction Marketing Strategy Today

Reducing the price of your product or service can help you increase sales and your customer base. If you take the time to develop an effective price reduction marketing strategy, it will result in both a short-term impact and a long-term impact (even if you’re only reducing prices temporarily).

buyer persona guide for business