What’s Trending in Marketing of April 2024

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Step right into our April 2024 edition of “What’s Trending in Marketing,” your portal to the freshest marketing trends and insights. Stay ahead of the curve with our collection of marketing trends and reports for the 2024 year.

Additions in AI Advertisements

Meta, the parent company of Facebook and Instagram, is making it easier for brands to reach consumers with AI-powered tools. They’re introducing new features to personalize advertising campaigns, like creating multiple versions of ads tailored to individual users. Additionally, they’re offering personalized product recommendations based on what users have browsed and liked. These tools are available on both Facebook and Instagram, aiming to make shopping experiences more seamless and impactful. Read more here. 

people on arrow pointing to target

Brands Values and Their Customers

To keep your customers happy, it’s important for your brand to reflect their values. Most shoppers want brands to share their beliefs. Many have stopped buying from companies whose values clash with their own. To stay connected with customers, brands will focus on showing what they stand for. A survey found that nearly half of marketers plan to invest more in creating content that highlights their brand’s values. Only a small minority will decrease their investment. This shows the increasing importance of authenticity and alignment in fostering lasting relationships with customers. Read more here. 

The Rise of Podcasts

Given the surging popularity of podcasts and online audio, marketers are increasingly recognizing the value and potential of these platforms for reaching and engaging with audiences. In a survey conducted on marketing trends for 2024, 82% of marketers expressed their intentions to either increase or maintain their investment in podcasts and audio content. This signifies a strategic shift in marketing strategies. More emphasis is placed on leveraging the power of audio to connect with consumers in meaningful ways. Overall, the continued growth of podcasts and audio content presents an opportunity for marketers to expand their reach and build brand awareness. It also allows them to foster deeper connections with their target audience in the evolving digital landscape. Read more here.

Learning Marketing Trends and Ideas

Interactive Email Marketing Trends

In today’s competitive online marketing scene, you have to stand out. To do this, businesses are turning to interactive email strategies. These interactive emails go beyond traditional text and attachments. They offer engaging features like animated GIFs, navigational menus, integrated forms, rotational banners, and sliders. Not only do these elements add visual appeal, but they also improve the overall user experience. This encourages active engagement and interaction with the brand’s message. Google’s enhanced compatibility ensures seamless viewing across devices, while emerging trends like key frame animation and cinema-graphs add even more excitement. Interactive emails not only catch customers’ attention but also streamline user experience, making them a vital tool in modern marketing strategies. Read more here.

Innovative Video Strategies to Transform Your Senior Living Marketing

Digital technology has revolutionized marketing for senior living communities, offering unprecedented opportunities to engage potential residents and their families. Video content, in particular, is a powerful tool for showcasing the amenities, values, and lifestyle senior living communities offer. As seniors increasingly embrace digital platforms, mastering video marketing is crucial. Videos can tell authentic stories, educate viewers, and provide virtual tours, all of which are essential for attracting and informing prospective residents. Leveraging digital strategies like SEO optimization and YouTube presence enhances the reach and impact of video marketing efforts, allowing communities to connect meaningfully with their audience and foster trust in the decision-making process. Read more here.

How Brands Market To the Different Generations

Generational marketing targets different age groups in order to better meet their unique needs and preferences. Each generation has distinct characteristics that influence their consumer behavior and how they interact with marketing efforts. Baby boomers, for instance, value quality and respond well to email and TV ads, while Generation X prioritizes convenience and brand loyalty, engaging with social media and video content. Millennials seek authenticity and personal connection, favoring social media and influencer marketing, while Generation Z, the youngest segment of consumers, prefers an omnichannel approach and values brand ethics and authenticity. Understanding each generation’s characteristics is crucial for creating marketing strategies tailored to their behaviors and preferences, which allows you to effectively reach and engage with them. Read more here.

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Nano- or Micro-Influencer Marketing

More brands are leaning towards collaborating with nano- and micro-influencers instead of celebrities or big social media stars because they charge lower rates and still generate high engagement. Reports show that marketers prefer working with small-scale influencers, with nano-influencers charging between $5 to $25 for a TikTok post and micro-influencers asking for $25 to $125. These smaller influencers also boast higher engagement rates, meaning their followers are more likely to take action based on their recommendations. To ensure a positive return on investment, it’s crucial to collaborate with influencers whose followers match your target audience. Read more here.

woman using social media

Companies in Partnership Marketing

More brands are teaming up with others in their industry because it helps both parties achieve their goals. This collaboration can involve co-producing webinars, appearing on each other’s podcasts, or sharing each other’s social media content. For instance, Videowise partnered with other brands to promote their ebook. Partnership marketing allows brands to reach more potential customers by tapping into each other’s audience, connect with industry leaders for insights and assistance, and gain access to valuable resources like customer insights and industry data to enhance marketing campaigns. Read more here.

User-Generated Video Content

We’re likely to see more user-generated video content because potential customers trust it more than highly-produced brand videos. These videos, created by real customers who have used the product or service, carry authenticity that resonates with audiences and increases the likelihood of conversion. To encourage customers to share their experiences, brands can ask for honest reviews, host giveaway contests for video testimonials, or collaborate with creators who can provide genuine opinions in exchange for a fee. This approach saves time, money, and effort compared to creating highly-produced videos from scratch. By leveraging user-generated content, brands capitalize on the credibility and relatability that real customer experiences offer. This fosters stronger connections with their audience and drives engagement across digital platforms. Read more here.

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Digital Communication Tools to Help Build a Human Brand

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The success of your brand depends on much more than just convincing a potential customer to try your product. In the past, the customer experience has been based solely around the product being offered. These days, you need to look at the big picture. It’s not just about the customer experience in regards to your product. Instead, it’s about the emotional connection that customers are able to form with your brand.

Customers don’t just want a product, they want a relationship with the brand that is selling them that product. You need to focus on fostering an emotional connection with them instead of just trying to build awareness for a certain product. Fortunately, building an emotional connection with your audience is easier than ever before with the number of digital communication tools that are at your disposal.

relationship communication heart shape hands

The Importance Of An Emotional Connection

Customers are more than just transactions or data points. They are human beings with hopes, dreams, and feelings. In a world where their product choices are practically limitless, they will want much more out of a brand. They do not want to engage with a corporation. Customers want to engage with a brand that relates to them on a personal level. Their desire to have a connection with a brand in a world with product options that are virtually limitless is not surprising. A brand that is able to touch their customers emotionally is going to make their customers more engaged.

There are many ways that you can achieve this, like reinforcing the beliefs or perspective of your audience, supporting the goals or perspective of your audience, or challenging your audience to do greater things.

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How Digital Communication Tools Can Help Foster An Emotional Connection

Engaging on an emotional level with your audience is easier than it’s ever been, as long as you make the effort to do so. The following are just a few ways that digital communication tools can help you to connect with your audience emotionally and to build meaningful relationships with them:

  • person looking at digital communication

    Video content

    When it comes to content, few other forms are able to engage audiences on an emotional level like video content. There are numerous reasons for this. Firstly, people consume visual content much more easily than written content. They also consume visual content much more quickly than written content. Secondly, you can use actors or even real figures that audiences can relate to on a personal level. This will create a sense of empathy and connection. Thirdly, you can emphasize certain emotions much more effectively through video. The color grading, visual style, and cinematography of the video all help set the emotional tone. The sound effects and music used in the video further enhance its emotional impact. They can also be used to create atmospheres that evoke certain feelings. YouTube is the most popular platform for sharing video content.

  • Segmentation

    Segmenting your leads and customers based on the data you’ve collected (via opt-in forms, surveys, and more) will provide you with valuable insight into who your audience is. This will tell you how you can connect with them. Once you have segmented your leads, you can create content that speaks to each group’s needs and interests. Effectively personalizing your content will allow you to catch your audience’s attention. It will also make it easier to drive engagement.

  • Social interaction

    The use of social channels makes it easy to engage with your audience in a personal and direct manner. You can promptly answer their questions, respond to their comments, and address their concerns. Customers appreciate brands that listen and respond to their needs. You’ll have a bigger emotional impact on those who witness the interactions on social media as well. Remember, personal and direct interactions make it easier to build meaningful relationships with your audience.

Building a human brand will help you build long-term relationships with your audience based on real emotional connections. Use digital communication tools available to you, like video content, segmentation, and social interaction, to emphasize emotion in your marketing efforts. Doing so will help your audience relate to you on a more personal level, thereby driving engagement with your brand.

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Asian Graphic designer working in office For Logo Design

The Modern Logo Design Trends of 2024

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When it comes to branding, the importance of a compelling logo cannot be overstated. A well-crafted logo isn’t just a passing marketing trend. It serves as the cornerstone of your brand’s identity, encapsulating your ethos and distinguishing you in a crowded marketplace. As we delve into the trends of 2024, it becomes increasingly clear that modern logo designs are pivotal in crafting a memorable brand image.

The Evolution of Logo Design

The digital age has ushered in a wave of innovation in logo design, with modern aesthetics taking center stage. The shift towards simplicity and minimalism continues to dominate, as brands strive for clarity and instant recognition. Among the standout trends:

  • Minimalist Designs: The minimalist trend emphasizes simplicity, focusing on essential elements to create a strong impact. This approach removes any clutter, allowing the brand’s core message to shine through clearly, making a memorable impression on the audience.
  • Bold Typography: Modern logo designs are increasingly adopting bold typography to make a powerful statement. By utilizing unique and strong fonts, these logos capture attention and convey the brand’s personality effectively. This trend highlights the importance of typography in establishing a brand’s identity.
  • Handmade and Calligraphic Elements: Incorporating handmade and calligraphic elements into logo designs adds a distinct personal touch that differentiates a brand in the digital space. This trend celebrates the beauty of human touch and craftsmanship, offering a warm contrast to the often cold digital environment.
  • Dynamic and Adaptive Logos: The evolution of modern logo designs has led to the creation of dynamic and adaptive logos. These logos are designed to be versatile, easily adjusting to various platforms and devices without losing their essence. This flexibility ensures consistent brand representation across different media.

logo design process optionsThe Importance of a Distinctive Logo Design

A logo is not merely an image; it’s the first point of interaction with your audience. Modern logo designs serve as a powerful tool in conveying your brand’s values and mission at a glance. They foster brand loyalty and recognition, making your brand memorable in the vast digital landscape.

Why Handcrafted and Calligraphic Logos?

In an era where digitalization is ubiquitous, handmade and calligraphic logos offer a breath of fresh air. They bring a human touch to your brand, making it feel more approachable and authentic. These designs stand out for their uniqueness, ensuring your brand leaves a lasting impression.

Steering Clear of AI in Logo Design

While AI offers convenience and speed, it lacks the nuance and personalization that a professional designer brings to the table. AI-generated logos often miss the mark on originality and relevance, failing to capture the essence of your brand. Here’s why you should avoid AI for your logo design:

  • Lack of originality and uniqueness: Modern logo designs risk becoming indistinguishable when creativity is sidelined. A logo that lacks original elements fails to stand out, blending into a sea of competitors rather than carving out a unique identity in the market.
  • Limited understanding of your brand’s deeper narrative: A logo should be a reflection of your brand’s story and values. Without a deep understanding of what your brand stands for, a logo may fall short in communicating the essence and depth of your brand’s narrative to the audience.
  • Potential for generic and impersonal results: When logos are crafted without a personalized approach, they risk being perceived as generic and impersonal. Such designs do not resonate with the target audience, missing the opportunity to establish a meaningful connection and loyalty to the brand.

The Value of Professional Expertise

After exploring the latest trends in modern logo designs, it’s evident that professional input can elevate your brand’s visual identity significantly. A skilled designer can interpret your brand’s ethos and translate it into a logo that resonates with your target audience. They bring a strategic approach to design, ensuring your logo is not only trendy but also timeless and adaptable.

man using computerCrafting a Logo That Stands the Test of Time

As you consider refreshing your brand’s logo or creating a new one, remember the importance of aligning with modern logo designs while maintaining your unique brand identity. Here are a few tips to ensure your logo remains relevant and impactful:

  • Prioritize simplicity and clarity: In modern logo designs, simplicity is key. A clear, uncluttered logo not only captures attention but also ensures easy recognition. Striving for a design that communicates your brand’s essence, including your primary site colors, without unnecessary complexity can lead to a more memorable and effective logo that resonates with your audience.
  • Ensure versatility across various media: A versatile logo performs well across different platforms, from digital screens to print materials. When designing your logo, consider its appearance on various backgrounds, sizes, and formats. This adaptability ensures consistent brand representation, whether on a business card, website, or billboard.
  • Reflect your brand’s ethos and values: Your logo should be a visual embodiment of your brand’s principles and beliefs. It’s crucial that the design conveys your brand’s personality and core values, creating an emotional connection with your target audience. This alignment helps build trust and fosters brand loyalty among your customers.
  • Stay informed about emerging design trends: The digital marketing landscape is constantly evolving, and so are design trends. Keeping abreast of these changes can inspire innovative logo designs that set your brand apart. However, while it’s important to be trendy, you must ensure your logo retains a timeless quality that won’t feel outdated as trends shift.

Embracing Modernity in Branding

The right logo can significantly contribute to your success by increasing brand awareness and brand loyalty. By embracing modern logo designs, you position your brand as forward-thinking and relevant. However, the true essence of a remarkable logo lies in its ability to tell your brand’s story compellingly and memorably. As we move forward, the collaboration with a professional designer becomes not just a choice but a strategic investment in your brand’s future, ensuring your logo not only captures attention but also encapsulates the very heart of your brand. Contact Us today to learn more or schedule a free consultation.

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4 Tips For Creating a Successful Visual Identity

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Your visual identity is different than your brand identity. But your visual identity, however, does play a part in helping to create your overall brand identity. The visual branding elements help to create the specific feeling and experience you’re trying to invoke from your brand. This includes everything from your logo to the images you use, the font of your text, the colors of your website, and more. The following are a few tips to help you create an effective visual identity:

4 Tips For Creating a Successful Visual Identity

1. Keep Your Audience In Mindattraction marketing

The focus of your visuals should be to engage your audience and to connect with them. If you’re representing a funeral service, then a loud logo with bright colors is probably not going to do a good job of connecting with your audience. To ensure that the visual content you use is in line with who your audience is, make sure that you create your buyer personas first before you begin implementing a strategy for creating a visual identity.

2. Create A Logo That Supports Your Brand’s Core

The logo you create to represent your brand needs to represent its identity, its mission, and its business. You might have a really cool logo, but if it doesn’t do any of those things, then it’s a useless visual and a poor representation of your company. Take, for example, Amazon. Their logo is very simple–it’s just the letters “amazon.com.” However, there’s an orange arrow underneath pointing from the letter “A” to the letter “Z.” It visually shows that they have everything from A to Z on their site.

3. Make Sure Your Visuals Are Consistent

To create a strong and sucessful visual identity, your visuals need to be consistent throughout. For example, if you use yellows and blues in your logo, it’s going to be confusing if your website’s design elements focus mostly on shades of red. It may look good, but consumers won’t be able to tie these visual elements to your brand because they are too different from one another. This goes for other elements as well, such as text. If you are using different fonts throughout your website, it will weaken your visual identity. Pick one or two fonts that best represents your brand and stick with them.

4. Make Sure Your Visuals Are High Quality

It doesn’t matter how thought out your visuals are, how relevant they are to your audience, and how consistent they are if they aren’t of high quality. Poor quality images or visual content of low aesthetic value will leave a negative impression on your audience. If your visuals aren’t aesthetically pleasing, consumers are likely going to assume your products and/or services aren’t of much higher quality either.

These are a few tips that should help you create a visual identity that properly represents your brand and that connects with your target audience. A strong visual identity will help you to create a stronger brand identity, which will only help to increase your brand awareness and trust.

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brand storytelling examples

How To Create A Brand Story

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Storytelling is an ancient art form, which has scientifically been proven to aid memory, making it the ideal vehicle for promoting products and creating successful branding. Learning how to tell your brand story begins with understanding the role of characters.

At the heart of the story lays the characters. It is through your characters that you connect with your customers. If your story does not have believable characters, then your potential customers will not connect with you, find your branding believable, or create an emotional connection with your story.

How To Create A Brand Story

Starting with Archetypes

Your brand persona reflects your customers understanding of your brand’s behaviors and values. The persona must appear human and exhibit traits that the customer recognizes, such as courage, persistence, and imagination. They need to be able to create an emotional connection with your persona. Your story’s characters play a vital role in shaping this relationship.

super heroFor compelling brand story, it needs strong, well-drawn, and quickly recognized characters, which your customers can relate to and see themselves in. To achieve this, you need to begin with archetypes. Hero, villain, mentor, caregiver; these are archetypes that are easily recognizable and relatable to. They are found in all stories throughout history, from Ancient Greek classics to modern fantasy tales. However, an archetype on its own is two-dimensional, so it needs to be personalized to make it believable.

Developing a Believable Persona through Relatable Characters

Your characters must grow from these archetypes. Otherwise, they will remain flat and hold no emotional connection with the customer. Achieving this involves creating a brand story for your characters without losing consistency. This enables the customer to see them as multi-dimensional.

Through those character stories, you develop your brand persona’s attributes. The attributes your persona portrays will be the ones your customer associates with your company, so these need to be chosen carefully. You might want to consider qualities such as courage, decisiveness, determination, work ethic, honesty, flexibility, responsibility, and curiosity.

An example of good brand storytelling and excellent character creation is Guinness. Consider the company’s latest campaign with the guys that have turned their backs on the gang culture of Compton, and are instead saving horses. The archetypes are good versus evil, but the characters stories make them relatable and give an overall caring, yet brand persona for Guinness.

Defining Your True Brand Story and Bringing it to Life Online

Creating a Relatable Persona

As well as being believable, your brand persona must be relatable. If your target customer group is young women, then having a brand persona that your audience consider to be a middle-aged businessman is not going to make your brand relatable. If your customers cannot relate, then they will not feel connected to your brand and are unlikely to believe your promises, mission statement, or aims. You need to know who it is you want to connect with before you even begin to develop your persona.

The customer may never see any of this directly, but they will instinctively know if you have not considered these elements as it will show in the consistency–or lack thereof–of your brand storytelling. If you are unsure of the importance of characters in how to tell your brand story and create your brand persona, go back to your favorite work of fiction and imagine that work without the attention to detail that has been poured into each character.

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6 Reasons Why You Should Attend a Conference

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There are hundreds of manufacturing conferences that are held every year around the country. As the owner of a manufacturing business, it would do you a lot of good to attend just one of these conferences. Unfortunately, many business owners don’t take the time to attend any of them. There’s a chance that you may not have gone because you simply weren’t aware that these conferences were being held. It’s more likely that you’re afraid that they won’t be worth your time. As a business owner, time is precious. You don’t want to waste what time you have traveling to and from a conference that may have nothing new to offer. If this is your line of thinking, then you should strongly reconsider. The following are six significant reasons why you should attend a conference:

6 Reasons To Attend a Conference

1. Find New Prospects

Building relationships with existing clients shouldn’t be your only goal. You’ll find that conferences are attended by many prospects as well. They may be looking to educate themselves about the industry before they even choose a manufacturer to work with. This allows them to make a more informed decision. As such, these conferences are a great opportunity to introduce yourself to potential prospects, thereby giving you a better chance at closing new customers.

2. Build Relationships With Existing Clients

There’s a very good chance that you’ll run into existing clients at one of these conferences. Clients often attend a conference in order to better educate themselves about the industry. Doing so gives them the confidence that they’re investing their money responsibly. They also use these conferences as a way to network. By showing up as well, you’ll be able to interact with existing clients and to build your relationships with them. Not only is it a great opportunity to re-engage, but they’ll also see that you’re making the effort to improve your business. This, in turn, helps to build trust in your brand, which will improve your chances of turning them into brand evangelists.

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3. Meet Experts And Influencers

Networking with clients and potential clients is important, but those aren’t the only people worth meeting at these manufacturing conferences. You will also listen to and meet numerous experts and influencers within your field. Building relationships with these people can be incredibly beneficial as well. For example, experts can provide you with advice that can help you solve issues that your company is currently having. Influencers can be key in helping you find new customers or discovering new markets that your company could enter.

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4. Learn New Approaches And Ideas

Attending conferences isn’t just about networking (although it’s an excellent opportunity to do so), it’s also about learning. Most conferences will schedule a list of speakers from throughout the industry. They will also hold numerous workshops that you can participate in. It’s a great way to better educate yourself about your industry and to learn about new approaches and ideas about the manufacturing process, your business strategy, or your marketing strategy, to name a few potential subjects. As a business owner, you should always be looking for ways that you can improve your company. Knowledge is power when it comes to not just surviving in the industry, but succeeding in it.

5. Stay Updated On New Trends

Staying up to date on all the latest trends within the manufacturing industry can be a real challenge in itself. Not only do you need to keep up to date with the latest technologies, tools, and strategies, but you need to figure out which are worth implementing. Conferences are a great way to learn about the latest trends. For example, new manufacturing technology may be presented at the conference you can learn about. Additionally, going to a conference is a good way to learn about the trends that are actually worth following, thereby giving you a better idea as to whether they will benefit your company.

6. Speak About Your Own Business

Conferences give you the chance to speak publicly about your business. This can help to generate interest in what you’re doing, thereby building your brand name and reputation. However, it also provides you with practice pitching your company and its services. Refining this skill will come in handy whenever you’re speaking with prospects in the future.

These are six reasons why you should attend a conference. Attending a manufacturing conference can not only help to educate you about different aspects of the industry, but it can also help you stay up to date on the latest trends as well as to network with hundreds — if not thousands — of people within your industry that are worth knowing.

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Make A Difference

Beyond Pixels: Unconventional Non-Digital Marketing Ideas to Elevate Your Brand

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In a world dominated by digital marketing, it’s easy to overlook non-digital strategies. While online platforms offer incredible reach and targeting options, there’s something uniquely effective about tangible, real-world interactions. In this article, we’ll explore some unconventional non-digital marketing ideas to boost your brand without relying on screens and algorithms. 

Non-Digital Marketing That Creates Direct Interaction:

Handwritten Thank You Notes:
These days most communication is digital, receiving a handwritten note can be a delightful surprise. Send personalized thank you notes to customers, partners, or supporters to show genuine appreciation. 

Host Workshops or Classes:
Share your expertise by hosting workshops, classes, or seminars related to your industry. This positions your brand as an authority and creates opportunities for in-person connections with potential customers. Home Depot does a great job at this by hosting free workshops that educate and bring visitors out to their stores. 

Pop-Up Shops or Experiences:
Set up temporary retail spaces or experiential installations in high-traffic areas. This allows you to directly engage with potential customers and create a memorable brand experience. IKEA did this by creating fun pop-up stores. Even if your brand isn’t retail, consider creating a simple pop-up tent experience. It’s a good way to bring an experience closer to potential customers. 

Vehicle Branding:
Turn your company vehicles into moving billboards by incorporating your brand’s logo, colors, and messaging. This not only advertises your brand, but also adds a professional touch to your business operations. If you don’t have the budget for a full vehicle wrap, displaying your brands website url or a QR code in the window is a good way to bring awareness to your brand. 

Non-Digital Marketing That Increase Brand Visibility

Branded Merchandise:
Create custom-branded merchandise like apparel, mugs, or tote bags that people can use in their everyday lives. This not only provides value to your audience, but also turns them into walking advertisements for your brand. A word of caution: It’s easy to want to order all the same things other companies do, like can koozies, pens, etc. Really think about what branded items will really parallel your brand. Also, cheap is not the best approach as well. Getting one premium item vs many less expensive items can make a big impression.  

Read more about branding: The Power of Story Branding

Unique Packaging and Presentation:
Your product’s packaging is an often overlooked marketing opportunity. Consider creating distinctive, eye-catching packaging that sets your brand apart on the shelves and leaves a lasting impression. This past Halloween consumers were bombard with custom packages and flavors, all appealing to the emotion that coincides with the holiday. 

Sponsorship and Partnerships:
Forge strategic partnerships with other businesses or events that align with your brand values. This could involve sponsoring local sports teams, community events, or collaborating with influencers in your industry. Additionally, more brands are embracing the use of influencers because they already have an audience and they create the content using your brand. 

Unconventional Non-digital ideas

Guerilla Marketing:
Guerrilla marketing involves unconventional and often surprise tactics to grab the attention of potential customers. This could include things like flash mobs, street art, or unexpected pop-up events. It’s a bold way to create memorable brand experiences. 

Street Art and Murals:
Commissioning local artists to create street art or murals that incorporate your brand can be a visually striking way to engage with the community and generate buzz around your products or services. 

While digital marketing remains a powerful tool, there’s a world of untapped potential in non-digital strategies. Implementing these creative ideas can help your brand break through the noise and establish a meaningful connection with your audience in a tangible, memorable way. By thinking outside of digital, you’ll not only differentiate your brand but also create experiences that resonate with your customers on a deeper level. 

 

brand loyalty

The Brand Loyalty Of Generation X

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When customers buy products or services from the same brand every time, it is called Brand Loyalty. Even though there are other brand options available, customers prefer the same brand for their purchase. It is counted as a strong connection between a customer and a brand. Consumers like certain brands. They develop a trust that the brand’s products are of the right quality and a good value. That trust, along with other positive emotions, causes consumers to develop brand loyalty, where they tend to buy certain products from particular brands now and into the future. How brand loyalty works depends on many factors, age and status in life being two.

It is critical to understand how a particular generation develops brand loyalty. The insights gained by this understanding make marketing to the generation in question much easier. Let’s look at Generation X for example.

What Makes Generation X (Gen X) Unique?

Generation X is usually defined as those born between 1965 and 1980. This generation sits between the much larger Baby Boomer and Millennial generations. Because they are smaller than those two generations, many marketers forget they exist.

Members of Generation X straddle a critical divide. They remember times when Internet access wasn’t the norm. They grew up with a more traditional business model. However, they also came of age at the beginning of the Internet revolution. They have adapted quite well, using the Internet in many of the same ways their younger Millennial siblings do. By straddling this critical divide, Gen X feels comfortable in both traditional and digital marketing.

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Opinions of Gen X vary greatly. As Gen X came of age, they were called slackers, loners, and apathetic. However, as Gen X emerged into adulthood, the descriptions changed. They are often called independent, dedicated, savvy, and innovative. Many of this generation grew up as “latchkey” kids, coming home to an empty house because both parents worked.

Because they came of age during a time of high unemployment and a stagnant economy, Generation X tends to be skeptical and cautious, with a bit of cynicism thrown in. They also look for lower price, high-value options that are convenient.

Generation X and Brand Loyalty

In June 2015, CrowdTwist conducted an online survey of just over 1200 North American consumers between the ages of 18 and 69. Approximately 1/3 of the people who participated in the survey were part of Generation X. The results of this survey provided critical insights into how Generation X develops brand loyalty and how brands can retain that loyalty.

Due to this generation’s built in skepticism, brands have to work to gain their loyalty. High quality products and excellent customer services are two components that members of Generation X value. They also want brands that are authentic and trustworthy. They must be relevant and stay relevant. Brands must prove they have value. Marketing pitches and overt salesy advertising are two things that turn members of Gen X against certain products.

The good news is that Gen X tends to stick with the brands they love. Almost 50% of Gen X survey participants indicated they are extremely loyal or quite loyal to their favorite brands. Only 14.6% said they are quite willing or moderately willing to try new brands.

Also Read: Customer Engagement Strategy

Takeaways

If you are targeting Generation X, you need to understand what it values if you want to develop brand loyalty with this age group. They can be cynical, skeptical and cautious. That requires a company to prove their authenticity and relevance. Gen X wants high value, cost effective options. They expect good quality products at affordable prices. They also love it when these deals are easy to find and easy to purchase.

Once your brand earns the loyalty of a Gen X member, that person is likely to remain a loyal customer for years to come.

 

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How to Develop an Outstanding Business Development Plan

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Developing a great business development plan requires a strategic mindset, comprehensive analysis, and meticulous execution. This may involve pursuing new market opportunities, diversifying products or services, expanding into untapped regions, forging strategic alliances or partnerships, or enhancing customer engagement. The strategies should be realistic, measurable, and time-bound to ensure effective execution.

The business development plan should include a well-defined implementation process with clear responsibilities and timelines. It is essential to allocate sufficient financial and human resources to execute the plan effectively. Regularly monitoring and evaluating progress against the set targets is critical, allowing for timely adjustments and corrective actions when necessary. By creating a well-structured plan that aligns with the organization’s goals, identifying growth opportunities, and implementing effective strategies, businesses can position themselves for long-term success and remain competitive in a rapidly evolving marketplace.

Here are 8 proven steps to developing a winning business development plan:

1. Conduct a Comprehensive Business Analysis

Conduct a thorough analysis of various aspects of the business, such as market trends, customer demands, competition, and internal capabilities. This will provide you with invaluable insights to inform the development plan.

Through a comprehensive analysis, you can identify your business’s strengths, weaknesses, opportunities, and threats (SWOT analysis) and capitalize on your advantages while mitigating risks. It helps in understanding the market landscape, target audience, and emerging trends, enabling you to effectively align your development plan with market demands and customer expectations. Additionally, analyzing competitors’ strategies and industry benchmarks allows you to differentiate yourself from the crowd and gain a significant competitive edge.

2. Define Clear Goals and Objectives

Clearly defined goals and objectives provide a sense of direction and purpose, guiding the entire development process toward success. By setting specific, measurable, attainable, relevant, and time-bound (SMART) goals, you can effectively chart your path to growth and expansion.

Furthermore, clear goals and objectives provide a basis for evaluating the plan’s progress and success. They enable your organization to track key performance indicators (KPIs), measure performance against targets, and make data-driven adjustments if necessary. Regularly reviewing and assessing the progress towards these goals allows for continuous improvement and ensures that your plan remains aligned with the evolving business landscape.

3. Identify Target Markets and Ideal Customers

Identifying target markets and ideal customers enables you to concentrate your efforts, align your strategies with customer needs, and seize lucrative opportunities for sustainable growth and success.

Pinpointing ideal customers also empowers you to discover untapped opportunities and niche markets that align with your strengths and capabilities. This knowledge allows you to position yourself effectively, stand out from competitors, and tailor your offerings to meet the unique demands of your ideal customers.

4. Craft a Compelling Value Proposition

A compelling value proposition serves as the foundation that defines the distinct value your business offers to its target customers, setting it apart from competitors. By presenting a clear and engaging message, the value proposition becomes the linchpin of the plan, resonating with the intended audience.

Additionally, a compelling value proposition guides the strategic decisions and actions outlined in the business development plan. It assists in identifying target markets, shaping marketing strategies, and determining pricing and positioning approaches. The value proposition ensures that all activities and initiatives align with your business’s unique value, creating a unified and consistent customer experience.

5. Create Lead Generation Strategies

Lead generation strategies play a critical role in attracting potential customers and nurturing them into loyal patrons.

By implementing robust lead generation strategies, you can generate a consistent flow of qualified leads, nurturing them through the sales funnel and converting them into loyal customers. This drives revenue growth, enhances customer relationships, and fuels the overall success of the business development plan.

6. Establish Sales and Conversion Processes

Establishing effective sales and conversion processes can help streamline your operations and maximize the conversion of leads into paying customers. Having well-defined sales processes enables businesses to effectively manage leads and guide them through each stage of the sales funnel. This includes activities such as lead qualification, nurturing, and closing.

By implementing standardized processes, you can ensure consistency, efficiency, and effectiveness in your sales efforts. This helps identify bottlenecks, optimize the customer journey, and improve conversion rates.

7. Monitor, Evaluate, and Adapt

Monitoring involves tracking and evaluating the implementation of the plan’s strategies and goals to ensure effective and efficient execution. By monitoring progress, you can identify areas of success and areas that may require adjustment, enabling you to stay on track and achieve desired outcomes.

Regular monitoring allows you to assess key performance indicators (KPIs) and measure progress against set targets. This data-driven approach provides valuable insights into the plan’s effectiveness, enabling timely adjustments and corrective actions when necessary. Monitoring progress ensures you allocate resources appropriately and align activities with the plan’s objectives.

8. Build Strategic Partnerships

Strategic partnerships allow you to access new markets or customer segments that may have been difficult to penetrate independently. By leveraging the partner’s existing customer base or distribution channels, you can significantly accelerate growth and expand your customer reach more effectively. Moreover, strategic partnerships help in fostering knowledge sharing and innovation.

Bottom Line

Developing a successful business development plan requires a strategic and systematic approach. By following the steps outlined above, B2B organizations can drive customer base expansion, lead generation, and sales growth. Regularly monitor, evaluate, and adapt your plan to ensure sustainable growth and profitability.

Fostering a culture of innovation, adaptability, and continuous improvement is crucial for developing sustainable business growth. It encourages collaboration across different departments, facilitates knowledge sharing, and promotes a customer-centric approach.

 

visual storytelling

5 Brand Storytelling Examples To Learn From

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Your brand identity goes beyond your name, logo, and the products or services you provide. A brand identity is all-encompassing: it also includes your goals, your beliefs, and the feelings you elicit from your audience. To create a strong brand identity, you need to create a narrative that’s consistent across all channels. This is where brand storytelling comes in. Brand storytelling involves using storytelling techniques that bring together both facts and emotions to create your brand identity. The following are five brand storytelling examples that you should use as inspiration to help create and drive your own brand story:

1. Apple

Apple is arguably one of the greatest examples of successful marketing in the history of marketing. They were able to capture a small corner of a market dominated by Microsoft and, through the use of incredibly effective brand storytelling, turn themselves into a behemoth. Knowing that they were up against Microsoft, Apple decided that their message would be to go against the grain. They would position themselves as a revolutionary innovator. Their “think different” tagline showcases this, as does all of their other advertising. Their most famous ad is the most obvious example: the 1984 ad in which a woman defiantly smashes the screen with a sledgehammer.

How to Share Your Message With A New Brand Strategy

2. Ikea

Ikea has built its brand on the functionality and simplicity of its products, which they showcase using lighthearted humor. Their most famous commercial “Lamp” highlights this. It’s a commercial showing an old lamp being replaced and being thrown away. It’s a sob story until a narrator shows up to exclaim that the viewer is crazy to feel bad about the old lamp since it doesn’t have feelings, and the new one is much better. It gets a great laugh and emphasizes the need to update old products with newer, higher-quality versions.Brand Storytelling

3. Old Spice

Old Spice used to be a brand associated with older men. The word “old” certainly didn’t help. They altered their brand storytelling to emphasize that the scent of old spice was how men should smell. They used humor and great writing to convey this, but what made the storytelling particularly effectively was that they didn’t target men — they targeted women. Old Spice essentially focused on delivering a message to women about how their men should smell, so that they could influence men on Old Spice’s behalf.

4. SoulCycle

What’s interesting about SoulCycle is that it basically consists of a class full of people riding exercise bikes. That’s it. There’s nothing more to it. But their brand storytelling has lifted this simple service into something much greater. They have positioned themselves as a high-end fitness service that’s not just a service, but a lifestyle. This lifestyle includes the use of teachers who are essentially fitness influencers and classes that are almost club-like in their atmosphere. Members feel like they belong to a community, not a gym. Without their incredibly effective brand storytelling, you could argue that they would be a glorified gym with limited equipment.

5. Warby Parker

Warby Parker is a frame manufacturer that has positioned itself as a company that sells fashionable frames at reasonable prices. Their storytelling focuses on how they build their frames and on the customers that buy them. In fact, much of their content is user-generated, which helps emphasize that they are frames built for everyone. Their message gets across because they keep their brand storytelling simple and focused.

These are a few brand storytelling examples to keep in mind when crafting your brand story strategy. Successful brand storytelling will strengthen your company’s identity, thereby making it easier to evoke an emotional response from your audience and to build long-lasting connections with them. By implementing an effective brand storytelling strategy, you’ll be more likely to increase your company’s visibility, impact, and — eventually — profit.

Learn The StoryBranding Process