Category: marketing
Why you don’t want people to go to your website
How to master your social media in 2015
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| Image courtesy of Stuart Miles/freedigitalphotos.net |
- 71% of social media users are accessing it via a smartphone
- 49% of people are researching clothing or fashion
- 43% are researching electrical goods
- 29% are researching furniture homewares
- 46% of internet users access social media every day
- 71% of 20-29-year-old internet users access social media every day
- 45% of social media users turned off Twitter over the last 12 months
- 19% dropped Facebook
- 58% of social media users are accessing it after work (around 6.30pm)
- More than four in 10 social media users reported using social media while watching television
- News and current affairs was most popular genre for social networking while watching TV, followed by dramas
- Almost three in 10 of those that used social media while watching television reported discussing the programs on social media while they were on
- 63% of social media users researching a product or service on social media led to a purchase
- With 47% of the resultant purchases made online
- 33% of social media users follow brands or businesses
- The majority of those following brands or businesses wants discounts or giveways followed by product info
- Overall 30% of social media users have provided online ratings in the past year
- Online reviews are mainly for accommodation, restaurants/bars, holiday destinations, stores, movies and mobile apps
- On average, social media users read three reviews/blogs before making a purchase decision.
- 95% of users of social media use Facebook
- Slightly preferred by females
- 100% of 65+ social media users, use Facebook (they were the lowest user group in 2013)
- Lowest user age groups are 40-49 year-olds at 92%
- Used in metropolitan and regional areas but slightly preferred by regional.
- 19.5% of users of social media use Twitter
- Preferred by males (25% males vs 14% females)
- Majority of users aged 20-64 (20-29 is the largest user group followed by 30-39)
- Predominately used in metropolitan areas
- Twitter is very popular with celebrities, politicians and big brands. It can suit most businesses and industries as long as they are prepared to stay active on it.
- 24.5% of users of social media use LinkedIn
- Preferred by males (28% vs 21%)
- Largely higher educated and higher income users
- Majority of users aged 20-64 (30-39 is the largest user group)
- Predominately used in metropolitan areas.
- 21% of users of social media use Instagram
- Preferred by females (30% vs 12%)
- Most heavily used by under 30s
- By far the majority of users are aged 14-29 (14-19 is the largest user group at 53%)
- Use is spread almost equally across metropolitan and regional areas.
- 11.5% of users of social media use Pinterest. Usage is growing rapidly (it was only 6% in 2013).
- Especially popular among women and mums (17% of female social media users compared to 6% of males)
- The majority of users are aged 20-64 (20-29 is the largest user group followed by 30-49)*
- Used two times more in metropolitan areas compared to regional.
- 48.7 million users as at February 2013
- >880 million users globally, >10 million Australian users (as at 2012)
- Usage is spread almost equally across males and females (a slight preference by men)
- The majority of users are aged under 18 or 45-54-years-old.
- 20% of users of social media have a Google+ account
- Almost equal use by males and females
- Growing in popularity in younger age groups. The majority of users are 14-19
- Use is spread almost equally across metropolitan and regional areas.
- 16% of social media users have a Snapchat account
- The main demographic is 14-19 years of age, followed by 20-29-years-old
- 0% of 50+ social media users had a Snapchat account
- Preferred by females
- Slight preference in regional areas.
- Tumblr is a microblogging platform particularly popular with teenagers and young adults wanting to express themselves.
- Myspace has a heavy focus on music and other creative industries.
- Foursquare uses geolocation to share information on where you are. You can check into places and get offers from business for checking in. Popular with 35-54 year olds. Most appropriate for retail stores, bars, cafes and restaurants.
- Yelp is a business review site with social networking features, discounts, and mobile applications. It is particularly good for bars, cafes and restaurants and other services
- TripAdvisor is a travel website providing directory information and reviews of travel-related content. It also includes interactive travel forums.
Why less is sometimes more
If you fancy yourself as a bit of a marketer, you’d probably be familiar with the 4Ps of Product, Price, Placement and Promotion (which sometimes are 5Ps or even 6Ps – just to confuse things).
That is exactly what I want to talk about today. One of the Ps – Product and specifically product range and how it needs to be as least confusing as possible.
When it comes to your products, confusion is your enemy.
Choice, or too much choice, creates confusion and less choice can be more when it comes to the bottom line.
Have you ever sat down at a Chinese restaurant and pored through pages and pages of options in a state of confusion?
I don’t know about you, but it all gets a little overwhelming. The variety of choice is crippling.
Why are there so many options? What if I choose the wrong dish? How do I know what’s what? What if the person next to me chooses something better? I might miss out on something better…and so on.
In a restaurant situation, while you may be tempted to get up and walk out in fear of making the wrong choice, you usually end up staying and picking the easiest choice or something you’re already familiar with. The experience does usually fall a little flat though because you always wonder ‘what if’ and you end up with a serious case of food envy.
In retail, the customer often does walk away confused and disappointed due to too much choice.
The facts are you can’t be everything to everyone. You have a target market for a reason. Trying to please everyone inevitably pleases no one.
You don’t believe me?
Marketing guru and bestselling author, Martin Lindstrom in his book, Brandwashed, explains the phenomenon. He writes:
“When it comes to shopping, less is always more…we are paralysed by the fear of making a wrong, and expensive choice.”
In an experiment Lindstrom gave a dozen people two options: they could choose a chocolate from a box that contained 30 different types of chocolates, or they could pick one from a box that contained only six varieties.
The vast majority of people chose to select from the box containing only six choices. “The fewer choices and selections we face, the more likely we are to pick up, and buy, something.”
At a bookstore he convinced management to remove all but one of its 7-8 display tables that usually have up to 40 different titles on them. Instead they only displayed a dozen or so book titles, yet overall sales revenue increased within a week.
Lindstrom attributed the increase in sales to the fact that when buyers didn’t need to deal with all of those choices, they were more likely to make a purchase.
The enemy is choice but sometimes it can also be the feeling of non-exclusivity.
Imagine you’re in your favourite fashion store and there is a shirt you really like, but there are 10 of them in your size on display.
You start thinking: “well maybe that shirt isn’t that special? How many people will be walking around in the same shirt as me? There’s plenty there, I’ll go away and have a think about it first, it’s not like they’re going to sell out.”
Now imagine if instead there is only one shirt in your size on display. All of a sudden there is a feeling of exclusivity, a fear you may miss out, pressure and a deadline to buy.
You can see where I’m going. Less choice and limited availability are your friends.
Whether you’re selling products or services, if you’re a small to medium business keep your product range as simple and streamlined as possible. Test and identify what the sweet spot is when it comes to display stock and product range – how much works best for you? Can you create a feeling of exclusivity and a limited time offer for your buyers?
Hopefully less choice and time will result in more sales. There may even be the added benefits of bigger profit margins if you can reduce your inventory and avoid overstocking.
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Turn Your Marketing Around Today with 5 Questions
- What’s your point of difference? Call it your unique or best selling point or point of difference, it doesn’t really matter, as long as you know exactly why people should buy your products, services or ideas instead of someone else’s. If you can summarise your offering in three key messages, even better. If you can’t do that yet, it’s time to working on your brand and positioning story.
- Who is your ideal customer(s)? What are they like? How well do you know them? Can you really describe them? You need to identify a a customer persona that best fits your ideal customer profile. I’m talking about the kind of customer you want to target. The one that wants your product or services, the way you offer them. The ones that pay on time and are great to do business with.
- What marketing activities have worked? ongoing monitoring and evaluation is critical to marketing success. What worked last year, or last week even, may not necessarily work today. Never embark on new activities though without knowing how you will determine your success.
- What marketing activities haven’t worked? If after monitoring and evaluation, you find something is still working, keep doing it. However if it’s stopped working, find out why, and change it or stop doing it.
- What marketing activities do you want to try? Don’t be scared to try out new ideas. Sometimes it’s hard to keep up-to-date with all the different marketing options and advancements such as digital marketing. So sign up to blogs like this one. Read magazines and articles about marketing. Keep abreast of what your competition is doing. Most importantly, never go into a marketing activity without understanding what you are trying to achieve and who you are targeting.
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Get your marketing off to a great start in 2015
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| Image courtesy of Stuart Miles/freedigitalphotos.net |
You will need to get yourself a marketing strategy and make the strategy actually happen. A great tip here from zenhabits.net is to create habits, not goals or resolutions in 2015.- Over-Fixating on Real-Time Marketing and ineffective or insensitive newsjacking of popular stories/trends/hashtags
- Engaging on Social Networks That Aren’t Working
- Expecting People to Discover Your Content Just Because It’s Great – the post recommends devoting time to building an email list and regularly notifying them of new and updated content as well as pitching relevant stories to reporters, influencers, and other trade media writers.
- Reporting on Data That Doesn’t Matter – does the CEO really care about how many ‘re-tweets’ you have?
12 days of digital – the best marketing present ever
- Brand and positioning – before you dive into the digital deep end, take a moment to revisit your brand and positioning messages. As I said digital marketing is about content and you can’t create valuable content unless you understand and can effectively communicate your brand and point of difference.
- Customer personas – similarly you should take a look at your ideal customers and their profiles, to make sure you use the right digital marketing channels for your target market.
- Website – review your website and whether it’s up to scratch in terms of functionality and site structure. You should be looking at it from the view of your customer and making it as easy as possible for them to engage with you/purchase from you. Look at design and speed as well as search engine optimisation (SEO). The great news is that you don’t need to be a website developer or have technical expertise in coding to create an effective website.
- Social media – having a social media presence and keeping it up-to-date is a critical component of any digital marketing strategy. The most important thing to consider here is what social media platforms are best for your target market and how to create valuable content
- Blog – a blog is a great way to maximise your digital marketing presence and improve SEO. If you go to the trouble though of creating a blog be sure to post regularly and leverage your content as much as possible
- E-newsletter – there are some fantastic tools out there (including free options with http://mailchimp.com/ ) that provide ready-made optimised e-newsletter templates that you can send to your database. They also provide great analytics, database and subscription management. You can create sign-up forms on your website and social media pages. If you write a blog you can provide highlights in your e-newsletter
- Visual content – visual content such as videos, images and infographics are great digital tools that promote SEO and encourage engagement. Videos can be loaded on YouTube and on your website. You could also create memes or reaction gifs. Think broadly about different types of videos you could create: testimonials, Q&As, events, instructional videos.
- Advertising – advertising may be a traditional marketing tool, but it still holds a valid space in digital marketing. Pay per click Google Ads and Facebook particularly can be very affordable advertising options, and you can gauge effectiveness very quickly. You can be very specific about what types of pages you want your ad to appear on and really zero in on your target audience. Twitter and Instagram also have popular advertising options.
- Mobile marketing – marketing messages via mobiles and SMS can be extremely effective particularly for some industries. Special and limited time offers, reminders for events and appointments and competitions work well on mobile. Texts are reported to have a very high open rate as well (as a general rule).
- Other written content and tools – depending on your customer personas and their stage of the sales cycle, you may need specialist written content and tools that can be uploaded to a digital space, particularly your website. These may include ebooks, data sheets, white papers, calculators, testimonials, media releases, reports, submissions, testimonials, games, apps, quizzes, resources. Whatever written content you’re producing, ensure it meets its purpose and is tailored to your target audience.
- Integrated strategy – now that you have identified what digital tools you may need, go back and incorporate them into your broader marketing and communication strategy.
- Monitor and evaluate – like any good marketing activities, monitoring and evaluation is very important. There are some really good digital marketing evaluation tools that are very accessible such as google analytics.
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I’ve got a business blog – now what?!
- Use your content in multiple ways – if you are going to the trouble of creating great content, make the most out of it. Post excerpts on social media, create mini ebooks, create a video and post to YouTube, write a White Paper, paid search, website links, banner ads, create a media release or compile content into an e-newsletter. Also don’t forget to leverage your other marketing activities on your blog. For example, if you have a great media story appear in the local paper, promote it across on your blog.
- Make it easy to subscribe – a subscription list is a valuable database of potential leads (as long as you adhere to relevant privacy and anti-spam laws). The key is having a call to action message such as: “Subscribe here and never miss our updates”. The sidebar is a great place for a sign-up form, but don’t ask for more than three fields. Research has shown that any more than three fields discourages readers from signing up. A pop-up subscription form is an option but can annoy people. Use these only for important messages or exclusive offers such as, “today only, sign-up and receive a free copy of our e-book on…”
- Promote yourself (within reason) – link back to other relevant blog posts (your’s and others) and your website page. You can also include an advertisement for yourself in the sidebar. Test it though. If you don’t experience significant click throughs via your ad, you may need to reassess. Make sure you include a great About Me page if your blog is hosted on a separate site to your business website. If not, include a great profile and image with your blog post.
- Don’t wait for everything to be perfect – sometimes you may be working on a tool or resource that would be greatly useful and interesting to your target audience. It’s a great idea to share it as a work-in-progress or Version One. Then ask your readers for feedback and ideas, which encourages engagement but also gives you an opportunity to improve your product or service, as well as a chance to publish another blog post with Version 2. There’s a great blog post here on how deliberately making content that becomes obsolete, is a great idea.
- Offer variety.Provide lots of different types of posts. Mix it up with guest bloggers, Q and As, infographics, podcasts.
- Promote your clients – use your blog to create stories about your customers. These serve the purpose of a testimonial, without necessarily reading like a case study.
Get your infographic on – why you need one and how to get it
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| Source: theorange.co |
Marketing Strategy on a Napkin
I’ve always been fascinated by stories about million dollar ideas and business strategies being formed on the back of a napkin.
It got me thinking about whether a simple marketing strategy could be formulated in the same way.
I had the opportunity to try it out this week when I was evacuated from our office for a fire drill.
Armed with a cup of coffee and a napkin, I gave it a go. So here’s my marketing strategy on a napkin.
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