Marketing Consulting/Omni-Channel Marketing: Offline and Online
A recent Jobvite Social Recruiting Survey shows that:
According to the CMO Council and Balihoo, brands still struggle with local marketing. Between keeping control over the brand, compliance with corporate directives and the necessity to adapt their effort to local markets only 7% consider their local marketing effective.
Driving customers into store locations is an essential step in the path to purchase, and local advertising is one of the best ways to reach consumers “on the ground.” A February 2013 report by the CMO Council and Balihoofound that local marketing is increasingly happening at the digital level, with the greatest percentage of respondents (27%) reporting that increasing digital investment was the biggest change in their local marketing strategy in the past year. But the study also found that brands are at very different stages in terms of their integration and execution of local marketing.
Just over one-third of those surveyed thought their local capabilities were growing, while 15% of marketers reported struggling or underperforming in their local efforts. Only 7% considered themselves highly evolved in their local outreach.
As brands make a greater push into local marketing, one of the major difficulties they face is executing at the regional level while keeping a corporate focus and quality control on local efforts.
Half of US brand marketers surveyed managed local sales and engagement efforts at the corporate level. In addition, one-third reported a combination of corporate-level monitoring of local efforts, along with franchise and outside network management. To develop local marketing strategy, three out of five marketers said that the CMO or corporate marketing team set local priorities.
Communicating the message of the brand at all levels remains a top priority: 81% cited uniformity of the brands’ values and promises as a goal for the year, and 64% wanted to eliminate customer confusion that conflicting execution caused. This suggests that brand consistency will continue to be more important than incorporating local-level insights and ideas into marketing efforts.
Advertisers’ appetites for paid advertising on social media sites shows no sign of abating in 2013. According to a study conducted for digital brand measurement provider Vizu by Digiday, 64% of US advertisers planned to increase their paid social media ad budgets this year, with just 2% saying they intended to spend less money in 2013 than they did in 2012 on paid social ads.
Most of those increasing their spending on ads on social sites planned to do so by 10% or less. But a significant number were making even larger investments: 26% of respondents reported planning to increase their social media ad spending by 11% or more.
Seven in 10 respondents said they would spend between 1% and 10% of their online budget on social ads, suggesting that for most it is a present, but not a dominant part of the marketing mix. For 13% of respondents, however, it plays a larger role: This group spends 21% or more of their online budgets on paid social media advertising.
Overall, eMarketer estimates that US advertisers will spend $4.1 billion on paid social media ads this year, rising to $5 billion in 2014.
If brands want to improve their customer perception, having a well-rounded social communications practice that serves both as a marketing outlet and as a place for consumers to solve service issues will help.
In a new study, J.D. Power and Associates measured consumer experience working with companies through their social platform for both marketing (such as receiving a coupon or some other offer through a social channel) and service (such as answering questions about a product or service or solving specific problems) needs.
The study was based on the responses of more than 23,000 consumers and covered 100 brands in six industries: airlines, auto, banking, credit card, telecom and utility. The bottom line: very few companies doing both marketing and service particularly well.
“Hardly any companies are doing equally well on social marketing and social servicing,” Jacqueline Anderson, director of social media and text analytics at J.D. Power, tells Marketing Daily. The discrepancy, she says, has a negative impact on brand perception.
The study found a correlation between a company’s overall social communications and a consumer’s likelihood to purchase and overall perception of the company. Among highly satisfied consumers (those with satisfaction scores of 951 or higher on a 1,000-point scale), 87% said their online interaction with the company “positively impacted” their likelihood of purchase from that company. Meanwhile, 10% of consumers with low satisfaction scores (less than 500) said their experiences with a company’s social communications “negatively impacted” their likelihood of purchase.
According to the study, nearly a third of consumers ages 30-49 and 38% of those over 50 interact with companies via social marketing (compared with only 23% of consumers 18-29). However, 43% of the younger demographic use the channels for social media interactions, while only 18% of those over 50 do.
Understanding exactly which consumers are using social media channels to what end will go a long way in helping companies improve their overall communications, Anderson says. Companies will have to evaluate how consumers are using their social media channels and then develop a strategy to address those patterns. This may require some of them to reorganize.
“It’s kind of a failure to understand why consumers are reaching out,” Anderson says. “Many companies are still organized around servicing on one side and marketing on the other.”
Among the industries evaluated, the auto industry is the only one that performs particularly well when it comes to marketing and servicing via social media. The wireless industry scores well when it comes to social servicing interactions, while utilities perform well in social marketing.
Many small businesses are already using some form of content marketing to promote themselves—74% as of a January survey of US small businesses by BusinessBolts.com. It’s a tactic that must be paying off, because three-quarters of small businesses also said they planned to do more content marketing this year than last—and just 4% said they had no plans to do any content marketing at all.
Articles and blog posts were the type of content most favored by small businesses—74% have promoted their business using articles, and 64% through blog posts. Slightly under half were publishing social media content and about two out of five used email newsletters.
Small businesses spent an average of 6.9% of their annual marketing budgets on content marketing last year, according to a November study conducted by Ad-ology Research.
Ad-ology found that US small businesses were spending a greater share of their budgets on content marketing than on social media advertising. This suggests that small businesses may be more focused on using social sites to publish owned content rather than paying for advertising on the networks—a trend at some larger businesses as well.
But small businesses in particular seem to rely on content marketing because it can be extremely cost effective. A majority of the small businesses surveyed by BusinessBolts.com estimated they spent less than $100 on content marketing per month; just 11% spent more than $500.
Social media is not a replacement for traditional marketing; it is only another tool in your marketing toolbox. You might ask the reason you need to engage with social networks at all. Some statistics on social media and purchasing habits:
What does one take from all of this? First, you do not control your brand anymore, not in the traditional sense. Consumers are talking about your brand (your restaurant) whether you like it or not, so it is up to you to engage the “community.” Even if you are not using any social media channels, check out your business listing on websites such as Yelp and Local.com. You will see reviews of your establishment, and, yes, some of them are negative. Knowing the above statistics, you need to engage the community. If a user gives you a rave review, thank the person. If the review is negative, you need to address it and not arbitrarily dismiss it. Show the consumer you care!
What will be the big social media trends for 2013? Let’s start with mobile. More than 100 millions users have a smartphone. Mobile Internet is due to overtake wired use by 2015. Are you ready? The second big trend is video. This is such a no-brainer, especially when combined with the growing use of mobile devices.
Since the arrival of social media platforms, companies have tried to figure out how to best use them to get their messages to consumers, often with mixed results. Some brands have embraced the notion that social platforms like Twitter allow constant interaction, for better or worse, with their customers.
Others have turned away from some strains of social media, as General Motors did last spring when it stopped advertising on Facebook while raising questions about the return on its investment. The move had a ripple effect in the advertising world, with many brands questioning whether the costs of being on social media were worth it.
A new report issued Tuesday by Nielsen and Vizu, a research company owned by Nielsen, shows that brands think they might be turning a corner, specifically when it comes to paying for their use of social media.The report examined the opinions about social media marketing among more than 500 digital media professionals — including brand marketers, media agencies and advertisers — from September to October 2012.
The study found that that
The results come as companies like Twitter and Facebook are making more diverse advertising options available to brands. Last year, Twitter announced a number of advertising and media initiatives, including a survey product that enables marketers to ask Twitter users a handful of multiple-choice questions. Facebook began testing a new advertising mechanism using a technology called real-time bidding, which allows advertisers to place bids on ad space at specific times.
“Advertisers are starting to look at social media as an integrated part of their advertising strategy,” said Jeff Smith, the senior vice president of product leadership for advertising effectiveness at Nielsen.
The rise of the internet has meant big changes for customer service, according to a new eMarketer report, “Multichannel Customer Service: Best Practices for Building Retail Loyalty.” Consumers today have an array of digital customer service tools at their disposal, the newest of which include live chat, social networks and smartphones.
And the stakes are high for retailers trying to keep up. Consumers are quick to punish retailers that do not meet their customer expectations—and reward those that do.
Findings from a Q1 2012 study by the Temkin Group, a customer experience research and consulting firm, showed that customers are loyal to businesses that provide good customer service. Some 86% of survey respondents who reported being very satisfied with their most recent customer service interaction with a company were likely to repurchase, as opposed to only 9% who said they would likely purchase again after being very dissatisfied with their customer service experience.
et another benefit of good service is that satisfied customers become brand advocates who refer other people to the company. A 2012 American Express study found that 48% of internet users told other people “all the time” about a good customer service experience with a business. The survey also found that people were roughly as likely to share their poor customer service experiences.
But consumers have different expectations and preferences for customer service depending on where they are in the purchase journey and the types of questions they have. A 2012 global customer experience study sponsored by Capgemini found that social media was most important in the awareness stage (learning about products and promotions), while smartphones were most valuable in the delivery and after-sales care stages.
In an effort to challenge Facebook and boost it’s Google+ social network, Google is now using a more than controversial tactic and forces users of its other platforms (Gmail, Zagat, YouTube, Picasa…) to create a public Google + account.
Because using Google+ requires people to sign in to their Google accounts, Google will be able to blend mounds of data about individual users’ search habits and the websites they visit with their activities on Google+. That is a potential boon to Google’s ad business, from which the company derives about 95% of its more than $40 billion in annual revenue
But as Google is learning, you can bring a horse to the water but you can’t make it drink. According to research firm comScore Inc. a year ago Google+ users spent an average of three minutes on the site each month, versus more than 400 minutes for the average Facebook user.
Many doctors turn to social media to to stay on top of the information they need to know to provide quality care.
A recent study (Sept. 24) published in the Journal of Medical Internet Research shows that
Unlike other studies on physician use of social media that tend to lump professional and personal use together, lead author Brian McGowan, PhD, an education technology consultant, and fellow researchers narrowed the focus to how social media can be used for professional development and lifelong learning.
Many doctors prefer closed communities to open social media platforms but according to Bryan Vartabedian, MD, a pediatric gastroenterologist at Baylor College of Medicine in Houston, physicians who limit themselves to closed networks are missing some of social media’s benefits.
“Democratizing media has completely opened my eyes to the experience of the patient,” said Dr. Vartabedian, a co-author of the study. He said his social media connections with patient advocacy groups have given him “a huge appreciation for how they think.”
McGowan said the attention to the dangers of social media and the widespread circulation of a few horror stories have prevented many from embracing it.