Category Advertising

Ways to Use Podcasts to Reach Your Target Market

Podcast setupPodcast consumption is on the rise.

With this in mind, now might be the time to start using podcasts to market your products or services.

This doesn’t always mean that you need to dedicate your time and resources to creating your own podcast. There are great ways to use podcasting to reach your target market without starting one.

That said, it’s worth noting the benefits of starting a podcast so that you can weigh all the options.

Podcasting to Market Your Products and Services

Some businesses have added podcasting to their content marketing efforts in order to become known as the go-to business for information about a particular topic that is relevant to the business’s customers and prospects.

However, the benefits of starting a podcast don’t stop there.

A recent post by Seth Resler points out some of the ways to make money by podcasting.

According to Resler, “The vast majority of money revenue generated in the podcasting space right now is made through advertisements.”

If the business has created its own podcast, the costs associated with advertising on the show should be minimal, if any.

Resler also suggests that some podcasters are using their podcasts to get movie, television, or book deals, while others are generating revenue by selling tickets to watch the podcast be recorded live or by selling merchandise to fans. If this becomes an option, your business will definitely have other opportunities beyond the podcast to reach potential customers.

Podcast Marketing Without Starting a Podcast

Don’t have enough time or staff start your own podcast? No problem.

As Seth Resler already noted, one of the most common ways for podcasters to make money is through advertisements.

In fact, the amount of money that is spent on advertising on podcasts has increased dramatically in recent years.

This makes sense, since advertising on a podcast can be an effective way for a business to reach its target audience.

In a post written by Kate Harrison on Forbes.com, Seth Greene, author of five best-selling marketing books including Market Domination for Podcasting, points out that, “Podcasts offer advertisers the ability to hyper target.”

Greene goes on to point out that, “Research can pinpoint the podcasts that are just right for your message.”

Podcasts can also give the business a chance to reach customers on a more personal level.

If a certain podcast is of particular interest to a business’s customers and prospects, establishing a relationship with the show’s host can be a great way to connect with them. In fact, a personal recommendation from the show’s host that is woven into the show might be better than a traditional interruptive ad.

However, no matter how it is done, advertising on a podcast can help keep the show going. This is something that the business’s customers and prospects might appreciate, particularly if it is a niche show that is only of interest to a specific audience.

If the company has experts on staff who have useful information to share, getting them invited as guests on several podcasts is also a great way to get in front of the right audience. Beyond the exposure that being featured on a podcast brings, being a guest on a podcast can also provide SEO benefits.

“iTunes is a Page Rank One website, and every episode usually links back to both the show’s website and the guest’s website,” says Seth Greene in the Forbes article mentioned earlier. “Get booked on a handful of shows, with links back to your website for the right keywords, and watch what happens.”

Getting influencers to mention the business’s products or services on podcasts can also be a way to reach potential customers.

These are just some of the ways that your business can use podcasts to market its products or services and possibly make additional income in the process.

And given the increase in the number of podcast listeners, this emerging medium should only become more lucrative in the future.

Photo credit: Sergey Galyonkin on Flickr.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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Why It’s Important to Know What Your Brand Sounds Like

Sound boardThe idea of having a distinct sound that people associate with a brand is not a new concept.

For many years, businesses large and small that used radio and television ads to reach their target audience created specific sounds or jingles that customers came to recognize and associate with the brand.

However, sonic branding is becoming even more important today as more consumers start to use smart speaker technology and other household items get connected to and become part of the Internet of Things (IoT.)

And, when you factor in the already almost ubiquitous use of smartphones, there are even more opportunities for brands to use sound in their marketing efforts.

Therefore, it is not surprising that many businesses are starting to realize that they need to think about what their brand sounds like.

Sound as Shorthand for the Brand

As mentioned, businesses have used sound to create a connection between the brand and consumers for years in their radio and television advertising.

However, many businesses that haven’t made the investment in radio or television have often overlooked the powerful impact that sound has on consumers.

This is changing quickly as technology evolves.

As more transactions become automated in the future, tones can be used to communicate with consumers to let them know that they had an interaction with the brand without blatantly announcing it. This keeps the brand top of mind with the consumer.

Sonic branding can even provide some peace of mind to the customer by reminding them that they are dealing with a trusted business.

Mastercard Debuts Its Sonic Brand Identity

When it debuted its new signature sound in early February 2019 Mastercard joined many other brands, including one of its direct competitors, Visa, in creating a sonic identity developed specifically for the new connected world of the 21st century.

According to their press release, “Mastercard tapped musicians, artists and agencies from across the globe, including musical innovator Mike Shinoda of Linkin Park.”

“What I love most about the Mastercard melody, is just how flexible and adaptable it is across genres and cultures,” said Mike Shinoda. “It’s great to see a big brand expressing themselves through music to strengthen their connection to people.”

“Audio makes people feel things, and that’s what makes it such a powerful medium for brands,” said Matt Lieber, Cofounder and President, Gimlet. “With the explosion of podcasts, music streaming, and smart speakers, an audio strategy is no longer a “nice-to-have” for brands – it’s a necessity. A sonic identity – the audio calling card for a brand – is now just as important as a brand’s visual identity.”

Additional Strategic Considerations

As mentioned earlier, many businesses have overlooked sound as a way to connect to their potential customers.

Does this mean that all brands that aren’t using sound in their marketing efforts need to spend millions of dollars to develop a new sonic identity?

As with all business decisions, there isn’t a one-size-fits-all answer.

For some businesses, sonic branding might not makes sense at all.

Jumping into sonic branding also doesn’t mean that brands should forget about visual branding. For maximum effect, both should work in concert with the other.

It is also important to note that brands might not get it right the first time. This is something that Mercedes-Benz learned the hard way.

And, as time goes on, there is also a possibility that we get a sort of sonic branding overload or sonic branding fatigue if too many businesses start using sound in this way.

That said, being among the first to create a sonic identity could help establish a deeper connection with consumers.

 

 

Photo credit: Tony Steward on Flickr.

Video credit: Mastercard News on YouTube.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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32 Things to Watch in 2019 and Beyond

Google Maps NavigationAs I write about each year, success in business often requires predicting what potential challenges and opportunities the business will face on the road ahead.

Currently, we don’t have an app that will tell us everything that we need to know.

Therefore, business leaders need to navigate the old fashioned way even if their business is driving full-speed ahead into the future.

This thought process is what inspires one of my first blog posts each year.

It all started in 2012 when I highlighted some of the recommendations that JWT Intelligence thought would be important. Then in 2013, I started to track a list of my own.

Most of the things that I thought were important in the past remain important today. The list just gets a little bigger each year.

This list also helps keep me focused and serves as a public record to show whether or not I am watching the right things.

The Things to Watch List 2019

This is the list so far [with the year that the items were added]:

1) Rapid advancements in technology [2013]

2) Mobile (user experience and marketing) [2013]

3) Mobile payments [2013]

4) Mobile-influenced merchandising [2013]

5) Privacy issues [2013]

6) Emerging markets [2013]

7) The Internet of Things [2014]

8) The evolution of retail (including omni-channel retail) [2014]

9) A global marketplace [2014]

10) 3D printing [2014]

11) Cyberattacks [2014]

12) Ethics [2014]

13) Online video [2016]

14) RFID, NFC, and beacons [2016]

15) Augmented reality (AR) [2016]

16) Virtual reality (VR) [2016]

17) SEO for the Internet of Things [2016]

18) Experiential marketing [2016]

19) Wearables [2016]

20) Dynamic pricing in brick-and-mortar stores [2017]

21) Machine learning & artificial intelligence (AI) [2017]

22) Voice-activated technology [2017]

23) Business collaboration with the competition [2017]

24) The evolution of work (changing skillsets required and the influence on the economy) [2017]

25) Robotics [2018]

26) Subscription business model [2018]

27) How online communications influence public opinion [2018]

28) Market research techniques for the 21st Century [2018]

29) Influencer marketing [2019]

30) Accessible marketing for people with disabilities [2019]

31) Sustainability brands [2019]

32) Health-conscious brands [2019]

Why These Things Were Added

As I mentioned, my list was actually inspired by a list that is published each year by JWT Intelligence.

A lot of the items on the JWT Intelligence list this year focus on ways to help people create a healthier lifestyle. This not only means creating a healthier life for the people who might buy the products, but also helping create a healthier planet, as well.

Creating marketing that is accessible for people with disabilities just makes sense and should be a best practice. Furthermore, not making your website or mobile app accessible to people with disabilities can actually result in a lawsuit.

And, as for influencer marketing… it really should have been added to the list years ago. However, there are also some new areas of influencer marketing that make it worthy of adding now.

There are also things like self-driving cars and changes in product packaging that could have been added to the list. While these things are subsets of items currently on the list, they might get added to the list in the future.

Additionally, there are some things that digital marketing experts were talking about 10 years ago that should be revisited. These basics don’t get talked about enough now even though there are new business leaders entering the market each year. (It’s not always safe to assume that they learned about these things in college.)

So there you have it. If I missed anything that you think I should have included, please let me know in the comments below.

Photo credit: freeimage4life on Flickr. (Creative Commons CCO 1.0 Universal Public Domain Dedication — CCO 1.0)

 

 

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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The Technology Is Now Available, but Should Your Business Use It?

Business EthicsWe are currently witnessing advancements in technology that are improving the way that we understand the human race and the world that we live in.

This new technology brings with it ethical dilemmas that we need to grapple with.

Specifically, we need to decide where the line should be drawn to distinguish what is ethical and what is not ethical.

For example, although one company’s use of neuromarketing was very successful, it pushed the boundaries of business ethics. The way another business might use biometric feedback could possibly cross the line into unethical behavior.

Keep in mind, these examples are taken from the business world. However, ethics need to be considered in all areas life.

Business Ethics Defined

There are many definitions of business ethics.

In fact, entire business/philosophy classes are offered to help people understand this subject.

For the sake of this post, ethical behavior is defined as making sure that the business is doing what it thinks is the right thing and, more importantly, not doing harm to the business, its employees, its customers, or anyone else in the world. (This would exclude, of course, taking customers away from the competition. This would harm the other business, but that’s just business.)

It is important to keep in mind that what the business thinks is ethical and what the rest of the world thinks is ethical might not always be the same thing. That is why public discussion and complete transparency are highly suggested and often required.

It is also important to point out that if customers think something is unethical, then doing it could actually decrease sales and, thus, harm the business.

Frito-Lay Pushes the Ethical Boundaries and Wins Big

For many years, companies have been using various market research techniques (e.g., surveys, focus groups, etc.) to gather insights as to what customers want and why in an effort to create better products or services and better marketing campaigns to sell those products or services.

Beginning in the 1990s companies started to employ neuropsychology techniques to their market research in an effort to find out what their customers really want, sometimes even if they don’t know it.

According to Wikipedia, Dutch marketing professor Ale Smidts introduced the term “neuromarketing” in 2002 to describe this “emerging disciplinary field in marketing.”

As a Fast Company article written in 2011 points out, many companies are using these techniques to help increase sales.

Frito-Lay is one of these companies.

According to the article, “In 2008, Frito-Lay hired NeuroFocus to look into Cheetos, the junk-food staple. After scanning the brains of a carefully chosen group of consumers, the NeuroFocus team discovered that the icky coating triggers an unusually powerful response in the brain: a sense of giddy subversion that consumers enjoy over the messiness of the product. In other words, the sticky stuff is what makes those snacks such a sticky brand.”

According to a Gizmodo article, Frito-Lay did not stop there.

“Frito-Lay tested out a commercial that emphasized this subversive glee that Cheetos dust apparently gave people,” the author of the article writes. “The commercial shows a woman (played by the indelible Felicia Day) who pranks another woman in a laundromat by putting Cheetos in her white clothes, as Chester the Cheeto [sic] eggs her bad behavior on.”

“Focus groups hated it, saying it was mean-spirited,” the Gizmoto article continues. “But NeuroFocus revealed that people who watched it had EEG results that showed positive feedback. Just like most people don’t admit or even know that they like getting artificial cheese dust all over the place when they eat Cheetos, people didn’t want to admit that they liked a commercial about an asshole who flouts social norms. But the ad tapped into the pop neuroscience that linked Cheetos with deviant thrills.”

This commercial and the advertising campaign it was a part of were so effective that according to the Fast Company article, “NeuroFocus earned a Grand Ogilvy award for advertising research, given out by the Advertising Research Foundation, for ‘demonstrating the most successful use of research in the creation of superior advertising that achieves a critical business objective.’”

Ethical Concerns with Collecting Biometric Feedback on Shopping Carts

According to SIS International Research, “Biometrics is an emerging research field of neuromarketing market research. This form of marketing relies on various biometric technologies and applications to help understand a participant’s cognitive and emotional responses toward certain stimuli. The stimuli can be anything ranging from TV ads to online advertisements.”

The company’s website states that biometric market research uses fMRI, EEG, observational analytics, heart rate monitoring, and facial coding.

We already know how an EEG can be used to create better advertising campaigns.

If other ways of gathering biometric feedback are half as effective, many more companies will start to use these market research techniques in the future.

It is therefore not surprising that Walmart filed for a patent that would allow the retailer to collect biometric feedback on shopping cart handles.

People are already tracking a lot of this information on their fitbits and other smartwatches.

If that data could be accessed in real time and combined with location data, a lot of experiments could be conducted without the person even knowing it. (Note: As far as I know, Walmart has not announced that it would use the technology this way. However, it would be possible.)

While articles talking about this Walmart patent downplay the privacy issues, there certainly are a few.

Although we might make some real gains in knowledge, we need to ask ourselves whether the tradeoff in privacy is worth it.

In the End, Either Customers or the Legal System Will to Draw the Line

In the first example, NeuroFocus used willing participants to gathered biometric data that allowed Frito-Lay and its advertising agency to create an ad campaign that was effective even when focus group respondents said that they hated it.

If companies start to collect physiological responses to different stimuli, whether it be ads, physical retail environments, or anything else without customers knowing it pushes the ethical boundaries even further. Maybe too far.

To determine where to draw the line, the business community should create ethical standards and follow them.

If they don’t, laws will need to be created.

Either way, it is important that people have discussions about what it going on so that we can ask ourselves whether or not what can be done should be done.

Photo credit: Pamela Carls on Flickr. (Creative Commons Attribution 2.0 Generic license – CC BY 2.0.)

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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The Future of Shopping: A Shopping Cart With a Recommendation Engine

Photo credit: r. nial bradshaw on Flickr.Retail experts know that when customers use shopping carts in brick-and-mortar stores it increases the average number of items sold per transaction.

It is therefore not surprising that stores are looking for ways to make the shopping cart an even more integral part of a customer’s shopping experience.

Walmart is one of these stores.

If you do a quick search online, you will see several of the patents that Walmart has filed in recent years involve ways of adding technology to their shopping carts.

However, it was one patent that was filed in September of 2017 that really caught my eye. The patent allows Walmart to know when specific items are placed in a container.

Although this patent doesn’t say that it will be used with a shopping cart, it could be. And, if used in conjunction with a customer’s smartphone, it could give Walmart the ability to recommend items that customers might want to purchase in a brick-and-mortar store in the same way that Amazon does when customers are shopping online.

In other words, it would give Walmart the ability to use a recommendation engine to deliver suggestions to customers shopping in their brick-and-mortar stores.

What Is a Recommendation Engine?

As I pointed out in a post in 2016, “In the context of what I am referring to, it is an information filtering system that helps a business recommend items to customers that they might be interested in. For additional information, Wikipedia has a good explanation.”

“If you want to see an example of a business effectively using a recommendation engine to help its customers find products, visit Amazon.com,” the blog post continues. “The Amazon.com recommendation engine uses a combination of several input data, including past purchases, product ratings, and social media data.

When you visit your online cart on Amazon.com, it automatically recommends other items based on what other customers who bought the items currently in your online shopping cart purchased in the past. (In fact, Amazon.com recommends other add-on items even before you get to your shopping cart.)

Bringing the Recommendation Engine to the Brick-and-Mortar Store

Amazon and other online stores effectively use recommendation engines to increase sales online.

However, offline it gets more difficult.

With the exception of maybe Amazon Go stores, most stores don’t know what the customer is currently purchasing until they get to the cash register.

And, once a customer gets to the cash register, it’s probably too late to get them to add another item unless it is being kept in a location nearby or the deal offered is really good.

Currently, having customers talk to sales associates is the best and often only way for the store to suggestive sell add-on items to customers in a brick-and-mortar store based on what the customers are currently purchasing.

Even if the customer is shopping with his or her smartphone in one hand, suggestive selling is limited to information collected from past transactions or online behavior (if the store has tracked that) and some demographic data. Mobile coupons, rebates, and targeted ads work, but again, there really isn’t a way to know what the customer is currently purchasing.

That is, unless you use some sort of sensor to track them. That is why Walmart’s patent could be so valuable.

If Walmart develops the technology that they patented and puts it into a shopping cart, they would have the ability to know what customers are currently buying and could therefore send advertising messages to them that would recommend items that are often purchased with the customer’s current selections or that the customer might be interested in.

Granted, this wouldn’t be the first time this was tried out.

In 2012, Microsoft teamed up with Whole Foods to test a shopping cart that would help a customer be sure that they bought everything on their shopping list and even warned the customer that an item had gluten in it if the customer had let the system know that was one of the things that he or she was trying to avoid.

It appears that the Microsoft/Whole Foods smart shopping cart didn’t make it past the testing phase. However, I think this was due to the fact that they tried too many things at once. In fact, some of the features seem to be solving problems that just don’t exist.

It also might have been ahead of its time or just not a good fit for the brand.

Final Thoughts

It might be some time before we see a shopping cart like the one described in this post.

However, the store that finds a way to do it correctly will definitely increase sales.

And, who knows, it could be another way for stores to sell paid contextual advertising to brands that are trying to reach customers in the offline world based on where they are, who they are, and what they are buying.

As I mentioned earlier, Walmart has filed a patent that would make a very important part of the process possible.

If there is a person in Bentonville who is working on a shopping cart that can do this, I’d love to write a post that gives more details. There are a lot of cool possibilities. And, if Walmart isn’t working on this or hasn’t thought of it yet, which I find hard to believe, please feel free to steal the idea. Or even better, contact me, as I have some additional ideas that might be useful.

Photo credit: r. nial bradshaw on Flickr. (Creative Commons Attribution 2.0 Generic license – CC BY 2.0.)

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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How Smartphones Will Influence the Future of Visual Merchandising and Store Design

It has been over a decade since the iPhone was first introduced to the world.

In that time, smartphone use has skyrocketed.

In fact, Deloitte expects smartphone penetration to approach 90 percent in the United States, with much of the growth being fueled by increased smartphone usage among older Americans.

Customers Use Mobile Devices When They Shop and Buy

As we know, having a smartphone has changed the way many consumers shop and buy products and services in brick-and-mortar stores. In fact, mobile is changing the way that we do almost everything in life.

Over the years, retailers have experimented with different ways that they can use mobile devices to improve their customers’ shopping experience.

In the near future, successful retailers will find ways to leverage mobile technology and incorporate it into all parts of their business. This will have a huge impact on the way retailers merchandise and design their brick-and-mortar stores in the future.

It is important to point out that retailers should not look for ways to use mobile devices just for the sake of using mobile devices.

Instead, retailers that will succeed in the future will find additional ways to provide value to customers. Often this means providing them with memorable shopping experiences.

In other cases, it might be finding ways to make their shopping experience easier or providing the customer with ways to save money.

Often these things can be achieved by leveraging the same mobile devices that their customers are already using.

After all, if mobile phones are changing the ways that people shop, wouldn’t it be smart for retailers to make adjustments and make it easier for their customers to find what they want when they want it using the same technology.

Using Mobile Devices to Improve Visual Merchandising and Store Design

Here are some of the ways that smartphones and tablets will change visual merchandising and store design at successful retail stores in the near future.

As already pointed out, retailers need to take into account the way customers use smartphones when they shop and buy in their brick-and-mortar stores. This includes customers using smartphones to comparison shop, find product reviews, look for coupons, and use shopping apps to do all the above. Smartphones are also changing the way customers actually pay for the products once they have made a selection.

With this in mind, retailers need to make sure that their digital marketing teams and their visual merchandising teams are talking to each other and are on the same page.

In the future, retailers that find ways to have their digital teams and their visual merchandising teams work together or even better, actually interact and play off each other will see positive results from their efforts. The goal should be to provide a seamless shopping experience, no matter what channel the customer is using.

Retailers should strive to delight customers and provide a remarkable shopping experience. In other words, retailers should be trying to create a shopping experience worth talking about.

Ideally, retailers will be able to inspire customers to take a photo of their shopping trip and post it on social media for their friends and family to see. This is some of the best advertising the store can get.

Another way that retailers can use mobile devices is to create efficiencies and improve productivity by having staff armed with smartphones and tablets and then create the right software, content, and processes that leverage mobile to the fullest.

It is not enough to just provide mobile devices to employees. Management needs to explain to retail staff how and why to use them at different points in the shopping experience.

And, don’t forget that mobile can help improve processes throughout the store, not just while staff are interacting directly with customers.

While having staff use mobile devices to enhance the way they do their job is not going to directly influence merchandising and store design, it will help the store better understand the customer and make improvements wherever possible. It will also help management gather feedback and collect valuable data.

As just mentioned, retailers can use mobile phones to help better understand the needs and shopping behaviors of their customers by using these mobile devices to collect valuable data about their customers’ shopping behaviors while in the store.

This data will influence the way stores are merchandised and designed in the future.

However, as we have seen from many of the recent stories in the news, customers can be wary of the way data is collected and used. It is therefore important to proceed with caution and follow all of the rules and regulations. While retailers will use data to improve every part of the brick-and-mortar shopping experience, it is important that customers are aware of what is being done.

Final Thoughts

Smartphones and tablets have changed the way that customers shop and buy.

This post has focused on how mobile devices have changed how customers shop once they are in the brick-and-mortar store. However, as we know, mobile devices play a role in the whole shopping experience, even before customers enter the store and long after they purchase the product or service.

Knowing this, successful retailers with learn to adapt and leverage this knowledge to improve their customers’ shopping experience no matter how and when they choose to shop.

It only makes sense that retailers would find ways enhance their customers’ shopping experiences using that same mobile devices customers are already using.

This post has provided a few suggestions for retailers to consider.

This includes maybe one of the most important ways mobile devices can influence visual merchandising and store design… as a way to collect data. By providing valuable data that allows retailers to better understand their customers shopping behaviors, mobile devices will improve the way the store meets their customers’ needs now and in the future.

Photo credit: Antoine K on Flickr. (Creative Commons Attribution-ShareAlike 2.0 Generic license – CC BY-SA 2.0.)

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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Social Media Props: The H-E-B Limited Edition Selena Shopping Bag (Case Study)

HEB store“Fans of the late “Queen of Tejano” Selena Quintanilla caused the website of Texas-based supermarket chain H-E-B to crash after they released a limited-edition reusable shopping bag honoring the singer,” writes Thatiana Diaz in a March 9th post on people.com.

H-E-B clearly hit a homerun when it teamed up with the Selena Foundation to sell a limited quantity of special-edition shopping bags that honored the late singer Selena Quintanilla.

However, the real story goes beyond the fact that people waited in line to buy the bags or that the bags sold out so fast.

The real win was all the earned media coverage that the brand received when fans of the singer posted photos of the bags online and the press covered the story after the bags sold out so quickly and caused the H-E-B website to crash in the process.

The Selena Bags Generated a Great Deal of Earned Media

In addition to the article on people.com, the story was covered on today.com, popsugar.com, retailwire.com, and on local news affiliates’ websites around the country.

This definitely helped put the brand front and center, making it visible to a lot of potential customers.

And, as most marketers know, the best thing a brand can get is a positive mention of the brand from a customer on social media, as friends and family are the best influencers out there.

So, when fans went online in droves to post photos of the bags, as well as photos of the lines of people waiting to receive their bags, the retailer scored… big time!

To see what people posted, search for #SelenayHEB or #Selenabag on Instagram, Twitter, or Facebook.

Here are just some of the posts that I found on Instagram and Twitter:

 

Yayyyy! Thank you so much Mr. Q !!💜💜 #queenofcumbia #selenayheb @heb

A post shared by Isabel Marie💗 (@isabelmarieofficial) on

Got some! #heb #selena #queenofcumbia #anythingforselenas #selenayheb

A post shared by Monica Velasquez (@lemon78644) on

Im so excited I was able to grab a couple of these!! #SelenayHEB

A post shared by Gabrielle Nichole (@gabbyrielles) on

Anything for Selenas. #SelenayHEB A post shared by Lisa Letchworth (@512panthacat) on

QUEEN OF CUMBIA!!!! #heb #selenayheb #vivaselena A post shared by Cristina Davila (@cristybexar) on

ME SIENTO MUY… EXCITED!! WE GOT OURS!!!💓💓💓 #SelenayHEB A post shared by Bek🏋🏽🐾🍕🌮🧀 (@yourstrulybek) on

 

The Limited Edition Selena Bag as a Social Media Prop

This isn’t the first time that I have written about shopping bags as a way to get a store mentioned in user-generated posts in social media.

In fact, it was about two years ago that I wrote a post explaining how to use visually appealing luxury shopping bags as photo props to get included in the posts when customers upload photos of their in-store purchases after a long day of shopping.

In this case, though, the shopping bag was not only used to carry home the products purchased, it was the product.

A product that was the star of a lot of photos posted online shortly after the bags went on sale.

The Upside of “Sold Out”

Because the sale of the bag helped the Selena Foundation while honoring the beloved singer, I think H-E-B did almost everything right.

I say H-E-B did almost everything right, because the website did go down and they did run out of bags on the first day. Clearly there was more demand than the store anticipated.

But then again, maybe the fact that they ran out so fast was also a good thing, because the limited quantity of the bags increased their perceived value. If you don’t believe me, just look what they are selling for on eBay! (Many have sold for over $50 per bag, with one selling on March 7, 2018 for $169!)

And, if the website hadn’t crashed, would the press have covered it? Who knows? Therefore, that might be a good thing, as well.

Final Thoughts

As I have said before, offering customers a trendy shopping bag is a great way for retailers to get included in the post-purchase photos that customers upload to social networking sites after a long day of shopping.

As highlighted in this post, H-E-B offered a limited edition reusable shopping bag that honored a beloved singer and benefited the Selena Foundation. In this case, the bag was the product.

A product that a lot of customers wanted, as demonstrated by the long lines and the many posts on social networking sites from customers bragging that they got the bag or complaining that they weren’t able to purchase one.

Either way, the reusable shopping bag honoring Selena Quintanilla generated a lot of earned media for the store. And, that is a good thing.

On that note, I want to end the post with a YouTube video from a customer who just missed out on getting the bag. He was gracious even though he waited in line only to leave empty handed… twice! (He waited in line in the store and couldn’t get a bag online before the website crashed.) Hopefully, he will still be able to purchase the bag online on eBay.

Photo credit: Todd Morris on Flickr. (Creative Commons Attribution-ShareAlike 2.0 Generic license – CC BY-SA 2.0.)

Video credit: Aaron Sanchez on YouTube.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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How Social Commerce Can Help Increase Sales

Social Commerce MobileSocial networking sites have been around for over two decades.

However, it wasn’t until recently that many businesses realized that social media was a viable way to get the word out about their products or services and maybe even a place to sell directly to the consumer.

That doesn’t mean that these social networking sites weren’t trying to find ways to get businesses to use their sites to sell products early on, it was just that many businesses were slow to catch on.

While many social media platforms rely on advertising that ultimately drives users to advertisers’ websites, many of the most popular social networking sites have at least experimented with ways to get consumers to buy directly from businesses without even having to be redirected to another website.

To illustrate this, an infographic created by 16best.net  has some interesting facts about social networks as ecommerce gateways. The part of the infographic that lists a “Timeline of Social Commerce” is shown below. Although not all inclusive, it highlights some of important points in the brief history of what people often refer to as social commerce.

History of Social Commerce 16Best

 

Additional Comments on Social Commerce

In a blog post about social commerce on the Conversion Sciences Blog, Jacob McMillen states that, “Social commerce is selling that takes place directly through social platforms. Instead of using social marketing to drive visitors to your website, where you then convert them into customers, visitors are sold to directly on social media either in the form of a complete checkout experience or a “Buy Now” style click-through that triggers an off-platform checkout.”

It appears that this is what 16best.net is using as the working definition of social commerce in their infographic.

However, I need to point out that others have a much broader definition of social commerce. If you are interested, Wikipedia.org has additional information on social commerce and its other definitions.

Final Thoughts

As shown in the infographic provided by 16best.net, many of the most used social networking sites are constantly looking for ways to help businesses convert sales directly on their sites without redirecting users to another website.

This is good for the businesses selling the products because it reduces the number of steps needed to make a conversion, thus eliminating some of the lost sales that might otherwise occur because of website friction.

It is also great for the social network because it adds value to their service, not to mention the fact that it keeps the user on their site.

Remember this is only a small part of the story, as social media is often used for reasons other than conversions. In fact, often social media is part of the awareness and consideration phases of the buyer’s journey. (Note: This depends on the type of product, of course.)

That said, from a business standpoint, it is important to keep up with the options available so that you can reach your customers where they are when they need your product.

Again, your business might experience increases in sales by taking advantage of the social commerce options available, because there are fewer chances to lose the customer in the conversion process.

Photo credit: Jason Howle on Flickr. (Creative Commons Attribution 2.0 Generic license.)

Infographic credit: 16best.net blog.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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In Retail, the Best Price Is Not Always the Lowest

Photo credit: William Murphy on Flickr.Whether in a brick-and-mortar retail store or on a retailer’s website, the price charged for the products or services sold will have an effect on sales.

However, sometimes the retailer with the lowest price around won’t have the highest conversion rates.

This post is intended to highlight some of the ways that price influences purchase decisions in the real world.

Prospect Theory

If you took an introduction to economics class in college, you are probably familiar with the law of supply and demand. It basically asserts that, if everything else remains the same, as the price of a product decreases, the demand for the product will generally increase.

However, in the real world, this relationship does not always prove to be true.

The reason for this can be explained by a theory developed by Dr. Daniel Kahneman and Dr. Amos Tversky.

According to Wikipedia, “Prospect Theory is a behavioral economic theory that describes the way people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known. The theory states that people make decisions based on the potential value of losses and gains rather than the final outcome, and that people evaluate these losses and gains using certain heuristics. The model is descriptive: it tries to model real-life choices, rather than optimal decisions, as normative models do.”

As several experts have pointed out, this plays out each and every day in the retail world.

Consumers Will Pay Full Price for Some Brands

As you know, there are a few brands that have established enough brand equity that people are willing to pay higher prices for the products and services that they sell.

Often this means that retailers can sell these products to customers at full price.

And, in some cases, even the sale prices for these items are higher than the full price of some of the less expensive alternatives.

As I will explain later in the post, these products are extremely important to retailers for many reasons.

The Power of a Sale

In his New York Times bestselling book, titled “Contagious: Why Things Catch On,” Dr. Jonah Berger mentions an experiment conducted by Dr. Eric Anderson and Dr. Duncan Simister.

As explained in the book, Dr. Anderson and Dr. Simister partnered with a company that sends clothing catalogs to people all over the United States.

To test the power of a sale, they send two versions of the catalog to people all over the country.

In one version, they listed a specific product at full price and in the other they said the product was part of the “Pre-Season SALE.”

However, in reality, the price was exactly same in both versions of the catalog.

The only difference was that in one version it was listed as a sale price and in the other it was not.

In the end, they found that just by saying the product was on sale increased sales by more than 50 percent!

The Size of the Discount Matters

In “Contagious: Why Things Catch On,” Dr. Berger uses an example of two stores selling the same grill to illustrate how the size of the discount can be more important than the final price that the item is sold for.

As he explains, the store in scenario A lists the original price of the grill as $350, but sells it at a sale price of $250.

On the other hand, the store in scenario B lists the same grill at an original price of $255, but sells it at a sale price of $240.

When Dr. Berger asked 100 different people to evaluate each scenario, he found that 75 percent of people who were given scenario A said that they would purchase the grill, but only 22 percent of people given scenario B would make the purchase.

In scenario A, the sale price is $100 less than the original price. In scenario B, the sale price is only $15 less than the original.

However, remember that in each case the grill is exactly the same, but the final price in the second scenario is actually less than the first.

In this case, it was the size of the discount, not the actual final price that got people to say that they would make a purchase!

How the Discount Is Stated Matters (The Rule of 100)

In the book, Dr. Berger also highlights the fact that the original price will determine whether to list a sale in terms of a percentage off or an actual dollar value.

“Researchers find that whether a discount seems larger as money or percentage off depends on the original price,” writes Dr. Berger. “For low-priced products, like books or groceries, price reductions seem more significant when they are framed in percentage terms. Twenty percent off that $25 shirt seems like a better deal than $5 off. For high-priced products, however, the opposite is true. For things like laptops or other big-ticket items, framing price reductions in dollar terms (rather than percentage terms) makes them seem like a better offer. The laptop seems like a better deal when it is $200 off rather than 10 percent off.”

Dr. Berger goes on to explain that a good rule to follow is that if the product’s price is less than $100, then a percentage discount seems like a better deal. On the other hand, if the price of the product is more than $100, a discount expressed in the number of dollars off is a better way to go.

Full-Priced Items Can Make Other Products Sell Faster

Remember those full-priced items that I mentioned earlier in the post.

The fact that a store sells them can actually help increase the sales of the mid-range items that it sells.

In “Brainfluence: 100 Ways to Persuade and Convince Consumers with Neuromarketing,” Roger Dooley highlights the fact that selling high-end items increases the likelihood that people will buy products that are considered the next best option.

As Dooley points out, “A Standford University experiment had a group of consumers choose between two cameras, one more full-featured than the other. A second group chose from a selection of three cameras, which had the other two cameras plus one even higher-end model.”

“The first group split their purchase about 50/50 between the two models,” writes Dooley. “But, in the second group, fewer of the cheapest unit sold while more of the second camera sold. Adding the very expensive model made the second camera look like a reasonable compromise.”

Therefore, adding high-end items that sell at full-price can be a good choice for retailers. If the full-price items sell… great. But, if not, they might help increase the sales of the mid-level products sold at the retail store.

Keep in mind, this only works if customers see all the options available to them.

Therefore, it is not surprising that in many brick-and-mortar retail stores, people have to walk past the really high-priced items to get to the other options available to them. This makes the other items seem like a bargain in comparison.

A similar thing could be done on a website by listing other options available when customers search for specific products. The great part of an online store is that retailers can easily do A/B tests to see what website design converts the best.

Final Thoughts

In his book, Dr. Berger explains how the price of products and services influence sales. His book includes an explanation of Prospect Theory and how it can be used to explain why the store that sells a product at the lowest price doesn’t always sell it at a higher rate than other retailers in the area.

Roger Dooley’s book also highlights how price can influence sales in several different ways.

Both books offer lessons that retailers can use both in their brick-and-mortar stores and online.

In the end, it is important to keep in mind that people don’t always act the way that we would predict that they would.

Therefore, we need to test different options in an effort to find the underlying reasons why people do or do not buy products.

This will allow retailers to modify the shopping environment in an effort to increase the number of conversions and ultimately improve the bottom line.

Photo credit: William Murphy on Flickr.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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Your Online Content Might Reach More People Than You Think

Photo credit: magicatwork on Flickr.Digital marketers spend a lot of time assessing the effectiveness of their online content by looking at things that can be tracked and measured  (e.g., clicks, likes, shares, comments, etc.)

However, if we only pay attention to online metrics, we are most likely underestimating the reach and efficacy of our marketing messages.

This is due, in part, to the fact that we still “live” most of our lives offline.

Therefore, marketers really need to find additional ways to measure the success of our marketing activities.

However, because a lot marketers still create content for branding purposes, sometimes it is difficult to accurately judge the effectiveness of an individual piece of creative at all, because the influence of branding messages need to be evaluated over a longer period of time.  (This is something that Bob Hoffman, CEO of the Type A Group, pointed out in Episode 413 of The BeanCast Marketing Podcast.)

Most Word of Mouth Happens Offline

In his book, titled “Contagious: Why Things Catch On,” Dr. Jonah Berger, professor at the Wharton School at the University of Pennsylvania, points out that most word of mouth happens offline.

According to Dr. Berger, most people tend to think that around 50 percent of word of mouth happens online.

However, most people are wrong.

“The actual number is 7 percent. Not 47 percent, not 27 percent, but 7 percent,” writes Dr. Berger. “Research by the Keller Fay Group finds that only 7 percent of word of mouth happens online.”

Dr. Berger goes on to point out that even though we spend a lot of time sharing online, we spend more time offline and offline conversations are rarely documented.

Furthermore, he points out that while online conversations could potentially reach a lot more people, many of these potential recipients don’t actually see every online post.

What Gets Shared Online Is Also Shared Offline and Vice Versa

If the content that we create is compelling enough, people will share it.

The problem is, people share content the way that they want to.

That means that after you post something online it might get shared by people online.

However, a person who sees your content on one social networking site might share it on another social networking site.

Or, they might call people over to their computer or smartphone and say, “Hey, look at this.”

They might also just mention it in passing when talking to friends, family, or coworkers in their day-to-day conversations.

And, as other experts have pointed out, what is shared online could potentially reach the right person with the ability to spread the message through other more traditional media outlets.

For example, back in 2012, Tom Webster highlighted the fact that 80 percent of people claimed to have received information from Twitter because it was relayed to them in other media (e.g., television, radio, other websites, etc.) Even back then, 44 percent said that this happened almost every day.

I would guess that both of these numbers are higher today, given the fact that both of the current presidential candidates know that when they post something on Twitter there is a good chance that what they post will be cited in the evening news or in other media outlets.

While most businesses don’t get the attention that presidential candidates do, their posts still have a chance of being shared in many ways once it is posted online for everyone to see.

Final Thoughts

As the saying goes, “What gets measured gets done.”

Since business leaders often need to justify their budgets, it might be more accurate to say, “What gets measured gets funded.”

Because there are so many ways to measure the effectiveness of the content that we post online, measurement has become a very important part of the content creation process.

And, the good thing is that some very smart people are constantly working on ways to improve the accuracy of the analytics that marketers use each and every day.

However, as I have tried to point out in this post, we still have a long way to go, particularly when examining how content is shared.

It is therefore often necessary to find alternative ways to measure how effective your content is in accomplishing the desired goal in order to justify creating it in the first place.

That said, in some cases it might never be possible to measure all the ways that your content influences your bottom line even when there are some analytics to help guide you along the way.

That is, unless you stop creating content altogether and measure the decrease in sales over time.

The problem with this is that it probably will allow your competitors to grab the attention of your potential customers.

Therefore, this is clearly not the best solution.

Instead, the best solution is often to measure what we can, but realize that our content might be influencing sales in immeasurable ways.

Photo credit: magicatwork on Flickr.

Chad Thiele

Marketing analyst and strategist, content curator, applied sociologist, proud UW-Madison alumnus, and an Auburn-trained mobile marketer. My goal is to help businesses identify trends that will help them achieve their marketing objectives and business goals. I'm currently looking for my next career challenge. Please feel free to contact me anytime at: chadjthiele@gmail.com.

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