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Has Your Marketing Adjusted for the Current E-commerce Surge?

April 7, 2020/in B2C Marketing, Brand Marketing, channel preferences, Creative, Data Analytics, Digital Marketing, E-commerce, KPI, Marketing Plan, Multi-Channel Marketing, Online Advertising, Real-time Marketing, Response Analytics, Retail Marketing, Search Marketing, Testing, Video Marketing, Website /by David Kanter

Pandemic lockdowns across the nation have turbocharged e-commerce, with online sales growing by triple-digits since social distancing went into effect. Many predict a longer-term change in buying habits that will continue after the crisis has passed. The new environment is pushing some AccuList’s clients, especially retailers, to up their online game. Is your marketing ready? Most marketers are not, according to a recent Profitero and Kantar survey of 200 brand executives, which found that only 17% believe their organizations are leading competitors in e-commerce.

E-commerce Marketers Need to Prioritize Key Strategies

E-commerce marketers need to quickly prioritize key strategies, advises a recent post by Forbes magazine’s CMO Network contributor Sarah Hofstetter. A problem identified by the Profitero and Kantar survey, for example, was that only 11% of organizations have functional-level e-commerce goals in place. Hofstetter urges organizations to make e-commerce a part of everyone’s job, from building e-commerce KPIs into bonuses to accountability for quality content on retailing websites to cross-functional e-commerce goals to overcome internal silos. Next, marketers should recognize that, because online consumers are likely to shift among brands in a time of limited inventory, delay and hyper-competition, they need to boost online profiles and product discovery efforts. That includes targeted SEO and SEM, strong ratings and reviews, engaging targeted content, and aligned multichannel outreach. Third, e-commerce’s new hyper-competition requires a shift from offline to speedier online tactics, such as algorithmic matching of competitor price changes and real-time tailoring of product assortments and promotional strategies by audience. Fourth, organizations can beat competitors by boosting online agility. Note that 63% of brands do not test and optimize their content to improve sales impact (Profitero and Kanta survey), and 61% do not use digital shelf analytics or shopper panel data to test, measure and improve digital execution. So brands that digitally test new products, new traffic-generating variables and new marketing messages can get ahead of the curve.

Messaging and Media Mix Can Adapt to New Realities

Janet Balis, a principal of Ernst & Young LLP, recently penned a Harvard Business Journal article offering broader advice for marketers as they lean into today’s new buyer realities. The nuances of creative messaging and brand voice have become more delicate, she notes, warning that commercially exploitative brands will not fare well. An example of smart messaging comes from Guinness, which shifted its usual St. Patrick’s Day focus from celebrations to longevity and well-being. Plus, organizations that promote doing good, from food bank donations to repurposed manufacturing for PPEs, enhance brand image for the longer term, as long as contributions are perceived as material and not solely for commercial benefit. Next, since the mix of consumer-preferred media platforms has changed during the crisis, marketers may want to modify their media mix, for example with more ad-supported premium video streaming to take advantage of spiking digital entertainment, or advertising around peaking news consumption (broadcast or digital). Finally, marketers will want to put a greater emphasis on behavior trends and response tracking to better adapt messaging and targeting. Closely observing trends on social-media platforms and e-commerce product pages can help more quickly spot opportunities and looming problems.

Even Small Retailers Can Use Google Tools to Boost Agility

Google is the lead search engine for e-commerce players, and it recently offered advice for using its tools to improve results during the pandemic and beyond. Even smaller, less sophisticated retailers can take advantage. For example, the online agility advised by Forbes and Harvard Business Journal articles requires staying informed of market and customer changes. Tools such as Google Trends and Google Alerts help users stay up-to-date on local conditions and customer mindsets, while retail-category metrics for Google Search and Shopping campaigns help spot shifts in product category demand. In the overcrowded e-commerce space, transparency and accuracy also loom large in capturing fickle visitors and buyers, so Google advises not only updating the customer-facing website but also the Buyer Profile on Google Maps and Search, for example to show changes in hours, extra safety precautions, shipping timelines, delivery or pickup options, etc. Finally, online customers now expect companies to rapidly adjust. So, within Google Ads, e-commerce efforts should update campaigns for any product or policy changes, and retailers should also enable automatic item updates in the Google Merchant Center to keep inventory and product data current, especially for price and availability.

Harness These 2019 Trends to Boost Social Media ROI

January 2, 2019/in AI, Apps, Brand Marketing, Content Marketing, CPM, Data Privacy, Influencer Marketing, Interactivity, Lead Generation, Marketing Technology, personalization, Real-time Marketing, ROI, Social Media Marketing, Social Sharing, Uncategorized, Video Marketing /by David Kanter

As social media marketing competition rises, organic reach dwindles and social ROI gets tougher, AccuList USA clients will need to hone their social media marketing data, targeting and creative strategies. Here are just a few big social media trends to include in planning for next year, based on analysis by Hootsuite and Social Media Today.

A Need to Re-build Trust and Transparency

Trust in social networks has declined. Edelman’s “2018 Trust Barometer” found that 60% of respondents no longer trust social media companies, and Facebook is among the hardest-hit, thanks to headlines about its role in 2016 presidential election interference, ongoing “fake news” abuses, and security breaches compromising user data, reports Hootsuite. Twitter has its own trust problems because of the use of bots and fake accounts. As a result, Hootsuite sees brands focusing less on maximizing reach and more on “transparent, quality engagement.” Instead of posting the same content across multiple platforms, marketers are more likely to favor context-specific and audience-specific messaging that reaches smaller but more valuable groups in 2019. The need to balance privacy demands with personalized treatment is also leading marketers to be more open about when and why data is collected and then to use only willingly shared information to create personalized one-to-one experiences and unique value offers. Yet personalization still drives success despite privacy issues. Social Media Today (SMT) reports that up to 96% of marketers surveyed believe personalization advances customer relationships.

Micro-Influencers Replace Celebrity Influencers

As the number of social media influencers has grown over time, prices for their services have climbed, and, at the same time, trust in celebrity influencers has declined, both Hootsuite and SMT report. One solution is to increase use of experts and employee advocates over celebrity influencers, notes Hootsuite. Meanwhile, SMT suggests more micro-influencer marketing. As opposed to major influencers, micro-influencers exist in every marketing niche. While they have followings of fewer than 10,000 people, most of the micro-influencers’ followers are genuinely interested in what they have to say. Since micro-influencers are not massively targeted by advertisers, they also are seen as trustworthy and down-to-earth, notes SMT.

Stories Format Challenges New Feed Use

Hootsuite predicts that “the news feed may be slowly becoming a thing of the past,” as social media users increasingly prefer content in a stories format. Certainly, the stories format has exploded on Snapchat, Instagram, Facebook and WhatsApp–and is even being tested by LinkedIn. In fact, Hootsuite cites a recent finding by consulting firm Block Party that sharing via that method is growing 15 times faster than feed-based sharing. One way marketers can ride the trend is to push intimate, less polished content in a stories format, suggests Hootsuite, although the company acknowledges that the stories format’s intimacy and spontaneity do not fit with all brands.

ROI Gets Tougher, But Shopping Gets Easier

Social marketers who rely mainly on organic reach are behind the curve. The pay-to-play era is here and driving larger social ad budgets, Hootsuite notes, with “The CMO Survey” reporting a 32% increase in social budgets in 2018 alone. As the price tag for social ads rises, along with competition for audience, ROI is getting tougher. Hootsuite can cite the most recent “Internet Trends Report” from Mary Meeker, which found that while click-through rates on Facebook are up 61%, CPMs (cost per thousand impressions) have soared 112%. But good ROI is still attainable, especially as the gaps between social media and commerce narrow. For example, Meeker’s 2018 report also showed that 55% of survey respondents have purchased products online after social media discovery. Shopping is being made easier by technologies such as in-stream payment tools and video plugins along with social media special features such as shoppable posts, Instagram’s Explore shopping tab, Facebook Marketplace and Pinterest’s Buyable Pins. Video is especially effective in social ads, with a study by video marketing company BrightCove showing that 74% of respondents cited a connection between watching a social video and making a purchase.

Growing Real-Time Messaging and Listening

Messaging applications are becoming integral to social media business relationships. Hootsuite cites a survey from Twilio, which found that nine out of 10 respondents would like to use messaging apps to communicate with businesses. Plus a study by Facebook IQ finds that 61% of U.S. respondents used a messaging app to contact a business in the prior three months. The audience reach of messaging is undeniable. According to Meeker’s report, the top five messaging applications—WhatsApp, Facebook Messenger, WeChat, Instagram and Twitter—total some 5 billion monthly users. However, there are challenges, warns Hootsuite, such as messaging scale and using artificial intelligence in a way that avoids privacy infringement and unsolicited communication. The next step, predicts SMT, is use of social listening (monitoring) to actively generate leads and facilitate social selling. Social listening is the act of crawling the web and social media platforms to find all mentions of a brand (or keywords) on social media platforms, blogs, forums and news sites. Monitoring tools such as Awario, Brand24, Mention, Brandwatch, and Hootsuite now are used mainly for customer service and reputation management, but a few brands are already monitoring to find leads, and some monitoring tools are introducing features for lead generation!

2019 Forecast Stresses Mobile Marketing Innovation

December 23, 2018/in AI, Analytics, Apps, AR, Brand Marketing, Content Marketing, Creative, Data Analytics, geo-targeting, Interactivity, Marketing Trend, Mobile Marketing, Mobile Optimization, Real-time Marketing, Targeting, Video Marketing /by Katherine Sharma

As mobile use has expanded to include the majority of the population, mobile marketing has become integral to AccuList USA clients’ multiple marketing channels, including direct mail’s mobile-scanned QR & AR codes, mobile-optimized e-mail, nonprofits’ mobile giving and retailers’ geo-located ads and apps. When the average U.S. adult is expected to spend more than three and a half hours a day on a mobile device and 70% of digital advertising is already mobile, it’s no surprise that 2019 is forecast to be another banner year for mobile marketing. A recent ClickZ post outlines some of the big trends to expect.

Increased Efforts to Combat Mobile Ad Fraud

Mobile ad fraud is on the rise, doubling year-on-year during the first quarter of 2018, which also saw an increase in fraud sophistication, such as SDK spoofing and click injection. As a result, ClickZ author Luca Mastrorocco predicts that advertisers will push to avoid fraud and boost brand safety by demanding supply chain transparency from vendors, increasing use of anti-fraud metrics for mobile apps, and seeking to engage users directly via mobile network operator rather in-app.

More Apps and More Diverse Apps

Even with over 2 million apps in both Google Play and the Apple App store, Mastrorocco asserts that the mobile app landscape is far from saturation, citing innovations such as J.P. Morgan’s online banking app offering free or discounted trades in its digital investing service, the success of TikTok’s viral 15-second video app, and Facebook’s investment in a new Lasso app to compete with TikTok. He foresees even more app development and innovation ahead, especially in AI-based apps and use of virtual reality and augmented reality (AR).

An Embrace of Mobile Interactivity

Mastrorocco also predicts that interactive mobile experiences, such as IKEA’s new AR app allowing users to virtually place furniture in their homes, will blossom in 2019, blurring the line between mobile advertising and content. Gamification will play a central role in interactive mobile marketing, even among non-gaming brands, he adds, as brands use playable ads to communicate with users in a entertaining way and to join digital and brick-and-mortar sales, such as by rewarding players with prizes or discount vouchers that can be redeemed in-store.

A Focus on Real-Time Data Tracking & Analytics

Expect data-driven tactics to expand significantly in 2019. Brand marketers are forecast to increase their demand for user-centric advertising that tracks performance and analyzes results in real time to optimize media and creative in-flight. Their goals will be to both produce the best possible user experiences and more cost-effective ad spending. Brands using real-time data to produce iterative in-house creative can gain a competitive edge over those relying on agency creative, per Mastrorocco, who sees a resulting rise in experimentation with geo-location targeting and dynamic creative optimization. For the complete article, go to https://www.clickz.com/mobile-marketing-2019/221210/

Skeptical of Marketing Tech Buzzwords? You’re Not Alone

January 18, 2018/in AI, Big Data, Data Analytics, Data Management, Digital Marketing, Marketing Research, Marketing Technology, Marketing Trend, Multi-Channel Marketing, Omnichannel, personalization, Real-time Marketing, Uncategorized /by Katherine Sharma

To help support direct marketing clients, AccuList USA tries to keep up with the latest in marketing technology and tactics, and so we’ve been bombarded along with clients by advice on how to seize opportunities with personalization, “big data,” omnichannel, real-time marketing, and, most recently, artificial intelligence (AI). Marketers struggling to find room in real-world budgets often worry that they’re falling behind in an escalating martech arms race! New research by Resulticks—a survey of over 300 marketing pros across industry verticals—offers interesting perspective.

Big Expectations: Big Data and Personalization

“Big Data” was the hot topic at the 2013 DMA Annual Conference, with 50% of marketers enthusiastic about investing. But making practical sense of those data torrents turned out to be more difficult than expected. Resulticks finds that only 16% of today’s marketers have fully implemented big data solutions, 20% have given up on the concept, and just 27% rank big data as a top priority now. Part of the problem is overhyped, underperforming martech platforms, per the survey, with 21% of marketers complaining that vendors overpromise and underdeliver. In contrast, personalization—meaning targeting that goes beyond basic attributes such as name to deeper parameters such as purchase history and online behavior—has done better in fulfilling expectations, with 60% of today’s marketers reporting full or partial implementation. The only fly in the ointment: Tech investments have not always kept pace with enthusiasm, and only 20% rate their software ability to deliver personalization as “excellent.”

Technically Challenged: Omnichannel

Back in 2014, one study found almost half of retailers saying they were going to commit to an “omnichannel” approach. Unlike multichannel marketing, where marketers touch customers at multiple points on their journey, the ambitious goal of omnichannel marketing is to create a seamless customer experience across all channels. Resulticks finds that only 9% of today’s marketers describe their approach as omnichannel, compared with 63% who use a multichannel approach. Technical barriers explain omnichannel’s failure to thrive. Only 35% have fully or partially implemented the required software platforms for omnichannel, and, among those who have bet on platforms, 58% rank vendor execution as “poor” to “fair” (compared with 13% who give their omnichannel software “excellent” marks).

Enthusiastic Embrace: Real-time Marketing

There’s a better report card for the “real-time marketing” that rapidly uses data across channels for more timely, targeted engagement in the customer journey. Resulticks reports that 49% of marketers rate their real-time marketing ability as “good” to “excellent,” that half say they have fully or partially implemented real-time marketing solutions, and that 47% say real-time is a priority for their organizations today. However, many marketers may need to adjust their definition of “real-time” if they want to compete for customers’ expectations; 47% are defining real-time as responding in an hour or more (with 20% taking a day or more), compared with the 12% delivering true real-time response in the milliseconds.

New Kid on the Block: AI

Social media giants have been betting on AI, and marketers are following their lead, with one study showing more than 50% planning to adopt AI in the next two years. However, Resulticks’ survey finds almost half (47%) of the marketers polled already rate AI as overhyped. Here’s a big source of that skepticism: 43% of marketers believe martech software vendors overpromise and underdeliver, and 69% rate their vendors’ ability to execute AI as “fair” to “poor.”

To download the study report, go to https://www.resulticks.com/marketingflabtofab.html