Why Your Website Isn’t Enough

March 7th, 2013

Your company may have a robust, full-featured Web site, complete with a searchable online catalog, product specification sheets, technical articles, intuitive navigation, a site map and more. If this is the case, you should be commended for a job well done.

Yet, in the digital age, having a great Web site isn’t enough to help you rise above your competitors and gain the attention of potential customers. The fact is, your target audience and customers use a variety of online sources to seek out suppliers, products and information. Your company Web site is one of those sources—and an important source—but it’s not the only one, and usually not the first one that potential customers find.

According to the 2013 Buy Cycle Survey, in the early stages of the buy cycle, when buyers are defining needs, conducting research, and identifying vendors, a broad array of information sources are used, including Read the rest of this entry »

Return On Marketing Investments

October 9th, 2012

Marketing departments are now under unrelenting pressure to demonstrate a significant return on marketing investment (ROMI).  This often leaves marketers uneasy, leading to questions concerning the efficacy of their work.  Did this email campaign contribute to the product’s bottom line? How can I determine how much revenue that banner ad produced?

These may not even be the correct questions. Read the rest of this entry »

Do your customers really want engagement with you? Ummm…no.

August 30th, 2012

New evidence from the HBR helps bust through the hype and hysteria around consumer engagement. I’ve oftentimes thought the idea of consumers wanting a “relationship” with your brand is not true for most brands. And the good old Harvard Business Review has given me some hard data to back this up, reporting on a study involving more than 7000 consumers. They suggest “Companies often have dangerously wrong ideas about how best to engage with customers.” I’ll say.

Social media experts claim that it’s not enough to have lots of people following you. What really counts is engagement: interacting with them regularly, and creating a 2-way dialogue. Here’s a classic quote, from The Social Buzz Lab: “There is an art to engaging in social media. Its not about your products or services its about building relationships. Whether its online or offline networking, its all about interaction.”

Myth #1 BUSTED: Most consumers DON’T want a relationships with your brand.

I’ve been questioning for awhile, if your not selling Prada, but are selling pasta sauce or pet food,  who in their right mind would want a relationship with your brand? And the HBR study confirmed this. 77% of consumers don’t want relationships with brands. As the report says, “In the typical consumer’s view of the world, relationships are reserved for friends, family and colleagues.”

So, unless you are a luxury product, stop trying to build relationships. Focus on doing what brands were invented for: helping people choose quickly and confidently to simplify their life. Make a good product. Make some good marketing to promote it. Sell it in lots of places. Period. Read the rest of this entry »

The Graveyard of Failed Brand Extensions and what you can learn from it.

August 16th, 2012

 Welcome to the Museum of Failed Products located in Ann Arbor, MI.

Brand Museum

 

A past article describes this place as follows:

It appears to be a vast and haphazardly organized supermarket; shelves are crammed with thousands of packages of food and household products. There is something unusually cacophonous about the displays, and soon enough you work out the reason: unlike in a real supermarket, there is only one of each item. And you won’t find many of them in a real supermarket: they are failures, withdrawn from sale after a few weeks or months, because almost nobody wanted to buy them.  

Imagine products like “Fortune Snookies, a short-lived line of fortune cookies for dogs”, “Pepsi AM Breakfast Cola” and, yes, “Colgate Ready Meals.”

So, what can we learn from the brand extension graveyard?

  Read the rest of this entry »

The 5 Hidden Habits of Ineffective People

June 14th, 2012

Chris Wake says it best, “No one sets out to be ineffective, but it’s easy to pick up these habits. Too easy.”

Watching your own vanity metrics –
Everyone suffers from some level of vanity. A need to be liked. The Internet feeds that need, keeping popularity at the forefront of any online identity with lists of ‘Friends,’ ‘Followers,’ ‘Connections,’ ‘Re-Pins’ and even the ‘Like’ itself. Ineffective people tend to feed on these popularity metrics, whereas effective people recognize that these are shallow indicators. Effective people focus more on engagement and strength of relationships; they create quality content to solicit engagement from others, or seek out interesting people and proactively engage them on their own terms.

Starting the day responding to others -
Ineffective people allow others to set the agenda for their day. They start their morning reading or responding to others’ requests. Effective people approach each day with an agenda for what they want to accomplish, start their day tackling a task crucial for accomplishing their goal, and respond to others when (or if) it works with their agenda. Read the rest of this entry »