Archive for December, 2011

Content First, Product Second

Usually the product is built first and then the idea of creating content starts with a blog, Facebook page and everything else in an effort to find customers. It turns into a struggle trying to make a content creation and curation strategy. Why not come up with the content first and then build the product?

I’m a fan of the book Lean Startup which promotes the idea of creating a Minimum Viable Product as a strategy for fast and quantitative market testing of a product.

From Wikipedia:

“A Minimum Viable Product has just those features that allow the product to be deployed, and no more. The product is typically deployed to a subset of possible customers, such as early adopters that are thought to be more forgiving, more likely to give feedback, and able to grasp a product vision from an early prototype or marketing information. It is a strategy targeted at avoiding building products that customers do not want, that seeks to maximize the information learned about the customer per dollar spent. “The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.”

Whats more minimum than content? Content allows for the least amount of effort to test a product idea. Especially if the product is a consequence of a cause or purpose that the audience is rallying around. Once you have an audience built, and have continually collected their feedback, then you already have your customers.

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What Gets Measured Gets Held To A Higher Standard

marketing accountability

As soon as a certain marketing tactic becomes more measurable it gets held to a higher standard. Most big advertisers don’t think twice when they spend millions of dollars on a TV ad because they have only fuzzy metrics to measure it against. Rarely is someone allowed to spend millions on Paid Search and not have to account for how much business it drove down to the last dollar.

Once Internet TV becomes a reality advertisers will know exactly how many people watched their ads and I think it will drastically change the way ads are created and targeted.

Just because its hard to measure doesn’t mean it doesn’t have value. Brand marketing is important without question. But sometimes direct response channels can be held to too high of a standard.

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Remarketing Sweet Spot

Not everyone who visits your site should be remarketed to – or at lest some users make more sense than others – and the optimal remarketing strategy should be to only market to those with the most potential to come back and convert as a result of you paying to advertise to them.

Its easy to juice the numbers so that they look better by only targeting, and taking credit for, visitors that are highly motivated and by not targeting visitors that are very unmotivated. Visitors that are highly motivated, like visitors that have multiple items in their cart are probably going to come back and buy without any nudging from display ads. Not targeting the unmotivated, like anyone who bounces from the site will increase ROI because those people are probably are not very interested anyway.
In between is the sweet spot: remarketing to those who are interested enough to engage on the site but just not quite enough so that its obvious that they are planning on coming back and purchasing.
Remarketing Sweet Spot
Google adwords does allow for this customization to a point. You can create custom combinations that exclude people who bounce and exclude people who have added items to their cart. Unfortunately you can’t get so granular as to exclude based on the number of pages they visited. But when talking to any other vendors you should be wary of these strategies that try to inflate how well the campaign looks like its doing.

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The Definition Of Brand Is Purpose

A company’s ability to sustain long term growth and customer loyalty is usually attributed to the strength of a company’s brand. But defining what a brand is can be difficult. I think defining your brand as your company’s purpose helps pin point exactly what it is, and gives you a way to improve it.

A strong sense of purpose, the definitive statement about the difference they are trying to make in the world, is what helps brands and businesses succeed (I wrote an ebook about it).

It makes sense because a brand and a purpose share all the same qualities. They aren’t the product, the logo, packaging or trademarks and the neither the purpose or brand is another word for marketing. Brands and purpose are not tangible.

The purpose and brand reside inside the customers’ mind. They got into the customers mind through their experiences with your product, service, or organization. It is a feeling. People donʼt buy the product, they buy the way the buying process makes them feel. The way you feel when you buy is the brand, that brand is the purpose.

Branding is not solely a marketing function. It’s an organizational function. In one way or another, every person in your organization contributes to shaping your customers’ experiences with your brand — even if they don’t face the customer. The best way to unify every action towards customers is through purpose.  There are not enough rules and enough time in the day to explain to each employee what they should do in every possible circumstance with a customer. In this environment employees need to know purpose. With purpose they have a basis to know how to react to every customer question and how to know what they should do in every business circumstance.

Integration, or consistency of message is very important to a brand, to ensure that the visual identity of the brand is consistently expressed throughout all mediums. Focusing on purpose allows the company to not only focus on integration, but to create opportunities to deliver multiple dimensions of that purpose. The purpose unifies all interactions with the brand. Look at all the ways the customer interacts with the brand and find the highly influential areas like store environment, product design, customer service or environmental practices that affect how the brand is perceived and inject them with purpose.

Not only is your purpose and brand taught to customers at every touch point, purpose is increasingly important for brands to compete online due to online price transparency. Click through rate in a paid search ad has a lot more to do with a prospects understanding of a company’s brand and purpose than a great call to action. Search Engine Optimization grows when your brand is seen as the authoritative source. Customers who identify themselves with the purpose of the company will improve conversion rate faster than website optimization will.

Brand and Purpose In Online Marketing

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