Monday, April 28, 2014
Wednesday, April 23, 2014
Add Pinterest to Your Marketing Strategies
Tuesday, April 15, 2014
Honest Abe, A Cherry Tree, and Running a Successful Business
Friday, April 11, 2014
Don't Overlook SMS: Why Your Marketing Strategies Should Incorporate Text Messaging
Mobile text messaging, also known as SMS (for short message service), may just represent the next frontier in mobile marketing. Why? More than 4 billion people worldwide -- and 75 percent of Americans -- regularly send and receive text messages. With the recent announcement that social media giant Facebook is acquiring WhatsApp -- an SMS platform that allows users to send free text messages on smart phones of all kinds -- texting's popularity isn't likely to decrease anytime soon.
Here's why you should take advantage of this growing market and add SMS to your marketing strategies. The Power of the Personal In Internet years, text messaging is a virtual grandfather; after all, the technology has been around for more than 20 years. In fact, it's been around so long that a (mind-blowing) two-thirds of the Earth's population has access to it. Perhaps due to the well-established nature of SMS, many companies have bypassed it as a marketing strategy, probably in their rush to drive customers to the mobile-optimized versions of their websites. However, as any marketing guru will tell you, customers respond best when a campaign engages them personally. That's where text message marketing comes in. Stats from Techipedia reveal that:
Given these high response rates, using SMS seems like a no-brainer. Just send out a few well-worded messages to leads, and watch the sales grow -- right? Of course, there's a catch. In order to be successful, text message marketing requires thoughtful implementation. Effective Implementation of Text Message Marketing Consider how annoying you (probably) find telemarketing calls, spammy-sounding emails, and all of that other marketing stuff you're constantly bombarded with but didn't sign up for. Same goes for SMS; no one wants to receive random or irrelevant text messages all the time. Add in the fact that some mobile users have to pay for each text message they receive, and the importance of only sending texts to those who've opted in becomes crystal clear. It's all about relevance. Speaking of relevance, one of the most effective uses of text message marketing is keeping in contact with your existing customers. They've already tried your product or service and decided they like you. SMS offers a cost-effective way to keep in touch. Whether you're announcing a special event, sending a coupon code, or implementing a loyalty program, the judicious use of text messages keeps your company in your customers' consciousness. SMS can also enhance your customers' experience. Text messages containing reminders, schedules, notices of last-minute availability, and even customer satisfaction surveys provide value to your customers while saving them time and hassles. Appropriate Uses of SMS Marketing Here are a few ways to incorporate text messaging into your marketing plan in a way that customers will appreciate. Promotions and Sales: Send promo codes, coupons, and special event notices. Consider geo-fencing to send offers to opted-in customers when they come near your place of business. Receipts: Sending receipts makes it easy for customers to keep track of spending. Surveys: Customers can fill out surveys about their experience, providing you with valuable feedback. Loyalty Programs: Make it easy for customers to join your loyalty program via text, and get information you need to develop detailed customer profiles that help your marketing strategies. No matter what you're using SMS for, the key lies in creating an opt-in program and focusing on content that provides value to customers. Text messaging shouldn't be used to generate leads; instead, it should provide relevant information to interested customers. |
Thursday, April 3, 2014
Being the Apple of the Industry
When it comes to technology, few companies have enjoyed the branding success of Apple. In certain circles, they've cast themselves as the industry standard. Customers across the country line up for days to be the first to buy their latest products, even if their latest phone has only minor improvements over the previous one. Apple's products are so coveted that many people even overlook the company requiring them to buy special parts or the lack of synchronization with other technologies inherent in some Apple products, just for the opportunity to be part of the Apple community.
The power of the Apple symbol and reputation is something many companies can only hope to one day taste. What makes the power even more incredible is that among the technologically inclined, there is still a debate if Apple products are actually superior to other brands. So how in the world did Apple manage to control the conversation about technology so completely that users of their devices feel so superior? Perhaps even more importantly, what can you learn from Apple's experience and apply to your own business? Apple and Innovation Apple is nearly synonymous with innovation. The company prides itself on being the first to develop a wide range of products. For products that are already in existence, they look for ways to make theirs superior. Being a follower is not in the vocabulary of an Apple designer. Steve Jobs and his business partners were experts at getting people excited. Even if an idea had already been used by other companies, they had a way of making investors and customers feel as though they were getting something new and exciting, and people jumped at the chance. As a business leader, you should aspire to this same spirit of innovation. Rather than looking and seeing what has made your competitors successful, try instead to see where your competitors still fall short, and capitalize on those differences. Take these weaknesses and use them to drive the industry forward, with your company at the helm. Apple and Price There's no denying that Apple products tend to cost more than comparable products from other companies, yet that has not hindered the company's progress. While customers like feeling as though they're getting a good deal, they're more concerned about getting quality and service. An estimated 70 percent of customers would be willing to pay up to 13 percent more if it meant having a more positive customer experience. Apple has fine-tuned the customer experience. Just walk into one of the stores, and watch how carefully the associates acknowledge you, get to know your name, and find out what you're looking for. The products themselves also define style and elegance. While people might debate whether Apple is the actual industry leader, few would deny that their products do perform well and continue to amaze people with what technology is capable of doing. When companies successfully combine innovation, customer service, and solid products, sometimes a bump in price can actually work in their favor. The higher prices Apple charges only add to the perception that their products are superiorly made. Whether people love or hate Apple and its products, they cannot deny the influence the company has had on the technology industry. For many, the company represents the pinnacle of branding and controlling an industry conversation. Although only a few companies can so completely dominate their respective industries, all businesses can learn from Apple's business model. Apple offers lessons for even the most seasoned of business professionals looking to improve customer reach. If you're not sure how to go about implementing these ideas, we can help you hone your message and control your brand conversation. |
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