de ide engage learn question act Strategic Marketing
de ide engage learn question act Strategic Marketing Summit Chennai, India Sept 24, 2011 Sundar Balu Global Management Consultant [email protected] +91 956.626.4993 INDIA +1 847.420.7643 USA Strategic Marketing Summit The innumerable vehicles to market New emerging trends Digital Marketing
Social Media Marketing Mobile Marketing Integrated Marketing What is best for you as a Start-up? Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 2 Emerging Media Basics Jump into one of the mediums NOW Go through the Question Phase No matter how big or messy your database is start something, anything Ask many questions in multiple forums to know your customer and get close to him/her World of emerging media isnt slowing down anytime soon
Continual Learning Hard to learn when you are not doing anything Deploy what you learn quickly to gain a competitive advantage Decide your emerging media strategy Deploy the resources Act Procrastination will cause paralysis by analysis Engage with the consumer at all times Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 3 Then and now
2006 Strategic Marketing Summit Chennai Sept 24, 2011 2011 S.Balu 4 Current Trends Content/Engagement Strategy Digital Marketing Optimization Right Touching Social media marketing Display advertising Mobile Strategy Googlization Google + Online Channel Integration Privacy wars
Digital Marketing = marketing Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 5 Will Google be a game changer in 2012? With the launch of Google +, Googles Remarketing strategy (of linking content with social media) and Googles Panda update Number of Days to reach 10 million users: 16 780
852 And with the acquisition of Motorola Mobile? What is next? Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 6 ZMOT Zero moment of truth Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu
7 Did you know? 70% 84% % of Americans who engage in some sort of ZMOT prior to purchase Of consumers use a Smart phone to help With shopping 15% 10.7 2010 Media Ad budget spent online
EQUAL # of people watching TV and surfing online # of sources of info Shoppers use prior to purchase Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 8 ZMOT Principles Put Someone in Charge. If its nobodys job, its not going to get done. You need a ZMOT evangelist, in on every meeting and empowered to do the job. Find Your Zero Moments: Find out exactly how people search for your product. Where do they go? Who do they trust to give them information?
Answer the Questions People Are Asking: Theres no point meeting people at ZMOT if youre not giving them the kind of information they want, as and when they want it. Optimize for ZMOT: Show up more when it counts by making your content super-relevant, and being where you need to be (Lecinski makes the point that having a great mobile presence is a big part of this). Be Fast: Know when somethings making people search for your product, and do something quick to capitalize on it. Speed beats perfection. Dont Forget Video: SISOMO rules. Do it. Jump In! Emotion leads to action. Make something happen! Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 9 The many ways to market?
Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 10 Digital Marketing Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 11 Search Marketing Search Engine Marketing
Search Engine Optimization Pay Per Click (unit based or bidbased) QUALITY TRUST POPULARI TY TIMELINES S Content Authority Traffic Current Usefulnes s Repeat
Visits Fresh Resource Links Relevant Appearanc e Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 12 Search Marketing Guidelines
Dont neglect the search 15, 400,000,000 searches in a month YouTube second most important search engine Be where your customers are Google, Yahoo, Bing, Facebook, YouTube Control the Content Task oriented, Visuals, Geospatial Fill the Funnel AdWords, adCenter, Yahoo Search Marketing, Facebook Partner with someone smart CTrada, Clickable Strategic Marketing Summit Chennai Sept 24, 2011
S.Balu 13 Messaging & Content Content is not messaging; we need a mechanism to deliver both Messaging is about priorities of needs Content is about context and proof Messaging types may need to be varied by audience/product type Content too must be varied by activity, outcome and the number of choices you want to offer the customer Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu
14 Content Some questions to ask What is the full content portfolio Do we have the right portfolio of content that matters What are the content shifts The same or different as those that drive awareness, consideration or purchase How is the content shifting through the sales cycle Touch point strategies by target type, region, product segment etc Empower the sales professionals Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu
15 Content Creating engaging environments Unify and Personalize consumer interaction across all channels Move from tracking metrics (like hits, traffic) to business metrics Use marketing to strategically inform and catalyze other business functions Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 16 Some trends Consumers do not consume just one piece of
content but an entire portfolio through one medium We must therefore build a portfolio that pushes to more richer content like customer examples, ROI, integration, pricing, technical specifications, benefits etc Do not ignore the content journey the sales force needs a clear content delivery strategy Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 17 Social Marketing Strategic Marketing Summit Chennai
Sept 24, 2011 S.Balu 18 Marketing Mix Trends in the Social Media In the traditional Marketing Mix, we have the 4 Ps : Product Price Placement Position Theres no doubt that product, price, placement and promotion are still key concerns. But its also important to recognize that social media is a different world where traditional placement and promotion do not apply. When using social media, which doesnt replace traditional marketing but adds to it as a new outlet, four new Ps become important. Social media marketing is more subtle, less direct, more about being there than being inyour-face visible. In fact, aggressive promotion is not only
unwelcome on social media sites; it is resented and can damage your image rather than promoting your products. Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 19 The new 4 Ps in Social Media Marketing Social Media Marketing Realities: Good News : Little or no cost; No Barrier to Entry (could be bad also) Bad News: Takes Time and Attention someone needs to be vigilant around sites, post comments, blogs, webcasts, Tweets etc. No Barrier also poses risk as anyone can post negative and/or damaging comments about your product, services or brand.
Paradigm shift to the 4 new Ps which can be best characterized as: You need to PARTICIPATE and be engaged You need to be there PROXIMITY Make your pitch only when asked PERMISSION Beware of the PERCEPTION that is created of your own or others actions Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 20 Adaptive Brand Marketing We live in a Whatever, Whenever, Wherever always ON world Today's brand marketing organizations are not equipped to handle this new world.
So, we must Remain Relevant - Adaptive Brand Marketing Encourage Rapid Response Align Consumer and Brand Needs Maximize Return on Brand Equity Core Elements are : Embrace an expanded role for consumer intelligence Focus on strategic brand platforms Empowering a networked organization The opportunity for an entire organization to reorient itself around its marketing organization and deeply engage itself in its interactive toolkit The profound change social media presents for all customer relations; the new need for openness, agility, and hypersociality Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 21
Objectives in a Webcast / Podcast / Videocasts / Social Networks Drive Brand Awareness Corporate / Personal Thought leadership Leverage new markets Gain Customer Insight Leverage new Distribution Channels Drive Traffic Generate Revenue many others Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 23 Audience and Content
Chennai Sept 24, 2011 S.Balu CONTENT 25 Key questions to ask yourself Do we know what content our target wants Do we know how the content evolves through the sales cycle Do we know what the content decision makers need to influence others Do we know what proportion of the content we need to deliver Do we have benchmark for making trade-offs on setting priorities on content investments Strategic Marketing Summit Chennai
Sept 24, 2011 S.Balu 26 QR Codes QR Quick response Codes Initially invented as a simple bar code in the automotive industry to very quickly identify, track and deliver auto components within a manufacturing line Have you seen them? Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 27
Useful Advertising QR Codes A quintessential Internet-age idea Something of a fig leaf for intrusive advertisers. Its the notion that ads that are more informative, better tailored, finely targeted and context-aware actually provide a service to the consumer and should therefore be welcomed as liberators But are they simply more intrusive and annoying ? Trends that are popularized by public excitement like Facebook. Then there are trends that come about because marketers think the public ought to be excited by the thought of being marketed to in amazing new ways (say, Facebook ads). QR codes have their use, and theyll find their niche. In the meantime, marketers will need to continue the premise that a truly effective ad is one that makes me want to buy the product and not just read another ad. The Consumer must decide Strategic Marketing Summit Chennai Sept 24, 2011
S.Balu 28 Mobile Marketing Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 29 Mobile Marketing A new dimension to Engage Track profile target customersarguably with the most reach in India at over 600 million mobile devices and counting Value-based service
Best practices and strategies for mobile in a growing mobile economy Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 30 Action items for a start-up Biggest Priority Build a unified customer database Multi-media/channel campaigns Email, facebook, daily promotions running in the store Store the transactional information Develop and nurture trust with your customers Young target audience tech savvy in India content journey
is important Engage in an interactive relationship Customer permission, registration (KEY!), behaviorial data QR Codes to log products they own or to register for mobile promotions Use FB for relationship building Distribute promotions Converse with customers Listen to community to test product ideas, pricing , buzz Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 31 Upcoming Trends in 2012 Search Engine Optimization (SEO) Social media Optimization (SMO)
Content Optimization Content Aggregation Gamification Ad network innovation Privacy Compliance Cross-channel optimization Mobile Marketing Website performance optimization Performance Marketing ZMOT is the new FMOT Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 32 Some Closing Thoughts Question Question your target groups to gain insight and customer intimacy while questioning your strategy against trends, demographics, technologies,
competition etc Benchmark Dynamic Interaction and Emotional Engagement need to be measured for effectiveness Learn Continually learn what the customer wants; customers often can be your product designers/ content managers Consumer needs and aspirations become hierarchial and complex over time More or Faster is not always good; They may seek greater value in terms of simplicity, time, fulfillment, emotional reward, ease of purchase Empathize Empathy can change all the variables - industries, objectives, offerings - and still work the process from the eyes of the target audience. Empathy is a function of understanding, and understanding a function of experience. All the best marketing will not replace insensitive Customer Service. Commenting on customer posts, blogs, comments adds great value in humanizing the business transaction. It also intelligently addresses consumer needs/aspirations within a group setting.
Engage There is no substitute for emotional engagement. Self-affirmation, social acceptance, pride of purchase are all universal and provide value to branding, marketing and related messaging. Acceptance, Respect and Love change little from cultures and time. This engagement into product and service can add simplicity while building loyalty. Strategic Marketing Summit Chennai Sept 24, 2011 S.Balu 33 Thank You Strategic Marketing Summit Chennai Sept 24, 2011
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