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HCL EVP of sales and marketing shares how he’s worked to transform the IT service company’s brand, marketing and collaboration approach.

Marketing can’t just be about classical marketing principles today, it has to have a higher-level purpose and be the glue adhering an organisation together, HCL’s Arthur Filip believes.

“You have to fill in the gaps and be the lubrication between a lot of different engine parts,” the global EVP of sales and marketing of the technology services behemoth says. “We’ve really adopted this mentality in our team.

“We don’t just do all the things expected of us; we also get involved in many other areas to support and keep the company moving in the right direction.”

Getting there meant working closely with the CEO, and putting a hand in strategy through to tactics with each major HCL business leader.

“I have specific managers day-to-day interfacing with these leaders and I interface with them formally and informally,” Filip tells CMO. “We know these business leaders don’t care about eyeballs onsite either, or MQLs. It’s about revenue and satisfaction growing, if they can attract more customers in the market, if partners want to work more with us, and if customers want to testify on their behalf. I’m constantly reminding the team that’s our goal.”

Filip joined HCL in 2016 initially as VP of sales, and was tasked with a sales transformation remit. Nearly 18 months ago, he also took on the marketing leadership position. The role comes off the back of more than 25 years in the information technology space, working in sales, strategy and business unit leadership positions for the likes of Microsoft, Oracle, Hewlett-Packard and IBM.

Filip says his approach was always going to be to transform by putting the customer first. “I came in working for the CEO to lead the company’s sales transformation effort. I was an instigator and spark plug but it took all leaders coming together to do that,” he explains.

“We were doing a good job but what we’d realised was that with our biggest customers, where the relationships are just so large and complex, we needed to be even more bespoke and put in more red carpet treatment for those clients.

“At the same time, we’re constantly attracting new clients and it’s a different sales model and motion. We had to think about care and feeding of the sales force, more delineation between sales motions, and how to get granular in our thinking not only about every country, but cities and industry segments.”

Filip focused on honing the new business team and client partner model, and says he’s worked to create a super-class of relationship leaders globally. As leader of the marketing function, he’s since instigated a transformation aimed at taking advantage of HCL’s global footprint while also making sure it’s sympathetic and respond to local cultures and market needs.

“We are very woven into all the sales and business units, from strategy and brand down to how we work with clients on a daily basis, conduct events, marcomms and run analytics throughout the company,” he says of marketing. “My aim was to bring our great marketing leaders together to orchestrate as a team, looking at both global and local challenges we had.”

One of these hurdles was functional break-ups and discrete ways of doing things. “People had their own sciences and crafts to practice, whether it was our internal digital agency, brand team, content team,” Filip says.

“A lot of my focus has been to eliminate stovepipes, and to get the leadership team to take on each other’s challenges. We changed a lot of in-house metrics so we sink or swim together, along with the sales team and rest of the company.”

The biggest change has been around what ‘success’ is with HCL’s customers and in turn, their customers.

“It’s manifested exponentially in how people are working together and teaming together to orchestrate strategy through to specific campaigns,” Filip says.

Filip is also a big believer in getting teams around the table and solving it together. “It was painting the case for everyone –bring all talent together and we can look at the overall experience we can create for customers, and the type of data, analytics and view forward we can bring to the company,” he says.

Marketing strategy

HCL’s big emphasis is on its ecosystem, and Filip and the team have been overseeing internal and external celebrations marking the company’s milestones in different regions. The ‘global to local’ initiative includes celebrating 20 years in the A/NZ region, 30 years in the US and 10 years in the Nordics.

Another emphasis is on telling the stories of how HCL has worked with customers over its 42-year history.

“There are so many human stories where we helped clients be successful in so many communities,” Filip says. “Figuring out how to bring some common denominators together and our heritage, which is not just one country but people from 144 nations, for more of a common story and purpose, is key.”

This has to be a two-way street, rather than corporate reigning down on the local market, Filip says. “It’s an opportunity to both learn and share together and take best practices from different countries, cultural elements and customers to weave into our global brand,” he says.

“We have been known as a strong tech company and innovator, and a world-leading engineering services company, with very strong IT services. We’re the fastest growing company among the top 10 largest tech services companies globally, for eight quarters globally. Customers are buying into the value proposition; it’s now about bringing the whole story together.”

Corporate social responsibility plays a big part here. HCL has always focused on helping all types of people disadvantaged in life. As well as allowing its 137,000 employees to work with platforms they choose to further that cause, and sizeable investments into innovation labs and teams, HCL runs a number of diversity-oriented programs. One of these is Women Lead Australia, a one-to-one mentoring initiative now in its third edition this year.

Diversity, from boardroom down, has become a key thing for HCL and we know the industry has to get better at this,” Filip says of the ICT sector. “It’s about very disciplined programs – from metrics, to every executive to specific hardcore board-driven programs – and we’ve made good progress. But we’re hungry for more.”

AI and B2B customer power

Filip also acknowledges HCL’s customer base is getting broader and more complex as every enterprise becomes reliant on digital and technology.

“Today, in every relationship it’s still primarily the CIO, or the chief digital officer, we’re dealing with, but the CMO, sales, line-of-business heads and CEOs are also getting involved, especially in strategic decisions. It’s really a collective fabric and that is how we’re trying to enhance our relationships,” he says. “Our goal is to bring our experience into bear to help marry the business problems with the technologies.”

Alongside strategy and partnerships with world-leading tech providers, this increasingly sees HCL tapping into the power of artificial intelligence (AI) via internal R&D, algorithms, partnerships and proprietary methodologies. HCL also partners with 20 companies on overall customer journey as well as how it thinks about markets to not only predict but run and govern its business.

“AI gives you specific technology through partners but also the power to create things you can’t see yet,” Filip says. “We’ve used basic AI to take care of repetitive tasks, speed up different parts of the customer journey. We’re now brainstorming with in-house labs on how we totally redefine how marketing is conducted within the organisation.”

A big area of focus is helping customers better predict their journey with their customers. “The better we get at that, the stronger our marketing is and the more value for the rest of the business,” he says.

Filip also agrees B2B marketers have the biggest ground to catch up on personalisation and says it’s clear enterprises relationships are far more one-to-one than many would previously have credited.

“Having just a relationship with a CIO or 2-3 procurement people, you’ll never be successful. In a very large organisation, there could be 2000 people you need to interact with to truly get a pulse on things and understand what truly makes them successful,” he points out. “If you don’t have those relationships, points of view, data elements around it and the technology to support it, I don’t know how many can remain successful in the next couple of years.”

Helping make this a reality is teams like digital, content and thought leadership along with external communications all working together with common purpose on accounts, Filip says.

“People do now speak in terms of the account, how we help crack the code in the account plan, and create an ecosystem experience that brings together the local community, government players, education players, business partners and we all solve a problem together,” he says. “It’s been a part of our culture; now we’re really doing it from a marketing perspective.”

In terms of ongoing priorities, Filip highlights HCL’s four core pillars of innovation, education, diversity, and CSR and sustainability.

“You’ll see us weave in everything from arts and sports, and the EQ side into our business,” he says. “One of our philosophies is human potential maximised and you’ll see that in campaigns, because that is what we stand for.”

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Sourced from CMO from IDG

By Benjamin Herrmann

Customer trust and brand loyalty are inextricably linked, essential to long-term business success, and tougher than ever to gain and retain. With all the breaches, hacks, and misuses of customer data in recent years, customer trust is low. And with the proliferation of digital channels making upstart competitors a mere millisecond-click away, loyalty is precarious, as well.

This reality, along with digital channels becoming the norm in buying from and interacting with both B2C and B2B customers, means that it’s mission critical to reshape the way you’re building customer trust. In the digital landscape, brands need to focus on tapping into the right customer data in a way that is mindful and doesn’t cross boundaries of privacy, while also prioritizing transparency and individualized support tailored to each customer.

Here are three best practices you can use in your marketing strategies to build customer trust and lasting loyalty in the digital age.

1. Respect privacy and avoid “creepiness” when personalizing experiences

“Customers are done with creepy; don’t be creepy,” Alex Atzberger, president of SAP customer experience, said at the 2018 SAPPHIRE NOW conference. “Without consent, don’t personalize.” He couldn’t have been more right.

Personalization plays a major role in thoughtfully engaging customers, but when it isn’t handled with care, brands can lose favor with customers who suspect their privacy isn’t being prioritized. New laws around data governance, such as GDPR and the California Consumer Privacy Act, help give customers an extra layer of security, but the responsibility still lies with brands to create personalized experiences without being creepy or crossing any lines with the consumer.

The challenge is that we have access to more data than ever, especially customer data around specific behaviors and preferences. It’s natural as a brand to want to make use of any and all data you can access to create a better user experience, but respecting customer privacy must be the top priority. Plus, the better results will come from identifying and acting on the right data, rather than trying to make everything you can get your hands on into something actionable.

Mastering personalization is about showing each individual customer that you’re committed to and respect the relationship they have with your brand.

2. Maintain transparency and keep it consistent across your organization

Transparency should span across every aspect of business, but when it comes to building digital trust with your customers, price transparency is always an important practice. It supports a connected customer experience, adding long-term value by giving your customers the ability to explore pricing options before making purchasing decisions. Be upfront about costs throughout the buyer journey (e.g., taxes, service fees), so customers aren’t seeing them only at the end when it’s time to make a purchase. This way your customers can understand exactly what they’ll be buying and for how much before heading into the final transaction.

Giving your customers trial periods with products also plays an important role in transparency. Many consumer products are set up in this way, from cars to clothing to even food – these items are set out in a way that lets customers view them and try them before they buy. Apply the same principle to B2B products, such as software.

When implementing digital purchasing options into your customer journey, always include trial options. Your customers can use this opportunity to properly evaluate whether or not a product meets the challenges or needs they are seeking to address without needing to make a purchase first. They can then make better, more confident purchasing decisions, which also supports long-lasting trust in your brand.

3. Be helpful along the entire customer journey

Support – especially with digital sales that lacks face-to-face interaction with a sales or service representative – should always be ready and available before, during, and after purchases are made. Customer service takes many shapes: sometimes it’s in-person, other times it’s over the phone or via online chat, and sometimes it’s simply in the background, providing support without the customer realizing it’s there.

B2C companies already focus on support as part of the entire customer journey and experience, infusing the same customer support systems they have in person into their digital platforms. This is a model that B2B companies can use for digital sales and e-commerce, as well. In fact, B2B brands should be held to a higher standard in supplying customer support from a digital perspective, as these customers are used to the high-touch services of a vendor’s field sales team.

Even though your customers want quicker, more seamless online options, you shouldn’t let service levels drop because the customer is no longer working with someone directly. Your customers will still expect your guidance and support throughout their digital journey, through the transaction process and beyond. It’s important to show your customers your commitment to their experience along this path, allowing trust to take shape as you do this.

Customer trust is gained – and kept – by aligning goals. Your customer’s goal is to solve a problem, improve a process, transform their business, etc., and your top goal should always be to support customers along their path to achieving their goals. There isn’t a one-size-fits-all solution to building trust, especially in digital interactions, but incorporating these best practices into your overall marketing strategy is a great starting point.

By Benjamin Herrmann

Connect with Benjamin Herrmann at @bherrmann81 and on LinkedIn.

As head of digital commerce for SAP, Benjamin Herrmann is responsible for developing the digital direct sales channel at SAP across products, professional services, and education. Dedicated to helping customers become best-run businesses, Herrmann has established himself as a leader in B2B digital business models. Prior to his current role, Herrmann was senior director of strategy for SAP Portfolio & Pricing, where he ran board-level change programs. He also worked as an enterprise business architect and lead business architect in the Business Transformation Office for PricewaterhouseCoopers, and served as a lecturer on Information Systems at the Frankfurt School of Finance and Management.

Sourced from D!gitalist

By Nadya Khoja

Imagine you are in a meeting, furiously taking notes as the marketing manager speaks and shows a slide deck to review your brand’s content marketing strategy. Or you receive an email with several bullet points touching on the strategy. And what about those quick conversations when your manager stops by your desk and tells you about an element in the strategy?

Retention of what you’ve seen and heard in any of those scenarios is difficult.

To ensure that all involved understand your content marketing strategy, you need to document it in an easy-to-digest format. Text-dominated documents or presentations with a few reference images thrown in don’t work well. Create something that will remain in the minds of your team members and colleagues.

It’s easier and quicker to absorb visuals. Using them to communicate your content marketing strategy is the best way forward. Here are a few ways visuals can effectively convey your strategy.

Using visuals to communicate your #contentmarketing strategy is the best way forward, says @NadyaKhoja. Click To Tweet

Lay the groundwork

To get colleagues and upper management better acquainted with using your content marketing strategy, break it down visually.

The mind map below clearly outlines the aspects of the strategy, including suggested tools, how to set goals, and how to conduct effective meetings. This single visual gives its viewers a clear road map of what to expect and how to proceed, without you having to speak at length or give a presentation on the subject.

Click to enlarge

TIP: Print the strategy mind map and place it in meeting rooms so everybody can see how powerful visuals can be in conveying information.

Paint the big picture

With an accepted understanding of the power of visually communicating strategy, your first step is to create a visual that effectively shares the company’s primary goals – where the company is going and why it wants to get there.

Use a simple flowchart or mind map to convey this information. This visual contains important information with a long-term impact on your team. It rarely leads to immediate action unless broken into smaller projects and tasks.

Make this visual easy to read by using contrasting colors for the background and text. However, avoid using too much text as that negates the use of a visual. Instead, employ numbers, graphs, charts, or diagrams to convey the big picture. Bite-sized information is easier to retain.

You also should create a visual for your marketing team’s goals. Use more detail, maybe even use an infographic that outlines what the aims are for each month, quarter, or year.

Create an infographic for the marketing team’s goals for the month, quarter, or year, says @nadyakhoja. Click To Tweet

Look at this simple mind map for digital marketing. It clearly outlines what the team is meant to achieve. You can customize mind map templates to include numbers the team has to hit or to highlight components that require immediate action.

Click to enlarge

TIP: A simple graphic using icons and limited text immediately captures the imagination of those viewing it and gives them more incentive to work toward the goals.

Plan a project

Now you need to show the team how to accomplish the previously illustrated goals. This is where you bring in your project planning and management skills.

Project timelines are an excellent way to visually convey to your team what its tasks are and when they must be completed. The strategy workflow below details the tasks and time allotted for each. Note the minimal use of color to ensure that the focus is on the information. The icons also give a quick visual to remember the tasks to accomplish.

Click to enlarge

Project timelines are a great way to visually convey the team’s tasks and deadlines, says @NadyaKhoja. Click To Tweet

A Gantt chart is another visual template you can use to show your project strategy. The simplified chart below clearly shows which team members are needed at which stage of the project, as well as what their tasks are for which field. The contrasting colors minimize any confusion about their roles. The calendar layout makes it easy to understand when and who is involved in the activity.

Maps and charts impart important information easily to your team, eliminating the need to use complex Excel sheets or long presentations.

Involve the team

At this point, get your team involved in communicating visually. Ask them to create personal strategies using visuals to detail their goals and how they intend to achieve them.

Creating these personal visuals will not only help them retain the strategies they have been seeing but also help organize their activities. As you know, writing things down the moment you hear them is an excellent way to recall information, and plotting tasks into visuals is even more effective.

For content marketers, a simple mind map like the one below works effectively to help retain what you need to achieve. In turn, it also will lead you to organically generate content ideas efficiently.

With the tasks in place for the team member, a personal Gantt chart (like the one below) gives individuals a way to plot their activities and timelines.

Visual mind maps and timelines keep people on track and give them a quick reference to see while working. They make a manager’s job easier as team members have a degree of autonomy and responsibility to complete their tasks and projects.

Develop your strategy picture

In a work climate where pressure is high and time is short, making it easier for everyone to absorb the company ethos and understand the tasks in front of them will lead to more efficient workflow. Using a visual strategy in the marketing team is an excellent way to obtain top performance from your team and eventually lead to your business achieving its goals.

Get the best visuals in the content marketing industry. Attend the world’s largest content marketing event Sept. 3-6 and view (and hear) presentations from over 100 in the industry. Register today using code CMIBLOG100 to save $100. 

Feature Image Credit: Joseph Kalinowski/Content Marketing Institute

By Nadya Khoja

Nadya is the director of marketing for Venngage, an online graphic design software. She also runs a web-series called Drunk Entrepreneurs. Follow her on Twitter @NadyaKhoja.

Other posts by Nadya Khoja

Sourced from CM Content Marketing Institute

 

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Your video content proves your work dynamically, hence it should be a priority to make sure it’s well produced and adds to your marketing strategy.

Producing engaging video content for your business can widen your customer and audience reach. If done right, it serves as an effective marketing tool to enhance your brand’s market presence. Your video content proves your work dynamically, hence it should be a priority to make sure it’s well produced and adds to your marketing strategy. Here are five mistakes that companies often make when they go about creating video content:

1. Producing poor quality video The days of relying on your phone and producing a shaky poor quality video in the name of “authenticity” are gone. The audience now expects a more polished viewing experience. Don’t forget that your video content is an extension of your brand. Produce a poor quality video, and the audience will start to believe you are promoting a poor quality service or product. Perception is reality.

2. Ignoring the importance of sound Audio comprises 50% of your viewing experience. Poor audio can result in your audience giving up on watching the video all together. Make sure to pay attention if filming in public areas. Can an alternate location be used? Is it time to invest in a microphone to ensure smooth sound? The answer is, probably, yes!

3. Over-selling Companies need to remember that viewers tune into video content online to be informed or entertained, not to be sold to. Companies that force their brand and product throughout their video content are unlikely to see the ROI that they need. The most googled terms are “how to” and “how do I,” which means your video content will have the highest engagement if it is answering a question and providing knowledge, as opposed to directly promoting your services.

4. Expecting too much from one video This is when you believe you’ve produced one great video, and you don’t understand why sales haven’t flooded in. Like with most things, this takes time, and video content needs a consistent strategy. It can take 2-3 months to start to see an uptake in your video content. The more visible you are, coupled with the more knowledge you share, will ensure that when clients are ready to pay for your service, since you are at the forefront of their mind.

5. Talking about everything you do in one long video Your video content should never feel like a shopping list. This is not an opportunity to talk about everything you do in one video. A better strategy would be to create shorter 30 second to one-minute videos, each focused on one topic. The average audience online retention is currently at one minute and 40 seconds, and it is consistently getting shorter. That coupled with the optimum durations for different platforms means that in most cases, 30 seconds to one minute and 30 seconds is sufficient to get your message across.

This article was developed in collaboration with Young Arab Leaders (YAL), a pan-Arab, non-profit organization that seeks to promote modern leadership and entrepreneurship among Arab youth, men and women, with a view to improving the socio-economic situation in the Arab world.

As a YAL member, Reim El Houni notes that the caliber of events she has attended with the organization has been unmatched. “They provide exclusive opportunities for members to get up close and personal with some of the UAE’s most influential businesswomen and men, offering insight into industries that you may not normally be exposed to,” El Houni says. “Their events are exclusive and highly curated and are always worth the time investment. Whether it’s their Power Lunches, or their Executive Meetups, you’re guaranteed to walk away with a new perspective and insight into the world of business.”

To learn more about YAL and be a part of its network, check out yaleaders.org

Feature Image Credit: Shutterstock 

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CEO, Ti22 Films, dubai ON demand, Fusion Digital Content

Sourced from Entrepreneur Middle East

By Steven Bowen

Email marketing is being utilized for targeting large audiences for a long time. It has been a fruitful way to create new customers and extend the brand reach. The organizations use email marketing tactics to promote their brands and services and persuade customers through it. The design and elements of an email is paramount to achieve the goals of successful email marketing campaigns. The content you put in emails can make or break the success of your campaign.

In addition to content, personalization has become a key ingredient in creating top-of-the-class emails these days. This is also known as one-to-one marketing or marketing to individuals tactic for email marketing. Thankfully, you can personalize emails according to the target audience and send specific messages that suit their interests. By doing this, you can build better emails that would have a greater positive impact on your marketing campaign. Following are five effective uses of personalization that boost your email marketing efforts.

 

  1. Customize images

One of the awesome ways to increase click-through rates is by customizing images for the customers. You can personalize the images according to different customer profiles and data. For instance, you can customize the content according to different locations for customers if you have location data. By personalizing images, you can build emails more effective and result-centric.

  1. Personalize content

When creating your email message, you need to be careful with the words you use and the overall tone of the message. The message you create for email should be compelling. You can personalize the subject lines of your emails to ensure better click-through rates. The better the content you write the greater response you will receive. By personalizing the content, you can make the content more attractive.

  1. Custom product recommendations

Your target audience might be interested in products recommended in the emails. However, product recommendations should be based on personal preferences or be relevant to their past purchases. You can incorporate the recent browsing or purchasing history of your customer in email marketing in collaboration with the email service provider.

  1. Customize cart abandonment messages

No business wants to have increasing cart abandonment rate. However, the marketers can strive to reduce the cart abandonment rate by creating personalized cart abandonment emails. By creating and sending these emails may increase the conversion rate and  allow the marketers to re-capture the customers that left earlier. These tailored emails work as an effective reminder for the customers.

  1. Provide personalized offers

By personalizing the offers and deals on your products or services, you can improve the click-through rate of your emails. It increases conversion rate. The customers like offers & deals and when they want to buy a product, it might be useful to show the right offers and deals based on every individual customer. It will make them to buy products from you. There are endless possibilities for personalizing the offers.

Best practices for email personalization

There are lots of benefits of personalization that can be reaped by following the best practices. Following are some of the best practices for personalizing email marketing.

Collect relevant details

In order to personalize the emails in the right way, you must first understand more about your customers. Obtain the relevant information about your customers and understand their preferences. Know who your customer are and how you can serve them effectively. You can conduct survey and ask questions from people to understand them. However, you must not overwhelm audience with tons of questions, simply ask specific questions.

Segment the audience

You can divide your audience into different subgroups based on the location, demographics, customer type, etc. Like if you have a clothing retail shop, you can segment your audience based on gender and add images of people wearing clothes into the email.

Add more elements

When it comes to personalization, marketers often think it of including the recipient’s name. While it is a good aspect and a great start, it is only one element of personalization. So, you need to tailor it further by adding custom content into the email as per the preferences and tastes of your recipients.

Understand the behavior

By looking at the behavior of your recipients, you can understand what factors to include and not include to create effective emails. When you send emails, some customers may not show interest, others show interest and some find your emails engaging. Ascertain the behavior of recipients and then send emails accordingly.

Mind the quantity

You must be careful when dividing your audience into different segments as too many of them can be difficult to manage. Make a broad segmentation and also decide what type of emails you will be sending to specific audience. You won’t like to overwhelm your recipients with too many emails which you could send if there are unmanageable number of segments. On different stages of email marketing, you can try to ascertain what emails and segments your recipients best respond to and then send emails accordingly.

Don’t create negativity

Often recipients get promotional emails immediately after viewing products with subject lines like “We saw you are looking…”, it creates a negativity in recipients’ mind who feel it like their privacy is invaded. There must be some time between product viewing and the receiving the email with a positive subject line.

Wrapping up!

Though email marketing is an effective way for creating new customers and reaching a large audience. Now, personalization make emails more attractive and compelling by letting marketers add a personal touch for every recipient. By creating custom content, adding custom images and do other customization, marketers can make emails more persuasive and improve their click-through rates. With the power of personalization, marketers can design emails that are tailored to the needs and requirements of every individual recipient that provide them a great experience and delight. The marketers can include offers and deals tailored to the requirements of individual customers through personalization.

By Steven Bowen

Steven Bowen is associated with No-Refresh, which is a prominent company providing custom designer tools. The company offers different off-the-self web-to-print designer software for several products. Steven has a good flair for writing and he loves to compose informational and quality articles and blogs for his audience. He writes well-reached and quality content on this area of interests.

Sourced from Promotion World

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Promotional-only social media, paper-based marketing and poorly produced videos are on the “no-no” list. And who can forget that “Domino’s Forever” campaign?

Marketing is complex. With seemingly endless techniques, how do you reach and resonate with your audience? First things first: You need to know what you shouldn’t do. Last year, “Domino’s Forever” was a campaign created by a Russian Domino’s franchise. If customers tattooed the Domino’s logo on their skin, they were told, they’d get 100 free pizzas yearly for 100 years.

Initially, that strategy worked big-time: Although it may sound strange to us, hundreds of customers jumped in and started getting those tattoos. Yet, even as images of their freshly inked images flowed in, Domino’s imposed restrictions on its offer. Suddenly, the tattoos had a size limit; and only 350 newly tattooed people qualified for the reward. As you might guess, people were outraged.

Bad move, because customers who feel wronged don’t soon forget.

There’s science behind that statement: According to reporting in the Washington Post, “Research shows that memories for negative experiences are more vivid than those for positive experiences …” And those Domino’s customers certainly chalked up a negative experience.

So, if you’re the marketer, remember: It’s hard to make a good impression on a customer but really easy to make a bad impression, especially when it comes to marketing. Here are some moves not to make in marketing that date back to the past and shouldn’t still be with us in the present.

1. Trying to serve people en masse

Every person is unique, and you need to cater to that fact. Gone are the days of blanket personalization. According to a 2017 State of Personalization report by Segment, almost half of customers surveyed said they would likely be repeat buyers  because of a personalized shopping experience.

If you’re not already collecting data on your customers and using it to target specific demographics through your marketing efforts, it’s time to start. Doing the bare minimum, like addressing a customer by his or her first name when you send a promotional email, simply isn’t enough anymore.

2. Putting ink on paper

What happens with most of the mail that comes to your house? What if a company, religious group or other organization drops off a brochure at your residence … do you read it? Chances are, you don’t.

That’s why experts are moving away from brochures and other paper-marketing techniques. Print marketing is expensive, time-consuming and often ineffective. Digital, on the other hand, can be fast, effective and cost-efficient.

3. Committing video production faux pas

Have you seen This Is a Generic Brand Video by Dissolve? If not, it’s worth watching. The video provides insight into the types of video marketing that don’t add up to much. Videos with stock content, vague business words and optimistic background music are outdated and overproduced.

“As percentages go, 91 percent of customers have watched a video about a product or service they care about,” Rohan Sheth, founder and CEO of GrowRev Digital, wrote in a blog post. If nine out of ten of your customers watch your videos, they need to get real value out of the content they see. Otherwise, they’ll stop viewing and start taking their business elsewhere.

4. Creating promotional-only social media

It’s easy to lose customers because of social media, especially if you use it only to advertise. Sure, marketing on social media is successful: According to Sprout Social, 77 percent of consumers are more likely to buy from the companies they follow on social media. But making money should never be your sole purpose on the app.

After all, customers abandon brands that are overly promotional on social media. Before you think about social as an advertisement, consider how you can use it to drive engagement and strengthen your brand’s following.

5. Moving away from email

Some think email marketing is dead, but the jury is still out. According to a blog post by Keala Kanae, co-founder and CEO of AWOL Academy, “As a business owner at the current times, don’t let the social media frenzy trick you … email marketing isn’t dead … Undoubtedly, marketing your services or products by email can be a quick, manageable and cost-effective method of reaching new clients and keeping the existing ones.”

For example, think of Dell’s MarketingSherpa Email project. Thanks to a GIF-focused campaign, the company increased its revenue by 109 percent. Over email, Dell sent animated images that enticed viewers and led them down the sales funnel.

6. Failing to go beyond the basics

When it comes to analytics, the more the merrier. You’re probably already using some analytics to review your marketing efforts, but there are likely many techniques and metrics you’re not yet putting to good use.

Digital marketing is constantly changing, which means there are more analytics you can put into your marketing strategy than ever before. You may believe that the measures you’re currently using are fine, but they can likely be much better.

The more you study analytics and put them to use, the better your ROI will become.

Another thing: Don’t let outright marketing mistakes happen.

Customers may forgive, but they don’t forget; just ask H&M. Last year, the retailer published a photo of an African American child wearing a hoodie that read, “Coolest monkey in the jungle.” The reaction on social media was swift and angry.

And, though the advertisement was posted in one country, it quickly gained traction around the world. Afterwards, H&M hired a “diversity leader” to try to disprove accusations that the company was at worst racist and at best oblivious.

Related: How Many of These Video Marketing Mistakes Are You Making? 

Needless to say, making it in today’s business world is hard enough without bad marketing. Although outdated marketing tactics won’t always be detrimental to your brand, they certainly won’t help, either. Luckily, with a sound marketing plan, up-to-date tactics and some creativity, you can give customers what they want and improve your bottom line simultaneously.

Feature Image Credit: NurPhoto | Getty Images 

By

Founder and CEO of A Life With Health

Sourced from Entrepreneur Europe

By

What would you do if someone wrote an unflattering tell-all book about your work place?

This happened to HubSpot in 2016.

HubSpot is a software company in Cambridge, Massachusetts. They develop software to help their customers use inbound marketing to build their businesses. HubSpot sells their software as a service, meaning customers pay a monthly fee to use it.

Seasoned tech journalist Dan Lyons worked there from April 2013 to December 2014. It was not a good experience for him so he did what journalists do. He wrote about it.

I recently finished Lyons’ book Disrupted: My Misadventure in the Start-Up Bubble.

It was an entertaining read. Lyons highlighted the ageism in the tech start-up world and shared his insider’s view of the pressure at HubSpot to grow the business.

His insights dovetailed with my less-than-optimal experience with HubSpot.

In the summer of 2013 I downloaded a free HubSpot e-book. The amount of information requested for the download gave me pause – not just name and email address, but also company name, size, type of business, and phone number. I proceeded anyway.

Within an hour of requesting the download, I began to receive sales calls from HubSpot. One salesperson called several times over a two-week period. Other salespeople called occasionally, all with the same script. I also received sales emails.

The barrage bordered on harassment. I unsubscribed from their emails, ignored their calls and wrote a post about it in October 2013.

To my surprise, HubSpot’s CMO, a guy Lyons dubs “Cranium” in his book, responded to my post.

Cranium’s response defended HubSpot and denied that HubSpot was a brand in adolescence since they had not stopped growing. Revenue had grown 82% the prior year.

But revenue growth was not the whole story. Costs were skyrocketing and HubSpot had yet to show a profit. Brands that have yet to operate profitably are certainly adolescent.

Reading the book made me curious. Had HubSpot proven inbound marketing to be profitable? Was it still a brand in adolescence?

Inbound Inspiration

HubSpot’s entire reason for being centers on inbound marketing.

Inbound marketing is a concept that marketing guru Seth Godin originated in his book Permission Marketing in 1999. Godin’s premise was twofold:

  1. Getting a prospect to give you permission to market to them would be more effective than interrupting them with annoying advertising and sales calls.
  2. The advent of the internet (this was 1999) would mean that the cost of incremental marketing touches like emails and webpages would be zero which would drive the overall customer acquisition cost down.

Godin advocated creating communication suites -things like a series of emails, letters, webpages, or even phone conversation scripts – that would deliver something of value to the prospect for free and allow the seller to learn more about them and tailor future communication based on that learning.

Godin predicted that this slow drip approach would turn prospects into friends and friends into customers. The relationships built would provide the foundation for a healthy business and reduce customer acquisition cost.

HubSpot’s co-founders Brian Halligan and Dharmesh Shah seized on this idea after Shah started a blog in 2005 that attracted traffic quickly. The two noted that people flocked to information they found helpful.

In 2006 Halligan and Shah launched HubSpot, offering software to help businesses attract customers by “inbound marketing,” marketing that offered helpful content to prospects to get their attention.

HubSpot led by example, publishing free e-books and other resources on the topic of inbound marketing to teach people what it was and how to use it. Requestors had to provide their contact information and other company details to receive the free resources.

The Inherent Flaw in the Plan

The inbound marketing approach requires time and patience to build business.

For HubSpot this would have meant letting their prospects digest the first free content it sent, offering them another resource or series of resources informed by their first choice and answering questions. Prospects would become familiar with inbound marketing and HubSpot’s offerings and ultimately many of them would become customers.

But Halligan and Shah were tech industry guys who set their sights on building a tech company to take public.

Their aspirations for the company were at odds with the time and patience inbound marketing requires. Instead they gave their salespeople high quotas to meet which resulted in aggressive sales tactics like the calls and emails I received.

Show Them the Money

Fast growth requires capital. Shah put up $500,000 as HubSpot’s sole seed investor. By 2013, they had raised over $100.5 million in six rounds of funding. They had spent most of it.

Then HubSpot had a successful IPO on October 10, 2014, selling 5 million shares, raising another $125 million in funding, valuing the company at $759 million and enriching Halligan, Shah and their investors.

Since then HubSpot has broadened its product offerings from a single app to a software platform with multiple components. It has grown exponentially, expanding its customer base from 13,607 to 60,814, its work force from 785 to over 2,600 and its annual revenues from $115.9 million to $513 million.

But it’s still not profitable.

HubSpot spent hundreds of millions of dollars to continue fueling growth and sought more funding through another public offering of 1.7 million shares of common stock in February 2019. The offering raised $355 million.

HubSpot’s Identity Crisis

The ability to bring down sales and marketing costs drives the business case for inbound marketing, and it is precisely this struggle that seems to be preventing HubSpot from being profitable.

HubSpot’s first quarter 2019 investor presentation shows that HubSpot has made progress in that struggle, bringing sales and marketing costs down from 55 percent of revenue in 2016 to 44 percent in first quarter 2019.

HubSpot Q1 2019 Investor Presentation

Given that their gross margin, R&D and G&A expenses are already in line with their targets, HubSpot’s ability to be profitable – to get their operating margin to the 20 to 25 percent target – hinges on their ability to reduce sales and marketing costs to 30 to 35 percent of revenues.

As HubSpot’s brand identity is inextricably linked with inbound marketing, proving it works by becoming profitable is crucial.

A key indicator of successful inbound marketing is a reduction in customer acquisition cost (CAC). HubSpot harps on this point.

Yet HubSpot’s success there remains murky. HubSpot’s CAC rose from $6,671 in 2011 to $11,997 in 2014. Then they stopped reporting it. The lack of reporting has raised suspicions and conjectures that their CAC continued to rise despite company statements that it had gone down.

HubSpot remains a brand in adolescence with an identity crisis as it has yet to demonstrate that inbound marketing is profitable and reduces CAC.

HubSpot Needs to Slow Down to Succeed

To address their identity crisis, HubSpot needs to:

  • Become profitable. Focusing on this goal will mean slowing things down to allow customer support and other infrastructure functions to scale to the company’s current size.
  • Show customer acquisition costs. With HubSpot’s focus on this key metric, the lack of transparency on CAC is glaring.
  • Dial down aggressive sales tactics. For research purposes, I signed up for another free download on June 18, 2019. By July 3rd I had received 15 emails from two sales people and “The HubSpot Team.” The daily barrage encourages people to tune out and is contrary to the spirit of inbound marketing.
  • Slow customer acquisition. Improving the experience for the customers HubSpot has would turn more of them into advocates which would also help lower sales and marketing expenses via positive word-of-mouth.
  • Staff and train customer support better. Several 2019 HubSpot entries on employer review website Glassdoor.com indicate customer support workers feel overwhelmed and overworked. Getting customer support caseloads down to a manageable size is key to delivering the great customer experience HubSpot advocates.

The fresh infusion of capital from the latest public offering provides the perfect opening for HubSpot to focus for the long term. If they do, they have a shot at continuing to dominate the inbound marketing space for years to come.

If they don’t, who knows how much more capital the public will lend them before they bail?

Should Your Brand Use Inbound Marketing?

If you have the resources to create helpful content for your prospects and to deliver it via email and social media marketing, I recommend that you use inbound marketing as one of your marketing strategies.

Helpful content can take many forms including videos, infographics, articles, podcasts and e-books. It should inform the prospect on a topic of their interest while demonstrating your brand’s understanding of their problems and expertise in solving them.

Inbound marketing can attract prospects your brand might not otherwise reach.

But the approach takes time to work as it is like building friendships. Few acquaintances become immediate best friends. Relationships take time and multiple interactions to build.

Inbound marketing has worked well for me. My email newsletter is my primary marketing vehicle. It has produced prospects and prompted referrals. In 20 years in business I have never run an ad or made a cold call.

One thing you should not do is react the way HubSpot did when word of Lyons’ book got out.

Months before the book was published, Cranium tried to use extortion to get an early manuscript and stop the publication. His actions triggered an FBI investigation and resulted in his abrupt dismissal.

HubSpot’s board sanctioned CEO Halligan for not reporting knowledge of Cranium’s actions earlier. Cranium’s right-hand person, “Wingman” in the book, resigned before he could be fired.

Cranium’s actions ultimately boosted interest in the book when HubSpot issued a press release to explain his dismissal.

About a week after the book was published in April 2016, Shah responded on LinkedIn, copping to some accusations but leaving many questions unanswered. He indicated that HubSpot is on a “path to profitability,” but over three years later they still haven’t gotten there.

By

Sourced from E. Starr Associates

By Paul Talbot

Marketing strategy doesn’t just lay out processes to create new customers and retain existing ones. Directly or indirectly, it can position the organization in the minds of current and future employees.

I asked corporate culture consultant Josh Levine, cofounder of CULTURE LABx, to lend his perspective to the ways that marketing strategy can impact employee recruitment and retention.

Paul Talbot: How is marketing strategy changing and why?

Josh Levine: The most important shift that leading companies are making is away from ‘what you’ll get’ and toward ‘the journey you’ll join.’ Sure, salary is important, and perks are nice, but people get excited about a big problem they get to help solve.

To get attention in a noisy marketplace, leaders need to define and communicate a compelling purpose – why they are in business beyond making money.

Talbot: When you look at a marketing strategy, what do you like to see?

Levine: A highly differentiated employer value proposition. Without that, it doesn’t matter how clever your social media campaign is.

Every potential candidate wants to know why they should join your company over another. If it comes down to merely salary and benefits, you’ve already lost – even if they accept the offer, they are unlikely to stay longer than the nationwide average of 18-24 months.

Talbot: Marketing strategy, brand strategy, media strategy, campaign strategy…we have all these strategies that can easily exist independent of one another, or at least lack desirable synergies. How should the organization pull them together and manage them effectively?

Levine: Communication strategies like these are only as good as the story they are built to tell. The problem is that most organizations don’t take the time or have the internal alignment to start at the beginning.

Each team is given a task ‘get clicks,’ ‘break through the noise,’ or ‘drive ROI.’ But what message are we trying to tell? Sure, we want to make sure everyone knows we are a great place to work, but what is unique about us? Which leads me right back to purpose.

Talbot: Just about every marketing strategy attempts to shed light on the target customer. Where does this task fall short, and how can it be improved to more helpfully illuminate the target?

Levine: We just finished a project with a client challenging exactly this question.

It’s surprising, but most traditional target customer profiles still boil down to who they are today. HR leaders and recruiters need to think about the person over time. Where are they in their career arc, how do they see themselves growing, and what will they need to get there?

Talbot: Any other insights you’d like to share?

Levine: Businesses are beginning to accept that to survive, they need to recruit ‘unconventional’ talent from anywhere they can; it’s the new reality of a market with record low unemployment and skyrocketing costs of salaries of people living in the urban core.

We are going to see extreme distributed work forces, and leaders need to be ready to market to these untapped pools of talent. And don’t forget your current employees – after all, it’s much cheaper to keep an employee then find a new one.

Feature Image Credit: ASSOCIATED PRESS

By Paul Talbot

Minus strategy marketing staggers. I am a somewhat reformed ex-media business executive, with tours of duty at AOL, CBS Radio, and Nationwide Communications. I’m a fan of F. Scott Fitzgerald, the Boston Red Sox, the Principality of Liechtenstein, fried clams, fog, and prices that end in the number 7. Follow me on Twitter or LinkedIn. Check out my website.

Sourced from Forbes

By

Back in 2014 — can you believe it’s been five years already? — the marketing world was having an industry-wide internal debate about inbound versus content marketing, and which practice serves the other.

HubSpot, the company that coined the term “inbound marketing,” publicly claimed content marketing serves inbound. The founder of the Content Marketing Institute (CMI) countered by saying inbound is a subset of content marketing.

Here’s what was missing from the 2014 conversation: an awareness of the pressure we marketers felt to prove content marketing ROI in our own departments by year’s end. Many of us had spent precious time, funds, and energy creating content to build awareness and generate leads, handing responsibility off then to the sales and service departments so we could get back to creating more “interest stimulating” stuff to post. Many marketers had largely missed the customer retention power of content marketing.

Today, the conversation has shifted from whether content or inbound marketing is primary to how the two separate but related disciplines can interact and complement each other to generate ROI. To that end, brands are discovering content marketing’s potential as a powerful customer retention tool. Here are just a few of their strategies.

Live and In-Person Events

In sharing his origin story with LinkedIn, Andy Crestodina, co-founder and CMO of Orbit Media, says he first “needed to learn search, and later, content marketing,” signifying a fundamental difference between the two.

That got me. In a world full of marketers who still use the two terms interchangeably, Andy had something to say about the broader capacities of content marketing. Had he too seen content retain customers as well as it had served the goals of search? If so, in what way?

I pinged him to ask.

“This might surprise you,” he began, “live events are an awesome content format for retention. If a good chunk of your customers are in your geography, try creating a live event.”

Sounded logical, of course, but did he have any examples of in-person events actually working? Turns out, yes: He was very familiar with this marketing medium.

“We’ve done a monthly event for nine years. It’s called Wine & Web, and it combines teaching and networking,” Crestodina continued. “The results for both sales and retention have been huge for us.”

Want to boost content marketing ROI? Consider the power of content to retain — not just attract — customers.

Image attribution: Kelsey Chance

Online Communities

Many content marketers praise the LEGO brand for its feature films and publications, which are indeed powerful content marketing examples. But what jazzes the kids I know is the company’s online ideas hub called, aptly, LEGO Ideas. Here, young innovators can submit their own ideas for LEGO sets and vote on the submissions of others, in the hope of someday seeing their own idea on toy-store shelves. The collaboration combined with competition makes for an emotional hook every parent can confirm.

Communities-as-content isn’t a new idea, but targeting those buyers whose hands are already all over your product is a brilliant way to increase content marketing ROI without chasing another new lead gen tactic.

Maximization Webinars and Tools

Personal finance brand YNAB (You Need a Budget) invests heavily in motivating customers to get the most out of their product. Every day, they host small, live, personal online classes that allow attendees to interact in real time with the YNAB rep and fellow budgeters.

Want to boost content marketing ROI? Consider the power of content to retain — not just attract — customers.

Image attribution: Wes Hicks

The webinars are short, so you can squeeze a class into your morning commute or workout. They’re also recorded, which means customers who get interrupted mid-class can catch up later. While the brand may be tempted to route funds to more traffic-generating content, focusing on their customers’ financial success more than pays off (pun intended).

Another prime example of a customer retention marketing strategy is the hyper-relevant information mirrored back to all drivers who use the Snapshot device from Progressive Insurance. It’s a program customers appreciate, as safe behavior tracked through this app is rewarded with sizeable discounts on insurance premiums. This technology also helps to inform marketing efforts through its key insights on customer’s driving habits.

Through Snapshot, the brand enjoys:

  • Permission to collect and analyze gobs of data
  • Potential reciprocity of having given a substantial gift ($700 million in discounts to date)
  • Motivated customers — drivers who have another reason to behave safely behind the wheel
  • A creative new revenue center. McKinsey consultants recently observed that marketing tech like this can be monetized into its own business unit to (strategically, of course) serve other insurers.

So yes, content can and does achieve the goals of inbound marketing. But content can do so much more to engage, wow, and eventually multiply the people your funnel brings in.

User-Generated Contributions

Customer loyalty programs (think birthday discounts, referral perks, and gamified spending motivators) are great. But how can content play a role in a customer retention marketing strategy? By turning buyers into co-creators, of course!

Tarte Rewards by Tarte, a cosmetics and skincare brand, incentivizes customers to earn online store credit not just by spending more, but by leveraging selfies and social engagement that feature the products they’ve purchased.

Much like how beauty brands utilize influencers, Tarte has empowered its own customers to act as advocates and provide authentic user-generated content. This content is powerful, in that it:

  • Promotes a product and builds brand awareness when users share their experiences
  • Builds brand confidence when products are shown on real consumers
  • Boosts social engagement, as consumers get competitive and creative in showing how they’re using the products
  • Provides marketing content that’s original, authentic, and visual—often even video-based—which showcases products in the most compelling way
  • Displays brand loyalty, since buyers are unlikely to invest their own time, energy, and creativity into promoting a product on social unless it’s that good

Keep in mind that the smaller, more intimate following each shopper brings can, when combined, be much more powerful than a disengaged or artificial audience.

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Awards for Customer Retention

Competition as content? You bet. Brand-hosted annual awards are one of the most creative, effective content marketing tactics.

One of the best B2B examples of this is the Life Science Industry Awards, originally initiated by industry publication The Scientist and now hosted by BioInformatics Inc.

The sponsor and its divisions provide research and advisory services to support the life science, analytical instrument, and diagnostics industries. But the firm regularly stops to take the pulse of its voting insiders (all scientists) by polling them to celebrate the “rock stars” of life science product manufacturers and suppliers. A top determinant of ranking in the awards? Customer loyalty and satisfaction. Awards become a means of taking already-engaged customers and making them even more invested in the brand.

The Heart of Content Marketing

Content marketing has evolved far beyond a play to increase brand awareness. Today, we coordinate annual industry awards, conduct live interactive webinars, host forums, personalize mobile apps, invite clients over for wine once a month, and even leverage buyers’ selfies. These are all ways content marketing can serve customers from attraction through to loyalty, and even into advocacy.

Robert Rose of Content Marketing World says getting content to spur customer retention is about more than just focusing at the top of the funnel. It’s about meeting consumer needs—not alienating them once you’ve caught their attention.

“The basis of our content marketing strategy once was how much can we create in order to ‘get found.’ But that’s where many businesses sort of stopped. They didn’t really explore any more deeply what content marketing could provide by the way of marketing insight into those personas or into those customers once they get deeper into the funnel,” he explains. “We know a lot of companies that are amazing at inbound marketing, or the top of the funnel stuff, and they are absolutely horrible at customer retention, and they are churning through customers like nobody’s business.”

Today, many marketers still consider the terms “inbound” and “content marketing” interchangeable. But content marketing achieves dozens of business goals, and inbound traffic is only one of them.

“SEO is a subset of content marketing,” Crestodina stressed in our interview. “Organic search is one of the three big promotion channels for content. The other two are social and email.

“The content marketer does three things (to focus on) all day long: create, promote, and measure,” he says. “Not all content strategies have an SEO component, but most do. Why? Because it’s a very durable source of qualified visitors.”

Empowering your customers to support your brand on social is a home run marketing strategy. But by taking the time to meet with them, either in person or through a live web event, and listening to their needs, customer retention gets a whole lot easier because consumers are always more keen to support a brand that gets them and goes the extra mile.

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By

Bethany Johnson is a multiple award-winning content marketing writer and speaker. Her work empowers marketers to ditch interrupt advertising in favor of original content that converts passive readers into active followers. Thriving brands like Tom’s of Maine, MasterCard, ADP, Fidelity and the Content Marketing Institute currently rely on Bethany’s fresh style to connect with audiences daily. As a consultant, she combines simple change management principles with her insider knowledge of freelancing to show traditional marketing teams how to flourish in today’s gig economy. For more, visit bethanyjohnson.com.

Sourced from Skyword