Thursday, October 7, 2010
Don’t Forget Impulse Buyers in your Marketing Plan
The art and science of creating marketing/advertising campaigns for impulse purchases is often overlooked or minimized by items displayed at the checkout line. However, when you get right down to it, impulse buys make up a large portion of Retail Company’s bottom line and they are not all small ticket items. The tricky part is how to segment the impulse buyers from the pre-planners by season, price point, demographically and geographically. What is appealing to impulse buyers versus the buyer that does their research ahead of time and only goes into the store to purchase one or two items. Marketing to these unique profiles should be part of your marketing plan and marketing message. Assessing buying behaviors in the past will help predict buying behaviors in the future thus help support the ROI of your marketing campaign. So next time you are out shopping and throw a few extra items into your buggy, remember a profile of your buying behavior can be determined and marketed to.
Wednesday, September 29, 2010
Stop Being So Secret
I don’t know about you, but all too often people claim to have the secret answer, secret ingredient, the magic bullet or whatever else they won’t tell you how they do it.
As a kid I can remember watching a magic show and being amazed by the silver rings that were so shiny and apparently solid construction, only to be surprised when the magician was able to “magically” separate them in an instant. This is great for kids, but bad for marketers. Clients don’t want magic tricks, or smoke and mirrors, they want answers and strategies that are based on a solid analytical foundation and yield great results.
Recently I stayed at a Ritz Carlton and had an amazing meal to which I commented to the waitress how good it was – her response, would you like the recipe? I was flabbergasted, here I was enjoying something new and delicious and they were going to provide me with the step by step process to enjoying the meal again and again.
Imagine if you had a relationship with your business partners, wherein they would explain the recipe to you and help you to replicate the results over and over. That would be the definition of a long term partnership - and it would be delicious.
At Blu we believe in the process of walking through challenges with our clients and answering the 7 questions that surround every marketing challenge and in turn serving up great results for our clients.
Bon Appetite.
Thursday, September 23, 2010
Customer Needs and Wants vs what you are selling
As part of the Reflex blu team, we understand the need to know your customer, know what drives profit, and how to market through multiple channels to get your message heard. Don’t settle on marketing what you think the consumer needs, find out what they want and fulfill the need. Long-term profits will be the return on your investment, when you marketing to the right person, at the right time, with the product or service they need.
Thursday, April 29, 2010
“SO WHAT”
Developing marketing campaigns is like putting a puzzle together, you have to have the right pieces in the right place to see the whole picture. In order to see the whole picture you have to ask the right questions to develop a campaign that draws the consumer to your brand and product. At Reflex Blu the process is called "7 Questions, 1 Answer". This 7Q1A process is the foundation and path to successful marketing campaigns that drive ROI. We work with clients across all industries and the “So What” to us is bottom-line results. We believe that by asking the right questions we can deliver the right results for you time and time again.
Wednesday, April 21, 2010
Have we become accustomed to settling for mediocrity?
What is the difference between ordinary and extra-ordinary? That little “extra” right? Extra-ordinary is alive and well at Blu. You might then ask, “That sounds good but, what is so extra-ordinary about Blu?”
> Extra-ordinary respect for our clients
> Extra-ordinary passion to serve our communities and in communities around the world
> Extra-ordinary blend of logic and creativity
> Extra-ordinary ability to produce great results (and quantify them as well)
We deliver exceptional results for our clients because we refuse to settle for mediocre ideas. If you feel as though you are in need of extra-ordinary, step out of the ordinary and into the Blu.
Wednesday, April 7, 2010
Give 'em what they want
Apple has earned a reputation for creating products that are useful, simple and sleek. Visual appeal and sound clarity set their products apart from the rest. First, it was the iPod. With it came iTunes (even my 67 year old father uses it). Then came the iPhone. Now, the iPad. And with each new product, there’s a newer version waiting in the wings to keep the momentum building. We have seen it time and again from Apple – iPod classic, iPod shuffle, iPod nano, iPod touch, iPhone, iPhone 3G, iPhone 3Gs. The next hot version of the iPad WiFi version that was just released – the iPad 3G. The brand loyal innovators and early adopters get these products moving off the shelves. The late majority (this is where I fit in), who are willing to wait for the bigger, better version with all the bugs worked out, keep them moving.
How did Apple do it? Like they always do. They created a buzz, started by a demonstration from Steve Jobs. They rolled out a few press releases, a couple of TV commercials, did some on-line advertising and used iTunes as another channel. But the bulk of their advertising was done virally. Pre-release, everywhere I looked there were articles and reviews by more “experts”. Some loved it and some didn’t get it. But chat rooms and tweets were full of people trying to determine if it was a must buy.
Apple listens to its customers – then develops. They know the demographics of their audience. They cross-sell that audience into products that move them to the next most logical product. We’ve all heard the saying, “the devil is in the details”. Without question, the details are in the demographics. Apple doesn’t try to push products that people don’t want. It doesn’t work. Look at the Palm Pre. It’s about to drag Palm into bankruptcy. Meanwhile, Apple dominates the marketplace.
Do you know WHO your customers are? Are you giving your customers WHAT they want? Do you know WHEN and WHERE they want it? Do you know WHY they want it? WHICH channels of communication should you use to reach them? HOW do you know? Reflex Blu can take you through the 7-question process to unveil the answers.
Monday, April 5, 2010
How loyal are you?
Here are recent examples of car salesmen behaving badly… Three years ago, I entered into a lease agreement on a car. I planned on purchasing it at the end of my lease and had built up quite a bit of brand loyalty due to a good track record with the car and the dealership’s service department. As my lease was nearing the end, I set out to negotiate the purchase price of my car (I discovered that the residual value was higher than the current market value, according to Kelley Blue Book). So, I called the dealership to discuss my options. The salesman really wasn’t interested in selling me my car- he wanted me to purchase a new one. After much back and forth, he asked me what number he needed to get to in order for me to buy. When I told him, he said, "you're really working me hard” and that he really didn’t know what I wanted him to say. I told him “nothing and thanks.” Initially, I had no intention of getting rid of the car – but I decided to go check out the competition.
That weekend, I went to a different car dealership. After test driving a couple of automobiles, the salesman promised to call the next morning with some figures (since it was near closing time). When it became late afternoon the following day and I had still not heard back, I contacted him. He said that he was off work that day and would need to call me back in the morning. The next day, he had someone else contact me who really didn’t know all the details originally discussed. The pricing he gave me was ridiculous. Frustrated, I called (or e-mailed) a total of 6 dealerships to get price quotes. Here are the results: 66% of the dealerships didn’t follow up when they said they would and 50% of the dealerships e-mailed price quotes back but were way out of line with where I told them I wanted to be.
But, one dealership was different. Not 10 minutes after I pressed “send” on the online request for quote, my phone rang (and it was 8:43 pm!). This salesman was extremely helpful, polite and came up with several options right off the bat. During the next week, we negotiated the details over e-mail (rather than wasting a lot of time sitting in the car dealership). He came up with multiple pricing options, sent a credit application via a link to their secure site and was always quick to respond.
It’s clear that companies who communicate through the RIGHT CHANNELS, provide SOLUTIONS and are in tune with the importance of EXCELLENT CUSTOMER SERVICE will ultimately prevail over those who don’t. The original salesman finally called back and got to the figure I was looking for - but it was too late.… So guess which one got my business?? Oh, and they also took care of my car tag - it’s being mailed to me. :-)
Sunday, April 4, 2010
WHY you should go see a 25 Foot Snowman!
The story remains that if you build something unique, people will seek out your brand. If you have the tools to push the uniqueness of your product to the right people at the right time you will succeed and you need to do it now, before your great idea melts into just another puddle of water. The WHY audit is just one part of the seven question approach to successful marketing that Blu has created. We have used our WHY audit to help health insurers, banks, car care centers, energy companies and other customers invent success. We also have many BIG IDEAS for other verticals as well.
Thursday, April 1, 2010
The Art and Science of Needs Based Selling
You know the old saying, “you get one chance for a first impression”? How true this still is even when we are inundated with marketing efforts across all different marking channels. There seems to be a shift these days from the old school approach of needs based selling to selling the item of the day. While the item of the day may impact the bottom line temporarily does it grow your customer base and provide long term value for your company? The Art and Science of gathering information from clients through a needs based analysis seems to make the most sense in impacting revenue for the short and long term. If profit is a result of customer behavior then how do you get the customer to behave in a way that is profitable? The answer is as it has always been, ask the right questions, put the customer in the right product that suits their needs, and grow the relationship through your marketing efforts.
It’s obvious that everyone needs revenue and profit today. Deviating from the “Stimulus” framework of our government, we believe that there is significant danger in focusing only on Today. The trick is driving traffic for the day as part of a methodical migration process from the long term.
A wise man once told me that a man who can only see the tips of his shoes and not the road in front of Him is bound to trip or get lost. Don’t let that happen to you.
Wednesday, March 24, 2010
Synchronized Multi-Leveraging
Synchronized Multi-Leveraging is Blu's way of using multiple communication channels to convey the same message to a target audience. It usually takes 3 to 7 message touches to positively influence the target audience's mindset to react desirably to the sender's offer.
But how do you know which channels to use? The number of channels, and channels within channels, literally grows by the thousands daily (think blogs, web sites, etc.). So how are we able to clearly select the appropriate channels with any more success than finding a needle in a haystack? The key is in understanding that each segment of the population listens to a different channel mix. Blu's analytical process combines an understanding of WHO your most profitable targets will be, and WHICH channels they most likely will listen to, so that our customers' messages are heard loud and clear by the people WHO can put the most money on their bottom line. Sounds good doesn't it?
If you still are a little unclear, maybe a simple analogy will help. When I started dating my wife, Evie, I really wanted to know her better. So did I just send her a card and hope that would do the trick? NO! I "synchronized multi-leveraged" her by:
1) Sending her a card
2) Having flowers delivered with a note attached
3) Called her
4) Had mutual friends deliver positive messages about me
5) Went to see her so that she could see my intentions were firm
5 channels, the same message, and lucky for me, she (my "target audience") reacted positively to my offer of "let's go out tonight". It is truly how people have always communicated, Blu just knows how to do it across an entire customer base, by segment through a myriad of channels.
Tuesday, March 9, 2010
WHY Roses?
Don't let anyone tell you brands and brand names are not important. The brand name and feel is the personality of your buying proposition and to consumers, it is the reason WHY they prefer your companies goods and services over similar ones from your competitors. Discovering WHY people are attracted to your brand, and using that feedback to shape future product and marketing messages will keep your profit margins up and your customers loyal. Discovering lapses in your brand promise is also important. If you can quantitatively discern that you have a failure, it is imperative to identify and repair that issue before you lose credibility on a long term basis.
Discovering the good and bad of WHY people choose or reject your brand or offer is critical step in shaping a profitable marketing plan. We call that a WHY audit and when you combine it with the other six audits (questions) it will deliver one big idea that drives profit to your bottom line.
Thursday, February 25, 2010
Changing Channels
You are on ultra safe ground to assume that my taste of music has changed since the days of Rock'n' Roll. Occasionally if you are near,you might hear a classic like "Dance the Night away" or "Back in Black", but it will be coming from my Ipod. About the only thing that has kept pace with the changes in music itself, is the way music is purchased. CNET reported that in August of 2009, 25% of all music sales were through Itunes. That number is growing daily and has changed forever the venue and mode of music sales. Why? Data tags and intelligence combined with algorithmic search engines give you what you want, when you are looking for it. Even better, it invents desires for artists and songs you have no knowledge of, by using data to accurately predict music you will like.
Marketeers have learned the beauty of using data intelligence, and everyone is in a rush to apply that across all media channels. Especially, the on line channel, because it collects and implements data intelligence on the fly as consumers' key strokes unveil clues of their desires. If you asked a Music company CEO ten years ago, "How will you use the web to market your business?", most would have replied, "we will get a website up to direct people to our stores." Many are left wishing they would have thought that through a little more. They relied on old school channels instead of harnessing the right one.
It is no secret that the web channel is exploding and reaps a heavy ROI for those who know how to use it. Let me throw a stat at you though: some 2/3 or American wealth is in the hands of the boomers and their elders and they are the least tech savvy group. So what does that mean? There is a different channel mix for each unique segment in the overall consumer universe. Using data Intelligence as a guide to select, apply and manage the correct marketing channel mix is critical going forward. We call that a "Which" audit, defining which channels you need to use to influence your unique profitable customer segments. Tracking shows that it takes three to seven positive messaging touches, across multiple media channels to stimulate the desired behavior. Finding the correct mix of "Which" marketing channels to use and implementing them in a consistent, systematic way is a huge part of marketing in 2010.
Changing the channels is something we all need to think through.........
Saturday, February 20, 2010
The WHEN is NOW!
Why is this important? Marketing has changed. As marketeers, we had better be serving up hot messages when our customers are thinking about consuming the products, services or cause that we are representing. The web, messaging apps, and all forms of viral, social and immediate media are literally retraining consumers on how and when the "spend evaluation" process occurs. The consumption and donation process is now a more informed and reflexive action, and that trend only seems to be strengthening. Need more proof? Look at the American Red Cross' latest campaign, "text Haiti to 90999". In the wake of such a disaster, when media outlets across the world have awareness of the needs in Haiti sky high , the campaign was clever in the sense that the rallying cry became the desired action of the message. Smart, simple, affective and most importantly, placed so that people would see it during the height of awareness, the campaign is a huge success. If the campaign would have occurred a year ago would it have worked? I think not. And yes, there was still an extreme humanitarian need in Haiti long before the earthquake.
Identifying windows when your target audience is evaluating your product and service will be extremely profitable for you. We call that a "WHEN" audit. The WHEN audit is just one part of the seven question approach to successful marketing that we created. We have used our WHEN audit to help health insurers, banks, car care centers, energy companies and other customers invent success. We also have many BIG IDEAS for other verticals as well.
Don't forget, the WHEN is NOW.
Wednesday, February 10, 2010
The art and science of influencing behavior?
Influencing behavior in 2010 is truly both an art and a science. Make no mistake about it, influencing behavior is the core function of all marketing efforts. To truly impact your audience, it takes heavy duty right brain creative activity matched with intense left brain research, modeling and logic to move the most profitable target audience towards a desired action.
If an incredible brand is splashed throughout the wrong media channels, broadcasting an undesirable offer, it will not work. Conversely, if you have rifle like precision in targeting efforts but are unable to communicate brand promises in your communication efforts, you are pretty much left to trading commodities.
Like the tin man of Oz, we believe that any company, charity, product or service can have a heart beat. If something has a heart beat, it has a personality and a dynamic and unique distinction that can then be used to systematically drive results.
If you are feeling like you might be missing the art or the science of influencing behavior, we are here to help. Now more than ever results truly matter.