Tuesday, 27 June 2017

Ecommerce customers are influenced heavily by user generated content

Chart of the day: User generated is the single most influential factor in determining purchase intent.

User-generated content (UGC) includes things such as photos and reviews sent in by previous customers. Nine out of ten (90%) of US customers who took a recent survey into UGC, said that user-generated content was the highest influencing factor when purchasing online. Search engine results came a close second. Promotional emails came third. It makes sense for SEO and email to have high influence, but this study shows that UGC is now heavily influencing shoppers, more than ever are buyers relying on reviews and the opinion of others.

Those under 30 were particularly heavily influenced by UGC. Those over 65 were least influenced by UGC. Clearly then UGC will become over more popular and is an area you should be looking at developing.

 



source http://www.smartinsights.com/ecommerce/ecommerce-strategy/ecommerce-customers-influenced-heavily-user-generated-content/

Facebook looks to build more meaningful groups

Facebook launches new tools to make group admins lives a little easier

Facebook has rolled out some great new tools for group admins that will help them manage their groups more effectively. The aim of rolling out theses changes are to help group admins and moderators to save time and increase the amount of meaningful content to ensure the groups are adding value for Facebooks users.

Mark Zuckerberg  described his vision of Facebook groups as:

There is a real opportunity to connect more of us with groups that will be meaningful social infrastructure in our lives. More than one billion people are active members of Facebook groups. If we can improve our suggestions and help connect one billion people with meaningful communities, that can strengthen our social fabric.

At the Facebook Communities Summit in Chicago, it was announced to some of the top group admins of Facebook that they are looking to provide more tools for groups now and in the future. The first to be launched are analytics, membership request filtering, removed member clean-up, scheduled posts, and group-to-group linking.

New features for Facebook group admins

Group Insights: Group admins will have access to group insights to better understand what's going on in their groups. Facebook reported the following:

'Now, with Group Insights, they’ll be able to see real-time metrics around growth, engagement, and membership — such as the number of posts and times that members are most engaged.'

By understanding what content is most popular among your group members you will be able to share more of what works.

Membership request filtering: One highly requested change is allowing group admins to sort and filter membership requests. This can be done by category to then accept or decline all at once. This feature would be ideal for those who have a high volume of requests to join, allowing you to filter through requests and bulk accept or decline.

Removed member clean-up: We all need help to keep our communities safe from bad members, group admins can now remove a person and the content they’ve created within the group, including posts and comments, in one step. Trolls can be a massive problem for some groups, therefore having the option to block, delete their content and history is a bonus.

Scheduled posts: I'm sure to many group admins relief we can now schedule posts on a specific day and time. To make the most of this feature use the new insights feature to inform when you schedule, what content you use and what time of day is best to share.

Group to group linking: Facebook is testing group-to-group linking, which allows group admins to recommend similar or related groups to their members. A great feature for those businesses who have multiple groups and pages they could link to. A great way to bring associated communities closer together.

We would love to know what you think of these new features and whether or not you have them yet? Either comment below or tweet us.

We have recently launched our own Facebook group for paid members. This group aims to share digital marketing insights, a place to seek advice and an opportunity for you to connect with like-minded digital enthusiasts. Smart Insights members share a passion for learning about the latest in digital marketing and solving online marketing challenges, so where better than Facebook for this! If you're a paid member head over to our Facebook page and join today.



source http://www.smartinsights.com/social-media-marketing/facebook-marketing/facebook-looks-build-meaningful-groups/

Is a digital marketing strategy essential?

Does your organisation have a clearly defined digital marketing strategy?

Our survey of digital marketers this year found that many businesses still aren't taking a strategic approach to digital marketing. In our Managing Digital marketing research in association with the TFM 2017, we asked last year 'Do you or clients have a digital marketing strategy", and only half of the respondents said yes!

This year we wanted to see if people are getting better at thinking strategically about their digital marketing objectives and putting that strategy into action. We asked anyone who works in digital marketing to take our survey on managing digital marketing, which we ran in partnership with TFM and the eCommerce expo. We got over 750 responses to our survey, so thanks to those who took part!

Here are the findings from this year's survey:

Is a digital strategy essential?

So, 49% of companies are working on digital marketing with no clearly defined strategy it seems. This is actually slightly worse than compared to the previous year when the percentage was 44%. This may be because we're seeing more small businesses and start-ups self-confidently assuming that can make digital work without a defined plan.

Does this matter? Well, certainly the beauty of digital marketing is that you can get results by focusing on the tactics like search, social media and email marketing plus working on conversion rate optimisation for the website. In the sense that you can still get results, then, a strategy isn't essential But the larger the business, the more a strategy and governance is needed as suggested by Dave Chaffey in his post 10 reasons your business needs a digital strategy.

We all know why it's important to have a strategy and there are many day-to-day priorities and challenges which prevent us from formulating or delivering our plans. A digital strategy will also help with integration to avoid us creating a silo of digital resources and practice through digital transformation.

Is a separate or integrated digital plan best?

Although you may initially need a separate digital plan to help you create a strategy and get buy-in for investment in digital channels or to kick-start a digital transformation programme, it’s best to keep it well-integrated. That means supporting common business goals and consistent with brand and communication strategy. The long-term aim should be to integrate your digital plan into your marketing communications plan, but with a separate plan a practical interim approach to gain 'traction'.

As the 2016 survey results show, manny businesses have not yet started any kind of digital transformation plan, yet the need is clearly there are a third of businesses say they are planning on introducing one.

We see a digital plan as a short-term tool to define your digital future and help transform your business until it becomes part of planning for business as usual.

Free Download for members



source http://www.smartinsights.com/digital-marketing-strategy/digital-strategy-development/digital-strategy-essential/

How Holistic Testing Can Bring You Greater Rewards

Do you have a holistic testing strategy?

Testing is the best way to find out what makes your customers tick, but if you market across multiple digital channels, you must come up with a testing protocol for each channel: email, web, social media, retargeting, SMS etc.

Or do you?

And even though you already know that email is the hub of your digital marketing programme because you can use email addresses to identify and communicate with your customers across all your marketing channels, most email marketers are not performing the basics and testing their emails as stated in latest report from GetResponse “Email Marketing & Beyond: Global Industry Benchmarks 2017”.

What if I could show you that…


Testing via email can drive your multichannel testing programme and deliver insights across your entire customer database, thereby not only saving you time and money in driving traffic but also providing increased conversions sooner. After all, your email database is representative of your target market – your prospects, your first-time purchasers, your regular customers, your loyal customers as well as your lapsing and lapsed customers.

This is Holistic Testing – a new testing methodology by Holistic Email Marketing - which moves beyond single-channel and basic A/B testing to deliver a more powerful set of customer insights that inform, improve and direct your entire marketing programme.

Why the Holistic Testing method is different


Most of the testing that email marketers do today is "ad hoc" testing: one-off, irregular testing of factors that uses no scientific methodology or hypothesis and doesn't build on previous testing results. Email marketers perform these tests with the aim of determining which version delivers a better result. However, in many cases because of the lack of scientific approach to performing the test, the results are not valid and disbelief in testing sets in.

An example of this is a test that has been set up to determine which subject line delivers the highest clickthroughs. No hypothesis has been defined.

Control: Our sale is on now! Get 15% off today!
Variant: Our sale is on today! Get 15% off now!

In contrast, Holistic Testing comprises a series of regular tests, each of which uses a hypothesis and scientific methodology to guide the research and improve its validity. Additionally, Holistic Testing aims not just to learn which version "won" but also to discover long term insights about the audience that you can roll out to other channels.

Hypothesis: Your statement of the presumed problem, your proposed solution and what you expect your test will reveal. Your results will either support or refute your hypothesis. An example hypothesis could be “Loss aversion copy is a stronger motivator towards conversions than benefit-led copy because people hate losing out more than they enjoy benefiting.”

Your hypothesis helps you choose the right factors to test. Most testing focuses on a single element, but you can test multiple factors that help to test your hypothesis, such as determining whether loss aversion or benefit statements drive more conversions.

For the above hypothesis, you could test subject line, copy and CTA simultaneously. You're still only testing one thing – your hypothesis – but you're using multiple factors working together to test that hypotheses. This is a major difference from normal testing.

Using the same Control Subject line and the above hypothesis, this is how a Holistic test may look, testing multiple factors based upon the same hypothesis:

Subject Line:
Control: Our sale is on now! Get 15% off today!
Variant: 15% off today only. Don’t miss out!

CTA:
Control: Get 15% off >>
Variant: Don’t miss out, act now >>

Scientific Methodology: How you will conduct your test and measure the results. It beats just plugging random variables into your testing platform and seeing what happens. Having these guidelines makes your results less vulnerable to chance or unknown factors.

Now that you have defined which is the winning motivator – benefits or loss aversion - you can repeat this test using email a couple more times to ensure the results weren’t due to an anomaly. If all the tests performed support the same findings, then you can roll out the insights to other channels such as your landing pages, PPC ads, Social Media etc.

Three additional bonuses of Holistic Testing:

1. Using email to test and gain insights on your target market can bring more budget and resources to the email marketing department.


You'll be better equipped to persuade management and other marketing teams that email is essential to assisting other channels, not just converting customers (where we already know it's awesome).

A carefully constructed plan of different hypotheses will give you reams of insights and help guide planning for future campaigns.

2.Your email database is made up of your target market so the insights you discover via testing in email will also apply to your other channels.


Suppose your email tests show that your first-time buyers respond more enthusiastically to free shipping without a purchase limit, but your loyal customers – those who bought three or more times in 12 months or who belong to your loyalty club – prefer VIP access and exclusive offers.

You can apply this to your website copy and organisation, to search keywords, PPC campaigns and related landing pages, and in ads and banners, you run on third-party sites in remarketing or network campaigns. Pretty soon, you’ll find more budget is being allocated to the email marketing department as it’s turned into the main testing channel.

3. Holistic testing encourages incremental innovation (AKA the Aggregation of Marginal Gains).

A simple email A/B test is easy to set up and manage in an email and will deliver concrete information that you can build on in future emails. Or, use the newly discovered insights as the starting point on your landing page to incrementally improve it further with your regular website testing tool.

One change might yield only a 1% improvement, but a series of small gains over time could add up to a revolution, and could save you ££ in driving traffic to the website and start you off in a better position to reaping the rewards sooner.

Why use email for Holistic Testing?

1. Testing by email is more cost-effective.

Today, even basic email messaging platforms offer basic plug-and-play testing. But, even if you must pay for testing, the money you will earn from better marketing messages will more than outweigh the cost, not just on a single campaign but throughout your marketing programme.The more you know about your customers, the better you can speak to them.

The more you know about your customers, the better you can speak to them.

Instead of planning a campaign on what your instinct tells you, you can go right to your data and tell your team, "Let's use emotional language for our Mothers' Day promotion across all channels, because our testing in email shows it's more effective than humour."

You'll waste less time and money on running tests via slower channels which rely on additional budget to drive traffic as well as recoup more money because your emails are more appealing, relevant and communicating the same message (albeit potentially different wording and creative), meaning no disconnects. That's a win-win all around.

2. Email testing has a shorter turn-around time.

Maybe you learned about testing when you used it on your website's homepage, landing pages or product pages, and you dread the prospect of having to wait a month or longer until you get statistically significant responses.

Email testing is different because you're already testing your target audience. You can get answers almost immediately, and certainly within a day or two after you send a campaign. Email is a push channel – you don't have to wait for your customers to find you through search or drive them to the site or social media platform with paid traffic.

This means that you start to benefit by having increased conversions sooner rather than later.

Holistic testing in action: 3 experiments

Below are three example email testing hypotheses that you can apply in other channels, including your homepage, landing pages, products pages, search, PPC ads, banner ads and social media.

1. Emotional question will generate more sales than a directive statement

Factors tested: Subject line, CTA, title, copy, landing page.

The result can be applied to headlines on the website, blogs, PPC ads, banner ads, social media and retargeting ads.

2. Double loyalty points will generate more sales than 15% loyalty points.

Factors tested: Subject line, CTA, title, copy, landing page.

What a fantastic discovery this would be! Once assured that this was a consistent result across multiple email tests, you could apply this finding to your loyalty programmes.

3. An emotive image of a person smiling and wearing outfit will generate more sales than image displaying outfit laid out.

Factor tested: Image on email and landing page

Again, you can roll out the results of this email test to your homepage and product pages as well as in banner ads, social media, retargeting ads as well as print ads.

These hypotheses will need multiple tests to ensure the results are not anomalies. This is their beauty. None of them are bound to any specific wording because you are testing motivation, which has been defined within the hypothesis.

Conclusion:

1. Holistic testing yields the greatest insights.

Regular and systematic testing will deliver the greatest insights into your audience and help you understand what works best for your email programme. Going for long-term gains instead of short-term results gives you a solid foundation for consistent performance and incremental innovation.

2. Testing doesn't exist in a vacuum.

Rather, it's part of a cycle of continuous learning, as you can see in the chart below. The hypothesis guides the testing, which generates data you can analyse and learn from. Applying the learnings to appropriate channels can lead to new research interests, which launch new hypotheses, and the cycle starts all over.

3. Holistic testing has one major drawback.

It's addictive! Email gives you so many factors to test (way more than just the subject line) that once you get the hang of testing, you'll want to keep doing it. (But that's a good thing, so carry on.)

As the saying goes, "Always be testing!"



source http://www.smartinsights.com/b2b-digital-marketing/b2b-strategy/holistic-testing-can-bring-greater-rewards/

Monday, 26 June 2017

Online ad spend overtakes TV ad spend globally

Chart of the Day: After years of global growth, online ad spend outstrips TV spend for the first time

Online ad-spend surpassed TV spend in several mature markets a few years back. But now we have reached the watershed moment where online ad spend is higher than TV spend globally.

This spectacular growth makes it an interesting time to work in digital marketing. But we are seeing the lion's share of this growth to just two providers, creating a 'digital duopoly'. This may create a less competitive market, which could be bad news for advertisers in the long run.

 



source http://www.smartinsights.com/advertising/online-ad-spend-overtakes-tv-ad-spend-globally/

Naming your Business: Process and Pitfalls

How to create the perfect name for your business

Company names like Apple, Amazon and eBay evoke an image of success and cutting-edge technology. They make an emotional connection with consumers, resulting in the kind of brand recognition that many companies dream of.

It’s hard to overstate the importance of a business name. Not only is it the first thing that customers see, it also sums up the company and its unique take on an industry. “When a name is the face of the brand, getting it right is absolutely crucial,” Adam Fridman writes in Inc.

Getting your business’ name right could mean the difference between “Blue Ribbon Sports” and “Nike.” Here are some tips for how to come up with a business name.

When Naming a Business, Think Like a Consumer

Ideally, your business name should be short and easy to spell while covering key elements of your company.

Unique spellings such as “Chick-fil-A” can be acceptable, “but don’t make your company’s name so unconventional that it’s hard to remember,” cautions Inc. staff writer Graham Winfrey. An eccentric or long name can undermine your audience’s ability to search for it. “Not every company can have a short, simple, one-syllable name like Box, Dell, or Lyft, but if you come up with a great long name and a great short name, you should probably go with the short one,” he adds.

A business name that identifies what your company is about is crucial. The name will also set your company apart from the competition. Appeal to the kind of customers you are trying to attract. “Choose a comforting or familiar name that conjures up pleasant memories so customers respond to your business on an emotional level,” Entrepreneur says.

For example, a name like “Italiatour” for a company that promotes tours to Italy can instantly excite audiences about foreign travel. The name helps customers understand what the company offers.

You should also know what to avoid when choosing a business name.

  • Avoid made up words or acronyms with no apparent meaning. Anything too obscure will be a problem for your audience. Coined words can be powerful in certain situations, however. “Acura” has no definition but suggests precision engineering, according to Entrepreneur. The term is from “Acu,” a word that means “precise” in many languages.
  • Avoid overused metaphors. Names like “Summit,” “Apex,” Pinnacle” and “Peak” are overworked, says Phil Davis in Entrepreneur. Combinations of positive words and metaphors can work. Data storage company Iron Mountain conveys strength and security in its name.
  • Avoid words with negative connotations. Be careful with terms that have possible suggestive, embarrassing or otherwise negative meanings.
  • Avoid geographic words. You might encounter problems if your business expands beyond the region. This is why Minnesota Manufacturing and Mining became 3M in 2002 and why Kentucky Fried Chicken adopted KFC in 1991.

Research and Test Your Business Name Ideas

Online Research

A large portion of your company’s audience will find your business on the internet, making online research a smart place to begin testing business names.

  • Perform keyword research. See if the ideas will have a strong online presence. If you target a common word, it might be difficult placing on the first or second page of search results for Google.
  • Consider business URLs. Your business’ “.com” or “.org” is perhaps more important than any other online presence. Make sure your domain name is available. Consider how short and memorable it will be.
  • Search social media. Like your domain name, you’ll need to make sure your business name is available on Facebook, Twitter and more. You’ll be able to tell if competitors’ names will be too similar on these networks.

Trademark Research

“Not every business name needs to be trademarked, as long as your state government gives you the go-ahead and you aren't infringing on anyone else's trade name,” Entrepreneur says. “But you should consider hiring a trademark attorney or at least a trademark search firm before to make sure your new name doesn't infringe on another business's trademark.”

Consider performing trademark research once you’ve identified four or five names you like. This step could help your company avoid costly litigation in the future.

Audience Research

Focus groups can help you determine how people respond to your favorite business name options. “Survey as many people as you can,” Bridie Loverro, co-founder of QuadJobs, told Winfrey. “The name to choose may not necessarily be the one people like best, but the one they remember most.”

Make sure your naming extends beyond the local market. Anthony Goldbloom, an Australian-born data scientist, asked family and friends whether they liked “Sumble” or “Kaggle” better for the startup he co-founded, The Wall Street Journal explains. They chose “Kaggle,” but when Goldbloom moved the company to the United States from Australia, he noticed that people in the Midwest tended to pronounce “Kaggle” as “KAY-gel.”

This is the same pronunciation for “Kegel,” an exercise strengthening the pelvic floor to help with urinary stress incontinence. “In other words: It’s probably not the best name for an online data startup,” The Wall Street Journal says.

 



source http://www.smartinsights.com/digital-marketing-strategy/naming-your-business-process-and-pitfalls/

Essential customer reviews and ratings tools

The 5 best tools for collecting and showcasing customer reviews

Reviews have become essential to buying and selling online with customers trusting customer reviews over 10 times more than descriptions or claims made by the brand itself. Reviews can also benefit a brands’ search marketing efforts, as often they will feature highly in SERPS, particularly for local results. They enable marketers to collect and request product and customer service reviews. Some tools also curate conversations happening on social media for brands to use as social proof on their websites.

Customer review and ratings tools enable marketers to collect and request product and customer service reviews. Some tools also curate conversations happening on social media for brands to use as social proof on their websites. We've researched five of the best customer review and ratings tools so you can decide which is best for your business. These tools have been selected to be particularly useful for e-commerce business.

Convert

Key things to consider before purchasing and using these tools:

  • If you’re not asking for and responding to customer reviews, your brand is almost certainly being discussed somewhere without you.
  • It’s far better to be part of the conversation (even if you’re tackling negative issues) than to be without a voice.
  • Customers expect the odd bad review (there’s evidence to suggest customers don’t trust reviews that are all positive). It’s the balance of good to bad reviews that’s important.
  • Are you making the most of your reviews? They’re powerful for SEO product listings, PPC ads and as navigational filters (i.e. ranking products using customer feedback)

TrustPilot

TrustPilot is a customer review platform, designed with the client and their goals in mind. Businesses can use the free account option to collect and respond to reviews, but the “lite"  account (which is paid) allows you to add it to your website. Trustpilot focuses on transparency to ensure trust is built and retention is sustained. Achieving this by giving businesses the tools needed to collect reviews. This transparency means users trust the results, which is good for business.

Key features:

  • Customer Service is outstanding
  • Industry standard for features on offer Trustbox
  • Widgets which can be embedded on your site
  • Ratings can be pulled through by Google for any PPC campaigns

Feefo

Feefo gives you a complete understanding of your customers’ experience. It provides the ability to manage all of your consumer ratings and review them from its dashboard. The tool offers a little more control over the feedback and reviews shown than TrustPilot. The dashboard allows you to manage who see’s what and in what format, whether that be through Percentages, Star Rating, or Text. The paid service allows you to email real customers to collect authentic reviews from them.

Key features:

  • Provide Google with ratings data so that product ratings show up in Google’s results pages
  • Reports and analytics
  • Social sharing
  • Customizable rating displays
  • Ratings can be pulled through by Google for any PPC campaigns

YOTPO

YOTPO helps businesses generate more reviews. They claim it allows businesses collect 9x more reviews, with its Mail After Purchase (MAP) feature. The company also says that it can generate reviews from 10% of a business’s customers simply with the use of data-driven, automatic emails.

Yotpo tends to generate more reviews than any other “review” site, in part due to the incentives sent their way in the way of coupans to respond. This of course, tends to mean a slightly more favourable review, meaning you may be missing critical feedback.

  • Widgets available, which have shown to improve on-site conversion by 2.5x
  • Uses user generated photos to help market your business
  • Facebook and Twitter integrations
  • Reviewers are incentivized to respond

Bazaarvoice

Bazaarvoice, provides a good service similar to the other tools mentioned but with additional features such as an analytics plugin and the ability to create a product sampling program and community. Its price tag is a slight deterrent, however the analytics available may make it worthwhile. In addition the ability to respond to product reviews is incredibly simpler and more efficient process.

  • Customers sent a post-interaction email, to encourage feedback
  • Conversion Impact Report shows your Conversion Rate
  • Questions & Answers section on the product detail pages gives another way to add SEO-rich content

Revoo

Reevoo provide an honest, impartial and trusted review collection platform to some of the largest global brands. Reevoo is a fairly standard review site, with easy functionality and additional data and reports which can be pulled through the simple to use dashboard. The ability to review all the user ratings and reviews from one dashboard is handy.

  • Reviews and ratings management
  • Customer insights
  • Reports and analytics


source http://www.smartinsights.com/goal-setting-evaluation/customer-feedback/essential-customer-reviews-ratings-tools/