Thursday, January 28, 2016
Benzaldehyde Common in E-Cig Vapors
Top 5 Ways Consumer-Generated Content Is Amazing for SEO
Texas Tries To Repair Damage Wreaked Upon Family Planning Clinics
When Texas passed laws designed to shut down Planned Parenthood clinics, it slashed the state's family planning budget. Of the 82 clinics that closed, only a third were Planned Parenthood.
Discover the Power of the “Only-Factor” to Drive Conversion
According to the CMO Council, digital ads will lead the way for global media growth in the next two years, accounting for 33% of total advertising revenue and growing from $133 billion to $194.5 billion. This month’s MarketingExperiments Web clinic examined how to make the most of this increasing digital investment by focusing on the “Only-Factor” — the point of your value proposition where your product’s exclusivity and appeal meet.
Check it out here.
The two experiments below illustrate the power of the “Only-Factor.”
In the first experiment, a credit card company wanted to see which PPC ad would produce the most applications.
Version A promoted its affiliation with a popular organization.
Version B noted that it offered the only credit card that supported this particular organization.
The result: Exclusivity matters. 2.34% clicked to apply for their credit card from Version A while 4.07% clicked to apply from Version B. This is a 74% lift that was validated at a 95% level of confidence.
In the second experiment, a software company wanted to drive more visitors to its landing page.
Version A specifically outlined how its product stands apart (number of clients served, worldwide market leader, award-winning).
Version B mentioned awards, but was far less specific.
The results indicated that specificity converts. Version A reported 1.08% clickthrough while Version B had only .89% clickthrough — a relative difference of 22% that was validated at a 95% level of confidence.
Want an instant test to measure how strong your “Only-Factor” is in your online advertising? Replace your brand’s name with a competitor’s in your online advertising. If the ad still works, you have work to do. You also have work to do if you’re offering exclusive benefits that your market place is ho-hum about.
Exploit your “Only-Factor” by creating and communicating a powerful value proposition: why customers should buy from you rather than anyone else. The heuristic below illustrates the concept.
When you subtract the cost force (Cf — the perceived cost of taking an action, like buying your product), from the Value Force (Vf — the perceived value of what you’re offering), you will get the net force (Nf). The higher the net force, the higher your conversions. Value force is made up of appeal (Ap) and exclusivity (Ex). Therefore, the higher your exclusive appeal, the higher your value force. So, to achieve the most conversions, you want the highest appeal and exclusivity possible. That’s the “Only-Factor. ”
To identify and communicate your strongest value force and the “Only-Factor” that comes with it, you’ll want to download and fill out the free value proposition worksheet here. This isn’t a solo activity; involve as many of your colleagues in as many departments as possible. You may even want to talk to your customers as well to attain the most accurate perceptions. It will be well worth the time invested as you’ll have the knowledge you need to pinpoint your "Only-Factor" and use it to drive more conversions.
You might also like
How to Avoid Losing the Value of Your Value Proposition
Value Proposition: How do you create an effective value prop?
Value Proposition: A simple spreadsheet to help you categorize your products’ value
Discovering Your Value Proposition: 6 ways to stand out in a crowded marketplace [MarketingExperiments Web clinic replay]
Sign up for the MECLABS Value Proposition online course [MECLABS is MarketingExperiments' parent research company]
8 Steps to Guarantee Marketing Automation Success
EmailMonday gathered an impressive list of statistics about marketing automation usage and its relevance for businesses in 2016 and beyond. Some key statistics from various sources include:
• 91% of the most successful users agree that marketing automation is very important to marketing success across all channels (Ascend2).
• Approximately 11 times more B2B organizations are now using marketing automation compared to those in 2011 (SiriusDecisions).
• Best-in-Class companies are 67% more likely to use marketing automation (Aberdeen Group).
• 79% of top-performing companies have been using marketing automation for more than two years (Gleanster Research).
• 42% of CRM users will increase marketing automation spending in the near future (Software Advice).
• 54% of CMOs have started or finished marketing automation software implementation (MarketingSherpa).
• The most commonly used marketing automation applications include email marketing software, CRM, and marketing automation suites (Software Advice and Research Now).
• In the B2B environment, 69% have used marketing automation for customer acquisition while 50% have used it for customer retention (ACT-ON and Gleanster Research).
As noted by other research, leveraging available automated processes for marketing can add efficiencies, fill in talent gaps, maximize limited budgets, and more effectively target those platforms and channels were customers and prospects are now located. In determining the process for adding marketing automation to your SMB, there are some best practices that you will want to consider before you dive in:
1. Review what you are using now before changing anything.
Like most companies, you are most likely using a wide range of offline and online tools, having added certain marketing tools as they have been introduced while still keeping old traditional software. You need to know what you have in order to determine what type of marketing automation you can employ that brings it all together and removes any duplication of effort and helps you have more time for other aspects of your business.
2. Research available marketing automation solutions.
In order to know what you want to automate and what this solution will do for you, it’s important to study the existing solutions. Whether you implement the marketing automation solution or you hire someone to do it, you need to understand why it works for your business. This can help with future strategic decisions related to your marketing effort and other technology investments.
3. Organize existing data to prepare for automation.
Automating with a mass of unorganized data definitely defeats the purpose, so you need to spring clean your data. This means getting rid of duplicate and inaccurate information before transitioning from multiple systems to just one.
4. Map out your transition to an automated marketing process.
You may even want to consult with a marketing professional who can suggest a specific way to approach the transition as well as the best automated marketing solutions for your business niche and specific strategy. Typically, you will want to have a centralized marketing database, an engagement engine, and an analytics engine as part of your new automated marketing solution.
5. Align the automated marketing processes with the sales processes.
It's critical to get your sales team included in the marketing automation process. They will most likely have insights about the type of automated system that would work best for what they are trying to achieve. This alignment can further your ability to qualify leads and turn them into customers.
6. Create a timeline for the marketing automation transition.
A best practice is to take a stepwise approach to automating your marketing processes. The last thing you want to do is change everything at once. If anything goes wrong along the way, you could end up losing customers and traction. By automating specific aspects of your marketing at one time over the course of six months to a year, you are ensuring everything integrates and is seamless to the customer and prospect.
7. Train your staff to use the new marketing automation solution.
Ensure that they know how and why this marketing automation solution works for your organization. Even though it is automated, your staff still needs to know what it is doing and what the results mean. After all, overusing the automation can backfire so they need to know the frequency and quality of the messages they are adding to the solution. There are still decisions to be made about marketing content used for the automated processes like email marketing and campaigns plus analytics to analyze and changes to make based on the results from these metrics.
8. Continually review results from the marketing automation effort.
Your marketing automation processes do not operate in a vacuum. It’s critical that you continue to monitor them and assess the results you get from the investment. The analytics you get from the effort will guide you toward any changes that need to be made and will serve as the benchmark for the type of technology or tools you add in the future.
This is the year for your business to transition to marketing automation to ensure the greatest efficiency and return on your marketing investment. By following these best practices, you can increase the results gained by automating your marketing processes.
This comprehensive guide to Marketing Automation will start your journey down the road of marketing automation success.
Author Bio: John Rampton is an entrepreneur, investor, online marketing guru and startup enthusiast. He is founder of the online invoicing company Due. He was recently named #3 on Top 50 Online Influencers in the World by Entrepreneur Magazine and has been one of the Top 10 Most Influential PPC Experts in the World for the past three years.
3 Examples of Brands Using Podcasts to Increase Sales, Offer Value & Build Audiences
[Note From Ashley: TopRank Marketing team members Debbie Friez and Joel Carlson recently attended a Minnesota Interactive Marketing Association (MIMA) event in Minneapolis and collaborated to bring you the insights below from the event.]
Long gone are the leisurely evenings and weekends where people disconnected from the outside world and made time to relax. Today’s consumers are ALWAYS connected and constantly consuming information from a variety of sources.
The question for marketers is: how can you capture the attention of your audience while they’re on the go and multi-tasking constantly? One of the solutions that has surfaced in recent years is incorporating podcasts into your digital marketing mix.
Below we’ll dive in to three case studies MIMA social broadcasting event that uncover how different brands are working podcasts into their marketing strategy.
First, Why a Podcast?
- Mobility is key. You can listen on the go in your car or the train.
- It’s personal. The information can be directed at the consumer.
- Drives Engagement. Podcast subscribers can be the core of a community who move to other key assets and channels.
Insights for Busy Salespeople
Busy salespeople don’t have time to read a newsletter or possibly an email. This was the dilemma for the Medicare and Retirement division of United Health Group. They wanted to share tools and ideas with their sales agents during enrollment period.
Within the healthcare industry, communication is heavily regulated which means there are lots of things that they can’t do or say. Kendra Klemme, Associate Director of Communications, United Health Group, says everything has to be cleared through lawyers. So the question comes up, “How do we work within this system?” and still accomplish what we need to get done.
Once cleared by the lawyers, the communications team decided a podcast was the right route to take for communicating with sales, and production happened quite quickly. The focus of the podcast was on providing the sales team with information to help them improve their approach and results. The key was providing a method for getting the sellers excited to start fast out of the gate during enrollment period.
Early podcasts were produced to be anywhere between 10-15 minutes in length, making them easy to listen to for sales people in between their customer visits. From the initial podcasts that were done in 2015, UHG received positive feedback from sales leaders and agents, having reached 7K+ listens overall.
Moving forward for 2016, the plan is to produce two podcasts per month – one on highlights from the monthly eNewletter, lasting anywhere from 3-5 minutes and another longer one on areas of interest to their audience.
What UHG learned from producing podcasts:
- Continue to refine the topics
- Work to promote the podcasts in multiple ways
- Leverage the leadership
- Bring the sales agents into the mix and harness some of that information. Provide best practices.
- Look to create additional touchpoints.
- Move forward with a heavier focus on LinkedIn
Information for the Modern Farmer
If you grew up on a farm, you know that harvest season is CRAZY BUSY! Despite that fact, the Mosaic company wanted to talk to farmers during harvest about raising yields.
On today’s modern farms, you will find farmers checking social media and listening to all kinds of media while they bring in the crops. In order to capture that audience, they wanted to create a podcast around “A Prairie Home Companion” meets “Twin Peaks” meets “Serial”.
The result was “The Great Yield Mystery”, a 10 episode audio drama, which included a website, gamification, prizes and a trailer poster. And the result gave their existing audience something they could use.
The podcast had a longer tail than they expected and exceeded interaction goals by 379%.
A Taste of General Mills
Kevin Hunt, Social Media Manager, General Mills, and an experienced podcaster provided insights into “A Taste of General Mills”, a brand website for consumers. He shared that General Mills wanted to provide a deeper look into their brand through an interview style podcast hosted on the website and modeled after “This American Life”. (Clearly NPR is winning in the podcast idea segment!)
The first podcast produced featured the creator of Cheerios. Recorded during a commercial shoot, it provided a behind the scenes perspective. This was followed by podcasts covering their monster cereals, celebrating 50 years of the Pillsbury Dough Boy, focusing on a cookbook editor and interviewing people with cooking fails, and then celebrating the 150th anniversary of General Mills. In February of 2016, the podcast will be quite topical by focusing on Super Bowl appetizers.
Kevin emphasized the need to make a plan for setting-up interviews, recording, scripting, and promotion. Their posting strategy includes iTunes and SoundCloud for searchability. General Mills doesn’t make a separate show page for the podcasts, but instead includes it as a part of the blog.
Audience growth takes time, so promotion is key. General Mills creates special graphics for promoting on their social channels. They also email subscribers of the blog.
Does Podcasting Have a Place in Your Marketing Strategy?
Podcasting in both video and purely audio forms has become an increasingly popular digital marketing tactic. Before venturing out on a podcasting endeavor, consider the following:
- Would a podcast from your brand create value for your busy audience?
- How would it fit into your content mix?
- What format and length would be the best fit for your audience?
We’d love to hear your thoughts.
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