The Marketing Scoop
We aim at bridging the gap between the student community, faculty and the real marketing world by creating a platform to enlighten the marketing minds.
Sunday, January 11, 2015
3 Steps to better Understand your Customers' Content Needs in 2015
According to the Content Marketing Institute at least 58% of the
businesses have set aside a higher budget for the content marketing and
research for the new year 2015. Now their aim is to get to know their customers
better to get an adequate return on that budget.
Why must we get to know our customers better than we did in
2014? The most basic difference between content marketing and traditional
advertising is an acute focus on our customers’ needs. Obviously, we have to
find an overlap between our customers’ needs and our business goals. But
content marketing doesn’t work if we don’t deeply empathize with our customers.
Talk To Customers
Big data, for better or for worse, is not a substitute for
actually asking your customers questions about their research process and
informational needs.
The questions used to
frame the conversation include:
• What caused you to look for a solution?
• What did you want to change?
• Where did you go to look for information?
• How do you prefer to consume information?
• Who else helped to evaluate the choice?
• What pushback did you get?
• What did you need to build the business case?
• Why did you choose us?
• When it comes to the opportunities to improve your business
function, what are you most excited about?
• What aspects of your passions and interests overlap with your
occupation?
The final two questions are quite important to
understanding your customers at a truly human level.
Validate & Tweak With Web
Analytics
For this purpose we use Advanced Segments in Google Analytics.
It allows you to define groups of website visitors based on the following
criteria:
• Demographics. Segmentation by
age, gender, language and location.
• Technology. Segmentation
by operating system, browser, and device.
• Behavior. Segmentation
by how often a user visits a site and how they interact with the site.
• Traffic Sources. Segmentation
by referral sites and campaigns.
For each of my persona groups, we use the Advanced Segment
Reports to answer the following questions:
• Do they actually behave differently than they suggested in
the interviews?
• What else do they want that was not revealed in the interviews?
• What do they suggest is an important informational need in an
interview, but clearly does not lead to a purchase based on web activity?
The combination of persona interviews and web analytics reports
should arm you with a better understanding of that overlap between your
customers’ needs and your business goals. You may think we are done and ready
to spend the increased budget we garnered, but alas we’re not done.
Craft A Customer Empathy Map
Based on the previous two exercises, we have identified the what
customers want and how they generally behave. What we have not yet identified
is how they feel.
David Gray, founder of XPLANE, developed a template for an
empathy map to fill in the blanks to this sentence: Our users need a better
way to ___ because ___.
The questions that asked are
The questions that asked are
- How do customers think about their fears and hopes?
- What do they hear when other people use your product?
- What do they see when they use your product? What is the environment?
- What do they say or feel when using your product, whether in private or public?
- What are their pain points when using your product?
- Is this a positive or a painful experience for them?
- What does a typical day look like in their world?
- Do they hear positive feedback about your company from external sources?
- What do they hope to gain from using your product?
- Has your customer repeated quotes or defining words?
These are the questions you pose to your internal stakeholders
and lead to the conclusions you post in the grid.
We should recognize that our customers are more than web
visitors. They are more than their social media posts. They are people with
aspirations, fears, challenges and opportunities. We need a combination of
qualitative research, quantitative research and group brainstorms to empathize
with our customers at a deep level.
We hope this helps you in planning your business’s content
marketing.
Fin J
5 Myths about Social Media Marketing
Consumers have now moved into the digital space, yet they still
crave the attention of corporations they admire. Unfortunately, many brands are
still getting stuck on social media, failing to effectively utilize this channel.
Social media is
constantly changing, so myths are constantly spreading. It’s important to go
through some of these myths and figure out where they are following
the wrong path.
Myth #1: Consumers
Aren’t Reading Your Social Posts
Contrary to popular arguments, not only does your
social content get read, it also has the ability to influence purchasing
decisions. In fact, HubSpot concluded that in 2011, “67 percent
of B2C companies and 41 percent of B2B companies have acquired a customer
through Facebook.”
However, it’s important to remember that your reach on Facebook
is determined by a number of factors, one of which is fan
engagement with your content.
Text-only status updates tend to perform poorly compared to images and
links; so,
make sure to consider that when creating your social strategy. Well-respected
corporations like Proctor & Gamble offer contests and engaging photography
send out coupons weekly and anoint very specific employees
to be their brand ambassadors.
Remember, though, Facebook isn’t the end-all-be-all of social
networks. No matter what the social network, consumers will read any text,
video, image, contest or coupon you publish.
Myth #2: Too Much
Content Will Reveal Trade Secrets To Competitors
Having thirty pages of content doesn’t make you a bookbinder. The
more transparency you maintain with your customer the more trust they have in
you, followed by loyalty and increased sales.
Failing to leverage social media will reveal some
weaknesses to your competitors, though — like your company’s inability to
provide knowledge and remain current within your industry.
Myth #3: Social Media
Cannot Heal Reputation Wound
Just as important social media is, it is important to also keep
a check on the posts, which get posted relating to your institute. Also,
Ignoring website feedback could produce bad social karma. Receiving that
indignant Ripoff Report can destroy your reputation in search results.
Professionals know how difficult it is to rebuild a tarnished
reputation; avoid this nightmare by implementing an aggressive social media
strategy from the very beginning.
Ensure that your social page administrators are empowered to
mitigate each problem quickly, individually and thoroughly. As you develop a
strong rapport with your customers via social channels, egregious racketeering
sites like Ripoff Report will lose credibility.
Myth #4: Social
Successes Should Be Gauged Solely By Social Interactions
The numbers of social interactions you get out of a campaign are
a KPI, but ultimate success should be measured by sales opportunities or
revenue. Interactions may enhance the likelihood of increasing sales
opportunities; but, if you don’t close any of those leads, the campaign is a
failure, regardless of how many interactions were generated. Marketing exists
to drive sales.
Joseph Knoop, a Pinterest celebrity with over
3.8 million followers, is a living testimony that Pinterest isn’t just for
creative types and stay-at-home moms, but for businesses, as well. For eg: many
businesses have their pages on pinterest. The more their articles or pins get
pinned or liked, the business becomes more popular and thus the sales increase.
Myth #5: Social Media
Marketing Costs Nothing
Though major social platforms such as Facebook, Twitter,
Pinterest and YouTube are all free to use, hidden costs always exist when
implementing a social media marketing campaign. These costs might include
spending hours developing a social strategy, creating content assets, posting
updates, and responding to customers. An effective social media campaign is
much more than one of us simply posting a random blog or FB post when we had
time.
To create an active and engaging social media
promotion,
you need someone who prioritizes and implements the plan, manages the
messaging, and monitors the mediums for customer feedback.
Additionally, paid social campaigns should not be discounted —
these are very effective for increasing brand awareness and gaining new
followers outside of your existing customer base.
So,
I now hope you got to know many new things and surely the myths are broken. See
our other posts also. J
Saturday, January 10, 2015
Marketing In Indian Aviation
The whole marketing of aviation industry depends on
two phases- making promises, keeping promises. The airlines has to focus both
on the ground level service as well as the In-flight services. A distinguish in
price even promotes and markets your airline .
Premium Pricing- Use a high
price where there is a uniqueness about the service.
Cheap value pricing-This
approach is used where external factors such as recession or increased
competition force companies to provide ‘value’ products and services to retain sales.
A new concept called Aviationmarketing has evolved
over past few years where big firms are hired to market the airlines. These
people are experienced in this particular field. They provide a full range of
strategic and creative marketing services focused on aviation, aerospace and
travel to help a company soar.
Their hands-on approach to marketing manages every
phase of the company's program from initial concept to full implementation.
With Aviation Marketing Consulting, the airline can focus on running business
while they manage the day-to-day details of running an effective marketing
program that will generate leads and have sales soaring.
Talking about Indigo airlines in particular, it is the
leader today in the domestic aviation industry.
Indigo Airlines is one of the cheapest domestic airlines
in India which is owned by InterGlobe Enterprises and Mr. Rakesh Gangwal
The core product of Indigo airlines is of course Air
travel. The traveling is mostly for passengers but the cargo line of Indigo
airlines is growing fast as well. Indigo airlines, being the country’s largest
low-cost carrier offers one of the best airline services in the country. For
the past three years, Indigo has managed to create profit whereas its
competition has been making loses. This has largely been due to the fact that the
airline increased its capacity and efficiency in its services while containing
costs. As a way of increasing capacity, new flights have been introduced in
order to get more passengers.
For instance, while the total airline capacity in
India reduced by 4%, Indigo managed to increase its capacity by unprecedented
39%. Another strategy that Indigo applied is deft route planning such that it
increased the number of aircrafts per route instead of only increasing the
number of routes. The low-cost model strategy, purchasing only one type of
aircraft and keeping the operational costs as low as possible coupled with an
emphasis on punctuality are the main reasons for its success even when the
airline industry in India was going through its rough.
No airline has worked harder at capturing the
local market better than IndiGo Airlines. The airline relies on its cost and
availability to promote its brand across the market. This investments in
advertisements are low because it affects the cost. However, Indigo did come
out with a few TVC’s of its own as well as does good advertising online. The
airline has adopted a strategy of connecting flights to other destinations from
one destination such that customers will not have to book another airline to
arrive to their destination. For instance, it has connected four flights from
Ranchi to Delhi, Mumbai, Patna and Bangalore and plans are underway for it to
add Kolkata and Raipur.Sunday, December 14, 2014
Fair and Lovely Foundation- How and Why?
What is fair and lovely foundation?
Fair
& Lovely Scholarship Foundation is an HUL (Hindustan Unilever Limited) initiative
that aims to empower the women of India through education and career
development before their marriage, which has been successful since 2003, the
year it was first started. The Fair & Lovely Foundation Scholarship helps
academically brilliant girls from the lowest economic strata of the society
fulfill their dreams of higher education. These young achievers are supported
with course fees, accommodation, local travel, books and stationary costs,
depending upon their needs. The scholarship is renewed every year on the basis
of the performance of the student. Also, it covers money capital, which is
helping aspiring women entrepreneurs start their own business.
The
recent advertisement, which was launched to promote the foundation for the year
2014, explains about girls looking for a well-settled groom. Instead, making
the girl independent is the main target area of this initiative. The foundation
identifies academically exceptional girls from financially challenged
backgrounds and offers scholarships up to Rs. one lakh per candidate. Deserving
candidates are selected through a screening-and-interview process. Panels at
the Fair & Lovely Foundation shortlisting phase includes noted
professionals from various fields, who carefully interview these girls across
five centers: Mumbai, Chennai, Kolkata, Hyderabad and Lucknow. Their level of
need and desire to excel is taken into account to select the final list of
awardees.
The foundation provides resources in education and business to
millions of women who use or support Fair & Lovely. Efforts have included:
• HUL sponsored
career fairs in over 20 cities across India
• Counseling in over
110 careers
• Supported 100 rural
scholarships for women students
• Created a
professional course for aspiring beauticians
·
Created a three-month Home Healthcare Nursing Assistant course
open to women from ages 18-30 years
Honoring women across India that have achieved greatness and set
good examples for others to follow.
Why did HUL come up with it?
The foundation was basically a strategy to come out of the
bad public image which fair and lovely had created for itself. Here’s how:
Until CavinKare’s fairever entered the market in 1999, Fair
& Lovely held a 90% market share for the product. Fairever gained an
impressive 15% market share since it began being sold in India, causing HUL to
respond with increase advertising efforts.
HUL instituted a huge campaign with a series of
ads that were centered around “the fairer girl gets the guy” theme. And various
other marketing theme where a girl’s beauty and fortune was shown to be based
on how fair she is. CavinKare counteracted these ads by taking a dig at HUL’s
strategy. They showed ads that encouraged women to be successful regardless of
their complexion, but rather more self-confident after using Fairever. The two
opposite approaches in advertising put HLL and Fair & Lovely in a bad
position to the public and press. The All India Women’s Democratic Association
(AIDWA) filed a complaint in March and April 2002 with HUL. The Ministry of
Information ruled that the campaign violated the Cable and Television Network
Act of 1995, which strives to ensure no ads promote discrimination on the basis
of gender, race, creed, color, caste or nationality.
As a result of the backlash against HUL’s Fair & Lovely
campaign, the company discontinued the ads in March 2003. Shortly after it
pulled the ads off the air, HUL launched a new charitable cause called the Fair
& Lovely Foundation, which vowed to “encourage economic empowerment of
women across India.”
Its impact:
Fair
& Lovely Foundation since inception in 2003; has played an integral role in
changing the lives of more than 1500 girls, giving them wings to achieve their
dreams by empowering them through education and career development. Through
these scholarships, Fair & Lovely opens doors of hope for girls across the
country to pursue their dreams. One of the 2012 scholarship winners, Sajneeben
whose father cuts and polishes precious gems has to support a family of five on
his meager earnings. While her mother, a housewife tries her best to give her
children the best of all worlds but the family income is insufficient to
support their three children. Sajnee who is studying hard to pursue her studies
in her chosen field of Bachelor of Ayurveda, Medicine and Surgery says, “With
the scholarship amount that I’ve received from the Fair & Lovely
Foundation, I’m confident that I’ll be able to overcome my financial challenges
and build a great career”. other 225 girls like Sajnee were awarded with the scholarship in the year 2013.
This also improved their brand image, showing fair and
lovely in a good light in the society. Even now, fair and lovely occupies a
major share in the market of fairness creams, nearly 53%.
Conclusion:
Fair and lovely did the mistake, which cost them a
fortune. The orthodox nature of Indians,
and hence by showing the fair and dark comparison the audiences were easy to
attract. This even though increased their sales also led to a huge negativity,
which resurfaced the minds of Indians. Though the thinking has changed now,
there still are many families, which do prefer a fairer bride or daughter or
wife than a woman with a darker skin tone. The companies should never forget
the impact it has on the society and should be very careful about its
actions. Also, a company before entering
a market should do a complete research about the culture, religions, how things
work out to be, etc. it helps a lot in knowing which are the target consumers
and also what are the means in which this could be possible. Though fair and
lovely was successful in knowing how it could increase its sale, the way was
not ethical. So, even that’s a challenge. But you have to accept challenges and
find a way out of it, even if a mistake; just like how fair and lovely did. ;)
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