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Sunday, 14 March 2010

Are "learning styles" relevant to the marketing mix?

Bear with me here, as I have a theory that helps us to understand why there should always be a "mix" of marketing activity rather than focusing on just one method. That "one" method might work of course, but what could you be missing if you don't think about how different members of your target audience react to marketing media?

Children are now taught in school to recognise their 'learning style', usually based on a model proposed by Fleming. Here's a Wikipedia definition of learning styles but you do have to stick with it to get to the bit I'm talking about (you wouldn't believe how many learning styles there are out there). Anyway, Fleming's is based on three main ways in which we respond to stimuli:

  1. Visual (seeing, using pictures in your head)
  2. Auditory (listening, discussing)
  3. Kinaesthetic (doing, touching/feeling, practising)
That's a very simplistic description, but helps to make my point. If we learn that way, then we probably approach the rest of the world in a similar way. In actual fact, most of us use a mixture of learning styles but you usually mainly relate to one of them (I also learnt).

So, back to marketing, before I wander dangerously into an area I know little else about. If we're putting together a marketing plan then we want to reach as many of our identified target audience as possible. Online we have a number of brilliant ways now of doing this with internet marketing. We can use websites, advertising, blogging, social networking and video (visual) and podcast (auditory) as marketing tools, all of which help us to fulfill different preferences. And branding experts will tell you (read James Hammond, he talks an awful lot of sense on this subject) that engaging with the five different senses is key to developing a connection with your audience.

But we get a bit stuck online with the whole smell, taste, touch thing - so far anyway. Which means that in my view, there's often still a case for offline marketing so your customer can engage with you using a sense other than visual. When you think of how many visual messages we're bombarded with every day, it's no wonder some of us prefer something different. So back to flyers, "try before you buy", giveways and other tangible marketing activity to mop up those who didn't see us online. Ever wondered why so many "e-commerce" retailers who sell mainly online, still send out paper catalogues?

I know I'm a stickler for a tactile object or shiny piece of literature every time. I always thought I was a bit strange, but I'm happily reassured now that I just approach some things kinaesthetically. See - perfectly normal!


Karen McNulty
www.MarketingPlanWiz.co.uk

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Tuesday, 2 March 2010

Internet Marketing for B2B starting to pay back

One of the objections I'm met with when I talk to businesses about internet marketing is that it doesn't work for B2B (business to business). I think this is more perception than fact. The full range of social media doesn't get such good results for B2B as B2C (business to consumer), because they have been slower to adopt digital marketing.

If you target other businesses using just a couple of components of the internet marketing mix (notably email marketing and website development) you will get a return on investment, as your customers are now undoubtedly online.

Below is a survey taken in the United States just a couple of months ago, reproduced by emarketer.com:
And look how many of the businesses surveyed were planning on increasing their spend in 2010:


There are some brilliant examples of bold B2B online marketing, some of which I use regularly when training, such as Dell who have created their own Dell social network aimed at supporting business customers and have used Dell on Facebook to provide social media support to businesses:

"Based on our experience at Dell and conversations with customers, we created a series of “Social Media Guides” to help small and medium businesses effectively use these tools to grow and better serve customers." Says the Facebook Page.

This demonstrates some good lateral thinking, and how effective! They've now got nearly 38,000 fans to their Facebook page.

It might be tougher than marketing to consumers, but as with traditional marketing methods, digital marketing can be adapted for B2B marketing quite successfully.

Karen McNulty
www.MarketingPlanWiz.co.uk

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Friday, 15 January 2010

Ten Reasons to Put Together an Internet Marketing Plan

If you're one of the enlightened and know that a marketing plan is a good idea, it will come as no surprise that an Internet Marketing Plan is also worth doing, or at least a section on Internet Marketing in your overall plan. Taking this a step further, you can include a social media strategy as part of this.

Back to basics first. The main components of an Internet Marketing Plan are:
  • How you will use your website as a marketing tool
  • Distributing news and press releases online
  • Social networking (blogs, social networks such as Facebook, MySpace), YouTube, forums and wikis (such as Wikipedia).
  • Online advertising (pay per click, banners)
  • Email marketing
  • Viral marketing
  • Search engine optimisation
Even if you can't address all of these in one go, they should be on your radar for relevance. But knowing that these exist isn't enough - here are my top ten reasons to draft an Internet Marketing Plan:
  1. The UK market for email marketing platforms and services was worth £254million in 2008 and was predicted to grow by an estimate 15% to £292 million by the end of 2009, a trend which is continuing - they do this because it works.
  2. It's very low cost compared to traditional marketing in almost every case
  3. All content that you put out onto the internet will still be there next year and the year after and that means it will continued to be found by search engines. Not like a printed advert, here today and gone tomorrow.
  4. All Internet marketing is measurable and the stats don't lie. Use Google Analytics to see how much traffic came from your Facebook page or Twitter.
  5. Our customers buying behaviour has changed - they use the internet now to research, learn, review and make buying decisions.
  6. Google received 299 million search requests globally in just May 2009. In 2009 $58.1 billion was spent on online advertising across the world - that accounts for 13.2% of advertising spend worldwide. If you're going to use paid advertising doing it online is budget controlled, can be stopped at any moment - and very targeted.
  7. Your website is your shop window. Even if your customers don't buy from it they will check you out here first. If you do nothing else, this must be up-to-date otherwise your competitors may get the business - can you afford to take that risk?
  8. It's not just young people who use the Internet. Facebook's fastest growing demographic is people over 30.
  9. The more places you publish information and interact online, the more links there will be back to your website - part of your search engine optimisation!
  10. Your customers are there already: Of the 36.9 million UK Internet users in May 2009, 29.4 million visited at least one social networking website.
We know a good marketing plan tool if you're looking for a starting point...


Karen McNulty
www.MarketingPlanWiz.co.uk

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Thursday, 3 December 2009

Internet Tips from Doug Richards and More

I know it's nearly two weeks ago, but this is still fresh in my mind. Fay and I went to the Enterprise Nation Home Business Conference on 20th November and apart from meeting lots of like minded small businesses (with big plans to grow and good luck to us all), picked up some good marketing tips.

First of all, keynote speaker on sales and marketing Doug Richards, now running School for StartUps, couldn't emphasise enough:


  • Low cost and value for money marketing is good whether you're a small or large business
  • That means that using social media is a good idea for most of us. I would add to that, you still need to make time for it but most social networks are free to join and use and if you don't participate you miss out being seen if nothing else
  • Video, video and more video! It's so low cost and easy to use even a basic video camera and set up a free YouTube account. I'll add to that Google likes video (it owns YouTube), it adds interest to your website and being on YouTube gets you links to your website.
  • The other thing about video on social networks is that quality isn't as important as content. So if you've got something to say, why not try video - far more interesting than text? You can add video to Facebook, link to video on Twitter and embed it in your website.
You can find out more about Enterprise Nation on their website, and we're regular contributers to their blog posts we're pleased to say. Well, going on and on about marketing is something we're always happy to do...

Karen McNulty
www.MarketingPlanWiz.co.uk

Monday, 16 November 2009

Isn't Social Networking for Young People?

This is the question I get asked most often when talking to businesses about Internet Marketing and in particular using social networks to communicate with their target audience.

The thing is, it's easy to forget that the people you are targeting probably use these media to communicate. Many of us struggle with the concept of marketing via social networks because we don't use them ourselves. It's true - many adults with busy home lives, businesses or other work commitments, simply don't have time to log on to Facebook when they get home. For many very successful marketers even, checking out what's happening on Twitter when we get up in the morning is not the first thing on the list. I've certainly noticed that a lot of 35 - 50 year old professionals are struggling with this one.

But that's not a strong enough argument not to add them to your marketing toolkit or even your media list. If you're trying to reach consumers (B2C or the general public), then these days individuals are even using their social network of choice as their search engine too. They're here to stay and we must consider them when we're marketing.

But just look at the stats for UK usage of social networks, it seriously isn't just young people...

Even for business to business (B2B, or marketing your services to other businesses), they are increasingly relevant because the Search Engines are starting to introduce social networking results into their search results - Google and Bing have now both signed a deal with Twitter to inlcude real time Tweets in results related to search terms. This shouldn't come as a surprise, given that search engines want as much current, relevant content as they can to match search queries and satisfy searchers.

So how do you use social networks for your marketing? Well you can start by looking at a Facebook Business Page. Do you write a blog, have pictures about your products or services, even video? You can post all of these onto your page - take a look at how some of the well known players use them, such as Coca -Cola.

If you do have video (if not, can you make one?), then set up an account on YouTube - it's free! Once you get your head around the "openness" of using these media, it becomes an opportunity to engage with your customers as never before. But that's another blog I think.

Karen McNulty
www.MarketingPlanWiz.co.uk

Friday, 23 October 2009

Measurable Marketing is Easier Than You think

"Half the money I spend on advertising is wasted, the trouble is I don't know which half"

So said Jon Wanamaker, US department store merchant in the late 1800s. But you'll have heard many others quote this since, because advertising has been notoriously difficult to track, vexing even the best marketers for years. The reason for this is that data has been unreliable - even if you ask somebody where they heard about you, you're relying on them:

(a) Remembering
(b) Remembering it correctly

I recently put some thought to how much of our marketing can be measured now, so that you know what works and what doesn't. Having put together a good marketing plan, you need to know what got you the best results, ready for your next plan. If you do this with all of your marketing you should get better targeted marketing year on year and hopefully a better return on investment.

I came up with ten tips for measurable marketing activity in 2009:

  1. Pay per click advertising, either on search engines such as Google, or social networking websites - as you have access to instant statistics for every advert that you run, including number of "clicks" and even "conversions" to sales or other activities that your visitor undertook.
  2. Run a promotion or advertisement with a different telephone number then you know that all calls that come in on that number are related to that advertising campaign.
  3. Start a blog...you can track the number of visitors to your website from the blog
  4. Send a direct mail-shot and track it with a unique reference number or promotional code.
  5. Tweet (Twitter) or join another public social network such as setting up a Facebook business page or LinkedIn public page. You can track referrals to your website and "mentions" of your business name or product.
  6. Email marketing - find out how many people opened your email and what they did next.
  7. Telemarketing - track every phone call, gather market intelligence and feedback
  8. YouTube - are you an expert? Post a video on YouTube and track page views
  9. Free online giveaway - collect email addresses to receive your free download/gift and count them!
  10. Editorial - getting some press coverage either on or offline can be tracked with cuttings (offline) and equated to the equivalent advertising cost, or tracked online with Google Alerts.
I could go on... You can find some more good tips from Goris.com and some interesting info from Business Link about online marketing including the fact that it is so measurable. Meanwhile I'm pleased that as a marketer I can finally produce evidence and be more accountable for my clients. That's how it should be.

Karen McNulty
www.MarketingPlanWiz.co.uk

Monday, 12 October 2009

Pay per Click Targeting Makes Advertising More Attractive

I've been researching pay per click advertising models in more depth recently as I help some of my clients to understand how it works and when to use it. Up until a few months ago, Google Adwords was becoming widely adopted by marketers for pay per click advertising (the sponsored results you see on the right hand page of Google's search results). Many of us thought this was enough as in The UK Google has around 80% share of the search market.

Other search engines have always offered it but suddenly their targeting has improved and with the advent of pay per click advertising in social networks such as Facebook we're getting more switched onto a more strategic "mix" of online advertising spend rather than giving it all to Google.
  • Yahoo not so long ago added improved targeting options for advertisers which meant that instead of just search terms we could narrow by location and other demographic criteria. You can read more in this practical e-commerce blogpost about Yahoo advertising.
  • Facebook pay per click uses incredibly powerful profiling (using information provided by Facebook members when they sign up) which means that your advert will appear to members grouped by not only location but age and other preferences.
  • LinkedIn pay per click advertising also uses demographic profiles and now a range of options for LinkedIn advertising payment methods
It's only a matter of time before the likes of Twitter do the same, we're sure. The point is, I used to spend a lot of time talking clients out of spending - no sorry - wasting money on advertising. Today for many businesses it is a highly effective marketing medium and with statistical tracking as standard the results speak for themselves. I'm now in favour of more targeted online advertising, it certainly makes us more accountable as we can't argue with the stats.

Karen McNulty
www.MarketingPlanWiz.co.uk

 


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