A variety of business information to help add insight. Hopefully you find a nugget or two that add value to your marketing. Check out our website at www.duplicatesink.com and www.marketsmartprogram.com
Duplicates INK - marketSMART LINKS
Tuesday, June 30, 2015
What Captain Kirk Teaches Us About Business
"Genius doesn't work on an assembly line basis... You can't simply say, 'Today I will be brilliant.'"
When starting out or working your way up in business, you must acknowledge that you don't know everything there is to know about your industry. You're not going to wake up one morning with the experience to be an industry leader. Instead, you must be willing to study and learn as you go.
"You either believe in yourself or you don't."
Running a business is never a sure thing. Chances are when you start your own company you'll find yourself facing skepticism from many different people. If you want to be successful, however, you have to believe in yourself. You must be honest about the faith you have in yourself. If you truly think you can do this, then develop your business plan and prepare to jump in feet first.
"There's another way to survive -- mutual trust and help."
Building a business is not a single-handed endeavor. If you want your business to thrive -- and not just survive -- you must be willing to trust those running the business with you. When starting out, make sure your first hires are trustworthy people who share your vision. Choose candidates you know you can trust completely to have the good of the company at heart.
"Sometimes a feeling is all we humans have to go on."
Sure, predicting the right moment to launch a company or introduce a new product or service involves studying trends, but it also requires a finely tuned intuition. Sometimes, all you have to go on in business is a gut feeling. If you have reasons to support those instincts, don't be afraid to listen to them.
"If I can have honesty, it's easier to overlook mistakes."
This quote speaks to the importance of transparency in everything a business does. No business leader is perfect. Sometimes you'll make mistakes. You'll make the wrong call. When you're transparent with your employees about what happened, they'll be far more likely to continue to trust you and your judgement.
"A captain of a ship, no matter his rank, must follow the book."
Even if you're the founder and CEO, you don't want to place yourself in a separate category than everyone else at your company. Sure, it might be easier to circumvent particular processes or rules, but when you do so, everyone notices. People naturally struggle to feel connected to and loyal to leaders who play by different rules than the ones they set for everyone below them. Show your employees you're all on the same team by following the same rules. The result will be far greater coherence within your team.
Building and successfully running a company can be a challenge for anyone. Those who enjoy the character of Captain Kirk, however, will find a considerable amount of wisdom about how to be successful in the quotes from the captain and from the actor, William Shatner. Consider some of the wisdom above and see how you can apply it to your own company. If you're interested in improving your marketing efforts, contact us today. We'd be happy to help you get started.
Tuesday, June 23, 2015
Monet and Picasso: There's Room for You, Too
For the rest of us, trying to keep track of all the names and theories behind great art can feel a bit overwhelming. While all of us can appreciate the work that goes into the creation of a beautiful painting, trying to analyze the different styles can be a challenge. For outsiders looking in at the art world, it can feel as though the industry is completely saturated. There are so many different styles and forms that it can seem impossible for any new ideas to be developed. Yet somehow, each generation manages to come up with unique art ideas that resonate with different people.
The significance of Monet and Picasso
If you asked most people to list some well-known artists, most would list off famous names like Monet and Picasso. What's interesting, though, is that these artists are immensely different from each other. They painted different subjects, lived in different countries and political situations, and their art was vastly different. The similarities might be easier to describe than the differences, with it largely boiling down to: they were both famous and talented artists.
If you have talent, the industry will make room.
Monet and Picasso approached art from different perspectives. They each expressed what they knew in different ways. Monet took a more traditional route, creating beautiful paintings that closely resembled the objects and scenes that were being depicted. Picasso, on the other hand, took liberties with shapes, colors, and designs to capture the emotion and motivations behind the scene being shown.
Both, however, demonstrated incredible talent. Regardless of a personâs individual taste, it's impossible to overlook the abilities of each of these artists. That's what has allowed them to rise to the top of the art world. They're famous enough that even those who don't spend vacations touring art museums recognize their names.
The inspiration for business professionals
Like Picasso and Monet, when you have the talent, an industry will make room for you. These artists are often regarded as leaders within their respective styles, meaning they often took untraveled paths in their quest to reach the top. Their names are remembered because of the paths they forged and the beauty they created.
If you're talented in your industry and have the skills needed to show genuine expertise, you can also find your place within your market. No industry or market is so crowded it can't make room for you. To reach this desired summit, you need to prepare.
- Know what makes you different.
- Determine how you can translate your proposition for customers.
Friday, June 19, 2015
The Power of Personalization
Despite the many benefits of print marketing as a medium, many people still seem to miss one of its most powerful and most natural tools: personalization. When you take a look at just how effective personalization can be, you'll be shocked you weren't embracing it in the past.
Personalization: By the Numbers
In 2012, the industry organization InfoTrends conducted a study on marketing communication. It revealed several interesting facts, all of which are important to know when planning your next marketing campaign. The good news is that print marketing is alive and well, even in an era where everyone carries a smartphone or other type of mobile device with them at all times.
The better news is that marketing materials featuring high levels of personalization yield a dramatically higher ROI over ones sent out in a uniform or more generic manner.
The InfoTrends survey covered more than 1,000 businesses in 10 industries. Nearly two thirds used personalization or segmentation techniques to increase response and conversion rates. One of the respondents who used personalized print materials exclusively experienced a response rate of around 6% and a conversion rate of over 16%. Compare this with the average 2% response rate more generic materials generate, and the power of personalization becomes abundantly clear.
Things get even more impressive when you combine personalization with other best practices of modern marketing, like combining print and digital to reach a wider audience. For example, the respondents who utilized print and e-mail materials with high levels of personalization reported a response rate of 7.6% and a conversion rate of over 18%.
Why Personalization Matters
When you personalize your marketing materials, you're taking that extra step to show your target audience how much you really care about them. Instead of addressing a direct mail brochure with the generic and calculated "Dear Sir or Madame," you can take advantage of the basic technique of including their name -- which, keep in mind, is information you already have if you're sending them something in the mail.
Believe it or not, this does go a long way. It instantly creates a much more organic connection with the person reading your materials and subconsciously separates your mailer from others that may not be personalized at all.
Personalized print marketing is also inherently more impressive than personalized digital materials of the same variety. Everyone has a computer, and they know how quickly you can change an e-mail to include a name. Changing a print mailer, however, takes a little more thought and effort (though not as much as you'd think). Your effort will definitely be appreciated by the recipient.
Not only is print marketing alive and well, but one of its most powerful assets is something many businesses aren't even using. Personalizing your print materials will go a long way toward creating a more meaningful and long-lasting connection with your target audience and increasing your ROI.
Tuesday, June 16, 2015
Learning to Dream Again
Children dream uninhibitedly. They dream about things the rest of us find unobtainable. Too often, we think about all the obstacles in our way and allow our minds to entertain the "what ifs," rather than the "why nots." As we mature, our goals need to be more realistic for our skills and abilities, but that doesn't mean we have to stop reaching for the stars.
We need to remember our childhood innocence when it comes to our dreams. It's the only way we'll ever accomplish all the things we're truly capable of achieving.
As Gloria Steinem says, "Without leaps of imagination, or dreaming, we lose the excitement of possibilities. Dreaming, after all, is a form of planning."
No one ever made it to the top of their industry by limiting themselves on what they were capable of accomplishing. Instead, you need to imagine the heights your business might be able to reach if you allow yourself to really dream big.
Of course, as a professional, your dreaming must take a slightly more predictable path. You must not only have the end goal in mind, but you must also be able to determine what you need to do to reach the desired end result.
Identify what you'd like to accomplish professionally
These goals can look vastly different. If you're a small business owner, you might have a desired income you'd like to see from your business, or perhaps you want to have enough income to open another branch in a neighboring city. If you work for a company, maybe you want to reach the c-suite or gain the experience you need to start your own company. This is where you should be inspired by the dreams of those in the under age five crowd. Allow your mind to imagine where you'd like to be in 5, 10, or 20 years.
Outline a path you need to take to accomplish this goal
Once you know where you want to go, it's time to outline the steps needed to get there. This includes setting small and incremental goals throughout your journey. If you want to reach a new position within your company, consider what type of education and experience you'll need to obtain along the way. If you've started a business, learn about better business practices to bring in new customers and encourage them to stay. For example, set:
- goals for identifying and appealing to your ideal customer audience
- goals for improving the business website
- goals for improving customer experience
- goals for using inbound marketing and new digital marketing
- goals for integrating digital marketing with traditional marketing practices
The path to success requires thinking outside the box and being willing to dream big. Children are excellent examples for us to think about what we might actually be capable of accomplishing if we don't get overwhelmed by the potential obstacles. Too often we limit ourselves unnecessarily. Take a lesson from the smallest members of society and learn how to dream unfettered. If you're interested in starting a new marketing campaign to help your business reach its goals, reach out to us today. We'd be happy to help you get started.
Friday, June 12, 2015
Integrating Social Media and Print: Leveraging the Best of Both Worlds to Your Advantage
At the same time, you certainly don't want to neglect your print campaign. It's still one of the most effective marketing weapons in your arsenal and always will be. So how do you ensure you're paying equal attention to both print and social media?
The answer is simple: integrate social media into your print campaign and leverage the benefits both have to offer.
Grab Attention and Refuse to Let it Go
In today's crowded marketplace, the goal of any campaign is to grab the attention of prospective customers. You aren't just trying to sell a product or service -- you're trying to quickly show why your product or service is leaps and bounds ahead of the rest.
Integrating social media elements into your print campaigns is one of the best ways to accomplish that. It allows you to get your message in front of more people in the places they're most comfortable holding that conversation.
For an example of this concept in action, consider the hashtag. People use hashtags for everything from highlighting key words and phrases in a post to finding trends, joining ongoing conversations, and adding a definitive statement at the end of a sentence. By including a hashtag at the end of your print mailer, you're giving your customers multiple options regarding how they can join the conversation and communicate with your brand. If they'd like to continue to learn more about your product or service via the hashtag, they can always do so. If not, they can continue their exposure by way of the print materials the same way they always have.
In essence, you're giving them choices, which is one of the best ways to grab their attention and refuse to let it go.
Integrating social media and print is also a great, easy way to track the success of a particular campaign over a long-term basis. Consider putting a unique hashtag on the end of each print piece you mail. If messages with that hashtag are then retweeted 200,000 times on Twitter, you know your message is being received loud and clear and that your target audience is more than willing to continue the conversation online.
Digital and print marketing don't have to be independent of one another. Anyone who tells you it's a "one or the other" proposition is wrong. Print and digital are both great at accomplishing their own things, or even the same things in different ways. By integrating social media and print together, you're combining the benefits of both platforms into one environment and are truly creating a "best of both worlds" scenario.
Tuesday, June 9, 2015
Hopping Aboard the Bandwagon
An excellent example in the world of public opinion can be found in the Oxford Journals, dating back to 1977. This experiment used two groups of questionnaires to study participants. Each contained the same four questions, but one set of questions was accompanied by recent public poll results regarding answers to the question. The study found that those in blue collar trades seemed to react negatively in opinion and response rate to the addition of the polls, while white collar workers reacted positively in both of these areas.
The findings of this study have been cited numerous times and have been used as a foundation for subsequent studies on the notion of the bandwagon effect. A study as recent as 2013 sought to determine how influential the bandwagon effect is on voting. The study, published in the Journal of Psychology, found that the opinions and votes of participants were similarly impacted by the behavior of others.
Why do we care so much about what others say and think?
We all want to feel as though we're part of a group. Put yourself back in high school for a second. You walk into school, put your backpack in your locker, and likely begin to search for your friends. Whether a jock, a bookworm, or a rocker, everyone had their own clique. Even the 'outsiders' seemed to have their own group of like-minded people. As people, we enjoy feeling as though we're part of a greater society.
Our desire to be part of a group impacts everything from our shopping behavior to the social media platforms we join and the content we seek. It explains why that latest cat meme went viral and why various fads seem to arise and disappear overnight.
It can also be a powerful tool for marketers. When you harness the power of the bandwagon effect, you can create the recipe for a successful marketing plan or product launch.
Take social media, for example. These digital platforms are excellent for your customers to let their friends know they like your brand. People are more likely to be attracted to and follow brands their friends follow because of the bandwagon effect. When companies advertise who follows them on social media, it works to create a strong social media community where people regularly converse and engage with the brand. It can also help to encourage others to like the brand.
Similarly, people are far more inclined to try new products if they see others buying them. If you're running a sale, for example, indicating the percentage of your product that has been bought, particularly as the numbers get higher, can actually help drive new people to make a purchase.
As scientists have been telling us for decades, the bandwagon effect can be a powerful motivator for people interested in making a purchasing decision. Keep the power of groups in mind as you design your next marketing campaign and see how you can leverage this power yourself. Contact us today to get your new marketing campaign started.
Tuesday, June 2, 2015
Predictive Analytics: One of the Keys to Direct Mail Marketing Success in 2015 and Beyond
What Are Predictive Analytics?
At their core, predictive analytics leverage statistics, data mining, and similar techniques to create a prediction about future behaviors. The idea is to take the past behavior of your target audience and use it to make educated guesses about future activities.
The concept is used in Internet advertising on a daily basis. Have you ever wondered why you suddenly see advertisements for home audio and video equipment or Blu-ray movies right after you purchase a high-definition television set online? It's a combination of programmatic advertising and predictive analytics at play. Marketers know that based on your purchase, there are certain types of accessories you can definitely use.
If you just bought an HDTV, it goes without saying that you could probably use some shiny new Blu-rays to play on it. By targeting you with advertisements based on that information, businesses know they have a much better chance of making a sale than if they randomly targeted 10,000 people, many of whom might not have an HDTV at all.
Many businesses don't realize this same idea can also play a very important role in how their direct mail marketing campaigns are conducted.
How Do Predictive Analytics Help in Direct Mail Marketing?
The major benefit predictive analytics brings to the world of direct mail marketing is one of precision. You no longer have to spend time and money each month to send mailers out to all 3,500 people who live in a particular ZIP code. The fact you were sending out materials to many people who ultimately had no interest in your products or services was always just an accepted "cost of doing business," but that doesn't have to be the case any longer.
Thanks to predictive analytics, you now have a better chance of targeting the RIGHT people within a particular ZIP code based on their past interests and behaviors. Instead of sending out 3,500 mailers and achieving a 20% conversion rate, you can save time and money by only sending out 1,000 mailers while achieving an 80% success rate at the same time. It's about giving you a much smarter way to spend your marketing dollars. It's also about empowering you to stretch your marketing campaign's strength even further.
In direct mail marketing, success doesn't mean spending as much money as possible. Instead, true success and market penetration are achieved by spending every dollar the right way. Whether you have $10 to spend or $10,000,000, that theory will always hold true. By making excellent use of advancements like predictive analytics, you can make sure your important materials are actually getting in front of people who find them valuable. This will go a long way toward increasing not only the efficiency of your campaign, but also its general return on investment.
Subscribe to: Posts (Atom)