Loyalty 360: Know Your Consumers

Businesses have created loyalty programs and open channels of communication in an attempt to turn their consumers into brand advocates. But just like streamlining  communications or social media efforts, businesses would do well to consolidate their loyalty efforts as well. The consolidation of efforts will not only keep the brand consistent, it will help organizations to better understand their consumers’ behaviors and what they want.

Put simply, businesses should use all of their communication channels to listen to what their consumers are saying, gather and analyze all of that information, and tailor their loyalty programs to reflect what the data reveals about their consumers. An important key to success is ensuring that loyalty is easy for your consumer. If your consumer needs to work too hard to understand how your loyalty program works, you will likely end up losing the very loyalty the program was meant to build.

Your website, call center interactions, retail experiences and after-purchase communications all work toward your overall branding. Keep a close eye on all of your programs and make sure each part is working in concert with the others.

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Digital Influence

Altimeter’s report, “The Rise of Digital Influence,” does a great job of explaining what digital influence means for brands and how to leverage it. Included in the report are case studies of well-known brands that understand digital influence and how they  made it work for them. Though there are enough studies that have shown that influence is about more than just numbers, it isn’t difficult to feel some sense of satisfaction in seeing a large number of followers, perhaps, due in part to the fact that measuring the ROI of a particular campaign can be hard to decipher for most brands or companies trying to figure out how it all works. Influence has little to do with numbers.

So how does influence work? The report lays out three pillars of influence: Reach, Resonance and Relevance. If influence is a measure of social capital then reach, resonance and relevance make up the elements in influence.

 

 

To put it very simply, all digital influence strategies or campaigns must start with the end goal in mind. Below are Altimeter’s top-level metrics that can be used when developing your campaign.

Brand Lift/Awareness — Benchmark where the company is today in social networks, and set goals and KPIs to improve brand awareness and reach.
•    Brand Resonance — How often is your business discussed in the social web today? Define how resonance will keep your business top of mind and to what extent can be driven through influence programs.
•    Reach Through Advocacy and WOM — Existing advocacy and WOM initiatives can be designed to influence customer behavior and decisions.
•    Sales/Referrals — Through special offers and promotions or exclusive incentives for engagement, brands can drive leads, sales, and referrals.
•    Sentiment/Shift — Negative or indifferent perception can be shaped toward positive or favorable views.
•    Thought Leadership/Authority — Tapping into the communities of expert individuals can help your brand tap its social capital to contribute to the stature within the community you hope to earn.
•    Demand — Invest in demand creation through exclusive programs and intentional outcomes.
•    Trends — Changing behavior is possible once you understand what it is today, how you see it evolving, and identifying the right people and value to help you get there.
•    Audience — Investing in the size of your community and its quality is a function of design and purpose, and its value grows through strategic alignment and engagement.

There is no shortage of tools out there to help with the measurement of resonance, reach, and sentiment, to name a few, but with so much to choose from, it can be extremely confusing and daunting for any brand or individual to know what to use and why. Start with the end goal in mind and work from there.

Here is Altimeter’s report: http://www.slideshare.net/Altimeter/the-rise-of-digital-influence

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Mobile Intent

These days, you can’t talk about social media or marketing without mobile following close behind. It’s everyone’s go-to gadget, from games and finance to shopping and keeping in touch, and if you’ve ever unknowingly left your mobile device at home you understand just how inconvenient it can be. Call me dramatic but it’s a little like being stranded on an island.

The importance of being mobile-optimized, however, doesn’t mean that you jump on board without understanding some things first. First you need to figure out if it makes sense and why. Then you can work on user experience and how to execute that. Ask yourself: What problem does this solve?

So, why do we use our mobile phones so much?

  • It’s super convenient: While we can get easily frustrated when our laptop connection hangs even for just a second too long, it seems our patience and attention spans are even less forgiving when we’re on our mobile phones.
  • We need information NOW: We use our mobile phones because we need to do something right now and can’t or don’t want to wait until a later time when we can log on with our laptops. Maybe we need to find out where 1234 Broadway Ave is now because we are meeting someone there in 10 minutes or maybe we need to see what our account balance is in our checking account. The point is, mobile makes our lives a little easier and we’re taking advantage of it.
  • We want to socialize in real time: Everyone knows how pervasive social sites have become in the last several years. Part of the reason for its staying power is the fact that we can access social sites on-the-go. Imagine what Facebook would be like if we all waited to get home at the end of the day to update our social networks? Sure, there are tablets and laptops but I’d doing a lot less updating and game playing if I didn’t have my mobile phone.

So, what is the mobile phone NOT used for? According to a new study by Ruder Finn, mobile phones are definitely not used for creativity, learning or expression of feelings. The next time you decide that you want to go mobile, think about what it is you’re trying to accomplish.

 

 

In other words, we need to remember to look at the ‘intent’ behind mobile phone usage to get a better understanding of how to best utilize it.

 

 

Image: Ruder Finn Study

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The Evolution of Social and Mobile in 2012

 

The intersection of Social with Mobile is clearly something brands and companies are still trying to grapple with. While some have been pretty successful at figuring out how the two best intersect, there are many others that have yet to understand how to effectively integrate Social and Mobile into their business practices.

For 2012, here are some trends to keep in mind when crafting your strategies this year:

1. Tablets

First came the desktop and the laptop, then came mobile and now the increasingly ubiquitous tablet. Each platform’s uniqueness must be taken into consideration when designing any campaign, site or app. Desktops and laptops have mice and touchpads, mobile phones have little screen space and tablets are used with taps and finger swipes. And what about Flash? How your strategy accounts for the different experiences of each platform will determine the success or failure of your campaigns. Failure to intelligently solve these problems will no doubt affect your brand’s consumer loyalty and ultimately your bottom line.

2. New Social Networks

It isn’t easy to keep up with the latest trends and the next ‘it’ channels and platforms. You may not want to overload yourself with the integration of every single new kid on the block, however, the last year has seen the rollout of some very useful and clearly ‘here to stay’ tools. Take Pinterest. The moodboard-like site debuted last summer and it has done what predecessor Delicious failed to do. A bookmarking site, retailers have already seen the benefits of engagement with consumers just by adding a ‘Pin It’ button to their products. When something like this comes along, you want to make sure you’re not left behind.

3. Location-Based Marketing

LBM is not new, however, what most retailers have yet to perfect is the use of LBM to better target the consumer. Consumers have a finite number of hours that can be spent per day on social networks, retail and news sites and gaming platforms. What we are seeing is a need for brands and companies to find a way to maximize their efforts by targeting not only groups of consumers but groups of consumers at specific times and specific locations. Offering consumers a digital coupon or deal while they’re browsing your retail shop or in the immediate vicinity is much more effective than blasting them an offer when they’re miles away at home or work. Consumers would have to really want that deal to make the trek out to your place of business to claim that deal.

4. Mobile Commerce

We’ve already mentioned tablets but let’s face it. Mobile is different and cannot be underscored enough. Most retailers have not yet fully optimized their mobile sites. It’s one thing to simplify a site for quick viewing on a mobile device and yet an entirely different animal to develop and design a fully functioning mobile site with all the elements a consumer truly needs to comfortably begin and end their transaction of your product. We didn’t say it was easy but do it we must. This year will see many more consumers making the switch from a regular phone to a smartphone. Don’t let your brand suffer at the hands of a less than amazing mobile shopping experience.

5. Mobile Payments

Related to, but independent of, Mobile Commerce, Mobile Payments are gaining traction. The future will see more and more consumers paying for products through their mobile phones. Rumour has it that the next iPhone will have Near Field Communications (NFC) technology built-in which could pave the way for a surge in consumers utilizing their mobile phones to pay for their purchases. My guess is that if Apple rolls out NFC capability, they won’t have too much trouble convincing retailers that this is something they need. Will 2012 see NFC or similar technologies become commonplace amongst consumers? Right now, the industry is still evolving but I’m willing to bet that consumers, though they may be slow to adopt the technology, will embrace it’s convenience once someone figures out how to capitalize on this.

6. Personalized Recommendations

Brands are getting better at understanding who their consumers are and what they like based on their past purchase patterns. Helloooo social tagging and NFC. Likes, Pin its and Favourites help to narrow down a consumer’s preferences. Amazon does a great job of showing me that people who bought the book I just bought also liked or purchased titles X, Y and Z. Here is where NFC technology can help brands and businesses better target their consumer base, improve the consumer’s overall experience of their brand and ultimately encourage loyalty.

Image from: mostmetro.com

 

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SoLoMo in the Retail Industry

According to a study by the University of Colorado Boulder on mobile content, students consumed:

Less than three paragraphs of text

Less than 30 seconds of audio

Less than one minute of video

The market has yet to perfect mobile, social and local as it pertains to the retail industry. Clearly, consumers want something that is quick, easy and intelligent. What does that mean exactly? Speaking for myself, I know that I get annoyed if I am spending more than five seconds waiting for a page to load. I will also be less inclined to use any sort of app that requires too much effort to understand how to use it or exactly what for, unless it will change my life so much so, that I can say it has made my life that much better. I hate re-submitting information that I’ve already submitted, like my credit card information. Please remember that sometimes I may not want to leave my credit card information. I also want a retail app to remember what my measurements are and which items I like, even if I’m not planning to purchase them right now. Maybe when they go on sale, you can send me a quick email to let me know that something I like is going on sale for 50% off.

Is it any wonder that retailers are struggling with the integration of mobile, social and local into their sales efforts?

One thing to remember is that social has become part of the purchase process for consumers. Toyota created an app that not only features their full lineup of cars, trucks and SUVs, it allows consumers to price compare with their competitors. Toyota’s intelligently designed mobile app is a useful tool for consumers looking for a full suite of features to aid in the purchasing process.

Understanding what the consumer wants can be as easy as thinking about what kind of digital retail experience you are looking for. Why would you use this app and not that? What makes sense to you?

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