Study: Web-traffic boosts in-store sales

In a recent study the research companies comScore, Accenture and dunnhumbyUSA found some significant relevance between in-store sales and a company’s web presence. The study was based on a panel of CPG customers and one million U.S. Internet users who have given comScore explicit permission to have their online activities continuously measured and matched to their in-store brand buying behavior provided by dunnhumbyUSA.

The report comes to the conclusion that consumers who visit a website prior to their shopping experience in a company store spend 34% more with that company and 57% more on products or services based on their specific industry sector. It also states that visitors of brand websites are frequent buyers of the brand in retail stores. It shows that 42% more of these clients finish their transactions than non-visitors. Furthermore, website visitors are also heavier buyers in a brand’s product category. They are spending 53% more in their category dollars than non-visitors.

“Since website visitors have higher affinity to the brand and the overall product category, there is an opportunity for brand marketers to drive loyalty through personalizing the website experience, catering to the preferences of their best customers.”John LaRocca, Vice President, Strategic Partnerships, dunnhumbyUSA

And again another study highlights the importance of content marketing as the new emerging trend in marketing. Shoppers were more aggressive in their approach to understand and evaluate their purchases prior to their visit in shops as a result of the massive information access through the web. According to the research, content marketing plays a significant role here. So, campaigns on the web not only add value to web shopping but also -and for some companies and brands more importantly- will help to drive and boost in-store habits and sales – apart from positioning a brand’s capability.

“Marketers who create compelling (brand) website experiences for consumers are extremely effective in driving incremental and profitable in-store sales. Analysis shows that consumers visiting the best of the 10 CPG brand websites evaluated in the research study, spent over 200% more on the brand than non-visitors.” Jerry Lohse, Senior Director, Accenture Interactive

Based on the fact that Brafton reported some weeks ago that the average consumer visits more than 10 web pages before a purchase decision, this study marks an important point in the relevance between online and offline shopping. This might be catalyzed by the new opportunities that smartphones, tablets or Augmented Reality (see real-life community shopping) offer, and shows the straight relationship between the two shopping experiences which more and more merge to one close shopping cycle.

Spot On!
More companies are realizing that offering web shoppers the same information and service as in-stores will lead to more purchase at both ends of the shopping cycle: online and at offline locations. The challenge for companies is to differentiate the shopping experience by using SoLoMo (social – local – mobile). Here the question for the future will remain whether in-store shopping needs to become more of a lifestyle experience or adventure to attract more consumers to join in-store activity (see IKEA Sleepover), or wether people will want to have real people around them and thus make it a social reality world, rather than a social web world…

The Social Media Rockstars – Community Managers (Report 2012)

Being a community manager in a company or a community center is the most popular position people can have in these Social Media times. Not only is this the person in charge of the engagement cycle of all Social Media topics but moreover that they become the main public touchpoint of the Social Media conversation of the brand or company, and thus their reputation becomes one of a kind of a rockstar…

Still, many brands and companies still hand over the Social Media responsibility to junior level people or trainees who then have to engage and manage their online communities. Would you say this is clever, or wouldn’t it be better to hand over the responsibility to a chief culture officer or an experienced market brain?

Socialfresh published an infographic and report data that illustrates the work, the tasks and capabilities that a community managers need to be able to cover. And these are some of the findings they provide.

Community Managers..
… commit most of their time with content, respectively online conversations
… 67% come from a brand side vs. 33% form an agency side
… are far more females than male (65% vs. 35%)
… have an average age of 30 years, however the 31-40 year olds make most money
… see more success on Facebook (52%) than any other platform
- gets an average salary of almost 62.000 USD

Ok, the salary is not rockstar-like but their chance to become one of the top 50 Social Media influencers is a sweet potential outlook…

Community Shopping on the street – NET-A-PORTER.COM’s Window Shop

Augmented Reality shopping is definitely a new trend these days. NET-A-PORTER have launched their Augmented Reality Shopping Windows in different capitals around the world like Sidney, Munich, London, Paris and New York.

The following video demo comes from late last year’s Fashion Night Out celebrations in London and New York. It will be rolled out globally now for the new Karl by Karl Lagerfeld collection. Consumers need to download the NET-A-PORTER iPhone/iPad app, then visit the stores and can use the Augmented Reality like a new shopping experience.

When pointing the iPad camera at the window, this will publish 360 degree product models doing their best on a video catwalk. It also displays product information, the clothes price and obviously the ability to purchase immediately.

Isn’t this a cool idea to offer a 24/7 shopping life? These doors are always open in the future. Well, ok their online shop as well but it is a different kind of shopping experience right…? Community shopping on the street…

THX for sharing!

The Social Google: Google Search and Google+ unite

Google revolutionized the internet, the way we interact, we use our brains and thus, somehow it changed the world. And now they will do it for the second time… with “Search, plus Your World”. This new search engine technology does not only bring us information from across the web. It proclaims to make search even better better by including photos, posts, and “more from you and your friends”.

With an all new algorithm for their search they have changed their search strategy. Today, people are searching not only for content. Today people also want to find personal and private information and touchpoints. The normal result is one which we have all expected for a long time since Google+ launched: Google+ will be integrated in Google search which will definitely affect the power of Google against their hardest social competitor Facebook.

Google’s new “Search, plus Your World” integrates also personal data like personal content, pictures or videos from Google+. Here is their new promotion video…

On the official Google blog Amit Singhal explains how the new Google search works with an experience of his past.

“As a child, my favorite fruit was Chikoo, which is exceptionally sweet and tasty. A few years back when getting a family dog, we decided to name our sweet little puppy after my favorite fruit. Over the years we have privately shared many pictures of Chikoo (our dog) with our family. To me, the query [chikoo] means two very sweet and different things, and today’s improvements give me the magical experience of finding both the Chikoos I love, right in the results page.”

Google’s first step to integrate Social Search results gets now followed by the integration of Google+ which becomes a massive hub to “socially unite” all of their own products and services. The new search offers three main benefits…

1. Personal Results, which enable you to find information just for you, such as Google+ photos and posts—both your own and those shared specifically with you, that only you will be able to see on your results page;
2. Profiles in Search, both in autocomplete and results, which enable you to immediately find people you’re close to or might be interested in following; and,
3. People and Pages, which help you find people profiles and Google+ pages related to a specific topic or area of interest, and enable you to follow them with just a few clicks. Because behind most every query is a community.

Spot On!
However, this might sound as if Google makes us more transparent, users have the opportunity to select whether they want the new Google search algorith, or not. This gives users the ability to see either the good old search results or the brand new private search results. People just need to use the little buttons…

…or they will simply change it in the account settings. And Google extends the Google+ circles idea to their search: Every single result in the private search mode gets marked whether it is private, public or limited entry. Somehow a clever filter, don’t you think…?

Social Business: 84% of businesses have not fully integrated Social Media in their operations

This report comes as no surprise to me as it justifies our Community Centric Strategy model. The study from InSites Consulting states that only 16% of businesses using Social Media have fully integrated Social Media platforms into their businesses operations. Nevertheless, business leaders believe better social integration will help improve and streamline their business operations. Their hope is that Social Media marketing and internal social apps will boost productivity of their business.

The study concludes that 27% of business executives are on the move to integrate Social Business in 2012. Moreover, another 20% are wishing that the integration of Social Media projects will increase business efficiency. As there are no reliable or established measurement and metrics standards most companies are still waiting to invest big budgets. Still, as competition is high companies start integrating social into their business to be competitive in their market.

The results of the inSites study show that most companies (69%) will invest in Social Media marketing and launch campaigns in 2012 hoping to improve online conversations and their web efforts. For now 64% of businesses have at least one person responsible for Social Media activities and platforms. With a reason: One-third are sure that Social Media is changing their operations.

Spot On!
The challenge for companies will be to set up the right Social Business strategy as it involves the right understanding of community centers as an external strategy issue. And it needs an appropriate internal company culture with social policies, social training and social commitment and the people. Apart from that, 45% of the respondents said that they cannot find the people for their Social Media efforts. The best option is to start investing in the people you have to integrate social in your business. The Community Centric Strategy could be one starting point…

2012: Think Social Business, live Community Centric Strategy

2011 was a great year for Social Business!

Social Business got the right attention and awareness. And those companies which thought that “social trend” might go away, found themselves in business meetings, workshops, seminars, webinars with me, or conferences where people gave me the honor to be the moderator. After all, the feedback was such that I can definitely summarize the 2011 Social Business success with the opening statement.

What happened in terms of Social Business in 2011 and what is the outlook for web marketers in 2012…?

Well, first of all companies spend more time and resources understanding the challenge Social Media and Social Networking from a business perspective. We got the proof that European bosses don’t have to be persuaded to see the benefits of Twitter, that Social Media is a big internal topic, and that Social Business is critical to future business success.

ROI aspects are still key for Social Business performance. Nevertheless CMO’s were often lacking the right plan even for their Social Media efforts – and often CEO’s doubt their business credibility.

Job offerings spread around Europe, although sometimes clients asked me whether the offering is correct from a capabilities point of view. Often these openings were meant to be Social Business, in terms of a team-orientated or community-centric positions, but ended up being a “one-man-show-responsibility”: the Social Media Manager – although we all know about the importance of a multi-layer framework to set up a proper Social Media strategy.

From a client perspective companies were still very much in the broadcast or advertising mode. And the perception gap could easily be made out. Although communities were their targets, and many companies and brands tried their best to generate engagement around their business, many of them were still in an advertising scenario and mindset, instead of trying to think about change management in terms of culture and people.

Ultimately, companies have a massive opportunity in 2012 to change their perspective and become Social Business driven with the right teams…
- Teams that work with customer market intelligence.
- Teams that scale the business with social commitment.
- Teams that crave content for leadership and insights.
- Teams that understand business touchpoints in new context.
- Teams that leverage synergies between companies and brands with an appropriate plan.

And these teams don’t work internal or external. These teams group together cross-channel through Community Centric Strategy by understanding the 5C’s as the engines of Social Business: Competition – Commitment – Content – Context – Collaboration.

Finally, Google+ started listing brand pages in organic search results. One of my successful posts from November appears in the first page of the organic search results (see picture last entry).

Status updates will become a game changer in the social ecosystem and boost brand awareness. If companies and brand are blogging they should consider this in their SEM/SEO and keyword strategy when posting your topics on Google+. Marketers should consider this and watch out if this should not affect Facebook and Twitter marketing activities. Maybe it is time to invest more in content marketing…

Spot On!
All roads might lead to Rom – not many to lead to a Social Business. Companies that will work with the Community Centric Strategy in 2012 can close the perception gap between consumer and customers on their journey to companies. Social Business is about people and culture. The 5C’s of the Community Centric Strategy is a new way to Rom… but it will leave the “customer chariot” at home.

Study: Crowdsourcing proves benefits for enterprises

Crowdsourcing has been one of the main topics, we are talking about in our seminars and webinars as community experts these days. It’s definition and capabilities is perfectly described in the following video showing an MIT presentation (and with Evly you can start your own crowdsourcing project quite quickly)…

So, crowdsourcing is based on the right group of people, gathering around a topic of interest, a product or a brand. They are the extension of a company out in the market, working with the brand in terms of identification and differentiation which I have nailed down in my Community Centric Strategy model.

These people are working on company problems or tasks, and they contribute with relevant business input and ideas. Especially in the IT, telecoms and web industry crowdsourcing has been around for quite a while as this mass collaboration helped them catalyze their business exposure and feedback.

Today, I came across a study by the Everest Group called “Every Crowd Has a Silver Lining”. It finds crowdsourcing has got a fair business reason. It is experiencing some well-needed cost advantages which is leaving BPO behind. The study states that companies are utilizing crowdsourcing for as much as 50% of their product-related projects (like design, engineering, marketing, packaging, research, technology and testing).

“We are witnessing a second fundamental inflection point for crowdsourcing where large corporations in a post-recession era are increasingly using global professional crowdsourcing services in new application areas, often as a cost-effective alternative to traditional BPO. (…) Our study finds that crowdsourcing utilization has evolved from small- to medium-sized businesses to an increasingly accepted business practice for large corporations. As cost advantages are progressively augmented by greater accountability, quality assurance and timeliness assurances, the ‘on-demand’ talent model will continue to gain a greater foothold.” Sarthak Brahma, Practice Director, Pricing Assurance, Everest Group

Spot On!
Well, I do not know whether you have to base findings on the global recession basis to make it a powerful message. Or whether this is just the pure modern nature of many consumer which enterprise need to be aware (“crowdsourcing on demand”) of and make the best out of it. However, it is a fact that companies shift their task solving process from ‘job-based’ hiring to ‘task-based’ resource management. Crowdsourcing might be a great way to enable this shift in business process management. It definitely offers companies more flexibility in terms of budgeting. More heads come to different solutions, get trained quicker, find supervisors outside the enterprise, aggregate thinking and re-new the point of view for a brand decision or a product development.

TV & Online: Convergence or Collision?

In the digital tech space, we’re already seeing radical changes in television as it begins to converge more and more with the online world. Think about the massive transformation that TV has already gone through – starting with the humble video recorder to the range of connected satellite / cables boxes and gaming consoles – fundamental changes that TV is now more or less just a monitor. Not so very long ago, TV used to be considered the “lean back” medium and digital as “lean forward.” But, this no longer seems to apply as we increasingly use multiple connected devices to watch TV content and that large screen in the home is often hijacked by our game-playing teenagers. So, what’s going on? Is TV having an identity crisis or are we finally at a point of convergence or collision?

MediaMind recently held its annual Digital Experience Day (DED) 2011, a global summit series held in North America, Europe and Asia, that brought together leading industry leaders and experts to explore the consumer changes that are happening now. We explored the interactive and social experience that TV now provides. TV no longer offers a passive, social experience where one has to huddle around the same set and fight for the remote control. In fact, traditional ways of viewing television are now competing with the plethora of tablet devices on the market that keeps viewers entertained and occupied from just about anywhere they choose. But it’s not just about replacing the larger screen with smaller ones, we are increasingly bonded around quality content – from TV shows to interactive games – and utilizing Social Networks to fulfill those real-time experiences and discussions between multiple viewers scattered across numerous living spaces.

Recent research from Nielsen shows that the average US home with a cable subscription receives 130 channels and yet tunes in to only 18 channels. That means 86% of these channels are never watched, suggesting that channel surfing is dead; challenging costly cable subscription models. And yet, of the $500 billion in global advertising, TV advertising still takes the lion’s share. By 2015, it’s expected that 50% of Internet users will watch TV content through online connections.

But that’s not to say TV as we know it is dead; quite the opposite. TV has a quality and scale that digital has yet to achieve. We will always need linear video content, but we just won’t need to consume it in the same way that we used to. We are now in the beginning stages of the marriage between online and offline. And for this to work out successfully, TV planners need to understand how digital works and vice versa. We are already seeing agencies using an iGRP to buy reach across media channels to maximize cost-efficiencies. These agencies are hoping to have completely integrated media buying teams within 18 months.

It’s both a convergence and a collision. On one side, we have a chance to reset our thinking and talk about enhancing the branding mechanism by overlaying interactive experiences via a mobile device and measure TV content through real-time social discussions such as comments on Facebook and/or Twitter. Yet the danger is as we seek to measure TV in the way we do online, it runs the risk of squeezing TV advertising budgets to the likes of online DR forced to justify spend via call to action. There are interesting times ahead for the whole media community and it certainly was the hot topic of debate at DED as we debated through the challenges of moving towards app-driven Smart TVs.

This guest post was written by Dean Donaldson, Global Director of Media Innovation, MediaMind. Dean and I often meet at different international conferences and events to chat about the future of the web world. You can read my view on the DED2011 in the post The multiscreen world is evolving.

Tags: Brand, Budget, Change, Community, Content, Facebook, Future, Marke, Media, Mobile, Networks, Research, Search, Share, Social Networks, Twitter, User, Video, Vision

Pay a Blogger Day – How to reward a blogger’s work?

24.11.2011 von Martin Meyer-Gossner  
Kategorie English Content, Social Media

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Have you ever paid a blogger? Paid for your content love? I mean not for writing some good PR for your business. Just for them being bloggers, sharing valueble content, thoughts, ideas, and providing new food for thought. In some days you can do that. The “Pay a Blogger Day” is here to come. Some thoughts that came to my mind with it…

Some months ago, Flattr started their outreach program to bloggers. And some months ago, they were on their way to revolutionize the monetization of blogs. Those days, the Flattr button went live on my blog, and in every post. I rewarded blog posts, and got some rewards. Just the way Flattr works. They had the idea for the “Pay a Blogger Day”.

On Flattr Cents pass from bloggers to bloggers to… Well. Companies never paid anything. They have the biggest budget pockets though. And I asked myself if bloggers want companies to engage in the monetization process, or if reputation is of higher value for them. And why should companies pay a blogger for something they produce for free. Still trying to figure that out…

Some blog posts generated some Cents immediately through Flattr, never enough for some nice ice-cream in a week though. Somehow the activity to “donate” for a well-written piece of thought or idea felt like an act of charity. Some Cents felt like a pat on the shoulder. Sometimes, I discussed with bloggers if that is encouraging, or frustrating? Every blogger argued differently about this gesture. Many were not convinced. I have seen not many buttons on blogs since.

And often when I wanted to spend some Cents, those bloggers did not use Flattr. So, my reward for them often ended in a Retweet. Maybe Retweets are the killer of positive blog comments…

The main problem many bloggers saw in Flattr was that it will be challenging to get attention for this payment theory outside the bloggosphere. Sounded like: “Bloggers will pay themselves and thus reward their work within an inner circle of the blogging community.” One of the reasons why I finally decided to remove the button from my blog.

Now, Flattr starts -in cooperation with Bambuser, Twingly and Posterous- the “Pay a Blogger Day!” on November, 29th. They intend to start a movement with the mission “Give something back to bloggers!” A good idea…

How to reward a blogger’s work?
If I may inspire you -companies, marketers and managers- with reward opportunities for bloggers, then maybe you want to read this…

a) Companies that have used shared knowledge to improve their business could write a reference quote for the blogger why and how they benefit from reading a blog. It could be a comment, tweet or a blog post on their blog. Just be creative…!

b) Managers that have used shared knowledge for their career purposes could send a present when they think the blogger has deserved it (does not need to be on the “Pay a blogger day!”). A flower (digital or real), a freebie of your products or an invite to a paid for workshop about corporate blogging. And hey, chances are high, bloggers might write about it. Just be clever…!

c) Marketers that have used shared knowledge for their campaign ideas could start thinking about whether they shovel money into a print grave, rely on TV reach or hope for radio commercial payback. Maybe they want to start sponsor a blogger who is worth it as they act like brandvangelist, testimonial or brand advocate for a brand or company. And why are not many marketers trying to make use of bloggers in the offline world? Just be curious…!

d) Followers, fans, “plusers” and bloggers that have used shared knowledge could start discussing the monetization of their work in an authentic collaborative manner. Do you want banners ads, text links, affiliate programs, brand advocate prgrams, or…? What is authentic blog monetization? Or is it reputation only? In short: money, products or reputation currency like Floout.me?

Here is how Flattr wants to inspire you to reward a blogger…

Think about the thoughts and then start acting! I am sure, bloggers know how to say “Thank you” and all bloggers would love to see some of these rewarding opportunities. Right…?

Tags: Ads, Blogger, Brand, Brandvangelist, Budget, Campaign, Community, Content, Corporate Blog, Flattr, Food, Future, Listen, Manager, Marke, Marketing, Media, Monetization, Print, Rating, Share, User

Innovation study: Is culture or strategy the key to success?

07.11.2011 von Martin Meyer-Gossner  
Kategorie English Content, Featured Stories, Web Strategy

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Obviously, the headline question is not easy to answer. Both elements have their impact on business success. At this years IBM JamCamp, we could hear many presentations why “culture eats strategy for breakfast”, and how to turn your business into a social business (i.e. Sandy Carter’s speech) that will drive innovation to new dimensions (and here is some hint how companies might get huge investments for social business realization).

A new study by Booz & Company also shows that spending more on R&D won’t drive results. The results from the study illustrate that the most crucial factors are strategic alignment and a culture that supports innovation. The study surveyed almost 600 innovation leaders in companies around the world, large and small, in every major industry sector.

So what makes a truly innovative company? For sure, a focused innovation strategy, a compelling business strategy, deep customer insight, intelligent networking, as well as a splendid set of bright tactics. These are all elements that help giving your company an innovation boost. Still, the study states that corporate culture ties everything together — the organization’s self-sustaining patterns of behaving, feeling, thinking, and believing.

Still, the results of this year’s Global Innovation 1000 study make clear that only about half of all companies say their corporate culture robustly supports their innovation strategy. Moreover, about the same proportion say their innovation strategy is inadequately aligned with their overall corporate strategy. And although entire industries, such as pharmaceuticals, continue to devote relatively large shares of their resources to innovation, the results are much less successful than they and their stakeholders might hope for.

What I like about this study is that it supports my assumptions and thoughts of the Community Centric Strategy model. Across the board respondents identified “superior product performance” and “superior product quality” as their top strategic goals. And their two most important cultural attributes were “strong identification with the consumer/customer experience” and a “passion/pride in products”.

Statements like the following from the study could be taken as a proof for the future development towards a more cultural business attitude that puts the consumer in the middle of your innovation efforts…

“Our goal is to include the voice of the customer at the basic research level and throughout the product development cycle, to enable our technical people to actually see how their technologies work in various market conditions.” Fred Palensky, Executive Vice President of R&D and CTO, 3M Company

In my presentation at the IBM JamCamp 2011 I made clear that companies and brands need to close the perception gap between consumer’s demand and company goals. If companies don’t respect the 5 C engines of the Community Centric Strategy these two expectations cannot be aligned. We will continue to talk of target-groups instead of consumers that are grouping together in “community centers”. This is more of a cultural development companies need to go through than definable strategic capabillities by companies to drive innovations. By closing both the strategic alignment and culture gaps, companies and brands will better realize their goals and attributes.

Spot On!
The study results show that companies and brands should rethink the way they drive their innovation strategy. It suggests that the ways R&D managers and corporate decision makers think about their new products and services are critical for success. This includes all aspects how they feel about intangibles such as risk, creativity, openness, and collaboration. When nearly 20% of companies said they didn’t have a well-defined innovation strategy at all, it offers the chance to start anew and with the right approach. The Community Centric Strategy might be one solution for companies to evaluate culture as one of the main drivers to achieve your strategic goals in a modern way of doing business.

Tags: Brand, business strategy, Community, Community Centric Strategy, Future, Manager, Marke, Research, Search, Share, Study, Survey

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