Mad 4 Blog





Posts Tagged ‘products’



Sep
13
2010
0

Creating Baseline Audience Profiles

Monday, September 13th, 2010

So, we’ve already discussed a few reasons and ways to monitor audience responsiveness. But once you’ve got yourself set up in that regard, there’s a more advanced step that you should implement. And that’s creating a customer profile (or set of profiles) by which to base your next campaign strategies. This is just one way to analyze and then apply the information that you’re collecting in an organized and practical way.

 

This step comes into play once enough data is collected to start drawing parallels and noticing trend-based patterns (perhaps six months to one year after you start). What you’ll want to do is come up with one baseline model–or preferably, a few model types–based on how customers/clients/audiences are buying and using your products or services. Depending on your business and how divisions fall among those who interact with it, you can create very generic models–such as female/male–or create entire baseline characters, such as the buyer who is under 30 years of age but married with a household income of more than $100,000. Or individuals who shop before 5pm. Or some other kind of category that is unique to your business and exhibited in repeat behaviors.

 

This will also depend on what kind of information you can derive from the types of marketing you’re monitoring and analyzing. Using as many stats and demographics as you have access to can lead to more tedious but more beneficial profiling overall. Tracking should also take into account the beginning, middle and late stages of each model type’s interaction with your brand. You definitely want to acknowledge ways that behaviors change with time and figure out why. Then you can incorporate how you’d like to ideally see relationships develop–based on realistic, data-backed prospects.

 

For example, you may infer three main shopper types: A, B, C. If you’re noticing that the Type A persona is a mother who shops during workdays and often browses the kids’ wares, you may wish to add more products along these lines or incentives for those with families—such as a Back to School Sale running Monday-Friday. Type Bs may typically shop 45 minutes and spend $150 per visit. You may wish to set goals to bring up their spending to an average of $200 per visit or entice them to stay longer to explore more merchandise. However, you’ll need an entirely separate set of advertising agenda for Type C, which are quick-shopping nighttime male shoppers. Naturally, seeking ways for these targeted, goal-oriented marketing tactics to overlap is the best possible strategy for time and cost efficiency.The bottom line is to acknowledge that not all customers or behaviors are the same. Setting targeted goals and watching targeted groups over time can drastically improve business—as opposed to investing in very broad campaigns by assuming that your audience can be defined by one set of standards. By that same vein, you also won’t want to exclude potential new customers by basing decisions on how old ones acted, or by how one niche group acts. To keep from becoming stagnant, it’s vital to implement continued monitoring. Then you’ll want to compare expected results to the ways your profile-based marketing campaigns actually take hold with each model group. That way you can modify models and their respective campaigns until you discover what works best.

 

 



May
17
2010
0

The Art of Marketing to Women

Monday, May 17th, 2010

Women are responsible for 85% of buying power. In fact, American women spend about seven trillion dollars per year. So if you think you do not need to dedicate time and money to address women in particular with your products and services, then you might as well be throwing money out the window.

Mad 4 Marketing can put those dollars to better use by devising advertising tactics specifically geared toward women. As a woman-owned and women-run marketing agency with an eye on the trends of gendered buying, we believe we know a thing or two about marketing to women. Here are just a few helpful tips:

Market to Women in a Modern World

One commonly made mistake is when companies assume that marketing to women means separating them according to attributes that were outdated about a century ago. Obviously, women are not black-and-white cookie-cutters of one another—and they should never be pandered to as stereotypes. Remember, women aren’t all mothers and housewives. Even though they make purchasing decisions for men and children, they have their own unique standards and don’t want to be addressed as conduits to the men and children in their lives. In fact, treating all women like Susie Homemaker can actually dissuade a female audience from working with your business. Women don’t just want kitchen appliances and pink products and handsome male models. When you market to modern women, you have to keep in mind relevant, recent analytics about what women are responding to in advertising and how they think about their purchasing power. Relying on research rather than creating a caricature of your female audience is essential.

Think About How to Market to Women – Not What

There is no need to market different products to men than to women. Assuming that a woman wants a silver minivan while men want a blue sports car means that you are alienating large segments of the population. Instead, marketing must simply speak in a certain way to its intended audience. The fact is that women communicate differently than men. Within creative, women want to see organization; for example, they are more likely to buy from a website that is easy to use than their male counterparts, who may linger longer on a less-organized site. Women also like strong, appealing visual design and are more affected by aesthetics than men, who may zero in on the product specs. Contrarily, women like to know about value rather than attributes. Most importantly, women want to build a relationship with your brand. Creating an ongoing bond—such as through membership or rewards for return business—may encourage the female buyer.

Since its inception in 1992, Mad 4 Marketing has focused on keeping the female perspective in mind, and we consider ourselves experts in marketing to women. The company devotes ongoing energy and resources to understanding how women think about buying and investing. Contact Mad 4 Marketing to learn how our insight about marketing to women can help your business grow like MAD.



Feb
22
2010
0

Using Viral Marketing to Promote Your Website

Monday, February 22nd, 2010

Your website may serve as a full-service e-commerce interface through which you sell products and services. Or it may simply be a place where people can learn more about your business. Either way, viral marketing can help you increase website traffic––and therefore brand awareness and sales––at a very low cost, with minimal effort.

What is Viral Marketing?
The phrase ‘viral marketing’ refers to almost any means of using word-of-mouth campaigning to pass along your message. Typically, marketers target individuals or groups who are likely to pass along or share a given campaign message. For example, a funny YouTube video is likely to be shared with friends and it is easily forwarded to colleagues; therefore, putting your business message in this format and getting it out to people who are likely to share it with others can create a big buzz for your brand with little effort. In many cases, key message sharers may even be given incentive for their efforts. Many contests which are hosted online offer extra entries or added prizes for fellow bloggers or website owners who use their own forum to promote the contest.

How Can Viral Marketing Promote My Website?
By making your website the centerpiece of your viral marketing campaign, all of your advertising efforts will have one single call to action: visit us online. Although it can be coupled with other media to really strengthen your campaign, online viral marketing is key for websites because viewers of your message will be able to click straight through to your web address once they’ve interacted with your ad. Once your audience is at your website, they can further engage with your brand or even complete transactions.

The best part is that even non-conversion visits can help you strengthen your website’s presence, because increased traffic to your page and more interaction with it will make it rank higher organically in a search engine, such as Google. When your rank rises, your website will be even easier to search and locate for people who are specifically interested in what you have to offer. This begins a cycle of increased traffic begetting increased traffic, which will ultimately impact your website’s success. Because such little cost is needed in the first place to initiate a viral marketing campaign (compared to other online marketing tactics such as a pay-per-click campaign) it’s easy to achieve high ROI.

What Comes Next?

Viral marketing campaigns may occur organically. Sometimes a website becomes an overnight sensation with very little work on the part of its owners. But that’s not something you can rely on when planning to put your business online. One of the best things about viral marketing is the fact that it’s completely accessible to everyone, and you don’t even need a ton of insider information to kick off your campaign. All you need to do is create an easy-to-use website, and then utilize social media tools that you probably already know, such as business-relevant discussion forums and Facebook.

However, to ensure that your efforts have a huge effect, you may want to consider a professional viral marketing team. These experts can help you come up with the unique creative needed for this kind of campaign to launch. Viral marketers are also familiar with a myriad of potential vantage points from which to target and approach your audience, to keep your message moving. This team of professionals can not only determine where your efforts will have the biggest impact, but they can also help you collect and analyze the results of your campaign. By tracking responsiveness and user data, you can sharpen and hone your viral marketing strategies. This will enable you to build even stronger platforms in the future.

Curious to learn more about viral marketing? Ask Mad 4 Marketing how we can help you create a buzz about your business without breaking the bank.