Showing posts with label digital marketing. Show all posts
Showing posts with label digital marketing. Show all posts

Are QR Codes ready for primetime?

According to a recent article in Biz Report, "a survey conducted by research firm Russell Herder found that over half of repeat QR Code scanners only 'sometimes' feel they have received something of value for their efforts."

The article adds that when asked if they felt scanning a QR code was worthwhile, consumers responded:

• Always 3%
• Usually 28%
• Sometimes 52%
• Rarely 15%
• Never 2%

These findings don't necessarily indicate that QR codes don't work.  They only highlight that some businesses are using them effectively while others are not.  Even though QR codes are being used successfully in Europe, the technology is still new to retailers in the U.S.  So, much like other forms of digital marketing, there is going to be a learning curve.  Retailers just need to learn where the benefit threshold is for scanners, while showing patience as adoption of the technology attempts to takes root. 

We have experimented with QR codes at Goodwill of Greater Washington (GGW).  We post flyers in our stores with QR codes linking back to GGW's Foursquare site where users receive an exclusive discount.  It's a faster way of accessing the Foursquare offer without having to log onto the site through traditional channels.  While the scans have been limited so far, it doesn't cost us anything and provides an additional opportunity for customers to benefit from shopping at Goodwill.

We also recently added a QR code to a targeted direct mail piece that was delivered to several thousand college students living on the campus of a university near one of our new stores.  The DM piece offered a substantial discount, and if the student scanned the QR code, the discount increased by 10%.  The campaign dropped the first day of the fall semester to a technologically savvy crowd.  We expected a high redemption rate.  Instead it was negligable. 

We have some theories as to why the effort wasn't effective, and we'll adapt the next time we use QR codes in a similar campaign.

We've not given up on QR codes yet since there is no cost as we experiment and learn, but we understand that initial results are not going to be as strong as we had originally hoped, even with a tech savvy audience looking for bargains.

I think the key words when experimenting with QR codes are, "patience", "understanding" and "value".  Be patient with the ROI, and be sure to understand your audience while maximizing the expected value.

*The opinions shared on this blog are solely those of its author and do not necessarily reflect the opinions of Goodwill of Greater Washington or its affiliates.

Will mobile shopping become as big as online shopping?

A recent article by Sarah Kessler, compares mobile shopping today to the early stages of internet shopping back in the '90s; and I think she has hit the nail on the head.

I am extremely excited about the prospects mobile shopping presents. 

Much like internet shopping 15 years ago, mobile shopping is only now beginning to take root.  As Kessler points out in her article, smartphone penetration in the US (in 2009) was just 17%, but sales are soaring!  According to mobilemarketingwatch, in 2010 mobile ad impressions in iPhone shopping apps grew by 249%.

We live in a world of value and convenience.  The easier you can make it for the consumer to purchase from you, the more likely you are to generate a sale.  Consumer focused social media and group discount platforms are on the rise.  Consider Foursquare, Places, Yelp, Groupon, LivingSocial, Wow, etc. 

Whether your goal is prospecting or loyal customer cultivation, your business needs to recognize that consumers are going mobile with greater and greater frequency.  But much like social media cultivation, don't anticipate that a smartphone user will begin immediately purchasing from you just because you've built a mobile portal.  They may first use the site for research and price comparisons, discount offers, brick & mortar street addresses, or Q & A.  However, if their initial "courting" experience is a good one, they'll feel more comfortable making a purchase from you when the time is right. 

Remember, regardless of why they are engaging your business; the simple act of doing so is an indication that the consumer is interested in developing a relationship that could lead to customer conversion.  Then it's up to you provide a positive mobile experience and guide them along the customer lifecycle.

Don't make the mistake with mobile shopping that many businesses made during the dawn of internet shopping by dismissing it as a fad.  Be very aware of the important role mobile communication plays in the lives of consumers worldwide. 

I'm not advocating for jumping on the bandwagon without doing your due diligence; but I am advocating for doing your due diligence.

Yes, Social Media is the Future, but Here are 10 Reasons Why Traditional Media Still Rules…For Now

10. Terrestrial radio is still a powerful tool for reaching a highly targeted local (or national) audience

9. Television is still the primary entertainment and news medium of choice for baby boomers and gen-Xers

8. Celebrities will provide endorsements through traditional media, but few, if any, will utilize social media to promote a product or service

7. Print media coupon distribution is a great support channel for targeted radio or TV buys and a preferred coupon distribution channel for baby boomers

6. Prices for traditional broadcast media are much more competitive today than they have been in years (However, print is still overpriced)

5. Most TV and radio stations will still write and produce your spots for you at little to no additional cost

4. Direct mail is still a very cost effective medium for geo-targeted, call-to-action marketing campaigns and for measuring coupon redemption

3. While intrusive (unless you have Tivo), broadcast media advertising still reaches large numbers of consumers and continues to be impactful

2. You can still leverage the use of social media through your traditional media buys, enhancing your reach, frequency and ability to engage and activate your target market

1. You should never put all of your marketing “eggs” in one basket. Social media can generate powerful and measurable results, but in most instances should still be integrated into a broader multi-channel approach that includes and is often led by traditional media

I didn't realize that audience targeting was such a new strategy for marketers. Did you?

According to an August 2nd article on bizreport.com by Kristina Knight, large numbers of marketers have begun targeting audiences online using what I've always thought to be pretty traditional methods - demographic, geographic and lifestyle segmentation.

The article states, "According to the AudienceScience report 80% of marketers are now using behavioral targeting techniques, 76% target by geographic location and 75% use demographic information to target. Most marketers believe behavioral and demographic targeting are their best options, but what is most interesting is that publishers are now seemingly in agreement with advertisers. More than 70% of publishers surveyed for the report said they were using some form of audience targeting to better engage consumers, to sell ad inventory at higher rates and to deliver better campaign performance."

I'm actually quite surprised that this appears to be news.  Any marketer who isn't already properly segmenting and targeting their audiences, probably shouldn't be in the marketing field.  Most good marketers and product development teams have been doing this for years.  Granted, online marketing is still a relatively young channel and new systems of identifying and segmenting audiences are being developed every day; but I would have been surprised if the percentage of marketers using methods to target audiences online were any lower than 75%-80%.  I would love to know who the 20%-25% of marketers are who are not yet doing this, so that I can give their supervisors the names of some good marketers I know who are looking for work.

The article goes on to state, "One thing both advertisers and publishers agreed upon? That there needs to be more transparency and measurability within targeting moving forward."  On this I wholeheartedly agree.

We recently ran some ads on Facebook for a new retail store opening.  They were very well targeted based on a comprehensive segmentation strategy.  The metrics we viewed indicated a very high number of impressions, and a strong click through rate.  However, the metrics neither indicated that those who actually viewed the ads matched the profile we had created, nor provided any verification on the accuracy of the figures.  Traffic has been excellent, and empirical data indicates that the ads, at least in part, reached the right audience, but one can't rely solely on observed data to calculate ROI. 

However, I will continue using digital marketing techniques, as I have become a true believer in their capabilities, even if measurement and transparency still need a little work.  After all, digital media measurement is still far better than traditional media measurement.