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Attention Deficit, Part 2

Defined as “the concentration of attention or energy on something”, focus is clearly a behavior that businesses want from their staff and customers. Employers want employees to focus on their work. Companies want clients to focus on the marketing message, sales pitch, product displays or services being offered. But, with all the diversions and noise that compete for our attention and energy in today’s world, it is very easy to fall prey to distraction. If everyone is being driven to distraction, just how much is this lack of focus affecting business, and what – if anything – can be done about it?

Some economists and business strategists see focus – not ideas or talent — as perhaps the scarcest and most desirable resource today. In a sense, focus is seen as the distilled, concentrated part of a person’s mind. Focus is what puts a person “in the moment”. It is the difference between hearing and listening. It is the first essential element upon which all business transactions start. Some experts have even gone so far as to say that only companies that learn to effectively capture, manage, and keep attention — both internally and out in the marketplace – will be able to succeed in the increasing information-cluttered world of tomorrow. So how does a company capture, manage and keep focus, especially that of customers?
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The Power of A-B Testing – Part 2

Last week we looked at the power and purpose of A-B testing. We defined A-B testing as a simple random experiment with two variables or options, A and B, which are the control and treatment in the experiment. As the name implies, two versions (A and B) are compared, which are identical except for one variation that might affect the behavior. Version A might be the currently used version (control), while Version B is modified in some respect (treatment).

A-B testing is used in all kinds of applications, business and otherwise. Given today’s complex marketplace, companies often use it to either determine or validate the best approach for sales and marketing efforts. In marketing, it can be used to test the effectiveness of digital ads, web pages, online tools, web offers, client preferences, and email, among other things. While it is an illuminating approach for assessing and optimizing sales and marketing efforts, A-B testing requires patience, tracking and lots of data analysis. A company’s leadership must be willing to commit the resources and provide the tools to be able to do A-B testing effectively. Let’s look at best practices for A-B testing in sales and marketing and debunk some myths and mistakes related to this powerful tool.
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The Power of A-B Testing – Part 1

What, When and How To Test

Imagine this scenario. The sales manager and production manager are working with marketing to create a promotional email for the company. After deciding on a message, they discuss what time of day to deploy the eblast. Sam thinks it should be sent at the beginning of the workday, around 9am, as usual. Mike disagrees and thinks it should be sent at the end of the day, around 9pm.

To make his case, Mike cites a recent study by Experian Marketing Services which analyzed the best time of the day to send emails. The study found that emails sent between 8pm and 11:59pm had the highest unique open rate (21.7%), highest unique click rate (4.2%), and highest transaction rate (0.34). Those were all considerably higher than during any other time of day. It was also the time of day when recipients received the lowest volume of emails. Sam is unconvinced. He cites a DEG study that found that the highest email open time ran from around 8am to about 1pm, with a small dip around 11am. Moreover, the DEG study indicated that statistically the worst open rate time was 8pm. With such different results and opinions, what should the marketing department do? If the marketing department is savvy, the answer is to do both. Say hello to the power of A-B testing. Continue reading

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Effective Email Marketing in 2014 – Part 3

Email is one of the most popular and effective yet complex and frustrating methods of marketing used today. On the one hand, email marketing is cost effective, instantaneous and has the highest ROI of any type of digital marketing. On the other hand, email deliverability is unreliable and can be technically-challenging. Beyond the basics of good message, good design and email list validity / cleanliness, there are factors involved in the email delivery process that are beyond the sender’s control. That’s because an email does not go in a straight digital line from the sender’s outbox to the recipient’s inbox. Why? Well, it basically boils down to a fundamental flaw in the system. Traditional SMTP (email) servers were never designed to deliver bulk, outbound email. They were designed for individual emails. The primary workaround for bulk email, especially those that involve large lists, is batch deliveries and that causes delays and problems.

Even with batch deliveries, spikes in email volume raise red flags with major Internet Service Providers, such as Google, Yahoo! Hotmail and AOL. Given that many of the emails sent on a daily basis could be classified as spam – in that they are sent in bulk and are unsolicited — ISPs created sophisticated systems to prevent overwhelming their networks. ISPs scrutinize every message that comes on the network and decide what to do based on certain characteristics. Sometimes this scrutiny gets in the way of legitimate email delivery. For that reason, it’s important to implement best practices that increase email deliverability. Last week, we examined such basics as improving email address collection practices, and cleaning existing email lists. We also examined a key practice of getting email permission from all contacts. Beyond the basics, there are some additional technical steps that can be taken to help with email deliverability. Here’s how.
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Effective Email Marketing in 2014 – Part 2

The four letter word in the world of email marketing is SPAM. No marketer wants its emails to be considered spam. No company wants to be labeled a spammer. Certainly no business wants to be blacklisted. And yet, it is estimated that there is anywhere from 200 billion to upwards of 1.5 trillion spam email messages broadcast daily. Just exactly what is considered spam email and what isn’t spam? Email spam — also known as junk email or unsolicited bulk email — involves identical or nearly identical messages sent to numerous recipients via email. Definitions of spam usually include that 1) the email is unsolicited and 2) that it is sent in bulk. However, based on that, when any company sends an email to all of the contacts in its database (for whom typically it does not have explicit permission to email), that is spam. Spam email was named after Spam — the luncheon meat — which is considered ubiquitous, unavoidable and (to many) undesirable.

Because of the widespread deployment of spam email, Internet Service Providers have been and continue to be focused on developing ways to identify and eliminate spam (or at least reduce the volume of it) without preventing ‘permissioned’ email activity. It is a challenge. New strategies and metrics are being developed to decrease spam email deliverability. The focus is a one-two punch. First, ISPs are punishing unprincipled email senders who deploy unsolicited, bulk emails. Second, ISPs are rewarding compliant email senders that are sending ‘permissioned’ emails. For companies that want to not only behave respectfully and ethically but , it is important to use legitimate, proven email marketing strategies. As an added bonus, email compliant senders also enjoy improved email deliverability and therefore get better results. Thus, employing email marketing best practices is a win-win. Continue reading

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Effective Email Marketing in 2014 – Part 1

Many marketers feel that email marketing has a better return on investment than pay-per-click advertising, content marketing, social media, offline direct marketing, affiliate marketing, online display advertising, and even mobile marketing. Perhaps that’s because 91% of consumers check their email at least once a day. It would explain why about two-thirds of in-house corporate marketers rate emails as having “excellent” or “good” ROI.. In fact, it is estimated that email marketing has an ROI of 4,300%. Even if that percentage is grossly exaggerated, it is hard to deny that emails are an invaluable and cost-effective marketing vehicle for most businesses.

However, recent research also shows that average inbox placement rates stand at about 76.5% globally. On average, one out of every four emails does not get delivered to its inbox. That applies just to emails where the email address used by the sender is complete, current and correct, and does not even factor in email addresses that aren’t delivered because the email address used by the sender is incorrect, outdated or incomplete. That is because there are approximately 1.5 trillion spam email messages being broadcast every day. The challenge for ISPs has been and continues to be how to identify (and eliminate) that volume without preventing ‘permissioned’ email activity. Therefore, most major Internet Service Providers are using new strategies and metrics to guide email deliverability. The focus on email deliverability is no longer just about punishing ‘bad’ emails and unprincipled email senders (a/k/a Spammers). ISPs are now considering also how to reward ‘good’ emails and compliant email senders. Given the potential value of email marketing and the problems with email deliverability, it is important for every business and manager to be aware of the major factors impacting email deliverability today and understand legitimate, proven ways to improve that deliverability. Continue reading

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Clean Data is the First Step to Effective Sales and Marketing

What is the biggest source of waste for many businesses? Few would guess that at many companies it is ineffectual sales and marketing efforts resulting from poor database management. If the contact information for prospects and customers in a company’s database or CRM system is muddy, missing or just plain wrong, it cannot be used effectively for sales or marketing. Bad contact data also makes it impossible to effectively service existing clients. Data quality is crucial to operational and transactional processes within every enterprise and to the reliability of business intelligence and reporting.

Yet, maintenance of contact information for both prospects and customers is one of the most neglected, mishandled and inconsistent processes at many companies… and for good reason. Managing such ever-changing information is a tedious, difficult, thankless and never-ending job. Database managers are seldom praised or promoted for maintaining impeccably accurate records. Yet, if neglected or even ignored completely, dirty data can be the biggest source of waste at any company. Think of the wads of money and time that go down the drain by sending emails, letters, mailers, catalogs, promotions or newsletters to bad addresses… year after year. An unmaintained database will significantly reduce the impact of most marketing efforts and waste the time of every salesperson and leader. It is a shame to implement sound business development strategies for cultivating relationships with people who are ‘unreachable.’ The question is: how can a company achieve consistently clean customer data?
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How Are Smartphones Revolutionizing Business? – 2

It is a bit hard to believe that the first mobile phone was invented only four decades ago and smartphones have been around for only 22 years. Considering that nearly 80% of all adults in the U.S. are expected to have a smartphone by the end of 2015, practically no other technology in the history of the world can boast such lightning-speed adoption. For that reason, the future of every business today resides squarely in the palm of the leadership’s hands – figuratively and literally — in how well they embrace and adapt to the world of smartphone users.

Smartphones are quickly and deeply influencing and changing people’s shopping and buying behavior. However, the high-speed advancement of smartphone technology has understandably left many companies scrambling to keep up with the new opportunities and realities that smartphones present. Companies that aren’t on the mobile bandwagon already need to jump on or risk being left behind. But how exactly does a business become not just more mobile-friendly, but specifically more smartphone-friendly? This can be a challenge, especially for companies that are not selling widgits. How can businesses make information, services and support accessible on a computer screen that is typically about 2” x 4” wide? More importantly, how can businesses leverage smartphone use to reach customers in a more timely and personal way? Continue reading

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Storytelling = Marketing

According to the Merriam Webster dictionary, marketing is defined as “the activities that are involved in making people aware of a company’s products (or services) and making sure that the products (or services) are available to be bought.” Based on that definition, every employee is really engaged in activities that either make people aware of what the company is selling / providing or make sure it is available for purchase. Each employee is involved, in one way or another, with increasing awareness and availability of what is being sold. From an entry level clerk to the highest level of leadership, every person is involved in marketing their place of employ.

There are countless ‘marketing’ opportunities in the stories about what makes a company – any company — great. Every company has great stories about its products or services, its people, the ways that the company goes above and beyond, or the ways it helps the community. Every company has a multitude of stories, that when told strategically, have the power to convert lookers into buyers, prospects into customers, critics into fans, and one-time customers into loyal followers. A well-told, strategically-delivered story has the power to engage, encourage and enchant. You may wonder what story can the average worker have to tell and how can it be deployed strategically if the person doesn’t work in the marketing department or isn’t a great writer? You’d be surprised.
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The Marriage of PR and SEO

Thanks to Google’s Penguin and Panda algorithmic updates—two changes that have boosted the importance of editorial quality and referral sites, and have nixed the spammier forms of search engine optimization—PR (public relations) and SEO (search engine optimization) have emerged as similar practices. Today PR and SEO have nearly identical goals: to obtain earned media. Both PR and SEO need a backbone of relevant, informative, and newsworthy content.

However, while both SEO and PR efforts focus on the same goal, individually they often fall short of maximum effectiveness. Perhaps that is why more and more companies are beginning to merge their SEO and PR efforts into one. Just like the mix of chocolate and peanut butter were “two great tastes that taste great together”, so are SEO and PR two great strategies that work great together. So what are the best ways to marry PR and SEO efforts? Continue reading

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