Sales on mobile devices (m-commerce) are growing at a rapid pace, and startups without a mobile marketing strategy are going to be left in the dust – especially during the busy fourth quarter holiday season.
A recent IBM report predicted more than a 37 percent increase in m-commerce from 2013 to 2014. As mobile usage and commerce grows, so will its share of the ever growing online shopping sector this holiday season. And that means there’s a huge opportunity for startups to leverage mobile marketing as a key driver in their fourth-quarter planning.
Much of today’s mobile communications are still singularly focused on driving to mobile sites or to download an app but to leverage the true power the holidays, you need a plan delivers through the entire funnel:
- Drive customer acquisition: target all potential users and customers through effective mobile ads and emails. (Upper Funnel)
- Re-engage mobile customers: target users who have your app and re-engage them with ads and push notifications to encourage them to continue shopping on the app (Mid Funnel)
- Focus on experience to drive conversion: create a more seamless user experience by deep linking directly to product pages and streamlining the purchase/check-out process (Lower Funnel)
As you create your mobile marketing plan, make sure you are considering mobile specific tactics. Here’s a few core marketing practices for creating a mobile-marketing strategy that will drive success this holiday season:
1. Use personalised and dynamic content
Email and push notifications are great tools to help users feel like you are offering them personalised content and offers. Leverage best practices like incorporating an immediate welcome message when users sign up. Also, take into consideration the time of day your users might be interacting with your app.
By communicating with them at the right time of the day with relevant offers it will feel more personalised.
You know your customers’ browsing and purchase behaviour, so use it to drive what ads you show your users. Partnering with a mobile-marketing platform that allows you to deliver ads and messages for products that a customer actually wants to see. Your users will repay you with higher engagement levels and increases in lifetime value.
Joss & Main, a daily deals site for designer home furnishings, is a great example of a company that employs smart retargeting. They leverage mobile ads to retarget users with ads for products they’ve browsed or viewed in the past and even suggest similar products (that are currently on sale) that the user might want to see.
2. Make sure your creative works for mobile
A large element of successful mobile marketing is effective design. The design of your site needs to take into consideration the multiple platforms from which your consumers might be viewing your message. Ensure your creative considers that your users might be interacting with small screens, so keep your fonts large (16-22px), maintain simple and intuitive layouts and develop “touch-friendly” calls to action.
Online travel company Orbitz uses email best practices and takes mobile into consideration for their campaigns. In this example, they focus on one offer that is easy to read, above the fold and leverages a large call-to-action button.
3. Deep link in your app to make purchasing easy
You’ve invested the time on driving awareness and engagement on mobile, so now make sure you see it through and give your users an easy pathway to purchase. Make sure your ads, emails and notifications all deep link back to the product pages of your app.
Shopbop, a global fashion e-tailer, uses both emails and push notifications to alert users of low inventory alerts for products they’ve viewed and inform them about new products from designers they wear. When a user takes action, they are linked directly to the product page and can purchase seamlessly from the app.
4. Track and attribute your success
Make sure you are tracking key metrics (there are several viable out-of-the box mobile-tracking solutions) and then attributing them to the channel that drove the response. Key-performance metrics, or KPIs, for core channels of mobile marketing are: click-thru, conversion and actual purchases. Make sure you share transaction data with your mobile-marketing platforms, so that you can attribute what channel is actually driving purchases.
Once you have the data, use it. Are your customers not opening your email, tapping on your push notification or converting from your ads? You can always improve, so test different communication tactics, offers or even times of the send.
As a commerce channel, mobile is still relatively small. But its trajectory is so clear, that there really is no excuse not to commit significant resources to your mobile-marketing campaigns. There’s huge upside this holiday season for companies that take the time to create a mobile marketing plan that communicates in a consistent and relevant way with their customers. The result is messaging that feels personal, delivers meaningful content, increases your holiday sales and yields more customers going into 2015.
Related: 4 Steps To Launching Your App
This article was originally posted here on Entrepreneur.com.
10 Tips For Web Design That Drives Sales
If your website has a lot of traffic but few conversions, it’s time to figure out the problem.
Every business owner wants a website that encourages visitors to take the next step: buy or contact. This step is called conversion, and it’s the moment your lead converts to become a customer. If your website has a lot of traffic but few conversions, you need to identify why.
It’s true that many factors may contribute to the problem. Believe it or not, web design can have a powerful impact on buyers and their choices. Studies show product assessment takes about 90 seconds. Users grant websites a fraction of that time: Less than eight seconds. Those first impressions are about 94 percent design-related. What’s more, about 75 percent of users will judge your brand credibility based on your website design.
Most first-time visitors to your site are not ready to buy. They’re investigating options and comparing you to others. Do you know how you stack up to the competition? Take a look at websites for leaders in your market space. Then, turn your critical eye inward.
Here are 10 aspects to consider when evaluating your website design and deciding which changes will yield the greatest results.
5 Ways To Drive Leads And Double Your Profits
Data is the secret sauce to grow your business and dominate your marketplace.
As a marketer, the right digital strategy can drive leads, increase profits, and eliminate the competition. But in a crowded marketplace, how do you cut through the noise?
Enter Joshua Harris, entrepreneur, master marketer, and member of The Oracles. His company, Agency Growth Secrets, teaches entrepreneurs how to grow highly profitable digital marketing agencies and win their clients unmatched results.
What’s the key ingredient to his secret sauce? The right data. “The data we use plugs into Facebook and Google, slashing the cost on these platforms by 25 percent to 75 percent,” shares Harris.
Here are five data-driven strategies that Harris uses to drive leads — and generate insane profits for his company and clients.
1. Eliminate non-buyers from your targeting
To get the biggest bang for your buck, eliminate non-buyers from targeting. “In Chet Holmes’ famed market pyramid, he showed that only three percent of people are ready to buy immediately. So, any money you spend on the remaining 97 percent of people is a waste,” Harris explains.
“Current ad platforms don’t have a way to eliminate these non-buyers, so marketers leave money on the table with the standard pay-per-click model,” he adds. Instead of using the “spray and pray” method of broadcasting your message to everyone, Harris recommends using precision targeting to identify people who are ready to get out their credit cards now.
“If you know who’s right for your offer, you don’t need to pay $10 to Google for a click. You can put your offer on The Google Display Network. You can send the prospect a postcard. There are multiple ways to reach someone when you know who they are.”
2. Implement a closed-loop attribution tool
To prove your value proposition to marketing clients, show how your work has influenced sales. The right big data technology has the power to do just that.
“The platform we use shows metrics on a consumer’s browsing history, where they encountered our ad, and how that ad influenced them to buy,” Harris shares.
With closed-loop reporting, cookies and other tracking codes (such as UTM parameters) are used to flag a URL to identify specific visitors. These codes are then used to track where a visitor encounters your ad and how that interaction informs a sale.
What you can’t measure, you can’t manage. By using closed-loop reporting, you can measure success and manage your business.
3. Embrace people-based marketing
People-based marketing means being able to recognise the name of who you’re dealing with. “Website traffic is mostly anonymous and fraught with fraudsters and bots,” Harris cautions. “With people-based marketing, you track channels to ensure your ad or message is getting delivered to a real person.
“We track URLs, buy data from publishers, and use paid subscriptions to create profiles of our target customers. When we reach out, we know we’re communicating with an actual client.” If you want real results, you need to verify that each person you’re targeting is an actual person.
4. Predict a path-to-purchase
By analysing data correctly, marketers can predict who is going to do what next. “With our platform, we feed a hundred potential buyers into our system,” Harris explains. “Then we examine all the different online behaviours of prospective buyers before they purchase. Their searches leave a trail of breadcrumbs, and we connect the dots.”
When analysing data, Harris advises focusing on what signals potential customers give off before they buy. “If you put the pieces together, you can anticipate a client’s next move by their online behaviour before they do.”
5. Advertise across channels
Once you’ve targeted the right client, reach out across channels. “Instead of spending $1,000 on just Google AdWords, use content management software that works across mobile and desktop platforms,” Harris advises.
“Use Facebook, Google, YouTube, Pinterest, Display, direct mail, phone calls. The point is not only to use the best channel, but to use all channels. In other words, become omnipresent. If a prospective buyer sees you everywhere, they’re more likely to buy from you than an obscure competitor.”
Ultimately, with the right data tools, you can consolidate your marketplace and eliminate the competition. As Harris points out, “a competitive advantage is either operating cheaper or commanding a premium price. Our platform allows you to operate at a lower cost with your ads. Because your costs are lower and your frequency is higher, you can convince your customers that you have a better offering, set the buying criteria, and drive profitable sales.”
This article was originally posted here on Entrepreneur.com.
The 5 Best Actions You Can Take To Improve Sales Calls
Ditch your script. Record your calls. Analyse your patterns. There are new, non-conventional ways to approach calls. Have you tried them?
We’ve all got a ton of digital tools to help us boost brand awareness, attract subscribers and followers and ultimately convince people that our brands have something to address their needs. However, closing the deal still usually depends on a one-on-one conversational interaction – or series of interactions – the traditional sales call.
Your top salespeople work tirelessly to track down leads generated by your marketing team. They reach out to previous customers to renew interest. And they work to convince interested buyers to finally take the plunge.
You can improve those close rates by: 1) asking your top performers to train your newcomers; or 2) sweetening the pot by offering more to your prospects in the first place.
But if you want to get even more out of your sales strategy, you’ll need to optimise your and your salespeople’s calls themselves. So, how, exactly, do you improve those calls?
Here are five ways:
1Ditch the script
First, let’s be clear: Sales scripts can be helpful. They’re a useful rubric for guiding the conversation in the direction you want to go, they’re a useful resource for training new candidates; and they’re a nice crutch for anyone who is shy or anxious about talking on the phone.
But there are two big problems with sales scripts on calls: First, they have a tendency to sound fake (especially if you’re using a template). Most customers can tell the difference between a sincere conversation and one that’s been over-rehearsed or pre-planned, and you’ll lose sales if you always sound insincere.
Second, scripts lock you into a single routine. It may be a decently effective routine, but you’ll never know if there’s something better out there.
2Record your calls
Have you ever experienced that phenomenon where the sound of your recorded voice is alien compared to what you’re used to hearing? This happens because of the vibrations we pick up in our own head, but it represents a bigger idea; we don’t know what we sound like until we listen.
Accordingly, your underperforming salespeople may be making critical mistakes they could pick out in an instant – if only they realised they existed. Start recording your sales calls, and make your sales staff listen both to their own calls and those of others. You’ll become collectively more acquainted with proper sales techniques, and be able to isolate some of the most egregious mistakes your people are making.
3Analyse your patterns
Unfortunately, there’s only so much the human mind can pick out in a single episode of listening of a sales call. That’s why artificial intelligence (AI)-powered speech recognition and analytics tools are starting to grow more popular. These tools automatically transcribe your sales calls, then analyse the text, looking for specific keywords that can tell you how the conversation is progressing, and where (for better or worse) the turning points are.
It’s an automated way to dissect how your sales calls develop, and a perfect tool for brainstorming new angles and tactics.
4Control your progress with goals
You should also make sure your progress remains steady and measurable by setting goals for your salespeople. These need to be both short-term and long-term, so your salespeople can see steady progress and feel motivated by their own efforts. Your goals also need to be both individual- and group-focused, so you can keep your team working together while still inspiring a bit of competition and individual improvement.
5Experiment and observe
Finally, don’t let yourself get too comfortable with any one set of tactics – even if your phone-call recordings guide you in that direction. Just because a strategy is good doesn’t mean it’s necessarily the best, so if you want to keep improving, you’ll want to experiment, sometimes with drastically different approaches.
Related: 8 Tips for Dominating Online Sales
Observe how these experiments develop, and scrap whatever doesn’t work. Inevitably, you’ll find something worth exploring.
A note on conventional tips
You’ll notice that I haven’t included any conventional tips to directly make your calls better, although there are plenty out there that seem to work. For example, there are no recommendations to start the call with a positive anecdote, or to make calls while standing and walking around to bring more energy to the meeting.
These can be helpful, but they’re short-term fixes, and they aren’t going to fix any glaring problems with your strategy. They’re also limited in how much value they can deliver.
Instead, the strategies listed, in contrast, are methodologies that can be applied indefinitely. They’re tools to help your team members learn and improve on their own. Accordingly, they won’t give you an instant boost in productivity or effectiveness, but they will yield the most powerful results – especially when applied over the course of months or even years.
This article was originally posted here on Entrepreneur.com.
Snapshots8 years ago
Habari Media: Adrian Hewlett
Start-up Industry Specific5 months ago
How Do I Start A Transport Or Logistics Business?
Snapshots10 months ago
27 Of The Richest People In South Africa
Types of Businesses to Start9 months ago
11 Uniquely South African Business Ideas
Entrepreneur Profiles5 months ago
10 SA Entrepreneurs Who Built Their Businesses From Nothing
Types of Businesses to Start6 months ago
10 Business Ideas Ready To Launch!
Lessons Learnt2 years ago
6 Of The Most Profitable Small Businesses In South Africa
Types of Businesses to Start7 months ago
The 10 Best New-Age Business Ideas You Haven’t Heard About Yet