Archive for October, 2016

Strengthen your brand without creeping out your customers

Wednesday, October 19th, 2016

The Internet of Things (IoT) presents a great opportunity for marketing executives. As noted in Forbes, “Data analytics and IoT – two emerging keystones of the digital economy – are fueling something of a feeding frenzy of grand proportions in the tech space…Much of the action was driven by the push to adopt IoT and data analytics capabilities and intersection between the two.” While the growth potential seems to be limitless, I often wonder if technology is going too far.

customersI read an article in Business 2 Community that talked about how the IoT provides marketers “With such abundant user data and the availability of instantaneous consumer feedback, brands should consider themselves in direct, near constant conversation with their customers.” Shifting gears, I turned to Chief Marketer and read about how “The information from these devices will allow marketers to better understand how customers interact with different platforms. These insights will lead to radically new ways of capturing people’s attention and engaging their loyalty.”

Which begs the question of how do marketers leverage the IoT to improve customer experience without annoying their iotcustomers? We recently placed an article for our client, e-Spirit, about this issue in The Marketing Scope titled “Leveraging The Internet of Things To Turn Content Into Revenue.” What is most interesting to me is the idea of empowering marketers with the ability to deliver personalized content to help consumers make better decisions. For example, what if I’m in a store where my friend registered for her wedding and the location-based app points me in the direction of items on my friend’s registry? That type of service helps me spend less time searching for the gift and more time with my family, which sounds pretty good to me. Plus, I don’t consider it an invasion of privacy or badgering by the retailer.

For marketers the IoT presents a great way to share relevant information with customers without overloading them with worthless information. At McKenzie Worldwide we work with a variety of technology companies that help improve the customer experience. Can we help boost your company’s marketing power?

Building brand the right way

Thursday, October 13th, 2016

brand-2Branding is a buzzword that’s tossed around all the time in the marketing world. I Googled the term—define branding in marketing—and came up with this definition: “The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products. An effective brand strategy gives you a major edge in increasingly competitive markets.”

Why is this relevant? I just read in the Portland Business Journal that retailer HHGregg is closing all of its 222hhgregg_logo_a_e
stores on Thanksgiving. Company CEO Bob Riesbeck said that “It’s important to us that our associates are able to be home with their families on Thanksgiving, and we are encouraging our customers to do the same – knowing great deals will be available online on Black Friday and through the weekend.”

This giant retailer is not the first company to take this path. But other companies in this space, namely Macy’s, Target and Kohl’s, are open on Thanksgiving as they try to complete with the growing online retailer community. You can argue the issue on many levels but my interest lies in the branding aspect.

Does closing its doors on Thanksgiving so that employees can be with their families make you want to shop at HHGregg and avoid Macy’s? Last year Apple launched its Apple Global Volunteer Program. Locally, Nike has its Nike Community Impact Fund. Do I now have a preference to buy products from Apple and Nike simply because they give back to the community? Maybe and maybe not, but knowing about these types of programs raises my awareness of the companies which, in turn, helps them to build a positive brand.

When your company designs marketing programs, do you take into consideration how the product or program will be viewed? Is it worth it for large retailers like HHGregg to take the financial hit by closing its doors to allow their employees to focus on family first during the holidays? The impact on the bottom line might not be positive, but the impact on your brand and your employee well-being certainly will be.


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