Showing posts with label Engagement. Show all posts
Showing posts with label Engagement. Show all posts

Monday, September 21, 2015

Customer Experience for the Future: Context is King

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context is king
 
Every job exists thanks to customer funding. As Peter Drucker said, “The customer is the foundation of a business, and keeps it in existence.” And as Dr. Deming said, “What everyone in a company does can be reduced to one of two functions: to serve the customer or serve someone who does.”  But how many employees in your organization see their job this way? And how many managerial decisions respect these truths?
 
In the future, companies that treat customer experience excellence as the context for everyone’s roles, thinking, and actions will outpace their competitors in success. Context is one of five success factors described in my recent article, Customer Experience for the Future: 5 Keys. Context is defined as “the circumstances that form the setting for an event, statement, or idea, and in terms of which it can be fully understood and assessed”. Customer experience excellence as context for every job means that it is always top-of-mind as the primary basis for the way we do our jobs.
 
In the mainstream we’ve come to think of customer experience management (CXM) as a way to get customers to do things for us: engage in social media, recommend us, renew their purchase, and expand their purchase. But this may not be the most appropriate definition of customer experience management.
 
As a customer yourself, you know that your experience with a company is much more than what you do about it in social media, recommending, renewing, or expanding your purchases. You know that your experience is as much – or more — about the product working as expected, right the first time and every time – as it is about your purchasing and social interactions.
 
The responsibility for CXM is largely assigned to marketing, sales and service – exempting most of the company from a customer-oriented mindset. Many employees see their work as a right in and of itself, with logic such as:
  • “Every company needs an accounts receivable function, so my job is to receive payment as early and often as possible so our books look good.”
  • “As a corporate lawyer, my job is to protect the company from risks.”
  • “On the manufacturing line, my job is to produce product according to our deadlines.”
  • “In engineering, my job is to design products better and faster than our competitors do.”
  • “In marketing/sales/service, my job is to maximize revenue before month-end, every month.”
  • “In customer experience management, my job is to maximize our index (e.g. NPS) scores.”

Think of the wasted energy caused by every job having its own reason for existence. This mindset is the basis for organizational silos. And we all know the headaches caused by siloed efforts, data, systems, processes, and politics.

Think of the synergies possible by creating a common rallying point for every job: we do our work so that customers will choose our company for their next purchases. If so, the new logic will be:
  • “Every customer needs to pay for what they buy, so my job in accounts receivable is to make that process as easy and nice as possible, helping customers want to pay our company.”
  • “As a corporate lawyer, my job is to help the company operate as smoothly as possible for customers’ long-term well-being.”
  • “On the manufacturing line, my job is to produce product that meets customers’ standards of quality and timeliness.”
  • “In engineering, my job is to design products that help customers achieve their goals through us better than through any other source.”
  • “In marketing/sales/service, my job is to sync my processes and communications to maximize customers’ inclination to buy more, and more often, from us.”
  • “In customer experience management, my job is to guide the company in preventing hassles for customers and in maximizing value to customers.”

As you can see from these examples, CXM is not something that customer-facing staff take care of. It’s much more than digital or content marketing or touch-point management. It’s much more than encounters, interactions, experiential events and processes, or case-specific resolution. You may think employees in your organization already think like the second list shown above. Test it. Ask a sampling of employees what their role is, and listen carefully for the word “customer”.

CXM is actually about centering everyone’s thinking on realities as customers see them, across their end-to-end process for selecting, getting and using the solutions they’re seeking.

Every manager, at every level and in every functional area, not only has fiduciary obligations and supervisory duties, but also responsibility for how decisions and deliverables contribute to customers’ propensity to buy and rebuy.

You may be wondering about the practicality of shifting everyone’s mindset to a customer orientation for their roles and responsibilities. Here are some practical ways to do it:
  • Capitalize on the fact that everyone wants their company to be well-liked.
  • Leverage related corporate values and objectives to help everyone see customer experience excellence as the context for the business’ success, and in turn, for their career success.
  • Show them how to re-write their job descriptions from this context.
  • Stream relevant customer comments, from any source, to each department on a regular basis.
  • Feature succinct customer experience stories (and not just testimonials) at every opportunity.
  • Give every department their own cut of voice-of-the-customer data, with analysis of patterns, and show them how to create action plans that prevent recurrence of issues.
  • Weave accountability for engagement in customer experience improvement and innovation into existing routines and processes.
  • Begin every meeting and training session with the context of customer experience excellence.
  • Revise performance reviews and recognition and incentive programs with the context of customer experience excellence – and not based on a survey score, but rather, on something employees do as part of their roles and responsibilities.

Every job has a stewardship to customers’ well-being. If not, why fund it?

To view the original article please visit: Inside CXM

Friday, September 4, 2015

Customer Experience for the Future: 5 Keys

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5 CX Keys

I have a dream that in the future we’ll look back and say “Remember how hard it was to be a customer back in the 2010s? Thank goodness it’s so much easier now!”  This dream stems from acknowledgement that it’s all too often a bit rough to select, buy, or use a solution in our lives and businesses. For example, when we buy something the farthest things from our minds are that it might not work as expected, or how it will be to call customer service, or the surveys we’ll be invited to answer, or recommendations we’ll be encouraged to make, and so forth. Yet, for customer experience (CX) managers in companies, these are the first things on their minds.

Can this gap continue indefinitely? Probably not. Customers and executives alike will become impatient. Mixed signals we’re seeing already include declining response rates to surveys, declining satisfaction ratings[1], reduced budgets and staffing for CX, and executives losing faith in the potential for CX-driven business results[2] – while other companies are seeing the opposite of these trends, toward stronger customer relationships and stronger CX-driven business results. Let’s learn from the latter.

Here are 5 words representing successful customer experience management (CXM) in the future:
  • Context
  • Outside-In
  • Patterns
  • Collaboration
  • Momentum

1) Customer Experience Excellence as a Context
Every job exists thanks to customer funding. Therefore, every job has a stewardship to customers’ well-being. If not, why fund it?  Every manager not only has fiduciary obligations and supervisory duties, but also responsibility for how decisions and deliverables contribute to customers’ propensity to buy and rebuy.

Why it’s key to future success: This viewpoint is powerful in shifting from our current collective mindset of CXM as something that customer-facing staff takes care of. It is a shift from the micro management of CX as encounters, interactions, experiential events and processes, or case-specific resolution. It is an expansion from relatively superficial treatment of CXM as digital or content marketing or touch-point management. It centers our thinking on realities as customers see them, across their end-to-end process for selecting, getting and using the solutions we sell. It has the power to dismantle silos that currently dominate and severely limit CXM.

Customer experience definitions that transcend current mindsets to enable superior performance in the future are:

Customer Experience is customers’ realities in selecting, getting and using
a solution that enables a capability they want.

A customer is anyone who has a role in the decision or action to get something,
or who uses what is obtained.

2) Outside-In Perspective of Customer Experience
Which of these two questions is outside-in:  (1) “How likely are you to [do X for or think Y about] our company?” versus (2) “How well have we helped you meet your goals?”  The latter is about us helping the customer, while the first question is about the customer helping us.  Think about which of those two questions is most appealing to customers. If we give anyone the opportunity to talk about themselves we’ll get a lot more participation and a lot more valuable information.

Why it’s key to future success: Expecting customers to do something for the company is perhaps a bit odd. They’ve already paid fair market value for what they bought. If they’re participating in a survey or in social media or anything else we can be grateful for that generosity. Otherwise, as much as we’re reaching out, it’s actually from an inside-out, self-serving perspective. We should seek to extend value or create value to continue a fair dynamic in our hopes for customers to engage with us.

Focusing on the customers’ goals can make a huge difference in what we can achieve through CXM. First of all, it gives employees and suppliers a higher purpose. Second, it is the key to being more innovative, and more successful in launches. Third, it characterizes expectation-sets. Customer segmentation and CX personas based on expectation-sets are more natural and a better view of reality, and they are instrumental to every manager using CX excellence as a context for their decisions and deliverables.

3) CX Patterns Move the Needle
Patterns in customer experience data reveal trends, connections, and impetus to make a difference for the greater good. To identify patterns we need to study cross-tabulations, conduct correlation analyses, characterize groups of customers who see things similarly, link various customer feedback sources, connect quantitative (ratings) and qualitative (verbatim) data, and explore linkages between customer perceptions, sentiment, behaviors, operational data, employee opinions, and financial data. Patterns are enriched through root cause analysis (ask “why?” 5 times), Pareto charts, scatter diagrams in quadrant charts, and calculating customer lifetime value. Patterns can motivate collaboration.

Why it’s key to future success: Patterns are influential in shifting from our current emphasis on index scores, micro approach to following up on low ratings, tactics for moving a few decimals in ratings averages, seat-of-the-pants action planning in silos, and weak accountability for driving changes that customers will reward. Patterns are currently used most effectively by Business Intelligence and Marketing, but the greatest power of patterns is how they inform the rest of the company in using CX excellence as a context for their decisions and deliverables.

4) Collaboration Earns Customer Trust
The customer experience journey or lifecycle is horizontal, fluid, and continuous across a company’s various departments, processes, and facets of CXM. Incongruent CX governance, design, data, or improvement efforts are typically more transparent to customers than we realize. These mis-matches erode confidence and trust that are essential for relationship strength that yields business growth. Nearly every issue that causes surprises or hassles for customers cannot be resolved without cross-functional collaboration. Perpetual existence of these issues, especially after customers have voiced their dissatisfaction, takes a toll on customers’ trust that they are heard and valued, and that their future well-being is assured.

Why it’s key to future success: This viewpoint is impactful in shifting from our current silo treatment of VoC instruments (i.e. customer listening posts). It is a shift from silo management of VoC, references, predictive analytics, loyalty management, user experience design, customer service, and other facets of CXM.  It is a shift from finger-pointing and the not-invented-here syndrome. Collaboration is an indication of internal trust, which is a precursor of external trust.

5) CX Momentum for Company Growth
At the end of the day, company growth is the ultimate reason for customer experience management. Growth is something that’s ongoing, and customer experience is also ongoing. So of course momentum is an essential aspect of customer experience strategy and governance. Coincidentally, shared vision and ownership among the entire C-team for CXM is the starting point for enduring momentum, which is not accidental or automatic. Momentum is assured when “CX excellence as a context for every job’s decisions and deliverables” becomes a way of life. Team recognition, incentives based on action progress, and weaving CX insights into the company’s ecosystem can be instrumental in propelling momentum.

Why it’s key to future success: This viewpoint is significant in shifting from our current emphasis on individuals, heroics, programs, and compartmentalization of CXM. It is essential to overcoming the negatives in the mixed signals noted in the introductory paragraphs of this article. It is a shift from patchwork CXM strategies and Jenga-like managerial decisions. Growth requires fuel.

Not every company will succeed in profitably differentiating customer experience. Very few companies are making this wish a reality now. The strongest differentiation won’t be about sizzle, but rather, substance. Future success will not hinge upon an impressive technology, but rather, people and processes.  To rise above the pack, context, outside-in, patterns, collaboration, and momentum are five keys to managing CX in ways that customers will reward in a strong positive trajectory.

This article is the first in a series of articles about Customer Experience for the Future.
[1] From the 2015 Temkin Experience Ratings: “Between 2014 and 2015, only five industries improved and 14 declined.”
[2] From the 2013 State of Customer Experience report by Forrester:Despite 90% of respondents saying that CX is a top strategic priority for their firm, a shocking 86% said their companies don’t actually expect to get much value from it”.
Image: ArtByDebora

To view the original article please visit: Inside CXM

Focus on Customer Experience this Football Season

Whether or not you're a football fan, it's hard to ignore the excitement generated by a big game or in this case- the start to the season. This season provides great opportunities to bring in new customers and a way to show your appreciation to current ones.

Game Day Sales
While fans often have plans on Game Day, there are always people looking to shop. You can offer a Big Sale on Game Day to draw people in on a day that might otherwise become slow. Customers can come in wearing their favorite team apparel and get 20% off their purchase. You can even up it to 25% if they come in during the game.

Window Displays
Grab some inspiration from a big company like Nike who can create a window display like this. Ask yourself a few questions: What do you like about the display? The use of footballs as a flag? The mannequins in motion?

 Figure out what speaks to you from your favorite windows and incorporate it into your display!

Tailgating
Come from a big Football town? Offer an event that will help people get pumped for the game and their team. People can stop by before the kick off for some coffee or snacks on their way to watch the game. Interacting with your community and getting foot traffic in your store will be great for your store!

Go Subtle
Football fans not your main clientele? You can have fun anyway! Choose your cities colors (or your favorite) and create a display with them. You can put hints of football in there too, to bring together the look. The best part is you can incorporate any holiday into your display too.

Think Long Term
Create a gift basket that people can place their bets on now! Ask people which two teams they think will make it into Super Bowl 2016. Then, as the tie breaker ask people to enter what they think will be the final score of the game. If this is too much of a long term plan, you can create a competition for just the kickoff game between the Patriots and Steelers, asking people for the final score. Whoever comes closest wins!

Have Fun with Social Media!
Make sure you get your store’s personality out there on Facebook, Twitter, or Instagram! If you have a great new display, an event or some football-related products make sure to share. There are also great memes that you can utilize and engage with your followers. Social media is not about only pushing your store, but about creating a connection with your customers.
 
 
 Now that you have some inspiration for this football season- go out there and show it!

The Psychology of Creating Repeat Customers for Your Business

If You Can Master These Underlying Principles of Engagement, Nothing Can Stop You

— Posted By
    
The Psychology of Creating Repeat Customers for Your Business            
Apple. Netflix. Starbucks. Amazon.
 
Chances are, you've bought something from each of these companies within the past few years. In fact, I'd be willing to guess that you've made multiple purchases from every one of these brilliant brands. I know I have.
 
There are several reasons why I've bought multiple products and services from these companies, but what's important to note is that they have successfully made me a repeat customer and what's more; I'm happy about it.
 
These companies worked very hard to become habit-forming by nature, and as a reward, they can rely on getting a certain amount of revenue from me every year with somewhat regularity.
 
With Apple, I truly love the products. Netflix has excellent original content and has become almost the only form of television I watch. Starbucks is everywhere and is incredibly convenient, consistent and quick. Amazon carries almost everything (including the Kindle) at low prices and can ship it straight to my door in 2 days with Prime delivery. I'm still trying to figure out this equation in my own business, right now.
 
A few weeks ago, I had the pleasure of sitting in on an incredible class on this exact subject with Best-Selling Author and entrepreneur Nir Eyal. In this class, Nir shared with us the psychology behind how any business can maximize their ability to create repeat customers at every turn.
 
Ryan Robinson on Hooked with Nir Eyal on CreativeLive

That's me with Nir, above. We got to chat live in the class about how we at CreativeLive can increase engagement and re-purchase rates with our online education business. One of the most core concepts I took away from our conversation was the importance of always creating only the highest quality, results-driven content for our customers.

Even delivering an incredible amount of value isn't enough, alone. You have to give your customers a reason to come back for more on a regular basis.

"Today, just amassing millions of customers is no longer good enough," Nir says. "Companies increasingly find that their economic value is a function of the strength of the habits they create."

Repeat customers save your business time and resources. But most importantly, they give you the peace of mind to focus on creating the best products and services you're capable of.

How can we learn from the most successful addicting brands in the world, and apply the same principles they use, to our businesses?

Here are the two fundamental principles of creating repeat customers for your business. If you can master these, the sky is the limit.

1. First-to-Mind Wins

"A company that forms strong customer habits enjoys several benefits to its bottom line. For one, this type of company creates associations with 'internal triggers' in customers’ minds. That is to say, customers come to the website or store location without any external prompting," Nir shares.

Whether it's in the form of a Starbucks along your morning commute to work, or to flip on your favorite Netflix show every night because you love the way watching it makes you feel, these are prime examples of successful internal triggers.

"Instead of relying on expensive marketing or worrying about differentiation, habit-forming companies get customers to cue themselves to action by attaching their services to the customers’ daily routines and emotions. A cemented habit is when users subconsciously think, 'I’m bored,' and instantly Facebook comes to mind. They think, 'I wonder what’s going on in the world?' and before rationale thought occurs, Twitter is the answer. The first-to-mind solution wins," Nir says.

"Successful habit-forming companies attach their services to their customers emotions." - Nir Eyal
The same principle applies to how I shop for a new book. My first instinct is to head over to Amazon, pick up a Kindle book and begin reading from my Apple devices. I'm hooked.

Related Article: Under Promise, Over Deliver: The Must-Do's of Customer Retention

 

2. Manufacturing Desire

How do companies create a connection with these internal cues needed to form habits?

The answer: they manufacture desire.

As Nir illustrates, "fans of Mad Men are familiar with how the ad industry once created consumer desire during Madison Avenue’s golden era. Those days are now long gone. We are now a part of a world filled with distractions, ad-wary consumers and a lack of ROI metrics. The combination has rendered Don Draper’s big budget brainwashing useless to all but the most popular brands."

"Instead, the successful smaller companies today are manufacturing desire by guiding customers through a series of experiences designed to create habits. I call these experiences “Hooks,” and the more often customers run through them, the more likely they are to self-trigger."

Here's the Hooked Model Nir designed, to illustrate how the best businesses guide their customers through an experience of rewarding desired actions, and encouraging deeper investment.

Hooked How to Create Habit Forming Products

With my own online course business, my clients consistently come back for more content every time I release something new. I've applied some of Nir's principles of providing genuine value and carefully giving my customers a feeling of accomplishment so that they naturally want to keep coming back.

When your customers continuously experience the feeling of reward at the end of a desired behavior for your business, they'll begin to form internal triggers, which become attached to existing habits and behaviors of theirs. If you do this right, your customers will soon be internally triggered to think of your product or service every time they feel a certain way. In this way, the internal trigger becomes part of their routine behavior.

How will you create engagement hooks for your customers?


To view the original article please visit: Business.com

Wednesday, September 2, 2015

Music: The Secret to Keeping Employees Happy and Productive


SocialMonsters1
 

What’s the secret to keeping employees happy and productive while at work? The answer may surprise you. A study from the University of Windsor found that listening to music improves employees’ moods and enhances perception while working. Additionally, research from the Journal of Music Therapy shows that listening to music can lower tension, even if it’s loud, rapid or energetic, like the type of music that’s played in Abercrombie and Fitch.

 

Productivity Studies

Beyond improving your employees’ moods and lowering tension at work, research published in the journal Applied Ergonomics shows that people who listen to music while conducting repetitive work tasks are more efficient. In addition, an article published by the Institute of Leadership and Management states that managers can cut the number of sick days by seven million and increase worker productivity just by playing music in the background at work.

 

Playlist Services

Professional playlist makers like Spencer Manio are behind what you hear coming from the speakers at the mall. Manio has worked for retailers including Nordstrom, Converse, Under Armour and BlackBerry via PlayNetwork, an agency that reaches 75 million people per day. Additional music services such as Custom Channels, Mood Mixes and Sound Reef provide background music for a wide range of retail stores. From art galleries to clothing retailers, these providers help reinforce brand identity by creating a specific mood suitable for both customers and employees. And in many cases, it’s affordable. Mood Mixes, for example, charges just $15 each month for services.

From brand to brand, retailers’ music choices reflect their values and may be based on location. For grocers, the most popular type of music is radio-style. By playing this type of transmission throughout the store, grocery stores can broadcast promotions and special offers. Whatever approach you take, you or a music expert must test, review and refresh the music selection every so often.

 

Sound Systems

Before outfitting your retail establishment with a music-playing system, consider the pros and cons of using surround sound versus sound bars. According to The Dig, retail spaces that are larger than 15 by 20 are best suited for surround sound systems. But for smaller spaces, like boutiques, a sound bar is a good option.

 

The Bottom Line

Mark Faithfull, writing for Retail Week, states that music played in a retail space reflects the brand message and enhances the customer experience. And if this is done correctly, it results in a higher volume of sales. So, which music is right for retail? Music experts like Vanessa Walmsley of Mood Media say a mix of ambient playlists and recognizable artists is best for drawing in customers and keeping employees engaged.

Music is everywhere, from cafes on the corner to giant department stores, so make sure your business is included. Not only does it impact your sales team and customers, it impacts your bottom line. And that should be music to your ears.

Photo Credit: Provided by Social Monsters with permission to use. 

To view this original article please visit: Retail Minded

Friday, April 24, 2015

6 Reasons Social Media Is Your Secret Weapon in Customer Service

By: Dan Newman, President of Broadsuite
May 05, 2014    

We all know the statistic in one way, shape or form: It costs five, six or even seven times more to acquire a new customer than it does to retain one.

While the actual cost difference between acquisition and retention may alter slightly depending on which study you read, there is no mistaking that the cost is exponentially higher to acquire a new customer vs. retaining an existing one. So it is important you are accommodating (considerate) to your current customer base. Indeed, 82 percent of consumers in the U.S. said they stopped doing business with a company due to poor customer experience, according to Customers That Stick, a company focused on the customer-service arena.

To avoid this outcome (one that can have damaging and prolonged effects on a given company) businesses need to ramp up their customer-service game -- and not just by providing mediocre service. Companies should provide the ability to interact, engage and provide superb customer service in real time on social media.

In a survey conducted by research group Loyalty 360, more than 25 percent of businesses indicated they ranked social media as the most effective channel for customer retention. The main reasons being is social-media marketing allows for brands to speak directly to customers (and attract new ones), along with easy access to companies. Unfortunately, not every company has caught the social-media bug. Approximately 70 percent of customer-service complaints made on Twitter go unanswered, according to a study conducted by Maritz and evolve24.
While some people may just think this whole social-media craze is just a fad (and not worth the time or effort), many feel it is here to stay.

So for those 75 percent that of businesses that did NOT rank social media as the most effective channel for customer retention, here are six reasons to get on board.

1. Real time feedback and engagement. Face it, other than a phone call, what other medium allows your company to engage in real time with its customers? And since no one uses their phones -- at least not their mobile phones -- to make actual phone calls, more and more consumers are going to social media for customer-service related issues. (This may also have to do with our short-attention span and need for immediate results.)

“A year ago, when [consumers] got a social media response from a brand on a customer care issue, they were pleasantly surprised. We’re getting to the point now that if companies don’t respond, they will have a black mark against them,” said Dennis Stoutenburgh, the co-founder of Stratus Contact Solutions, a customer-care company, at a panel last year.

2. Keep your customers up to date. Yes, you can send out promotional emails, run display ads and nab television and radio spots to let customers know about timely announcement. But what do you do when you want to remind your customers of these promotions and sales? What do you do if you have a special sale or event that you want to promote very quickly? You turn to social media, the platform that was born for last-minute marketing. A company's followers on social media are the same people who have raised their proverbial hand to indicate a willingness to be kept informed of all goings on within your company.

Related: 4 Common Customer-Service Obstacles (And How to Fix Them)

3. Build trust. Social media allows you the opportunity to build trust with your existing customers, which often results in a stronger relationship between the two parties. When this occurs, there is a greater likelihood of turning a customer into a brand ambassador. When you have these "power customers," they can be used as a great marketing tool to promote your brand through positive reviews and word-of-mouth tactics.

Related: The 7 Musts of Customer Service on Social Media

4. Be there. There was an old infomercial for the Showtime Rotisserie Grill and the company used the tagline “set it and forget it.” While that may have worked then, it doesn’t work now -- especially when it comes to social media. Remember the operative words here are “real time,” as in you need to engage, respond and interact with your customers who reach out to you via social media.

5. Stay relevant. Marketers need to remember to engage with customers about the things that are relevant to them, especially in the context of customer service. If someone has an issue and expresses it through social media, don’t use that as a chance to try and sell them something. Instead address his or her concerns.

6. Be mindful of your tone. Andrew McCauley (also known as the social-media bloke) is the co-founder of the digital-media agency AutoPilot Your Business. In a recent blog post he wrote “automatic, scripted or canned responses are unacceptable in terms of customer care. Today’s socially savvy customer wants -- and expects -- a personal response. Just like any form of customer-service training, any of your team members who respond to social media inquiries or complaints should be trained to use a tone that is appropriate for not only the type of message they receive, but for the type of customer they receive it from.”

And he couldn't be more right. Customers are very sensitive to tone, so it is always best to error on the side of caution.

To view the original article please visit: http://www.entrepreneur.com/article/233612

Friday, April 10, 2015

Downright Personal

Feb Cover Image


The results of personalization are undisputed — but what’s necessary to make it work?

First impressions can provide valuable information. But anyone who’s ever been in a relationship understands that really knowing someone takes time, experience — and often, a few steps forward and a few steps back to get it right.

This year, virtually every list of leading trends touts the importance of personalization. Truly knowing your customers, anticipating their needs, strengthening your brand: It would be easy to fall head-over-heels with vendor promises. Some are in-store efforts boosted by recent technology; others are aimed at e-commerce and mobile, providing just the right experience to just the right customer at just the right moment.

After beginning personalization efforts, New York-based Sabon saw a 35 percent increase in sales on Black Friday and Cyber Monday 2014. The luxury bath and beauty products retailer credits the results to a new relationship with Dynamic Yield, a provider of real-time, automated personalization and content optimization solutions.

Inna Uretsky, Sabon’s e-commerce and marketing coordinator, believes personalization is “crucial” in today’s retail marketplace. But it’s also essential, she says, that it works in real time.

Dynamic Yield created a layer on top of Sabon’s website content management system; pages can now be broken into distinct units that Sabon can directly update with various offers, including video and promotional content.

Because numerous variations can be used simultaneously, Sabon is able to try different messages based on automated algorithms. During the Black Friday weekend, optimizations were continuously generated, leading to increased conversions and sales.

“We were a little surprised,” admits Uretsky. “We were very happy with the results. With Dynamic Yield, we could make decisions in real time, and switch up copy and images right away.” Promotions remained relatively constant during that time period, but were presented in a half dozen different ways to individual customers.
 
Quick changes — especially those based on algorithms and not just “hunches” — can bring quick results.
 
Mobile Shopper

Opting in
Liad Agmon, Dynamic Yield CEO, says the company’s personalization solution works not only because it puts control in the hands of the retailer rather than the retailer’s developers, but also because customers as a whole are becoming increasingly impatient. Quick changes — especially those based on algorithms and not just “hunches” — can bring quick results.

The expectations are not just related to online. Ideally, what happens in the world of e-commerce impacts the store experience in a positive way. But some personalization solutions specifically target bricks-and-mortar.

Consider beacon technology, where an in-store device emits a radio frequency that can be recognized by an app on a customer’s mobile device. When that customer is close enough to the beacon, she can receive targeted messages and promotions.

Not long ago, there was concern that some shoppers would consider beacons an infringement of their privacy.

But “Since this technology does require an app, and the users have to download that app, and they have to opt in and have their Bluetooth turned on … the only shoppers who are getting these messages are the ones who raised their hands and said, ‘Yes, I’m open to this,’” says Rebecca Schuette, director of marketing for indoor mobile marketing company Swirl.

“Because of that, shoppers have been very happy to receive the content. We counsel our retailers to only share information that would be relevant and valuable to customers on their shopping journey.”

Many retailers are aware that beacons are hot technology and want to quickly get on board, Schuette says. But in some cases, they haven’t fully considered best-use case scenarios.

“The real magic happens when someone has thought it through, and asked, ‘What problem am I trying to solve?’” she says. “Am I trying to enhance the indoor shopping experience? Then maybe I place it in a certain department and offer up relevant content.

“If my intent is to increase conversion in the store, maybe I offer up messaging about a discount or deal that’s happening, which could then be redeemed at the cash register.”

In late 2014, Swirl released the results of a study of in-store campaign performance data and surveys of shoppers that had received recent beacon-triggered messages. The study showed that 60 percent of shoppers had opened and engaged with beacon-triggered content and 30 percent had redeemed beacon-triggered offers at the point of purchase.

In addition, 60 percent said they would buy more as a result of receiving beacon-triggered marketing messages; 61 percent said they’d visit a store with beacon marketing campaigns more often; and 73 percent said the content and offers increased their likelihood to purchase during the store visit.

Even so, Schuette says, beacon marketing is “still in its infancy.” The future beacon-enabled shopping experience will be able to couple a shopper’s location with the interaction he has had with the brand leading up to that point, including in-store experiences, mobile and e-commerce.

“When you can gather all of that together, then you can really drive personalized communication,” Schuette says.
 
Retailers should focus on gaining a clear and transparent view of inventory that’s as near real time as possible.

Visibility and technology
Future applications aside, some retailers are still challenged by what’s already available. Schuette’s advice? “Don’t wait. Consumers are ready for it. They’ve shown us that. But start small. And then be ready to scale quickly.”

Others take a more cautious view.

Kevin Sterneckert, chief marketing officer for OrderDynamics, is a former Gartner research vice president and lead retail analyst, past senior director of global product strategy at Oracle Retail and vice president of retail for DemandTec, and has held numerous retail management positions.

His perspective is that personalization can be “an incredibly expensive investment.” Retailers who jump on the bandwagon without having the correct infrastructure in place will only end up “advertising to their customers how messed up they are.”

If a customer is targeted with a specific product, loves it, wants to buy it and then discovers that there is no inventory or that it’s the wrong size or color, trust in the retailer quickly fades.

“Just like retail has always been, it’s all about the details,” he says. Rather than highlight the rising trend of personalization, he’s keeping a different list. First and foremost, Sterneckert says, retailers should focus on gaining a clear and transparent view of inventory that’s as near real-time as possible, have a true understanding of the return process and how it is impacting the business, reconcile their pricing strategies, and better grasp what their true costs are.

OrderDynamics works with retailers to create “seamless commerce.”

“We help retailers understand what to do given the conditions that exist,” Sterneckert says. “Instead of saying, ‘Here’s what’s happened,’ which most analytics companies can tell you, or ‘Here’s what might happen,’ something more predictive, we offer prescriptive analytics … . ‘Given what has happened, here’s what you need to do.’”

What retailers need to do, he believes, is get their houses in order.

Meanwhile, Oliver Jaeger, vice president of global marketing and communications for e-Spirit, isn’t advising retailers to wait when it comes to personalization. But he is suggesting they choose carefully.

“In order for retailers to delivery personalized content you have to have the right technology,” says Jaeger, whose company offers FirstSpirit, a web content management system that integrates with leading e-commerce systems as well as customer relationship management, search engine optimization tools and the like.

The biggest challenge in the area of personalization, he believes, is the ability to turn customer touchpoints into customer trust points.

“Make sure you are not stalking your customers,” he says. “Personalization is great if your customers accept it, and they will only accept it if they see value in it. If they feel you are invading their privacy with unwanted offers, you will turn them off to your products or services. Make sure you are providing them with valuable information at each touchpoint they have with you along their customer journey.”
 
Wood Hangers

Achieving authenticity
As we all know, trust is a necessary component of any relationship — be it customer and retailer or retailer and solution provider. So is planning for the future.

Robin Copland, vice president of retail for the Americas for software development pioneer ThoughtWorks, believes personalization efforts will only take a retailer so far; his company already is looking beyond it toward authenticity.

Efforts at personalization can still feel too broad; even beacons, he says, “are still mass market, to a certain extent.” With one client, the approach was to take what it already was known for — legendary customer service — and extend that experience online to create consistency and authenticity. Luxury apparel company Mitchells worked with ThoughtWorks to create a website that offers the ability to work directly with its style advisors just as if you were in a store.

Within the first two months, there were more than 1,000 back-and-forth communications with customers, creating a different kind of personalized service. Those communications move beyond product recommendations to help establish loyalty and brand ambassadors.

For anyone who’s been paying attention, however, the signs of current and future definitions of personalization have been there all along.

In 2007, PricewaterhouseCoopers and TNS Retail Forward envisioned the retail landscape of 2015. They forecast changing demographics, strategic outsourcing, targeted collaboration, retail outlets, a rising importance of technology and the critical need to keep customer purchase data safe and secure.

But “Retailing 2015: New Frontiers” also imagined a “new consumer,” one who would “not be easy for retailers to understand or master.”

“The value proposition guiding their product purchases is changing; consumers will put heightened emphasis on personalization, look for opportunities where their input matters, and value product and service solutions,” the report states. “Consumers are increasingly proactive in their purchase decisions and selective about with whom they want to do business.”

And, apparently, how they want to do it.

To view the original article please visit: https://nrf.com/news/downright-personal

Monday, March 16, 2015

How To Drive Massive Referral Traffic From Pinterest In 2015

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How To Drive Massive Referral Traffic From Pinterest In 2015

There was a time not too long ago when you could solve your traffic problems by simply churning out more content and spending money on PPC ads.

And that approach may still work if you’ve got a lot to invest.

But even if you do, such methods of driving traffic have lost their mojo. Less and less people are clicking on ads. Instead, they are turning on, and tuning in … to social networks.

While several marketers and businesses have realized the notion and turned their attention to social networks as a means to drive referral traffic to their sites, many continue to make the mistake of placing the majority of their focus on Facebook and Twitter. As a result, they are missing tons of traffic that should be theirs.

I’m talking about Pinterest as an often-disregarded source of social media referral traffic.

Here’s why you should take notice: Pew Research revealed that Pinterest is rising in popularity and has even surpassed Twitter. Pinterest used to be about women but the social network has men as its fastest-growing demographic.

What’s more intriguing than the rising popularity of the pinning platform is that Pinterest brought in more than 3x the traffic of Google Plus, YouTube, Twitter, StumbleUpon, LinkedIn and Reddit combined, according to Shareaholic’s Q3 2014 Social Media Traffic Report.

However, these stats aren’t the only reason to consider Pinterest. Internet users are naturally drawn to attractive, high-quality visuals. They process information quickly when it’s presented in the form of images and they’re more willing to engage with such content. What does this mean for your business? On social media it’s a general rule that the more engagement there is with visitors the more referral traffic you’ll get back to your site.

 

Getting started on Pinterest

Sign up to Pinterest with your email, Twitter, or Facebook profile. Use your business name as your username, and fill in the rest of the details – company logo, description, and website URL.

For the profile name, you can use your business name + a keyword. So if you’re a coffee shop and your business name is ‘Breco’, use ‘Breco Coffee shop’ as your profile name. Follow the same rule for the ‘About’ section of your page; you can also include a call-to-action such as ‘visit our site for more’. Verify your account so that it appears in search engine results.

Creating a profile on Pinterest

Next, you create boards for the content that’s published on your site. If your site’s content is published in different categories, you can create a board for each category. Name the board after the category to make it easy for followers to filter content according to their interests. In the board description, you can mention keywords and call-to-action.

ThinkGeek is a great example of how to name and categorize Pinterest boards.

How to categorize Pinterest boards

Create boards that resonate with your content categories and overall business.

 

Actionable Ways To Drive Referral Traffic From Pinterest

So how do you make the most out of your presence on Pinterest, and increase referral traffic to your site? Here are a few practical tips to help you drive more traffic:

 

1. Display the official ‘Pin It’ button on your site

The ‘Pin It’ button will let your site visitors add things from your webpage to their Pinterest accounts. When they do, their followers are likely to see your site’s content as well. You can get the Pin It button from Pinterest by filling out the information. You can select from different Pin It images or even create a custom image.

The Official Pin It Button for websites

After you generate the code for the widget, add it to your site. Here’s how the ‘Pin It’ button appears on Geekalerts.

Geek alerts displays the Pin It Button on its web pages

The Pin It button will serve as a visual reminder, making it easy for visitors to pin images from your site, which will drive referral traffic from their accounts.

WordPress users can also use the jQuery Pin It Button for images. The plugin is used by popular sites such as SocialMediaExaminer.

 

2. Optimize your visuals

As Pinterest is all about images, you’ll need to come up with great visuals to entice people on the network. Here’s how you can optimize your visuals to increase their chances of being repined:
  • Pin videos directly on Pinterest
  • Use a watermark on your visuals
  • Use the 2:3 aspect ratio for images (aim for tall than wide)
  • Covert multiple images into infographics as long visuals get the most repins and traffic
  • Try not to use real faces. Images without faces receive 23 percent more repins
  • Use a clever mix of pictures, text overlays, and step-by-step instructions to create sharable images. These may also be called ‘how to’ images or ‘tip’ images
  • Use dominant colors in the images
  • Use PicMonkey to optimize the template of your visuals
Facebook advanced marketing expert Jon Loomer shares long-length images on his Pinterest account.

Long length pins get more repins

And here’s an example of an image with dominant colors from Paula Deen’s account. This image was repined 307,000 times.

Use dominant colors to optimize Pinterest images

Utilize these tips to create the most sharable images.

 

3. Include a link to your site in the pin and its description

One of Pinterest’s best features is that it gives you the option to relay images back to your website. To redirect an image, you need to edit the pin, and modify its source. Pinterest gives you the option to change the source of any pin you’ve uploaded.

Edit pin source on Pinterest to insert site link

The retail giant Target does this on its images uploaded to Pinterest. When someone on Pinterest clicks on the image, they are redirected to Target’s webpage. Here’s an example of such an image redirecting to Target’s store.

Target includes its site's link in its pins

Similarly, putting your site’s URL in the pin’s description can drive more traffic to your site. This will be helpful in attracting traffic in the form of visitors who are using Pinterest for the first time and may not click a pin twice to go to your site (two clicks are required: the first enlarges a pin, and the second takes a visitor to a website).

 

4. Engage with followers

To turn Pinterest followers into site visitors, you need to engage with them. You can increase engagement by pinning consistently so that pins appear in the feeds of your followers. If you can’t find time to pin regularly, you can schedule pins with Tailwind or Viral Woot.

You should also check pins and boards of your followers and repin content that’s relevant to your business. It’s also a good strategy to repin content from influencers – it would be a major boost to your Pinterest referral traffic if they return the favor. For instance, Williams Sonoma invited Jennifer Shea, baker and business owner, to create a board for parties and occasions.

Commenting on other pins will also drive engagement, and after you develop some authority, you can also leave a link to your site in the comments section (don’t do it quite often or when you’re just starting out on Pinterest as your effort can be flagged as spam).

Another viable strategy is to check what is being shared on your Pinterest page and pin new content around that theme. Those with a verified business website can check analytics or you can conduct an audit via www.pinterest/com/source/yourdomain.com.

Starbucks does a great job at Pinterest engagement by pinning images related to their coffee items and community. On a board titled ‘Coffee Moments’, they pin pictures of customers enjoying coffee and creative images of coffee.

Starbucks community engagement on Pinterest

Another thing you can do to involve your community is create group boards. These boards can compromise of staff, contributors & followers, and they can be kept open for anyone to join. The contributors to your group boards can become brand ambassadors, promoting your site’s content on your behalf. Lastly, contribute to other boards where you can occasionally post pins that include your site’s link.

 

5. Host contests

Contests are a convenient way of attracting more engagement, traffic and followers directly to your Pinterest boards and indirectly to your site. Read Pinterest’s guidelines on hosting contests before getting started.

One way of getting Pinterest traffic to come to your site is by engaging visitors with your site-hosted contests. This only requires you to pin the contest in one of your Pinterest boards. But let’s talk about how to host a contest directly on Pinterest.

For instance, you can create a contest board named after your business and ask participants to submit their favorite items directly from your website (so that the URL is included) in that board along with a comment of why they like the item. One or more than one individual with the best comment(s) can be announced the winner.

Additional tips
  • Create a buzz about your contest by promoting it to your email list, other social networks, and website visitors
  • Offer an excellent prize. If you don’t have a big enough budget, you can give away discount coupons or merchandise
  • Mention the date at which the winner will be announced
A great contest example is HP SpectreXT Laptop contest on Pinterest. It was engaged with by Pinterest users who were asked to create boards based on weekly themes to win a $500 Amazon gift card or the laptop itself. HP posted a theme on its dedicated web page where participants were asked to create boards based on the theme, as well as a pin featuring the laptop. Users were also required to create a login to submit the URL to the board through the site’s page, and public votes were used to determine the winner each week.

HP Used Pinterest Contest To Drive Traffic To Its Landing Page

The takeaway? HP incorporated a landing page of its website into the contest strategy, which was enough to drive traffic to its site. Participants visited the landing page to learn contest rules, and other people also visited the site to submit their votes.

You can use apps like Wishpond or Gleam.io to organize your contest and promote it on other digital properties you own.

 

6. Leverage rich pins

Pinterest introduced rich pins to let certain businesses include more details about pinned images and integrate the Pin It button with mobile applications. Pin categories that display more information include: recipes, movies, and products.

The difference between a regular pin and a rich pin is that the latter shows the pricing and has a direct link to the website’s product page. Regular pins require you to enter the price manually and people are only able to see the link when they hover over the product image.

Rich pins can also be used by business owners who sell items on eBay or Etsy. Pinterest has a detailed page stating how a business can apply for rich pins. The benefits include improved discoverability, better CTR, and increased referral traffic to product pages.

Another standout feature of rich pins is email notifications when the price drops. This is called the ‘real-time pricing feature’ of rich product pins. So if anyone pins a product from your product page, and a week later you drop the price, that user would get an email notification of the price change. This means even if someone is not on your email list, rich pins will drive pinners back to your site.
Several online retailers use rich pins to drive traffic back to their sites. Here is an example from OverStock’s Pinterest page.

Rich Pins drive traffic to product pages

 

Over to you

I hope these tips give you some inspiration to boost your Pinterest referral traffic. When you implement them, measure the metrics within Pinterest analytics to determine what is working best for you.


To view the original article please visit: http://www.elegantthemes.com/blog/tips-tricks/how-to-drive-massive-referral-traffic-from-pinterest-in-2015

Wednesday, October 1, 2014

3 Ways to Attract Repeat Customers

Written by: Nicole Leinbach-Reyhle

There’s a misconception in retail that you need to gain new customers all the time when in reality, repeat customers are what any business should aim for. Of course, gaining new customers along the way should remain on any business owner’s to-do-list – but if you treat all customers in way that makes them want to return, merchants are more likely to gain long-term success.
Below are three strategies to help retailers and other small business owners alike in combating “one and only” sales and instead gaining repeat, loyal customers.

Employee Engagement 
Many businesses overlook the value of their employees and the impact they have on their customers. Particularly in retail, restaurant and service oriented businesses, employee and customer engagement is a key piece to the customer loyalty puzzle. The reason for this is actually very simple. People like to go to places that they enjoy, and they like to go places even more when they respect and enjoy the people who work there. This includes the employees – not just the owner or manager – whom they engage with.

Making employees a priority through customer service trainings, expectations and overall store standards can help create a destination that customers will enjoy not only for the product or services offered, but for the employees, as well. Setting standards within your own hiring and training habits can strengthen this, while delivering quarterly, bi-annual or at the very least, annual reviews can help, also.

Customer Value 
The Barking Cat storefront in Salem, MA is well known for it’s outstanding customer service and in return, repeat customers.
Christopher Barnard, President and Co-Founder of Points – a company dedicated to making loyalty programs more valuable and engaging – believes that offering rewards, miles or “points” is key in attracting repeat business.

“Today’s shoppers are looking for more than just products to buy: they’re also looking for points, miles and rewards to accompany their purchases. At Points, we recently surveyed over 1,500 loyalty program members from across North America to learn more about the ways that consumers want to earn with their favorite loyalty programs. The results revealed that the majority of shoppers have redemption goals in their programs (81%), and they are willing to work toward them. 66% percent of consumers agree that earning even small amounts of points or miles in a loyalty program is important to them,” explains Barnard.
Product Knowledge
Let’s face it – if you’re a small business owner competing with the big dogs like Walmart, Target TGT -0.97% or any other nationally recognized business, you have a few disadvantages at your side. This said, you also have countless advantages to your side… such as knowing your product or services offered better than anyone in your marketplace. By positioning your brand, store or business as a leader in product knowledge, customers will return to your business for stronger support, trusted expertise and valued insight over your competitors. Plus, this also puts you in a position to gain media attention by becoming your local market’s go-to-resource whenever it comes to needing insight on what you sell.

With this in mind, sharing your expertise is also a great way to lure consumers of other businesses to yours – particularly when combined with stellar employees and reward based incentives. In fact, the Points study mentioned earlier also revealed that 69% of consumers said they would break their own habits and buy a different brand or from a different company to earn more points or miles.  As Barnard explains, “this information can really help pave the way for retailers and merchants that are interested in developing a loyalty program to woo shoppers.”

To view the original article visit: Forbes