Thursday, 10 November 2016

Digital Marketing v/s Traditional Marketing 


Spending on digital marketing is predicted to grow 12% in the next year, while budgets for traditional (non-Internet) advertising will fall 2%. (The CMO Survey)

Many business wants to leverage on the fact that many social media channels allow to have their profiles at no cost. These channels give them the opportunity to do marketing at no cost or at very less cost compared to traditional marketing options like newspaper, journal, banners, hoardings, etc.

Growing smart phone users and increasing internet penetration is a boon to many businesses to reach out to mass even many miles far away which otherwise they wouldn't have achieved with traditional medium. Advantages like these are numerous and hence it makes sense to every business to have presence over multiple channels of social media.

Image Source: Life Q&A

So does it mean businesses should give up going traditional marketing, which they have been following since ages. Many are used to conventional marketing tools and most loyal customers wish to learn more about their favored brands majorly through this route. While many consume social media, there is still a large chunk who haven't started consuming or just started getting used to digital media.  It also depends on category which you belong to, for many industries conventional route gives allows them to achieve their targets. Though Digital Marketing is on rise, it's may be still too early to give up conventional marketing

There should be a balance between two and integration of multiple channels poses challenges in terms of consistency of message conveyed or perceived across these channels in communication. Knowledge in IMC will be of great help while going for marketing across channels. It basically emphasizes on the fact that you need to give importance to brand strategy and its objectives in mind while taking the route of multiple channels.

When you Toss- sometimes calling head or tail is just not an obvious answer.

Wednesday, 9 November 2016

How to conduct testing for effective Email Marketing?

Email Marketing is the main source of primary communication across businesses. It had gained huge significance over the years. For many it is a way to keep updated with their schedule, meetings, deadline, etc. Also, many cannot just ignore keep looking their inboxes and usually prefer to have it cleared. 



Given the availability and reach it is usually a great marketing tool to many businesses to pitch, send proposals about their product or service offerings. But while doing so, it has its own limits. One cannot just send a promotional mail without due diligence. Reader prefers to receive less mails and definitely doesn’t want to get his mail inbox flooded. It will also create problem of spam or junk due to filters from mail service provider.

So how do you go about this given the constraints? Best way is to send mail to relevant audience with appropriate precautions. But nothing is perfect or there exists a standard way to conduct it. All you have to do is undertake testing.

One major popular testing method is Split test or A/B testing



Here you create multiple versions of mail templates, with varied subject line, content, body, timing, etc. and you see which one is working better by tracking the performance. Upon frequent trails, you can get a couple of good template which will actually work and result in more business. 

Here also there is need to consider consumer behaviour, segmenting audience, personalized content design, etc. for bringing in more strategic approach. As you go along you may need to consider the dynamic nature of email standards in accordance with the timeline. 

Of course, you pass the test and get desired results only when you give it a try.


Is Preheader the key to Unlock full potential in Email Marketing?


So how many and how often you receive mails each day? Answer is obviously Numerous, including mail form friends, colleagues, travel offers, restaurant menus, credit card offers, coupons, recommendations online shopping website, unknown junk mail, spam mails and so on, in simple words the list is endless. 

So how do you decide to open a mail or just ignore it. Subject is the first thing you see, is subject only determinant? May be or may not be. But there is something else over there called Preheader which is basically the first few lines of mail you can see just after the subject line.



So how important it is to have a good preheader which serves the purpose of increasing open rate of emails. How do you take advantage of this? Of course, you need to proceed strategically so as to get maximum benefit out of it. 

So how do you proceed? You can implement the following options,
  • make the preheader be in sync with your subject line,
  • write something which call immediate attention,
  • write in way so it makes the reader desire to know more,
  • write about the recent trending news related to your product or service offering,
  • breaking news, celebrity talk, gossips, etc. 
  • great or big discount offers, etc. 

there will be plenty of the options, it depends on many parameters and it is suggested to choose the best relevant one. 

While you do so you can see for yourself how much of the preheader is actually visible across devices and how does the message convey when in sync with subject line. Make it relevant to the audience considering their interests, you can even implement segmentation if you feel your message is targeted to a particular audience.

Don’t forget that the reader decides whether to open or ignore the mail in just few seconds. If you do it right you are the winner. 

Tuesday, 8 November 2016

Can Digital Marketing be a Life Saviour?


How often you open daily your Facebook or WhatsApp for that matter, you just have to tap on your mobile screen right? So how do you react if you face an immediate unexpected situation, open your mobile or start looking for help from others? What if there is no one?

Yes, your gut feeling says you are never alone right, what might be the reason? You guessed it right, your mobile makes you feel presence of something powerful. This is exactly what makes the difference in life and death situation. You have ‘n’ number of options call 911, 100, post in WhatsApp, call friend, or will you post it on Facebook or twitter for help (who knows what might be running in your mind).


So how can same thing can be used in major scale wherein hundreds or thousands of lives are in danger. Of course, Government or Media involvement is must here, but what medium should they use? Should they use only the conventional TV or Radio? Definitely yes, given it almost every household has a TV. But given the rising smartphone and internet users, they need to shift to digital platforms as well, perfect example is our Foreign Affairs Minister Ms. Sushma Swaraj using in dealing problems multiple times. Also, we all know what happened during Chennai floods recently. Because they just need to open the lock screen instead of turning their TV on it’s as simple as that right. 

Its reach is instantaneous, huge and viral at the same time. You can use sending alert through the digital platforms easily, quickly and efficiently. If it could save lives more quickly and effectively, than probably you can call a Life Saviour. 

Artificial Intelligence in Digital Marketing

"The development of full artificial intelligence could spell the end of the human race, "said Stephen Hawking in his interview with BBC, while we are still very far away from the development of a full blown artificial intelligence and it turning against us, currently at least, Artificial Intelligence or AI is being used in every field possible in order to make our lives more convenient.
So what is Artificial Intelligence?
Artificial Intelligence or AI is “The science and engineering of making intelligent machines, especially intelligent computer programs. It is related to the similar task of using computers to understand human intelligence, but it does not have to confine itself to methods that are biologically observable.”
AI is currently a buzzword in the field of technology, but it has pervaded almost all spheres of our life and when combined with Big Data and Data Analytics, it can become an extremely powerful tool in improving our lives. Given its utilitarian nature, the power of AI is being leveraged by firms all over the world to differentiate themselves from competitors, lower costs and offer better service to customers.


AI in Digital Marketing
With the growing importance of the online platform, all the firms are shifting away from traditional marketing and moving towards online marketing, otherwise known as digital marketing. In digital marketing all marketing activities are carried out online. The main advantage of online activities is the creation of huge amounts of data and the ease with which this data can be collected.  AI along with analytics tools could make use of this data to significantly improve user experience and thus create value for the firm.
The following are a few examples of AI is helping the Digital Marketer in reaching out to customers in a better and more efficient way
Optimization
AI is being utilized to increase the effectiveness of conversion rate optimization while speeding up the process through what is called as ‘machine learning’ wherein algorithms constantly evolve and improve to find the best possible combination of page components. AI-based processes are faster than AB testing tools as it allows the page developer to test a variety of page elements with a smaller sample than what is required to perform an AB test
Recommendations
Predictive Analytics can be used to recognize customer’s preferences and then provide relevant recommendations as to what they could do next, be it purchase decision or any other such decisions. An example of a website using this tool is ‘Youtube’ which, based on a series of videos you have previously watched recommends other similar videos
Ad targeting
By learning a consumer’s tastes and preferences and using this data in conjunction with the capabilities of AI, companies are hyper targeting customers. Each person will see a different ads based on what the AI considers the person is most likely to click. This specific targeting would lead to reduced costs as the marketers would now focus only on a few websites while increasing the probability of converting the click
Virtual Shopping Assistants
As the importance of excellent user experience and reactive customer services increase, firms are turning towards using AI-inspired virtual assistants to help customers find specific products, answer queries or simply teach users how to navigate the site.
This is not only providing customers with 24/7 self-service and customer care, but reduces the number of phone operatives required to answer query calls and therefore outgoing costs as a result.
Website design
While website design for ages has been carried out by programmers, thanks to advances in technology firms likes Grid, Wix claim to have developed technology that would enable AI to design your website. The process would start by asking the person a series of questions regarding their business, the type of website needed. It would then present the user with a combination of layout, design and content. However this technology is yet to be proven.

References: 

Monday, 7 November 2016

Digital Platforms as Engagement tools- Diwali Ad Campaigns

Diwali or Deepavali is one of the most prominent festivals of India. It is celebrated with great fervor and joy as it marks the victory of good over evil. Associated with so many beliefs, themes and messages, everyone patiently waits for its arrival. One can notice the air of joy and happiness all around. Markets are packed with happy looking faces gleaming at the joyful festivities. Diwali festivities are never ending and so is the Diwali shopping list. Diwali shopping marks the main sale season for businesses and each one tries to come up with innovative ideas and campaigns for its beloved customers.
Let’s now take a look at some of the Ad Campaigns launched this Diwali:
1)     Surf Excel #AbLagRahiDiwali

Surf Excel strikes an emotional chord with its Diwali Ad campaign by urging its audience to take a moment from regular celebrations to spread happiness outside the family. The central theme remains “daag acche hai”, with major focus on bringing joy in the lives of people who continue to work through the festive season.

2)     Tanishq- Aao Manaye #TanishqWaliDiwali

Tanishq-India’s largest jewelry brand launched its Shubham Gold Jewelry collection this diwali. Gold holds great sentimental value in the minds of people. Diwali marks the beginning of a new year and starting the year by following the age-old tradition of buying gold is considered auspicious and a sign of prosperity. This tradition is reflected in its ad campaign wherein Tanishq is encouraging the audience to buy gold for its loved ones this Diwali.

3)     Netflix India Diwali TVC 2016


Netflix launched its “anti-diwali-ad” ad campaign this Diwali. It takes on traditional clichéd Diwali ads, promoting its ad-free feature.

4)     Amazon


Amazon launched its new Diwali ad campaign wherein it promotes the diversity of products on its website and urges people to “not adjust”. The ad invokes the sentiment of gifting your loved ones this Diwali who work all through the year for you and expect nothing in return.

5)     OnePlus3 Dash Charge your Diwali

OnePlus launched its first short film on Diwali. The film weaves a story encapsulating the true spirit of the festival. With this, they have tried to integrate both cinema and advertising. The characters in the film are very relatable and the audience is able to connect to the emotions depicted.

6)     Snapdeal- Iss Diwali, Unbox Zindagi


Snapdeal positions itself as a platform that believes in the potential and dreams of its customers and partners them in their journey to a better life. The concept of communication is “Unbox Zindagi” i.e when a ‘boxed’ existence is opened up. It urges its audience to give their loved ones the gift of unboxing their dreams this Diwali.