Category Archives: Marketing, Branding, Sales, Advertising, eCommerce & Social Media

4 Myths of Global Branding

Are you global or plan to be so?   Read this –  another line item in your global checklist.

Excerpt:  But as the barriers to global commerce have fallen complexities of global branding have taken their place. In today’s global economy business needs to be nimble enough to rapidly take advantage of new markets and opportunities as they arise. All too often these fleet-footed businesses are being slowed or sabotaged by hurdles they face when attempting to use their brands on a more global scale.

In this regard, I have assembled the four most common myths about global branding that I encounter almost on a daily basis.

Read full article via 4 Myths of Global Branding | Inc.com.

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Traditional Marketing Planning Is Wrong for Your New Venture – HBR

Good read — however, for those with current startups and small businesses if you have not already realized this, you may just be LUCKY to be here.

 Excerpt:  Traditional marketing planning (TMP) activities have been a mainstay for the past four decades, but the theories behind them have limited relevance for new ventures facing extreme uncertainty. The old routine of analyzing existing markets, predicting an optimal outcome, and then designing marketing plans to capture that outcome is too slow and cumbersome for today’s startups.

To be successful, new ventures must eschew these theories and instead rely on effectual marketing planning. This strategy uses a different set of management processes focused on speedy action, learning through failure, and a premeditated approach to market experimentation that creates instant feedback. It can help new ventures be more successful, more informed, and more fully understood.

Read full article via Traditional Marketing Planning Is Wrong for Your New Venture – Peter Whalen and Samuel S. Holloway – Harvard Business Review.

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Filed under Entrepreneurs & Startups, Marketing, Branding, Sales, Advertising, eCommerce & Social Media, Small Business

45+ Social Media and Digital Marketing Events

Are you on their notification list?   We have posted his event board before, here is the current introduction and news.  Good to check out the board frequently and follow  — for all entrepreneurs and small business.

Excerpt:  Whether you’re looking to make industry contacts or learn the latest trends in advertising, technology and media, Mashable‘s Events Board has something for you

Check out full list via 45+ Social Media and Digital Marketing Events.  From Mashable

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The Conversion Rate Optimization Report 2012 (Infographic)

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Why Price Match Guarantees Can Be Bad For Consumers – HBR

A push toward price matching a competitor  –  article describes the results could be a much bigger problem.  Sales management

Excerpt:  So price matching policies are good for consumers, right? Not necessarily. Consider the following three reasons:

Read full article via Why Price Match Guarantees Can Be Bad For Consumers – Rafi Mohammed – Harvard Business Review.

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Why Trade Shows are Still Important to a Business

Guest Post

Trade shows are an important way for many businesses to boost their marketing efforts, reach vast audiences and improve sales. Regardless of what industry you work in, they are a vital tool for any company to influence prospective customers and progress revenue.

You can enhance your firm’s status by exhibiting at a trade show and here are 6 key reasons why you should consider displaying your products or services at a local exhibition:

  • Professional platform
    Anyone who is serious in the industry will be at the event so if you want your business to improve its reputation as a professional contender, you need to attend. It is a great way to scope out your competition and evaluate their products/services! Maybe you can learn something to improve how your own firm works?
  • Wider audience
    The fact of the matter is trade shows can give you the platform to reach wide audiences and boost your presence in the industry. Thousands of people visit such events so imagine the limitless possibilities? You wouldn’t get the same opportunity anywhere else.
  • Evolution of needs
    Nowadays, more and more people utilise the internet and it is vital for any business to succeed to have a presence online. Society’s needs have evolved and this is heightened more so with the help of social media. Integrate this into your marketing by talking about the event and sharing news and information on the World Wide Web. Tweet about the show’s guest speakers, interact on Facebook and post pictures on Flicr.
  • New prospects
    The potential of new business is outstanding at exhibitions; you can introduce new products/services, gather leads and build relationships that could turn into project work in the future. The opportunity to score new contracts and win work is vast- you would be unwise not to take advantage of such a break.
  • Extra press
    Online PR is a fundamental marketing tool for many firms across the world and when delivered correctly with further techniques like social media and search engine optimisation (SEO), it can boost your promotional efforts. Attending trade shows offers a business extra press and media attention and this is hugely beneficial to control the online perception of your business.
  • Research
    Various surveys and studies have proven how helpful tradeshows can be. Findings published by Trade Show Teacher reveal that 86% of people believe that trade shows help their company make buying decisions; almost 90% admit it helps them to stay up-to-date on the latest industry developments and trends; and 88% confessed that it saves time by bringing all vendors under the same roof at the same time.

Furthermore, 62% say they save money because all the vendors are in the same place at the same time; and 84% like the fact that they have an opportunity to discuss ideas or problems with other industry professionals. You can speak to them and get advice- after all, everyone is in the same boat!

This article was written by Display Wizard, the UK specialists in display stands and banners for exhibitions and events. Find out more here on how the leading experts can help to boost your marketing efforts at a local trade show and check out the extensive collection of exhibition solutions today.

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New Marketing Rules: When Social Media Spins Out of Control – Knowledge@Australian School of Business

More information and advice as we progressively establish the best practices of this new world of ours.

Excerpt:  Marketers are in a spin following the Advertising Standards Board (ASB) ruling that brands are responsible for user comments posted on their Facebook pages, and an Australian Competition and Consumer Commission (ACCC) warning that court action can result for larger organisations if inappropriate material is not removed quickly. What do the rulings mean for the future? To what extent can companies control what customers and advertisers say on their Facebook pages or on other social media?

Read full article via New Marketing Rules: When Social Media Spins Out of Control – Knowledge@Australian School of Business.

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Doctors Tell How They Use Social Media as Professional Watercooler

Our physicians are beginning to get the idea and use the tools available.  I can only believe the benefit to our healthcare will be improved

Excerpt:  The social media world is such an intense, immediately responsive place that you can have tremendous amounts of traffic pointing out the good and bad about an article itself technically, about the concepts that were put forward, and about potential flaws that were in a paper,” said Dr. May, a cardiologist from Lewisville, Texas.

Like Dr. May, many physicians have turned to social media to help them manage the overwhelming amount of new information they need to know to provide quality care.

Read full article via Doctors tell how they use social media as professional watercooler – amednews.com.

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Increase Your Revenue $$ With Gift Cards (Infographic)

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Find more amazing infographics on NerdGraph Infographics

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15 Fresh Resources for Increasing Ecommerce Conversions

Recommended for 15 resource links with good information each.  Website, retail, ecommerce — getting ready for the Holiday Season.

Excerpt:  So apparently no one knows how to spell Ecommerce correctly (eCommerce, E-Commerce, e-Commerce, ECommerce) having said that, after reading these 15 recent & insightful posts you’ll be such an e-whatever expert that you won’t care how it’s spelled.

Read list and links here via 15 Fresh Resources for Increasing Ecommerce Conversions | Unbounce.

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How to Increase eCommerce Conversions during the 2012 Holiday Season

Good detail and examples in this how-to article for all ecommerce.

Excerpt:  Even though it’s just now October, this is the time to start thinking about ways to attract shoppers and boost conversions over the upcoming holidays. Competition is going to be fierce, particularly online where offers of free shipping have consistently trumped all other holiday promotions in the past. Online retailers have set the bar for what gets customers to convert, and they are considering sweetening the deal with free returns as well.

But even with these best practices in place, what else can you do to make sure your holiday ecommerce launches are a success? Here are a few up and coming trends to consider:

Read full article via How to Increase eCommerce Conversions during the 2012 Holiday Season. From KISSmetrics

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5 Ways to Detect Lying Clients by Reading Their Facial Cues : Marketing :: AMEX

This is interesting.  Learn the basics in reading your customer’s or potential customer’s  facial expressions.

Excerpt: The truth lies not in what people say. It is what they say and what they do while they say it that speaks the truth. The truth is revealed through microexpressions, subtle changes in the face that happens for only a fraction of a second. A microexpression is just like any other facial expression (e.g. a wide-open, slacked jaw expressing utter surprise) it is just expressed momentarily, before the person “recovers” to a lying expression that matches their lying words.Once you understand how facial cues work, you can match your clients’ words to their actions and “hear” the truth every single time. Here’s the beginner’s guide to reading facial cues and what your client is really telling you.

Read full infographic here via 5 Ways to Detect Lying Clients by Reading Their Facial Cues : Marketing :: American Express OPEN Forum.

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Don’t Make These Mistakes When Entering a New Market – HBR

Marketing and sales.  Great how-to lessons in this article.  What looks good on paper may not be!

Excerpt: Before targeting a white space do a simple thought experiment: put yourself in the shoes of its natural “owner.” As Innosight Ventures Partner Pete Bonee explains it, “Ask yourself, with some degree of discipline: Why hasn’t this been done before? Who are the people who might have done it? Did they try? Why did they or didn’t they? If the business opportunity is obvious to us why hasn’t it been obvious to other smart people? What do they know that we don’t?”

Read full article via Don’t Make These Mistakes When Entering a New Market – Scott Anthony – Harvard Business Review.

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5 Free Marketing Tools from Google You Need to Know About

Were you aware of these tools from Google?  If not check them out via link.

Excerpt:  With more than 1 billion search queries submitted to Google every day, Google houses a lot of data. Luckily for marketers, Google offers some great tools that provide access to this data. And they are free!

Check out these five helpful tools:

Read full article via 5 Free Marketing Tools from Google You Need to Know About | The Daily Egg.

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The Ins and Outs of Creating a Saleable Product

Guest Post by PR Food Company (see byline)

“You can’t sell ice to Eskimos,” as they always say – even with the smoothest sales pitch, the product itself needs to be worth buying in order to secure a sale.

But there are certain products that push even the limits of this tongue-in-cheek rule, such as the successful market for bottled water, a commodity that literally falls from the sky on a daily basis.

So how do you eke the maximum possible success from your new product? Well, from its initial formulation, to appointing a specialist food PR company – here are just a few things to keep in mind.

1. Source Your Ingredients

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Whether you’re manufacturing foods for retail sales, working in a hospitality environment, or even supplying ingredients for use further down the supply chain, think about where those ingredients come from.

More and more people now look for ethical ingredients – Fairtrade, organic, or simply locally sourced produce are all watchwords in the modern food and drinks industry.

2. Carve Your Niche

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On top of the credentials of your ingredients, think about what niche your finished product is filling. It doesn’t need to be rocket science – The Saucy Fish Co. are an example of how a simple idea – packaging fish with sauce – can create a distinctive and successful business model almost without any effort.

3. Choose Your Allies

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It’s not just about finding customers – you can also partner with other producers to show off your goods in knockout pairings.

Fish and chips, strawberries and cream, wine and cheese – food and drink have gone together in perfect pairings for generations, so if you’re producing half of one of those classic couplings, think about teaming up with another producer who complements your product range.

4. Plan Your Launch

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Once you’re ready to launch your product, make sure you’ve planned when, where and how you’re going to do it.

From high-street samples of energy drinks, to farmer’s markets and invitation-only restaurant launches, there are countless options open to you, whatever food or drink you create.

5. Expand Your Range

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Got one good product? As it becomes better established, you might want to start thinking about expanding your range into related areas or different flavours.

The same rules apply – make sure you’re building on your brand’s existing credentials, and filling a legitimate niche, and your new products have a greater chance of success.

6. Find Your Voice

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Even if your product doesn’t have a distinguishing element of its own, you can create a unique identity through your marketing efforts.

Take Innocent Drinks as an example – simple smoothies, but instantly recognisable by their quirky packaging, chatty text style, and underlying commitment to environmental issues.

7. Tell Your Story

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Food is a uniquely emotional industry – people are passionate about good food, and that includes the people who produce food and the people who consume it.

If your business has its own back-story – like Levi Roots’ Reggae Reggae Sauce – don’t be afraid to put that passion on display and let people know that a real labour of love went into your recipe development.

8. Spread the Word

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The best of products is no good if nobody knows it exists. Get the word out there about your new delicacy, whatever it may be.

Whatever your area of specialty, there’ll be a marketing company out there to match it, and that gives you the best chance of promoting your product in a way that connects best with your target audience.

This article was presented to you by food PR company – Sauce Communications in London’s Woodstock Grove studios, a specialised food and drink public relations agency, marketing, branding and design consultancy for bars, pubs restaurants hotels.   Sauce Communications have worked with top-name chefs, Michelin-starred restaurants and premium drinks brands, among others.

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