Wednesday, September 19, 2018

6 Reasons to Put Marketing Asset Management on Your Radar

We live in the instant-gratification age. Whether we’re tracking a package or running a meeting, we expect instant status updates. When managing marketing assets and inventory, such real-time updates are not only convenient, they can help you run your business with greater productivity, increased brand control and at a cost savings.

As businesses grow, diversify, merge, expand into new markets, and so on, it can become challenging to manage all marketing processes and assets. This is where marketing asset management comes in. This online platform allows you to control all elements of your marketing program throughout their respective lifecycles, from creative, to acquisition, to delivery.

Marketing asset management is the ultimate convenience tool for business marketing: A real-time digital portal, it allows you to easily manage your marketing assets—ideal for these everyday scenarios:

1. When you need to maintain brand control
In today’s digital world, brand impressions are made quickly and have the capacity for instant and mass distribution on a worldwide scale. Control is a must-have for brand integrity: Marketing asset management gives you that command, with one portal that houses all collateral, campaign materials and online store inventory with real-time inventory reporting.

2. When you need to boost brand compliance
The platform allows you to manage or lock-in overall brand image/consistency while allowing certain marketing elements to be personalized specific to a region or audience, providing brand and message integrity in all markets.

3. When you need to simplify collateral management
Because all pre-approved marketing elements are uploaded and managed by one online program, it helps to reduce production costs and cut administrative time for a boost in productivity It also provides tracking data for greater cost control.

4. When you need to eliminate redundancy and versioning issues
No more obsolete collateral: With one central clearinghouse of all marketing elements, you get less waste, more accurate distribution of assets, greater control of “versions” to ensure messgage integrity and accuracy, and more precise tracking of information dissemination.

5. When you need to generate content fast
Today, information flows at near warp-speed, causing consumer dynamics to change at an ever-evolving pace. Marketing asset mangement technology gives you the tools you need to be proactive, and also to react to market changes in a timely manner. Print-on- demand; and manage distribution channels with 24/7 reporting functions.

6. When you need to launch time-sensititve promotions/campaigns/sales
Empower your local marketers, giving them the freedom to direct their message to make stronger customer connections: They’ll get more timely information, directed expressly to their local/regional audience, while still complying with corporate brand image guidelines.

If you’re looking for a smarter way to manage and maximize your marketing program, marketing asset management might be the solution for you. If you’re interested in learning more about how Shamrock can help, connect with me directly: emoriarty@shamrockcompanies.net.

Ellen Moriarty

Wednesday, September 12, 2018

Top 10 Marketing Podcasts

Today, more of us get our news and industry updates from digital channels. So, it’s no surprise that the popularity of podcasts is on the rise: According to Nielsen, 50% of all U.S. homes are podcast fans, with more than 525,000 active podcasts and over 18.5 million episodes (Fast Company 2018).

With all that content out there, how do you know which marketing podcasts are worth your time? This Entrepreneur article https://www.entrepreneur.com/article/293333 outlines the top 28 marketing podcasts for entrepreneurs. The list is comprehensive and, in addition to marketing thought leadership, also includes a host of freelance and business resources.

If you don’t have time to sift through all 28, following is my curated top10 list (with active links and summaries borrowed directly from the article): 

1. Unthinkable Podcast
One of the hottest new marketing podcasts out there, Jay Acunzo sails Unthinkable through the murky waters of content marketing and how entrepreneurs can create truly interesting and valuable content without falling prey to “hacks” and shortcuts.

2. The Marketing Companion
Boldly claiming to be the “world’s most entertaining marketing podcast," The Marketing Companion claims to bring laugh-out-loud comedy, “celebrity” guest appearances and cutting-edge marketing insights each episode. Hosts Mark Schaefer and Tom Webster combine to bring expertise and commentary which has attracted thousands of subscribers.

3. Six Pixels of Separation
Mirum President, Mitch Joel, brings you digital insights and media hacking insights and provocation from his “always on/always” connected world.

4. Social Pros Podcast
Social Pros is one of the most popular marketing podcasts, and was recently named the best podcast at the Content Marketing Awards. Listen for real insight on the real people doing real work in social media. You get the inside stories and behind-the-scenes secrets about how companies like Ford, Dell, IBM, ESPN and dozens more staff, operate and measure their social-media programs.

5. Duct Tape Marketing
Based on the book of the same name, this podcast covers simple, effective and affordable small-business marketing strategies.

6. Content Warfare
Content Warfare help brands and businesses find their audience, tell their story and win the battle for attention online. Host Ryan Hanley helps you create content that converts each episode.

7. Marketing Over Coffee
Marketing Over Coffee is audio on demand that covers both classic and new marketing. Hosts John J. Wall and Christopher S. Penn record the show in a local coffee shop every week and publish the show on Thursday mornings. Each show is about 20 minutes long and covers marketing tips and tricks in a casual conversation format.

8. Social Zoom Factor
SocialZoomFactor is a social media marketing, branding, business and lifestyle podcast created for you – the business and marketing leader at companies ranging from startups to enterprise organizations. Each episode brings you actionable tactics and strategies you can implement today for real business results. Host Pam Moore is CEO and founder of Marketing Nutz and was ranked as a Top 10 Social Media Power Influencer by Forbes.

9. Copyblogger FM
A short-form broadcast hosted by Sonia Simone. Each week, she and a cast of rotating experts analyze the week in content marketing, copywriting, email marketing, conversion optimization, mindset and much more.

10. Web Marketing That Works Podcast
Hosted by real-life marketing experts Adam Franklin and Toby Jenkins who authored a book of the same name, their guests discuss their failures and reveal the truth about what really works on the web.

Like most of you, I’m committed to continuous learning and these podcasts are excellent resources for new perspectives and up-to-date industry and technology trends. Are there any you’d add to the list? Join the conversation on our facebook page.

Ellen Moriarty

Wednesday, September 5, 2018

Grow With Who You Know: Marketing to Existing Customers

Do your marketing efforts focus on new customers—or on those who are already loyal to your brand?

The answer should be: both. When you consider that acquiring a new customer is five to 25 times more expensive than retaining an existing one (Harvard Business Review), it makes sense to focus on keeping the customers you have, happy.

According to an article in Marketing Land, marketing to existing customers drives business growth: In addition to recommending you to others, satisfied customers positively impact your bottom line in many ways:

•   They are more open to upsell and cross-sell opportunities, increasing their lifetime customer value.
•   They’re less price-sensitive because they know you’re worth it.
•   They are more resistant to outreach efforts by competitors.

Given these bottom-line benefits, it’s smart to develop concentrated marketing campaigns that connect with and engage existing customers. But where do you start? Consider these four questions:

Are we delivering on our brand promise?
A brand promise is a contract between you and your customers. It sets the stage for the experience they should expect to have. By evaluating your business objectives and comparing them against the customer experience, you’ll get a clear picture of what your customers are experiencing. Is your internal and external messaging consistent? Are you over-delivering in some areas and lacking in others?

By gathering feedback from these prompts, you can fine-tune your messaging and delivery, bringing what you do and what you say you’ll do into closer alignment, which equates to a better customer experience.

Who are our most satisfied customers?
It’s likely that you have a system in place to gather customer feedback. So, use that to you advantage in strengthening your brand story. Consider using customer testimonials, case studies, guest speakers, etc. to build your brand reputation and help you stand out among competitors.

Do we have a strategy for growing ancillary revenue from happy customers?
Are you meeting your customers’ needs? How can you provide greater value? At Shamrock we use Business Reviews: We crunch the data on previous orders/products/categories, etc. and provide these summaries to our customers. Then, we ask for feedback and take the opportunity to share our other products/services to cross sell and upsell. Always, you want those suggestions to be relevant to your customers.

What are our competitors doing?
Understanding the reasons why you win or lose business is an important to keeping customers happy and your company primed for growth.

How does your product or service stack up against the competition? What are they doing that you aren’t? What are your salespeople hearing from customers? Answering these questions will help to shape your view of where
you stand in the marketplace and can help identify areas that require greater attention.

To read the entire article, click on the link below:
https://marketingland.com/rise-retention-marketing-strategic-priority-2017-202503

Focusing creative efforts on customer retention benefits your bottom line. Are there other questions that you use to identify ways to provide a better customer experience?  I’d like to hear from you.

All the Best,
Tim Connor
tconnor@shamrockcompanies.net