Got Milk? - The Indian Dairy Context.

Monday, March 19, 2012

Key Points About Integrating Traditional and New Mediums

Some brands have been forged in the digital fire while others have had to (or eventually will have to) jump into it. The biggest problem Michael sees here is we are trying to treat these two entities as one.

These are two very different situations and need to be treated as such. Those outside the bubble, who did not build their business in these channels are interested in what digital has to offer, but they don’t always need it just yet. It’s not that there isn’t a juicy opportunity, but balancing multiple channels (especially a mix of traditional and digital ones) is no easy feat.

Michael writes that we often try to show traditional brands the success digital brands have experienced. It is alluring, but it isn’t always relevant. Rather than enticing prospects with purely digital examples like Zappos or even those who have long had digital efforts like Levis, one needs to understand a few key points illustrated wonderfully here in a recent post by Michael Schechter.

Digital Marketing Outlook. 2012.


Thursday, February 23, 2012

Digital Marketing Spending to Increase Across All Channels

While traditional digital channels such as search and email continue to dominate retailer marketing spending, social and mobile channels are growing in importance. Marketers are also seeking to improve data analytics capabilities to identify the most profitable channels and design the optimal marketing mix for driving engagement and sales. These are the top-level findings of a recent survey of 110 retailers conducted by Lauren Freedman and the e-tailing group, an e-commerce consultancy for merchants.

The report, “Surviving the Current Market Mania with a Solid 2012 Plan,” was sponsored by Bronto Software, the leading marketing platform for retailers and other commerce-focused companies. The free report is available for download at bronto.com.

Regarding revenue generation, merchants surveyed said that they expect top-performing channels will be SEO (31%), Mobile (mCommerce, iPads, mobile application – 30%) email (22%), paid search (22%) and social media (14%).

Saturday, February 11, 2012

Google unifies mobile, desktop Web experience with Chrome for Android

The newly introduced Chrome for Android mobile browser will enable Google to differentiate Android from iOS and could open up new marketing opportunities for brands. 

Chrome for Android, which Google introduced earlier this week, enables users to take a personalized Web browsing experience with them as they move from desktop to mobile and back again. The browser aims to simplify mobile Web use, therefore potentially encouraging users to spend more time on the mobile Web. 

Chrome for Android could open up new marketing opportunities for brands by enabling a more seamless cross-screen experience for users. 

While the experience between the desktop and mobile devices is currently disparate, with Chrome for Android, users can have a single experience. 

Sunday, January 29, 2012

70% impulse purchase - no more.

70% of the brand decisions are made in the last mile - we have been following this "theory" for years and I have written plenty about it on this blog. Retailers and brands have taken it for granted that attractive presentation and packaging profoundly influence most shoppers’ purchasing decisions. 

While Paco Underhill in his bestseller Why We Buy: The Science of Shopping, described supermarkets “as places of high impulse buying…. 60% to 70% of purchases there were unplanned, grocery industry studies have shown us.” These prompted retailers to devote ever growing resources to in-store promotion.

However, new(er) research by Wharton marketing professor David R. Bell differs with Underhill, describing the idea that most supermarket purchases are unplanned as something of an urban legend. In a new research paper, “Unplanned Category Purchase Incidence: Who Does It, How Often and Why,” Bell argues that the amount of unplanned buying is closer to 20%.

The above research is extremely significant and while I still believe that the "last mile is the new prime time" (when compared to the traditional TV prime time), there are a number of reasons for Prof. Bell's findings to be relevant today. One of the primary reasons is the emergence of the internet as the Zero Moment of Truth for brands and its impact on the First Moment of Truth in the store.

The shopper today walks into a store with far more per-purchase knowledge, recommendations & peer suggestions than was possible in the times when "Why we buy" was penned about 12 years ago. It is time to dump the 70% theory and focus on multichannel strategies and web-influenced retail sales.