Got Milk? - The Indian Dairy Context.

Saturday, November 3, 2012

Forget Engagement, Consumers Want Simplicity

Loved the recent article by Patrick Spenner in Forbes where he writes that brands are trying too hard to engage with consumers via social media and that marketers are generally pushing out too much information, causing people to over-think purchase decisions and making them more likely to change their minds about a product, be less confident in their choice and less likely remain loyal to the brand.

He commends that brands need to simplify the decision-making process, so much so that consumers actually think less about the decision. Marketers can do that in three easy ways by helping consumers: 
  • Trust the information they receive – providing recommendations by consumer advisors, ratings and reviews.
  • Learn effectively without distraction – simplifying the research process by offering clear and streamlined brand-specific product information targeted to each decision stage.
  • Weigh options confidently – making transparent buying guides and brand differentiated information easily available.
When used together, this approach is known as Decision Simplicity.

Not only is Decision Simplicity the number one driver of likelihood to buy, but the impact of simplifying purchase decisions for consumers is four times stronger than the favored marketing strategy of engagement.

So much for purchasing power parity.


Friday, November 2, 2012

Einstein Simplified!!

If Einstein can be simplified, I bet digital  marketing for FMCG / CPG brands can be simplified as well.

You would have noticed that it is difficult (if not impossible) to wrap up a digital / online marketing discussion, without learning a few extra jargons and tech-speak. All the jargon has a MEGO effect on me (`My Eyes Glaze Over') :-). 

If you are into jargons pick up a few from here.

The other interesting bit in most discussions is the "evasive action" when it comes to quantifiable returns from the marketing spends. 

At AaramShop, we have taken a few steps towards addressing this challenge by creating a marketing program which converts consumer touch-points (jargon 1) into shopper action-points (jargon 2) for FMCG / CPG brands. 

Talk to us about our Simplified Online Plan for FMCG brands (in India) and sign-in for the Step-Up Program. 

You are assured of time porn (jargon 3) 

Thursday, November 1, 2012

Online and Offline shopping experiences are blurring.


A new research from Google & Ipsos found that 80% of shoppers will research online for holidays shopping before making a purchase this season, and they switch devices to suit their needs. 

“For example, 51% of shoppers will research online and then visit the store to purchase, while 17% will visit a store first and then purchase online. Another 32% will research online, visit store to view a product, then return online to purchase. In short, the shopper’s journey looks less like a funnel and more like a flight map, and the lines between online and offline shopping experiences are blurring.” says Google Retail Industry Director, Todd Pollak.

This integration of the online and offline experiences offers great opportunities but also brings with it risks for all brands / retailers who are focussed on any one of the two formats. It is important to have a "hybrid" commerce strategy.


Wednesday, October 31, 2012

The role of mobile in shopping related research.


At the Path To Purchase Institute’s annual Shopper Marketing Expo, Alison Chaltas of GFK shopper and retail strategy, shared a global study that revealed the future of shopping is “getting extreme.”

Chaltas said that a hard economy – with one in three barely able to meet expenses and only 15% living comfortably – is fueling the emergence of a new shopper profile. This “extreme shopper” is wired; 68% research purchases on the internet and buy in store.

While “extreme shopper” was new, the concept of ROBO (research online buy offline) has been around for a while, but the percentage was interestingly high. However, what caught my attention was the way in which the shopper was doing the research and the emergence of mobile as the research tool.

The study found one quarter are using their phone to help shop, and that they’re seeing a broadening of categories this applies to, not just consumer electronics and clothes, but also food and beverages, as well as health and beauty.

They also found a multi-dimensional aspect to mobile shopping: value seeking is the goal of 89%, 51% are using mobile to connect to social media as a shopping tool, 24% are using it transactionally, and 82% informationally.