Happy Bonifacio Day
November 30, 2013 Leave a comment
Affinity Express wishes all its team members in the Philippines a Happy Bonifacio Day.
Tips for Marketing and Design
November 30, 2013 Leave a comment
Affinity Express wishes all its team members in the Philippines a Happy Bonifacio Day.
November 26, 2013 Leave a comment
This year will be the shortest online shopping season with only 27 days between Thanksgiving and Christmas. By comparison, there were six more days to shop in 2012. However, National Retail Federation expects sales in the months of November and December to marginally increase 3.9 percent to $602.1 billion, over 2012’s actual 3.5 percent holiday season sales growth. The forecast is higher than the 10-year average holiday sales growth of 3.3 percent.
Due to the short holiday season and evolving shopping habits, marketing efforts of businesses will be fiercer and will involve mobile and social media. Shoppers will be incentivized with more shopping hours on Thanksgiving Day and amazing deals available on multiple shopping channels.
This singular day marks the beginning of holiday period and can be marked as the most significant revenue event for all the industries for the entire year. It is, in fact, so important that newspapers across the country have special expanded distribution of their publications that week and Thanksgiving Day circulation is the largest circulation day of the year. A large number of consumers turn to local newspapers and advertising pre-print inserts for information on the best deals.
As shared by IBISWorld, more than two-thirds of Thanksgiving revenues come from spending on food and drink for family gatherings and festivities; this category is expected to increase 5.1 percent from last year. Celebrating the year-end holidays with loved ones remains an important tradition for many Americans, so spending on consumables is not expected to suffer much, despite poor confidence.
87.8 percent of US households are expected to celebrate Thanksgiving by having families and relatives gathered around the turkey this year. The average household will spend $52.75 on Thanksgiving dinner and $31.23 on turkey alone. Other, more discretionary expenses such as greeting cards, gifts and decorations are not anticipated to grow much this year, increasing only 0.7 percent over 2012 figures.
A few years back, NAA (Newspaper Association of America) ran this ad to remind the readers how newspapers play a big role in making special occasions even more special.
The late start of holiday season this year will result in a surge in online sales growth on Thanksgiving. According to a report by Adobe, “Pent-up consumer demand will translate into strong year-over-year online sales growth on Thanksgiving, which is expected to break into the “billion-dollar-day” club with online sales up 21 percent to $1.1B. Although many retailers have announced that they will be open, very few families come out to shop as they prefer to stay home and spend time with relatives on Thanksgiving, but they surely don’t want to miss out on the deals. This makes Thanksgiving a natural online sales day for couch surfing mobile users to get a jump on their shopping. Brick-and-click retailers will benefit most from online shopping that day as they receive the lion’s share of online spend early in the season.”
Many stores and retail stores use online ads to serve as ready-to-use coupons for their customers. So, viewers can just print these ads and redeem them to avail discounts in the stores or ordering online.
Another online shopping trend that is quickly becoming the preferred option is referred to as “ship to store,” “click and pickup,” and “click-to-brick,” which allows customers to shop at their leisure on their computers, and pick up their purchases in a physical store at their convenience. This saves online shoppers both shipping time and shipping charges.
As shopping appetites of young consumers grow, more and more retailers are planning to keep their stores open on Thanksgiving. Chief Industry Analyst Marshal Cohen of NPD Group says, “Online retailers had Thanksgiving all to themselves so now brick-and-mortar retailers are going to make their sales days Tuesday and Wednesday” of Thanksgiving week.
More than 100 Simon Malls will open at 8 p.m. Thanksgiving Day. Last year, none of its malls opened that early. Target, JC Penney, Macy’s, and Kohl’s are each opening at 8 p.m. on Thanksgiving. Gap Inc. will have approximately 1,300 stores across its brands open at various hours on Thanksgiving Day. The list also includes brands like Kmart, Walmart and Best Buy, who say they’re merely responding to consumers who would be shopping online if they didn’t have the option to hit the stores.
In this ad, Kohl’s announces their Thanksgiving store timing along with some cool discounts and offers.
Social media is a parallel universe of shoppers waiting to be tapped. Advertisers need to know which customers they want to target, design the right marketing strategy, push their ads to the right place, and use the right metrics to capture ROI. The 3 tips that help in successfully utilizing this media are:
According to a blog post by Nanigans, Inc., A comparison of ads placed in October, November and December 2012, showed that Facebook ads placed one to three weeks before Thanksgiving attracted customers who delivered the highest ROI over time — loyal customers with consistent purchasing throughout Q4 and beyond who yielded the highest ROI contributed by lifetime revenue return.
Many businesses are using Facebook as an additional sales vehicle sharing their best deals and promotions.
As part of IBM’s Smarter Commerce initiative, the IBM Digital Analytics Benchmark revealed the following trends for Thanksgiving 2012:
Since many businesses are focused on Black Friday and Cyber Monday, you could consider an aggressive sale on the Tuesday before Thanksgiving. While many families are busy planning their Thanksgiving meals, there are many who are starting to look for deals on their smartphones. So, this could be a good time to present them with an offer they can’t resist without waiting until Thursday or Friday. The promotion needs to be aggressive and crisp: “3 day sale” or “Save 25% if you order before Thanksgiving” to register instant responses.
“Mobile strategy also needs to consider the physical factors of the shopper. Whether they are in-store, at home or on the go, the consumer will have different experience values in each of these situations, and the mobile presence must take this into consideration to create the optimal experience.” says Derek Bonney, Managing Director of Manifest Digital.
During the holiday shopping frenzy, sometimes the stores that win most customers are the ones that stay top of mind and influence buying decisions. It pays to increase your email frequency and volume during the holidays that is proportionate to the increase in your sales volumes. So, a 20 percent expected increase in sales volumes should drive you to send at least 20 percent more emails during this time. Make sure your email are optimized for mobile and assist shoppers to reach far down the purchasing path as possible. Buyers are looking for best possible deals and sales this time of year. Make sure your offers are compelling enough to draw visitors. It’s good to keep an eye on the type and frequency of competitors’ emails. Above all, take time to thank your loyal customers and offer a special holiday greeting. You could give it a personal touch by sharing pictures of your team members working behind the screens or the community service initiatives undertaken by your company.
How are you employing different media vehicles to attract buyers this Thanksgiving?
November 22, 2013 Leave a comment
Video is a powerful way to increase the visibility of your company and gain new customers. It is the fastest-growing segment of the internet and more than half of all web traffic is now video because people prefer viewing this kind of content to reading text online. In terms of numbers, there are 13 million Vine users on Twitter, social video platform Vimeo announced 14 million members, YouTube has a viewership in the billions and it is the second most used search engine. In fact, more than four billion hours of video are viewed each month.
But using video to promote your business is difficult, time consuming and expensive, right? Wrong! Video marketing is possible for every budget. You can improve your Google rank, turn your visitors into customers and increase the amount of sales from your marketing spend.
Type of Content
Because videos grab attention, people are more likely to click on them than to read text. Furthermore, they are more likely to share video on Facebook, Twitter, Stumble Upon and other social channels, leading to more views and potentially more revenue. The type of content that works well in video format is:
But instead of creating video commercials, you should concentrate on providing value. For example, if you are a restaurant, think about sharing cooking tips or bringing signature recipes to life. This is a great way to educate your prospects and customers. You can also show a different side of your business, such as how products are made, how team members are trained or special features of stores. Testimonials are also more compelling in video format.
Tips
Costs
According to the 2013 Advertisers Survey from placemedia (commissioned from uSAMP), when it comes to small businesses, 95 percent of advertising executives felt that video advertisements on cable or broadcast TV are highly effective, with 66 percent of the respondents stating they introduce products to people in the surrounding areas. Nearly half said video advertisements on cable or television make small businesses look as big as national brands, followed by 36 percent who said these advertisements provide a local call to action.
However, 97% of respondents believe the reasons keeping small businesses from buying video ads for broadcast or cable include cost (89 percent) and that videos are too difficult to produce (42 percent).
But it is now possible for small companies to create video that looks and sounds as great as what major brands produced for millions of dollars just a few years ago. High-quality cameras cost just a few hundred dollars and there are many free tools. You can use photos and screen captures of your website along with simple transitions to give your video an animated look. Depending on the effect you want, you can also use low-cost options for editing software, voice overs and hosting (see next section on tools).
If you don’t want to produce videos yourself, there are services available through publishers, local media and specialty providers at a range of costs. For example, your local cable TV station may produce videos for an additional fee if you buy air time. This article provides some good perspective on what you can expect to spend, depending on your requirements.
Tools
Here is some additional data to consider. EMarketer found that 64 percent of survey respondents said they planned to use more video content in marketing. ComScore found that people who view videos online are 64 percent more likely to complete purchases than other visitors. Stacksandstacks.com found that customers who viewed product videos were 144% more likely to add products to their carts than those who didn’t watch. Zappos discovered that products with videos outsell those without videos by 35 percent. As Forrester Research notes, “One minute of video is worth up to 1.8 million words.”
The final words of advice to small businesses: keep your videos short, engaging, searchable and sharable.
Are you inspired to start using video to market your company? What type of video content do you think would best engage customers and drive revenue?
November 19, 2013 Leave a comment
“Big data” is targeted information that helps business managers and executives create specific marketing strategies. The insights enable them to plan the direction and goals for their companies and, by assimilating and processing the data, reaching potential consumers more effectively.
Here are four key benefits of using big data:
Many think Big data is useful or accessible only to large businesses and multinational conglomerates. In reality, it is a relative term and can be valuable to small businesses ranging from mom-and-pop shops to start-ups to local entrepreneurs. Mark Troester, global product marketing manager of SAS, shares this simple definition for big data: when volume, velocity and variety of data exceed an organization’s storage or computing capacity for accurate and timely decision making. Read more of this post
November 15, 2013 Leave a comment
Sales proposals vary based on your industry, solutions and prospects and can be extremely brief or thousands of pages. Good proposals have to meet several objectives. They answer customers’ questions, address hot buttons and issues and provide clear solutions for each. For prospects, they make it easy to decide, explain to others why your company is the best choice and articulate the benefits they will enjoy from your partnership. And for your company, proposals establish your credibility, understanding and focus on the customer.
Here are some tips for marketers on developing or enhancing a proposal template for your company. Keep in mind that, although it helps to have a template, every document must be customized.
The basis for strong proposals is preparation. If you don’t have a solid foundation from meetings with prospects, you won’t know what is important to them. Prospects have to know that they have been heard, whether information was provided in requests for proposals or verbally. Sue Barrett suggests that, whenever possible, salespeople ask clear questions (versus leading ones) to get to the heart of issues, priorities and needs. They should take detailed notes. And if they can quote exact words, it demonstrates that they have really listened to prospects.
Before leaving meetings, sales should verify they understand what prospects want. Setting expectations about what they are going to do in terms of timelines, proposal preparation, follow-up and so on is critical.
Put the prospects’ priorities first in the proposal. You should not begin with a bunch of details about your company. Until you establish you understand the goals and pain points, no one will care about your expertise, capabilities, features, etc.
With the help of sales, collaborate with customers to build proposals that include all the information they require. You should also help them address the questions the rest of the decision-making team will have. Successful proposals must be easy to elevate for the contacts to streamline the approval process.
Organization
There are two options to organizing your documents:
The reality is that if prospects can’t find the information they need, they won’t spend the time to look for it. If the proposals are more complex and have multiple sections, set up response matrices. These are tables that detail how your documents address specific requirements and requests. You indicate where in the proposals answers are provided for each question. This is a helpful tool to those evaluating different options during the review process.
Spending time onto develop and improve your proposal template will not only enable you to respond quickly and efficiently with a custom document for each new opportunity, it will increase your revenue. The best advice of all is to write a proposal that satisfies your prospects’ needs, not one that sells your services.
What other elements do you recommend B2B companies include in their proposals?
November 11, 2013 Leave a comment
Affinity Express honors the bravery and courage of all who served.
November 5, 2013 1 Comment
These days, business leaders are going beyond building revenue and profits to also contribute to social causes. Impact investing and double bottom lines are emerging terms related to companies having measurable social and environmental impact in their communities. The possibilities for initiatives are endless, from hunger to affordable education to disaster relief. Best of all, both the communities and companies win.
Here are seven ways social activities positively affect businesses’ bottom lines.
With the social media boom, businesses are using new ways to communicate and engage people around their corporate social responsibility (CSR) efforts. Customers choose your business over your competitors when they feel your company is trustworthy. It takes time to build the kind of loyalty that affects people’s decisions of who they buy.
Warby Parker has launched a “Buy a Pair, Give a Pair” program. For each purchase made, glasses are given to someone in need. The eye glass company has donated more than 150,000 pairs to date and earned thousands of fans (and customers) in the process.
Field data collected from 3,000 grocery shoppers by Ad Age shows that work by companies to benefit their employees and communities increases customers’ favorable opinions. According to the study, if retailers improve consumers’ perception of their fair treatment of employees by one point on a five-point scale, the resulting increase in share of wallet is approximately 1.7 percentage points. The gain from a similar improvement in local sourcing is even more pronounced at more than 2 percentage points. These numbers appear small, but they represent a sales lift of ten to 15 percent for the average retailer.
The Reputation Institute’s 2011 “Pulse Survey” indicates that CSR is responsible for more than 40% of a company’s reputation. Ricoh builds trust and enhances attractiveness to prospective customers through action plans focused on the four key areas specified in their CSR charter: integrity in corporate activities, harmony with the environment, respect for people and harmony with society.
Most companies struggle to get people’s attention. Marketers plan extensive campaigns but the pull of genuine efforts for good causes are better than the most innovative promotions. Customers are smart enough to determine sincerity and will support companies with integrity whole-heartedly online and offline. One example of eco-minded advertising was Patagonia’s brilliant “Don’t Buy This Jacket” messaging. Its initiative asks customers to pledge to only buy what they need and instead repair, reuse and recycle their clothing.
Include members of your staff in planning, organizing and implementing CSR plans. Ask them to vote for the cause that they would like to support. It’s now common for businesses to dedicate special days where team members do hands-on work with charities. This not only builds teamwork but enhances companies’ reputations more than monetary donations.
Affinity Express regularly conducts on-the-job training for college students to help build their careers in the graphics field. Our team members participate and share their experiences to mentor these young people.
Team members now want more from their employers than paychecks. They want pride and fulfilment from their work and companies whose values match their own. A Hewitt Associates study looked at 230 workplaces with more than 100,000 employees and found that the more a company actively pursues environmental and social efforts, the more engaged are its employees. In a survey by the nonprofit Net Impact, 53 percent of workers said that “a job where I can make an impact” was important to their happiness and 72 percent of students about to enter the workforce agreed. Most would even take a pay cut to achieve this goal.
While working for community initiatives, you connect with many businesses. These interactions are very different from regular sales pitches and can build deep, long-standing relationships. When people come to know you through community service interactions, they also view your commitment and passion. You develop a rapport rooted in respect and trust while working together on projects which often leads to positive referrals in business.
For businesses that depend on communities to sell their products and services as well as provide workforces, involvement in CSR activities is an integral role for management. Any activities that improve the way of life locally impacts the job market, as more and more talented people are motivated to stay instead of moving to other places with more opportunities. This impacts the economic and business health of the city.
The key is to incorporate CSR into the way you do business and your consumers’ experiences with your brand to make sure initiatives and messages resonate with them.
How have you applied CSR in your approach to business and its returns?
November 1, 2013 Leave a comment
Affinity Express wishes you all a bright and joy-filled Diwali.