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Who’s Got Smartphones and Apps? Gen Y

February 1st, 2013 ::

By Rieva Lesonsky
It may not be a surprise, but Gen Y is leading the way when it comes to adoption of smartphones and smartphone and tablet apps, eMarketer reports. A study by Forrester, cited in eMarketer, found that consumers aged 24 to 32 are the most likely to own smartphones. Ninety-seven percent of Gen Y consumers have a mobile phone, and 72 percent have smartphones, higher than any other age group.

Overall, 93 percent of Americans owned mobile phones; however, only 50% have smartphones. Gen Z (age 18-23) was the second most likely group to own a smartphone, at 64 percent, followed by Gen X at 61 percent. After that, smartphone use declines rather drastically, with just 39 percent of younger boomers (47-56) owning them, 28 percent of older boomers (57-67) owning them, and 16 percent of those over 68 owning them.

Gen Y consumers are also more likely than any other age group to use smartphone and tablet apps, a different study by Flurry found. (This study defined Gen Y as 25 to 34.) Of the Gen Y users surveyed, 33 percent used smartphone apps and 26 percent used tablet apps. The 35-to-54 age group was next most likely to use apps.

You might be surprised that Gen Y are bigger users of smartphones than the younger generations, but eMarketer notes this group is in the “sweet spot” in terms of being old enough that they can afford more expensive smartphones, but young enough to want them and know how to make the most of them. In fact, the biggest reason younger customers cited for not having a smartphone was that they couldn’t afford it, while the top reason cited by older consumers was that they didn’t think it was useful or necessary for their lives.

What do these stats mean to you?

  • If your target market falls in the younger end of the spectrum, you’ll want to make sure your business website is mobile-friendly.
  • You’ll also want to consider developing useful, relevant and/or fun apps for your business that encourage sharing with friends.
  • Keep in mind that Gen Y is most likely to own iPhones, while in other age groups and overall, Samsung phones dominate.
  • Finally, keep in mind that Gen Y’s smartphone-dependency isn’t going away. As these customers move into their prime buying years, they’ll rely on their devices even more—so be ready to grow with them.

Image by Flickr user milesopie (Creative Commons)

How to Get Started With a Global Marketing Strategy

January 31st, 2013 ::

EarthIf you want to expand sales to other countries, you start by conducting market research so you can understand what your potential customers care about, want, need, and how to reach them.

To help you put together a global marketing strategy, here are some tips based on global marketing statistics that HubSpot published:

1 – Have a really good mobile strategy

Mobile, mobile, mobile – it’s all you ever hear, right? Well, it’s not just people in the US using our mobile devices for everything – people around the world use their smart phones a lot too.

  • 26% of Australians consume media on their smartphones
  • 31% of the French spend their smart phone screen time on social networks
  • 35% of the Irish access social media mostly on their smartphones
  • 33% of Italians with mobile phones use their devices to access the Internet
  • 46% of Canadians with mobile phones have smart phones

Tips for success:

  • Have a user-friendly mobile site ready to go that is easy to navigate and makes it easy to contact you or buy from you
  • Optimize your site
  • Integrate social media sharing buttons on the site (see below)

2 – Understand who is using what social network

Even though Twitter and Facebook might be the best way to reach your American customers, make sure you adjust your global social media strategy to include the outlets they use, not the ones you think they use.

Tips for success:

  • In Norway, have an active presensce on Twitter, Tumblr, and Pinterest to reach people under 30. Use LinkedIn to reach those with higher education and income levels.
  • In Russia, you’ll reach people who are young, global-minded, and have money with Facebook, while those 25-35 use Odnoklassniki.
  • In Spain, college students and recent grads use Tuenti.
  • In the UK, those with higher incomes are on Facebook.

3 – Target customers depending on their favorite online activities

Want to engage your customers? Create marketing programs that take into account your audience’s online activities.

Tips for success:

  • In India, capture the attention of Facebook users with games, apps, and photos.
  • In Russia, create and share movies on V Kontakte.
  • In Sweden, engage guys with games and women with an entertaining blog.
  • In Brazil, create a video campaign

4 – Boost sales with promotions

Based on the growth of LivingSocial and Groupon, it’s easy to see that people like a discount in the US. Around the world, it’s pretty similar, so if you want to engage your audience, boost brand awareness, and increase sales, offer promotions online.

Tips for success:

  • In Brazil, offer special discounts on social media.
  • In Ireland, offer promotions to encourage word-of-mouth marketing, as 74% of people talk about a brand thanks to a promotion.
  • In Australia, special discounts or coupons will help spur purchasing decisions.

***

Is your company global? How do your overseas customers differ from those at home?

Image courtesy of en.wikipedia.org

How to Use Psychology to Boost Sales, Part 2

January 30th, 2013 ::
This entry is part 1 of 2 in the series Using Psychology to Boost Sales

psychologyIf, like me, you didn’t major in psychology, then we’re in the same boat: running a small business and doing our best to understand our customers and prospects.

I always thought I should have taken at least one psych course, so I got super excited when I saw an infographic on the SocialFresh blog called “10 Ways to Convert More Customers Using Psychology.” No need to take a course, just read an infographic!

In the first blog post in this two-part series, I detailed the first 5 ways to turn a no (the problem) into a yes (the solution). Here are 5 more ways to do so:

Problem: Customers hate waiting

Solution: Provide instant gratification by pointing out how your product or service will solve their problems quickly

Example: Fast shipping, quick turnaround times, very short learning curve

Problem: Distinguishing yourself from competitors

Solution: Instead of slamming the competition, label your customers (see my previous blog post)

Example: Because you’re a Mac person, you’ll love my product; If you want to travel the world, my photography class is perfect for you

Problem: Unclear company values

Solution: People love brands who share the same values as them, so clearly state your values and weave it into your messaging.

Example: Donating a portion of every sale to a specific charity; only selling products made from sustainable or recycled materials

Problem: Customer is not completely confident in decision

Solution: Play the devil’s advocate and lay their concerns to rest with stats, information, examples, and case studies.

Example: “93% of our business is due to referrals from happy customers.”

Problem: Customers get bored

Solution: Surprise your customers when they least expect it.

Example: Handwritten thank-you note, box of samples, free product or service.

What have you learned about customer behavior over the years?

Image courtesy of psy.ed.ac.uk

Why Your Emails Must Be Mobile-Optimized

January 30th, 2013 ::

By RIeva Lesonsky

Are your email marketing messages optimized for mobile? They’d better be. According to the latest Return Path global bi-annual mobile email report, 37 percent of U.S. respondents surveyed now open their email on mobile devices, compared with the 30 percent opening them through webmail in a browser. The percentage of emails opened on mobile devices has increased 300 percent since 2010 and shows no sign of slowing down, says the report. Here’s some more of what you need to know:

 

Platform matters: While Android mobile phones still dominate in the U.S., Apple device users are more likely to open and read email on a mobile device than any other group. Although Windows Mobile saw an 85 percent increase in email opens since April 2012, it still accounts for just 0.3 percent of total email opens on smartphones.

Industry variation: Certain industries’ emails are more likely to get opened on a mobile device than others. The retail (40 percent), consumer product (40 percent) and real estate (38 percent) industries lead the way.

Is it safe? The information being sent via email is also a concern. For example, banking-related emails were less likely to be opened on mobile devices due to security worries.

Desktops aren’t obsolete…yet: Users check email more often on a desktop than on a mobile device during the day. I’d surmise that’s probably because they are sitting in front of their computers at work, but as more workplaces incorporate tablets into the work day, the desktop is likely to become less and less dominant.

Mobile sitting still: It’s a myth that mobile purchasing is taking place out of home. Just 22 percent of mobile purchases take place on the go; 18 percent occur at work and more than half (51 percent) take place at home. Your customers are more likely to be opening that email in bed or on the couch than in the car, so keep that in mind when designing your message.

If you doubt optimizing email for mobile matters, keep these facts in mind: Return Path found that email marketing messages drive twice as many conversions as social media or search. In addition, the average order value is higher on mobile devices, whether tablet or smartphone.  However, since even those who open their emails on mobile devices still make most of their purchases on the desktop, you need to make sure your emails are optimized for both platforms.

Image by Flickr user Brad Flickinger (Creative Commons)

 

Your 3-Step Plan for a Business Website That Drives Sales

January 29th, 2013 ::

By Maria Valdez Haubrich

Is your small business website driving the leads, customer engagement and sales you want? If it’s falling short of your goals, how can you help your business website perform better? Here are three steps to take.

  1. Focus on your target customers. If your website isn’t attracting enough customers, maybe it’s too vague and general. No business, or website, can succeed by trying to be all things to all people. Instead of casting a wide net, narrow your focus. Try developing a couple of “personas” that represent your target customer. Be as specific as you can. If your target customer is a busy mom, is she a working mom or a stay-at-home mom? How old are her children? What products is she looking for? Get as specific as you can; this will help you focus on the keywords that will drive that exact customer to your site. By pinpointing the specific groups you’re hoping to reach, you can develop a website that reaches out to those people.
  2. Focus on your customers’ pain points. A website is first and foremost a marketing tool, but sometimes small business owners forget this. Just like your other marketing materials, your small business website should show prospects that your business understands their pain points and is trying to solve them. Going back to the busy mom customer we mentioned above, if she is a working mom with an infant at home, one pain point might be the need to keep stocked up on diapers in order to avoid midnight runs to the convenience store. Your website and keywords should focus on solutions such as diaper delivery, diapers shipped to your home, auto-reorder of diapers and similar options.
  3. Focus on a call to action. Sometimes your business website is working well at attracting customers, but when they’re on your site, they just click around for a bit and leave. If customers aren’t taking action on your site, it’s probably because you’re not showing them a clear call to action. Every page on your site should drive customers to take a specific step, whether that’s “Buy now,” “Shop,” “Call us,” “Click to get a quote,” or “Chat with our operators.” If your product or service is one that doesn’t require a lot of thought, your call to action could be simple, such as “Buy now.” If it’s a product such as business equipment that requires a lot of hand-holding before a decision is made, there will be more steps involved, but you still need a call to action for each of those steps: “Click for more information,” “Request a quote,” etc. This is not the time to be subtle. Use action-oriented words that are very specific as to what you want customers to do. Emphasize them with color, hyperlinks and graphics.

Last, but not least, be sure that you test all the changes you make to your site by monitoring your analytics to see what users are doing. By making these changes, you’ll find your small business website driving a lot more business.

Image by Flickr user FutUndBeidl (Creative Commons)

 

 

 

How to Use Psychology to Boost Sales, Part 1

January 28th, 2013 ::
This entry is part 2 of 2 in the series Using Psychology to Boost Sales

psychologyI majored in business administration, and looking back, it amazes me that at least one psychology class wasn’t a required course for business majors – especially those of us focusing on marketing. So much of marketing and sales is based on what people respond to – which of course has its roots in psychology.

So I was delighted to stumble across a great infographic on the SocialFresh blog called “10 Ways to Convert More Customers Using Psychology.” If you have a chance to check it out, do, but if you don’t, you can rest easy knowing I did the work for you.

Here are the first 5 ways to turn a no (the problem) into a yes (the solution):

Problem: Action paralysis, in which we avoid making a decision for no good reason

Solution: Set minimums that are easy to attain.

Example: Purchase 2, get 1 free; First month free

Problem: Not feeling special; just feeling like a number

Solution: Label your customers so they feel like part of a special group.

Example: VIP; platinum, gold, silver levels

Problem: Convincing tightwads to open their wallets

Solution: Since tightwads (yes, that is an actual psychology-based term) make up 24% of buyers, you need to appeal to them by reframing the value of your product or service.

Example: Bundle products for a better price, reframe value ($2 per week instead of $110/year), roll fees into the price

Problem: Not admitting to fault

Solution: Because buyers trust companies who admit a problem is their fault, take the blame, even if it’s not your fault (really!).

Example: If a product is not available temporarily because shipment from a vendor is delayed due to a manufacturing problem, apologize and explain what you’re doing to fix the situation.

Problem: Incomplete calls-to-action (CTA)

Solution: Sales messages that convey urgency and scarcity work, but only if buyers are told how to make the purchase.

Example: Add a phone number, email address, or link to a landing page in your CTAs.

Look for my next blog post, in which I share the final 5 ways to turn no’s into yes’s.

What are your favorite tricks and tips to boost sales?

Image courtesy of psy.ed.ac.uk

Web.com Small Business Toolkit: Heyo (Social Marketing Tool)

January 24th, 2013 ::

Heyo

Want a better Facebook page? How about a mobile app for your business? Heyo is a social marketing tool that lets businesses do all that and more–all with easy drag-and-drop steps that don’t take a lot of time. If you’ve ever run across a Facebook fan page you admire and wish you could create one, too, Heyo can help with attractive templates or custom design tools. You can choose from over 30 widgets ranging from coupons and “Buy” buttons to contest and email opt-ins. Then Heyo takes your fan page and creates a mobile app based on your social data complete with photos and fan page tabs so your customers can see your page on their smartphones or mobile devices.

Your Guide to LinkedIn Advertising

January 24th, 2013 ::

LinkedIn people puzzleIf you’re a B2B company, attracting new customers with pay-per-click (PPC) ads on LinkedIn rather than Google or Facebook may be the way to go.  That’s because you can target your ad to specific job titles, job functions, industries, company size, seniority, by LinkedIn Groups, etc. to ensure you are reaching either the end user or the person who makes the purchase decision.

Who you can reach on LinkedIn:

  • 175 million professionals worldwide, 40 million of whom are US-based
  • 7.9 million business decision makers
  • 1.3 million small business owners
  • 4.2 million corporate executives

How it works:

  • Choose your target demographic and location
  • Set a budget for clicks ($2 minimum) and the total you want to pay overall ($10 minimum)
  • Pay $5 activation fee

Types of ads:

  • Poll ads: Conduct market research and build brand awareness at the same time
  • Join group ads: If you have a LinkedIn Group, you can advertise it and increase your reputation as a thought leader
  • Social ads: These ads integrate member activities and information about advertising to target buyers based on what LinkedIn knows about your social network.
  • Video ads: This is the newest ad type, which lets you add your YouTube video or a 30 second video to ads.

Tips:

  • Make sure you measure your click-through-rate (CTR) on a regular basis to ensure your ad is working; you want a CTR of 0.025% or better.
  • Ads with images get 20% more clicks.
  • Turn your headline into a question to garner more attention.
  • You can create up to 15 ad variations to figure out which image and text work best.
  • Target ads to one specific group instead of everyone; the CTO has different priorities and needs than the CIO.

Have you advertised on LinkedIn yet? What about Google or Facebook? What strategies have you used to increase your CTR?

Image courtesy of blog.hubspot.com

5 Types of Marketing Content That Will Fuel Your Sales

January 23rd, 2013 ::

MoneyWhether your company offers a product or a service, having content on hand that you or your sales team can share with prospective customers is incredibly important. You’ll be able to showcase your capabilities and the value and benefits of working with you over someone else.

Here are 5 types of marketing content you should keep at the ready:

Explainer videos

An explainer video tells a visual story of how your product or service works. While these are especially handy for physical products you can see, they can also be used for virtual products/services, like an app or cloud-based service (check out Dropbox’s video).

If you are a professional service provider, like a real estate agent, consultant or attorney, you can use a video to quickly explain the value you bring to your clients while letting them get to know you a little bit.

Blog posts

Yes, it is OK to mention your products and services in your blog posts – on occasion. You could write about how you use your own product or service in your company, how-to guides, or a list of quick tips. You can also publish news, in which you announce important new partnerships, new products or services, or new features or updates, just like Modus Create did here.

Case studies

These are one of the best ways to market your company and convert prospective clients into new clients. Case studies give you the chance to show the value of your products and services. When I write them, I keep them pretty structured, like these that I wrote for Brighter Strategies. The first paragraph explains the problem, the second paragraph talks about the solution and how it was implemented, and the third paragraph concludes with the outcome or results.

Presentations

If you ever give presentations on your products, services, or company, whether it’s a seminar or at a conference, save them in Slideshare so you can easily share them later – and others can easily find them with a quick search. If you have a sales team, definitely create presentations for them to ensure your products and services are discussed the way you think is best.

Data sheets

Data sheets are full of information – they’re not sexy, but they are important if you sell a product. You can list product features, hardware, software, or other types of  requirements, competitive comparisons, charts and graphs that demonstrate product value, and even return on investment data.  Here’s a really comprehensive one for the Audi A3 (my car!).

What marketing content do you share with prospective clients?

Image courtesy of gurusoftware.com

Affluent Men Are From Mars, Affluent Women Are From Venus

January 23rd, 2013 ::

By Rieva Lesonsky

Both affluent men and affluent women have optimistic outlooks about their personal financial situations in 2013, a new report from Shullman Research found. However, there are significant differences in the optimism levels of men and women that could affect how you market to these wealthy consumers.

The Shullman Luxury and Affluence Monthly Pulse conducted in December found that 48 percent of U.S. adults with a household income of over $250,000 believe the U.S. economy is doing better today than it was a year ago. About one-third (34 percent) thought the economy was doing the same as 12 months ago.

However, when you dig down into the men’s vs. the women’s responses, some key differences emerge:

  • Some 45 percent of men are very optimistic or optimistic about the economy, compared to just 35 percent of women.
  • About 42 percent of female respondents say that the economy is essentially the same today as it was 12 months ago, compared to just 26 percent of male respondents.
  • While men and women generally felt positive about their current financial situations, with 78 percent of men and 73 percent of women describing themselves as financially stable, men were more positive about the future. Nearly three-fourths (74 percent) of men believe they will definitely or most likely be better off financially one year from now than they are today, compared to 64 percent of women.
  • Overall, 90 percent of those surveyed reporting that as long as the economy keeps improving, they will spend either more than they did in 2012, or the same amount. However, men were more likely to spend more; 43 percent of men said they will spend a lot more or slightly more than they did last year. Just 36 percent of women said the same.

Shullman Research Center founder Bob Shullman says women tend to take a more cautious approach to their finances than do men. What do these numbers mean to your business?

If you’re targeting upscale women, your marketing message will need to work harder to reach them and overcome that inclination to be conservative in their spending. Use marketing messaging that will calm their financial concerns, such as emphasizing the value of your product or service, how it will benefit them or their families, and how it’s a smart investment.

If you’re targeting upscale men, marketing messages that focus more on “fun” and rewarding oneself may be more effective. Affluent men are more willing to boost their spending and feeling more confident, so tap into their pent-up desires to spend a little more by playing up the desirable features of your product or service.

Image by Flickr user ToGa Wanderings (Creative Commons)