SUMMARY:
Utilizing customer data, proving marketing ROI, engaging with customers through social media. These were just a few challenges B2C marketers faced in 2017. But, some of you were successful in tackling these challenges, and we shared those success stories and tips by way of the MarketingSherpa B2C newsletter throughout the year. With the year coming to a close, this week we share readers’ favorite content in the article Most Popular MarketingSherpa B2C Articles and Case Studies of 2017. Read on to learn about the future of advertising from Executive Director of the Future of Advertising Program at the Wharton School, tips for understanding customer motivation, how to interpret customer behavior and use it to drive ROI, and more. (As seen in the MarketingSherpa B2C newsletter. Click to get a free subscription to the latest research and case studies from MarketingSherpa.) |
We took a look at some of our own analytics, and here are the articles and case studies that were most popular with subscribers in 2017.
The Future of Advertising: What Wharton learned from 200 marketing leaders
Advertising has changed drastically over the last 50 years as consumers have become more informed and have a higher expectation from brands. Because of this, we as marketers have transformed as well, from pushy salespeople to product and brand advocates focused on communicating value to our customers.
So, if that much of a change has occurred thus far, what does the future of advertising look like? And how do we marketers prepare so we don’t get left behind?
In search of answers to these questions, Catharine Hays, Executive Director, The Future of Advertising Program at The Wharton School, organized a group of 200 advertising, marketing and academic leaders at organizations ranging from Facebook and Google to Tsinghua University and NPR. Hays used insights and research from this who’s who of the advertising and marketing industry to inform the publication of her book, Beyond Advertising: Creating value through all customer touchpoints, with co-author Jerry Wind, Director, SEI Center for Advanced Studies in Management. In the book, she provides a perfect summation of the challenges facing our industry and how advertising may evolve in the future.
“One of the things that came through in our research is ‘beyond customer first.’ It’s almost as if you have to get the pendulum to swing from ‘us first’ — our bottom line, efficiency, effectiveness — to ‘customer first’ and the other way,” Catharine said in an interview with Daniel Burstein, Senior Director of Content and Marketing, MarketingSherpa. Read the full article here to see what other insights Hays’ research has informed.
Five Questions to Ask to Understand Customer Motivation
If you don’t understand what is motivating your customer to purchase your product or service, how can you guide them up the funnel? Motivation is arguably the most important factor in understanding your customer and driving conversions.
In looking at the MECLABS Institute (our parent research organization) Conversion Heuristic, you can see just how important motivation is to conversion, having the highest coefficient (4) attached to its variable (m).
Read the full article to understand the impact motivation has on the other elements of the Conversion Heuristic (value, incentive, friction and anxiety), and five questions you can ask to gain a better understanding of your customers’ motivations.
How Marketers Can Use Behavioral Economics to Guide Customer Decision Making and Drive ROI
To be a customer-first marketer, you must understand your customers’ needs, motivations and, most importantly, their behaviors. The most effective way to gain this understanding is to put yourself in the customers’ shoes.
Kelly Peters, CEO and co-founder of BEworks, understands that getting into the consumer mindset is a challenge for marketers to overcome. But, by building a process and walking through it from the customer’s point of view, you’re able to better understand why they behave in a certain way.
“What are the decisions we’re expecting people to make? And what are the enablers and barriers to those decisions? And once you start to slog through the weeds, you’re going to start to find, ‘this is where we’re overwhelming people,’” she said.
Watch Peters’ session from MarketingSherpa Summit to learn how BEworks is leveraging recent insights gained from behavioral data to drive ROI in real-world marketing scenarios.
Ecommerce Chart: Star ratings’ impact on purchase probability
Medill Northwestern University’s Spiegel Research Center conducted a study of 22 product categories to determine how star ratings in customer reviews effected the likelihood a customer would make a purchase.
“Reviews work as long as they're credible. Retailers should not suppress negative reviews because it damages the credibility of the review ecosystem. The retailer's interest is in providing useful information to the buyers who come to that website,” said Edward Malthouse, professor at Medill Northwestern and the Research Director of the Spiegel Center.
“Fix the product, fix the customer experience. Don't worry about fixing or rigging the customer review environment. Fix the way in which it works and good things will happen,” said Tom Collinger, the Executive Director of the Spiegel Research Center.
Read the full analysis in the article Ecommerce Chart: Star ratings’ impact on purchase probability
B2C Marketing: How Avocados from Mexico’s Super Bowl campaign got 2 billion interactions before the game even started
When talking about Super Bowl advertising, Avocados from Mexico is a relatively small organization. In order to capitalize on such a large investment, Ivonne Kinser, Director of Digital Marketing, Avocados from Mexico, and her team knew they would have to create a campaign that enabled the brand to stand out on the busiest advertising day of the year.
“One of the objectives is to increase the reach of our Super Bowl spot because, as you can imagine, it's a big investment, especially for a brand like ours,” said Kinser. “We leverage the digital platforms to amplify as much as possible the content of the Super Bowl spot, but also to increase the engagement.”
Read how Avocados from Mexico drove 3.2 billion overall interactions by developing an interactive web app that supported a digital story, sweepstakes and conversation leading up to a coveted TV spot on Super Bowl Sunday.
Related Resources
MarketingSherpa Case Studies – 1,602 and counting
B2C Marketing 2016: How marketers changed their messaging to drive conversion – A look back at last year
Sherpa Summit 2017 Takeaways: The five best B2C tactics for customer-centric marketing
Get Better Business Results With a Skillfully Applied Customer-first Marketing Strategy
The customer-first approach of MarketingSherpa’s agency services can help you build the most effective strategy to serve customers and improve results, and then implement it across every customer touchpoint.
Get More Info >MECLABS AI
Get headlines, value prop, competitive analysis, and more.
Use the AI for FREE (for now) >Marketer Vs Machine
Marketer Vs Machine: We need to train the marketer to train the machine.
Watch Now >Live, Interactive Event
Join Flint for Let AI Agents Market For You on March 18th at 2 pm EDT
RSVP Now >Free Marketing Course
Become a Marketer-Philosopher: Create and optimize high-converting webpages (with this free online marketing course)
See Course >Project and Ideas Pitch Template
A free template to help you win approval for your proposed projects and campaigns
Get the Template >Six Quick CTA checklists
These CTA checklists are specifically designed for your team — something practical to hold up against your CTAs to help the time-pressed marketer quickly consider the customer psychology of your “asks” and how you can improve them.
Get the Checklists >Infographic: How to Create a Model of Your Customer’s Mind
You need a repeatable methodology focused on building your organization’s customer wisdom throughout your campaigns and websites. This infographic can get you started.
Get the Infographic >Infographic: 21 Psychological Elements that Power Effective Web Design
To build an effective page from scratch, you need to begin with the psychology of your customer. This infographic can get you started.
Get the Infographic >Receive the latest case studies and data on email, lead gen, and social media along with MarketingSherpa updates and promotions.