Showing posts with label promotions. Show all posts
Showing posts with label promotions. Show all posts

Is offering a discount enough?

"Your mystery offer is waiting <checkmark symbol> it out". That was in my inbox this morning from Shutterfly. Thank goodness Google Mail rendered the symbol correctly; though I wonder how many customers got the question mark instead for that special character insertion. I would think that I am already a customer since I made a purchase earlier in the year and while Shutterfly might have marketing automation capabilities, whoever is managing how content is delivered to customers and prospects is doing it from a batch and blast perspective; which is okay if your company fits one of the following scenarios:
  • a consumer products oriented company with a high churn rate
  • customers respond better to discounts because you've conditioned them to expect it
  • your company is a market share leader in its industry, and you simply don't care about losing existing customers
  • your CEO dictates the marketing plan
  • your products are more of a commodity than a premium brand
Before and after purchasing from Shutterfly, I'd always gotten promotional emails and like most consumer emails they are spammy...meaning I get more than four per month. And to top that, all the discounts have been in the 40% to 50% range or free products (e.g., 12 free thank you cards, free photo magnet, free photo book, etc.). It makes me think that their loss-leader costs are minimal.

Take this Shutterfly email as an example. What do you see?
Shutterfly promo email from 2013-08-22

If you saw in the email preview screen that you only got up to 40% off for buying something from Shutterfly, you might just be in the 90% who would see just that. However, if you were really tuned into promotional offers, you'd see that it's up to 40% in addition to existing sale prices. Which did you see, the former or the latter response? If you saw the former, chances are you deleted the email since it didn't look any different than any other Shutterfly promotion. If you saw the latter, it might take you a second glance to see if you really saw the right offer and perhaps that is enough for you to click through. 

If this is a totally new offer (as in, this product pricing scenario has not been used with new customers), the offer needs to be called out in a color other than black text on construction yellow. The italicized black text is still more of the same. This is a callout for the "on top of sale prices" to be in a different color. It's hard to tell though if such an offer would really impact Shutterfly's media plan without having the production data. And, it is just one offer campaign out of dozens that Shutterfly runs each calendar quarter.

Indirectly asked: what could we be doing better?

This is a nagging topic on the minds of a lot of marketers this year; in addition to making marketing automation work like a mad SQL (sales qualified lead) generating tool. With respect to direct, email, or online marketing, what seems commonplace to me as a marketer might not be apparent to others who have had mixed results with their campaigns. Let's start with a basic approach: email marketing.

Batch and blast works well for generalized content or for product announcements. But, for that personal touch, as in do it with customer service like you really care... try sending your customers a personalized, non-sales oriented email about a birthday, anniversary, or a special gift just for them.

Ask customers to engage with you in online conversations, participate on polls or surveys, or get feedback on their experiences. It doesn't hurt to ask for their input. What do you think about the new features we put into ___. How does your website redesign look?

When I ask other marketers how many touches they send out to their prospects and active customers, I get a variety of answers. The most I've heard of (including autoresponders from newsletter signups or web form submissions) on the B2B side is 15-20 touches per prospect per month. Ouch, I don't think I'd want to be on the receiving end without an unlimited data plan for my connected devices. This is when planning out content and using a scheduling calendar really helps when releasing time-delayed content. Some premium features of marketing platforms even offer limiters on how many times a lead or contact can be contacted within a set period of time. And, you can also manage frequency when setting up a demand automation funnel as well for handling MQLs and recycled SQLs.

And last of all, your prospects and customers are just like you and me. We have a finite amount of time to devote to activities like reading email; especially promotional or content that adds some richness to our daily lives. Be mindful of how (often) you send out content.

/stepping off the soapbox/

Intuit's Love a Local Business Promo

If you didn't already know how to promote your business using social media sites like Facebook and Twitter, Intuit incentively recruits newcomers by offering a $25,000 small business grant each month.


How it works:

A business owner nominates their business (based on company name and location) through Intuit's sign-up page (if the company name doesn't appear, e.g., if you're not registered with your city with an active business license or lack a D&B DUNS number, you can still nominate your business by filling in the appropriate information where prompted. Manual nominations will not show up on the locations map, but do count as valid votes).

If you are concerned about spam and privacy when posting your contact information; say, you have a home-based business. Sign up with Google Voice using your existing mobile or landline telephone number and get an Internet number assigned to it. That way you can collect legitimate business inquiries via Google Voice voicemail. Get a PO Box from your local post office, or a 3rd party mailbox service. If you happen to pair the PO Box with your home address, it will really confuse data processors for direct (junk) mail. But, make sure that Intuit is able to contact you, regardless. Banks and clearing houses use the POB method for marketing campaign targeting, you could too.

Local fans of the business can vote for you. Each vote counts as a raffle ticket. If you look at the previous months' results, Mid-Michigan Kennels won with only 1341 votes. 

Deadline for submitting nominations/votes: September 30, 2011

Sears Rewards Program #FAIL

Thanks a lot Sears, I really didn't need to be spammed by all your eCommerce entities all at once. Sears is typically where I go to get tools and appliances for the home; although, in today's age, Home Depot wins out on in-store price comparisons and Lowes wins on customer service; at least in southwest Washington anyways. The customer experience is probably different where you live. Regardless, this post reflects upon the poor execution of what could have been a good retention marketing campaign by the Sears rewards program.