SlideShare ist ein Scribd-Unternehmen logo
1 von 4
Downloaden Sie, um offline zu lesen
Fall, 2016	 Volume 1, Issue 1	 www.mysunny1045.com	 www.espn1073.com
Page 1
It’s always the
‘younger’ generation
Page 2
Salespeople essen-
tial to buying expe-
rience
Page 3
Interactive Market-
ing--One Byte at a
Time
Generations
	 Some things never change
But wait! Our largest generation is
Baby Boomers, right? No longer,
according to Pew Research. Their
studies show more than 75 million
Americans were aged 18-34 (Pew’s
definition of Millennial) in 2015,
compared to 74.9 million who were
aged 51-69 (Baby Boomers). No
wonder marketers, retailers and em-
ployers are trying desperately to get
a handle on this perplexing ‘younger
generation.’
New research is peeling away our
assumptions about Millennials, re-
vealing a generation that is simulta-
neously very different from and very
similar to other generations of U.S.
consumers. A March 2016 J.D. Power
Report released some eye-opening
conclusions about Millennials.
•	 They’re not as fickle or anti-estab-
lishment as we assume. Overall, Mil-
lennials are generally more satisfied
consumers than Boomers. Across 15
industries studied, they particularly
tend to be more satisfied in three
areas: utility service, healthcare and
telecom service.
•	 Customer Service is critical in
establishing Millennial loyalty. Mil-
lennials have the lowest tolerance
for errors and delays of any other
generation. They simply expect
things to work. However, when their
complaints are fully resolved, they’re
“The children now love luxury. They
have bad manners, contempt for
authority; they show disrespect for
elders and love chatter in place of
exercise.” Socrates said this about the
younger generation more than 2500
years ago. But it may as well have
been yesterday. We hear and say sim-
ilar things about America’s largest
generation–Millennials–every day.
much more likely than Boomers to
reuse a product or service.
•	 Value is the secret to Millennial
satisfaction. Millennials are less like-
ly to buy things based on status, im-
age or brand loyalty, instead making
purchase decisions based on value for
money.
•	 Millennials are more willing to
have their information collected.
They accept the erosion of privacy
as inevitable will generally fork over
information if it comes with benefits
such as targeted offer and personal-
ized services.
IN THIS
Issue
Continued on page 4
Mid-Missouri Media, Inc.
By Kerri Glensky
It’s finally happening. Our last little
bird is leaving the nest, bound for col-
lege this fall. In the market for a suit-
able college laptop, my husband and
I make our first stop a well branded
electronics box store. We’re primed
and ready to buy. Only one problem.
A sales associate saunters by and sees
us looking over the wide selection.
He gives us the head nod and says,
“Doin’ ok?”
Not really. We’d like a little guidance.
But our response is automatic. “Yes.”
“Let me know if you need anything,”
he says over his shoulder.
Enter sales associate number two.
“How’s it going?” he asks, barely
pausing to hear the answer.
“Great.” Except we still haven’t been
helped.
Then along comes Jacob. “Can I help
you find a laptop?”
“Kid going to college. What do you
recommend?” my husband asks, hov-
ering over a nice selection of laptops.
“Maybe a 2-in-1 . . . .”
Jacob reaches across the display
and, without hesitation, points to a
model a couple hundred over our
budget (which he hasn’t even asked
yet). “This one. It’s on sale, and we
have a special program for students
that will give you an additional $150
off.” For the next 15 minutes he pa-
tiently walks us through the process
of claiming the additional discount
in the store. We leave feeling good
about our purchase and wondering if
the store appreciates what they have
in Jacob.
Our experience reaffirms the con-
clusion reached in a recent Mindtree
study: Sales associates are pivotal in
the shopper purchase journey. The
study shatters the myth that most
retail shoppers don’t like to be dis-
turbed by sales associates. According
to Mindtree, a leading digital trans-
formation and technology services
company, it also highlights the “. . .
highly positive influence sales asso-
ciates have on influencing shopper
purchases.”
In working with local businesses and
their marketing, I often hear com-
plaints about the Internet and how on-
line shopping is garnering an increas-
ing share of business. The Mindtree
survey offers insight into why shop-
pers turn to online, rather than in-
store purchasing. Many shoppers rely
on interaction with sales associates
to make purchasing decisions. This
is especially true with product cate-
gories like consumer electronics and
home improvement. When consumers
receive help, they tend to spend more
and give the store repeat business.
However, 40% of shoppers report
they can’t find sales associates when
they have a question. The negative
experience means shoppers move to
a different store or take their search
online.
What’s the solution? “Conventional
thinking in the retail industry is that
most shoppers want to be left alone,
and that sales associates too often an-
noy shoppers by trying to offer assis-
tance,” says Sunil Oberoi, Senior Vice
President and Head, Retail, CPG and
Manufacturing Mindtree. “Shoppers
respond positively when they receive
helpful guidance from an associate. A
timely assistance in store can lead to
an 80% increase in transaction value.”
Gaurav Johri, Senior Vice President
and head, Platforms & Solutions
Group, Mindtree continues, “A key
part of successful omnichannel retail-
Associates can make—or break—the sale
Continued on page 4
2
Interactive Marketing
One byte at a time!
By Alex Lamy
A man walked into a Target out-
side of Minneapolis and demanded
to see the manager. In his fist, he
clutched several mailers sent to his
high school aged daughter. When the
manager arrived, the man, obviously
upset, asked why Target was sending
his teenage daughter advertisements
for baby clothes and cribs. “Are you
trying to encourage my teen daughter
to get pregnant?” he asked. Little did
he know, his daughter was already
pregnant.
Target had begun using an interactive
marketing system that could accu-
rately predict, among other things,
when a consumer might be pregnant
based on her buying habits. For ex-
ample, many pregnant women begin
buying unscented lotion in larger
quantities around the beginning of
their second trimester. Using twen-
ty-five different product markers,
Target knew this man’s daughter was
pregnant before he did.
It’s no secret. Businesses attempt
to collect as much data on their
customers as possible, but interac-
tive marketing is much more than a
mailing list full of customer informa-
tion. It’s a conversation between the
business and its consumer. Robert
Blattenberg and John Deighton write
in their article, “Interactive Market-
ing: Exploiting the Age of Address-
ability,” “To appreciate the power of
a customer database, one must see
it not merely as a mailing list, but as
the memory of the customer relation-
ship: a record of every message and
response between the firm and each
address.”
In Target’s case, each customer is
given a unique customer ID number
attached to their name and credit
card information. Using this ID, all
a particular customers purchases can
be tracked. Many grocery stores
have implemented loyalty cards
which serve the same function. The
beauty of these systems is adver-
tisers can target specific subsets of
the customer database. Now, “…
each coupon is not haphazard but a
precisely targeted tool in the process
of forging a personal bond. . . . the
customer speaks through purchas-
es, and the manufacturer employs
artificial intelli-gence to reply,” say
Blattenberg and Deighton. Coke for
example could target those custom-
ers who specifically buy Pepsi with
coupons to try Coke. In this way,
Coke drastically cuts down on their
advertising cost as more traditional
methods simply blast a message to
all consumers including those who
already drink Coke.
Not only can advertisers target a spe-
cific subset of customers but they can
also time coupons to
correspond with other
purchases. For example,
Johnson & Johnson
wanted to promote their
new disposable contact
brand, Acuvue. They
targeted a subset of
their customers who
went to an op-tometrist
who stocked Acuvue
and who also respond-
ed to disposable lens
advertising the past.
They coordinated ap-
pointment making with
collateral sales material
and finally the send-
ing of coupons to try the new brand.
Blattenberg and Deighton explain,
“What appeared to the custom-er as a
seamlessly integrated flow of commu-
nications was, in fact, the product of
a number of quite distinct communi-
cation disciplines - print advertising,
direct mail, telemarketing, and sales
promotion.”
One of the best ways to collect data
quickly on your customer base is to
run contests where you offer your
service or product for free to a win-
ner or two in exchange for survey
information. These types of contests,
done correctly, are extremely effective
on social media platforms where one
can reach a large number of people
at once. In any case, the modern age
of advertising is quickly shifting to a
more targeted type of ad.
To learn how your business can bene-
fit from interactive contesting, email
kerri@midmomedia.com for more
information.
3
Fall, 2016	 Volume 1, Issue 1	 www.mysunny1045.com	 www.espn1073.com
Marketing Matters is a quarterly
newsletter for customers—and future
customers—of Mid-Missouri Media,
Inc. It is intended to provide a forum
for trading information about local
business trends, business assistance,
resources and ideas for marketing and
promoting your business.
When possible, we refer you to relat-
ed websites and publications so you
Generations . . . . from page 1
•	 Millennials are much more opti-
mistic about the economy and their
own personal financial outlook. This
in spite of having lower accumulated
wealth, less income and higher debt
than other generations.
“Our studies indicate that Millennials
are different from previous genera-
tions; however, it’s really the nuances
of the customer experience that set
them apart from the rest,” concludes
Keith Webster, senior vice presi-
dent and general manager, service
industries Americas at J.D. Power.
“And it’s those nuances that are so
critical for business leaders to know
right now as they wrestle with the
challenge of anticipating customer
demand in an incredibly fast-moving
marketplace where getting it wrong
can have catastrophic effects.”
Mid-Missouri Media, Inc.
1051 Kingshighway, Suite #6
Rolla MO 65401
573.308.1045
ing is all about delivering timely and
helpful recommendations to shoppers
that help them feel more confident in
making a purchase.”
Translation? Sales associates can
make or break your store. Well
Associates . . . . from page 2 trained, engaged associates will close
business for you and ensure that po-
tential customers don’t turn to the
Internet when they purchase.
(Source: Impact of Sales Associates
on the Shopper’s Purchase Journey,
a survey conducted by independent
market research firm Grail Research,
June 2016)
4	
can follow up on information of inter-
est to you and your business. We also
share our experience as consumers.
Please send ideas and suggestions
to Editor Kerri Glensky, 1051 King-
shighway, Suite #6, Rolla MO 65401.
Or call 573-465-4579. Email: kerri@
midmomedia.com.
A newsletter for you . . . .

Weitere ähnliche Inhalte

Was ist angesagt?

Big data as the next frontier of marketing excellence in nigeria
Big data as the next frontier of marketing excellence in nigeriaBig data as the next frontier of marketing excellence in nigeria
Big data as the next frontier of marketing excellence in nigeriaBayo (Olubayo) Adekanmbi CM(SA)
 
What's Working In Banking (2019)
What's Working In Banking (2019)What's Working In Banking (2019)
What's Working In Banking (2019)Goodbuzz Inc.
 
Social CRM: what it is and how you can use it to grow customer value
Social CRM: what it is and how you can use it to grow customer valueSocial CRM: what it is and how you can use it to grow customer value
Social CRM: what it is and how you can use it to grow customer valueOgilvy Consulting
 
The Future of Customer Service: From Personal, to Self, to Crowd Service
The Future of Customer Service: From Personal, to Self, to Crowd ServiceThe Future of Customer Service: From Personal, to Self, to Crowd Service
The Future of Customer Service: From Personal, to Self, to Crowd ServiceSteven Van Belleghem
 
Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Epsilon Marketing
 
How to deal with customer's intent by Mike Grehan
How to deal with customer's intent by Mike Grehan How to deal with customer's intent by Mike Grehan
How to deal with customer's intent by Mike Grehan Anton Shulke
 
Why Invest in Social Media As A Sales Tool
Why Invest in Social Media As A Sales Tool Why Invest in Social Media As A Sales Tool
Why Invest in Social Media As A Sales Tool Jane Frankland
 
Affiliate Marketing Master Plan
Affiliate Marketing Master PlanAffiliate Marketing Master Plan
Affiliate Marketing Master PlanDennisRachel
 
CMOandRiseofSocialInsights_Updated
CMOandRiseofSocialInsights_UpdatedCMOandRiseofSocialInsights_Updated
CMOandRiseofSocialInsights_UpdatedJordan Alston
 
Out of the box ideas ambush marketing techniques
Out of the box ideas  ambush marketing techniquesOut of the box ideas  ambush marketing techniques
Out of the box ideas ambush marketing techniqueskunzitegroup
 
Iab affiliate-marketing-handbook 2021
Iab affiliate-marketing-handbook 2021Iab affiliate-marketing-handbook 2021
Iab affiliate-marketing-handbook 2021ayoubbensaha
 
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.Isabella
 
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of Brands
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of BrandsWhat Is the Future of Data Sharing? - Consumer Mindsets and the Power of Brands
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of BrandsDavid Rogers
 
The value of loyalty schemes
The value of loyalty schemesThe value of loyalty schemes
The value of loyalty schemescoremediaireland
 

Was ist angesagt? (20)

Big data as the next frontier of marketing excellence in nigeria
Big data as the next frontier of marketing excellence in nigeriaBig data as the next frontier of marketing excellence in nigeria
Big data as the next frontier of marketing excellence in nigeria
 
What's Working In Banking (2019)
What's Working In Banking (2019)What's Working In Banking (2019)
What's Working In Banking (2019)
 
Social CRM: what it is and how you can use it to grow customer value
Social CRM: what it is and how you can use it to grow customer valueSocial CRM: what it is and how you can use it to grow customer value
Social CRM: what it is and how you can use it to grow customer value
 
Driving customer loyalty without the loyalty card by Onur Ibrahim
Driving customer loyalty without the loyalty card   by Onur IbrahimDriving customer loyalty without the loyalty card   by Onur Ibrahim
Driving customer loyalty without the loyalty card by Onur Ibrahim
 
The Future of Customer Service: From Personal, to Self, to Crowd Service
The Future of Customer Service: From Personal, to Self, to Crowd ServiceThe Future of Customer Service: From Personal, to Self, to Crowd Service
The Future of Customer Service: From Personal, to Self, to Crowd Service
 
5 Hidden Factors Driving Complexity
5 Hidden Factors Driving Complexity5 Hidden Factors Driving Complexity
5 Hidden Factors Driving Complexity
 
Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...
 
How to deal with customer's intent by Mike Grehan
How to deal with customer's intent by Mike Grehan How to deal with customer's intent by Mike Grehan
How to deal with customer's intent by Mike Grehan
 
The art of a stellar customer experience
The art of a stellar customer experienceThe art of a stellar customer experience
The art of a stellar customer experience
 
White Paper
White PaperWhite Paper
White Paper
 
Why Invest in Social Media As A Sales Tool
Why Invest in Social Media As A Sales Tool Why Invest in Social Media As A Sales Tool
Why Invest in Social Media As A Sales Tool
 
Affiliate Marketing Master Plan
Affiliate Marketing Master PlanAffiliate Marketing Master Plan
Affiliate Marketing Master Plan
 
CMOandRiseofSocialInsights_Updated
CMOandRiseofSocialInsights_UpdatedCMOandRiseofSocialInsights_Updated
CMOandRiseofSocialInsights_Updated
 
Out of the box ideas ambush marketing techniques
Out of the box ideas  ambush marketing techniquesOut of the box ideas  ambush marketing techniques
Out of the box ideas ambush marketing techniques
 
Value ology(2017)
Value  ology(2017)Value  ology(2017)
Value ology(2017)
 
Affiliate marketing mastermind
Affiliate marketing mastermindAffiliate marketing mastermind
Affiliate marketing mastermind
 
Iab affiliate-marketing-handbook 2021
Iab affiliate-marketing-handbook 2021Iab affiliate-marketing-handbook 2021
Iab affiliate-marketing-handbook 2021
 
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.
Good Ecommerce - A Comprehensive Guide All about Good Ecommerce.
 
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of Brands
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of BrandsWhat Is the Future of Data Sharing? - Consumer Mindsets and the Power of Brands
What Is the Future of Data Sharing? - Consumer Mindsets and the Power of Brands
 
The value of loyalty schemes
The value of loyalty schemesThe value of loyalty schemes
The value of loyalty schemes
 

Andere mochten auch

Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.
Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.
Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.Корпорация Марс-Тефо
 
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)E-Money News
 
ศูนย์ภูเก็ต
ศูนย์ภูเก็ตศูนย์ภูเก็ต
ศูนย์ภูเก็ตJaae Watcharapirak
 
Monografico de facebook
Monografico de facebookMonografico de facebook
Monografico de facebookjoseherrero93
 
ATB Morley - LDPE Autoclave Reactor Motors
ATB Morley - LDPE Autoclave Reactor MotorsATB Morley - LDPE Autoclave Reactor Motors
ATB Morley - LDPE Autoclave Reactor Motorslloyd-preston
 
Analisis dafo. ángel muñoz martínez
Analisis dafo. ángel muñoz martínezAnalisis dafo. ángel muñoz martínez
Analisis dafo. ángel muñoz martínezAngel Muñoz Martinez
 
Manual de frontpage
Manual de frontpageManual de frontpage
Manual de frontpagechequita007
 
Erik Boot - Studying Psychosis in 22q11 Deletion Syndrome
Erik Boot - Studying Psychosis in 22q11 Deletion SyndromeErik Boot - Studying Psychosis in 22q11 Deletion Syndrome
Erik Boot - Studying Psychosis in 22q11 Deletion Syndromewef
 
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...CICAT SALUD
 
Didàctica ii
Didàctica iiDidàctica ii
Didàctica iirosita23
 

Andere mochten auch (16)

Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.
Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.
Корпорация Марс-Тефо: Станция МАРС. Февраль 2016.
 
why we love baking
why we love bakingwhy we love baking
why we love baking
 
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)
РИФ 2008: Онлайн оплата электронного авиабилета (Аэрофлот)
 
Presentation_NEW.PPTX
Presentation_NEW.PPTXPresentation_NEW.PPTX
Presentation_NEW.PPTX
 
Meghana
MeghanaMeghana
Meghana
 
ศูนย์ภูเก็ต
ศูนย์ภูเก็ตศูนย์ภูเก็ต
ศูนย์ภูเก็ต
 
Monografico de facebook
Monografico de facebookMonografico de facebook
Monografico de facebook
 
ATB Morley - LDPE Autoclave Reactor Motors
ATB Morley - LDPE Autoclave Reactor MotorsATB Morley - LDPE Autoclave Reactor Motors
ATB Morley - LDPE Autoclave Reactor Motors
 
Analisis dafo. ángel muñoz martínez
Analisis dafo. ángel muñoz martínezAnalisis dafo. ángel muñoz martínez
Analisis dafo. ángel muñoz martínez
 
Lan
LanLan
Lan
 
Список улиц
Список улицСписок улиц
Список улиц
 
Manual de frontpage
Manual de frontpageManual de frontpage
Manual de frontpage
 
trabajo
trabajotrabajo
trabajo
 
Erik Boot - Studying Psychosis in 22q11 Deletion Syndrome
Erik Boot - Studying Psychosis in 22q11 Deletion SyndromeErik Boot - Studying Psychosis in 22q11 Deletion Syndrome
Erik Boot - Studying Psychosis in 22q11 Deletion Syndrome
 
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...
Trastornos de la coagulación en el embarazo trombosis. manejo y tratamiento -...
 
Didàctica ii
Didàctica iiDidàctica ii
Didàctica ii
 

Ähnlich wie Newsletter Fall 2016

How to reach a customer in the right wayTable of Contents .docx
How to reach a customer in the right wayTable of Contents .docxHow to reach a customer in the right wayTable of Contents .docx
How to reach a customer in the right wayTable of Contents .docxpooleavelina
 
2022 Content Marketing for Demand Generation Survey: Market Brief
2022 Content Marketing for Demand Generation Survey: Market Brief2022 Content Marketing for Demand Generation Survey: Market Brief
2022 Content Marketing for Demand Generation Survey: Market BriefContent Marketing Institute
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...Varun Mittal
 
Engaging Content Marketing
Engaging Content MarketingEngaging Content Marketing
Engaging Content Marketingidio Ltd
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersJill Sida
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingDaniel Howard
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingJen Fiocca
 
whitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingwhitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingHank Burr
 
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016Elizabeth Ming
 
The Future of Marketing 2016: New Roles, and Trends
The Future of Marketing 2016: New Roles, and Trends The Future of Marketing 2016: New Roles, and Trends
The Future of Marketing 2016: New Roles, and Trends Mathew Sweezey
 
Wendy lea, community effect
Wendy lea, community effectWendy lea, community effect
Wendy lea, community effectbill_lee_cce
 
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...Anand Ramakrishnan
 
The secrets of automotive content marketing
The secrets of automotive content marketingThe secrets of automotive content marketing
The secrets of automotive content marketingYING LUI ALAN SIU
 
Please reword these paragraphs in your own words. Do not copy from.docx
Please reword these paragraphs in your own words. Do not copy from.docxPlease reword these paragraphs in your own words. Do not copy from.docx
Please reword these paragraphs in your own words. Do not copy from.docxmattjtoni51554
 

Ähnlich wie Newsletter Fall 2016 (20)

How to reach a customer in the right wayTable of Contents .docx
How to reach a customer in the right wayTable of Contents .docxHow to reach a customer in the right wayTable of Contents .docx
How to reach a customer in the right wayTable of Contents .docx
 
2022 Content Marketing for Demand Generation Survey: Market Brief
2022 Content Marketing for Demand Generation Survey: Market Brief2022 Content Marketing for Demand Generation Survey: Market Brief
2022 Content Marketing for Demand Generation Survey: Market Brief
 
kotlerinterview.pdf
kotlerinterview.pdfkotlerinterview.pdf
kotlerinterview.pdf
 
Evolution of sales
Evolution of salesEvolution of sales
Evolution of sales
 
Evolution of sales
Evolution of salesEvolution of sales
Evolution of sales
 
Brandable newsletter for printers and mailers
Brandable newsletter for printers and mailersBrandable newsletter for printers and mailers
Brandable newsletter for printers and mailers
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...
 
Engaging Content Marketing
Engaging Content MarketingEngaging Content Marketing
Engaging Content Marketing
 
Digital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINALDigital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINAL
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought Leaders
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-selling
 
Whitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-sellingWhitepaper definitive-guide-social-selling
Whitepaper definitive-guide-social-selling
 
whitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-sellingwhitepaper-definitive-guide-social-selling
whitepaper-definitive-guide-social-selling
 
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016
Elizabeth Lee Ming_Strategic Marketing Magazine feature_April-May2016
 
The Future of Marketing 2016: New Roles, and Trends
The Future of Marketing 2016: New Roles, and Trends The Future of Marketing 2016: New Roles, and Trends
The Future of Marketing 2016: New Roles, and Trends
 
Wendy lea, community effect
Wendy lea, community effectWendy lea, community effect
Wendy lea, community effect
 
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...
Bcg building-an-integrated-marketing-and-sales-engine-for-b2 b-june-2018-nl-t...
 
The secrets of automotive content marketing
The secrets of automotive content marketingThe secrets of automotive content marketing
The secrets of automotive content marketing
 
Please reword these paragraphs in your own words. Do not copy from.docx
Please reword these paragraphs in your own words. Do not copy from.docxPlease reword these paragraphs in your own words. Do not copy from.docx
Please reword these paragraphs in your own words. Do not copy from.docx
 
Life cycle marketing
Life cycle marketingLife cycle marketing
Life cycle marketing
 

Newsletter Fall 2016

  • 1. Fall, 2016 Volume 1, Issue 1 www.mysunny1045.com www.espn1073.com Page 1 It’s always the ‘younger’ generation Page 2 Salespeople essen- tial to buying expe- rience Page 3 Interactive Market- ing--One Byte at a Time Generations Some things never change But wait! Our largest generation is Baby Boomers, right? No longer, according to Pew Research. Their studies show more than 75 million Americans were aged 18-34 (Pew’s definition of Millennial) in 2015, compared to 74.9 million who were aged 51-69 (Baby Boomers). No wonder marketers, retailers and em- ployers are trying desperately to get a handle on this perplexing ‘younger generation.’ New research is peeling away our assumptions about Millennials, re- vealing a generation that is simulta- neously very different from and very similar to other generations of U.S. consumers. A March 2016 J.D. Power Report released some eye-opening conclusions about Millennials. • They’re not as fickle or anti-estab- lishment as we assume. Overall, Mil- lennials are generally more satisfied consumers than Boomers. Across 15 industries studied, they particularly tend to be more satisfied in three areas: utility service, healthcare and telecom service. • Customer Service is critical in establishing Millennial loyalty. Mil- lennials have the lowest tolerance for errors and delays of any other generation. They simply expect things to work. However, when their complaints are fully resolved, they’re “The children now love luxury. They have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise.” Socrates said this about the younger generation more than 2500 years ago. But it may as well have been yesterday. We hear and say sim- ilar things about America’s largest generation–Millennials–every day. much more likely than Boomers to reuse a product or service. • Value is the secret to Millennial satisfaction. Millennials are less like- ly to buy things based on status, im- age or brand loyalty, instead making purchase decisions based on value for money. • Millennials are more willing to have their information collected. They accept the erosion of privacy as inevitable will generally fork over information if it comes with benefits such as targeted offer and personal- ized services. IN THIS Issue Continued on page 4 Mid-Missouri Media, Inc.
  • 2. By Kerri Glensky It’s finally happening. Our last little bird is leaving the nest, bound for col- lege this fall. In the market for a suit- able college laptop, my husband and I make our first stop a well branded electronics box store. We’re primed and ready to buy. Only one problem. A sales associate saunters by and sees us looking over the wide selection. He gives us the head nod and says, “Doin’ ok?” Not really. We’d like a little guidance. But our response is automatic. “Yes.” “Let me know if you need anything,” he says over his shoulder. Enter sales associate number two. “How’s it going?” he asks, barely pausing to hear the answer. “Great.” Except we still haven’t been helped. Then along comes Jacob. “Can I help you find a laptop?” “Kid going to college. What do you recommend?” my husband asks, hov- ering over a nice selection of laptops. “Maybe a 2-in-1 . . . .” Jacob reaches across the display and, without hesitation, points to a model a couple hundred over our budget (which he hasn’t even asked yet). “This one. It’s on sale, and we have a special program for students that will give you an additional $150 off.” For the next 15 minutes he pa- tiently walks us through the process of claiming the additional discount in the store. We leave feeling good about our purchase and wondering if the store appreciates what they have in Jacob. Our experience reaffirms the con- clusion reached in a recent Mindtree study: Sales associates are pivotal in the shopper purchase journey. The study shatters the myth that most retail shoppers don’t like to be dis- turbed by sales associates. According to Mindtree, a leading digital trans- formation and technology services company, it also highlights the “. . . highly positive influence sales asso- ciates have on influencing shopper purchases.” In working with local businesses and their marketing, I often hear com- plaints about the Internet and how on- line shopping is garnering an increas- ing share of business. The Mindtree survey offers insight into why shop- pers turn to online, rather than in- store purchasing. Many shoppers rely on interaction with sales associates to make purchasing decisions. This is especially true with product cate- gories like consumer electronics and home improvement. When consumers receive help, they tend to spend more and give the store repeat business. However, 40% of shoppers report they can’t find sales associates when they have a question. The negative experience means shoppers move to a different store or take their search online. What’s the solution? “Conventional thinking in the retail industry is that most shoppers want to be left alone, and that sales associates too often an- noy shoppers by trying to offer assis- tance,” says Sunil Oberoi, Senior Vice President and Head, Retail, CPG and Manufacturing Mindtree. “Shoppers respond positively when they receive helpful guidance from an associate. A timely assistance in store can lead to an 80% increase in transaction value.” Gaurav Johri, Senior Vice President and head, Platforms & Solutions Group, Mindtree continues, “A key part of successful omnichannel retail- Associates can make—or break—the sale Continued on page 4 2
  • 3. Interactive Marketing One byte at a time! By Alex Lamy A man walked into a Target out- side of Minneapolis and demanded to see the manager. In his fist, he clutched several mailers sent to his high school aged daughter. When the manager arrived, the man, obviously upset, asked why Target was sending his teenage daughter advertisements for baby clothes and cribs. “Are you trying to encourage my teen daughter to get pregnant?” he asked. Little did he know, his daughter was already pregnant. Target had begun using an interactive marketing system that could accu- rately predict, among other things, when a consumer might be pregnant based on her buying habits. For ex- ample, many pregnant women begin buying unscented lotion in larger quantities around the beginning of their second trimester. Using twen- ty-five different product markers, Target knew this man’s daughter was pregnant before he did. It’s no secret. Businesses attempt to collect as much data on their customers as possible, but interac- tive marketing is much more than a mailing list full of customer informa- tion. It’s a conversation between the business and its consumer. Robert Blattenberg and John Deighton write in their article, “Interactive Market- ing: Exploiting the Age of Address- ability,” “To appreciate the power of a customer database, one must see it not merely as a mailing list, but as the memory of the customer relation- ship: a record of every message and response between the firm and each address.” In Target’s case, each customer is given a unique customer ID number attached to their name and credit card information. Using this ID, all a particular customers purchases can be tracked. Many grocery stores have implemented loyalty cards which serve the same function. The beauty of these systems is adver- tisers can target specific subsets of the customer database. Now, “… each coupon is not haphazard but a precisely targeted tool in the process of forging a personal bond. . . . the customer speaks through purchas- es, and the manufacturer employs artificial intelli-gence to reply,” say Blattenberg and Deighton. Coke for example could target those custom- ers who specifically buy Pepsi with coupons to try Coke. In this way, Coke drastically cuts down on their advertising cost as more traditional methods simply blast a message to all consumers including those who already drink Coke. Not only can advertisers target a spe- cific subset of customers but they can also time coupons to correspond with other purchases. For example, Johnson & Johnson wanted to promote their new disposable contact brand, Acuvue. They targeted a subset of their customers who went to an op-tometrist who stocked Acuvue and who also respond- ed to disposable lens advertising the past. They coordinated ap- pointment making with collateral sales material and finally the send- ing of coupons to try the new brand. Blattenberg and Deighton explain, “What appeared to the custom-er as a seamlessly integrated flow of commu- nications was, in fact, the product of a number of quite distinct communi- cation disciplines - print advertising, direct mail, telemarketing, and sales promotion.” One of the best ways to collect data quickly on your customer base is to run contests where you offer your service or product for free to a win- ner or two in exchange for survey information. These types of contests, done correctly, are extremely effective on social media platforms where one can reach a large number of people at once. In any case, the modern age of advertising is quickly shifting to a more targeted type of ad. To learn how your business can bene- fit from interactive contesting, email kerri@midmomedia.com for more information. 3 Fall, 2016 Volume 1, Issue 1 www.mysunny1045.com www.espn1073.com
  • 4. Marketing Matters is a quarterly newsletter for customers—and future customers—of Mid-Missouri Media, Inc. It is intended to provide a forum for trading information about local business trends, business assistance, resources and ideas for marketing and promoting your business. When possible, we refer you to relat- ed websites and publications so you Generations . . . . from page 1 • Millennials are much more opti- mistic about the economy and their own personal financial outlook. This in spite of having lower accumulated wealth, less income and higher debt than other generations. “Our studies indicate that Millennials are different from previous genera- tions; however, it’s really the nuances of the customer experience that set them apart from the rest,” concludes Keith Webster, senior vice presi- dent and general manager, service industries Americas at J.D. Power. “And it’s those nuances that are so critical for business leaders to know right now as they wrestle with the challenge of anticipating customer demand in an incredibly fast-moving marketplace where getting it wrong can have catastrophic effects.” Mid-Missouri Media, Inc. 1051 Kingshighway, Suite #6 Rolla MO 65401 573.308.1045 ing is all about delivering timely and helpful recommendations to shoppers that help them feel more confident in making a purchase.” Translation? Sales associates can make or break your store. Well Associates . . . . from page 2 trained, engaged associates will close business for you and ensure that po- tential customers don’t turn to the Internet when they purchase. (Source: Impact of Sales Associates on the Shopper’s Purchase Journey, a survey conducted by independent market research firm Grail Research, June 2016) 4 can follow up on information of inter- est to you and your business. We also share our experience as consumers. Please send ideas and suggestions to Editor Kerri Glensky, 1051 King- shighway, Suite #6, Rolla MO 65401. Or call 573-465-4579. Email: kerri@ midmomedia.com. A newsletter for you . . . .