Wednesday, November 10, 2010
The Effectiveness of Digital Channels
The effectiveness of digital channels for companies has become more and more necessary and relevant. They allow companies to address and interact with consumer’s head on, sell products, stay updated on the business world from a competitive perspective and allow them the opportunity to gain and/or sustain their competitive advantage.
There are many digital channels out there especially if you interpret the word in its entirety. These channels could mean social media, email, mobile apps, display ads and much more than your attention span could absorb while reading this. Strategy is as big a deal as knowing the channels that are available and utilizing them. These channels can grow, sustain or not affect your business at all but that depends on you. The digital channels I choose are ones that I find effective for myself as a consumer which in turn gives me insight on how to utilize these same channels from a business standpoint.
Three digital channels that catch my attention are: email/newsletter, social media and advertising. My short definition for the reasons I chose these channels is as follows: you keep in touch with consumers through email, you reach out to them with social media and you bring them in and/or keep them with advertising.
I believe these channels are effective because they are more direct methods of getting to their core consumers. For instance, I love Papa John's pizza so when I receive a text or email about a special offer the chances of me going to their website and ordering something is very high. So not only am I satisfied with the product, I also put myself in a position to feel special enough for that company to contact me when they are doing special promotions. I think the psychological effect that occurs from the marketing strategy of a company is the magic that is marketing.
Tips:
1.) A good tip for a marketer to understand is the “psychology” involved that I mentioned before. Consumers hate ads but they love to be targeted in the sense that they are getting special offers or immediate updates and information on the companies/products they love.
2.) Another tip is that you should know how you can best reach a consumer and this to me is why social media is important and effective because most of our time throughout the day is spent on social media sites.
3.) The last and most important tip for any company is to formulate an objective for your marketing strategy to align with. Who are you trying to reach? What are you offering once you reach them? How will you keep their attention?
The best marketers are consumers because we know what we want. I think when a company can turn away from the bottom line and put themselves in consumer’s shoes I believe they can cook up a great and effective marketing strategy very easily.
Tuesday, November 2, 2010
The World of VD
The very sight of VD probably raises an eyebrow to those reading this right now. But unlike what we have known the abbreviation for in the past (and present, smh), is the best abbreviation I could cook up that integrates video with the digital world. Now that we have that all cleared up, let's briefly talk about digital marketing.
Anybody (or company) that considers themselves digital marketers should be more than willing to use video in their digital advertising campaigns. The population is spending more and more time online than any where else in terms of entertainment, news, work, and whatever else you can think of that can simply be typed into a Google search bar. The population is not only doing this on a desk or laptop but on their phones, gaming consoles, iPad, etc. Most of the projections on where digital marketing was heading have come alive rapidly. So the “smart marketer” would advertise where the traffic is most likely to take place, which is within the digital realm.
Below are two video posts within the entertainment industry that execute the digital marketing concept:
The first video “Lebron Rise” is Nike’s initiative of giving one of their top athletic sponsors an opportunity to react to all the ridicule of “The Decision” where James announced to the world that he was going to leave Cleveland and play in Miami back in July. This video has received over 3 million views since the commercial aired on Oct 24th, 2010 (same date as NBA season opener). Nike has effectively displayed their support for their superstar sponsor and has received the attention they sought out all the while advertising Lebron James’s latest shoe from the collection he has released with Nike since being drafted in the NBA in 2003.
The last video is one of the few collaborations with HP and Beats by Dr. Dre. Both companies effectively integrate music and technology to promote a laptop and its booming speakers (an extension of Beats by Dr. Dre headphone collection). HP is obviously trying to send the message that their laptops are capable of more than surfing the net and completing projects but are a great multimedia tool, particularly, for music. Dr. Dre showcases a flawless composition (as usual) in the back ground giving consumers an idea of just how well he knows a good sound and that Beats by Dr. Dre can help them obtain that same knowledge within the experience from his signature speakers and now popular brand. It’s clear that this video is obviously pushing digital marketing to those many digital users/consumers.
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