You’re Doing It Wrong: 5 Takeaways from #YaleInsights15

Posted by Julie Kurd

Tue, May 19, 2015

 

Customer Insights catIf your brand were a meme, would it look like the one on the right? At the 2015 Yale Customer Insight Conference in New Haven, Connecticut, we heard a lot about the evolving marketplace, powerful consumers, and how to get it right.  We’re living in an increasingly customer-centric world—a world where businesses are taking cues from their customers like never before.  Deepak Advani, GM at IBM Commerce points out that more than three-quarters of customers think brands don’t understand them.  So, if you are doing it wrong…how can you get on track?

  1. Visual language first.  Facebook’s Director of Global Agency development, Patrick Harris says that rather than talk about a good book/trip/movie, people are posting a picture of it to “show not tell.” Facebook estimates a 75% global increase in visual language.  Are you wasting time on content no one will read or resonate with?

  2. Be loved by Millennials.  Millennials aren’t fighting the power…they are the power and they know it.  If they don’t love your brand, it is game over, you just don’t know it yet.  Anne Hubert over at Viacom’s Scratch asked us to consider a generation that’s 86 million strong and demands an emotional connection to your brand. You can call them raging narcissists with their heads in their phones and unprofitable for your business model, but if you think they aren’t a factor in your business, Hubert says they might be ignoring your brand.  And all that equity you’ve banked can disappear if they don’t want to work for you and they don’t care about your products/services.

  3. Curate good (not branded) content.  GE may be among the largest companies in the world, but Linda Boff, GE’s Executive Director of Global Brand Marketing, is under no illusions that they need to curate exceptional content— allowing their values of optimism, innovation and flexibility to shine. For instance, GE created 100 pairs of sneakers to celebrate their role in the moon landing. The kicks had everyone from sneaker-heads and fashionistas to museums talking.

  4. Self pace.  Ossa Fisher, CMO at ISTATION showed us the power of pacing and 1:1 learning. A child having trouble with a subject can self-pace their learning on smartphones and tablets, avoiding the embarrassment of being too slow (or too quick) in a larger classroom.  Without the stigma, the child can focus on what they know and don’t know, and work at a comfortable pace.  Even the classroom instructor is excited because she can monitor progress toward a goal without slowing down the class.

  5. Share.  Richelle Parham (Former CMO of eBay) and Bob Adams (Senior Director at Visa) talk about the rise of the sharing economy. Uber, Lyft, Airbnb and many others are disrupting entrenched businesses and focused on customer needs. For example, dog owners love their dogs and it feels very wrong to leave the dog in a small cage while the owners go off on vacation.  In the sharing economy, dog lovers can be matched to other dog lovers and can ensure their dog is also going on a great vacation in a loving home.

As you head into the summer months, recognize the ways your company may be “doing it wrong” and take strides to sharpen and grow your brand.

Julie is an Account Executive. She is in her element connecting with innovative big thinkers on topics ranging from emotion to mobile and complex choice modelling. Follow her @julie1research using hashtag #MRX.

Topics: Marketing Strategy, Brand Health & Positioning, Conference Insights, Generational Research

Social Media? Scandal's Got It Handled.

Posted by Kirsten Clark

Thu, May 14, 2015

describe the imageDo you have plans tonight?

If you’re like me, you’ll be snuggled up on your couch with a glass of red wine in one hand and Twitter pulled up on your phone in the other, ready and waiting for tonight’s Scandal finale. I’ll admit it: I love all Shonda Rhimes’ shows. I’ve watched Grey’s Anatomy since season 3 and How to Get Away with Murder after it premiered last fall. But as much as I love these two shows, I know I can DVR them and avoid spoilers. There’s one of Shonda’s shows, however, that I will move mountains to watch live because I just know that if I don’t, I will be spoiled the minute I go online. That show, ladies and gentlemen, is Scandal.

Since its premiere in 2012, Scandal has positioned itself as “event television”—the kind of can’t-miss show that needs to be watched live to get the full experience— which, if you think about it, is a pretty amazing feat. Just a few years ago, event television was thought to be dead with few exceptions (award shows, sporting events, etc.), but Scandal has resurrected it. How? Through cliffhangers, top secret plots, and brilliant marketing campaigns. But none of these have contributed more to this positioning than the show’s masterful use of Twitter.

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The community the show has built on Twitter has been key to Scandal’s success, and this success story has a lesson that all brands should remember: loyalty and engagement are key. So, how has Scandal been able to do this? Through an immersive campaign that integrates organic fan-generated content with participation from cast and crew members. Each Thursday night, I am one of the #Gladiators scrolling through Twitter to read live tweets from fellow fans as well as cast members. The actors on the show are not the only people participating—fans can chat with Scandal’s writers (@ScandalWriters), prop master (@scandalprops), makeup department (@ScandalMakeup), and others.

In addition to live tweeting, Scandal has also brilliantly incorporated hashtags into its social media strategy. For instance, in 2012, the show was one of the first programs to advertise on Twitter and to feature a promoted hashtag (#WhoShotFitz) in advertising. The show uses a variety of hashtags for different purposes. For example, the show used #ScandalRecruitment during one month in season three to attract new viewers, and it often promotes #AskScandal, which viewers can use to ask a cast or crew member a question about the show.

All of this has culminated in a massive social media following. The show’s fans send out over 350,000 tweets per episode and, until recently, Scandal had the highest average tweets per episode during live airings of any broadcast drama this season. The show that beat Scandal? Newcomer Empire, which has based its social media strategy (live tweeting, promoted hashtags, etc.) off the success of Scandal’s strategy.

You’re probably asking yourself: why does this matter? First of all, after watching Olivia Pope shut someone down with a scene-stealing speech, is there anything more exciting than getting to directly interact with Kerry Washington about that exact scene? (The answer is no, people.) More importantly, Twitter released a study last May which found that after seeing TV-related tweets, 90% of people take “subsequent action such as watching a show they’ve never watched before, resuming a show that they’d previously stopped watching, and/or searching for more information about the show online.” Let this be a lesson to all brands (not just television shows): building a passionate fan base on Twitter generates loyalty and engagement, which in turn generates increased revenue.

So, fellow Gladiators, cancel your plans and settle in, because tonight promises to be another adventure—both on-screen and on your Twitter feed.

Kirsten Clark is a Marketing Associate at CMB who one day aspires to be like Olivia Pope. . .except without all torture, murders, and Presidential affairs.

Topics: Marketing Strategy, Social Media, Television, Customer Experience & Loyalty, Media & Entertainment Research

The Early Bird Gets the...Black Friday Sales Dip?

Posted by Will Buxton

Thu, Dec 11, 2014

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I like to call myself a Holiday Champion. I like to think that I enjoy the Holiday Season more than most people, and I’m definitely one of those people who is more jovial in December than any other time of year. You can probably contribute my enjoyment to one of the following:A) The Holiday Season’s reliable signaled start (post-Thanksgiving) and finish (New Year’s).

B) The result of having a December birthday (please send all birthday presents to CMB).

C) I love the snow and the association it has with the Holidays.

D) My appreciation of all the rituals and traditions accompanying the Holiday Season.

E) All of the above

I believe it is E) All of the above, but it’s likely that some factors are more influential than others. Because I’m so appreciative of this time of year, I find myself hyper-sensitive to the events surrounding the Holiday Season. Here’s another fun fact about me: I like structure. Things around the Holidays are supposed to happen in a certain order. For example, Thanksgiving comes before Christmas and Christmas comes before New Year’s. However, more and more often, humans and even nature keep messing up the order of Holiday Season events . . .  and I’m starting to worry about the long-lasting consequences.

A few examples:

  • In 2011, New England received a considerable snowstorm just before Halloween, and despite my love for snow, it felt too soon.
  • This year, there were faux Christmas trees for sale at my local wholesale club the day after Halloween. Too soon.
  • Also this year, Kmart unofficially released the first Christmas shopping commercial on September 5th. TOO SOON.

In years past, I thought that my displeasure with these “too soon events” was because I had my own preference for what the order of the Holiday Season should be. However, it seems that this year, other Holiday Champions are sharing in my disapproval. This year also marked some of the earliest “start” times for Black Friday (is it still Black Friday if it starts on Thursday?) with stores opening at mid-afternoon on Thanksgiving Day. This list includes Old Navy (4pm), Best Buy (5pm), and Walmart (6pm). All of this must mean that spending is through the roof, right?

As you may have read by now, initial reports show that total spending on Black Friday was down 11% overall from last year. Some speculate that Black Friday numbers have dropped because of the lingering effects of the most recent recession and the increase of shopping on Cyber Monday. However, consumer confidence has been rising the past few years and holiday sales figures rise steadily every year.

Much of the advertising leading up to Black Friday this year focused on the time at which a particular store would be opening or the level of discount on particular products. Personally, what I felt was largely lacking from a lot of advertisements was the creation of a need or want for the consumer so that he/she would care about these start times and deals. I need a reason to keep track of what stores open at what times and where the best deals can be found. Is it possible that one of the contributing factors to the drop in sales for this year’s Black Friday was these misdirected marketing campaigns? Or is it that the frequency of messages and advertising extremely early doesn’t have as much of an impact on customers as we are meant to believe?

One of the ways Chadwick Martin Bailey helps our clients avoid communicating information and messages that don’t resonate with their audiences is through techniques such as Key Driver Analysis, Maximum Difference Scaling, Latent Class Segmentation, Discrete Choice Modeling, and TURF (Total Unduplicated Reach and Frequency) Analyses. In combination with 30 years of experience, each of these tools affords CMB the flexibility to tailor the right questionnaire design for each client, market, customer, and product. By utilizing the right analysis, CMB is able to see beyond self-reported tendencies or likelihoods and through to the emotional drivers or motivations that trigger consumers to behave in particular ways.

Given the knowledge and capabilities of Chadwick Martin Bailey, I can only hope that one day I will see a commercial for my favorite store that goes something like this…

“Happy upcoming birthday, Will! Now that Thanksgiving has passed, it looks like it is going to snow just enough for snowballs but not so much that you’ll have to shovel the driveway! So how about you put up all your seasonal decorations, and then come into [insert store here] and buy that hover-board or teleportation machine you’ve been wanting this year!”

Will Buxton is a Project Manager on the Financial Services Team at Chadwick Martin Bailey. When not complaining about having a birthday right before Christmas, Will enjoys long drives on short golf courses and riding in party buses in Chicago.

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Topics: Advertising, Marketing Strategy, Retail

Stitch Fix's Fixation on the Customer Experience

Posted by Amy Modini

Wed, Nov 05, 2014

iStock 000004343641SmallHow many of you are always looking for another minute in the day? Or perhaps some of you want something new, but don’t have time to get to a store? And how many others of you just simply hate going to brick and mortar stores? Stitch Fix, an online personal shopping stylist, is a service in which you set up a profile and pay a $20 styling fee to have five items shipped to your door. The styling fee is applied to the items you keep, and anything you don’t want has to be sent back within three days (in the pre-paid postage package provided). The service appeals to those busy women needing convenience. 

I ordered my first “fix” last December and loved it. Like the 70% of customers, I returned for a second time. Not only is this service convenient (after setting up your profile, you literally click a button to order your next fix and select a date), but it offers fairly reasonable prices. I get excited every time Stitch Fix sends me a box, and that excitement quickly accelerates or disappears after I see what’s inside. While I loved every piece in my first fix, I’ve since had mixed results, loving and hating certain pieces.

Since launching in 2011, Stitch Fix has done several things right as it continues to build its brand and enhance the customer experience. Here are a few:

1. Knowing the target audience.  

Stitch Fix does this well. Even though the company states that its customers range from teenagers to senior citizens, it realizes that busy women in their late twenties to thirties are its primary audience. This is why convenience is at the company’s core. For busy women, the experience needs to be quick, easy, and stress-free, and Stitch Fix has been able to do just that. The company is also appealing to those women who take fashion risks, dislike brick and mortar shopping, look for the latest and greatest trends, and are perhaps less price sensitive than others. 

2. Leveraging word of mouth and building advocates.  

An integral part of this service is its referral code system. The referral codes allow customers to earn $25 toward another fix if a friend uses the referral code for her first fix. I have seen countless friends post about Stitch Fix online. Even I have told some friends about the service—especially when I receive a compliment on one of my Stitch Fix pieces—so it doesn’t surprise me that word of mouth referrals account for 95% of Stitch Fix’s new customers.

3. Listening customers and making adjustments.

Several months ago, Stich Fix began to get a lot of publicity. Thus, demand increased and wait times became significantly longer. The company quickly realized that this resulted in a not-so-positive customer experience, so it expanded its team of stylists and shipment centers, which ultimately reduced wait times. Stitch Fix’s goal is to provide the best possible “fix” for each customer, so it continues to encourage customers to communicate through a variety of ways such as writing notes to stylists, setting up a Pinterest board to show pieces you like, and sending specific feedback on the clothing pieces you receive.

It’s not difficult to see that Stitch Fix has no shortage of data to analyze or algorithms to apply when determining which pieces customers will enjoy, but it doesn’t rely solely on the data. It takes the data and combines it with the expertise of a stylist. In the market research world, I see this as the delicate blend of art and science.

It’s been a few months since I’ve gotten a fix, and with the season change, it’s about time I click that button to order my next one! 

Amy is an Account Director and a mother of two small kids, which makes her an ideal target for this service. She’s willing to give her Stitch Fix referral code to anyone who wants to try it.

New Webinar: The New Hotel Path to Purchase: The Mobile, Social, and Online Journey – As part of CMB’s Consumer Pulse program, we asked 2,000 leisure travelers to share their journey from awareness to booking. This webinar will give insight into the role of mobile, apps, customer reviews, and social media. 

Watch Now!

Topics: Marketing Strategy, Customer Experience & Loyalty, Retail

Sponsorship Advertising: Odd Couples That May Succeed

Posted by Kate Zilla-Ba

Wed, May 28, 2014

advertising sponsorships

We are constantly talking with companies about how their positive and desired brand messages—from all possible sources—need to match up with the experience their customers have when interacting with them.  Our approach to brand tracking is based on the premise that movement along the customer journey is driven by customers’ perceptions and is informed by what is promised as well as what is delivered. However, some experiences are obviously more in the control of the company than others. And one place where a company can really have impact is via sponsorships in advertising—and some of these partnerships aren’t always as straightforward as beer and football.We’ve all seen unusual pairings.  One recent example is Meb Keflezighi, the 2014 men’s Boston Marathon winner, who is now sponsored by Skechers.  This has drawn some attention as Skechers has not historically been a brand associated with running—much less elite running.  In fact, some might associate Skechers as more of a soccer mom brand. (Remember those rocking walking shoes from a few years back?)  But this new partnership certainly has the makings of a game changer for their “GoRun” line now that Keflezighi has catapulted them onto this new scene.

Here’s another seemingly odd-ball combination that is hitting the stage this summer.  The Colorado Symphony has a three show concert series coming up sponsored by the cannabis industry (which was recently made legal there for recreational use).  They already have numerous concerts that look to be targeting a younger demographic, such as a Harry Potter themed concert and their “Beethoven and Brews” series. This new concert series called “Classically Cannabis” appears to be just another attempt to draw in a new audience while keeping their art alive and kicking (not to mention that the cannabis industry has increasingly deep pockets).  It has certainly drawn media attention, and their online explanations via an FAQ are thoughtfully done, regardless of your stance on this issue. 

But what does this new series do to the Colorado Symphony as a brand as it currently exists? Presumably, they have researched whether or not this will cause damage to their brand image by alienating loyal customers, and moreover, whether this will in fact be appreciated by those loyal listeners as well as expand their existing audience with new listeners. 

Let’s shift to the world of high fashion. Fashion Week has both some expected and perhaps unusual sponsors.   Mercedes—check.  Office Max—huh?  Apparently, the latter had some “fashionable office supplies” to put out on the runway.  According to reports of those who work with Fashion Week sponsors, those brands do need to have a relevant story to tell, which in this case may well be true.   Understanding the impact or ROI of an ad sponsorship can be tricky, but should always happen and be taken into consideration.

There’s also outer space—the final frontier.  We’ve probably all seen or heard about the private rocket companies (e.g., SpaceX) that are building and sending people or satellites up into the nether sphere.  But one of the most outlandish companies may be Mars One, a non-profit company with plans to “establish a permanent human settlement on Mars.”  This venture is to be funded through crowd-sourcing, TV rights, and sponsorships. 

The plan is to launch teams of four on a one-way ticket to a pre-established mission, which will begin to be set up in the next few years with the first manned launch currently planned for 2024.  So we could see Pepsi on Mars, although most sponsors thus far are technology firms.  Taking the hypothetical (at the moment) notion of cola on Mars:  what does that potentially do for the brand sponsor?  Perhaps it could be a way to reinvigorate their brand with a sense of adventure or a way to evoke emotions of excitement.  

How about Mars candy on Mars?  Of course, I am not the first to make this connection.  Though I strongly suspect that the rockets sent out on that journey will be stocked up with water and nutrient-rich supplies instead of candy bars—or so I hope for those brave enough (some may say stupid enough—but they probably said the same of Columbus or his fellow “explorers” once upon a time) to sign up.  Apparently, there have been many to volunteer—upwards of 200k of which 700 or so are still in the running. 

It will be fascinating to see what unexpected brands might sponsor Mars One over time.  However, once arrived on the red planet, there’s no guarantee that the participants will keep the cameras on and the sponsored items in view.  Now there’s a risky proposition. 

Maybe Mars One could look to the example of the Colorado Symphony if they really wanted something unusual.   And, if they want CMB to measure the degree to which that is compatible with their overall strategy and goals—BEAM ME UP!  

Kate is a Project Director, working with clients across many industries at CMB. She has been known to perform in local musical theater here and there, speaks three languages well and a few others passably, and would never sign up for a Mars mission. 

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Topics: Advertising, Marketing Strategy, Brand Health & Positioning