Wednesday, December 5, 2007
- Justin Boeckman
I am currently attending the Search Engine Strategies conference in Chicago. Even though the airline lost my luggage and I had to wear sweats half of the first day I am having a blast learning new strategies and techniques that will no doubt make our clients money.
I really enjoyed the seminar Redefining the Customer by Brian Eisenberg of Future Now Inc and keynote by Don Schultz. They were both discussing in detail about how consumers in all markets have changed. Companies need to adapt their marketing plans to capitalize on the new generation of consumers. The best branding approach once was spending enough marketing dollars to keep in front of your target audience. Today's consumer wants to be active in their purchase, they want to research items, ultimately they want control. Control? You might ask, why would we want to give our customers control?
The answer is simple. If you want people to talk about you and your products or services you have to be willing to listen to them and take their feedback. A recent survey stated that 40% of Americans admit to sleeping while watching TV and with Tivo/DVR the number of people that fast forward through commercials is huge (Who watches them anyway). This means that unless you are selling medicine for narcolepsy or you are the sonic guys your chances of getting sales/customers in traditional advertising is tough.
The movie Gigli is a good example of how the consumer market has changed. Sure the movie was bad and never going to make it on my top 10 but you could literally watch the numbers drop from the east to west coast. Gigli set the record for the largest second week-end drop ever. This can be attributed to movie-goers blogging, writing bad reviews and how easy it is to access that information via the Internet.
I am not suggesting that you convert all of your marketing dollars online but I do recommend you start being conscious of how it can impact your bottom dollar. As you continue your traditional advertising keep in mind that people will come to your website so reflecting your offline media with your online media is crucial.
I'm sure everyone remembers the Godaddy Superbowl commercials. Two years ago the commercial increased their traffic by 1100% pretty impressive but when you went to the site there was no picture of the model used in the commercial or an easy way to access the commercial unless you were actively looking for the link. The following year they played a spin off of the same campaign but backed it up on the homepage of their website with a picture of the girl in the commercial. The traffic was down 48% from the year before but they ended up driving 100% more revenue.
It's safe to say that as the new generation of consumers continues to change and demand more your company must do the same if you want to continue to survive in the marketplace.
Maximize your online brand today.