Tag Archives: sales

The Incremental Giveth… and Taketh Away

De-averaging your marketing investments and paying close attention to how your incremental marketing investments pay off is a post I’ve been intending to write for a while now.

The good folks at Rimm-Kaufman group, however, saved me the trouble with yesterday’s excellent PPC Averages can Hide Incremental NightmaresPlease take the time to read it.

As I was reading it, I started to think about applying LTV to the methodology.  When you think about making decisions based on LTV, the story becomes even more clear.  All will be revealed (with a graph!) after the break.

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Stupid Email Tricks or Welcome to 1997

colar bearEver get email that just makes you wonder who’s minding the shop?  I was looking to redeem some My Coke Rewards points for a free T-shirt and couldn’t find anything in my size.  I filled out an on-site question and got a response back in 3 minutes.

This was good!  Unfortunately it was a response that only told me they were going to respond and triggered some laughter on my part.

The email took me right back to the early days of the first CRM systems and looked like a programmer’s “default” response that nobody at Coke‘s vendor could be bothered to adjust.  Well, it’s only been two years since the program launched, so perhaps I need to give them some time.

In all honesty, I truly believe that Coke will put the right sizes back in stock and I’ll be happy.  I’ve never had anything other than a good experience with their products and practically marinade in Coke Zero.  I just wish they’d read their emails before they sent them out.

Summary and key takeaways

  1. Check all your customer communications by putting yourself in their place.  That means log in at home, at night and do the strange and wonderful things that our customers do.  See how you respond and see if it makes sense.
  2. Put your customer communications on the wall.  The best idea I’ve heard is to set up a room and lay out everything you do to communicate with your customers, in the order in which it’s sent.  On the stuff that doesn’t make sense, is off brand strategy or just ugly, tag it with a red sticker.  Then start punching through in priority order, particularly the things that hurt conversion or drive down ARPU or unit of sale.

Read my email chain with KO after the jump.
Creative Commons License photo credit: myuibe

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Duran Duran, luck and marketing

Simon LeBonAt one point during my college days I wanted to be an A&R guy for a record label.  My reactions to smoke-filled clubs and early-to-bed habits caused me to rethink that career option.

But music, and the marketing of it, has remained a lifelong interest.

Last night, my wife and I saw Duran Duran at Merriweather Post Pavilion in Columbia, MD.  This was her 11th or 12th time and my 10th time to see the band.

When you go to a Duran Duran show, you know you’re going to see a great performance, an enthusiastic crowd and hit after hit.

What I didn’t expect was a textbook example of creating and maximizing a marketing channel, and an example of how big a part luck plays in everything we do as marketers.

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Make your mantra "make it easy"

Getting up close with my dinnerGuy Kawasaki, who is one of my favorite regular blog reads and speakers, is the author of The Art of the Start, which is a quick and worthwhile read for anybody thinking about starting up their own company.

One of the 10 things you should do, according to his book, is “Make Mantra.” I absolutely loved this, because it accurately describes what all truly innovative companies are doing and, more tellingly, what a lot of big companies are not doing.

I think that Papa John’s has “Made Mantra” with their focus on making it easy for the customer to order.  They’ve sold over $1 billion of pizza via their online ordering tools.  According to the CNN article, it’s just the start of likely dozens of new ways a Papa John’s customer can order.

Now that’s a mantra–make it easy to order.

So what are you doing to make it easy for your customer to buy more of your products?  Or more often? Or more efficiently?

Guy Kawasaki talking about “Make Mantra” is below.

Creative Commons License photo credit: ronnie44052