Marketers are increasingly relying on word of mouth (WOM) campaigns to gain awareness and buyers. Historically, WOM campaigns that give incentives to referrers have regarded them all as “equal” and compensated them equitably. As social media measurement tools make each customer’s influence easier to gauge, using a variable reward scale that pays customers based on their social currency will become a commonplace practice of marketers. [Read more…] about Word of Mouth Campaign Rewards Social Currency
Blog
Build Customer Acquisition Plan Before Launching
A product launch is a seminal event for a company. An extensive amount of time and talent are dedicated to it. It’s thrilling when a launch makes a big splash in the market and sales spike. But, how is your company going to acquire customers after the first wave of buyers have bought? [Read more…] about Build Customer Acquisition Plan Before Launching
CMOs Increasing Product Introduction and Social Media Spending
The greatest increase in CMO spending over the next 12 months will be on new product and service introductions, according to The CMO Survey released this month. Investments in social media will grow too, as CMOs try to better integrate the online medium into their corporate strategies. [Read more…] about CMOs Increasing Product Introduction and Social Media Spending
Eight Mistakes to Avoid When Planning a Product Launch
In the last few months, some very high profile products launches have been deemed a “bust” shortly after their debuts. The most notable of these is the HP TouchPad. Although no one can guarantee that a product introduction will be a success, there are ways to avoid mistakes and reduce the likelihood that it will be a failure. [Read more…] about Eight Mistakes to Avoid When Planning a Product Launch
Video and Your Product Launch
Is your business planning a product or company launch? Make sure to incorporate a promotional video in the mix of marketing materials you’re developing. With YouTube now one of the top three most visited sites on the internet, there’s no doubt that people want to consume content via video. Here are things to consider before you begin creating a launch video. [Read more…] about Video and Your Product Launch
Offer Opt-Down Options to Reduce Opt-Outs
Too many emails from a single sender is one of the main reasons people opt-out of receiving company emails. Does your business want to decrease its email opt-out rate? Deal with the frequency issue and you’re more likely to retain those subscribers. Do this by offering opt-down choices as an option to opting out. [Read more…] about Offer Opt-Down Options to Reduce Opt-Outs