Tales of my experiences in working with small business owners, helping them to get the most out of new media.
Friday, November 19, 2010
Why are there so many foodies? What to do with them?
Tuesday, November 16, 2010
Holiday shoppers spending more online than in-store
The latest Compete Holiday Insights survey shows that in recent weeks more money was spent online by holiday shoppers than in-store.
Friday, November 12, 2010
Get Your Message to High Net Worth Individuals.
Pretty much every day, I speak to clients who want to "contact" high net worth individuals. There is a common perception that NHW folk have too much disposable income and are just falling over themselves to buy stuff from websites. The Truth is that they are probably slightly less likely to sacrefice the instant gratification of the high street to save a few pennies. They are probably also less likely to object to the £4 parking charge in town too.
Wednesday, November 10, 2010
Social media users' brand-love limited, wrath unlimited
This year's Cone New Media Study contains some interesting findings around the limit of a consumer's brand loyalty on social media. Cone's study found that while millions of brands are accessible on social platforms, just five brands can command the loyalty and trust of your average social media user at any one time.
"With the world's most loved brands a click of the mouse away, new media users still choose to demonstrate affinity (e.g., "like" on Facebook, "follow" on Twitter or subscribe to an RSS feed) for an average of only 4.6 companies online, making this club one of the most exclusive to which a company can hope to gain access," says Cone.
Consumers are fickle and, while tempting them to Like or Follow a brand may be as easy as offering discounts and promotions, unless they have good reason to sick they are likely to walk on. To this end, social media marketing must engage punters with compelling content and an ongoing,conversation.
And, be aware that the flow of information on social media sites isn't always positive. The wrath of a dissatisfied social media user can travel far and wide. Cone found that over half of dissatisfied consumers (58%) remove their support on Facebook and Twitter.
Worse still, some unhappy social media users will use every social outlet possible to make sure the world and his dog know about a blunder.
European shoppers are ready for m-commerce
Retailers across Europe need to develop their m-commerce strategies fast as many shoppers across the region plan on using their mobile devices for m-commerce in the next year.
Just as most of us are getting used to e-commerce, a new kid rocks up and starts throwing his weight around in the digital marketplace. That is right, m-commerce is here and its getting all up in your face!
According to new figures released by Akamai, media distribution specialists, a third (30%) of consumers across Europe are using, or plan to use, their mobile devices to conduct e-commerce.
Ten percent of them are already using mobile devices to make purchases and 20% intend to start doing so within the next 12 months. I must add that I personally have completed a number of purchases from my mobile phone, from pizza to dvds.
The evidence indicates that despite there being thousands of mobile apps relating to retailers and brands, consumers in prefer to use mobile browsers to access the Internet. I have done both and although the Amazon app is adequate, a mobile friendly website is much better and usually more up to date with offers and your shopping history.
Recent research by Orange indicates that, mobile browser use was found to be highest in the U.K. (70%) although a similar percentage of French mobile users also prefer browsers (68%). The Spanish are split evenly between browsers and apps while Poland is the only country to favor apps over browsers (45% vs. 39%).
"With increasing numbers of shoppers going online with mobile devices, it is important for retailers to get their mobile e-commerce strategies right the first time and the need for security, website performance, scalability and availability has never been more important to underpin success in the online marketplace," says Akamai's international marketing vice-president, Martin Haering.
Akamai's research also indicates an increase in online spending among 30% of the 1,500 respondents while Spain emerged as the fastest growing e-commerce market in Europe, where 44% of consumers reported a willingness to spend more on-line. The highest spenders online in Europe tend to be aged between 35 and 54 years of age, each spending around $2,111 per year.
Nearly two thirds (62%) of respondents purchased clothes and footwear online, making this the largest category of spend in the survey, followed by more 'traditional' online items such as books and magazines (59%). Online travel accounted for nearly half (47%) of spend.
"E-commerce sales keep growing - despite the recession online sales grew by over 20% in 2009 - and the market is rapidly diversifying," commented Ivano Ortis, research director at IDC Retail Insights, which carried out the research.
"Basket size is increasing, as is the level of services and support that customers are expecting from e-commerce websites."
The moral of the story is, if your customers are diversifying the way they shop, are you diversifying the way you sell? If you are still holding out in going e-commerce, this is the time to address that and look at making your new site mobile friendly.