3 Painless Ways to Use Data to Up Your Brand Reach
Data is all around us, and it’s easier to collect than ever, so it’s no wonder you’re likely hearing terms like “big data” and “measurable marketing” as they’re thrown around from the C-level down to the IT department. Leading marketing companies are using a proactive approach, collecting data to predict brand success on the front end and to measure marketing efforts on the backend. While a lot of businesses hire external agencies for this sort of exploration (not to mention accountability), that’s not always an option for smaller businesses.
Does data collection, measurement and analysis seem like a huge undertaking? Well, I’m not going to lie: It definitely IS. But there are a lot of great ways even small businesses can use data to their advantage. Here’s how…
1. Collect & Care
First things first, if you’re not collecting basic customer data at every interaction, it’s time to get on that. Your best bet is to start with a simple, well-built customer relationship management (CRM) solution. Nowadays, most of the best CRMs are web-based and relatively simple to learn and use. Try Less Annoying CRM or Insightly—both are very affordable. (And hey, take your time finding a CRM that works for your team and your business. This is important. Most CRMs offer a free trial, so go for it!)
Company Culture vs. Brand Personality—Does Your Company Measure Up?
Your brand is the whole package. Or is it? We talk a lot about brand alignment on The Branding Spot blog. A great brand must be consistent across the board to be unique, memorable, and thus: effective. This means your website, your marketing collateral, your logo, your brand colors—everything that says HEY! This is my company! needs to be uniform to get the full effect. Heck, at Spot-On Branding, we even offer our popular Brand Alignment Package to help business owners create a consistent look, feel and flow to their brand online and off.
But what about your company culture? Does your company culture actively represent your brand personality, inside and out? Not sure? Here are some areas to focus on:
Your Team Members
Aside from providing excellent customer service (which can truly make or break a brand), is your team actively representing your brand every day, in everything they say and do?
If your business strives for a professional by-the-numbers appearance (let’s say you’re an accounting firm) and your logo, colors, look and feel illustrate these themes, be sure that attitude extends into your each of your team member’s attitudes. Each of your employees should have a standard, professional phone greeting and voicemail, and a standard, professional email signature. When it comes to their company’s financial future, your client is going to want that consistent reassurance that their money is in good hands.
Whatever your industry, your company handbook should outline how your team members are expected to interact with your customers. This might include always mentioning signature services under their full trademarked name, or, for example, always listing three amenities when a potential customer calls to book a stay at your hotel.
Your Office or Store
When a client, customer, or potential customer enters your office or brick-and-mortar shop, are they greeted with an atmosphere in line with your branding? Let’s say you run a surf shop. You want to be sure your brand extends to your store, creating a fun-in-the-sun feeling with every customer, even if they’re just browsing. If your shop prides itself on custom-made surfboards, be sure your shop environment offers potential buyers every opportunity to ask for more information about your sweet custom boards.
Value Your Brand? Educate Your Audience
The world is always changing, and nowadays it’s changing faster than ever. The good news is, since the advent of a more accessible Internet, today’s educated and curious consumers are regularly hitting the Web to research and discover the benefits of continuously emerging products and services. This is a huge opportunity to market your business and your brand—but there are quite a few tricks of the trade you need to know to best cash in on this opportunity and build your brand in process.
Ask yourself the following questions and you’ll be on your way to educating your target audience, building your brand identity, and seeing more sales in the long run.
Where’s My Untapped Niche?
Chobani tapped into the yogurt market by advertising their new product as not just another yogurt, but instead, a Greek-style yogurt. While most people had never heard of Greek yogurt before, they were immediately interested in exploring this “new” yogurt style that offers less sugar and more protein than traditional yogurt. The Chobani brand was launched in 2007 and in a few short years Chobani became the top-selling yogurt in the United States. (Read: they don’t just top the Greek yogurt charts—they’re THE top-selling yogurt in the entire country, and they became a billion dollar business during a period of economic downturn to boot!)
The Lesson: To educate your audience, first identify your niche.
6 Super-Expensive Products…and How To Knock Your Biz Up a Notch with Perceived Value
While most of us aren’t billionaires, many of us have spent more than the average price on a product or service because we believed the investment (or indulgence) was well worth the cost.
But how much would YOU really pay for the following super-expensive products?
1. Domain Name
In 2007, VacationRentals.com was purchased for $35 million. Next up on the list? Insure.com at $16 million and (of COURSE) Sex.com comes in third at $14 million.
2. Dessert
Serendipity 3 Restaurants offer a $25,000 sundae, the Frrozen Haute Chocolate, made with the world’s finest chocolates and served in a baccarat Harcourt crystal goblet, complete with an 18 carat gold and white diamond bracelet, plus a $14,000 jewel encrusted spoon. Too pricey for your tastes? Try the Golden Opulence instead—a steal at $1,000.
3. Beer
Back in the mid-1990s, a Cambridge archeological team helped recreate just 1,000 bottles of Queen Nefertiti’s 3,250 year old recipe, dubbed Tutankhamun Ale. The brew originally sold for $7,686 a bottle, but the price eventually dropped to $75. Soon after, King Tut’s curse struck again and the brewery closed its doors.