Archive for Strategy

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How Facebook’s New Algorithm Impacts Brands

Brand impacts of new fb algorithm

On Tuesday, Facebook announced changes to their News Feed algorithm. We’ll overview how these changes affect marketers and brands and what they can do to be successful, but first: the changes from Facebook.

“Previously, we had rules in place to prevent you from seeing multiple posts from the same source in a row. With this update, we are relaxing this rule.”

“The second update tries to ensure that content posted directly by the friends you care about…will be higher up in News Feed so you are less likely to miss it.”

“Lastly, many people have told us they don’t enjoy seeing stories about their friends liking or commenting on a post. This update will make these stories appear lower down in News Feed or not at all…”

How will these changes affect brand page reach?

More posts from friends and more posts from the same source mean less room for brands. Additionally, brand pages will see less activity generated from users engaging with brands because that content will be served up less often to users.

Facebook tries to keep brands from freaking out by saying:

“If you like to read news or interact with posts from pages you care about, you will still see that content in News Feed.”

But we know what this really means.

The window of opportunity for brand content to be served in the News Feed just got more competitive and more expensive.

“The impact of these changes on your page’s distribution will vary considerably depending on the composition of your audience and your posting activity. In some cases, post reach and referral traffic could potentially decline.”

If that sounds vague, it’s because it is.

Will your reach go up, down, or sideways? For the reasons we outlined above, you can go ahead and bet the farm on declined brand reach.

So, what should we do? Two things:

1) Only publish truly engaging content. 

Does it create an emotional response? Meaning, is the post relevant, funny, clever, beautiful, interesting, or create desire or action? Facebook even reminds us in their announcement to post “things that people find meaningful.” Commercialized content has no place in the News Feed.

2) Increase your Facebook budget.

Facebook’s CPM in Q2 of 2014 was $1.08. By the end of 2014 it was a staggering $4.40 and will only rise. Impressions will continue to decline with these algorithm changes and with more brands entering the space.

Facebook was never intended to be a free advertising channel. The glory days of free and bountiful organic reach are long gone. If you want your brand content to be seen you have to pay to play; just like display. Don’t get discouraged by Facebook’s changes. Instead embrace the idea of delivering meaningful content to a highly targeted audience supported with a smart budget. The results will be better than ever!

Let us know how IQ can help you deliver better content to highly targeted social audiences.

 

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6 Ways Financial Institutions Can Simplify Copy

Simplify Financial Copy

Finance isn’t simple. Unless you’re armed with a handy jargon cheat sheet, ‘Compound Interest’ and ‘The Rule of 72’ just sound like bad action movies. So for those of us who can’t leave a tip without a calculator, pinpointing something like the appropriate amount for a home equity line of credit can be overwhelming. What does this mean for financial institutions in our digital world? Consumers are searching for straightforward content, and whoever has easy-to-understand copy wins.

How can financial institutions simplify their copy? 

1.  Jargon-proof your copy.

Nothing scares a consumer more than confusion. Believe it or not, not everyone knows the difference between APY and APR, especially millennials as they age into the market for mortgages, car loans and other financial products. Spelling out acronyms and offering short definitions can be the difference between closing the tab and clicking “open account.” Vanguard spells out exchange-traded funds on first mention, rather than simply saying ETFs. Then, they give an overview of what this means as well as how to choose which is right for you. By skipping the technical language, brands can build trust.

2. Show real-life examples.

Consumers want to know, “What exactly is in this for me?” Often, financial services can seem abstract or uniform compared to services offered by other institutions. By helping the consumer see real-life use, it’s easier to establish need. For example, Simple doesn’t say, “We track spending in your checking account.” They say, “Goals and Safe-to-Spend go hand in hand to help you control and understand spending while making sure you have enough to pay the bills-and maybe even save up for something special.” That way, the reader doesn’t just see a digital service — they see secure rent and a fridge full of groceries.

3. Keep it short and sweet.

Big chunks of text can make simple copy seem complex. Be sure to cut empty copy and see what can be said in fewer words. Break up copy with more paragraphs and punctuation. Splitting sentences doesn’t always save space, but it does improve readability. That’s why Mint’s website reads, “Bills? Paid. Don’t miss a bill again. See and pay your bills on one place.” That’s much better than “With the ability to view bills and make payments on the same website, you’ll be less likely to incur late payment fees,” right?

4. Just come out and say it.

Honesty is the fastest route to credibility. If consumers feel like they need a microscope to spot the difference between services, the choice won’t be made with confidence. After all, value can’t be built if consumers aren’t sure what a service is. While Gateway Bank offers multiple checking accounts, each is identifiable through simple headlines and copy that explains which account best suits different life stages and needs. Because “people who just want the basics” have different needs than teachers or retirees.

5. Get personal.

In 2013, Pew Research Center reported that 51 percent of Americans chose online banking over in-store. This means less representatives sharing brand values and walking customers through financial processes. And you know what? A human touch brings simplicity to difficult or new processes. Incorporate personality reflective of a brand’s voice and tone, and offer additional help through straightforward calls to action. GoBank adds personality to copy with short lines like “Psst… you can also find free nearby ATMs with our mobile app.” Personality can lighten financial copy, as well as encourage consumers to follow along to the next step.

6. Speak the customers’ language.

Not only does speaking the customers’ language help readers understand copy, it boosts search optimization. By using phrases customers are already searching for, you can better drive traffic to your online content. Google Hummingbird picks up on conversational queries, like “How do I open a bank account?” So think about how customers speak and ask questions, then provide copy to match. To give users the most accurate search results, pinpoint which pages should use which keywords and phrases. Don’t overuse them — over-optimizing your content does more damage than it does good.

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Every Brand Needs a Playbook

Creating a brand's playbook

An Evidence Based Approach

Marketing has become a very complicated game. On every play there are thousands of possible permutations and like chess you have to not only win the moment, but also make it part of the bigger strategy. It’s not easy because there are so many things to consider, from the sheer number of channels and influences, to the behavior of the independent minded, digitally savvy consumer. Trying to do it by gut, or even experience, alone is just not possible anymore. That’s why brands need an evidence-based approach to marketing planning.

First Things First

There a number of steps to developing a plan, each building on the other, but to begin you need to gather all the intelligence you can find. This includes data and insights on barriers and opportunities inside your company, the category, the competition and the target consumer. It also includes doing a health check on the brand position, reviewing the lead process, if any, the conversion process and the role of technology; internal and external. Then with, hopefully, target audience segmentation and personas in hand, you should conduct a competitive analysis, use social listening to see what your targets are talking about, and analyze search patterns to glimpse what they are actually doing.

Mind the Gaps

Normally companies already have lots of this information, as well as Attitude & Usage research, sales and geographical data and so on. The idea is to synthesize all this data into insights and direction. But first you should determine the gaps in your knowledge, where you need additional understanding, and decide how critical it is to fill those gaps. Often stakeholder interviews, across the organization, from sales to the executive suite, are a fast way to fill in knowledge gaps, identify what is important internally and as an important bonus, get buy-in for the planning process.

Journey Mapping

All this data and knowledge becomes inputs for the next phase; Journey Mapping. This critically important step is based on the Mckinsey Consumer Decision Journey model introduced in 2009. Its job is to map consumer behavior at the key steps of awareness, evaluation, conversion, post purchase and loyalty. It tells us what each segment of consumers is thinking, doing and feeling at each juncture; it also identifies barriers, distribution requirements, brand role and more. Usually conducted as a collaborative workshop, Journey Mapping brings marketers together with key stakeholders and subject matter experts, to answer the key questions of “When” and “Where” to connect with consumers, and the role and purpose of channels at the different stages of the journey. Of course it is invaluable to talk to consumers too if time and budget allow.

Mighty Messaging

Building on Journey Mapping is Content Strategy, which is focused on answering the other two key questions “What to say” and “How to say it” at each touch point. The objective is to determine the most relevant and impactful messaging that can be presented to each consumer at each interaction.  That messaging needs to be relevant to the persona and their stage of the journey, while also being designed to contribute to a cumulative brand impression. At the same time messaging must be delivered in a way that is right for the context of the interaction; a video on a phone, for example, might be perfect or completely wrong depending on where someone is likely to view it and what he or she might be doing at the time.

Making the Cut

By this stage of the process you will have identified many potential tactics that address “where, when, what and how”.  But since budgets and time are always limited, you need to make choices based on each tactic’s ability to achieve business goals. Tactics are therefore reviewed for how they are projected to deliver on business objectives within time, resource, difficulty and ROI requirements and those that make the cut go into The Playbook. This is a prioritized action plan, typically covering 12-18 months, made up of the most effective and efficient tactics that you have determined will together achieve your business goals for the period. With it you know what marketing tactics need to be executed when, what performance they are projected to deliver, over what period of time, at what cost and at what difficulty level.

Less Guesswork

The Playbook is the culmination of a comprehensive evidence-based strategic process that takes the guesswork out of this complex process and gives senior management and the marketing team the confidence they need that their marketing plans will accomplish their business goals. While experience alone might have worked in simpler times, it’s just too risky today, which is why the Playbook will give a brand a much higher chance of success vs. reacting, improvising or just going on gut.

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The Time is Now: Google’s Mobile Deadline

Google's Mobile Deadline

It’s here — Google has pulled out the guillotine for mobile organic search. This time, they’re not messing around.

For many years, marketers have pondered the implication of mobile site access and mobile search ranking results. Google is generally quick to respond to advancements in mobile technology that enhance the consumer’s online experience, and this is a clear-cut example of just that.

Content, content, content.

Google has always harped on the need for quality content versus quantities of “optimized” content. Whether its the Hummingbird update, Panda, Penguin, or whatever the next animal-named-algorithm they choose is, the goal is to identify higher quality content and eliminate what they deem low quality.

The delivery of quality content through search is not defined solely by Google itself, but through over a decade of research and consumer usage data to define what happens next. This time, what happens next is critical for all marketers.

According to ComScore’s January 2015 report, we’re far past the mobile versus desktop tipping point. This should be a wake up call for all brands and marketers.

ComScore January 2015 data

SEO is fun. It’s an always evolving, never stagnant, almost “game”-like adventure for copywriters, analytics professionals, digital marketers, and data geeks in general (like me).

But for too long, marketers have been focused on keywords with little attention paid to User Experience’s impact on SEO. Google doesn’t view them as totally exclusive — in fact in most cases, SEO and UX are complementary.

The magic is where UX and SEO meet in the middle.

Yes, you want to get users to the right web page or landing page through search, but if the page is not mobile-friendly or doesn’t meet the expectation of the user, then what’s point of optimizing for search?

At IQ, we utilize the “hub and spoke” marketing model. The brand website acts as the “hub” while the “spokes” are the content and channels driving to the website. If the hub is insufficient, the spoke suffers as well. If you throw in the rise of mobile use by consumers, you’ve got another wrench in the equation.

What if your customers can’t find what they need to because you’re not there in mobile search?

In the case of Google’s update on April 21st, many brand websites will suffer greatly in mobile organic search. And we can’t blame Google.

As technology has advanced, so have consumer expectations for mobile web experiences. With that advancement in consumer expectation, marketers are expected to meet them. Designing a responsive website can solve for that need easily.

Google’s made their decision on behalf of consumers — will your website live up to expectation or will it fall off the map on mobile?

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The End of Words?

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The End of Words?

End of Words -TQ

While the essence of a brand still involves a logo, a look, hopefully a differentiated position, and maybe even an enduring idea, it has become so much more thanks to technology and the new consumer. But while so much has changed, the fundamentals of the way people emotionally connect to other people, ideas, products and solutions are unchanged as they have been for eons. This is important to remember as we fight to stay connected to an always fast-evolving consumer. People haven’t changed. Our behavior may be new, but our motivations are ancient.

Simon Sinek talks about how brands need to answer the overarching question of why they do what they do. As he eloquently explains, money as an answer is not good enough. While “what” a brands does and “how” it does it is very important, according to Sinek, it is the brands that have a defining mission of some sort that have lasting resonance.

In the past much of this brand focus has been translated into the words a brand used in its adverting and communications. Words were the keys to a brand finding its place in the word. That’s why a positioning statement that could define a brand’s relative position in the consumer’s mind was considered so important for so long.  This focus on words was a reflection of the way companies distilled their ideas into communications and translated that in advertising. Of course sound and imagery was important too, but with fewer, simpler channels, words most often led the charge.

Fast forward to today and the electronic age in all its digital glory has ushered in a visual experience that has overwhelmed words. Screens surround the modern consumer, and screens scream out for images. Unlike words, and similar to music, images don’t need to be translated into meaning in the same way language does. We can look at an image or see a video and without any words feel the meaning. This direct consumption uses parts of our brain that are far older and more elemental than our higher thinking capabilities. Our immediate responses to imagery are, as a friend recently described, “reptilian,” appealing to elemental motivations of fear, desire, love and so on.

Now as I see more and more brands resort to imagery vs. words to communicate, the imagery being used naturally leans towards those that evoke emotional triggers. At the same time the digital camera has flooded the world with our own images of every second of our lives from cradle to grave. The result is a visual tsunami is already immersing us in a more sensory world. How it changes the marketers mission to influence consumers remains to be seen. Man has not led with images since the middle ages, before the advent of the printing press, and it will be one of the more important new dynamics for marketers to understand as we move beyond these early days of the new age of pictures.

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  • 11.04.14

Mobile First Website Design

by Jay Littman

Mobile First

When it comes to responsive design, the concept of mobile first is not a new one. It was first coined by Luke Wroblewski (LukeW) in 2009.  However, as time goes on, it only becomes more apparent how important designing with mobile in mind will continue to be.

As of February of this year, Americans use tablets, phones, and other mobile devices 55 percent of the time they go online.  At IQ, we’re no strangers to responsive projects. We want to ensure that this huge portion of our clients’ traffic is able to access their sites without anything breaking. But we do have internal debates over which should come first: desktop design or mobile?

I tend to vote for mobile first. We know designing for mobile is important, but why design for mobile first? There’s several reasons to explore:

1. Forced Focus

Designing mobile first forces you to focus. Because when designing for mobile, you want the quickest loading time possible. That means cutting out anything unnecessary to the user experience, paring down a site hierarchy to the essentials, and keeping the core purpose of a site as the only content left standing.  Designing for mobile first requires designing the simplest, quickest method to get the user to what they want from your site. Then, in desktop versions, expanding upon that design while keeping those core functions top of mind.

2. Smaller Real Estate, Bigger Design Challenge

One of the key elements of designing for mobile, and also possibly the most intimidating, is that space is limited on a phone screen. Mobile design is the tiny NYC apartment where you end up using the oven for storage if you don’t plan for your small space. But if you do plan ahead, you can end up with a space that is streamlined and incredibly elegant. I will admit that this is not an easy endeavor, but your designs will be better for it.

3. Enhancements versus Degradation

Let’s get a bit technical. When you design for desktop first, it means loading all of the content that would be seen on the largest platform and then reducing it to the mobile version. The trouble is your user already had to wait for all that content to load on their smartphone before they can get to the mobile version of the site… if they indeed waited and didn’t just close the page out to find something else. Designing for mobile first means allows a minimal amount of content to load first, streamlining the experience. This is a lot faster and means your site gets enhancements as it moves up to desktop, instead of degradations of content when moving down to mobile.

These are some of the things we consider when beginning a website design project here at IQ. This method may help you find a few ways to improve your user experience all over, not just on mobile. So on your next site design project, try starting with mobile first and see where this aspect of creative intelligence takes you.

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  • 09.17.14

Budgeting 2015 – The Essentials

marketing budget done wisely

Since digital channels are where so many interactions happen, brands need to make sure they have the essential digital technology pieces in place.  These include:

website / mobile / blogs / social / email / search / content / ratings & reviews / marketing automation / analytics / commerce

While almost every brand probably needs a website, the exact recipe should be determined by the right strategy work, as we discussed in this recent post: 5 Steps to a Defensible 2015 Marketing Budget.

The idea is that modern marketing is circular not linear. You never come to a dead end and everything connects and supports everything else in the brand ecosystem.  In order to do that you need to have certain technology pieces of the puzzle in place before you jump to tactics.

You probably already have a website. It’s should be the core of your ecosystem. This is where you are free to cultivate and convert to the best of your ability. But all websites are not created equal. A modern marketing websites should:

  1. Have landing pages that are customized by where viewers come from.
  2. Tell a persuasive brand story customized to each viewer’s interests.
  3. Attract search with content designed for SEO.
  4. Enable advocacy with content and social media.
  5. Use Responsive design to enable viewing on any mobile device.
  6. Identify visitors and deliver relevant content.
  7. Produce comprehensive activity analytics.
  8. Enable speedy marketing updates with a flexible CMS.

These are the basics of a modern brand website. The key, however, is in how you execute them. You messaging, branding, content, design and user experience are all the product of your strategy work, without which your site may not resonate with consumers or produce the leads and conversions you hope for. Whatever the ingredients, the fundamental idea is that your digital marketing infrastructure should enable you to execute and adapt quickly and easily.

Advertising and acquisition tactics alone rarely close the deal anymore.  Consumers, B2C and B2B, need to do research, evaluate, talk with friends and peers, and be cultivated. It’s a complex soup of influences and interactions. The good news is that it can be mapped and understood, so that armed with that knowledge you can deliver the right message to the right person at exactly the right time. In order to do that, however, you need to have some essential mechanical pieces of the puzzle in place first.

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Dear Brands, You’ll Never Be Potato Salad

advice on viral for brands

 

The Internet is a strange thing; so strange, in fact, that a man asking for $10 to help him make potato salad for the first time has resulted in over $50,000 in a Kickstarter campaign that has gone viral. And why? His appeal wasn’t one based on need (he wasn’t starving). He didn’t promise to feed the hungry. He literally just wanted to try to make potato salad. And the Internet thought he should be able to make a lot of it.

Brands spend millions of dollars every year paying agencies for content aimed at going “viral” in a similar way, and it almost never does. The ask from these brands has become so normalized that social content is often just called “viral content.” The ask sounds something like this: “We want to create a viral video.” What they mean is that they want to create a video intended specifically for the Internet, usually YouTube. But when it gets uploaded, it gets a few hundred views and the agency that made it cashes a nice check. The brand gets very little in return.

I have a word of advice for you: stop. You aren’t a potato salad Kickstarter. Your brand is not a random phenomenon; it is carefully crafted. Your brand is also not human. Consumers know both of these things and so the content you publish, the campaigns you launch, are expected to be of the highest quality. The chances that you’ll create something that is so different from what is expected that gets shared millions of times is really really small. It happens, but rarely.

Instead of spending millions of dollars constantly creating content in hopes of something resonating, create content with utility. Unless you are a brand in an entertainment category, understanding the questions consumers have and providing solutions will do much more for your business.

Lowe’s does this really well. Its Vine account is a case study in strategic early adoption of an emerging channel, and its use of YouTube is really effective.

Alternatively, if you are set on reaching a million+ people with a single piece of content, partner with an influencer who already has a large audience to create content on your behalf. Ford has done this really well on YouTube.

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  • 05.28.14

Connecting, Cultivating, & Converting Modern Consumers

This deck presents a simple to consume and communicate vision for how to approach the complex new marketing environment. Of course many experienced marketers will know much of what is contained here, but they may not have a simple way to connect the pieces and think about it holistically, or more importantly to communicate to those less sophisticated than themselves. With that in mind our Connect, Cultivate and Convert method outlines a new model for marketing.

 

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  • 05.02.14

Quick-Step Style Launch

Quick-Step Style Launch

As part of a strategy to re-invigorate the Quick-Step brand, IQ re-imagined the Quick-Step Style blog from the ground up, starting with a fully responsive, mobile-ready design. You can see more details here.

IQ created a blog with greater design flexibility, a fresh look, social integration, and updated content. A more simple layout with pops of color in the images and videos for posts make the new blog easier to navigate for users. There are now five categories of posts to choose from for consumers to tailor their experience. The blog features Quick-Steps products designer, Erinn Valencich, and was relaunched in conjunction with the first episode of NBC’s “American Dream Builders,” a design reality competition show Erinn is a contestant on.

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