Category

Digital Marketing

NVISION Insights and Innovation Team
In Marketing Trends, Digital Marketing, Marketing Strategy, Online shopping, E-Commerce

Holiday Spending Will be Jollier in 2018: How Retailers Can Engage Shoppers to Increase Sales

woman holding shopping bags walking

As the air turns colder and the year winds down, many retailers’ thoughts are on one thing: the holiday season. The holidays are a critically important time for the retail industry, and businesses have reason to be excited for 2018: the National Retail Federation is projecting a 4.5% increase in retail sales over 2017. That’s thanks to many factors, including consumer confidence being high and unemployment being low.

Steven Barr at Forbes recently wrote about the upcoming 2018 retail holiday season, and what trends brands need to keep a sharp eye on if they want to capitalize on more than just tinsel and snowflakes this year.

Shoppers Are Spending More, Especially Millennials

According to a recent study by PwC, consumers plan to spend 5% more on average than they did last holiday season. Across the entire retail industry, that works out to approximately $1,250 per shopper. When you narrow that figure down to high-earning millennials (incomes over $70,000), retailers will be competing for over $2,000 of spending from each and every shopper. In fact, the same study found that millennials will pay more this holiday season for brands that will offer quality, convenience, speed, and personalized experiences.

Millemmial Marketing

Brick-and-Mortar Retail Will Work Together with E-commerce

When it comes to retail this holiday season, some things haven’t changed, and nothing beats the experience of walking through a store or shopping mall for picking out holiday gifts. 91% of holiday shoppers plan to make purchases at a physical retail location this season, so brands will need to invest in creating winning customer experiences with their retail signage and promotional materials. Creating positive, inviting store experiences encourages shoppers to linger for longer and, ultimately, spend more.

But in today’s digital world, that’s not the whole story. 75% of shoppers “expect an integrated experience across digital and physical locations,” so maintaining brand consistency and creating omnichannel customer experiences that track the buyer’s journey will be critical.

Create Memorable, Shareable In-Store Retail Experiences

As online shopping gets more and more convenient, retail brands will need to find ways to create customer experiences worth coming into the store for. While digital integration will be critical (promotional QR codes, email campaigns with in-store coupons, etc.), even more important will be what Barr calls “grammable” moments, after the popular social media platform Instagram. 

Barr highlights the outdoor apparel outfitter Canada Goose, who designed and created a “cold room” for their flagship retail store in Toronto where customers could try out puffy coats, gigantic scarves, and oversized hats. As intended, the cold room led to many shareable photos, and with a custom hashtag already in place, the campaign took off, and Canada Goose enjoyed a massive boost to its retail sales. 

Shoppers want a holiday filled with cheer. Brands can give it to them by creating these unique and engaging in-store experiences.

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For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In CMO, Hospitality, Marketing Trends, Digital Marketing, Marketing Performance Measurement, Marketing Strategy, Online shopping

Millennial Marketing: It’s a Whole New Ballgame

Millemmial Marketing

The world is changing, thanks largely in part to the efforts, habits, and preferences of “millennials.” And the field of marketing is no exception.

Millennials, those of us born between the early ‘80s and early 2000s, are now the single largest age demographic in the United States. There are currently 87.5 million millennials living in the U.S., compared to just 83.7 million “Generation X” Americans (those born between the mid-‘60s and early ‘80s) and 66.4 million “Baby Boomers.” This means one thing very clearly: to be successful in marketing today, you must engage with these millennials, and savvy marketers must understand their psychology.

Which is why NVSION has gathered some of the latest data on the psychology of millennial shoppers, and how marketing organizations can leverage this information.

hand holding mobile phone with AR

Millennial Spending Preferences: What Marketers Should Know

Due to broader differences in modern culture and values, millennials show distinct preferences for certain industries when it comes to how they spend their hard-earned money. By understanding this fact, marketers in these industries can feel confident in strategically focusing their efforts on capturing this millennial audience and allocating their marketing budgets accordingly.

Here are the Top 5 areas where millennials spend their money.

  1. Socialization. Whether nights out on the town, social organizations like recreational sports leagues, or just fun, once-in-a-lifetime experiences, millennials spend the lion’s share of their disposable income on socialization. Fun is on the menu for them.
  2. Education. We’ve all heard horror stories about student loan debt and for-profit colleges. But millennials are also spending their money on personal continuing education opportunities, like language courses, classes that teach specific skills (like cooking or brewing), and other opportunities to increase their knowledge.
  3. Apparel. We all want to look our best, and that’s especially true for millennials. Clothing retailers and marketers would be wise to closely study the psychology of millennials’ shopping behaviors.
  4. Services. The most precious commodity to millennials is time. As such, they are more willing to pay for time-saving services than any generation before them.
  5. Eating Out. Similar to the Services industry, millennials love to get their food out because it saves time and effort. They’re willing to pay a little more for it. Just look at the success of on-demand food delivery services like GrubHub and Uber Eats.

When you compare these trends to the top areas of spending focus for Gen X shoppers and Baby Boomers (things like pensions and insurance), it becomes clear that a one-size-fits-all marketing strategy just won’t work. Personal insurance marketers should be investing their marketing budgets differently than socialization marketers because their audiences – and their audiences’ preferences – are different.

Best Practices for Marketing to Millennials

Keeping the above spending preferences in mind, here are some best practices for marketers to leverage and increase millennial engagement.

Millennial Personalization

According to a study by the University of Southern California, millennials are 85% more likely to purchase a product if they have been exposed to it via personalized content. Whether this is with marketing promotions based on their personal shopping history or unique materials segmented for their unique buyer persona, millennials prefer highly personalized marketing.

In fact, a 2018 SuperOffice study found that 86% of consumers are willing to pay more for a product if marketed to them with personalized experiences. And that trend will only continue: customer experience will overtake price and product as a key brand differentiator among consumers by 2020. Agile marketing operations that can accommodate the creation of personalized experiences will win more millennial business for your brand.

Multi-Channel Marketing to Millennials

More than any other generation, millennials engage with brands across multiple different channels, including digital, mobile, in-store, and direct mail.

A recent study by the Harvard Business Review found that 73% of consumers regularly engage with their preferred brands via an average of four (4) different channels. What’s more, retail brands that engage their customers with a multi-channel marketing strategy see an average increase of 89% in customer loyalty and retention.

These numbers only increase for millennial shoppers, who own on average 7-8 internet-connected devices each. In fact, 60% of millennials expect a consistent experience across all of that brand’s channels. By working to establish well-organized, agile marketing operations, marketers can create the unified, multi-channel marketing experiences that win over millennial shoppers.

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The millennial generation becomes a larger portion of your marketing audience each and every day. By understanding their unique preferences, spending habits, and preferred methods of engagement, marketing teams can capture more of their business, increase overall revenue, and improve brand loyalty.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Marketing Trends, Digital Marketing, Print Marketing, Direct Mail

2019 Top Marketing Trends: The Holy Matrimony of Digital and Print Marketing

print-holy matrimony

As forward-looking brands begin to build their marketing plans for 2019 and beyond, a few key trends have already started to emerge and will be important areas of focus for CMOs and marketing teams in the coming year. That’s according to John Hall of Forbes, who explains that more than ever, effective management of marketing operations resources – and its benefits – will be the way savvy brands set themselves apart in 2019.

Digital Advertisements Are Losing Effectiveness

Call it digital fatigue or an inevitable result of technology, but online advertisements – which used to be the hottest new things in marketing – are beginning to reach their saturation point. In fact, according to Business Insider, 30 percent of all internet users are expected to be using some form of online ad blocker by the end of 2019. Explains Hall, “[This] means that traditional digital ads now won’t even reach 30 percent of possible target audience members.” To get around this and reach that untapped audience, CMOs will need to get more creative with their marketing materials.

Creative Marketing Materials Can Set Your Brand Apart

As we mentioned above, no one is saying digital is dead. But to maintain (and grow) its effectiveness, ROI, and conversion rates, CMOs must find creative new ways to keep it fresh. And one of the best ways to do that is by linking it to your print and physical marketing activities. “People have been saying for a long time that print is dead,” Hall explains, “but I recently came across a company that used software to obtain physical addresses for clients and started sending them print newsletters. I also found that this campaign was extremely successful.”

Another compelling new trend using print marketing to add increased value to digital marketing is using postcards and direct mailers with URL links to digital assets. Sending direct mailers with URLs to digital assets is a clever – and creative – way to make your marketing rise above the digital noise, spam folders, and ad blockers.

man shaking hands partnership

Strategic Partnerships Correct Many Internal Roadblocks

Many otherwise savvy brands balk at the idea of using an external partner to manage any aspect of their marketing operations. But understanding the strategic benefits of these partnerships can add real value and help internal marketing teams hit their quotas. “There’s too much red tape with other departments,” Hall says as he describes the attitude of many internal teams. But bringing in outside management of certain activities can “fuel other parts of the company, resulting in better talent, lower costs, and improved relationships with investors.”

And indeed, that is the real added value of strategic marketing partnerships in 2019. With more and more “X as a service” industries opening up, more and more areas for highly specialized expertise have emerged. And by leveraging this expertise in specific areas – like print management or marketing supply chains – your brand can actually do more and enjoy a greater ROI than would be possible without the partnership.

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As 2019 draws near, new marketing trends are on the horizon for CMOs everywhere. By keeping these tips in mind – not relying solely on digital, using print marketing to add value to your digital efforts, and leveraging trusted partnerships – your brand can succeed and stand out from the crowd in the new year.

 

[This] Business Insider, Mar 23, 2017. “30% of all Internet users will ad block by 2018.”

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Digital Marketing, Marketing Strategy, Print Marketing, Direct Mail

Integrating Direct Mail Into Your Digital Marketing Strategy for 2018

Direct mail has long been one of the most trusted tools in a marketer’s arsenal. But as the digital revolution in marketing continues to grow and evolve, so too do the possibilities that direct mail presents. By understanding some of the newest and hottest trends in integrating digital and direct mail marketing, savvy CMOs can position their brands for ongoing success well into an unpredictable future. That’s according to Jason Sullock of IT Pro Portal, who breaks down a few of the most promising trends in direct mail for 2018.

Omnichannel Integration

It may be surprising to think of direct mail as a way to unify your multi-channel digital marketing efforts, but it’s actually a fantastic opportunity to do so.  By incorporating printed QR codes into their direct mailers, marketers can make it extremely simple and convenient to direct recipients to the landing page, product demo, or special promotion you want them to see. You can also include unique URLs linked directly to your mailers. That way, when your customers visit that URL, you can track the fact that the mailer sent them there, and you can better measure the impact of your direct mailing efforts

thinking girl with digital shopping symbols

Programmatic Personalization

Programmatic mail links your direct mailing efforts to each customer’s specific online activities, but in the opposite manner of the omnichannel integration we discussed above. By using digital tracking and analysis of customer behavior – things like what pages they’ve visited, what products have they’ve searched for, and what items they’ve abandoned in their shopping carts – marketers can then send direct mailers that speak to these specific interests and talking points. An email reminder to complete your online checkout? Easily ignored and deleted. A colorful, eye-catching piece of mail delivered right to your front door? That’s much more effective at converting shoppers into customers.

Augmented Reality

As more brands try to provide a truly unique and engaging customer experience by venturing into augmented reality (AR), the possibilities for using AR to supplement direct mail, and vice versa, are growing. Marketers can design even rudimentary AR apps so that when a customer scans a QR code included in a direct mailer, the brand’s logo appears or a product video plays. In more advanced versions, scanning a direct mail QR code in an AR application can display three-dimensional virtual versions of your products, creating lasting and meaningful impressions.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Hospitality, Digital Marketing

Digital Trends to Watch for Hospitality Marketing

As digital channels continue to disrupt more and more areas of everyday life, hospitality marketing is facing changes to its models, as well. That’s according to Modern Restaurant Management, who explains that digital travel sales are expected to hit $198 billion in 2018.

With more than 140 million adults slated to research their travel plans online, and half of those expected to do so via their smartphone or mobile device, agility and responsiveness in digital channels continues to become increasingly important for hospitality marketers. While print and promotional physical marketing materials remain crucially important, supplementing those streams with digital is now a foundational competency for marketers.

Here are five of the top trends in digital hospitality marketing.

Digital Channels Are of Primary Importance

As we mentioned above, digital travel sales are expected to reach $198 billion this year. That’s 140 million travelers primed and ready to engage with digital marketing campaigns. Through the entire buying journey, digital is now crucial each step of the way.  According to MRM, 71% of travelers use digital to plan their trip; 79% use digital channels to shop for their travel accommodations; and 83% use digital to actually book their trips.

What’s more, research shows that 61% of travel marketing spend is now committed to online channels. By working with a partner to optimize their digital marketing campaigns, hospitality marketers can capture an enormous amount of business.

Millemmial Marketing

To Win Younger Travelers, Leverage Search Engines

Search engines like Google and Bing are how most of us begin our quests for information these days, and travel planning is no exception. Research shows that 63% of travelers use a search engine at some point in their trip planning. However, search engine marketing is especially effective with younger shoppers.

As many as 57% of travelers ages 18-34 use search engines specifically to check accommodation prices, and 50% of those same travelers are able to recall the travel ads they see on search engines. Compared to just 36% for overall consumers, search engine marketing is a key piece for hospitality marketers.

Smartphone Use Is Rising

As smartphones become more powerful and prevalent, they are impacting every business vertical, including hospitality marketing. Recent studies suggest that 43% of consumers use a smartphone to search for travel accommodations. But when we segment that out into age groups, it becomes quickly apparent that Millennial and Generation Z shoppers have made smartphones an integral part of their buying journey. For shoppers ages 18-34, as many as 78% use their smartphones while traveling (an excellent opportunity for promotional on-site targeting), 67% use their smartphones to plan their trips, and over one-quarter (27%) use their smartphones to actually book their accommodations.

color light bulb illustration - design creativity

Visual Content Matters More Than Ever

Travel has always been a very visually appealing industry, and leveraging visual marketing materials is paying big dividends for hospitality marketers. 51% of consumers report that the visual imagery in travel marketing materials influences their decision to book. Not only are images influential, but they stick with shoppers memories much more effectively. 49% of travel shoppers recall a compelling visual image, compared to just 41% who recall a promotional price, and 37% who recall a targeted ad. If you can partner with a supplier who can keep production costs low and manageable, the ROI on visual marketing can be enormous.

Personalized Loyalty Programs Are a Critical Piece

Loyalty programs are a powerful way for hospitality brands to establish repeat customers and renewable revenue streams. In return, loyalty customers expect personalized experiences. 55% of travel loyalty program members acknowledge that program membership influences their decision-making process, so marketers would be wise to leverage it. But how? By offering truly personalized experiences, made possibly by an agile and efficient marketing supply chain.

In fact, travel loyalty program members are more likely to share personal information in exchange for custom-tailored offers, click-through on personalized online advertising, and recall personalized online ads from travel brands. These loyalty members want hospitality brands to leverage the wealth of information they know about the member to offer him or her truly unique, personalized experiences that are custom-tailored to his or her preferences.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

LEARN MORE