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Top Characteristics of Transformational CMOs of Tomorrow

back of a man with arms crossed - transformational cmo

One of the most significant challenges facing modern CMOs and marketers is how rapidly the marketing industry changes. Between new technology, new customer demands, and new cultural trends, it’s more important than ever that CMOs keep their brands positioned for rapid success. That’s why Bob Van Rossum at Business2Community.com spoke with some of the top marketing recruiters in the industry and has put together what he believes are some of the key characteristics of “the transformational CMO of tomorrow,” the type of marketing leader that is equipped to lead his or her brand into the future.

Let’s take a look at a few of the most important characteristics.

Focus and Understanding of the Buyer’s Journey

For many brands, the sales cycle is a long and protracted one. For others, the intricacies of the marketing supply chain – from the creative team’s demands to the CFO’s strict budget requirements – make for extremely complex marketing operations. Either way, as the buyer’s journey becomes longer and features more distinct “moments,” transformational CMOs must be ready.

As Van Rossum says, “We look for leaders that are capable of understanding the various pain points a consumer may encounter during the customer journey. By truly understanding the buyer’s journey, CMOs are better able to drive engagement and growth.”

And that doesn’t just mean knowing which marketing materials will resonate best at each stage. It also means planning ahead and enabling an agile and responsive marketing supply chain that can quickly adapt and react, allowing the brand to capitalize on each moment of the buyer’s journey. Transformational CMOs will be sure to work with partners who enable this responsiveness and success.

be the change - brand activism

Creating Emotional Connections to the Brand

In increasingly crowded markets, it’s no longer enough to simply offer a superior product. Transformational CMOs must use their marketing materials to create a meaningful, lasting, emotional connection with their customers. “A strong brand goes far beyond a memorable logo or slogan…it needs to be immersed in every element and strategic move of your organization to make a true impact,” Van Rossum says.

Developing these connections between your brand and your customers requires both a close examination and an intricate understanding, of changing customer demands and cultural trends. But capitalizing on them, and using them to create lasting, deep bonds with your brand requires agile and responsive marketing operations. When an opportunity arises, your marketing logistics should be simple and fast enough to seize on it before your competition does, and execute on it in a way that keeps costs low and ROI high.

Foster an Agile Mindset

Transformational CMOs must be familiar with what Van Rossum calls “lean and agile” methodologies. “Lean and agile methodologies have transformed other industries, and have a great potential to improve practices within the marketing space,” he says. A lean mindset is one that helps brands maximize customer value (which should always stay top priority) while optimizing for a specific desired outcome. An agile mindset, on the other hand, helps your marketing efforts adapt in real time as you keep your customers the central focus in building effective solutions.

To this end, partnering with a marketing supply chain and logistics partner can take much of the burden of searching for ways to stay lean and agile off of the CMO themselves. By working with an expert whose business is keeping costs low and production time short, CMOs can foster this transformational attitude in all areas of their operations, saving time and preparing for changing definitions of success.

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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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What Smart CMOs Are Focusing On in 2018: Gartner

2018 has already been a big year for CMOs. Between advantageous new U.S. business tax laws and the growth of multi-channel marketing, many brands and CMOs are tackling new opportunities, as well as new challenges. That’s according to Chris Pemberton at Gartner, who shares several of the key lessons and takeaways that the research and advisory company has identified for CMOs in 2018. 

Let’s take a look at some of the major trends and opportunities facing CMOs this year, and how to position your marketing department for success!

Man holding tablet with icons popping out - CMO

Marketing Budgets Tied to Results

According to Gartner, 75% of CMOs in the “Leaders” category expect their marketing budgets to increase in 2018. That’s despite the fact that Gartner reported that marketing budget growth stalled in 2017. The reason? 70% of CMOs who expect their budgets to increase predict those increases will help support advanced marketing analytics and customer intelligence.

It is due primarily to a growing need for more concrete marketing KPIs and metrics that more closely tie into the organization’s business goals. Things like conversion rates and MQLs/SQLs will be key for CMOs to prove their impact and justify their budgets. CMOs should prioritize revenue attribution and strategic partnerships that feature robust analytics and results tracking.

Marketing Technology (Martech) Grows in Importance

Gartner also found that marketing technology (martech) will grow in both strategic value and budget expenditure, among leading CMOs in 2018. According to the firm, far more of their designated “Leaders” than “Laggards” are leveraging martech, with 26% of the latter claiming they are not effectively acquiring or using it, compared to just 16% of the formerFurther, more than twice as many Leaders (65%) as Laggards (31%) plan to increase martech spending this year.

It is primarily due to several factors. Organizations that are rapidly growing need the scalability that martech automation provides. Plus, the efficiencies in both cost and time that martech offers deliver greater attributable revenue and profit, the ultimate goal of CMOs everywhere. CMOs should perform skills assessments and technology audits to determine whether an increased investment in martech is right for their organization.

three female shoppers-retail

Increased Focus on the Entire Customer Journey

From acquisition to retention to growth, leading CMOs understand that the customer’s journey is a long one, with the need for specific and personalized marketing materials that capture and resonate with the customer each step of the way. According to Gartner, leading CMOs emphasize analytics in all aspects of their marketing operations, from supply chain to ultimate asset performance, to measure the customer’s journey.

This attention to detail allows savvy CMOs to anticipate and prepare ahead of time for what marketing materials and activities they will need, and equips them to be ultra-responsive to shifting customer demands and requirements. It is this understanding of the customer journey as a long and changing one that will set successful CMOs and organizations apart from those playing catch-up.

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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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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.

LEARN MORE

Digital Marketing for Healthcare: Conquering the Future

doctor touching screen -healthcare

The healthcare industry, and marketing in general, are undergoing a digital revolution. As many hospitals and healthcare providers scramble to re-establish their brands in the face of rampant restructuring, mergers, and rapidly shifting healthcare laws, the need to stand out from the competition and create an ongoing dialogue with their patients and customers is becoming more critical than ever.

That’s why digital healthcare marketing is so promising: it offers clever and unique new ways for savvy marketers to stay top-of-mind with their customers. That’s according to Stewart Gandolf at Healthcare Success, who explains that because of its benefits, “digital marketing is almost always our first choice for doctors and hospitals.” Let’s take a deeper look at why.

Reasons for the Digital Revolution in Healthcare

The Internet is no longer an add-on, or a nice-to-have capability. It has become “healthcare’s front door,” as Gandolf explains, for several key reasons.

Empowered Patients

More than any other time in history, the Internet has given consumers across all industries the power to browse, compare, and shop – all without ever leaving their homes. The same goes for healthcare, where a compelling and dynamic digital presence can make the difference between a patient choosing you or going to a competitor.

Mobile Is Everywhere

The rise of web-connected smartphones and tablets means that your patients are digitally connected anywhere and everywhere. From a marketing standpoint, this presents limitless opportunities to connect with them, and to offer customizable experiences with a high level of responsiveness.

How Healthcare Organizations Can Leverage Digital Marketing

With digital marketing capabilities becoming more sophisticated each day, here are some of the top ways healthcare organizations can and should be leveraging this digital revolution.

Mobile Is Urgent, and So Is Healthcare

The nature of healthcare notifications – that is, that they are often urgent, important, and critical – lends itself very well to digital and mobile. You can provide a superior patient experience, and even improve medical outcomes, by ensuring that your patients can receive their notifications via mobile, where they are likely to respond the fastest.

Digital Is Highly Personalized

If you’re looking to set yourself apart based on the superiority of your patient experience, digital is for you. Thanks to technology like cookies and digital tracking, your messaging and content can be highly segmented and personalized for your patients, so they receive the messages that speak directly to their needs, while feeling like a greater priority to your organization.

Analytics and Brand Awareness

Digital marketing provides highly accurate real-time analytics that shows you exactly who engaged with what messages, and which tactics are the most effective compared to others. In this way, you know exactly where to spend your marketing budget to maximize your ROI, and you get proof-positive of the brand-building effect of your efforts. For marketers struggling to prove attribution, this can be a critical component to success.

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There’s no way around it: the digital revolution is here for healthcare marketing. By embracing it, and working with a trusted partner who can reliably execute your marketing strategy on-time, on-budget, and with minimal waste, healthcare organizations can stand out from the crowd and win more patients.

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Retailers and Consumer Brands: The Digital Divide

man holding tablet -digital

The rise of ecommerce giants like Amazon has begun to shake up the way retailers think about their relationships with consumer packaged goods (CPG) brands, and with their customers.

That’s according to L.E.K. Consulting, who explains that there is a growing “digital divide” in the consumer products world, wherein brands wish to adopt a direct-to-consumer (D2C) model, but are hesitant to do so because of concerns about their digital strategy and retail channels. Here are some of the most important areas of focus for brands looking to establish an effective digital strategy.

Different Consumers, Different Strategies

Not all advertising is effective for all buyers. Similarly, not all digital experiences appeal to all consumers or are right for all brands. Brands shifting to digital are wise to apply the same granular level of segmentation to their digital target audiences that they would to in-store shoppers. The marketing efforts that appeal to certain demographics will still appeal; they simply need to be “digitized.”

For example, Huggies, the diaper brand, designed its online rewards club to heavily feature educational materials for first-time parents, who comprise a large portion of its buyers. Burberry, the luxury fashion label maintains online communities where customers can share chic pictures of themselves sporting the iconic coats.

Similarly, home remodeling and interior design brands have begun to leverage virtual and augmented reality apps to allow customers to more fully visualize the brand’s products in their own homes. Digital should be responsive to your customers. It should fit who they are, and what they want.

woman shopping on tablet - CPG

Digital Should Add Value

Digital is about more than just ecommerce. It’s about adding a unique twist to your brand’s offerings that add substantial value for your customers.

To generate a new revenue stream from the resale of its used goods, for example, clothing company Patagonia created a stand-alone website where loyal customers can swap secondhand gear at a discount, and trade-in used gear back to the brand for gift certificates. Automaker Subaru, on the other hand, closely monitors its consumer lifecycles, and coordinates the delivery of highly-targeted promotions and advertisements that speak directly to their owners’ needs, whether it’s time for an oil change, or to renew a lease.

New Technology in Marketing

New technologies mean new opportunities to create engaging, compelling experiences for customers.

In addition to the interior design examples listed above, retailers and consumer brands are using in-store technology in dynamic ways. Fashion label Rebecca Minkoff, for example, uses wireless communication to send clothing items to dressing rooms, help customers locate different sizes and styles, and show stock availability in nearby stores. Some cosmetics retailers, meanwhile, are using apps that allow clerks to scan customers’ skin tones and deliver perfect makeup recommendations. These brands are using technology to provide better customer experiences.

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Digital is rapidly evolving from a luxury to a core competency for most brands. By partnering with a trusted expert, you can leverage the promise of a new digital future to create compelling customer experiences and realize a greater return on your marketing investments.

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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