THoMster class brussels - marketing of the future

Marketing consultant à The House of Marketing
8 Dec 2016
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
THoMster class brussels - marketing of the future
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THoMster class brussels - marketing of the future

Notes de l'éditeur

  1. Fré
  2. Fré
  3. Fre
  4. Fre
  5. Fre
  6. Fré We work on exciting client projects – in team or individual placement set-u
  7. Fré We have clients from many different sectors
  8. Fré THoMers share a passion for marketing, and now it’s time to share some of it with you
  9. Renout – introduction Thomster Class. We will talk about Marketing of the Future and the Future of Marketing .
  10. Renout intro
  11. Let me take you back to where it all started. 1941. What does that number say? BULOVA first TV commercial – paid 9 dollar for TV add.
  12. Fortune 500 firms in 1955 vs. 2014; 88% are gone Fifty years ago, the life expectancy of a firm in the Fortune 500 was around 75 years. Today, it’s less than 15 years and declining all the time In 1920, there was 1 radio station. In 2011, there were 14,700. In 1946, America had 12 broadcasting TV stations. In 2011, there were over 1,700. In 1998 (over 15 years ago!), the average consumer saw or heard 1 million marketing messages – almost 3,000 per day. In 2014, there are 1,500 stories competing to show up in your personal Facebook News Feed at any given moment.
  13. E.g.: Facebook users send on average 31.25 million messages and view 2.77 million videos every minute! But there are many more astounding numbers about how Much Data/ Information Do the World’s Internet Users (3.2 billion people in 2015) Produce Every Minute. http://www.forbes.com/sites/bernardmarr/2015/09/30/big-data-20-mind-boggling-facts-everyone-must-read/#223fa2556c1d http://www.adweek.com/prnewser/how-many-times-do-the-worlds-social-media-users-click-every-minute/117427
  14. Today 3k adds or messages per day! We are deafened!
  15. As a consequence we are becoming masters at dodging marketing messages. Who knows what this is? Who uses one?
  16. So what are those 4 behavior trends that makes the tactics of the past no longer apply?
  17. Instant gratification. Where does this come from? What does it mean? conditioned by instant and constant feedback we all get from our mobile devices, making us constantly plugged in and turned on. In the meanwhile, we are used to receive instant feedback from our social followers. 90% of all text messages get read in under 3 minutes. Example of whatsapp and seeing when someone has read your message, and when someone is typing the answer…you’re curious about the answer right? You’re just standing there, mobile in the hand waiting for the reply to pop up! You can actually see the other person typing. This is the kind of engagement we are starting to expect when we engage with brands as well. 70% of millenials would rather go to the dentist than listen to the sales pitch of an insurer so you want to better make sure you have real time calculators to get a price quote on your website. This translates into a graving for Instant feedback gratification. If you order a taxi you want to know when it arrives (typically in minutes) (Uber example), and you want to be sure it’s conform your standards.The moment you ask the uber, you get immediate response. Today, the transparency of a crowd sourced platform is far more powerful today than the message of a campaign.
  18. Let’s talk about that shall we? Connectedness. Mobile phones are the milennials’ sigarettes. We are so much in love with our mobiles that the first pedestrian lights built in the sidewalk are starting to appear. We no longer look up. Think about it. if we don’t even pay attention anymore to the traffic signs, what does that say about the billboards – or any other marketing message? Trough the mobile device, the customer now has nearly infinite access to information and product choice anytime, anywhere, anyway. More than 80% of customers use their phone today to compare pricing, or lookup reviews while shopping a brick and mortar store. Price transparency is universal, and customers control many of the throttles regarding the messages they want to receive. Today, the customer’s path to purchase are rarely characterized by a few big, well-orchestrated moments. Instead, more but smaller interactions coalesce to determine success. In this new era, what happens in the now—in what Google refers to as micro moments —is often becoming more important than the cumulative effect of our best-laid and elaborate marketing plans. Knowing that 1/3 of all mobile time is spent in messaging apps
  19. Knowing that 1/3 of all mobile time is spent in messaging apps t’ no surprise that Facebook recently announced AI Bots on their messenger platform – meaning businesses can now build deeper automated but personalized interactions with their customers on Messenger in a way that is contextual and convenient.
  20. And we are not only connected trough our addictive mobile device, but more and more trough the internet of things. But just that makes that customer less available for any other type of communication that either does not give instant gratification or is misplaced in place and time. It’s making it even thougher to be relevant as a marketer. We need to ask ourselves, how do you cut trough the noise of big data? The Samsung connected smart fridge is just one of the many examples taps into the momentum of the internet of things, and disrupts conventional business models – in this case in retail. Samsung and Amazon have worked out a subsidized business model, where you get the fridge for free and the revenue model is based on the stuff you buy. It’s comparable to the subsidized models we have seen already in mobile telecommunication. This puts marketing organisations on it’s head. It’s no longer matter of having a digital marketing team, or teams focused on tactical channels such as social media. Think from now on about the Fridge marketing team as a new marketing discipline. These innovations allow brands to convert transactional customers into long term loyal buyers, since the connected fridge will provide valuable insights into when you buy what. It will allow to personalize any messaging you do with this customer.
  21. Which brings me to personalization. Probably most of us are aware personalized promotional emails have 29% higher unique open rate. And yes, that’s important. But that’s not the point here. The point is, more and more we get conditioned, by the contextual features for example iOs brought us recently, or for example Waze. Based on context (where I am), data (my calender has a meeting the other side of town in half an hour) and additional information such as traffic jams that occur along the traject – Waze will notify me when to leave in order to be on time. Apps like ‘if this than that’ put all of this on steroids – connecting apps and devices together – so that when I’m leaving on time my work mileage gets automatically tracked in my google xls sheet, my nest thermostat kicks in, and the lights from my Philips Hue go on back home… This conditions us and our customers – we are starting to get lazy as a society – and it’s a good thing. We are more and more assuming our suppliers know us better than we do, and no longer accept irrelevant messages in time and space. This means customers will only pay attention to less intrusive, most relevant messages that are convinient to them. What is our purpose as a marketer? In the end it’ all about how we as marketers can create buyer journeys that stick. That are easy. If you combine connectedness, hyperpersonalisation and instant, you get to convience. Convinience brings it all together. It’s about being where you need to be, at the right time, trough the right device, trough the proper channel in the right context. A great example how Amazon has turned this paradigm into an opportunity is with the Dash buttons that allows you to order your washing liquid by the touch of a button. It’s about being where you need to be, at the right time, trough the right device, trough the proper channel in the right context. A great example how Amazon has turned this paradigm into an opportunity is with the Dash buttons that allows you to order your washing liquid by the touch of a button.
  22. Which brings me to personalization. Probably most of us are aware personalized promotional emails have 29% higher unique open rate. And yes, that’s important. But that’s not the point here. The point is, more and more we get conditioned, by the contextual features for example iOs brought us recently, or for example Waze. Based on context (where I am), data (my calender has a meeting the other side of town in half an hour) and additional information such as traffic jams that occur along the traject – Waze will notify me when to leave in order to be on time. Apps like ‘if this than that’ put all of this on steroids – connecting apps and devices together – so that when I’m leaving on time my work mileage gets automatically tracked in my google xls sheet, my nest thermostat kicks in, and the lights from my Philips Hue go on back home… This conditions us and our customers – we are starting to get lazy as a society – and it’s a good thing. We are more and more assuming our suppliers know us better than we do, and no longer accept irrelevant messages in time and space. This means customers will only pay attention to less intrusive, most relevant messages that are convinient to them. What is our purpose as a marketer? In the end it’ all about how we as marketers can create buyer journeys that stick. That are easy. If you combine connectedness, hyperpersonalisation and instant, you get to convience. Convinience brings it all together. It’s about being where you need to be, at the right time, trough the right device, trough the proper channel in the right context. A great example how Amazon has turned this paradigm into an opportunity is with the Dash buttons that allows you to order your washing liquid by the touch of a button. It’s about being where you need to be, at the right time, trough the right device, trough the proper channel in the right context. A great example how Amazon has turned this paradigm into an opportunity is with the Dash buttons that allows you to order your washing liquid by the touch of a button.
  23. • Data from 40 million smartphones • Atmospheric information from 50,000 flights per day • A network of over 140,000 weather stations The Weather Company can deliver at scale up to 26 billion individual forecasts per day. Insurars use this information to create convinience to their customers. Warn before a storm is coming to for example put the car in the garage. Win for the customer, win for the insurar.
  24. What is our purpose as a marketer? In the end it’ all about how we as marketers can create buyer journeys that stick. That are easy. If you combine connectedness, hyperpersonalisation and instant, you get to convience. Convinience brings it all together. It’s about being where you need to be, at the right time, trough the right device, trough the proper channel in the right context. A great example how Amazon has turned this paradigm into an opportunity is with the Dash buttons that allows you to order your washing liquid by the touch of a button.
  25. As is Appiness, closer to home (Aalst) , Appiness lets you order the product that’s currently broadcasting on your television. Viewers kan buy with one tap what they currently see on the screen. It recognizes opbjects and by clicking the red button you can go directly to the linked webshops or add it to a whish list.
  26. What the U.S. election and Brexit have to do with Marketing… Power of media is fading http://www.forbes.com/sites/williamarruda/2016/08/07/donald-trump-vs-hillary-clinton-the-social-media-report/#585caca14f0b The total number of Google results returned when I typed in “Donald Trump” were 228 million. I received 145 million when I did the same for “Hillary Clinton.” Interesting, but what really matters is what the top three search results are, because the first three spots in a Google search garner the most clicks. (“Roughly 60% of search engine visits go the top three results,” according to Business2Community.) http://www.bloomberg.com/politics/graphics/2016-presidential-campaign-fundraising/ Budget Trump = 385 million$, Clinton = 713 million$
  27. What the U.S. election and Brexit have to do with Marketing… Power of media is fading The loyal contomer is dead Data does not say it all We seem to be living in a world where acting upon what you know about your audience does not guarantee you a good outcome. Just look  Some say the goal of marketing is delivering the right message at the right time through the right channel and device, however today that's no longer enough. Today it's more important to listen. Life is more simple actually…Companies and brands need to do only one thing nowadays, and one thing only: put the customer in the center of all they do, empathize and fully understand  the customer. This means more listening rather than sending. And when it comes to listening, surveys and NPS are no longer enough. Behavior tells us much more than explicit feedback.
  28. What the U.S. election and Brexit have to do with Marketing… Power of media is fading The loyal customer is dead Data does not say it all We seem to be living in a world where acting upon what you know about your audience does not guarantee you a good outcome. Just look  Some say the goal of marketing is delivering the right message at the right time through the right channel and device, however today that's no longer enough. Today it's more important to listen. Life is more simple actually…Companies and brands need to do only one thing nowadays, and one thing only: put the customer in the center of all they do, empathize and fully understand  the customer. This means more listening rather than sending. And when it comes to listening, surveys and NPS are no longer enough. Behavior tells us much more than explicit feedback. NEXT SLIDE: Fré – so far: Rise of the Customer, behaviour that dicates new marketing, Trump & Marketing. Now Fré will walk trough some examples in history that will show what would happen if yo don’t adapt to the new reality.
  29. Fré from here
  30. Nokia: Lack of value proposition Nokia was, at its heart, a hardware company rather than a software company—that is, its engineers were expert at building physical devices, but not the programs that make those devices work. In the end, the company profoundly underestimated the importance of software, including the apps that run on smartphones, to the experience of using a phone. underestimated how important the transition to smartphones would be.  classic case of a company being enthralled (and, in a way, imprisoned) by its past success. Diverting a lot of resources into a high-end, low-volume business (which is what the touch-screen smartphone business was in 2007) would have looked risky.  Nokia overestimated the strength of its brand, and believed that even if it was late to the smartphone game it would be able to catch up quickly. Long after the iPhone’s release, in fact, Nokia continued to insist that its superior hardware designs would win over users.   The high-tech era has taught people to expect constant innovation; when companies fall behind, consumers are quick to punish them. Kodak: Kodak did not fail because it missed the digital age. It actually invented the first digital camera in 1975. instead of marketing the new technology, the company held back for fear of hurting its lucrative film business, even after digital products were reshaping the market.  Kodak thought that its new digital technology would cannibalize its film business. Sony and Canon saw an opening and charged ahead with their digital cameras. When Kodak decided to get in the game it was too late.  The essence of marketing is asking first, “what business are we in?” and not “how do we sell more products?” Smart marketing is about providing a company’s customer base value satisfaction. 
  31. Question: What do all these companies have in common?  They completely disrupted the market, the way of doing business…
  32. Question: What do all these companies have in common?  They completely disrupted the market, the way of doing business…
  33. Peter Hinssen: With the digitalization of our economy, the outside world became a network. Organizations will have to learn to behave like networks as well. What UBER has done is nothing spectacular, they just leverages existing assets and networked them together: The existing infrastructure of cars The existing infrastructure of Google Maps The existing infrastructure of smartphones Result: agility, speed, user traction and revenue GAFA: Google, Amazon, Facebook and Alibaba  They are all powerful networks They believe in: Meritocracy Sharing information Equality The more they share in the network the more they become valuable, the more they are able to disrupt Silicon Valley used to be the high tech capital (HP, Google and HP) of the world but it is now becoming the industry disruption capital of the world Tesla is disrupting mobility Youtube is disrupting the television industry Paypal is disrupting the finance industry Air BnB (180 000 beds in their supply every night) the world of hospitality and their IT department counts 3 people only
  34. Bubble: not only If this than that, not only algoritms: think netflix, facebook, etc. We only take what’s served to us.
  35. Next slide: practical examples Fré: Amazon & Cool blue
  36. FREDERIK ASK QUESTION: what do these brand have in common with each other? They started out as a pure online player, disrupted the local market and are now opening bricks-and-mortar stores DIGITAL MARKETING IS DEAD, THERE IS ONLY MARKETING IN A DIGITAL WORLD
  37. Why? Extra convenience for their clients  deliver and return service Extra service for their clients  could get human advise on a product Higher bargaining power when negotiating deals with suppliers  showrooming Integrate online and offline shopping experience for its consumers in addition to creating a strong brand image DIGITAL MARKETING IS DEAD, THERE IS ONLY MARKETING IN A DIGITAL WORLD By launching its online bookstore, Amazon completely disrupted the book market and meant the death of many physical book stores who couldn’t compete with The convenience of ordering books online An assortment that is way larger (lower prices?) Now Amazon has almost completely conquered that market, its opens its own book stores. In the store, the have no price tags on the shelfs. You have to put your smartphone in fornt of the product, scan it and than you get the price and additional offers, depending on your shop and search behavior online. (http://www.wnyc.org/story/amazon-bookstores-why/) Amazon as well as Coolblue see a large increase in their online sales in a perimeter around the store  Even if shoppers don't enter the store, just seeing the store is a reminder that Amazon could be the solution to holiday shopping problems. What is displayed in a store will be sold way more easily, even online. !!! BUT the physical stores that online retailers open are fundamentally different from the physical stores of a traditional offline player  retail space is being reimagined as something different, such as a gallery, museum, clubhouse or events space.  This trend is being driven by a desire to tap into the rise of the experience economy: people choosing to buy experiences over products!!! (https://www.theguardian.com/media-network/2016/jul/07/bricks-and-mortar-ecommerce-retail-digital)
  38. Technology, particularly the Internet, has given customers more power. They can search the Internet to arm themselves with information about the products and services they want to buy long before they enter a retail store or call a B2B salesperson. This tectonic shift has made customer-centricity an imperative for marketers. Source: https://business.linkedin.com/marketing-solutions/blog/content-marketing-thought-leaders/2015/5-examples-of-how-technology-is-changing-marketing-in-unexpected
  39. Source: http://blog.capterra.com/whats-difference-between-crm-and-marketing-automation-software/ INBOUND: You PULL the customer towards your company when they are ready to buy (=when they are actively searching for products and services) OUTBOUND: You PUSH your product/service offerings to people who are not ready to buy (=when they are not YET ready to buy (bad timing) or simply don’t want what you’re selling) More traditional media (TV, radio, billboards (but can be online bannering/ads as well!)
  40. SEO leads have a 14,6% close rate, outbound leads 1,7%
  41. Help, not sell!
  42. Next Slide: even to create Personae you have technology to help you out and automate this…
  43. Example Social Karma profiler: persona development with Social karma http://social-karma.eu/profiler/
  44. THE TACTICS OF THE PAST DO NOT APPLY ANYMORE. So what does work? Where do we start this journey of engagement marketing? As said, we will need 5 principles of engagement marketing as a new play in order to differentiate ourselves with excellent customer experiences, and to tap into the opportunity we just saw. But we will also need technology to help with that. And Marketing automation is an important technology that can help you in delivering on your goal. Why marketing automation? Because MA will help you get out of the status quo of playing catch up with your customer. NEXT SLIDE: Practical demo on how Marketing Automation works.
  45. Visitor tracking of anonymous on THoM website
  46. Marketing Automation results in a drastic change for a conventional marketing department  marketers need to be marketing savy. Marketing managers need to invest time and money in educating their people about these new technologies
  47. You are a team of Marketing Consulttants from THoM at Douwe Egberts. The CEO just approached you, he just noticed a major competitor has launched a conneced coffee machines and wants to put you on a mission to find out: What benefit would this bring the consumer and how would it work? How would this benefit Douwe Egberts?
  48. • Data from 40 million smartphones • Atmospheric information from 50,000 flights per day • A network of over 140,000 weather stations Insurars use this information to create convinience to their customers. Warn before a storm is coming to for example put the car in the garage. Win for the customer, win for the insurar.
  49. The House of Marketing works for a wide variety of md to large clients… and that makes that no two assignments are the same at The House of Marketing
  50. Foto of ski
  51. TOPIC POV: A famous brewing company is trying to retain its market share in a highly competitive and saturated market. Due to these challenging market conditions, the CEO hired you as a marketing consultant from The House of Marketing to come up with a new LT-marketing strategy to retain (and preferably increase) market share.