Banks as a whole are challenged to optimize social media use. Content generation and management are key concerns. Social media is a two way conversation, not a one way push mechanism for brand content. Banks need to sell product like many companies, and social media serves a way to aid the sales process if used optimally. Social media can be a good driver of brand awareness, research, and the development of brand beliefs that can serve to induce purchase.
If you are looking to make your marketing spends more efficient and effective in 2014, it is critical to have a multi-channel marketing automation technology solution. Marketing management must build a case for having this solution by understanding the CEO or CFO’s perspective, and position it in language that will have the most impact for them. A smart technology vendor should be happy to help marketing management make a case by showing how the solution has made a difference for existing customers and how they will leverage this experience to make a positive impact on the bottom line.
Motorists Life Insurance Company uses Distribion’s multi-channel, distributed marketing automation software platform to help boost sales and marketing results. According to Jamie Kibler of Motorists Life “Distribion is enhancing our brand, every single day, every single way.”
The New York Times published an article yesterday regarding some struggles that Nike is facing in its ad campaigns. Numerous themes that I have discussed in this space in recent months were apparent while reading this. The article noted that Nike is facing a big challenge in driving brand engagement amongst large segments of their potential overall target market. Much of this is a challenge surrounding the new media environment. From the mid 1980s through the early 2000s, Nike was able to create iconic ads that were memorable and talked about, driving not only brand awareness, but also positive brand Read More
In February, we posted Part One of this series. Part One was meant to be just an introduction to the topic. Part Two is a more in depth look, emphasizing mindset to measure ROI. One of the thought leading pieces on this topic came from a 2010 article in the MIT Sloan Management Review. Although a number of the examples are rather dated at this point, most of the key themes touched on in the article remain true today, even with the drastic changes in social media in the 2 and a half years since it was released, confirming the Read More
One of the chief desires of corporate marketing management is control. That’s why centralized marketing benefits large national brands like Coca-Cola.