The Marketing Innovation Blog

Today, more than ever, it feels like consumers are constantly on the go.  No one has time to stop by the bank anymore and thanks to advances in mobile technology, they rarely have to.  This trend from stationary to mobile is only continuing to grow in the US, and this is especially true for the banking/financial industry. Currently, there are a variety of mobile banking/financial applications available where consumers can check balances, pay bills, make transfers, and find the closest branches and ATMs relative to their location.  Statistics show  that the number of consumers who use mobile banking is expected to grow to about 30 million in the next five years; however, now, only about 1,000 of the 30,000 independent financial institutions offer mobile banking to their customers.

Eventually, there will be mobile banking/financial apps that will enable consumers to use their smartphones as a means of payment at the supermarket, restaurants, or at the mall.  AT&T, Verizon & T-Mobile are teaming up with Discover Financial services to test a smartphone payment system that they are hoping to launch in the middle of next year.  This payment system would require consumers to wave their smartphones embedded with radio microchips across the reader during checkout.  It is also possible that rewards and receipts could be sent electronically to the consumer immediately.  In light of this recent news, Bank of America announced its partnership with Visa to also test a smartphone payment system expected to launch in New York this September.  The payment process is similar to the above mentioned example and is expected to run through the end of the year.

As this mobile technology evolves, consumers also have increasing concerns surrounding smartphone payment systems – internet non-connectivity, difficulty managing small screens and entering information on small keyboards, security issues and slow interaction. However, for many, convenience outweighs these potential pitfalls.  Now, the US is currently trying to catch up to Japan’s four-year lead of accepting smartphones as a form of payment, which is predicted to be as big of a hit here as it is in Japan. 

So, in the future, you will no longer need to fumble around for one of your credit cards at checkout or stuff all of those receipts into your wallet.  Instead, the process will be simplified and mobile phones will become an even bigger, more important part of our lives and daily routine.  Just don’t lose your cell phone…

Would you abandon your credit cards for your smartphone as a way of making payments?

Jenaleigh Landers is a recent graduate of Saint Anselm College and is the newest Account Coordinator at Griffin York & Krause.

Sing your own song… Beat your own path… March to the beat of your own drum.  Chances are you have heard those sayings before.  Now, more than ever, advertisers are playing up those themes of individuality and originality in their campaigns.  Brands now recognize the transition from generalized to specialized.   Today, consumers do not want to all look alike—instead, originality is in!

Like the concept behind NIKEiD, where consumers can personalize and design sneakers from scratch, New Era too, has embraced a similar approach.  New Era’s “Fly Your Own Flag” campaign encourages its customers to express their own unique styles through its hats.  In order to make that possible, New Era offers a variety of different styles—estimated to be in the billions—in an approach known as mass customization or personalization.  As a diehard Boston Red Sox fan, this is hard to do, but I will use the NY Yankees as an example.  For the NY Yankees alone, New Era offers 128 different hats with some designed in plaid, metallic cotton, and intergalactic styles.  No matter whom you are or what you do, New Era has a hat for you.

Similarly, Adidas’ new advertising campaign and New Era’s campaign are also alike.  In Adidas’ new TV commercial, a nerdy kid asks a waitress for the “freshest” thing they’ve got.  At the end of the ad, after being served the “freshest” Adidas shoes, it has the line:  CELEBRATE ORIGINALITY.  Click here to view the entire commercial.

For both New Era and Adidas, their customers define their brands.  When products can be customized, consumers are more likely to rally around those brands, become loyalists and generate positive viral buzz.  Especially in the fashion industry where competitors are offering essentially the same products, it is important to stand out.  Involving consumers in the design process is a great way to do just that.

What brand or product would you like to be able to add your own unique style to?

Source: NYTimes.com

Jenaleigh Landers is a recent graduate of Saint Anselm College and is an Account Coordinator at Griffin York & Krause.

Listen | Subscribe

Mike Stevens is absent but the rage is still flowing like wine … or fermented tea anyway.

In this episode, Ben, Brady, Mike G. and Liz sit down for a two-for-one helping of Check it Out.  First up, we take a look at Kombucha, the fermented tea beverage that’s stirring up controversy at Whole Foods stores.  Can its miraculous healing power outweigh its taste and hidden alcohol content?  Next, we get into a heated debate over low-fi video production spurred by a pre-show viewing of HBO’s The Neistat Brothers. There is certainly nothing else like this handmade home movie television show and Ben is determined to keep it that way.

Finally, we wrap things up with a new segment called GY&K Q&A, in which our panelists have to give quick answers to stupid questions – play along at home by sending your questions to auditorium@griffinyorkkrause.com.

Mike G. and Liz bravely taste-test Kombucha prior to recording – that’s show prep!

Check out the trailer for HBO’s The Neistat Brothers and tell us what you think …

In an attempt to reach consumers, from the big screen to everyday life, marketers and the entertainment industry are working closely together to develop content that will not only drive commerce, but will also grab consumers’ attention by merging a media brand with appropriate products.

The partnership between The Home Shopping Network (HSN) and the upcoming movie, Eat Pray Love, which is scheduled to debut today, is a great example. Last week, HSN hosted a total of 72 hours of promotions for the over 400 Eat Pray Love-inspired products like food, bedding, clothing, bags, digital products, jewelry and other accessories from India, Italy and Bali, the majestic backdrops to the movie. The giant shopping hub offered Sony Pictures a channel to reach their target demo, and Sony Pictures helped HSN sell more products.

Once a movie becomes a hit and it has established a loyal fan base, franchises are more likely to extend their brands. Earlier this year, OPI, a popular nail polish brand, launched a line inspired by the movie, Shrek Forever After. The line features Shrek-inspired colors — greens, yellows, purples and blues— with movie-inspired names — Rumple’s Wiggin’, Ogre-the-Top Blue, Fiercely Fiona, and Who the Shrek Are You? Now, those Shrek fanatics can channel their favorite green ogre even when outside the movie theatre.

Overall, these partnerships are fun and creative ways to reach their target consumers, sell products, and differentiate themselves from their competitors. With all of the rapidly expanding entertainment choices out there, it takes a bold move to turn audience attention into commerce.

Source: www.adage.com

Jenaleigh Landers is a recent graduate of Saint Anselm College and is the newest Account Coordinator at Griffin York & Krause.

In the increasingly content-heavy world we live in, today, unique and innovative ideas, apps and digital campaigns are king. Here are four pretty rad digital projects or campaigns that reeled us in, and ones that we think you should check out:

1. This week, the G4 channel reversed its name to its palindrome, 4G as part of a promotional campaign for Sprint Nextel’s 4G cell phones. The weeklong campaign hopes to reach early adopting tech savvy males, which not so coincidentally matches the demo of G4 viewers – a match made in geeky heaven. G4 and Sprint hope the partnership improves the channel’s ratings, Sprints reputation and the sales of its 4G phones.

2. A whole slew of big names like Sundance, YouTube, Kevin Macdonald and Ridley Scott teamed up for their newest partnership and big idea Life in a Day, the marriage of social media and film. Only July 24, the team behind Life in a Day asked people around the globe to create a user-generated feature film, offering a glimpse of their life on camera for 24 hours. The footage, that has to be submitted by Saturday, July 31, will be compiled into a film time capsule – a portrait of the world in a day. The film will premiere at the Sundance Film Festival in January. If you haven’t checked out the short interview from Kevin Macdonald about the film’s concept, you should.

3. It’s about time ‘check-ins’ were driven by incentive. And now thanks to Google backing location-based app SCVNGR, starting tomorrow, your check-ins will now lead to tangible prizes. If you haven’t checked out SCVNGR yet, you should. It’s like Foursquare on steroids. Users complete guided challenges lead by app and its 600+ partners which include museums, colleges, local restaurants, and even The Boston Globe.

4. Following their largest recall ever, Toyota launched a digital campaign to launch their 2011 Sienna minivan that features the adventures of a The Sienna Family – a quirky mom/ dad duo with two kids who, perhaps, love their Sienna minivan a bit too much. Not only is Toyota telling you that it’s absolutely cool to push their Sienna minivan (a.k.a. the ‘Swagger Wagon’) but they’ve launched a Facebook page and YouTube channel allowing you to share The Sienna Family with your family (and friends). 

By Jenaleigh Landers

Are you a person that is glued to your phone all the time? More than likely you have answered yes. Today, it is a rarity to see anyone without a cell phone in their hand texting away. The truth is, the mobile market has grown so rapidly that it has allowed users to stay “connected” all day and every day. Today, as many people lead an “on-the-go” lifestyle, the most effective way to reach consumers is via their mobile devices. Below, are five mobile commerce trends making a splash in 2010 that are helping marketers effectively reach their fully-connected consumers:

1. BARGAIN HUNTING
Everyone loves a good bargain and it has become that much easier to find a great deal with mobile applications.
• The RedLaser application enables users to scan product bar codes to find out which retailer is selling the product at the lowest price.
• With mobile applications for Google and thefind, consumers can search for the lowest prices on their favorite products right from their mobile phone.

2. MOBILE TICKETING
Do you hate standing in line at the movie theatre on a Friday or Saturday night? Thanks to Fandango and MovieTickets.com, you no longer have to. Both are using mobile ticketing to make going to the movies a less stressful experience.
• According to Juniper Research, transactions, worldwide, from mobile ticketing are predicted to be over $100 billion by 2012.

3. BANKING
Even banking has gone mobile with customers accessing their accounts online from their phones. Now, customers at participating banks have the option to deposit their checks by using their cell phones, making a trip to the bank no longer a necessity.
• According to data from comScore, “13.2 million people accessed their bank accounts from their phones during the month of April alone, which is a 70% increase from a year ago. And similarly, the number of people using mobile banking apps more than doubled, to about 5 million in the last year.”

4. PURCHASING TANGIBLE GOODS
Not only are consumers using their mobile phones to find discounts and coupons and to purchase ringtones and applications, but they are also using them to buy tangible goods.
• eBay has come out with a mobile application that notifies bidders when they have been outbid so that they can cast another bid or keep track of ending auctions.
• Apparel, auto parts, cell phones/accessories, sporting goods and collectibles are the top categories of purchased items using the eBay mobile app where every two seconds there is at least one item purchased.
• From 2008 to 2009, there was a 200% increase in goods sold via the eBay mobile app, and it is expected to increase in the future.

5. MARKETING
If you have not realized by now, cell phones are where marketers are targeting consumers. In fact, the national Retail Federation states that, “74% of online retailers either have in place or are developing mobile commerce strategies, while 20% have already implemented their complete plans.”
• Not only are advertisements being sent via text message, but popular cell phone applications like Pandora are now displaying ads as well. (source:  www.mashable.com)

What do you use your cell phone for? Banking, purchasing tickets, bargain hunting, staying on top of your most recent eBay bid?

From large corporations to mom and pop shops, many businesses see the value in engaging in conversations that are already taking place about their brands online. That’s why social media is fast becoming a standard component of marketing/pr/communications strategies.

But, while best practices are starting to emerge, companies still struggle with the best approach for engaging with their consumers. Below are five common social media marketing mistakes, and what you can do to avoid making them:

1. Not monitoring the conversation. Many companies make the mistake of not “listening” or observing how their ambassadors or detractors talk about their brand. This, however, is one of the times that it is okay to be a voyeur. See what your brand evangelists are saying about you on Facebook and Twitter, how many times your brand is mentioned on fan-authored blogs or how many fan videos are posted on YouTube. You’ll be able to gather key insights and understandings about your target audience and how better to engage them. Similarly, though, it is also important to listen to detractors as companies can learn from listening to unsatisfied customers as well.

2. Solely using junior staffers to run your social media platforms. Junior staff members offer a fresh and savvy perspective helping to navigate the ever emerging media waters. However, solely relying on a team that might not have fully grasped the ‘business’ perspective of your brand could muddy your brand’s social voice. Instead, staff your social media team with members at all levels, ensuring that your brand’s ‘voice’ is well-rounded.

3. Preventing a wildfire. As most PR & marketing practioner’s know, content, especially in the digital world, can spread like wildfire.  Taking a long time to respond or becoming defensive can only further fuel the fire. Instead, craft authentic but immediate responses to remain genuine, and keep haters at bay in a timely manner.

4. Be authentic. Did we just mention that above? Well, it’s true. A common mistake for brands is to ‘fake it’ by populating social media platforms with false comments or testimonials from brand evangelists. To stay and remain authentic, only use real, genuine testimonials from consumers that you’ve taken time to gather or that they have offered.

5. Plan social media efforts without an ‘off switch.’ A brand or company’s involvement with social media should never have an end date.  At the core of every social media campaign, is the cultivation and nurturing of customer relationships. After all, the goal is to create brand ambassadors and without an ‘always on’ outlook, your ongoing dialogue will be extinguished.

Without a social media users guide, we have each other – brands and companies alike – to learn from along the way. In the end, though, it’s important to remember that in the realm of social media, genuine, authentic and timely engagement is king.

Source: http://www.businessweek.com/managing/content/jun2010/ca20100617_480316.htm

On the heels of the first ever Social Media Day, it seems all too fitting that hospitals, too, are utilizing social media as marketing tools.

At the end of 2009, there were more than 350 hospital accounts on Twitter and nearly 220 hospital YouTube channels. With the year now half over, below are five trends that have already impacted hospital online marketing in 2010, and are likely to stick around:

1. Location-based SEO through mobile marketing
As Smartphones like iPhones, Blackberry, and Google Android become the norm, so is searching for information via cell phone. Therefore, to stay relevant, hospitals should:
• Optimize their websites with localized keywords/terms
• Develop links to local directory listings
• Geo-target SEM ad buys (advertising on cell phones)

2. Directly reaching consumers in their market
We all know the saying, “There’s an app for that!” Well, apps have now moved away from being strictly cell phone-based, and are now available on printers, TVs and even car dashboards. Hospitals should also use geo-specific cell phone applications like Foursquare, to help develop their own presence and successfully interact with consumers. Other successful healthcare-related phone applications include:
• Medical Encyclopedia, UniversalDoctor Speaker, iChart EMR & Allscripts Remote

3. Doctors managing their own reputations with online physician marketing
Many patients are researching their own healthcare needs online, and hospitals can reach this audience in their environment by:
• Using YouTube to broadcast a short video introductions from each of their doctors
• Featuring those videos on hospital physician profile sites to further promote their medical staff

4. Online Privacy
With major changes in online privacy, sites like Google now offer real-time searching, allowing Twitter content to be seen in search engine results. This availability of information means that:
• Hospitals now have an increased knowledge of patient behavior online
• Patients will have to choose between how much private information to share in order to receive targeted information, while trying to separate accurate, authoritative content from spam

5. Measuring ROI
Though there is a low-cost entry associated with social media for hospitals, tracking patient behavior on these sites was originally a challenge. Some tools have since been developed to measure ROI on these sites, and more are expected to surface in 2010. The following are tools that have been developed to help track ROI for social media sites:
• Klout for Twitter
• Insight for YouTube
• Google Analytics for blogs

Have you ever used Google to search for medical information? If on-the-go, have you ever used a healthcare-related phone app?