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Presentation by Bryan Eisenberg, the optimization fitness plan, as presented in his first keynote at the Fusion Marketing Experience Antwerp 2011.
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© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Presented by:
Bryan Eisenberg, Partner, Eisenberg Holdings
http://www.BryanEisenberg.com
@TheGrok
Optimization Fitness PlanIs Your Business Fit Enough to Keep Up With Your Customers?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
http://www.bryaneisenberg.com
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
The Speed of Business Change
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Your Customers Have Changed Their Pace. Have You?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Advertising only accelerates the inevitable...
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Social Media dramatically
increases the velocity!
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Smartphones34% of smartphone owners have owned one less than a year, 80% less than three years.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
TabletsTablet sales will eclipse laptop sales by 2015. Many retailers are seeing 5-10% of traffic from iPads alone. Today.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Photo by hdrdoc
Multi-channel is very, very hard to execute today.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrokMarch 2011 “Welcome To The Era Of Agile Commerce”
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Agile business leaders will optimize touch-points,
not channels.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Customers want to see a brand – not separate channels
In Online
Social Web
MobileSales
pervasive engagement
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Think Cross-Channel: Consumers will interact with any channel they want, when they want.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Corporate Agility
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
There is a Huge Gap!
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok© 1998 - 2010
•"Execution is not an event — a onetime push toward achieving goals. Rather, it is a way of life."
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Are you engaged with your customers across all touch-points?
78% of smartphone owners use their phones while they shop. - Eric Schmidt, Google
30% of consumers use three or more retail channels for any shopping transaction.- Matt Anderson, Booz & Co.
92% shoppers have more confidence in info sought online vs. anything from a salesclerk or other source. - Wall Street Journal
81% of respondents said they'd received advice from friends and followers relating to a
product purchase through a social site; 74% of those who received such advice found it to be influential in their decision. - Click Z
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
It Pays to Be Agile
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Do it Wrong QuicklyWe work on “the plan,” which isreviewed and approved by execs,then we execute flawlessly (or do we?)
• We’re looking to hit the arrow in the center—the bulls-eye
But what if the game is to score the most points, i.e., the sum of arrow scores.
• Shooting three arrows may be muchmore effective
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
To Innovate, Experiment Often• “If you're not prepared to be wrong, you'll never come
up with anything original” – Sir Ken Robinson (TED 2006)
• “To have a great idea, have a lot of them” -- Thomas Edison
• If you have to kiss a lot of frogs to find a prince, find more frogs and kiss them faster and faster
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
A Marketing Optimization Fitness Plan
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Whack On The Side of The Head
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
TweetVP• In 140 characters or less, tell me the value of doing
business with you.
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
3 Words to Describe You:
• Ask your customers the same about your brand on Twitter & FB
• How long until you get 100 responses?
• What do the responses say about you?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Are You In Ecommerce?Take 10 mystery shoppers:
• Step One: How long does it take from customer order to fulfillment? What is your Benchmark?
• Step Two: Split the 10 into 3 groups. Have them contact customer service by email, phone & Social Media. How long until they get resolution?
How did you perform?
Were there any breakdowns in operations?
Did each channel respond equally?
How can you improve?
How did you compare to your competitors?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Are You In Lead Generation?Take 10 mystery shoppers to fill out lead forms:
• Step One: How long until they got their first real response – not an automated one from an e-mail auto-responder?
• Step Two: How long does it take for them to get a real price for your product or service?
• Step Three: Split the 10 into 3 groups. Have them ask a tough question by email, phone & Social Media. How long until they get a correct answer?
How did you perform?
Were there any breakdowns in operations?
Did each channel respond equally?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Expion Report
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Are You A Publisher?
Everyone should be thinking they are today!
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
What’s Trending?
http://www.google.com/trends/hottrends
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Publishing Agility• Step One: Pick a Trending Topic and publish something about
it that is relevant to your business.
• Step Two: How long does it take you to create:
• a blog post from it?
• an online press release?
• an online video?
• an infographic?
• Step Three: How long does it take you to find influencers & socialize it?
• Step Four: Ask to make some revisions to it. How long does it take?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
What If The Rules Changed?• Step One: Identify 25 of your most viewed PPC or FB
Ads
• Step Two: Ask your team to come up with 3 versions of each ad to test.
How long does it take to write them?
How long does it take to get them implemented?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Ideal Data Reporting Structure
CFO
Product
CFO
Sales & Marketing
ManagementReporting
Real - TimeStats
Marketing
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Metrics Madness
Open up your marketing dashboard with your KPIs (key performance indicators):
• Step One: Go through each one and ask them what the team’s plan and role is as each one of those metrics changes by 20 percent up and by 20 percent down.
Do they have clear action items?
How long would it take for them to respond?
Do you have too many KPIs or are your KPIs not clear enough?
Can they prioritize these changes effectively?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Creative Testing• How long would it take you to come up with 10 new
experiments with strong hypothesis, not just variations?
• How long would it take to execute on these?
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Beat Your Benchmarks?
Practice Daily!
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Take Baby Steps To Improve
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
5 Star Culture Traits
★Customer Intimate - Amazon
★Remarkable - Virgin
★Authentic - Zappos
★Nimble - Best Buy
★Test & Tweak - Google
© 1998 - 2011 Eisenberg Holdings, LLC - @TheGrok
Thank you for listening!
Bryan Eisenberg
Read our blog: www.BryanEisenberg.com
Call us at (347) 470-GROK (4765)
Follow me on Twitter Please:
@TheGrok