How to Avoid Marketing Mistakes That Impact Your Bottom Line |

IT-блоги How to Avoid Marketing Mistakes That Impact Your Bottom Line

Brandwatch Blog 26 февраля 2022 г. Content Bot

How to Avoid Marketing Mistakes That Impact Your Bottom Line

A few years ago our then-intern (and now Product Marketing Manager) Phill Agnew was let loose on our Brandwatch Twitter account.

At the time we were promoting a guide on community management, and he took a rather interesting approach on the wording of the social post. We awoke the day after promoting the guide to a number of angry replies, accusing us of being rude and disparaging. Bad times. What had he tweeted?

“Don’t be a stupid marketer. Download our guide.” Grimace emoji.

Despite the vocal reaction, and our swift deletion of the tweet, it still became on to be one of our most clicked through tweets of all time, and the guide was a big hit.

Sure, it definitely should have been worded better. It was questionable in tone. But the sentiment actually rings true. Marketers don’t want to be stupid. I’d know! I’m one of them.

It’s now one of our classic internal references and still gets mentioned every now again, with an arched eyebrow. We’ll never let Phill forget it. And he won’t let us.

So what point are we making here? Well, marketers do make simple mistakes every day, despite the abundance of insights available.

While that’s bad news for most marketers, it’s good news for you. It means if you learn from their mistakes, you’ll have a competitive advantage.

We’ve collected insights from a wealth of different sources, and compiled a new guide that will give you the tools you need to spot each common mistake, and give you the edge over competitors. Sounds good, right?

This guide highlights essential marketing research to help you avoid common mistakes. Read it to discover:

  • The experiment that increased jam sales by 100x ?
  • How Ben & Jerry’s improved online ads by 25% ?
  • The advertisement that 1/3 of consumers hate ?
  • How LateRooms converted 30% of its social engagements ?
  • The idea that boosted beer sales by 2.5x ?

View the free guide

“There really is no better way to improve your marketing than by researching and understanding your audience.

This guide comes from one of the best web monitoring tools on the market and it shows in all the examples and data it uses to back up these common marketing mistakes – and the best way to learn is by understanding your mistakes!”

 – Lilach Bullock – Content Marketing Specialist 

“Consumer preferences are changing.”

We often think of our consumers as irrational. Constantly changing their minds.

As soon as a new competitor enters our market we’re terrified they’ll steal loyal customers. So, marketers change campaigns and strategy to keep up to speed with ever-altering consumer preferences.

While there’s some merit to thinking like this, it largely evades a fundamental law consumers align with: The consistency principle.

The principle was first noticed in 1968 by two Canadian psychologists, Knox & Inkster. They found that gamblers are more confident their horse will win immediately after they place a bet.

Nothing about the horse or its odds has changed. But something in the consumer’s mind has.

Once we make a choice we will encounter pressures to behave consistently with that commitment (Cialdini, 1985).

Some enterprising marketers have learned ways to harness the power of this principle.

Google your favorite festival and pull up a promotional poster. There will be an important piece of information missing from the poster – the price.

Why? Because promoters have recognized that concertgoers are more likely to buy a ticket after they’ve searched for the price. The time spent searching only increases the likeliness they’ll purchase. Similar parallels are seen in movie posters or album covers.

How can social listening help you take advantage of the consistency principle?

In 2016, a video game manufacturer used Brandwatch Analytics to learn if the consistency principle affected sales.

In the run-up to a major gaming event they monitored two strands of conversation about their games:

  1. General discussion about the game (e.g. this game looks cool)
  2. Intent to purchase discussion (e.g. I want this game)

The results were fascinating. Game 1 generated more conversation. But game 2 generated more intent to purchase mentions.

What became clear after the release was that general conversation didn’t have an effect on sales. But intent to purchase mentions, due to the consistency principle, did.

People are more likely to buy a game if they’ve already said they will.

This is an effective way to predict future sales and measure marketing activities.

What are the other six mistakes you need to understand, and avoid?

Glad you asked! It’s all available right now, in this free to view guide.

“Marketers who understand the impact of content on the customer experience are in the best position to drive the business outcomes that are most important to their organization”

–  Dennis Wakabayashi, Vice President at The Integer Group

Learn from brands including Coca Cola, CBS, and Ben and Jerry’s, and ensure your marketing teams are making the right decisions, at the right times.

View the guide.

Источник: Brandwatch Blog

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