Tag Archives: building brand awareness

12 Benefits of Influencer Marketing that Every Brand Should Know

Benefits-of-Influencer-Marketing-that-Every-Brand-Should-Know.(infographic)

Benefits-of-Influencer-Marketing-that-Every-Brand-Should-Know.(infographic)

Every brand should know the benefits of influencer marketing. The market value for influencer marketing is set to surpass $13.8 billion in 2021. Furthermore, 75% of organizations are keen to leverage influencers to expand their reach and win customers’ hearts this year. This would represent a 50% plus jump over last year’s figure ($6.5 billion). Influencers alone will take home over $3 billion from the marketing campaigns.

So, the big question is – should you jump on the bandwagon? Influencer marketing can be expensive, and you have to be spot-on to generate the desired returns. Would it be worthwhile, nonetheless? The experts say – yes! Here’s why;

1. It boosts brand awareness

Influencer marketing is considered one of the most effective strategies for boosting brand awareness in the digital economy. For example, a single post by an influencer on, say, Instagram, can put your ad or brand in front of millions of new eyes – often in new markets.

2. Boosts credibility and trust

Followers idolize their heroes. Just as foot soldiers follow their leaders to battle, so do social media followers who see celebrities. An endorsement by a celebrity sways the opinions of their followers instantly. It’s the perfect way to earn new customers.

3. It can help you reach your target audience

4. Can increase brand conversions

 5. Boosts SEO performance and search ranking

Check out the America Noize post, which includes a resourceful infographic, to discover seven other benefits of influencer marketing.

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[Infographic] Psychological Factors that can Boost your Brand Awareness

infographic-Psychological Factors that can Boost your Brand Awareness

infographic-Psychological Factors that can Boost your Brand AwarenessSavvy entrepreneurs and marketers have used psychology to advance their brand awareness and marketing campaigns generations. For instance, many of the top companies choose their colors very carefully. Blue is a popular choice as it’s associated with dependability and trust. Meanwhile, other brands choose orange to communicate kindness and joy. Furthermore,  those who want to be associated with creativity and imagination tend to choose purple color schemes.

You, too, can begin using simple psychological tricks to boost your brand awareness and influence customer purchase decisions.

Quick Tips to Consider

The guys at Branex media have compiled a list of several psychological hacks you can implement today to win over more customers. These include;

Social Influence

Merely staying active on social media alone has a profound effect on your brand visibility. It sends the message that you’re available and easily reachable. Consumers are more attracted to brands they feel are available. Responding to user comments, answering questions, and generally chatting with your customers makes you seem even more available.

Consistency and transparency

Consistency is another vital tool in marketing psychology. Keeping a consistent marketing strategy creates a better customer experience and helps build credibility, reputation, and brand trust. On the other hand, inconsistency creates chaos and confusion, making it difficult to build loyalty.

Check out the Branex infographic to discover several other psychological hacks you can implement to boost marketing ROI.

 

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Why your Business Needs Digital Marketing

why-your-business-needs-digital-marketing

why-your-business-needs-digital-marketing

Digital marketing has grown to become an integral part of what business reflects on its customers. It’s no longer practical to just have a website or un-focused Ads campaigns. Without proper integrated digital marketing strategies, your business will be losing on potential or even existing customers. Some of the reasons why your business needs digital marketing. Create a strategy to  include the following:

Direction and goals

When building a strategy, one has to learn the following things.  What to do. How to build a plan of action and then follow the plan.  And how to grow the business. Therefore, by building a strategy to run a digital marketing campaign, one is able to get direction and goals. With no specific goals, it becomes difficult for a person to know exactly what to campaign for online.

An interactive brand

With online video clips, businesses are able to attract their audiences’ attention. Content like client stories, images, infographics, and short videos keep audiences informed and engaged. Remarketing on social media also gives a constant reminder of a brand to existing and potential clients. By incorporating personalized Ad content, a business becomes interactive and encourages future purchases.

Consumers are going digital

Studies show that the majority of mobile phone users can’t be away from their smartphones or the internet for several hours. Therefore, it becomes difficult to ignore how digital marketing can shape up a product. If a seller doesn’t engage his/her brand with the right digital marketing strategies, then he/she may lose a potential customer.

To learn more about why your business needs digital marketing and how you can incorporate it, check out the infographic from Verdure Digital below.

Why Your Business Needs Digital Marketing

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Brand Equity Pyramid: What Is Customer-Based Brand Equity? [Infographic]

brand-equity-pyramid-what-is-customer-based-brand-equity

Customer-based brand equity (CBBE) is currently one of the most vital metrics for enterprises. A high CBBE means that the brand’s name alone carries a lot of weight in the market. Consumers quickly recognize and resonate with the name.

The results? More word-of-mouth, recommendations (from individuals, experts, and even influencers), as well as positive sentiment in social spheres (both online and offline).

As such, more and more businesses are seeking ways to build their brand equity. The Keller Model, devised by marketing Professor Kevin Lane Keller, can help you build substantial brand equity for long-term growth.

Understanding the Keller Model

The main objective of the Keller Model is to help brands understand what their customers want and need, way before the customers even buy the product. It can also help you predict what customers need before the customers themselves know that they need the product.

The model is designed in the form of a pyramid with four levels. At the base of the pyramid are foundational salience concepts to help you build a strong brand identity. At this stage, you want customers to know;

  • Who you are
  • What makes you unique

Once you’ve established a strong customer-based brand equity foundation, you can move through the next steps in the pyramid. Check out the rest of the model to learn about key takeaways and implementation strategies for each level.

Thanks to the folks at Chattermill for this useful infographic.

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[Infographic] The New Marketing Funnel

[Infographic]-The-New-Marketing-Funnel-315

[Infographic]-The-New-Marketing-Funnel-315Introduction by Kim Buenafe

The marketing funnel has evolved over the years. Recent advances in technology, increased access to information, emerging digital marketing tactics, and changing consumer behavior have all contributed to this marketing funnel makeover. The customer’s buying journey is now less linear and more complicated than what the old funnel suggests.

The Traditional Marketing Funnel and How it Works

Businesses have been using the marketing funnel to visualize and understand the consumer’s buying process from being a prospect to becoming a buying customer. The term was coined because of how it works – like a funnel. Awareness sits on the wide edge of the funnel where potential customers are drawn in through various campaigns and research. Engagement happens next, followed by discovery and then purchase. Retention takes place when a delighted customer makes a repeat purchase.

For years, marketers have used marketing strategies inspired by the traditional marketing funnel. They capture leads, make sales, and retain customers. The farther the cycle gets, the narrower it becomes. This traditional marketing funnel was all but a linear journey. Fast forward to today, this might not be the case anymore.

Out with the Old, In with the New

As businesses grow, so does the consumers. The digital age not only sparked changes in marketing practices and tactics; it also enabled consumers to gather the information they need and altered the way they interact with each other. Given this scenario, prospects and consumers can now appear at any stage. This paved the way for a new marketing funnel – one that looks quite different from how it once was.

But how does it differ aside from the way it looks?

The new marketing funnel isn’t even a funnel at all. It’s a looping hourglass where customers can enter and exit at any stage of the marketing process. This further extends the finish line to include other stages, like adoption, expansion, and advocacy, that help nurture prospects through an omnichannel experience that’s unique for each buyer.

Let’s take a look at how the new, lifecycle-based marketing funnel works.

Wrap Up

With the new marketing funnel, marketers can come up with better business strategies that propel growth. When done right, it can lead to efficient sales processes and increased business profit. Now, the goal doesn’t end at the point-of-sale with a customer. Rather, the goal is to touch on every stage of the customer life-cycle, from spreading brand awareness to coming up with a long-term brand advocacy – a strategy that spells brand success.

Thanks to our friends at Campaignmonitor.com for this educational infographic.

https://www.campaignmonitor.com/resources/infographics/the-new-marketing-funnel/

[Infographic]-The-New-Marketing-Funnel_01

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