Digital Marketing: Here’s How To Get It Right
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In the past, supply chain dominance equaled market dominance. That has changed with the explosion of D2C start-ups such as Dollar Shave Club, Drizly, Warby Parker and Stitch Fix, all with just a digital native and social media savvy marketing tactics that have transformed established consumer spending. That’s when it proves it can take significant market share away from even private brands.
Along the way, these brands have pioneered new ways to use content to build direct customer relationships, communicate their unique brand identity, and collect audience data. These activities were previously siled within direct marketing, brand marketing, and customer experience teams. In short, they have established a modern content marketing strategy that traditional brands have begun to imitate.
Especially since the pandemic, the sheer number of brands asserting their claim in the digital economy has brought a new set of challenges.
- The cost of digital advertising is driven by fierce competition, including from well-funded established brands.
- CONSUMERS AND BUSINESS BUYERS Predict Deliver premium omnichannel experiences regardless of brand.
- Brands must fight harder for differentiation online that shoppers can easily find and compare.
- Maintaining a strong brand identity and message across an increasing number of digital channels is becoming increasingly difficult.
As a result, many brands are seeing lower returns on their usual marketing investments.
So, let’s take this opportunity to reflect on some of the lean principles that have made D2C marketing so amazingly effective, and how brands can adapt them to succeed in today’s digital landscape. I would like to The three most important are:
1. Goldilocks Principle
In the early days of D2C, many brands succeeded by targeting mature markets, drawing attention to niche audiences and doubling down with laser-focused messaging. Now you can see this unfolding in reverse. Discord is a brand that has grown from being a chat app made for gamers to disrupting the wider social media landscape.
With tools that access more audience data than ever before, brands have the opportunity to identify the micro-audiences consuming their content and, more importantly, the micro-topics that characterize the buying process. You can get Use this data to identify and own your niche.
All too often, we see brands spending time and effort ranking terms and dabbling in topics that are unlikely to move the brand needle. Tailor your content for the people most likely to benefit from your product and give them the information they need, rather than trying to be an “everything” expert for your broad customer base Please give your own qualifications to do so.
Imagine your brand as a mortgage lender. Your target audience is not just people interested in mortgages and homeowners.93% Not looking for a new mortgage. That’s people in the mortgage market.
What is “just right” content for them? (This is where the Goldilocks concept comes in). Perhaps content that helps you compare interest rates, understand how much you can borrow, and navigate the loan process.Perhaps their needs differ depending on whether they are first-time homebuyers, single, or married with children. Them Be passionate about answering questions and be the most competent expert available to provide support when and where you need it.
This allows you to focus first on truly owning the conversations that matter to your business, specific to your expertise, and those that touch your brand.
2. True Fan Principle
D2C brands rocked marketing early on, partly because they took advantage of timely shifts in consumer culture.
- Adoption of an innovative subscription model.
- communication through influencers;
- And it takes a stance against the “suffocating” brands they portray as being out of touch with their customers’ needs.
A case in point is Dollar Shave Club, which brought to market an affordable subscription-based razor delivery service. The company’s irreverent stance on the “old school” razor market resonated with younger consumers. The brand quickly gained a cult following after old-school giant Unilever, who couldn’t step on DSC’s street credentials, bought the brand for around $1 billion.
The lasting lesson here is to compete for fandom, not just attention. The ability to tap into the aspirations of passionate groups is powerful, as anyone who’s ever seen a Marvel movie or tracked the rise of NFTs can attest.
How do you grow a strong fan base with your content?
You need a commitment, not just a campaign. We create publications and host communities to create experiences that reflect the cultural identity of our customers, offer unique value, and foster community interaction. The more you can invite your customers to join a unique community that they resonate with and want to join, the more competitive your advantage will be.
This only increases the need to partner with creators such as:
- Experts in the particular storytelling medium they wish to use.
- Not only knowledgeable but immersed in the industry, topic, and/or culture you are covering.
- A representative of the audience you want to connect with.
- And step far enough away from the brand to bring the customer’s perspective and fresh insights to the table.
3. Salad Bag Principle
The D2C brand’s reputation lies in cutting the middleman out of the customer value chain, and taking digital marketing shortcuts along the way. The way they reimagined supply chains and marketing dynamics is exactly how brands reimagine the customer experience today. Both business buyers and consumers are looking for brands that offer quality with simplicity and convenience.
The best analogy I’ve heard to describe this is the salad bag. Mix… One day, a good guy decided to focus on the endgame instead. When a consumer buys lettuce, the end goal is usually to make a salad. So why not make it easier and combine those ingredients?
See, the salad bag was born and continued to fuel an entire consumer category of portion-controlled foods.
Evaluate the customer journey in terms of how well you help your customers achieve their desired goals. Are you using content strategically throughout that journey to eliminate, simplify, or combine the steps your customers need to take to consider, evaluate, select, and experience your solution?
The primary purpose of content is not to please executives or celebrate your brand. It is about removing barriers and “boosting” customers towards your product by presenting them with information that helps them make better, more informed decisions. Organize your content experience accordingly.
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As marketers, we are well aware that delivering unique and customized content experiences across channels and touchpoints is out of reach. You need to stay focused on your fan base, craft messages that resonate on a personal level, and design unique experiences.
In the coming months, we will add new capabilities to our Skyword360 technology that use AI to support this effort, making content personalization and atomization easier and more cost-effective for marketers. We are pleased to announce that we will
Ping me If you’re interested in discussing it now, stay tuned for more details in our next post.