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Four expert digital marketing strategies to convert bottom-funnel prospects

Conversion funnel diagram

30-second summary:

  • To convert bottom-funnel prospects, must combine data-backed remarketing with product experience demonstrations, exclusive offers, and relevant upsell opportunities. The first one determines who you should target while the rest three explain how to target them.
  • Dynamic remarketing on (Facebook and Google) allow you to target prospects who have previously visited your website or app with a call-to-action to make an immediate purchase.
  • Product demos, customer reviews, testimonials, etc. work best when they are personalized, showing how your product can help a prospect overcome similar problems that they may be facing.
  • Use special offers and discounts as last-minute nudges to convert prospects.
  • Pre-purchase cross-selling/upselling can work well if you apply non-aggressive strategies.

The toughest prospects lie at the bottom of the marketing funnel. The lowest rung is the stage where prospects take the action of conversion. That makes it a hot battleground. At that stage, the prospect is already aware of all their options. Marketing to them is a matter of conviction, giving the last nudge that leads them to make a purchase decision in your favor. There are no sales if you can’t convert bottom-funnel prospects.

Source: Pixabay

The further down the funnel a customer goes, the more you should position your product as the utmost solution that they need. For this, you must combine remarketing with product experience demonstrations, exclusive offers, and relevant upsell opportunities. The first one determines who you should target while the rest three explain how to target them.

1. Remarketing/Retargeting ads

The entire idea behind remarketing is to recapture the interest of brand-aware sales prospects and convert them the next time around. It’s the perfect BOFU strategy, and it works best for ecommerce stores. It’s not as easy as it seems, though. BOFU remarketing should aim at straightforward conversion and not just to make the prospects learn more.

For instance, if you have an ecommerce site, your retargeting strategy could include a call-to-action with a direct link to check out (if the prospect already has products in their cart) or to quickly add products to their cart (if they had previously only browsed your store). Those are called dynamic ads by Facebook (or dynamic remarketing by Google) and used by many ecommerce stores to display ads that include products that people have viewed on their website or app.

Digital marketing strategies to convert bottom-funnel prospects - Retarget ads Facebook model

Source: Facebook Dynamic Ads formats

When setting up remarketing ads with Google Display Network or Facebook Ads Manager, you can set goals based on actions you want customers to take, such as buying on your website or calling your business directly (customers may require support to complete a purchase, particularly in B2B marketing).

2. Demonstrate implementation

The BOFU is your ultimate chance to argue your case for your product and show, not just why it’s better than its competitors, but primarily how it can help the prospect.

In displaying testimonials and video demos, personalization remains sacrosanct. Show each prospect a review or a demo that matches their particular needs. This works best if you have previously collected some information about the prospect (at the TOFU and MOFU stages).

If your product addresses customers across multiple industries, for instance, display industry-specific use cases, demos, customer stories, and reviews. A prospect will be more encouraged to convert when they see how your product has helped other people who had similar needs to theirs. You must show them.

Digital marketing strategies to convert bottom-funnel prospects - Demonstrate implementation

Source: A Hubstaff demo video runs on its landing page

Mind you, demonstrating implementation for B2B products is not limited to content. It can also come as an offer for consultation. Consultations allow you to collect valuable data and understand your prospective customer while also giving you a direct chance to break down how your product helps them solve their specific problems in a way that online ads can’t.

3. Offer a discount or special offer

BOFU marketing aims to make a prospect at the decision stage one irresistible offer that tilts the balance of their conviction towards your product. Special offers can help you achieve this. For instance, offering free delivery or free installation when your competitors charge for the same service may win you many more customers/clients than otherwise.

Customers love discounts. According to the 2020 Valassis Consumer Intel Report, 60% of customers claim that coupons lead them to try new products while 53% admit that coupons can make them choose a brand they would typically not patronize. More so, 72% prioritize saving money by using coupons/discounts.

Digital marketing strategies to convert bottom-funnel prospects - Offer discounts and special offers - Example Valassis

Source: Valassis

While incentivizing prospects to make a purchase is perhaps the most common strategy, it’s not always effective. Especially during times like the holiday season when there is no shortage of discounts. You need a distinct plan to get ahead and convert bottom-funnel prospects.

Discount pricing is not just about throwing offers around indiscriminately. It requires careful strategizing. To make discounting successful, you need to know the kind of special offers that work for your audience best. A/B testing comes in handy here. It can help you determine if free shipping works better than, say, a 10 percent discount or a freebie for your audience.

4. Pre-purchase cross-selling or upselling

It seems counterintuitive to offer a prospect an additional (even more expensive) item when they are not yet convinced to purchase the main product. Marketers usually wait until a lead is converted before upselling to them. Pre-purchase cross-sells/upsells are tricky, which is why many marketers avoid them, you don’t want to scare off an already convinced customer by asking them to shell out more money for an expensive addition. On ecommerce websites, pre-purchase cross-sells/upsells are usually displayed on the product page, cart page, or checkout page.

Doing it right requires tact. Pre-purchase cross-sell/upsell opportunities must be:

  • Relevant – They work best with complementary products.
  • Easy to turn down – You want to appear as non-aggressive as possible to avoid turning your prospects off.
  • Easy to accept – When a prospect is only one click away from conversion, extending the process may make you lose the prospect. Ecommerce companies are now opting for one-click upsells that add no extra step to the purchase journey.

See the examples below. Both are cross-selling/upselling offers for relevant products. While the first one elongates the purchase process but makes declining very easy, the second one is more optimized with its one-click checkout options either way.

Digital marketing strategies to convert bottom-funnel prospects - Custom pop ups on check out

Source: DigiSmoothie

Source: Zipify

Conclusion

Creativity matters more than intensity when you aim to convert bottom-funnel prospects. It’s all about the nudge. That’s the time to make use of all the information you have gathered about the prospect throughout their customer journey to determine what moves them. Perhaps a 5% discount would work for a certain class of your audience, while another demographic must be convinced via video demos. It all boils down to the type of product you are offering and the type of audience you are trying to convert.

Guy Sheetrit is the CEO of Over The Top SEO, an award-winning marketing agency that provides customized SEO marketing solutions for ecommerce, local, and Fortune 500 companies. He can be found on Twitter @guysheetrit.

The post Four expert digital marketing strategies to convert bottom-funnel prospects appeared first on Search Engine Watch.

Source:: searchenginewatch.com

Flatten the 
Curve 2021 – Visualization of a Pandemic

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A bit of a passion project, something we’ve been doing since the beginning of starting our design studio has been to create a Calendar each year with a specific data visualization focus. Themes in the past have ranged from “When the World Celebrates”, to “Tech Startup Evolution”, to “Melting the Year”. And other times, it’s just about creating a beautiful new visualization of a Calendar.

Not only it is an excellent exercise in flexing our visualization muscles, it’s also a way we love to give back to the community and clients that support Bureau Oberhaeuser!

During the past year no other topic has been more on our minds than the pandemic caused by the SARS-CoV-2 virus. Many decisions were made to save as many lives as possible through political resolutions and through our own responsible actions. In 2021 the days are still unwritten, but we hopefully expect a positive development and a return to normality through the first vaccinations. Until then you can compare the resulting data on a daily basis and above all stay positiv – test negative!

Agentur
Bureau Oberhaeuser

Source:: designmadeingermany.de

B2B Marketing News: Top B2B Content Barriers Study, Google Adds New My Business Data, Top Posting Times Report, & Tech Spending On The Rise

2021 January 15 MarketingCharts Chart

2021 January 15 MarketingCharts ChartThe Top Barriers to Creating Great B2B Content [Study]
Workload, resources, interference and changing priorities rank as the leading obstacles faced by B2B content marketers, according to recently-released survey data of interest to digital marketers. MarketingProfs

Google My Business launches new performance reporting
Google has added new performance reporting features to its Google My Business service, which now includes search term data from Google Search and Maps, among other new reporting information available. Search Engine Land

The Best Times to Post Your Social Media Updates in 2021 [Infographic]
One LinkedIn post a day published on Tuesday through Thursday between 7 to 10 a.m. or 5 to 6 p.m. are the top posting days and times on the platform, according to newly-released report data, which also covers other social media platform top posting times. Social Media Today

Pandemic Accelerated Consumer Media Tech In 2020, Makes For Tough Comps In Next Few Years
U.S. consumer technology industry sales grew by 17 percent during the pandemic year of 2020 — its strongest performance of the past seven years — a growth rate that isn’t expected to continue during 2021 or 2022, according to recently-released forecast data. MediaPost

What Kinds of Online Ads Do Early Tech Adopters Say Catch Their Attention?
47 percent of early technology adopters prefer social network side banner ads and brand promotional content, while 37 percent prefer online video ads and some 34 percent favor traditional website banner ads, according to recently-released survey data of interest to online marketers. MarketingCharts

Advertiser Perceptions: Google Looms Large Over The ID Resolution Market, But Indies Are Also Making A Splash
29 percent of advertisers and agencies use Google as their top identity resolution solution, ahead of second place LiveRamp and Salesforce, according to new data from the Advertiser Perceptions ID resolution marketplace report. AdExchanger

2021 January 15 Statistics ImagePinterest A Safe Haven For Brands As They Reportedly Cut Budgets Amidst Turmoil
The role of the primarily-positive social media platform Pinterest has undergone change during recent tumultuous times — changes that certain brands are benefiting from, as Pinterest announced fourth quarter usage gains. MediaPost

2021 Instagram Stories Benchmark Report
Brands are utilizing Instagram Stories more than ever, according to new RivalIQ report data of interest to digital marketers, detailing how retention rates are relatively flat and reach rates have fallen. RivalIQ

Consumers Want Warm And Cuddly Ads, Study Finds
Inspiration, joy, love and hope represent the top emotions that consumers are seeking in advertising, while 73 percent said that they wanted brands to feature greater diversity in campaigns during 2021, according to recently-released survey data examined by MediaPost. MediaPost

Here’s What Women Want to See from Brands in Advancing Gender Equality
More female leadership, stronger support, and more accurate portrayal in advertising are among the initiatives most wanted among brands seeking to advance the stature and representation of women, recently-released survey data shows. MarketingCharts

ON THE LIGHTER SIDE:

2021 January 15 Marketoonist Comic

A lighthearted look at “marketing beyond cookies” by Marketoonist Tom Fishburne — Marketoonist

How Old-School Text Adventures Inspired Our Virtual Spaces — Wired

TOPRANK MARKETING & CLIENTS IN THE NEWS:

  • Nick Nelson — 10 Important Lessons Small Businesses Can Learn from 2020 — Small Business Trends
  • TopRank Marketing — B2B Influencer Marketing: Vorteile richtig nutzen [In German.] — Contentpepper

Have you found your own top B2B marketing story from the past week of industry news? Please let us know in the comments below.

Thank you for joining us for this edition of the TopRank Marketing B2B marketing news, and we hope that you’ll return again next Friday for more of the most relevant B2B and digital marketing industry news. In the meantime, you can follow us at @toprank on Twitter for even more timely daily news.

The post B2B Marketing News: Top B2B Content Barriers Study, Google Adds New My Business Data, Top Posting Times Report, & Tech Spending On The Rise appeared first on B2B Marketing Blog – TopRank®.

Source:: toprankblog.com

Breaking Barriers

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Der brennstoffzellenelektrische Antrieb von Bosch schafft es Grenzen zu überwinden. Die neue Technologie, basierend auf Wasserstoff, ermöglicht eine hohe Reichweite und maximalen Fahrspaß. Für die Produktkommunikation haben wir einen dynamischen und fahrspaßbetonten Film produziert. Das Prinzip: Grenzen ständig zu durchbrechen und zu überschreiten. Abstrahierte Elemente, die sich neu formen und verändern – in einer futuristisch gestalteten, neuen Welt des Wasserstoffs.

Agentur
Design Hoch Drei

Source:: designmadeingermany.de

Luv&Lee #7

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In dieser Ausgabe des Luv&Lee Hochschulmagazins konzentrieren wir uns auf das Wesentliche. Doch was ist das denn eigentlich? Worin liegt die Würze in unserem Alltag? Die weitgehende Antwort darauf: eine Verallgemeinerung existiert nicht. Egal ob orange oder blau, geschwungen oder geradlinig, jeder ist einzigartig. Nur wir selbst können unseren persönlichen Geschmack in die Welt tragen. Und wenn wir ehrlich sind:
eine kleine Prise Wir schadet nie.

Kopfteam
Anna Schuirer / Jakob Löffler / Deborah Flierl / Theresa Vogt / Annelie Krämer / Julia Sukop

Team
Constantin Karl / Lisa-Marie Kaspar / Tingting Ying / Hannah Gussner / Tamara Sifft / Lina Sommer / Alex Diel / Luca Bettinger / Kathrin Koeppen / Kira Krüger / Lukas Altmann / Gregor Scheuerlein / Diana Wiedmann / Luisa Wolf / Hannah Leimig / Manuela Woywode / Maike Schweikhard / Johanna Link / Valentina Groha / Antonia Nix / Katharina Landisch / Annika Lotter / Richard Ley / Johannes Kube / Lisa Wirth / Lisa Büchse / Don Hoang / Kristina Ruppert / Sonkoy Mamani-Bath / Lara Sölch / Valentina Müller

Herausgeber
Fakultät Gestaltung Würzburg

Source:: designmadeingermany.de