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2235 total results found

Contrast and Color

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Similarly, contrast and color draw the attention of the visitors to the contrasting and colorful design elements, like a button, a specific sentence, a title, or a form (Figure 8.9). Many websites now exist to help with color theory and finding the best contra...

Engage

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

A widespread definition of engagement attributed to Forrester is “creating deep connections with customers that drive purchase decisions, interaction, and participation, over time.” Accordingly, the two objectives of the Engage stage are to (1) foster loyalty ...

Introduction

Entrepreneurship (Ed23) Chapter 10 - Launch for growth to success

Figure 10.1 Dropbox, founded by Drew Houston and Arash Ferdowsi, has realized unprecedented growth, as the company is valued in the billions of dollars. (credit: modification of “Dropbox” by Ian Lamont/Flickr, CC BY 2.0) Chapter Outline ...

The Interview Process - Information

Entrepreneurship (Ed23) Interview with Julie Yew - Business in ...

  Good Day! My name is Emi and I am the pedagogical assistant at Innovatank.  First of all, thank you for joining us in this interview process!    The steps are simple 1. Review the questions in your chapter and Edit them as you wish 2. We will meet i...

Exercises

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

  You are Spikeball (see the following video): We want to create co-creation activities along the value chain. Lead Users Who could be lead users? Find two co-creation activities that lead users can part...

Engaging Customers in Co-Creation Activities

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

Co-creation refers to the joint creation of value by a company and its customers (Prahalad and Ramaswany 2004). Nowadays, most marketing activities can be co-created with consumers, whether those activities be market research, product innovation, advertising c...

Net Promoter Score

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

Another approach to measuring customer satisfaction and engagement that is widely used is the net promoter score (NPS). Described by the Harvard Business Review as “the one number you need to grow,” NPS is associated with a single, one question survey based on...

RFM Analysis

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

RFM, which stands for recency, frequency, and monetary value, is a long-standing analytical method that helps analyze and segment customer behavior based on the recency of their last purchase, the frequency of their purchases, and their monetary value, i.e., h...

Customer Lifetime Value

Digital Marketing Strategy (Fall23) Module 9: Engage: Building Loyalty and ...

Customer lifetime value (CLV) represents a customer’s profitability over their entire relationship with the business. A straightforward way of thinking about CLV is as follows: CLV = average profit per sale (AP) × number of repeat transactions in a period (RT...

Exercises

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Conversion Optimization Based on this week’s chapter, optimize the landing page located at bit.ly/34muGIR. Explain your reasoning. Retargeting and Remarketing Assuming the following path, where could use your retargeting ads? User clicks on ...

Directional Cues

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Directional cues serve two purposes. First, they help direct visitors’ attention to the elements that are pointed to. Second, they help create a reading pattern for your users to follow (Figure 8.10). Keep in mind that reading patterns should also be supported...

Remarketing and Retargeting

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Remarketing (sometimes called list-based retargeting) and retargeting (also called pixel or behavioral retargeting) are forms of targeting that serve ads to specific consumers, albeit differently. Online, you might find varying terms for these two activities. ...

Think Continuity

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Ensuring that a persona achieves its macro conversion (e.g., making a sale) entails having well defined, planned paths through which it will go. This idea can be broken down into two main components. First, every conversion is an opportunity for another conve...

Consider Congruence

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Congruence is particularly relevant when designing landing pages, but its driving principles can be used when designing pages throughout a website. According to Unbounce, Congruence refers to The alignment of every landing page element with your single camp...

Build Trust

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

In an age where fake news is rampant, almost half of Amazon reviews are unreliable (AdAge), and when anybody, anywhere can create an online shop, instilling trust is a key component to making sales. This is especially true for smaller brands that consumers mig...

Message and Design Matching

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Ensuring consistency can be supported by practicing message and design matching. Message matching entails repeating the copy or phrasing of your ad or search page result in the webpage where users land. This ensures that the user knows that the page they’ve e...

Stay Consistent

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

By consistency, we mean how all the elements of a campaign work together. Ideally, these elements should match. Answering the following questions can help us stay consistent: What was the search that the consumer did that led them to see my ad or search res...

Build Structure for Clarity

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Building structure for clarity is all about making sure the message of a page gets across clearly and quickly. To do so, it is useful to follow basic principles of information and visual hierarchy, where the more important the information, the better positione...

Whitespace

Digital Marketing Strategy (Fall23) Module 8: Convert: Conversion Optimization

Lastly, whitespace is also a design tool that is useful to draw the attention of visitors to specific webpage elements, as shown in Figure 8.12. Figure 8.12 White Space

10.1 Launching the Imperfect Business: Lean Startup

Entrepreneurship (Ed23) Chapter 10 - Launch for growth to success

LEARNING OBJECTIVES By the end of this section, you will be able to: Describe how businesses use lean startup principles to develop products and test markets Identify how the build-measure-learn method helps companies understand what potential customers...