Archive for the ‘Industry Research’ Category

The Future of Print

Monday, September 29th, 2014

Everyone has an opinion about it. But we’re most interested in what the people closest to the action—owners and managers of companies that print—have to say. So last month we launched the Future of Print Survey. Early results are in. Among the key numbers:

• 53.9% expect the total demand for print (all products, all processes) to stay around current levels over the next three years. In comparison, 26.9% expect demand to decrease, 15.4% expect demand to increase, and 3.8% aren’t sure what to expect.

• 73.9% expect print’s share of their company revenue to decrease between now and 2017, 8.7% expect print’s share to increase, and 17.4% expect it to stay around current levels. Among all companies surveyed, print is expected to decline, on average, from 73.9% to 64.6% of revenue.

• 57.7% believe direct mail has the most growth potential of any printed product, followed by promotion (other than direct mail), wraps and banners, and packaging, each cited by 38.5%.

Many we’ve surveyed emphasize that the future of print will ultimately be determined by its ability to deliver value. The comparisons they draw between what print was and what it is show that ability is hardly static:

• Generic direct mail compared with highly personalized direct mail carrying “QR codes or pURLS that allow you immediate feedback on the success/failure of the piece.”

• Mass-market catalogs compared with “on-demand, evergreen catalogs with variable-data processing tailored to individual needs and delivered very quickly.”

• Traditional business cards compared with cards with “QR codes on the back to scan contact information directly into the phone without error.”

Of course the innovation will continue, with print incorporating new ways to create value over the next three years, just as it has over the past three years. But understanding only the technology side of the innovation, the “bells and whistles,” isn’t going to be enough. The opportunity for every company in our industry is to understand how our clients and prospects can benefit from the innovation—how it can help them get noticed, whether in the mail box or the retail aisle, attract and retain business, better understand their target markets, increase revenue, decrease costs and waste, etc.—and then to communicate those benefits to them, never assuming they just get it.

Revamp Your Sales Model

Thursday, August 28th, 2014

Your business ebbs and flows. Good months followed by an ‘OK’ or a not so good month. How do these results compare to your plan, what’s working and where is either the plan or the execution falling short. We could be talking about a few of your reps or the entire business.

Too often the plan has not been thought out as well as you’d like it to be and the story is that the outside environment-the clients, the competitors, the ‘markets’ aren’t playing nice or playing fair. Well, that’s the norm for today. Nothing is fair and logic is not what it used to be. Maybe it’s time to revamp the sales model. We see company’s overcoming these obstacles by doing a few things differently.

  • They have gotten closer to their clients and have a better understanding of their updated buying processes. This has enabled them to modify their sales model and increase their sales effectiveness.
  • They have achieved buy-in from their sales department, their senior management team and all client-facing staff to the plan, the company’s plan.
  • They have targeted growth opportunities in vertical markets that they can repeat their sales process to effectively communicate, build trust, present real-world business solutions and earn business from these new clients.
  • They’ve incorporated a suite of metrics to measure and report their successes in achieving the sales goals their going after.
  • Accountability. No plan is perfect, right? When they see elements of their plan not generating the results they need they are not hesitant to tweak the plan and make adjustments (sooner rather than later).

While no plan will cover all the moving parts of an industry that is transforming, without one it becomes increasingly difficult to adapt both the sales effort and the business to opportunities in the marketplace.

Great QR Code Use for the Haters

Saturday, August 23rd, 2014

I have been participating in a LinkedIn discussion for designers in which the QR Code haters are out in force. The consensus was that QR Codes are dead because they are ugly, there are more innovative technologies out there, and designers don’t like them.

If you ask me, that’s the wrong way to look at it. This isn’t about what’s innovative, what’s aesthetically pleasing, or what designers like. It’s about what accomplishes the goal set by the client. If QR Codes are the response mechanism (or one of the response mechanisms) that accomplish that goal, then great.

Designers should be thinking more about matching goals to channels than what looks pretty and stimulates their personal interest.

SeaWorldScanbuy has an interest use case that I think exemplifies QR Codes at their best. The use case comes from SeaWorld, which wanted to drive traffic to its mobile app, where it could communicate park details and share special features.

Using the tagline “Put the Park in Your Pocket,” SeaWorld added QR Codes to signs throughout the park to drive visitors to the app. In addition to providing general information about the park, the app included features of real value to the user, such as a car-finder, wait time information for popular shows, and GPS navigation throughout the venue. SeaWorld also generated 20,000 app downloads in just six weeks.

That doesn’t sound like QR Codes are dead to me. It sounds like a great match of campaign goals to marketing channel.

Rate and Pace Will Win the Race

Thursday, August 21st, 2014

By now, the failed experiment of Ron Johnson as CEO of major retailer JC Penney has been well chronicled.  Until the April 7 issue of Fortune magazine, however, much of the detail about what happened had not been made quite so public.  What was revealed in the article, titled, “How to Fail in Business While Really, Really Trying,” was not simply corporate hubris or even CEO ego run amuck.  Rather, it demonstrated quite simply how difficult business transformation can really be (even for really smart people).

So here we have Ron Johnson, former head of Apple’s retail division, widely hailed as a genius for making his vision for Apple retail stores a reality.  If you have ever visited an Apple store (and you probably have), you know that they continue to be busy, buzzing, bustling (and very profitable) places.  Innovative in design, layout, lighting, and staffing, there is nothing traditional, stodgy, or boring about an Apple retail store.  The same could not be said for JC Penney.  In fact, the big retailer had plateaued and was going nowhere fast.  Who better to transform this traditional, boring, also-ran into a lively, exciting, youthful destination?

Clearly, Johnson had his own ideas and his own ways of doing things.  And he did what many in his position do when beginning a new challenge: he surrounded himself with his own people.  The holdover JC Penney team members were made to feel as though they were outsiders, especially when they challenged some of Johnson’s ideas.  No more coupons or sales?  JC Penney customers had come to rely on them and scheduled their visits to the store to align with the timing of these special offers.  The offers stopped coming―and so did the customers.

There are certainly enough Penney holdovers who lamented the fact that rather than selling “cool technology to ‘20 somethings’,” Penney was selling “dresses and flannel sheets to women in their 50s!” Clearly the same retailing prowess that fueled Apple’s growth could not work at JC Penney.  Looking back, that argument seems to make sense now.  But here’s the insight.

The fact is that no one knows whether Ron Johnson had it right or not, and that is the real tragedy of the JC Penney story.  What was clearly wrong was not the idea of radical transformation and change (Penney needed both), but the rate and pace of that change.  That’s what makes transformation so challenging and so daunting.  We need to hold on to what we have now, while simultaneously creating something new and better.

For executives and owners in the printing, mailing, graphic communications business who themselves are seeking to transform their businesses, the JC Penney story (as far away as that seems from our industry) can and should provide a stark and valuable lesson.  Business transformation requires parallel paths; keeping what (and who) we have in the near term while creating something new and different for the long term.  It isn’t that we are wrong to transform and change our business; it is the rate and pace of that change that will go a long way in determining our success.

Social Media Tipping Point

Thursday, August 7th, 2014

For years, industry experts have proclaimed that the time will come when social media marketing is as effective as traditional marketing. Some are suggesting that the release of a very successful new album using only social media may provide a blueprint of future marketing successes and act as a tipping point.

Late last year, Beyoncé released her latest album, Drunk in Love, not with a flood of radio and TV spots, but instead using social media. It was a complete surprise and an overwhelming success. According to Apple, Beyoncé’s surprise album was the fastest-selling album in iTunes history, reaching No. 1 in the sales rankings in 104 countries. The album sold 828,777 copies in first three days, including 617,213 in the United States.

Admittedly few advertising campaigns will generate the interest of a music superstar like Beyoncé, but the question becomes is this a tipping point and if it is how can you take advantage of this tipping point. Clearly, the first step is to understand who uses social media.

Here is a short primer on the demographics of users from businessto2community.com:

  • 72% of all Internet users are active social media visitors
  • 89% are between the ages of 18 and 29
  • 72% are between 30 and 49
  • 60% are between the ages of 50 and 60
  • 43% are 65 or older
  • 71% access social media from mobile devices

The second step is understanding the benefits of using specific sites for specific services. This information is from Technorati’s 2013 Digital Influence Report:

  • Facebook users tend to “like” brands to learn about products and services (56%), keep up with brand-related activities (52%), and for promos (48%); some 32% interact with brands to provide feedback.
  • Twitter users follow brands mostly to keep up with brand activities (57%) and learn about products and services (47%); some 27% do so to provide feedback.
  • YouTube users engage with brands mostly to learn about products and services (61%), keep up with brand-related activities (41%), and provide feedback (23%).
  • Pinterest users follow brands primarily to learn about products and services (56%), keep up with brand activities (35%), and for sweepstakes/promos (28%).
  • Instagram users follow brands to keep up with brand-related activities (41%), learn more about products and services (39%), and make purchases (27%).

What do you think? Is the success of one music superstar a tipping point or simply another channel that can be used for successful marketing?

1:1 Printing Isn’t a Fix-All

Tuesday, August 5th, 2014

Last week, I posted my nutshell summary of the state of 1:1 printing. My summary has solicited some reactions around the industry — some of them quite strong.

One printer represents many others when he writes,

Your summary of the past year may be valid in the digital info world in general, but absolutely off the mark regards the printing industry, 1:1, or any other voguish way you wish to call it. My experience, and those of all the printers I know, is that URL, VDP, and all this stuff about surveys and “long-term commitments,” is just so much fluff and smoke-and-mirrors. In the real, shrinking world of offset and digital print, what still counts are the traditional values of good design and cheap pricing. Case studies, white papers, etc., are all interesting to read, but far from the reality of what we do.

Reading through the lines, we hear that because they, XYZ Printing, can’t sell 1:1 printing, because their business is struggling and 1:1 printing has not proven to be the life raft to save them, it must be nothing but hype.

I hear lots of reasons my assessment of 1:1 printing is incorrect. Printers are losing business to in-house print shops. Their quick response and aggressive delivery no longer win clients. Their clients are returning to lowest cost bidder situations and they are losing business.

I don’t mean to be disrespectful, but what, exactly, does this have to do with the state of 1:1 printing?

Case studies tell us what printers and their clients are actually producing. By watching the types of campaigns that are actually being printed and mailed, we can watch this marketing approach evolve. By reading the market surveys and research studies on where marketers are spending their money, where they are placing their priorities, and how they are addressing their challenges (and what challenges they are addressing), we can watch the evolution of data-driven marketing, including print.

The state of 1:1 printing is exactly that — the state of 1:1 printing — not the state of the commercial printing industry in adopting 1:1 printing. “The state of” includes the types of campaigns produced, the level of complexity at which they are being produced, and the best practices being used by those who produce them. If an individual printer cannot print and sell 1:1 printing, even if they and every printer they know cannot sell 1:1 printing, this is not a reflection on “the state of” for those can and who can and do produce these campaigns on a regular basis.

1:1 printing isn’t the fix-all for the challenges facing the commercial printing industry. It’s just a solid, well-established marketing channel for those whose business models are set up to do so.

 

Hearing the Voice of Our Best Customers

Thursday, July 31st, 2014

In his blog “How to Protect Market Share,” burnsattitude.wordpress.com, Kevin Burns writes the following: “A recent survey of senior executives showed 80% believed that their organizations offered a superior customer experience. When surveyed, only 8% of their customers actually agreed.”

Maybe those executives are in industries that are growing rapidly, have work to spare, and only limited competition, so they can get away with being so out of touch. We aren’t. Every one of us is in a pitched battle for market share. We don’t win by assuming we know what clients think of us or what they value most. We win by verifying—by hearing clearly and regularly the voice of our best clients.

We recently asked the heads of some of our industry’s most successful companies how they hear the voice of their best clients. Here’s some of what they told us:

• Meet frequently on an owner-to-owner/executive-to-executive basis—“meeting and meeting, listening and listening,” is how one owner puts it—to hear the client’s voice directly and unfiltered by anyone—including sales reps.

• Team selling, subject matter expert selling, and consultative selling to keep the sales process focused on what’s most important to the client, not the sales rep.

• Hang out physically where clients hang out. Attend their trade shows and industry events, read their business and trade press, joint their associations, etc.

  •  Hang out physically where clients hang out. Attend their trade shows and industry events, read their business and trade press, joint their associations, etc.

• Hang out virtually where clients hang out. Know where in the social media world clients hang out—Facebook, Twitter, LinkedIn, a forum or list serve—and hang out there, too.

• Use the NAPL eKG Competitive Edge Profile™ (http://napl.org/ekg/ekg-competitive-profile-more-info/) to measure how they rate compared to the competition in the areas most important to their customers, to identify competitive strengths and weaknesses, and to aggressively build on the former and correct the latter.

Leaders agree that there is no single best approach to hearing the voice of the client. To the contrary, different clients will be responsive to different approaches. The one thing they agree we can’t do: Sit back and assume we have it all figured out.

What are you doing to hear the voice of your best clients?

Survey: 23% of Retailers See 11% Cumulative Lift Using Personalization

Wednesday, July 23rd, 2014

If you want to know how your customers and prospects expect to be marketed to (what they set as their norms), look at retailing. To this end, the study “Personalization Comes of Age: 2014 Retailing and Consumer Insights” from the e-tailing group, is very enlightening.

According to the study, the top seven things on marketers’ “to do” lists are as follows:

  1. Mobile (including tablet)
  2. Marketing
  3. Personalization
  4.  Omni-channel
  5. Platform
  6. Conversion Optimization
  7. Analytics, Reporting, Big Data

So personalization comes in behind mobile and marketing. This isn’t any surprise since most of us expect (or even rely) on personalized product recommendations when we shop online. What may be a surprise is that retailers have actually quantified the reasons why.

Nearly one-quarter (23%) of retailers responding to the survey see a 11% cumulative lift using personalization. This is up from only 19% of retailers giving this answer one year ago.  More retailers are also seeing greater value in longer-term lifecycle personalization, up from 15% one year ago.

These are encouraging numbers. While there will be differences in retail that do not exist in print (such as focus on online activities such as shopping cart abandonment and real-time personalization online), people are still people. Done right, personalization isn’t going to be effective online and not in print. People’s internal wiring doesn’t work that way.

Personalization still has to be done right, but the increase in the percentage of retailers who see benefits from personalization, including long-term lifecycle personalization, suggests that as they get better at it, the benefits increase, too. Jumps in the numbers from 2013 -to 2014 mean that retailers are getting better at it — and your clients can too.

If retailers are improving their personalization efforts and reaping the benefits, your customers can do the same.

 

How to Utilize NFC for Print Marketing

Wednesday, July 23rd, 2014

Near field communication, or more commonly referred to as NFC, is a current and fast-growing technology that can be extremely beneficial for marketing and in particular, print campaigns.

Are you looking for new ways to make your print materials more engaging? NFC poses a great opportunity for you.

Watch the video below to learn all about NFC – what it is, examples, and how you can use it to bring your print campaigns to life.

Have you tried out NFC yet or do you have any questions? Let me know in the comments below!

What’s Missing from Your Omni-Channel Marketing Strategy?”

Tuesday, July 22nd, 2014

Canon Solutions America will host an “Ask the Experts Roundtable” entitled “What’s Missing from Your Omni-Channel Marketing Strategy” on Oct 27th at 12:30 PM at the Direct Marketing Association Conference being held in San Diego, CA. The roundtable Group Leaders will be Elizabeth Gooding, President, Gooding Communications Group, and Sheri Jammallo, Corporate Enterprise Segment Marketing Manager, Canon Solutions America.  Both Elizabeth and Sheri will lead the group through a discussion you won’t want to miss.  In this session you will learn:

What’s Missing from Your Omni-Channel Marketing Strategy?   When marketers compare the MROI of the various direct marketing channels they use the conversation tends to follow the lines of “digital versus traditional” or “online and offline” but rarely is it a true “omni-channel” discussion. One of the most overlooked channels is statement marketing, which is a critical anchor point in customer retention and cross-selling initiatives. With recent advances in full-color inkjet printing, statement marketing is poised to become one of the most cost efficient and effective tools in the marketer’s palette – particularly when used in conjunction with an overall multi-channel customer experience strategy. Come to this session to learn how statement marketing can drive value on its own, add value to other channels, and the key factors to consider when developing statement marketing initiatives.

For more information on this session, go to: http://dma14.org/conference/ask-the-experts/

Elizabeth Gooding helps clients in highly regulated industries to optimize the designs, processes and production technology used for multi-channel communications. She conducts research on trends, technology and opportunities related to the marketing services value-chain while sharing her experience through industry white papers, blogs and speaking engagements. She is a recognized thought-leader in the optimization of transaction communications and hosts the Transpromo Professionals Network on LinkedIn and other business communications related groups. Having worked extensively with a wide spectrum of clients from print manufacturers and print service providers to in-plant printers and corporate print buyers she has a unique perspective on the application of technology to specific vertical industries and business development strategies that drive results.

Survey: Data Collection on the Rise

Friday, July 18th, 2014

Don’t let your customers fool you — they may have more data than you think. According to polling conducted by Digiday and Neustar in June 2014, 76% of U.S. digital media and marketing professionals are collecting data on current and potential customers and 77% have increased their data collection over the past year.

The number one reason? To get a better understanding of their customers, with 57% giving this answer.  Marketers indicated that they are expanding the volume and type of data they are collecting — demographic, psychographic, location, and social.

Screen Shot 2014-07-16 at 2.31.34 PMThis is good news for 1:1 print providers, since data availability has been one of the Achilles heels of this process. But the challenges of data silos and data integration remain. In fact, according to the research, half of respondents say they are still unable to link data to create individual customer profiles.

Still, on the whole, this is good news. The more customers focus on data collection, integration, and profiling, the more natural the pathway to discussions about how you can help. So these data represent ongoing challenges, but they present opportunities, too.

 

How Do You Handle Gut-Driven Marketers?

Sunday, July 6th, 2014

According to a new study from The Economist Intelligence Unit, sponsored by Applied Predictive Technologies (APT), senior managers and executives are most likely to say their marketing decisions are driven by data, but when it comes right down to it, they are more likely to trust their own intuition.

When asked to characterize their individual decision-making style, 42% of respondents say they are data-driven (“I collect and analyze data as much as possible before making a decision”), more than cited any other option. However, 73% also say that, when it comes to decision-making, they trust their own intuition.

Kind of like overriding your Garmin when you think you know the better way to go.

Furthermore, if their gut contradicts the data, only 10% of respondents said they’d follow the data. More than half (57%) said they’d re-analyze the data instead (until they could make it agree with their intuition perhaps?)

One of the benefits of data-driven campaigns is, well, the data. Finding trends, developing customer profiles, and understanding customer preferences and behavior are foundational to the value of personalization in print and multi-channel marketing. These results suggest challenges for MSPs relying on data to prove value or help their clients increase the value of their campaigns.

What would you do if you ran into a key decision-maker unwilling to trust the company’s own data? What would you do?

To download a PDF of the survey, click here.

Get Your (Augmented) Reality Check!

Friday, June 13th, 2014

You’ve heard about Google Glass(es) before, right? But have you seen those magazine advertisements that come to life on your smart phone? You might be thinking of QR codes, which isn’t too far off, but I’m referring specifically to a leading-edge technology that facilitates the most digitally enhanced communication pieces. The technology, Augmented Reality (AR), consists of software integrations to marketing pieces that add layers of digital content (photos, videos, sound effects, games) to a printed advertisement. With AR, a traditional print ad becomes an interactive communications tool that can be used to further inform consumers, gather consumer information, offer promotions, and create deeper brand experiences. At the end of the day, AR helps maximize ad shelf-life and foster consumer dialogue.

To get a better understanding of key applications and examples of AR, I encourage you to check out the recent webinar sponsored by Canon Solutions America titled “A Reality Check: Augmented Reality.” The webinar defines and exemplifies how AR interacts within both print and marketing communities. Barbara Pellow of Info Trends leads a conversation with Martin Ahe (Partnerships Manager at Layer) and Deborah Haskel (VP of Marketing at IWCO Direct) surrounding AR value and its implementation process.

Today, there are five critical trends associated with AR technology. The first involves an embedment of AR technology in ‘wearables’. Google Glass(es) are just one example, where the ‘wearer’ issues a verbal command to scan and perform a certain task. The second and third trends leverage AR to enhance the brand experience in retail and at live-events, like concerts. The fourth surrounds AR involvement in the educational space with do-it-yourself learning tools, like books and student projects. Lastly, AR has patterns of success in the automobile industry specifically. From sales brochures to owner’s manuals, brands like Ford, Volvo, Nissan, and Audi are using AR to interact, inform, educate, and strengthen relationships with their customers.

With AR growing in popularity in a variety of fields, you might be asking: “How do I start the implementation process today? And what does that process look like in conjunction with direct mail or printed communications pieces?” One way to start is by consulting the firm Layer, who is at the forefront of the AR industry. Ahe explains that the implementation process unfolds in a couple of simple, user-friendly steps:
1. In Layer Creator, upload a page that you wish to make interactive
2. Drag, drop and specify what you would like to link
3. Click publish

It’s important to remember, however, that the majority of customers are new AR technology. Thus, make sure to keep your blends simple, intuitive, and user-friendly. Haskel highlights: “In order to make effective use of AR, you have to help your clients understand the best way to use it. Think quality over quantity.” Content size (video, imaging, etc.) and the appropriate ‘call to action’ are two major components in creating a successful AR experience. And be sure to educate your audience. Many consumers are used to scanning QR codes where you only scan the small square with your smart phone. But with AR, you scan a larger area, usually the entire printed area, with your smart phone. Since this is a relatively new technology, it’s helpful to provide some direction on your printed piece for the consumer.

Get started today by checking out the webinar for classic examples and further details on the implementation process. It’s no wonder AR is here to stay when a brand can tell a story like this! Consider this your (augmented) reality check!

Are You Missing an Opportunity to Help Clients with Data?

Friday, June 13th, 2014

According to a recent study from NetProspex (“State of Marketing Data: 2014″), B2B marketers are missing basic and easily accessible information to help with their personalization and targeting efforts.  Twenty-six percent do not even know the contact’s industry and 20% don’t know their revenues or number of employees.

What’s notable here is that this type of information is readily accessible from data houses and relatively inexpensive to acquire, yet it can make a tremendous difference in the ability to segment and target communications.

I often hear marketers talking about how easy to is to lose sales simply because you forgot to ask. You laid out the information, but there was no call to action. The same principle applies here. If your clients could be doing more segmentation and targeting but aren’t, have you simply asked them what fields they have in their marketing database and offered to fill in ones that are missing? This is a basic data append that any PSP should be able to handle working with one of the major list companies.

Which clients could you approach today with an ask?

Percentage of Records with the Fields Completed

First name 77.5%
Last name 76.0%
Title 62.9%
Street 54.6%
City 59.6%
Phone 36.2%
Email 89.2%
State 58.5%
Company 77.2%
Industry 25.9%
Revenue 18.2%
Employees 19.5%

Source: State of Marketing Data: NetProspex (2014)

Raising the Standards with the Océ ImageStream 3500

Thursday, June 5th, 2014

The end of May marked a turning point in inkjet printing history with Canon’s announcement of the Océ ImageStream 3500. This continuous feed color inkjet press is the first of its kind with the ability to print on standard offset paper stocks. With both digital and offset capabilities, the technology of the Océ ImageStream 3500 removes the need for two different types of paper. Thus, high-quality inkjet printing is more streamline than ever before. Print Service Providers no longer need to rely on treated paper or add-ons to achieve high-quality print production. In coordination with paper mill partners, Canon has tested the print and image quality on a range of paper sources from uncoated to gloss. Notably, all have yielded positive results.

For commercial printers aiming to make the transition into digital printing, this could be your solution. With dual-functionality, the press handles a digital or conventional run up to 160m/min at 1200 x 600 dpi and features a flexible droptlet modulation for higher perceived image resolution. In terms of applications, the Océ ImageStream 3500 is fit for high-end book production, brochures, magazines, personalized catalogues, as well as direct mail pieces. The press itself is the most compact in its class: 10-50% smaller than other production system, which translates to a major save on floor space.

That transition from offset printing to digital, or even inkjet, printing… it just got a little bit more tempting.

All in all, the standards have been raised with the announcement of the Océ ImageStream 3500. We will just have to wait patiently until 2015 for its launch. For further details, check out the recent posts on WhatTheyThink? and InfoTrends.