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Catalog Marketing Retains Its Retail Clout

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Consumer retail catalogs, far from fading away with the growth of e-commerce, have continued to deliver for our omnichannel retail clients. A Multichannel Merchant blog post earlier this year cites a number of reasons why retailers should consider expanding, reviving or initiating a catalog marketing effort, especially with an eye to upcoming holiday spending.

Catalogs Boost Engagement, Response Across Channels

Catalogs are not, as some assumed, favored only by older buyers, while younger buyers focus on digital channels. In fact, research has shown that 65% of millennial target buyers have made a purchase influenced by a catalog. Today’s lower mail volumes combine with the unique visual and tactile qualities of print to make catalogs stand out in terms of engaging interaction for younger generations, boosting response over online display and even e-mail. Retailers who integrate catalogs with stores, websites and mobile in omnichannel acquisition campaigns boost response and conversion overall. For example, researchers have found that 20% of first-time customers make a purchase on a retailer’s website after receiving a catalog.

Technology Allows for Personalized Targeting, Fulfillment

Today’s more sophisticated data analytics and marketing technologies let marketers track spending habits and response across channels to better leverage catalogs as part of omnichannel marketing campaigns. Retailers can not only use use variable data printing to personalize catalogs based on demographics and purchase behavior but can then use intelligent fulfillment technology to integrate targeted catalogs and samples into the existing fulfillment operation to expand brand marketing opportunities. To capitalize on online response to print catalogs, retailers can use innovations such as quick codes applied to printed catalog products for easier online purchasing. And they can use nimbler, on-demand printing to offer repeat customers a catalog built to their unique interests. Warehouse technology then can put the right catalogs in the right customers’ hands quickly and seamlessly. Certainly, retailers should consider how leveraging technology will make holiday catalogs into better sales drivers. For example, as the Multichannel Merchant post notes, retailers with order packing software in place can simply assign an SKU to a catalog or a pending holiday “Buyer’s Guide,” include the SKU in order packing software rules, and pack a catalog in each shipment as part of a holiday campaign, boosting brand recognition and repeat customers.

Industrial Marketers Bet More on 2018 Direct & Digital

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AccuList USA has a long track record of helping warehouse, industrial and back-office product marketers via data brokerage, predictive analytics and multi-channel direct marketing, and we’ve learned some important lessons along the way.

Industrial & Tech Marketing Budgets Expand in 2018

The good news is that many industrial marketers were inspired to expand investment in 2018. According to the “2018 Budget Trends in Industrial & Technology Marketing” report published by engineering.com, industrial marketing budgets in 2018 are expected to hit “the highest levels of growth (45%) and the lowest reported levels of shrinking budgets (4%), of any of the last five years.” More than half (54%) of manufacturing marketers expect their budget to be larger in 2018.

Quality, Targeted Data Is Key to B2B Direct Marketing

But expanded multi-channel spending still needs to be smart spending. As data brokers, we can’t overemphasize that successful B2B direct marketing–including direct mail, print catalogs and e-mail campaigns–starts with quality, targeted data. Marketers can boost response by using predictive analytics and buyer profiles to target–and then opt for the rental lists of active product inquirers/buyers that our proprietary list research finds to be top performers in each vertical. Targeting the right message to decision-makers in the buying process is also key; with product and industry factors affecting whether to select a chief engineer, purchasing manager, warehouse manager, human resources chief, or C-suite executive in mailing lists.

A Digital Strategy Is Now Essential for Leads and Sales

While direct mail continues its response leadership, there’s no denying that most B2B buyers are digital shoppers today. Research by Acquity Group finds 94% of B2B buyers say they conduct some form of online research before purchasing a business product, for example. Forrester Research has found that 59% of B2B buyers prefer not to interact with a sales rep, and 74% find buying from a website more convenient. That makes digital catalog sites into essential sales tools, giving customers the option to browse product, pricing, and inventory information in real-time and then self-serve. Of course, online traffic-building requires a good search engine optimization (SEO) strategy given that 73% of global traffic to B2B companies comes from search engine results. But most successful B2B marketers also invest in paid digital efforts. In fact, a 2015 study by Content Marketing Institute, MarketingProfs, and Fathom found that manufacturers ranked search engine marketing highest among paid marketing options in terms of efficacy (52%) and promoted social media posts came in second (39%).  For social media ads, B2B marketers see video as a top response tactic, which is why manufacturers in the study ranked YouTube as the most effective social media site, followed by LinkedIn ads, which AccuList USA supports. Take a deeper dive into the core elements of digital industrial marketing with this post by gorilla76, a B2B consulting firm.

 

 

 

New Marketing Trends Bolster Food Gifting Growth

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One of AccuList USA’s areas of specialization is providing mailing lists, data services and marketing support for the food and wine gift market, and so we keep an eye on emerging trends in this growth industry. In fact, food gift sales will approach $20 billion in 2018, up 4% over last year, per the “Food Gifting in the U.S.: Consumer and Corporate” report for 2018-2020 by research firm Packaged Facts.

Holiday Sales Dominate, But New Trends Push Overall Growth

Marketing dollars will naturally focus on year-end sales, since, while consumers and businesses are giving food baskets across a wider variety of occasions today, ranging from anniversaries to graduations to birthdays, Christmas is still the food and wine gifting mainstay. More than half of the 130 million consumer food gifters purchasing in the last 12 months bought during the winter holiday season. But how can food gift marketers push sales growth year-round? One key factor will be continued innovation that creates exclusivity and artisanship, avoiding the commoditization that drains profit with discounting, notes the report. To support that kind of brand power, marketing efforts will need to embrace the kind of story telling that creates a sense of authenticity and uniqueness and builds a gourmet brand image. Capturing the high-end boutique buyer can require a softer sales approach that aims at building knowledge and trust, say via featured recipes as an example. Food gift marketers also need to continue expanding gifting occasions beyond holidays, not only for consumers but also for the lucrative corporate market, by pushing work anniversary and thank-you gestures for example. Finally, while the food gifting market is heavily dependent on older, high-income consumers, tapping into millennials will require a more omnichannel approach that takes into account millennial ordering preferences, stresses the Packaged Facts report.

Embracing Omnichannel Marketing Options

An omnichannel wooing of millennials will combine direct mail/catalogs with e-mail, social media and e-commerce strategies. While traditional direct mail continues as a food gifting workhorse, a strong online presence and SEO strategy is especially essential. Luxury biscuit gift company Biscuiteers provides an example of how it matters: The company increased their website traffic from new customers by 90% and SEO revenue by 77% in 6 months by optimizing category landing pages for different types of food gift buyer and season. E-commerce goes hand-in-hand with a good e-mail strategy. For example, the venerable Hickory Farms brand decided to improve the quality of its customer data and create a more agile e-mail campaign process by integrating its marketing and commerce tech to trigger consumer journeys and automated e-mail sends. E-mail inbox placement this year rose to 94%, almost 10% above industry standard, plus e-mail list growth improved. Hickory Farms CMO Judy Ransford explained to CMO magazine that the smarter list management “helps us deliver e-mails at the frequency customers want, and to make sure the content quality is better. This year we’ve seen a huge improvement and not such high attrition rates as a result.” Social media also has become a must-have for food gifting via leading platforms like Facebook and Instagram for consumers and LinkedIn for corporate prospecting. That should increase gift-basket marketer interest in AccuList USA’s Digital2Direct program, which is designed to link targeted direct mail with Facebook ads or e-mails to the same recipients.

Who’s Winning in 2018 Gift Basket Ratings?

By the way, marketers looking for successful food gifting models should check out Top Ten Reviews’ 2018 ratings. We’re happy to note that our client Wine Country Gift Baskets’ Gourmet Choice Gift Basket was awarded best overall value for 2018 in a test of 11 gift baskets from the leading gift basket companies. Top-rated winners delivered on value for the price in terms of food and wine taste; presentation; ease of payment; delivery speed, options and geographic coverage; range of baskets; special options such as kosher, vegan and organic; offers of extras such as add-on wine, tea, books, puzzles, etc; and, of course, quality customer support. To read more, see the review of best gift baskets of 2018.

 

Shoppers Demand Seamless Omnichannel Retail Strategies

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Omnichannel marketing is the rule for today’s retailing. While print catalogs continue as a vital merchant tool, with 42% of households reading catalogs per the U.S. Postal Service, integration of multiple channels–including online, mobile and social with direct mail–is now essential to our catalog and e-commerce clients’ success. Unfortunately, while the majority of consumers expect to shop seamlessly across all those channels, only 7% of retailers provide the unified “start the sale anywhere, finish the sale anywhere” experience that customers want, per the recent “2018 Customer Experience/Unified Commerce Survey” by BRP Consulting, a retail management consulting firm.

Omnichannel, Cross-Device Shopping Is Now the Norm

Marketers just can’t afford to ignore that the majority of shoppers now interact with promotions, educational content and purchase services via multiple channels and devices. According to the same BRP study, three in five (62%) consumers surveyed said they check online reviews/ratings before visiting a store, yet just 61% of retailers offer consumer product reviews for research! Shoppers now rely on mobile to continue the digitally supported buying process in-store, with nearly 60% of shoppers looking up product information and prices while using their mobile phones in stores, per Retail Dive’s 2017 Consumer Survey. Also per BRP, nearly three out of four (73%) of consumers want the ability to track orders across all points of interaction, going beyond an estimated delivery date to include when the order is being prepared, date shipped from the warehouse, etc. Plus customers expect an automated return process, with 68% of consumers surveyed telling BRP they are more likely to choose a retailer offering an automated returns process.

Analytics Need Complex Channel/Device Attribution

Merchants can leverage customers’ cross-device penchant to optimize acquisition and conversion, argues a Direct Marketing News article by Pierre DeBois. But they must keep in mind that, while the opportunity to boost ad frequency and content persuasion across channels is huge, smart management is required to avoid turning targeted promotion into a bludgeon. As Bill Kee, Google’s group product manager for attribution, highlighted at the 2017 Google Marketing Next conference, “If I am on three devices, and if I see your ad five times, it means you’ve reached me 15 times…believe me I get it.” The first place to start is good omnichannel analytics to understand the contribution of each channel to ROI and its place in the customer journey. Only then can merchants cost-effectively tailor targeting and investment to maximize sales. One useful analytics tool is Google’s Unique Reach report, which displays digital ad frequency metrics across devices, campaigns, and formats to measure how many times a person views a given ad, and combines attribution influences from AdWords, DoubleClick, and Google Analytics, suggests DeBois.

Using Images and Chat to Direct the Customer Journey

Good omnichannel analytics also can improve use of image and video content to maximize the proven effectiveness of image/video in digital engagement, to answer the customer demand for education, and to direct prospects through the sales funnel. However, quantities of images bombarding customers across multiple channels can overwhelm and confuse, so both media curation and a content mapping strategy aligned to the customer journey are needed. One example of a targeted image strategy is use of an “image story” feature on a social media platform to orchestrate images and/or a short video, notes DeBois. Pinterest Lens, Instagram Stories, and Twitter Moments are all image story features. Because the majority of consumers research products and services online now, marketers also can gain an edge over competitors by offering customer-facing elements such as chatbots. In contrast to apps, which may be used only for a few discrete tasks and then ignored, a chatbot’s programmable assistance can provide both engagement and continuing response performance improvement.

For more, see the Direct Marketing News article.

Print Catalogs Still a Key Multichannel Merchant Tool

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Despite the growth of e-commerce, printed catalogs retain their important marketing role for AccuList USA’s B2B and B2C catalog clients, and recent data from Multichannel Merchant‘s 2018 State of the Catalog survey highlights that trend.

Print Catalogs Boost Brands, Push Digital Traffic

A big majority of the merchants surveyed (84.2% ) by Multichannel Merchant (MCM) said they continue to use print catalogs as a channel to reach customers. Their commitment to the traditional print catalog comes from its value as a multipurpose marketing tool. For example, branding led the ranking of main print catalog goals, with an 8.86 out of 10 rating. Branding was followed by web and mobile traffic driver and customer retention (both ranked at 8.14), reactivation (7.57), and prospecting and store traffic spur (6.43).  Meanwhile, though measuring catalog effectiveness remains a matter of debate among merchants, a majority (57.1%) do have a formal measurement program, whether via matchbacks, tracking codes, response analysis or segmentation testing.

Frequency, Page Counts & Circulation Hold Steady

Although merchants continue to seek maximum ROI by testing page counts and formats, the majority surveyed by MCM (83.3%) maintained the same page counts in 2017, and 50% also reported the same circulation numbers. Looking ahead to 2018, 50% planned to increase page counts, but respondents split into thirds over increasing, decreasing or maintaining circulation size. As far as frequency, 83.3% said they would hold it steady for 2018.

Digital Catalogs Join Array of Print Formats

Most merchants surveyed (57.1%) rely on both a digital catalog and a standard 8.5X11 print catalog. But many also use a “slim jim” print format (14.3%) or, especially for B2B, annual “big books” (also 14.3%). Some retailers report they send out other types of direct mail pieces, such as small gatefolds or postcards with special offers. Digital page-flipper catalogs are also in use to reach customers between mailings and in areas not mailed (such as Europe). For more on the report, go to http://multichannelmerchant.com/marketing/state-catalog-alive-well/

B2B Sales Trends Boost Mobile-Friendly Online Acquisition

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With Forrester Research forecasting steady growth in B2B e-commerce, reaching $1.2 trillion in sales, or 13.1% of all B2B sales, by 2021, smart e-commerce marketing is more essential than ever for AccuList USA’s B2B catalog and e-commerce clients. A recent bigcommerce.com blog post highlighted many important trends for B2B e-commerce, but we’ll focus on three marketing-related takeaways.

Acquisition Is the New Online Focus

The days are gone when B2B online strategy could succeed by putting up a website as a customer service portal, a place for existing account re-orders or a passive catalog display. Online selling is becoming a core part of B2B business and sales strategy, argues bigcommerce.com post author Jillian Hufford, marketing analyst at nChannel, a multi-channel integration provider. B2B marketers should start by profiling customers to better target online and offline promotions to find high-ROI traffic. Note that a robust SEO/SEM strategy, coupled with website search tools, is essential given that 74% of B2B buyers report researching at least part of their work purchases online. Easy, seamless cross-channel ordering is another basic of online customer acquisition now. Plus, an investment in online content marketing, coupled with SEO strategy, can leverage educational and expert content on the website to attract searchers and win Google rank.

Online and Print Catalogs Work in Tandem

Five years ago, more than two-thirds of B2B sellers thought they would stop mailing paper catalogs. That hasn’t happened, but many B2B merchants are using an integrated multi-channel effort to balance smaller or less frequent print catalogs with more interactive online catalogs. For success with print-plus-online, the online catalog cannot merely mimic the print version. E-commerce means investing in interactive online tools that allow customizing, sharing, distributing, ordering and tracking, all supported by integrated back-end technology.

Mobile-Friendly Means Revenue-Friendly

Ever-expanding B2B mobile use is driving big marketing changes. Google and BCG research data from 2017 shows why: 80% of B2B buyers are using mobile at work; 60% of B2B buyers report that mobile played a significant role in a recent purchase; and 60% of B2B buyers expect to continue to increase their mobile usage. B2B retailers who are dragging their feet on mobile-friendly adaptation risk dragging down their own revenues; BCG research found that brands that are “mobile leaders” earn more traffic, more leads and more revenue than “mobile laggards.”

For more B2B e-commerce trends, and examples of real-life company online successes, see Hufford’s attached blog post.