Categories
not categorized

Inclusive marketing merges innovation with a more human experience

Inclusive marketing is on the rise in importance, which does not stop growing, mainly due to the role of social movements on identity guidelines. But what is this concept about? Inclusive marketing can be defined as a strategy that aims to create content and campaigns that reflect diversity, thus leaving behind a problematic social construction, which exalts only one social group. That is, with this marketing tool, more real people, from different origins, cultures, gender identities, etc., start to be valued.

Read too: 9 tips on how to retain your customers

Although for some people this means taking advantage of a moment of visibility, inclusive marketing carries a very positive message for the world, as it dialogues directly with people, recognizing their values, feelings, urgencies, which can repel actions or embrace them. In addition, with this attitude, the brand positions itself responsibly in the face of changing paradigms, which certainly reflect on the way it is seen, winning new customers, among other market factors.

How do I market inclusively to my customers?

First of all, it is worth remembering that doing inclusive marketing also means responding to customer expectations. According to a survey prepared by Salesforce, 90% of consumers believe that companies do have a responsibility to make the world a better place, which is true. After all, how many lives do brands impact, whether in a good or bad way?

The first fact is undoubtedly the representativeness, thus breaking with a historical sequence of exaltation of just one group, thus placing more black, yellow, and indigenous men and women in marketing actions, not forgetting other symbolic minorities, such as the LGBTQ+ population and people with physical disabilities and intellectual. And, most importantly: always maintaining the utmost respect for these people, deconstructing outdated and pejorative stereotypes. Therefore, it is essential to have a diverse marketing team that is sensitive to these issues, willing to listen to people and understand the area's next steps in this regard.

Another factor is the language. Using racist and homophobic terms, for example, no longer go unnoticed and are pointed out by the public as a serious mistake. In some cases it may even lead to legal action. Thus, the brand can easily be boycotted and its reputation tarnished.

Furthermore, it is also important to remember the accessibility, and here that word can mean two different things. The first is to enable people with visual and hearing disabilities, for example, to have the experience provided by the brand, thus starting to feel included and respected. While the second meaning is already linked to a more socioeconomic context, with alternatives that serve different audiences in an inclusive way.

Read too: Know what Performance Marketing is

fairer experiences

Inclusive marketing is there to make people's experiences fairer and more humane with brands. That said, elements such as integrity and ethical coherence are more than necessary, which does not mean that a brand that made mistakes in the past can no longer redeem itself. Recognizing the failure publicly and adopting a new attitude from then on can even change paradigms, see the example of the Skol beer brand with the slogan “I forgot the no at home”, which later admitted the error, and from then on changed it. if the way to publicize beer.

Don't underestimate your audience, people are not naive. When running a campaign dishonestly extolling a certain social claim, your brand can easily get its reputation tarnished. Nowadays, people no longer buy a product per se, but also an experience with a series of values linked to the brand. Value honesty and coherence, only then will the impacts be truly positive.

Categories
not categorized

What is GE Matrix and how can it be used by my company?

Every day more companies enter the market in search of an audience, thus automatically becoming a competitor. Faced with this scenario, in which every real matters a lot, knowing how to allocate the investment and identifying if it is the right time to invest is fundamental, so that the business is not exposed to great risks. Therefore, one of the most used tools to help in this decision making is the GE Matrix or McKinsey Matrix.

Read too: What is Branding and why does your company need it?

GE Matrix Origin

The GE Matrix originated in the 1970s, when the BCG Matrix appeared, created by the Boston Consulting Group. And just like much of business history, shortly thereafter, the competitor, McKinsey, developed a more improved model to help its client at the time, General Electric (GE).

In this new representation that today bears the name of the multinational company, five quadrants were added, thus totaling nine. Considering the axes Industry Attractiveness (vertical) and Business Unit or Product Strength (horizontal).

How does the matrix work?

As just mentioned, the matrix is divided into two axes. In terms of attractiveness, it should include how the market is performing in general and also long-term expectations. While, horizontally, there is the competitive advantage of each business unit and what is the analysis of its future performance in relation to that market in general.

In this way, the business units to be analyzed are categorized based on two criteria by grade, which will indicate their placement in the matrix. Units can then be low, medium, or high grade when it comes to competitive strength. Whereas, the axis facing the market can have low, medium or high attractiveness.

With that, the determination of these characteristics is what will define the five possible decisions that the company can take in relation to its business unit investments: priority investment; invest or grow; cautious investment or hold; limited expansion or harvest; divest, harvest or sell.

Read too: Know what Performance Marketing is

  • Priority investment: most optimistic scenario of all.
    • Competitive strength: high;
    • Market attractiveness: high.
  • Invest or grow:
    • Competitive strength: medium or high;
    • Market attractiveness: medium or high.
  • Cautious investment or holding:
    • Competitive strength: high;
    • Market attractiveness: low.
  • Or else:
    • Competitive strength: average;
    • Market attractiveness: medium.
  • Limited expansion or harvest:
    • Competitive strength: average;
    • Market attractiveness: low;
  • Or else:
    • Competitive strength: low;
    • Market attractiveness: medium.
  • Divest, harvest or sell: most pessimistic scenario of all.
    • Competitive strength: low;
    • Market attractiveness: low.

How to assemble a GE Matrix?

  • survey

Make a list of all the items your brand offers, that is, your products and/or services.

  • Classification

When sorting, put them in ascending order of resources used, to make them viable.

  • Business Units in the GE Matrix

Insert the units in the GE Matrix, to make an individual analysis of each item.

  • cautious analysis

Finally, judge whether to increase, maintain or decrease investments according to the selected quadrant. That is, it is possible to visually understand the situation of the business as a whole, and then focus on marketing strategies, knowing what should be prioritized at the moment.

Categories
not categorized

Businesses will be able to try WhatsApp payment function in a few weeks

This week WhatsApp announced a novelty that surprised its millions of Brazilian users. This is because the country will be the first to test an update that allows bank transfers and payments to merchants and service providers. Check out our today's content to learn more about the WhatsApp payment function.

Read too: Practical and dynamic: see how to use WhatsApp Business and optimize your company's communication

Called Facebook Pay, the function intends to make free transactions between individuals. However, in the case of entrepreneurs using WhatsApp Business, there will be a flat fee of 3,99% per transaction. In addition, the platform also reported that companies interested in receiving their payments through the app must have a Cielo account, both credit and debit. With this registration, it will also be possible to make a refund and request technical support.  

WhatsApp payment aims to help entrepreneurs adapt to the digital economy

Much of Brazil's economy is due to the initiatives of millions of micro and small businesses. After all, they employ the majority of Brazilians and offer countless practicalities for our daily lives. Based on this scenario, the platform's director of operations said, through a note, that the novelty should help entrepreneurs adapt to the digital economy, in addition to supporting growth and financial recovery. 

Read too: Check out 10 trends in Digital Marketing that your brand should pay attention to in 2020

On the other side of the coin, there is also the consumer who will be much more practical to settle their payments, since they will have everything on a single platform, just register their own debit card in the application, create a numerical password of six digits and inform name and CPF.

The function, which should also reach other platforms, such as Facebook itself, should start working on WhatsApp in the coming weeks. With that, we just need to follow how the implementation will be and the real pros and cons of this update, which has a lot to offer. 

Categories
not categorized

New normal: Valentine's Day 2020 will be different for couples, says Google survey

According to a Google search conducted between the 18th and 20th of May, at least 63% of Brazilians will celebrate Valentine's Day in a different way this year. The study developed to understand the impacts of the pandemic on the special date was prepared online with the participation of 800 Brazilians.

With the recommendation of social distancing, 25% of the respondents said they will stop going to restaurants, while 22% canceled travel plans and 12% decided to postpone the celebration. In this way, most couples are planning to do something together at home, as was the response given by 35% of the participants. Other 20% said they intend to prepare a special dinner.

Read too: What is CRM in Marketing? Discover a little more about this tool and see its benefits.

New search interests on Google and more people with gifting intent on Valentine's Day

The idea of celebrating at home also led to an increase in interest in product categories related to this form of celebration. According to Google's balance sheet, 25% of lovers searched for new clothes, shoes and accessories. Flowers and cards appear next in the ranking with 24%, while food for meals and beauty and perfumery products were the target of interest, respectively, 23% and 18%.

Read also: Naming: learn about the different types and see some tips on how to create a brand name

A surprise of the research was in relation to the intention to present. In previous years, the average number of respondents who intended to buy a gift for their partner was 20%. This year, a significant growth was observed, since now 22% reveal to have this purpose. Within this group, 43% declared that they will make the purchase over the internet.

Finally, respondents also stated that they adapted the gift, opting for gifts that are easier to buy (25%) and for products that minimize the need to exchange (23%).

Read too: Learn what SWOT is, a tool also known as FOFA

Categories
not categorized

World Environment Day: a reflection on the role of brands

This Friday (5) Environment Week ends with a date celebrated in several countries, World Environment Day, which, in addition to promoting a series of interesting activities, also brings a message of reflection, which extends from the day the day at home to the routine at the company. In the case of brands, more specifically, doing one's own part means having a commitment to the truth and to minimizing negative impacts both on the body's health and on the environment.

Read too: Report points out that consumers are more loyal to companies with a good ethical reputation

It is, therefore, a continuous work, which takes place in the other 364 days of the year. A brand that has a legitimate commitment to the environment has an intrinsic relationship with communication strategies that include awareness, engagement and mobilization processes through integrated influence, relationship and communication actions.

Read too: Why should companies dedicate energy to their Sustainability Reports?

This should all be done on a daily basis, including initiatives to cause marketing, in which the brand can adopt one or more causes to incorporate into the company's mission; sustainability report, which is one of the ways of providing clarification to society based on technical data; projects based on the Sustainable Development Goals (ODS) of the UN, harmonizing actions in partnership with the whole world to build a better future; as well as the relationship with the community, with the aim of giving back to the region a little of what it extracted, with socio-environmental actions.

Faced with the challenges faced by companies today, sustainability management must be a priority in business strategies in any segment. Companies that pay attention to sustainability and social issues will always be one step ahead.

Read too: Research points out that brands need to improve the way they treat women

Categories
not categorized

What is CRM in marketing? Discover a little more about this tool and see its benefits

As in any professional area, marketing has a series of strategic tools to help the company's results, among them is the CRM. Acronym for the term Customer Relationship Management, which in Portuguese can be translated to Customer Relationship Management, the resource can help a lot in your business. Check out our content and find out what CRM is in marketing and what its benefits are.

In short, it is the set of strategies used to manage information from customers and potential customers with personal data such as name, address and cell phone, in addition to their activities and contact channels with the brand, which may include visits to the website, emails, as well as payment histories and other relevant references.

Read too: Naming: learn about the different types and see some tips on how to create a brand name

Optimization of manual processes and much more

With a CRM platform in hand, you and your team avoid wear and tear on both the client and the company, which can thus optimize manual processes and efforts to solve problems.

According to a survey by the American company Salesforce, from these software it is possible to obtain an increase of 37% in sales revenue, as it finds more leads, closes more deals and maintains more customers, which consequently helps in the expansion of the company.

Customer satisfaction and ROI (Return on Investment) in marketing were other points calculated by Salesforce, which observed respective growth rates of 45% and 43%. The reason customers are happy is that the dialogue with the brand ends up being more personal, relevant and up-to-date.

Therefore, they generate great business opportunities and customer loyalty. That is why they are considered one of the most powerful tools in the search for financial stability for the brand.

Read too: Learn what SWOT is, a tool also known as FOFA

CRM types

There are two main types of CRM available in the market, Local and Cloud. Also known as CRM On-Premise, Local is maintained on a physical server in the company, where you need to install the software on the server or on a specific computer.

On the other hand, Cloud CRM does not present as many barriers to use and maintenance. It can be accessed from different locations and devices (smartphones or tablets), at any time of the day, it has a minimal initial investment, updates are automatic and it safely follows the company's growth.

Read too: Learn a little more about the 80/20 rule, also known as the Pareto Principle

beyond the question what is CRM in marketing, also know its applications

  • Operational

At first, the system assists and uncomplicates all the company's operations. We can say that it embraces the after-sales, customer service, support, financial and legal teams, to name a few.

  • Analytics

Being fundamentally a data gathering tool, CRM software is also an analytical resource. This means that the reports created by the platform are translated into valuable metrics for making strategic decisions.

  • Collaborative

CRM solutions allow professionals and sectors to work collaboratively, which is very important for teams that depend on each other's work, such as marketing and sales departments.

  • Strategic

Finally, a CRM tool has a strategic function. The collected data allows a careful analysis of consumer behavior and its relationship with the company.

Read too: 9 tips on how to retain your customers

What is the difference between CRM and ERP?

It is not difficult to confuse CRM and ERP tools. However, the ERP (Enterprise Resource Planning) is a type of basic software for companies, which is focused on the fiscal and accounting control of the organization, managing the cash flow in a calculated way. While CRM is consumer-oriented, with customer-related information, as discussed earlier.

However, it is natural that many CRMs also fulfill the role of an ERP. Most platforms can be integrated.

Read too: Know what Performance Marketing is

CRM integration with other systems

Continuing with the topic of integration, CRM systems can be integrated with social media, financial, e-mail marketing, data collection and online service management tools, which are strengthened when combined with customer management. Most features are more effective when synchronized, which makes this practice not only recommended, but also encouraged by professionals in the field.

Read too: Understand what Lifetime Value (LTV) is and why it is important to know how to apply this concept to your brand