The blog

The parsnip hype (‘pastinaak’ in Dutch) recently put online advertising in the spotlight again. A Facebook ad, aimed at female fans of the cooking show Dagelijkse Kost living in Eeklo, encouraged them to buy parsnips. The sale of this vegetable rose significantly in two local supermarkets. At the same time De Correspondent published a contradictory viewpoint, based on the eBay case. This company stopped all Google advertisements in 2013, but after eight weeks sales figures remained stable. Conclusion: for years eBay had been spending millions of dollars on useless online advertising. Does online advertising work or not? The truth lies in the grey area. To reinforce this conclusion, we spoke with Koen Pauwels, Distinguished Professor of Marketing at the Northeastern University and member of our company's advisory board. He followed the discussions closely and carried out a study on online advertising. Based on his knowledge and our experience, we analyzed the viewpoints in the article in De Correspondent.

First things first: What does innovation actually mean? We describe it as creativity, yet the kind that creates business impact. Yes, innovation covers brainstorms about new ideas and technologies, but the key goal is to ensure sustainable growth. An innovation strategy enables you to introduce both small-scale and radical changes in your processes and offerings to provide customer experiences that can sustainably outperform your competition.

Technology is fundamentally changing the behavior of consumers, and with it the way customers expect to interact with companies. How can brands break through the virtual noise given the limited time they have? Creating personalized customer experiences is a major opportunity to do so.

In this day and age, companies and brands are encouraged to exceed customer expectations by delivering personalized experiences. Hence, it's about time you change the title on your business card into 'experience maker'. There are many definitions, but this one sums it up perfectly: “A true experience maker is only happy when the customer’s life is made a lot easier”. Or as CMO Claire Cronin stated during the Adobe Summit in May 2018: “At Virgin Atlantic, we are memory makers and the customer is the compass.”

You are planning on throwing a B2B event, and you want it to be the ultimate experience for your audience. Clients, leads, influencers, whoever is invited, they have to be wowed. Well, that’s great, because experience is key for the marketing future and you are on the right track. But what could be a good as well as efficient approach for setting up this event behind the scenes? That’s right, start leveraging your marketing automation tool for events as well.

Nowadays you can no longer go around growth hacking (or marketing, but we'll get to that later) – just ask Google. The internet is full of growth hacking articles, tools and tactics. If we take a quick look at the search volume on growth hacking, we see that it’s been getting an increasing amount of attention worldwide since 2012. Worldwide Google trends of the search term 'growth hacking'. The term growth hacking was first introduced by Sean Ellis in 2010. In truth, the practice has been around much longer. It helped companies like DropBox, Uber and AirBnB transition from budding startups to multi-million dollar enterprises in just a few years’ time. Much of it comes down to the use of resource-light and cost-effective tactics and processes of continual ideation, prioritization, testing and analysis – with a continuous focus on the one metric that matters most: growth. The term was first used in the start-up scene, where resources are scarce and where growth is the only way to survive. There’s a misconception, however, that growth hacking is only useful for startups. In fact, every company can benefit from it, although a minimum requirement is your product market fit. Growth hacking requires that you have a product that’s not just good, but that also matches the needs of who you’re selling it to. Once that’s in place, you’re good to go. How to get started with growth hacking? For more practical insights, we sat together with Nicholas D'hondt, growth expert at our new spin-off Upthrust, which answers the need for operational digital marketing talents.

This third part of our  3-piece article series based on an interview with marketing professor Koen Pauwels focuses on the “WHO”: Which skills should marketers have to be able to analyze their data?

There was no escaping last week: Black Friday was all over the place. From your mailbox to your social media feed, from the advertisements on Spotify to the promotions on Waze on your way to work – the promotional messages kept popping up. Most people, however, don’t even know what the tradition of Black Friday exactly stands for (watch the video below). So, we’re questioning whether we’re facing a phenomenon that is breaking out of its borders or if we’re just dealing with another sales label to justify early promotions. 

This second part of our 3-piece article series based on an interview with marketing professor Koen Pauwels focuses on the “HOW”: How do marketers use data analytics and how well are they using their tools? Indeed, today the market is filled with an infinite number of data analytics software and tools (e.g. Google Analytics, Marketo, Hubspot, Adobe, Marketing Cloud etc.) that help marketers better understand their customers and answer their needs. Let’s have a look at what Koen Pauwels thinks about it.

Today’s fast-paced, technology-driven society has drastically changed user expectations and led to a more demanding customer base. Businesses today face an entirely new set of challenges and expectations. Luckily, data can give you valuable insights into your customers and prospects. It’s now relatively easy to create a profile of your best buyers, their life-time value, their buying preferences, etc. With the help of data you can now understand, meet, and even predict your customers’ expectations. However, now that most businesses are driven by data, we see other challenges occurring. As tons of data are collected every day, it’s easy for companies or employees to drown in the sea of data they collect, or be intimidated by the pile of information coming at them. And how can we find the relevant data for the business question you want to solve? Moreover, how can your data team make sure the collected data is understood and thus used by everyone within your organization?