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7 Technology Trends Transforming Consumer Behavior - Updated
The document outlines seven trends disrupting consumer behavior, highlighting the significance of moments, mobile connectivity, and the influence of ecommerce giants like Amazon. It emphasizes the need for personalized content and the rise of the collaborative economy while advocating for listening through social intelligence and humanizing automation in marketing strategies. The role of effective communication through various touchpoints is crucial for enhancing customer experiences and driving sales.
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7 Technology Trends Transforming Consumer Behavior - Updated
- 2. @kyleplacy What do Ido? Director Global Content & Research
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- 7. Click the centericon >>>>> and browse for the image you want to insert. IF IMAGE INSERTS IN FRONT OF FOOTER, Right click on the image and Select Arrange/Send to Back
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- 26. 0 10 20 30 40 50 60 70 Australia Canada ChinaJapan UK USA 52.2 32.7 33.1 19.6 50.9 43.5 64.6 56.4 46.9 24.7 62.2 56.4 Mobile Penetration Rate (Total Population)
- 27. Smartphone massive growth potentialwith only 30% of total market. Mary Meeker’s 2014 Internet Trends Report
- 28. 26 million USconsumers will book travel via a smartphone this year. European Travel Commission @kyleplacy
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- 31. 83% of USconsumers research products while in-store on their mobile phone. Google’s Our Mobile Planet Report
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- 45. 69% of emailconsumers unsubscribe because brands send too many emails. @kyleplacy
- 46. The Approach to PersonalizedContent •Guided Selling •Predictive Intelligence @kyleplacy
- 57. 41% of consumersbuy more from brands who send personalized emails based on past buying behaviors. Return Path @kyleplacy
- 60. 12-25% increase insales if the transactional message includes personalized product recommendations. Salesforce ExactTarget Marketing Cloud @kyleplacy
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- 65. An economic modelwhere creation, ownership and access are shared between people and corporations.
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- 103. @kyleplacy Phases of InternetSharingPhases of Internet Sharing
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- 105. I sensed inMyspace… My salvation. John Green Author, Fault of Our Stars
- 107. Why would youever want to put pictures of your family and friends on the Internet?? Kyle’s Mom, December 2003
- 110. Monthly Active Users 185,000,000 MobileUsers 1,000,000,000
- 112. 1 Product Group Marketing Services Solutions Online Sales Customer Service Comms PR &HR QUALITY & INNOVATION DEMAND & THOUGHT LEADERSHIP CREDIBILITY CONVERSION CYCLE TIME RESOLUTION REPUTATION Embed Social Media Across the Fabric of the Organization & Empower Subject Matter Experts…
- 113. How do wemake one department’s outputs another department’s inputs?
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- 115. Meet Kyle He’s theowner of a growing small business in Boston. As a father of 4 kids he’s very cost conscious and drives or takes the train to most locations. While a subscriber of T & H Client’s brandX and brandY emails, he’s not a loyalty member.
- 116. An Upcoming Trip Kylehas an upcoming trip in two weeks to conference in Texas. He starts searching on brandX.com for a hotel.
- 118. Promo Email Kyle receivesa promo email from brandX with special rates for the month. The top three are close to his upcoming trip in Texas so he clicks through and books. Email Kyle, Check Out This Month’s Top Rates From Portland to Portland we’ve got you covered. From $84.15 Dallas, TX Love Field Get the most out of your next Dallas business trip and book a room at our brandX by T & H Client Dallas Love Field hotel.…Read more Book Now From $101.15 Irving, TX Las Colinas brandX by T & H Client Dallas/Las Colinas hotel, near Dallas Fort Worth International Airport. Located off Route 114…Read more Book Now From $101.99 Richardson, TX Richardson Nestled in the heart of th Corridor north of downto TX, the brandX by T & H Richardson/Dallas…Rea Book Now
- 119. Confirmation Email Kyle receiveshis confirmation email which invites him to enroll in T & H Client Rewards. Email Welcome! Your brandX by T & H Client Confirmation is below. Name T & H Client Rewards Confirmation Number Arrival Date Departure Date Check-In Time Check-Out Time brandX Love Field 650 N. Stemmons Freeway, I-35E Exit 434A Empire Central, Dallas, TX 75247 US Kyle Thompson Enroll Now 74589AH67DH 1/24/14 1/26/14 3:00 PM 11:00 AM
- 120. Welcome Series Upon signingup for T & H Client Rewards Kyle receives a series of 3 emails from the Welcome drip campaign which aims to: • Thank • Educate about the program • Incentivize to complete his profile Email Welcome To T & H Client Rewards Total Points; 0 Complete Your Profile Free Bonus Points! Tell us more about yourself and receive bonus points towards your next free stay.
- 122. Browse Retarget Email Kylereceives a browse retarget email that evening which reminds him of the free breakfast and wifi available at brandY. As a result he books his stay. Email Your Parsippany Stay Awaits Get a free, hot breakfast and WiFi at brandY brandY Parsippany 949 Route 46, Parsippany, NJ 07054 US A warm bed, hot breakfast, and free WiFi come standard when you stay at brandY. Book Now
- 124. Gets a notification… Afterchecking-in he gets a push message with a $5 off coupon.
- 125. Gets a notification… Beforeretiring for the evening Kyle receives a Push Notification reminding him of the free breakfast in the morning.
- 126. Gets a notification… Afterhe leaves for his presentation in the morning he receives a Push Notification asking if he’d like to receive an email copy of his stay receipt.
- 127. Email Receipt After hisstay Kyle receives an e-Receipt with a partner offer to sign up for the T & H Client Rewards Visa. Inbox (1) Your Recent Stay e-Receipt E-Receipt brandY 949 U.S. 46, Parsippany, NJ 07054 Room Arrival Date Departure Date Adult/Child Room Rate Rate Plan T & H Client Rewards # 213 1/27/14 1/28/14 1/0 $59.00 LW-T 675930992 Stay Total $65.24 EARN POINTS TOWARDS FREE NIGHTS WITH T & H Client REWARDS VISA
- 128. Email Newsletter Fast-forward 3months Kyle receives his monthly rewards newsletter and there is a promotion for a trip finder. He has traveled a lot and accumulated a lot of points and is ready for a last minute vacation with the family. Email T & H Client Rewards Newsletter How will you use your rewards? Total Points; 42,000 Want to find the perfect getaway? Try our all new TRIP FINDER Start Now
- 129. Trip Finder Kyle answersa series of questions which helps the ExactTarget Customer Intelligence engine determine the best trip for him. T & H Clientrewards.com/tripfinder Mon 3.31 PMWeb Browser Find Your Perfect Trip NextBack How will you arrive at your destination? o Drive o Fly
- 130. Trip Finder After hesubmits his answers T & H Client displays the results. Mon 3.31 PMWeb Browser Your Perfect Trip Results T & H Client Grand Resort - Walt Disney World Orland, FL Located in the heart of Orlando, Florida, enjoy sophisticated charm and Mediterranean-inspired comfort minutes from the area’s top theme parks, golf courses and attractions. T & H Client Grand Orlando Resort is surrounded by 500-acres of the stunning woodlands of Bonnet Creek. Book Now T & H Clientrewards.com/tripfinder
- 131. On Vacation… On daytwo at the pool he posts a picture of the family enjoying the vacation. He then receives a response from T & H Client with an offer for free ice cream for the kids during his stay Facebook Kyle Thompson 5 minutes ago T & H Client Hotel Group 2 minutes ago Glad you’re enjoying your stay. Bring this to the concession stand for free ice cream for the kiddos!
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- 133. We must movefrom numbers keeping score to numbers that drive better actions. David Walmsley Head of Multichannel Marks & Spencer
- 134. Seven Trends DisruptingConsumer Behavior 1. Moments Matter – every touch point and every connection is an opportunity to deliver a seamless brand experience to delight your customers 2. Connected Consumer – every business is a mobile business. 3. The Amazon / eCommerce Effect – Amazon and Alibaba have the ability to disrupt any industry and quickly 4. Content Personalization – massive lift in all success metrics with the use of personalized content 5. Collaborative Economy – people have the ability to bypass inefficient companies by building processes and economies using technology 6. Social Intelligence – It is more than “social media.” It is about listening, 7. Humanizing Automation – build messaging strategy around the individual
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Editor's Notes
- #11 Last mile project – how do you innovate around the delivery point.
- #36 Last mile project – how do you innovate around the delivery point.
- #37 Last mile project – how do you innovate around the delivery point.
- #38 Last mile project – how do you innovate around the delivery point.
- #39 Last mile project – how do you innovate around the delivery point.
- #40 Last mile project – how do you innovate around the delivery point.
- #41 Last mile project – how do you innovate around the delivery point.
- #43 Last mile project – how do you innovate around the delivery point.
- #69 Yerdle enables neighbors to gift goods - rather than buy
- #82 Counting beds on offer, airbnb is already the fifth-largest hotelier in the world, with unparalleled global reach. Has a presence in nearly every country on earth Median price of a hotel vs cost of an Airbnb apartment
- #83 Counting beds on offer, airbnb is already the fifth-largest hotelier in the world, with unparalleled global reach. Has a presence in nearly every country on earth Median price of a hotel vs cost of an Airbnb apartment
- #87 Counting beds on offer, airbnb is already the fifth-largest hotelier in the world, with unparalleled global reach. Has a presence in nearly every country on earth Median price of a hotel vs cost of an Airbnb apartment
- #91 Next, let’s talk about shifting services to now becoming marketplaces. We call this ‘Motivating a marketplace”. The naming is specific, you can’t own the marketplace, you can’t manage it, you simply must help usher them along, in this use case, the goal is to get the people to do these actions among themselves. If your company offers services, like a hospitality company serves guests, then learn how to tap into the marketplaces that are already forming in the sharing economy. There’s a number of new activities that people can perform, including to resell, co-owning, swapping goods, lending to each other, or gifting.
- #92 The key is to convert products into services, services into marketplaces, and marketplaces build products They start off simple, but as we progress around the value chain, the investment and risk increases, but as well as the potential payoff. Let me walk through each one in detail and show you how. First, let’s focus on products becoming services. We call this “Company as a service” Now that customers want access to products –and may not necessarily want to own them, it means that companies Must change the relationship and offer it a new form through renting, subscribing or event lending –beyond just selling.
- #94 The key is to convert products into services, services into marketplaces, and marketplaces build products They start off simple, but as we progress around the value chain, the investment and risk increases, but as well as the potential payoff. Let me walk through each one in detail and show you how. First, let’s focus on products becoming services. We call this “Company as a service” Now that customers want access to products –and may not necessarily want to own them, it means that companies Must change the relationship and offer it a new form through renting, subscribing or event lending –beyond just selling.
- #95 Next, let’s talk about shifting services to now becoming marketplaces. We call this ‘Motivating a marketplace”. The naming is specific, you can’t own the marketplace, you can’t manage it, you simply must help usher them along, in this use case, the goal is to get the people to do these actions among themselves. If your company offers services, like a hospitality company serves guests, then learn how to tap into the marketplaces that are already forming in the sharing economy. There’s a number of new activities that people can perform, including to resell, co-owning, swapping goods, lending to each other, or gifting.
- #98 Next, let’s talk about shifting services to now becoming marketplaces. We call this ‘Motivating a marketplace”. The naming is specific, you can’t own the marketplace, you can’t manage it, you simply must help usher them along, in this use case, the goal is to get the people to do these actions among themselves. If your company offers services, like a hospitality company serves guests, then learn how to tap into the marketplaces that are already forming in the sharing economy. There’s a number of new activities that people can perform, including to resell, co-owning, swapping goods, lending to each other, or gifting.
- #99 Tap the crowd for better rates and terms that a company can set and achieve the highest form of loyalty: Shared Destiny.
- #100 Tap the crowd for better rates and terms that a company can set and achieve the highest form of loyalty: Shared Destiny.
- #101 Tap the crowd for better rates and terms that a company can set and achieve the highest form of loyalty: Shared Destiny.
- #102 http://www.bizjournals.com/atlanta/print-edition/2013/08/23/coca-cola-creating-app-to-help-workers.html?page=all
- #103 Next, let’s talk about shifting services to now becoming marketplaces. We call this ‘Motivating a marketplace”. The naming is specific, you can’t own the marketplace, you can’t manage it, you simply must help usher them along, in this use case, the goal is to get the people to do these actions among themselves. If your company offers services, like a hospitality company serves guests, then learn how to tap into the marketplaces that are already forming in the sharing economy. There’s a number of new activities that people can perform, including to resell, co-owning, swapping goods, lending to each other, or gifting.
- #121 3x Welcome/Onboarding series to T & H Client Rewards Thank you, education about program (how to add previous stays), incentive to complete profile (get bonus rewards points) Shows he mostly books for business, looking for best value and business amenities (wifi) Show snapshot of contacts model now that profile center has been completed (explicit data)
- #122 Show snapshot of contacts model now that profile center has been completed (explicit data)
- #123 Jump ahead a few months… Browse Retarget Has upcoming meeting in Parsippany, browses brandY in area He doesn’t purchase without doing more research, so he plans on searching tonight at other hotels He abandons his search Receives browse retarget email that evening which reminds him of the free breakfast and wifi available at brandY, he purchases
- #124 Jump back to the contacts model to show how contact has updated with implicit (browse/purchases/past stays) data
- #125 Checks-in he downloads the new T & H Client hotel app and opts in for alerts during this stay After check in he gets a push message for free drink Meets up with colleagues to review presentation Gets another push message with reminder with the free breakfast hours As he leaves in the AM for his presentation, he gets a Push asking to confirm a email copy of his receipt
- #128 Email receipt from stay Business traveler and easier to keep record of Include Partner offers—T & H Client rewards visa card Contacts model With this stay he hits Gold status and receives an email congratulating him and reminding him of his perks Thank him for his loyalty Makes connection to leisure travel use rewards points Highlight his activity
- #129 Fast forward 3 months he receives his monthly rewards newsletter and there is a promotional for a trip finder. He has traveled a lot and accumulated a lot of points and is ready for a last minute vacation with the family.
- #130 Goes to guided trip planner Business vs leisure Type of destination (beach, nature, city, amusement parks, etc) Price range How to pay for his trip Points v Cash (since he is logged in it takes into account his points and shows him how many he has) Driving or flying Helps him pick the perfect location and hotel from across T & H Client hotels that will meet the needs of his family and stay within his budget by using his points
- #131 Kyle is going to Disney with his family – T & H Client Grand Resort Two days prior he receives pre-trip email and it contains a suite upgrade – he clicks through and accepts – next best offer
- #132 On day two at the pool he posts a picture of the family enjoying the vacation -> he then receives a response from T & H Client with an offer for free ice cream for the kids during his stay Kyle then receives a email thanking him for bringing his family to their resort and ask him to rate and review the trip. After a great trip, with great service he goes online and provides a stellar rating.