In short
Podcast Notes: Do This, NOT That: Marketing Tips with Jay Schwedelson
Episode Title
35% Increase in CONVERSIONS! New Trend➡️"We saw you looked at this... 📺 What I am WATCHING? | Jay’s SCOOP | Ep. 302
Podcast Overview Description:
- The podcast focuses on mastering marketing insights.
- Offers actionable takeaways and practical advice for marketers.
- Explores concepts like decision-making, nurturing contacts, and behavioral science principles in marketing.
Episode Highlights
- Main Topic: Transparency in Marketing
- Jay Schwedelson discusses the importance of being transparent with customer data to improve communication and engagement.
- Sharing insights about customer behavior can significantly enhance conversion rates.
Key Concepts
- Transparency in Marketing
- Being upfront about customer data leads to greater trust and engagement.
- Example: Not just knowing customer behavior but also communicating that knowledge.
- Impact on Conversions
- 35% Higher Conversion Rate:
- When marketers inform customers about their previous actions (e.g., viewing a pricing page), it leads to a significant increase in conversion rates.
- Effective Email Subject Lines:
- Examples include:
- "Saw you on our pricing page. Here's a bonus."
- "You almost saved your spot. Want us to hold it?"
- Innovative Marketing Tactics
- Pop-Ups:
- Transparent pop-ups can increase click-through rates by 22% by acknowledging user behavior, such as spending time on a specific page.
- Triggered Chatbots:
- Utilize chatbots to engage users based on their activity (e.g., “Notice you're comparing pricing. Can we help?”).
- Personalized Videos:
- Sending targeted 2-minute videos related to users' interests can enhance engagement.
- Re-engagement Strategies:
- Communicate directly with inactive contacts with reminders about their activity or inactivity.
Best Moments
- Introduction to Transparency in Marketing: (00:39)
- Data-Driven Conversion Insights: (01:55)
- Examples of Transparent Subject Lines: (02:08)
- Pop-Up Effectiveness: (03:42)
- Triggered Chatbots: (05:00)
- Re-engagement Tactics: (06:29)
Pop Culture Segment
"Since You Didn't Ask"
- Discussion on upcoming TV shows:
- The Handmaid's Tale: Mixed feelings due to long hiatus.
- Celebrity Big Brother: Featuring random celebrities, including Mickey Rourke.
- TV Show Recommendations: Highlighting "Million Dollar Secret" on Netflix.
Promotions
- Guru Conference Announcement:
- The world's largest virtual email marketing conference is free and open for registration.
- Encouragement to sign up for free swag for the first 500 registrants.
Sponsor Acknowledgment
- Marigold Sponsor:
- Promotion for the "Loyalty Program Optimization Guide," emphasizing engagement and personalization in loyalty programs.
Conclusion
- Takeaway: Transparency in utilizing customer data significantly improves marketing outcomes and conversion rates. Brands should aim for honesty and direct engagement to foster genuine connections with their audience.
Final Notes
- Encourage listeners to leave reviews and subscribe to the podcast for more insights.
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This episode emphasizes a shift in marketing tactics towards transparency and honesty, advocating for direct communication with customers based on their behavior, ultimately leading to enhanced engagement and conversion rates.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:08Welcome to Do This Not That, the podcast for marketers. You'll walk away from each episode with actionable tips you can test immediately. You'll hear from the best minds in marketing who will share tactics, quick wins, and pitfalls to avoid. We'll also dig into life, pop culture, and the chaos that is our everyday. I'm Jay Schwetelson. Let's do this, not that.
0:39We are back for Do This, Not That podcast presented by Marigold. And I'm so excited about this new trend in marketing and everybody needs to jump on this train. Forever, we have used data that we had on our prospects, on our customers, on people visiting our websites. Whether you're a business marketer or a consumer marketer, you would use the data. You would target people. You would send them certain things based on what you knew about them. But up until now, we never actually told our prospects, our customers, when we were marketing to them, the data that we had. And this is the big change. It's basically being honest and being transparent.
1:20And it works because that's what we want to do. We want to connect with brands. We want to feel connected to them, their authenticity, their realness. Again, it doesn't matter if you're a boring business brand or a consumer brand. So what do I mean by this? All right, so we ran 30 email campaigns as tests. And the test was we want to see, okay, the data that we had on these people, if they visit a certain website page, if they clicked on something, right, if they signed up for something. Instead of just sending them communications because we knew that they did the thing, we told them that they did the thing.
1:55And when we told them that they did the thing, we saw a 35 % higher average conversion rate on the offers. So what does this mean exactly? So let's talk, for example, if you were sending out emails, you would have subject lines like this. Saw you on our pricing page. Here's a bonus, right? Looking at pricing, this might sweeten the deal. Or maybe they were going to register for something. You almost saved your spot. Want us to hold it? or maybe they were about to buy something. You were close. This might help you decide. This really all started with abandoned carts, right? You would go and you would put something in your consumer, in your cart, and then you wouldn't buy it.
2:37And then you get that email saying, hey, you left this in your cart. That was where this all grew out of. But now the abandoned cart is just one small piece of this idea of telling people the data that you have on them. If somebody is on your pricing page and they're looking there and they're checking it out, and then they don't buy the thing, subscribe for the thing, do the thing. And then you send them an email. And that subject line says, we saw you on our pricing page, as opposed to send them another email that has the pricing information. You're now telling them, you're being upfront and saying, we saw what you were doing.
3:09Okay. And here's this thing for you. Now, does that feel creepy? Maybe to a small number of people, it feels creepy. Fine. But the conversion rates tell the truth. We like people being direct now. We like brands being direct. We like feeling like we are connecting. Enough of the games. When you actually tell people what you know about them, it is crushing it. It's a mindset shift. It's not just in your subject lines. You could do this all over the place and it does so well. I'll give you another great example. Pop-ups on websites. Oh, I hate pop-ups. They're so annoying. I don't care, again, If you're a business or a consumer marketer, boring brand, cool brand, doesn't matter.
3:50Pop-ups do great. But one specific kind of pop-up that is specific to this idea of being upfront and honest and direct and telling people what you know about them is a timed pop-up on specific pages. Okay. So let's say you're back on that pricing page, whatever it is. You have a pop-up that says something like this, and you can do this on any platform. It's so easy. You go ahead and you investigate the platform you're on. Every platform allows you to do this. You could do a time pop-up that says, you've spent 90 seconds on pricing. You want us to walk you through with a real person? You pop that up.
4:25You acknowledge what they are doing, the time they're spending on that page. They could be shopping for women's clothing. They could be looking at a new SaaS product. Doesn't matter. That real-time personalization gives the person that nudge. Timed pop-ups, okay? Timed pop-ups are personalized to the page the person is on, generate a 22 % average click-through rate according to World Data Research. That is a click-through rate because you are telling the person, you're seeing them, okay? You're telling them what you know about them and it's working. You can do this other areas. Let's say you have a chatbot on your site.
5:00You could do a triggered chatbot where you are putting something in the chat after they've been on a particular page for a certain amount of time. Hey, we notice you're comparing our pricing, you want us to help break that down, you can use your chatbot as a pop-up basically. And then other simple ways, right? So on your confirmation page, right? Someone now bought something, they subscribed to something, they did something, and now they get to that thank you page. And now you can say something like this, since you signed up for the webinar, you might also like this guide. This is it. You may say, oh, we're already doing that.
5:35Right. You are doing it. You are doing it. You've already done the move where you're saying, hey, you signed up for this. Now we want to give you this. Now you just need to incorporate it in other places because this is what we want to react to now. This is what we like to react to. How about making short two-minute videos that you then send to people, right? You send them an email and say, so you were reading blah, blah, blah. This two-minute video explains it better. So you based on the pages that people went to on your site. You then have a drip campaign where you send them little video clips specific to those pages that break it down a little bit more.
6:14It's that simple. So this idea of being upfront, being direct, being honest, instead of just using the data that you have on people, you want to tell them. And you could also do this with your dead contacts. We're always trying to wake the dead. How do we get people that haven't opened or clicked in a million years What can I do to get them back, right? What you want to make sure that you do, if you're going to be taking people off your list, right? Okay, we're removing people that haven't opened or clicked in six months, blah, blah, blah, blah, blah. Number one, you want to do a campaign that says, hey, we're taking you off our list in seven days.
6:50And then we're taking you off our list in three days. We're taking you off our list tomorrow. If you don't click here, if you don't do this, tell them what's going to happen. I also love these where it's very specific. where you'll get a subject line that says something like, it's been 188 days, dot, dot, dot. And the person opens up and will say, since you did anything, since you clicked on something, subscribed to something, bought something, whatever, and get very specific. Not 180 days, like 188 or 97 or whatever. So this idea of being upfront, direct, transparent, honest, that is where it's at.
7:24All right, let's get into since you didn't ask. This is the ridiculous portion of this podcast where we just talk about absolute nonsense. So I'm always about what's coming on TV, what's happening on TV. I got to check out everything TV. So here's what's going on. Here's what I got for you. I'm sort of excited, but not fully excited. So coming up April 8th, The Handmaid's Tale is back. So we're going back to Gilead, the whole thing. But here's the problem. Do I care about The Handmaid's Tale anymore? that show was last on almost four years ago i don't care we cannot have four year breaks in between shows who cares what happened four years ago so i i don't even know if i'm gonna watch maybe i will and then the other one that's coming back after two years is the last of us i'm mildly interested in that two years is too long again i figured everyone would be dead by now in that show because what was going on so i may check that out i think so i don't know the most bizarre show that I am going to check out because I have no life.
8:30I don't. I watch the worst TV is Celebrity Big Brother. This is coming back in a few days. Celebrity Big Brother. But I went because I really am a loser. I went and I had to check out who are the celebrities that are going to be in Celebrity Big Brother. And I found out that Mickey Rourke's going to be there. He's the old dude who's in a lot of great movies when I was younger. I cannot believe this guy. He's like a tough guy. I can't believe this dude signed up to be in Celebrity Big Brother. That is so random to me because he's going to be hanging out with Jojo Siwa. Did I say her name right?
9:03I always think I say her name wrong. Jojo, who now, you know, she's all over the place. She was a YouTube star, whatever. But Jojo is going to be hanging out with Mickey Rourke, which is just random. And they have too many other randoms. I don't know who they are. Like this dude, Michael Fabrican. He was in the British Parliament. Who cares about him? and I mean they're digging up the most random people that are not really famous so uh uh Chesney Hawks you don't know who that is Chesney Hawks is this guy who sang he was a one-hit wonder from the 1990s who sang the song the one and only which is a very good song I like it very much but that does not mean you should get an invitation to Celebrity Big Brother what are we doing um I'll tell you what show is great that I'm watching right now on Netflix which is Million Dollar Secret I am telling you, this is worth your time.
9:49It's this kind of like secretive game show, reality show. I know it sounds terrible. I'm telling you, it's great. And the host of it is this British dude who's in the movie Couples Retreat. And by the way, if you never saw Couples Retreat with Vince Vaughn, has to be one of the all-time funniest movies of all time. Anyway, that's the dude that hosts it. What the show is that you should never watch is the Meghan Markle show. Oh, my God. I tried to give another one of those episodes a try with love, Meghan. I don't care if you like Meghan Markle or whatever, whatever, but it's ridiculous. She is trying to be like Martha Stewart and she's failing miserably.
10:24She made a fruit platter and she made it into a rainbow with bananas and strawberries. I mean, cool. Everybody does that. I did that when I was five. It's not an accomplishment. Don't watch that show. If you watch that show, unfollow this show, please. I can't have any affiliation with that show. Anyway, I appreciate you being here. Two things. Guru Conference is open. Registration is free. It is virtual. That is the world's largest email marketing event. Of course, we have limited spots. GuruConference.com. Check that out right now. We opened up registration. And leave this thing a review. Follow the show because that's how it circulates.
10:59If it doesn't circulate, then I'm a big loser. And I don't want to be a big loser. All right. Appreciate you being here. Later. You did it. You made it to the end. Nice. But the party's not over. Subscribe to make sure you get the latest episode each week for more actionable tips and a little chaos from today's top marketers. And hook us up with a five-star review if this wasn't the worst podcast of all time. Lastly, if you want access to the best virtual marketing events that are also 100 % free, visit guruevents.com so you can hear from the world's top marketers like Damon John, Martha Stewart, and me.
11:38Guruevents.com. Check it out.
11:44Thank you.
From the publisher
In this episode of "Do This, Not That," host Jay Schwedelson dives into a transformative trend in marketing: transparency. He discusses how sharing the data you have on your customers can significantly enhance communication and engagement. By being upfront about the customer's actions, marketers can foster a stronger connection that drives conversion rates.
BTW! GURU Conference is back!!! 🔥Registration is now OPEN! The World's Largest Virtual EMAIL MARKETING Conference - 100% FREE - Nov 6-7! 💥First 500 people to register will get FREE SWAG! See you there! 👋 www.GuruConference.com
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Best Moments:
(00:39) Introduction to the new trend of sharing data insights with prospects
(01:55) 35% higher average conversion rate when telling customers what you know about them
(02:08) Examples of effective transparent subject lines for marketing emails
(03:42) Using transparent pop-ups on websites for 22% higher click-through rates
(05:00) Implementing triggered chatbots based on user behavior
(05:49) Creating targeted 2-minute videos for prospects based on their activity
(06:29) Strategies for re-engaging inactive contacts with transparency
(07:29) "Since You Didn't Ask" segment discussing upcoming TV shows
(09:42) TV show recommendations including "Million Dollar Secret" on Netflix
(10:42) Promotion for the Guru Conference virtual email marketing event
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