By Teresa Craighead
Nearly half of all end-users say that if they land on a business site that is not mobile-optimized, they take it as an indication that the business does not care.
Last summer, online shopping overtook grocery stores and the restaurant business to become the second-biggest segment of the $520 billion U.S. retail market, according to business intelligence publisher Internet Retailer.
By Jennifer Osborne
“Women need to ask for more than we do; women as a whole, not just executives, need to step up in every department, in every shape, in every form across the board and ask for more.”
— Laura Brandt, President, IDLife
The most recent Forbes’ 100 Most Innovative Leaders list includes only one woman. This number has raised many questions and debate about inclusion and diversity across the business community.
By Dauf Rauf
“Companies are recognizing they could get shut down for their field claiming lavish lifestyles.”
— Scott Malik, FieldWatch Services Manager, Momentum Factor
The multi-level marketing industry has gone Hollywood.
By Stephanie Ramirez
“The line between consumer music festivals and corporate events will continue to blur, as elements of the former become a means of engagement for the latter.”
— Cvent 2019 Event Trends Report
There is no doubting the power of live events. In fact, 84 percent of leadership—vice presidents and C-suite—believe in-person events are a critical component of their company’s success, according to a recent report from Bizzabo, an events technology company. And 41 percent believe that events are the single-most effective marketing channel over digital advertising, email marketing and content marketing.
By Stephanie Ramirez
“I would be really worried about any company that wasn’t planning for the future by moving everything over to mobile and social selling models.”
— Sean Eggert, CEO, Hanna Shea Executive Search
“They have grown increasingly used to receiving highly targeted ads delivered to them at all hours of the day. Because of this, they’ve grown skeptical of traditional advertising techniques.”
—Genie Reese, chief strategy officer, Red Aspen
Generation Z, born between 1995 and 2012, is now coming of age, and they’ve got a lot of buying power—$44 billion to be exact. But marketing to them isn’t easy. Since they are digital natives and have grown up with the internet, gaming and gadgets, their approach to buying is very different.
By Stephanie Ramirez
Advocacy marketing network firm ExpertVoice conducted a survey and found that 82 percent of respondents said they were highly likely to follow a micro-influencer’s recommendation.
“The old way of doing things in direct sales is just not working anymore.”
—Heidi Johnson, national director of sales, BIOHM Health
What was once a simple marketing tactic has grown into an essential part of a robust marketing and selling strategy. Google searches on the term “influencer marketing” have increased 1,500 percent over the past three years, with no decrease in sight.
By Ginny Pasqualoner
There’s something so experiential about the world that we live in today. People, especially younger people, don’t think ‘work really hard for four years and you can double your income.’ They think, ‘What can I do today to pay my rent next week and have some fun tonight?
— Ann Dalton, founder and CEO, Perfectly Posh
“Of course the company is nervous when third-party apps are being used by their field due to the lack of transparency and control.”
—Colin Christensen, executive vice president, Ontrac Technologies
The social selling landscape of 2019 is vibrant and ever-changing, with the relationship between e-commerce and social selling continuing to evolve in tandem with changes in technology, social norms and legal requirements. Class-action lawsuits and regulatory confrontations have highlighted challenges regarding compensation structure, unsubstantiated advertising claims, income disclosures and more.
This new breed of brands leverages digital technology to invent faster, more automated, more personalized purchasing experiences.
“I had this craving to have a field of people who are passionate about my products. You don’t get that with direct-to-consumer.”
— Kevin Hafen, co-founder and CEO, Univia
“Cutting out the middleman” is a phrase well-known to those who utilize the direct selling model to distribute their goods and services, as they focus efforts and marketing dollars on the consultant’s ability to connect with consumers.
By Sarah Ravits
Companies capitalize on direct selling fundamentals in an effort to increase brand loyalty and customer experience.
Recognizing the power of generating a good experience for the customer, brands are once again delving into areas once dominated by direct sellers.
The pop-up experience draws its structure directly from the same principles as the Tupperware party: touch, feel, experience and fall in love, all within an impermanent setting.
When Tupperware engineered the in-home party in the 1950s, it created the experience of demonstrating products in such a manner that customers couldn’t help but fall in love with them. This “personal” approach set direct sellers apart from other retail efforts for more than half a century.
But so far in the 21st century, there have been few such clear-cut selling approaches belonging to only one channel; mainly, the lines within the world of retail continue to blur as various entities borrow best practices from each other and try out different approaches.
Companies that utilize artificial intelligence and machine learning will gain a competitive advantage over those that don’t.
The applications to business are as varied and vast as the business landscape, but one thing both AI and machine learning can provide is more confidence in decision-making by producing data-driven findings.
Machine learning has the capability to understand patterns in data at a level of complexity and nuance many orders of magnitude deeper than a human being could ever recognize.
"Amazon and other gig opportunities have been using these technologies for years. Companies must move from acting on lagging indicators to acting in anticipation of the most probable future."
—Michel Bayan, CEO, DirecTech Labs
An algorithm is a set of steps intended to accomplish a task. Your favorite chocolate cake recipe is an algorithm. The more frequently you make it, the better you get at judging how external factors such as the temperature of the butter and the moisture content in the air affect the finished cake. Repeatedly making the cake and learning from it each time will contribute to making you a better cake-baker.