Categories: Articles

Welcome To "Less Is More" Marketing

Maybe you should not be thinking of ways to create and publish more content.

What do you really think consumers want: to have that much more engagement with your brand or to have an easier, simpler and faster experience? While you may think that those two areas are not mutually exclusive, they are actually, intrinsically connected. If you can make the purchase funnel for your consumers have as little friction as possible, they’ll become loyal. With that loyalty comes more engagement (sometimes). It’s not as obvious as you think. Most brands are cramming more and more pieces of content (which is mostly thinly veiled marketing pap) into more and more channels, but they’re spending less and less energy making their own websites and platforms easier and faster for consumers to navigate.

Every second count.

At a recent Art of Marketing in Chicago, I shared the stage with Avinash Kaushik (Google‘s Digital Marketing Evangelist and the author of two bestselling business books: Web Analytics – An Hour A Day and Web Analytics 2.0). I don’t remember the exact stat that Kaushik told the audience, but it was something along the lines of this: for every second that a person has to wait for a page to load, the conversion potential drops seven percent. Consumers are unforgiving. They want efficiency and speed… not a cool Facebook page.

Don’t believe me?

Yesterday, MarketingVox ran a news item titled, Users Want Ease of Decision More Than Engagement. It turns out that online shoppers could care less about engaging with their favorite brand (unless they have a complaint or need more information). In fact, they’ll switch (and fast) to a competitive brand that helps them buy faster. "In a study of 7,000 consumers and marketing executives representing 125 consumer brands across 12 industries, CEB identified a significant disconnect between current marketing strategies, including customer engagement, and preferred consumer buying behavior. While most marketers are behaving as if the majority of consumers are open to having a relationship with their brand, CEB found only 20% of consumers report being open to such relationships. As a result, today’s marketing tactics are making customers less loyal and resulting in lost revenue for companies. ‘Our research indicates that the impact of simplifying purchase decisions for consumers is four times stronger than the favored marketing strategy of engagement and is the number one driver of likelihood to buy,’ said Patrick Spenner, managing director at CEB. ‘Too much choice and information causes customers to over-think purchase decisions, making them more likely to change their minds about a product, be less confident in their choice and less likely to repurchase.’"

Don’t let your analytics lie to you.

Take a look at your marketing teams and ask this simple question: who amongst us is responsible for ensuring that our consumers can get in, find what they need and convert as quickly and efficiently as possible? Marketing optimization tends to look at opportunities within the campaign realm (how do we make these display ads flashier so people click on them?), but we can’t forget about how critical it is to ensure that our entire experience is seamless and easy (and yes, it’s an iterative and ongoing process).

It’s a cluttered Web.

There’s no doubt about it. We’ve made a mess of things. Most brands have no cohesive brand narrative because they’re busy updating their websites with more pages, tweeting randomly on Twitter, working a Facebook page, experimenting on Pinterest, loading up videos on YouTube and more. They’re just throwing content at popular channels without looking at the holistic space and opportunity to extend a brand narrative. Even if they’re nailed that down tight, they still struggle with simplicity: making their websites (mobile, Web and touch) move quickly and efficiently. Google’s homepage looks the way it does for a reason (same with Twitter, YouTube, Facebook and beyond). They know that the simpler and faster they make their products, the less likelihood there will be for consumers to go elsewhere.

Imagine a world where brands published less but optimized for speed and efficiency more?

Mitch Joel

Mitch Joel lives at the intersection of technology, business transformation and consumer culture. He is the Executive Director of Next Era Institute, a strategic intelligence platform helping leaders understand the forces reshaping business, technology, culture and society. The Institute identifies which shifts matter, explores their wider significance and translates them into strategic direction and momentum. Mitch is also a globally recognized keynote speaker. He has delivered thousands of presentations across both B2B and B2C industries to organizations including Google, Walmart, LEGO, Shopify, Microsoft, Procter & Gamble and Unilever. Strategy Magazine has called him “one of North America’s leading visionaries.” Mitch built his career by working directly inside the waves of change that reshaped modern business. He founded and built a digital marketing agency that worked with some of the world’s largest brands and was later acquired by WPP, where he served as President of a firm operating in 25 countries with almost 3,000 employees. Mitch is the bestselling author of Six Pixels of Separation and CTRL ALT Delete, and the host of Thinking With Mitch Joel, one of the longest-running business podcasts in the world. His writing and commentary appear in outlets including Harvard Business Review, Fast Company and Inc. Magazine. He is a member of Dr. Marshall Goldsmith’s 100 Coaches and was named to the Thinkers50 Radar. Mitch also hosts Groove – The No Treble Podcast, documenting the oral history of electric bass players. Mitch is also Co-Founder of ThinkersOne, a platform that enables companies to bring personalized thought leadership from world-class experts into meetings, events and off-sites in focused 15-minute bursts.

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