by Fronetics | Feb 16, 2017 | Consumer Electronics, Content Marketing, Marketing, Social Media, Strategy, Supply Chain
Here are two examples of consumer electronics companies leveraging social media to reach their target audiences, build brand awareness, and drive sales.
More and more companies are allocating budget to create a social media presence. That’s because, despite early hesitation, supply chain businesses understand that social media is an important marketing tool in today’s marketplace. The consumer electronics industry is no different: Participating in social media has never been more necessary.
Nearly 60% of consumers have taken a blog or social media post into consideration while shopping in a store. You may think — sure, that probably happens for fashion labels. But in fact, consumer electronics is the top product category influenced by social media posts, followed by fashion, then household items.
So what does this mean for you? Those dollars that you’re driving into social networking posts, tweets, and videos are reaching customers and ultimately affecting their purchasing decisions. Well, I should say, only if you’re driving them in the correct places.
To effectively leverage social media in consumer electronics, you need to have a social media strategy that aligns with your business goals. You need to be using the right channels, distributing the right content, and posting at the right time.
Let’s take a look at two companies that are doing it right and why that is.
Consumer electronics companies leveraging social media effectively
1) GoPro
GoPro designs portable, waterproof cameras that users can strap on their helmets, handlebars, or surfboards to record their experiences. The brand’s target audience includes extreme-sports lovers and daredevils who like to watch and share their adventures.
As part of their social media strategy, GoPro encourages their customers to contribute their videos to its various social media channels. It’s a win-win for both the company and users: GoPro receives tons of content that is interesting and relevant to its users, and the users get to show off their skills (or tumbles). Today, the company has over 4.5 million YouTube subscribers and more than 1.3 billion views of their videos.
Lesson: Know your target audience. GoPro understands who it is trying to reach, what they like to do with social media, and where they are active. It gives users a place to share their accomplishments, and is able to grow brand awareness and brand loyalty at the same time.
2. Beats by Dre
Beats by Dre, owned by Apple and founded by Dr. Dre, is an audio brand that sells headphones, earphones, and speakers. The company is active on several social networking platforms, but its genius lies in how it uses those platforms in different ways to reach different consumers.
On Facebook, Beats by Dre finds the most success by sharing stories and experiences that appeal to music and sports enthusiasts. Content includes inspirational photos and videos of athletes and artists using the brand’s products.
On Twitter, the company has created a dedicated support account to quickly reach customers in need of service. This helps amplify the message that the company offers excellent customer service, and the team is able to quickly and broadly share users’ positive feedback.
Pinterest is an entirely different beast for Beats by Dre. The company found its users were most likely to pin high-quality, interesting images, so that’s exactly the kind of content the brand shares via Pinterest. It also curates “mood boards” around the release of new products. It helps build excitement and awareness surrounding a product launch — and it achieves the longer-term strategy of building brand awareness through its users’ social sharing.
Lesson: What works on one social media network might not work on another. By distributing different kinds of content on different channels, Beats by Dre has been able to maximize the impact of each social media channel and engage with the segment of consumers that operates there.
Today’s consumers are more educated than ever. By understanding how to leverage your social media channels to reach and best serve your target audience, you can make your tweets, posts and videos a success.
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by Fronetics | Oct 28, 2015 | Blog, Consumer Electronics, Data Security, Data/Analytics, Logistics, Strategy, Supply Chain
When it comes to IT Asset Disposal here are 5 must-ask questions for third-party providers.
When the industry thinks of data breaches it raises the specter of a savvy hacker lurking very far, and yet very close, intermingling with a larger organization of internet criminals, breaking into our technology and gathering most private information: credit card and bank account details, social security numbers, and personal health and income data. The recent breaches at Anthem insurance and the retail giant Target make users worry about the trail they leave when they swipe a card or populate a form with personal information. This is how individuals think identities might be exposed. Individuals often don’t think about what happens when a company retires old servers, computers, printers, copiers, and scanners. What happens to confidential data? This is something businesses must think about.
ITAD
Receipt, processing, destruction and disposal of hardware and software are a necessary and growing business. The Blumberg Advisory Group’s 2014 ITAD Trends Report shows that data security is the number one reason why companies implement an IT asset disposition (ITAD) strategy. News reports highlight examples of sensitive data being found on retired assets, frompersonal photos and information to matters of national security. The costs associated with data breaches and with the improper disposal of IT assets are great. They include financial implications such as penalties, the loss of customer loyalty, and the tarnishing of one’s reputation. To mitigate risk, asset recovery management is critical to companies operating in today’s global supply chain.
According to Transparency Market Research (TMR) as reported inElectronics Purchasing Strategies, ITAD represents an estimated $9.8 billion handling 48 million tons of discontinued or excess technology gear. According to TMR, by 2019 the predicted market will grow to $41 billion made on 141 million tons of used equipment. Concerns about data security have resulted in companies becoming more aware of the need for ITAD and the need to budget for it. In 2014, 87 percent of companies reported having an ITAD budget; 38 percent more than in 2012.
Outsourcing this complex work can be a necessity for many companies who don’t understand the intricacies, regulations, labor and cost of asset disposition. Electronically stored data is subject to stringent HIPAA/HITECH, FACTA, SOX, GLB, and FERPA regulations, complicating responsible disposal. Secure and thorough “wiping” of data is critical, and the environmental impact of retired assets is also a vital concern.
More and more companies, 65 percent of companies larger than 10,000 workers and up to one third of all businesses, are turning to 3rd-party service providers to manage end-of-life assets. The factors seen as most important in selecting a 3rd-party service provider include: adoption of industry-recognized compliance standards (97 percent); a well-documented and enforced chain of custody (95 percent); and high-quality, thorough client reporting (95 percent).
Reduce, Reuse, Recycle
ITAD is expensive and it can be risky. It is, therefore, important to find a 3rd-party service provider who can ensure as much safety and security as possible. Many ITAD companies have a split business model working with upstream partners to collect and process retired material, then turning to downstream partners who are looking to purchase used technology gear. Given this model, your server could be someone else’s server one day. Ensuring proper receipt and processing is critical.
Must-Ask Questions
These are must-ask questions businesses should ask 3rd-party providers before hiring them. Be certain these questions are answered thoroughly and confidently.
1. What is your specialization?
2. Is there uniformity in the process?
3. Who would manage our relationship?
4. How flexible are your operations?
5. What if something goes wrong?
Companies operating in today’s global supply chain need to take the necessary steps to mitigate risk when it comes to asset recovery management.
You may also like:
The importance of Asset Recovery Management in the Global Supply Chain
Content marketing ROI for reverse logistics companies
This article was originally published on Electronics Purchasing Strategies.
by Fronetics | Oct 15, 2015 | Blog, Consumer Electronics, Logistics, Marketing, Social Media, Strategy, Supply Chain
Consumers are using social media to help them make purchase decisions. An infographic by Invesp provides key details including that:
- 4 in 10 social media users have purchased an item online or in-store after sharing it or marking it as a favorite on Twitter, Facebook or Pinterest.
- 50% of those purchases take place within a week; 80% take place within 3 weeks.
- 71% of consumers are more likely to make a purchase based on social media referrals.
- Twitter is the most influential for tech purchases, and the least influential for gardening and decor.
- The top 2 ways Twitter helps solidify purchase decisions are: purchase location identification and product discovery.
A Consumer Electronics Association (CEA) study found similar results. CEA found that 24 percent of consumers who use social media say that they always or almost always refer to social media websites before they make a consumer electronics purchase. For high engagement users (13.5 or more hours per week) this increases to 65 percent.
Here’s how companies can use this information to reduce returns.
Inform
Use social media to give consumers the basic facts about your company and your product.
Educate
Use social media to educate consumers about your product. Specifically, social media can be used to educate the consumer about how the product can be used, the benefits that can be realized by the use of the product, and the ROI of the product.
Engage
Use social media to engage with consumers.
If a consumer is considering the product, use social media to answer questions the consumer has, or to address concerns. Similarly, if the customer has already purchased your product, you can use social media to answer questions the consumer has, or to address concerns.
Through the use of social media you can enable consumers to make more informed purchase decisions. Additionally, you can use social media to answer questions and better educate consumers on how to use your product thereby reduce no fault found returns.
This was originally published on Electronics Purchasing Strategies.
by Fronetics | Aug 26, 2015 | Blog, Consumer Electronics, Strategy, Supply Chain
Source: University of Wisconsin -Madison
In 2014 the global consumer electronic market was valued at $1,224.8 billion. Future Market Insights projects that the market will reach $2,976.1 billion by 2020, reflecting a CAGR of 15.4% during the forecast period, 2015 – 2020. As the industry grows, driven by our desire for new technology, so does the amount of electronic waste (e-waste).
Right now 70% to 80% of our old gadgetry goes straight into landfills. According to research firm MarketsandMarkets, the global volume of e-waste generated is expected to reach 93.5 million tons in 2016, up from 41.5 million tons in 2011 at a compound annual growth rate of 17.6%. This waste contains hazardous materials which are harmful to human health and to the environment and are both non-renewable and non-biodegradable.
Semiconductor chips are one of the contributors to the hazardous materials found in e-waste. Researchers at the University of Wisconsin recently announced that they have created a new computer chip – one that is biodegradable and one which reduces the amount of semiconducting material used in manufacturing by a factor of up to 5,000. In spite of these changes, the new chip performs at the same level as traditional chips.
The new computer chip retains the active components of traditional chips, but in the base layer the new chip replaces silicon with cellulose nanofibril (CNF), a flexible, biodegradable material made from wood. This change means that the computer chip can decompose in nature.
In a press release Zhenqiang “Jack” Ma, research lead and UW-Madison electrical and computer engineering professor, says this about the new chips: “Now the chips are so safe you can put them in the forest and fungus will degrade it. They become as safe as fertilizer.”
While these new chips are game-changing with respect to human health and the environment, they are also poised to transform the consumer electronics industry. The transformative nature of the chips, and the one that will likely be the tipping point to adoption, is their transparency and flexibility.
Ma’s new chips are ready for commercialization.
by Fronetics | May 15, 2014 | Blog, Consumer Electronics, Content Marketing, Marketing, Social Media, Strategy, Supply Chain
Curating content is an essential component of your content strategy and to demand generation. Content curation can help you grow your business by establishing your business as a thought-leader within the industry and as a trusted resource.
Here are four factors to doing content curation successfully:
Know your audience
Identify your audience. In many cases your target audience is your company’s buyer persona.
Take the time to know your audience. For example, take the time to understand what type of information and/or resources they are likely to be looking for, learn what platform(s) they are most likely to use (e.g. Twitter, LinkedIn, Facebook), learn their interests, and learn their passions.
Be relevant
Curate content that is relevant to your audience. The content you curate should provide your audience with value and knowledge.
Quality, quality, quality
Content can be stuff. Content can be clutter. If you want the content your business curates to stand out, you make sure the content you curate is quality – every time. Quality is a differentiator.
Be consistent
Share content on a regular and consistent basis. This will not only increase your visibility, but it will also establish you as a trusted resource – as the go-to resource for information and for knowledge.
This article also appeared on DC Velocity.
