Thursday, December 31, 2015

Our Solar Energy Future

The transport sector of the US business community have helped make this country the strong nation is. Progress has been made in many areas that will strengthen our future of solar energy and improve our position in the world, even more than it is now. The good news comes from the reduction of petroleum use and emissions of greenhouse gases in the transport. This comes from the National Renewable Energy Laboratory and Argonne National Laboratory and confirmed by the Ministry of Energy and its previous assessments. Transport is responsible for over seventy percent of our oil consumption thus reducing emissions of greenhouse gases, accounting for more than thirty percent of this number is very beneficial to our national well-being power.

Solar electric cars are increasing. However, prices will fall further to average consumers can find cars more affordable. Like many of the technology, there will be less expensive ways for manufacturers to produce them. The positive effect on air quality will be. Our future solar energy will become stronger as the benefits are seen by all citizens. The will of the people is behind it, because the results will be positive on the economic cost of gas and the continuous increase.

Progress not only in the US but around the world about our future of solar energy continues on many levels. Many universities are investigating solar cells that develop increasingly effective in terms of the amount of sun energy will turn into practice. Although the use of decreases fossil fuel, the need throughout the developing world to cheap energy is increasing. Once solar energy becomes cheaper to use, there will be more interest worldwide in its use for domestic and industrial use. Germany is an excellent example of what the enormous changes that have taken place in connection with the switch of the nation in solar energy. Our future solar energy will also grow if the same initiatives that Germany has used can be used in the US also. Germany provides financial incentives in the form of payments for his people to make the transition to solar energy in their homes and businesses.

Our future solar energy will have a major effect on our economy with increased employment in relation to many sectors of the labor market. As this industry grows, jobs will be added in the manufacture, marketing, construction, and research and development to the list of job opportunities.

Wednesday, December 30, 2015

How to Effectively Use Remarketing (Infographic)

It seems that each year that passes brings some new forms of advertising that marketers can add as another tool in their arsenal.

These past few years have brought native advertising to the mainstream, which comedian John Oliver analyzed this past August:

Native advertising has taken hold online. Here’s an example from Buzzfeed:

buzzfeed-native-advertising

This native advertising happens offline as well. You’ll find it in newspapers, magazines and hear it on the radio (it’s sneaky).

The web has also exploded with the growth of exit intent popups. Hover your mouse near the top of the browser to close or switch a tab and out of nowhere comes a near full page ad asking the visitor for something before they leave – typically an email address. Here’s an example, courtesy of 2xecommerce.com:

exit-intent-popup

In recent years we have also seen the growth of retargeting. This purpose of this is to advertise to people who have previously visited a specific site.

For example, let’s say you visit amazon.com today, place a few items in your cart, and leave. A few days later you’re browsing nytimes.com and see an Amazon advertisement with the products you put in your cart. You can then click the ad and are directed back to Amazon, and complete your purchase.

Sound like a new channel you’d like to test? Neil Patel of Quick Sprout has created an infographic to help you out. Whether you’re just diving into retargeting or have been around the block a few times and want a refresher on some of the principles.

How to Effectively Use Remarketing to Increase Your Revenue
Courtesy of: Quick Sprout

Resources for Learning More

We’ve covered retargeting in the past, including a couple webinars:

You’ll also find some great content around the web:

If you’re going to dabble in retargeting, it’s important to measure the results. You can use Kissmetrics to measure and optimize all your marketing campaigns. I’ve written some articles about how to do this:

You can also request a personal demo of Kissmetrics to learn more.

About the Author: Zach Bulygo (Twitter) is the Blog Manager for Kissmetrics.

The Benefits of Switching to Solar Power

As our lives become increasingly dependent on electricity to keep our needs, it seems that we must be careful how we get a profitable renewable. While other forms of “green energy” are only practical on a commercial level, solar panels are easy to install-power for residential consumers. Sunlight is a natural source of clean energy that is abundant worldwide so there is little reason not to enjoy. Simply switching to solar panels for 25 percent of its electricity, emissions overall average consumers will be reduced by more than 1.5 tons, helping to conserve energy for future generations, while saving thousands of dollar homes in the long term.

While this may seem like an expensive investment installation of solar energy systems, the average life of the solar system is more than 25 years, during which you are less dependent on a grid. In fact, if installed optimally in the right conditions, the solar panels are able to create the surplus electricity to sell to electric companies.

At the first change solar panels, many consumers decide to buy 1-3kw system, which accounts for about 25-40 percent of its current energy consumption. While this may not seem like much, the amount of electricity generated even a panel can lead to annual savings in electricity bills. In a few years, solar power has completely paid for itself and has 20 years to reduce energy costs for consumers.

A common concern about solar energy is that the cloudy regions receive good sun and force the end user to use only electricity from the grid of the utility company. Although there is a reduction in the amount of electricity produced during cloudy days, the panels installed optimally will collect enough energy to be a worthwhile investment. If the solar system is not able to gather enough electricity to power your home, the houses are without electricity. As a precaution all solar panels will be able to store excess electricity to use the reserve and are able to draw from the grid, utilities connected to ensure that a home is never without electricity. Another common concern is that residents with flat roofs may not get adequate sunlight, but the use of systems modern panel mounting for maximum power, regardless of how the tilt sunroof.

Although the transition to renewable energy appears to be a dangerous investment for the development of modern solar technologies they are both the environment and a great way to save money, even for residential users. The long-term savings from the solar panel to move not only help to maintain a healthy environment for future generations, but also economically benefit the end user.

7 Psychological Principles to Get More Engagement on Social Media

the mind

Just about every great marketer I’ve met had at least a bit of interest in psychology.

It’s important to be curious about the ways people think because that’s the only way you can make whatever you’re marketing to someone desirable.

You can apply lessons from psychology to every part of your marketing work.

But we can’t look at it all at once.

Instead, I’d like to focus on how understanding psychological principles of human behavior can benefit you in one area: social media marketing.

In this post, I’m going to teach you 7 different psychological principles and then show you how you can use them in your social media marketing.

However, since social media and content marketing are so intertwined, aspects of some of these principles will spill over to platforms other than social media too.

That being said, let’s start with the first principle. 

1. Children always ask this one question, but adults think it too…

If a kid asks a question, they’re almost never satisfied with a shallow answer.

Consequently, the most asked question by the vast majority of children is:

“Why?”

Why do things work the way they do?

People are naturally dissatisfied with answers if they don’t understand them.

Think of the last time you watched a political debate. How frustrating is it when most candidates don’t give a straight answer to a question?

After they dance around yet another answer, all you want to do is scream at the screen “WHY?”

Eventually, though, most people realize that there are some questions that you just won’t get a satisfying answer to. This is the point where adults give up on asking “why?” even if it leaves them a bit frustrated.

But all is not lost!

That’s because you can provide answers…at least when it comes to your audience on social media.

Answering questions your readers have in full clear detail is one of the best ways to get loyal followers on social media.

Here’s an example:

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Stone Temple Consulting knows that many members of their audience wonder why SEO has to be so complex (it certainly seems that way to beginners).

So, they used that opportunity to explain why, using the question as the headline for the social media post.

Imagine it from one of their followers’ point of view.

  • They had a question about why something (SEO) is the way it is
  • They clicked the social media post to find the answer
  • They found a good answer and felt satisfied

That last part is really important because it reinforces the behavior. Over time, they learn that good things happen when they interact with posts from this particular company.

And there’s no reason why it can’t be your business instead.

All it takes is two simple steps, and I’ll show you how to do them.

Step #1 – Find questions your readers want answers to: Remember that your goal is to answer questions that most of your followers have. That’s how you get them to take action (like click through to your website) and give them a good experience.

There are many places where you can find these questions: on social media, forums, groups, etc.

But I strongly recommend starting with question and answer sites because they are obviously filled with questions. You don’t need to waste time filtering out other content.

The big question and answer sites are Yahoo Answers and Quora.

Personally, I’m a bigger fan of Quora, and I even post answers there myself. I think the quality of the site is much higher than that of Yahoo Answers’.

The simplest way to find a long list of questions you can answer is to just type in your niche in the search bar.

What you’re looking for is some sort of “Topic: (your niche),” which is basically a category that collects all questions related to your niche.

As you can see below, it should come up as one of the main search suggestions in most cases:

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Click the topic, and Quora will load a feed for you, which will have thousands of questions in it (for most topics). Just keep scrolling when you reach the bottom, and it will load more.

These questions are not organized by date, but rather by relevance and interest.

You can see the number of “upvotes” on each question, which is a good measure of the number of people in the community who are interested in the answer.

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You literally have hundreds of great questions at your fingertips. You could answer one a day if you wanted to.

Step #2 – Find the best way to answer them: Now that you have the questions, it’s time to provide answers.

But remember, you’re providing your own answers on social media (or your website), not on Quora.

Your audience on social media is completely separate from the Quora audience, which means that most of your audience still needs an answer to these questions.

This also means that you can read through the answers on Quora if you need help or guidance to answer the question. However, you should, of course, answer the question in your own words and share your own experiences when possible.

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After you have an answer, there are 3 things you need to decide on.

First, how long does the answer need to be? If it’s really short, you might be able to answer it all in your social media post (depending on the platform).

If it’s on the long side, a blog post is going to be a better choice, and you can just link to the full answer in your social media post.

Second, you need to decide what format is best for the answer.

Some questions are best answered as regular blog posts, while others are better answered as infographics or videos.

My general rule is that if your audience needs to see the answer in action (like how to assemble a shelf), videos are the best.

If they need to see many parts of the answer at the same time (like the steps to baking a cake), an infographic is the best.

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Often, there might be more than one type of content that makes sense. Feel free to make more than one to give your audience more choice.

Finally, the third thing you need to decide is how you will actually present the question and answer on social media.

I suggest keeping this as simple as possible.

Copy the question just as you found it on Quora in the words that your audience used.

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Then, if you have the space, provide a little teaser that describes your answer and adds a bit of curiosity.

2. Use the endowment effect to get raving fans

Would you trade your current car for one that’s worth a few thousand more?

Even though that’s a great trade from a financial point of view, most people wouldn’t.

And it’s because of the endowment effect. We get attached to the things we own and subsequently put more value on them.

There’s a great study that clarifies this effect. Here’s what the researchers did:

They gave some study participants a mug. Then, they asked those subjects if they would be willing to trade their original item for an equally valued pen or sell it to one of the other participants.

And the results were fascinating.

If the endowment effect didn’t exist, the people who were originally given the mug would have said that they would sell it for roughly the same amount that people were willing to pay for it.

However, none of the subjects given a mug traded it for the pen even though it was worth the same amount.

In addition, when they named the price that they’d be willing to sell it for, it was twice as high as what the other subjects were willing to pay for it.

In practical terms, the subjects of the experiment got attached to the mug once they owned it.

And you can use the endowment effect in many areas of your business, including social media.

Applying the endowment effect to your business: The most obvious place to use the endowment effect in your business is to give your customers a sample before asking them to buy. You see this all the time in stores.

For example, Buffer has a full 30-day free trial, and not even a credit card is required:

image12

As those new signups become invested in the platform, they’ll put a high value on having their own account.

When the 30 days are up, most of them will value the account high enough that the $10, or whatever Buffer is asking for, will seem minuscule.

However, if they were asked for the money upfront, most people would hesitate when considering the cost.

This is probably the hardest principle to apply directly to social media.

The best way to implement it, from what I’ve seen, is to link to content, but not the full version of it.

For example, Bryan Dean posted a link to his skyscraper technique case study on Facebook:

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The post contains a ton of value, and readers get attached to having the technique in their arsenal.

However, even after reading the case study, some readers could use a bit more help, like a checklist of the steps. Bryan offers this as a content upgrade:

image14

Readers need to give their email addresses in order to get access to the checklist.

Since they already know that the first part of the content was great, they’ll want the last part as well and will be more than happy to put in their email addresses.

3. A simple principle behind most engagement: reciprocity

Society only functions because we all adhere to some basic rules.

One of these rules, or “norms,” is the rule of reciprocity.

This was one of the 6 factors of influence that Cialdini found in his decades of research.

I can say with certainty that you’ve been enacting this norm many times in your life. It is seen in all cultures, regardless of the language, location, religion, etc.

Here is what the norm entails:

When someone is given something by someone else, they will try to return the favor.

Typically, the favor will be about the same size as the initial gift. If you lend someone money for ice cream, they will be inclined to lend you money for something like a drink later on.

Conversely, if you fly across the country to help someone in a time of crisis, they will basically do anything for you if you ask them.

This principle has been studied many times and proven to be true.

Back in 2002, researchers studied whether waiters could make more money through tips if they took advantage of this principle.

So, the waiters in one experimental group were told to give their diners an after-dinner mint. Tips went up 3%.

Not bad.

Then, another group was told to pause before giving them the mints, look at the customer, and tell them the mint was specifically for them. Tips went up 20%.

Woah. What just happened?

There are a few things to note. First, you don’t have to ask for a favor in return. The diners, in all cases, tipped extra without being asked.

The second thing is that it was important to make sure that the diners knew that the waiter was doing something nice for them. If they thought after-dinner mints were standard and expected, there isn’t much for them to have to give back for.

So, when you do something nice for someone, make sure they know that you put some thought and effort into it.

Think of your blog posts. You put tons of effort into them just to give them away, and then people spend 10 seconds skimming through one and moving on to the next one. I spend 5-10 hours on each post, and I still get people complaining about the content I’m giving away.

It’s nuts! Of course, only some readers don’t understand the effort that goes into creating content, but that’s why it’s important to try to make them aware of it.

Once they are aware of it, the reciprocity principle kicks into effect, and they return the favor by giving you more of their attention.

How to put the reciprocity principle to good use: Like most of these principles, you can use reciprocity in many areas of your business.

The main way you can use this principle on social media is to help you connect with influencers. You can share their posts on social media and also let them know that you’ve mentioned them in one of your own posts:

image05

When you feature someone in a post, you do them a favor.

Following the reciprocity principle, this means they are more likely to do something for you in return.

The important thing to keep in mind is that a share or a mention is worth different amounts to different people.

If someone mentions me in an article they wrote, it’s nice (and flattering), but it’s unlikely to have any significant impact on my business.

For the medium sized blogger who gets fewer than 50 shares on all their posts, it’s a much bigger deal.

What this means for you is that you’ll need to share several posts by a popular influencer to build up any significant good will. Then, they will likely repay that by either sharing something you created or taking the time to open and read an email you send them.

Of course, you also need to create your own great content, or there’s no way they can return the favor.

4. Ask for a favor to capitalize on the Ben Franklin effect

What if I gave you some money?

Then, what if I asked you to give it back?

It’s normal to assume that you’d be pretty neutral about me and the whole thing. But in fact, that’s not true.

To study this effect, researchers Jim Jecker and David Landy split subjects into three different groups. They gave everyone some money upfront. But then they asked the people in each group different things:

  1. In the first group, they asked the subjects if they’d give the money back to the scientist who initially gave it to them
  2. In the second group, they asked the subjects if they’d give it back (not to the scientist in particular)
  3. In the third group, they didn’t ask for it back.

Then, the researchers gave participants a quick questionnaire to fill out. The most important part of this questionnaire was the part where they were asked to score how much they liked the scientist (who gave them the money).

Surprisingly, the group who got to keep the money gave the scientist the lowest likability score. The guy gives them free money, and they still don’t like him!

Conversely, the group that was asked to give the money back to the scientist (most of them did), gave the scientist the highest likability score.

Introducing the Ben Franklin effect.

The Ben Franklin effect explains how people justify their actions.

In the case of this experiment, the people who simply received the money rationalized that they deserved it.

The group that actually gave the money back to the scientist did a favor for him. They rationalized this by thinking that the only way they’d do this is if they liked him.

In short: Doing a favor for someone else will make you like them more. You feel that you must like them if you did something for them and got nothing in return.

Whom should you ask for favors? You can certainly ask other influencers to share your posts and content. If they do it out of kindness (or because your post is amazing), they’ll instantly like you more. This can lead to a mutually beneficial relationship where you both share each other’s content.

But the more interesting application to me is to ask your followers for favors.

Don’t be afraid to ask readers to help you by contributing stories, commenting, or sharing your content.

No, not all of them will, but the ones who do will think of you more favorably each time they do it. You will see that readers who were hesitant to do you a small favor at first are willing to do huge favors for you after a while.

Here’s an example of Marie Forleo asking her followers to contribute silly stories for a piece of content she was working on.

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She does things from time to time, and her followers love to help out (notice the 150 likes). There were several comments on this post with stories that she could use.

One final note: Remember the reciprocity rule. If your follower does you a favor, that’s great. However, you probably want to give them something back. Most commonly, just a public thank you or a mention in a post is a great gesture.

The key is not to offer the reward in the first place. If you do, your readers will rationalize that they only helped you out to get it, not because they like you. Keep the reward as a surprise for after.

5. Reposting content lends well to the “mere exposure theory”

The more you are exposed to something, the more you like it.

At least that’s what the mere exposure theory describes.

We don’t fully understand why or how it works, but studies have shown that this is true in most cases.

For example, in his study, Robert Zajonc showed Chinese characters to subjects who could not read or speak Chinese.

The fun part is that he showed some characters more than others, anywhere from one time to 25 times.

The results were clear: the more someone was exposed to a certain character, the more of a positive meaning they gave it.

This is probably partially why most people like themselves so much. After all, you’re stuck with yourself 24 hours a day.

The mere exposure theory and social media: There are two ways in which you can apply this theory to your marketing on social media to make it more effective.

Most importantly, post on a regular basis. I post at least once a day on almost all of my social media accounts:

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Post as often as you can without being annoying to your followers. The more you can expose your brand and content to a follower, the better.

The second way you can use this theory is to share things multiple times.

This calendar by Buffer shows that they share a single post several times after they publish it.

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This will expose your followers to your content more often, adding to the effect.

Have you ever felt unsure whether you liked a movie after watching it for the first time? And after watching it again you absolutely loved it?

It happens all the time.

And not just with movies but with content as well.

Sometimes, a reader doesn’t love your content for a variety of reasons at first, but as they come back to it over time, they like it more and more.

6. Social proof and social networking should go hand in hand

Social proof has been proven to improve conversion rates in a wide variety of situations.

We’re typically talking about sales when it comes to social proof, but it can apply to social media marketing as well.

There are many types of social proof, but we’re interested in one in particular—user social proof:

User social proof consists of approval/positivity from current users of something.

On e-commerce sites such as Amazon, this means reviews and ratings. On other sites, this might mean case studies.

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The effect is as expected.

The more positive social proof a product has, the better it looks to potential customers.

We relate to other users and expect to have a similar experience with the product or service we are considering that they had.

How social proof affects your social media marketing: Social proof is the sole reason why pages buy fake followers. They know that if real users see that they have thousands of followers, they will be more likely to follow them as well.

I don’t recommend doing that for a number of reasons.

However, it illustrates that social media users look at what other users are doing.

If tons of people like or share a post, they are much more likely to do it themselves. You can see this all the time in action when a post is trending (“going viral”).

The practical takeaway is that when you publish a post on social media, do whatever you can to get those first few “likes” or shares.

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It may take messaging some friends or emailing your biggest fans or your peers. But get that initial traction as soon as possible, and the rest of your followers will be more likely to engage with your posts.

If you have employees, ask them to engage with every post as it’s published, at least until you build a larger following.

7. Long term engagement can be secured using the “propinquity effect”

The final principle explains how people become friends.

As you might have guessed, propinquity is related to “proximity.”

And what the effect states is that the closer you are to someone, the more likely you are to like them. For example, tenants who live on the same floor will typically have closer friendships with each other than with the tenants who live on a different floor.

You might have also noticed that the propinquity effect is related to the mere exposure effect, which we looked at earlier. The more you see someone, the more likely you are to feel positively about them.

However, there’s one other factor to the propinquity effect: similarity.

The more similarities you share and the closer you are, the faster and more you will like someone.

Propinquity and social media explained: To continue with the experiment, you want to live as close to your followers as possible. This extends past social media to all other channels of communication with your audience.

Ideally, send them emails on a regular basis. On Quick Sprout alone, I send 3 emails a week to subscribers. If readers want more and also subscribe to the NeilPatel.com blog, they get another 3-4.

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It allows me to be in their lives on a regular basis.

But the same applies to social media as well. I post multiple times a day on Twitter and usually Facebook too.

Example post 1:

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Example post 2:

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The idea is that the more readers see me, the more they will like me.

Did you notice that I left out one detail? If so, that’s a very good catch.

For the propinquity effect to be as effective as possible, those posts and emails also need to be about something that we have in common.

But this is pretty simple for businesses. As long as you are talking about content, events, or products in your niche that your audience likes, you immediately have that required level of relevance.

Then, you just need the frequency to take effect, and you’ll be set.

Conclusion

Psychology and marketing go hand in hand. If you can understand how your target audience thinks, you can figure out the best ways to engage them and the best ways to present your content and products.

I think it’s important to understand how psychology affects every aspect of your marketing, and that’s why I focused on one—social media—in this post.

I’ve shown you seven psychological principles that you can use to improve your marketing in general. However, I’ve also shown you specific ways in which you can apply them to your social media marketing for instant improvement.

Ideally, spend 20-30 minutes going through each principle and thinking about how it applies to your specific business, audience, and marketing plan.

If you have any questions while you do this (I expect you will), I’ll be glad to help. Just leave me a comment below with your questions or comments.

Tuesday, December 29, 2015

Solar Panels A Safe Investment Option

Green energy sources are more sustainable energy production resources. These renewable energy sources can be used several times and do not cause environmental pollution. These are not very expensive. On the other hand, non-renewable energy sources can not be renewed. At the current rate of consumption, the future generation will be under the threat of energy. While green energy sources such as solar energy should be used to meet energy demands.

One of the main dangers of using fossil fuels such as coal oil and natural gas is dramatically affects nature. Carbon emissions through the use of fossil fuels causes global warming and many other health risks. Vehicles and households contribute to global warming. Over the years, people have realized the harmful effects of using them and they are slowly changing to other energy sources that are friendly to the environment. Other sources, solar energy is becoming increasingly popular because it has many positive factors. The sun’s energy is used to generate power here. Solar panels are used to exploit the sunlight, which is converted into other forms. This is also the best method to get rid of electricity bills as the power to homes and commercial organizations can be recovered by the solar panels. People slowly recognize the many benefits of using this technology and make investments in solar panels to produce energy.

Usually, a lot of energy for heating and cooling in the summer and winter use. The use of solar panels for heating, a lot of power and money can be saved. The use of this alternative energy, you help the environment welfares. Green energy sources can also be used for lighting and running appliances. The only drawback is that solar panels can not be used when sufficient sunlight is not available. However, if the sunlight received during the day can be stored in solar cells and can be used at night to power generation. Most people have a misconception that these panels are very expensive and difficult to install. Installing solar panels is not a difficult task if the right help is requested. In addition, the installation cost is not very high in relation to future prospects. Considering all these factors, the investment in solar panels is a good investment to make.

The Best Resources for Account-Based Marketing

I’ve spent the past few weeks discussing account-based marketing (ABM), a powerful but under-implemented strategy. My first post covers the history of account-based marketing, from the “Mad Men” days of the 1950s to today. My second post reviews the reasons B2B firms should implement account-based marketing.

Of course, understanding why you should implement account-based marketing and actually doing it are two different things. Knowing how to implement the right technology stack is essential to unlocking the true power of ABM. For the final post in this series, I’ll go over the best resources for setting up account-based marketing.

What’s ABM, again?

Let’s quickly review the definition of ABM:

  • Account-based marketing focuses marketing and sales resources on a defined set of targeted accounts, where personalized campaigns are tailored to each account.

Now that we understand what account-based marketing is, the next step is incorporating the right technology. Many times firms adopt technology without understanding its real purpose, sometimes without any real marketing strategy. Before you fall into the same trap, you need to take a hard look at the health of your Marketing and Sales departments.

Understanding Your Experience with Technology and Training

Every marketing firm is different. From client experience to employee expertise, your firm is going to have unique resources and know-how. While this might include SaaS, you have to be willing to admit when you aren’t ready for new tech.

Is your staff experienced enough with SaaS solutions to adapt to new systems and processes? Do they have good habits in place with existing SaaS solutions, like LinkedIn Business? Have you introduced new systems in the past?

After answering these questions, you’ll be able to realistically determine what you’ll need for ABM. Asking yourself the hard questions will help you determine the right resources and training for your team’s success.

Make Sure Marketing and Sales Speak the Same Language

No matter the firm, Marketing and Sales should be on the same page. Marketing and sales alignment is necessary for marketing to ensure their campaigns align with the needs of prospects identified by sales, and for sales to make sure they’re selling the right stuff to the right contacts. Both departments need to have the same success metrics, otherwise efforts from one could be counter-productive for the other.

Implementing a technology stack makes this relationship more important than ever. Solutions are built to streamline processes such as updating lead and contact information and streamlining campaigns, so the more you have your ducks in a row, the better. (And let’s not forget the cost of purchasing new SaaS.) As with any investment, you need to make sure you’re getting the most value you can.

Understand the Purpose of Your Technology Stack

It’s not uncommon for many companies, big and small, to jump on new technology. The enthusiasm is great—the fallout, not so much. Many Marketing departments don’t have a clear purpose or strategy for incorporating their chosen technology into their existing sales and marketing pipeline.

Before adding a tool to your technology stack, ask yourself what value it will add to your sales and marketing efforts. Do you want to use ABM because of its laser focus on lead generation and management? Are you looking for automations tools to help with campaigns? Many account-based marketing solution companies offer more than one product. Knowing what you need will help you and your potential provider find your ideal solution.

Identify Tools to Help Achieve Your Strategy

Finally, we’ve arrived at the most important question: What should you look for in an ABM solution? Some important features may include:

Action-Oriented Insights

Any ABM solution can slice and dice data into metrics and charts. However, these insights are useless if you can’t create actionable plans from them. Solid account-based marketing programs will provide straightforward metrics that you can readily understand and use effectively. Ideally, the system will also offer flexibility for you to create customized drill-down reports as you become familiar with your particular needs.

Lead and Contact Data Automation

The very objective of having an ABM stack is to reduce time-consuming tasks so you can focus on engaging your targeted segment. Good ABM solutions will help manage contact and lead information, such as automatically updating contact information or mapping new contacts into the appropriate accounts.

Reliable Support and Services

Just as your firm focuses on marketing and tailoring your services to your customers, your ABM provider should offer reliable real-time support. While this includes a traditional help desk, some firms go so far as to provide consultant services and host educational events.

Integration with Existing Solutions

We’ve already mentioned that account-based marketing requires constant communication with sales. ABM tools that integrate with existing solutions like Salesforce and marketing automation solutions like Marketo will keep your teams running smoothly.

ABM Technology to Add to Your Stack

Now that you understand what to look for in an account-based marketing system, I’m sure you’re wondering where to even begin looking for the solution that’s best for you. Fortunately, there aren’t too many out there right now:

  • Engagio – Though new to the ABM scene, Engagio delivers reliable automation and analytics no matter the size of your target segment. This solution connects to your existing Salesforce and Marketo accounts and your website to keep track of leads, marketing programs and site visitors. The utilization of metrics such as “engagement minutes,” allow for a more straightforward way of tracking lead interest.
  • LeanData – This California-based company delivers two ABM products. Sales Accelerator focuses on lead management, including automated lead conversions and contact owner assignments. Demand Management focuses on account-based reporting and nurturing, ensuring you have the proper data to adjust campaigns and properly target leads.
  • DemandBase – DemandBase offers a full suite of solutions, called the Marketing Cloud, to help teams streamline every step of the marketing process. Solutions include advertising, personalized site experiences and account-based measurements. DemandBase also provides consulting services by experts that will help create a marketing plan that’s best for you.

Before You Hit “Start”

Finally, we come to the $6 billion question: Is it time for you to implement account-based marketing? To review, here’s what’s on the table:

  • The opportunity to target “whale” accounts with tailored marketing campaigns.
  • The power to engage contacts and create organic referrals within accounts.
  • The confidence to sell more than ever before once you’ve set up your stack and hired in the right talent.

Like I’ve said before, ABM really is a no-brainer. But you have to be prepared.

Jumping the gun and setting up an ABM stack the wrong way will just make life harder for Marketing and Sales. Take the time to review your existing solutions and align your firepower with your targets. ABM will help you get where you want to go, but you need to be facing the right direction, first.

About the Author: Alp Mimaroglu is a Marketing Luminary. He specializes in marketing automation, demand generation, analytics, and marketing technology. Alp has extensive experience with both business and consumer marketing. He’s passionate about how technology is rapidly becoming the key to success in both the corporate sales and marketing landscapes. Follow Alp on LinkedIn and Twitter.

Monday, December 28, 2015

What Size Solar Panels Do You Need?

Solar panels come in different sizes. And when it comes to sizes, usually we refer to the wattage of a panel can produce, or physical size. Both are linked because the watt panel can produce, the bigger.

Decide on the size of your solar system depends on two factors: the amount of electricity used his house, and the money they are willing to invest in the solar system. Solar systems can be very expensive, and even if they pay for themselves over time, buying all panels to power an entire house can be financially out of reach for many families.

The average size of a solar system

Just to give an idea, an average solar panel can produce about 150w. 150w a group of about 1 square foot size. So you should always keep in mind is the fact that the panel can produce as much energy as perfect on sunny days, when the sun falls directly on it. Therefore, the panel will produce 150 watts only 3-4 hours a day (when the sun is brighter) depending on the isolation of the area where you live.

The size of a solar system is calculated in kWp, an abbreviation for kilowatt peak. A 1.5 kWp system can generate 1500 watts of sunshine. This system consists of 10 solar panels 150w and each occupies 10 square feet of roof space. 1500 Wp solar system can not provide all the energy needed for an average household, but it would do a decent job of providing it.

This is just an example and may not apply to you. Unfortunately, a typical house uses a lot of energy, and if you want to provide all the power with the help of a solar system, you would have to pay thousands of dollars on it. It would be best to find a compromise solution that alleviates at least some of the energy needs of your home.

If a solar system which gives all the energy needs of your home is too big, and you have or not have enough space or enough money to pay, there are some solutions you can try. One would be to reduce their energy consumption. You can also buy energy efficient appliances for your home. Another idea would be to buy solar panels one at a time, when you have money. Other financial solutions are also available, such as green tax rebates and incentives, so that would be a good idea to find out about those in force in your state.

7 Ways to Use Cognitive Biases to Increase Email Signups

Are all of the decisions you make rational?

You’d like to say yes, but I’ll let you in on a secret: none of us make rational decisions 100% of the time. As human beings, we are not perfect in the way we act or in the way we think. As such, from time to time we make suboptimal decisions that we are unaware of! Our brain finds a way to stray away from rational thinking, and instead acts on cognitive biases as a result of trying to simplify information.

The existence of cognitive biases is not something you and I can change. What we can do is use these cognitive biases to increase email signups and the conversion rates of your sign up forms.

I don’t want to keep you waiting longer, so without further ado, here are seven cognitive biases that can be countered to help you hack your email signups.

1. Loss Aversion

This cognitive bias refers to the excess influence that the fear of losing out on something has over the positive effect of gaining something. According to Amos Tversky and Daniel Kahneman (the first ones demonstrate the effect), the pain from losing ‘X’ is greater than the joy of gaining ‘X’.

Regardless of whether or not you actually sell a product/service, or just blog, this irrational way of thinking can be attacked to help you grow your email lists.

Bounce Exchange puts this bias to work by simply asking visitors if they are okay with losing out on revenue. The overlay does not directly ask the visitor if they want to monetize their traffic, rather points to the loss, and uses that as a trigger to persuade.

Bounce-Exchange-lets-do-this

Use of loss aversion

In order to combat the loss aversion that visitors may have, you need to rewrite your copy to reflect the loss that visitors will encounter if they do not opt-in to your offer. If you convey a message to visitors that they are losing out on more leads and revenue you’ll strike fear and urgency in the visitor. When you are able to create a sense of urgency, your conversion rates are sure to increase. So let’s take a look at how to do that with the Framing Effect.

2. Framing Effect

The framing effect is an irrational way of thinking, in which people react to one offer, presented in different forms – depending on the light in which the choice is presented – in completely different ways.

The bottom line, in this case: people tend to avoid risk when a positive frame is presented but seek risks when a negative frame is presented.

Let’s go back to that last example.

“Do you want to convert your bounce traffic into revenue?” The question is asked in a positive frame; they don’t come out and state a risk rather they point to a benefit. As such, the large majority of the visitors will look to avoid risk, leading them to select, “Yes, let’s do this.”

3. Bandwagon Effect

The bandwagon effect is in essence the same thing as ‘social proof’. The bandwagon effect is what leads to an increase in the acceptance rate of ideas and trends based solely on an increase of acceptance by others.

Tapping into social proof is the best way to combat the bandwagon effect. When someone sees that either a large group of colleagues has bought in or a group of well-known influencers has joined the deal too, the visitor is likely to sign up for what you are offering.

The following is a partial view of the homepage of the 4 Hour Work Week. Aside from properly using the call to action, ‘Start Here’, the site also makes terrific use of all the site’s real estate. The two longer testimonials are placed to the right, while three shorter, and very well known publications are placed to the left. Coincidence? No, it’s capitalizing on the F-Pattern that ensures social proof is noticed.

4-Hour-Work-Week-homepage-email-signup

Using social proof to hack email signups

Anyone doubting the benefits of GrowthHackers is instantly convinced otherwise. Not only do they mention the quantity, but they also mention the quality.

growth-hackers-email-signup

Social proof to increase email signups

Whether or not they were going to join before, the tide has turned to a point that not signing up seems almost inconceivable.

4. Commitment Heuristic

“Don’t be a quitter” is a statement that all of us have probably heard from others or something we tell ourselves. The commitment heuristic causes us to believe that since we’ve already invested in a decision or a certain project, we should continue to do so.

At the last startup I worked at I fell victim to the commitment heuristic. I worked at the same startup for almost three years, even though I could tell after a year and a half that it was going nowhere. Why did I stay? I did not want to be a quitter. I told myself that I had to stay the course as I had already invested time and energy into it.

When it comes to lead generation, your business should capitalize on this mindset. Here’s an example from Neil Patel from his website Quick Sprout. He knows that the majority of his visitors create content. He also knows that what they need is for their content to be “king”.

The phrase “better content” makes perfect sense. Pointing out to potential leads that they can take their game to the next level – whatever that might be – is a great tactic to implement in order to use this cognitive bias to increase email signups.

quicksprout-email-signup

Getting the visitor to strive for improvement

5. Anchoring Effect

The anchoring effect is in essence our mind taking in a first piece of information and attaching to it too much weight when we then make a decision later on. That first piece of information is acting as an anchor (our brain is at a standstill).

The most common use of the anchoring effect for business growth is in sales. As pointed out by Neil Patel in an earlier Kissmetrics post on psychological tips that improve product pricing, “For example, if someone mentions “$300” in regards to a SaaS product that you are considering buying, then your mind is anchored by that number. Thus, when you see the true price — $30 — then you might think “Wow! That’s a great price!” Why? Because you were thinking $300 before”.

This idea however can also be implemented to increase email signups. For example, let’s say you sell a digital product. Either on the page that the visitor is on, or one he/she was directed from, the product was advertised for $59.99. Once the person has seen that price, this is the “anchor”. To convert the visitor into a lead, you offer the same product for $45.99 (for example) in exchange for subscribing to your newsletter.

Here’s an example from dapulse. You’ve got your standard pricing tables. No big deal.

DaPulse-Pricing

Acts as an anchor

The goal is for every visitor to pick a plan. That however won’t happen. After seeing the above prices, the visitor continues to scroll down, and here is where DaPulse makes use of anchoring to instantly generate new leads.

DaPulse

The visitor came to their site knowing that he/she was looking to improve their project management process. The highlighted “Standard” plan acts as an anchor for this free offer, enabling the company to maximize email signups.

6. Confirmation Bias

The confirmation bias is, in short, one’s fear of new information, and thus leaning on current views to make decisions. Technically speaking, this is our tendency to search for or interpret information in a way that confirms our current train of thought instead of trying to see if our current belief is correct or not.

Here’s a relevant example for our daily life: If you’re convinced that caffeine makes you more alert, you’re going to feel more alert when you take in caffeinated beverages —and you won’t when you are given anything else.

Like the other cognitive biases, in this case too, you can capitalize on this type of thinking in order to increase email signups by assuring the visitor that their current beliefs are correct. Singing up to your newsletter will only strengthen that belief.

Case in point, Groove. In the “Startup Journey” blog, the text refers to their success and uses it as a selling point to other entrepreneurs. The takeaway for me (someone that is subscribed to their blog) is that they are hitting these results. If we join them for lessons, we’ll be able to do that too. There is no need for me to go elsewhere.

groove-blog-email-signup

Using the confirmation bias

Whether or not what they experience becomes reality for me and others is another story. The same goes for that third cup of coffee – that caffeine may or may not be kicking in (though you think it is).

7. Belief Bias

Have you ever come across an offer and skipped on opting in because it sounded “too good to be true”. Even if the offer is the exact same thing you are a promoting, an offer that gives off a vibe of being too good to be true won’t convert at as a high of a rate as you would have expected.

In order to capitalize on this bias, the email signup form that you are using must focus on showing visitors the overall result that the product or newsletter will have on them. Don’t promise anything or zoom in on the benefits, rather relay the realistic results of its use to the visitor (like in this example).

Here are two overlays from Cloudways, one older and one that was in action recently. I don’t have results for either campaign, but odds are that overlay number two was much more successful because it’s more realistic (sorry, don’t completely buy the “double” aspect).

Cloudways-Big-Sale

Too good to be true

Cloudways-Black-Friday

Believable offer

I’d like to think that I am rational, but this is one example in which I would have skipped a great offer because it was “too good to be true”.

Time to Implement

The different psychological tactics and strategies that we can implement are endless. In working on this post I was blown away by all the different biases and irrational ways of thinking that cloud our minds on a daily basis.

We are an imperfect breed and now it is your time to pick out one of these cognitive biases to capitalize on in order to grow your business. I’m curious, which one will you be choosing?

About the Author: Ty is a digital marketing enthusiast that can’t get enough social media marketing and content marketing. He is the inbound marketing manager at StoreYa where he spends his days searching for the newest social marketing scoop and creating amazingly awesome content. If you’d like to chat with him, feel free to connect with him on Twitter or LinkedIn.