TLDR Marketing

TLDR MARKETING 2024-03-15

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02STRATEGIES & TACTICS

USE THE ENDOWMENT EFFECT TO INCREASE PERCEIVED VALUE

The endowment effect is when people irrationally overvalue things once they have a sense of ownership over them. Potential customers will value your product more if you can give them the feeling that they own it. Free trials and test drives make customers feel this way even though they haven’t bought anything. A money-back guarantee allows people to truly own something with minimal risk. Giveaways make the customer used to the paid experience. Using “you” or “your” in copywriting subtly makes the reader feel more ownership.

writeon.beehiiv.com3 min read

HOW TO WRITE BETTER CAPTIONS

This interview with marketers from a renowned copywriting agency discusses strategies for crafting compelling social media captions. The interviewees stress the significance of authenticity, clarity, and relatability in engaging audiences and building brand credibility. Brands can create more impactful and memorable content by focusing on genuine communication and avoiding overly sales-oriented or artificial language.

milkkarten.net5 min read

03RESOURCES & TOOLS

YAHOO NEWS IS LAUNCHING A CREATORS PROGRAM TO PUBLISH LIFESTYLE CONTENT

Yahoo is testing a new creator program that will allow certain writers to publish and monetize stories under the Yahoo News brand. The draw to creators is the chance to expand their audience bases while earning ad and affiliate revenue. 21 creators have been invited to join the platform’s beta test. Yahoo plans to expand its creator network into the hundreds over the next couple of months.

fastcompany.com4 min read

TIKTOK ADDS SEARCH INSIGHTS TO BETTER INFORM CONTENT STRATEGIES

Creator Search Insights, a new analytics element on TikTok, gives creators insight into topics people are searching for on TikTok. Creators can see which topics are most popular based on a popularity score or the Recommended Topic label next to the search term. TikTok is also building “search value” into its Creator Rewards Program calculations, enabling creators to increase their payouts by uploading videos that align with search trends.

socialmediatoday.com2 min read

04MISCELLANEOUS

WHY VISITORS ABANDON BECAUSE THEY DON’T UNDERSTAND WHAT THEY’LL GET

The three most common problems with value propositions are failing to make it clear what the product or service does, forgetting to mention valuable benefits, and neglecting to tell your prospect what will happen if they buy. Always use plain and clear language to describe value propositions, particularly for complex products or services. Ensure that all elements of value are listed on websites so visitors understand the full benefits. Make the post-sale experience clear so users know what to expect - this can be achieved with a future-pacing flowchart.

conversion-rate-experts.com8 min read

HOW FUSING OPPOSITES CREATES VALUE FOR BRANDS

Both-ism is a cultural phenomenon where contradictory elements coexist harmoniously, influencing trends in commerce, technology, and social dynamics. Some examples include omni-commerce fusing digital and brick-and-mortar, 'worcation' or 'bleisure', and alcohol-free spirits for mocktails. Brands can offer innovative solutions and offer novel experiences by embracing both sides of a dichotomy.

brandingstrategyinsider.com4 min read

CORPORATE BUDGET HACKS: HOW TO FIND MORE MONEY

This piece contains budgeting hacks and budget management tips from a CMO’s perspective. Always budget for holdbacks and headcount holdbacks, but do not name it a “slush fund” or “extra headcount” as finance teams may eliminate them. Plan for a “grab bag” for great ideas that aren’t in the budget but that could be activated quickly if budget becomes available. This post also includes a template for what a summary budget page should cover — plan, actuals, forecast, left to spend, YoY increases, and more.

carilu.com5 min read