Buy Now, Pay Later: Does BNPL Strategy Work for Businesses?

Currently,Twitter is ranked at the 6th positionamong the most popular apps in the world. Twitter receives a massive amount of engagement, it receives almost500 million tweets per day!Digital marketers believe Twitter is a great place to build a community of customers and an excellent social media platform to market products. --> Source:Pexels--> Twitter advertising revenue went up to $899 million in the first quarter of 2021. That means it saw an enormous 32% hike in advertising revenue when compared to the previous year.According to Statista, as of April 2021, Twitter had 199 million daily active users. As per the statistics released by Twitter in the first quarter of 2021, the totalTwitter ad engagements also went up by 11% within a year.Hence, it is quite obvious why brands and businesses are so keen to market their products on this specific social media website. Here are some of the key benefits of using Twitter as a tool for marketing and driving traffic in 2021. 1. Connect directly via direct messaging Just like several other social media platforms, even Twitter has the provision of reaching out to accounts via private conversations. Two users can hold private discussions over Twitter like any other social media app. The only requirement to enable dialogue between two accounts is that they must follow each other. Due to this feature, marketers felt Twitter isn’t a great place to come in touch with celebrities or influencers. However, they think it’s a perfect place to engage customers and provide them with an authentic and personalized experience. Source:Pexels 2. Use engagement tags. The best way to deliver your tweets to a particular customer or an individual user on Twitter is by using the “@” feature. In this way, your tweet reaches directly to the recipient. Many businesses use the features to quote another brand, artist, influencer, etc., during a collaboration. Another great advantage of the “@” feature is that it allows users to receive tweets from people they might not even follow. The branched algorithm of Twitter enables users to witness tweets from multiple other users depending upon how their followers engage with other accounts. The network algorithm also allows the user to see similar types of content that they usually engage with. With such a feature, you can club your Twitter marketing services and end up getting a tremendous amount of engagement and reach. 3. You Can Post Multiple Times A Day! Unlike other social media platforms, Twitter is pretty friendly with brands and businesses posting a thread of tweets. Almost every Twitter Marketing Service Agency will recommend you to post fifteen tweets a day. Such freedom over the number of posts isn’t there on Instagram or Facebook. Since tweets feature for a short interval, Twitter’s algorithm is fine with multiple tweets. It keeps the continuous feed engaging and allows you to send regular updates. In this way, your brand or business can stay relevant among the audiences. Marketers that provide Twitter Marketing Services use this feature as an opportunity to create a mixed variety of content. The most successful Twitter marketers use Tweets to educate audiences about a specific product or service; they post images, polls, QnAs, etc., that keeps the consumers engaged. 4. Develop A Consistent Brand Voice With a flexible posting schedule, Twitter is a social media platform that can help your brand build its voice and personality. The tonality and texture of your tweets depend upon the kind of brand or business you own. The brands that sell pop-culture merchandise will have a sassy, more casual tone, whereas firms that deal with stocks or bonds shall use a more informative and formal style. Several fast-food companies have done campaigns that attract the youth; they talk about music, lifestyle, and more pop-culture stuff. Many media entertainment or production houses use a sarcastic tone to keep their audiences engaged daily. Humor is one of the most popular elements that businesses use to keep their audience hooked. With a consistent and unique brand voice, you can interact with potential customers who share your existing clients’ same interests. However, as a public brand or business, you must take care of old and problematic tweets as they can cause some severe backlash. Otherwise, you can use Twitter to display the kind of energy your brand radiates. 5. Twitter Advertising Is Cost-Effective So many companies are now looking for Twitter marketing services because advertising via Twitter is cheaper and more effective than many social media platforms. Most ads on Twitter cost a business something over a dollar! However, Twitter provides excellent scope for optimization. A Twitter Marketing Service Agency can help you create campaignsthat can maximize the impact of your ad. For that, you need to hire a team or a marketer who knows how to spend wisely and uses data-driven strategies to target your ads. You can perform A/B testing with your campaigns and customize them as per your preference. When it comes to optimization, Twitter is incredibly user-friendly! Source:Pexels 6. Influencer Marketing In today’s modern world, no one can underestimate the power of influencer marketing. Celebrities on Twitter are known for their trendy tweets, and they have a lot of engagement. Many marketers have created phenomenal influencer Marketing campaigns that have yielded a higher return on ad spend. However, there are too many influencers on Instagram, due to which there are too many products! Hence, you need to have a much fresher approach to influencer Marketing as Twitter has an enormous amount of potential to scale businesses. Twitter is also famous for having a high-purchase intent audience. Therefore, when consumers come across their favorite celebrity and an advertised product, they are more likely to purchase it. 7. Twitter Can Help You Drive Traffic To Your Website Nowadays, social media platforms act as a homepage for businesses. As we discussed above, Twitter is the perfect place to develop a unique voice for your brand. Many users visit and follow the Twitter accounts of their favorite brand. If they get to see a well-optimized Twitter profile of the brand, they are more likely to become your brand advocates. Many brands and businesses use Twitter as a medium to send traffic to their website. They also link their Twitter accounts on their website. In this way, when a consumer visits a website and finds a Twitter handle, they quickly check that out. If the brand can maintain a consistent identity across all channels, it helps them create their unique brand voice. Now you know the reason behind Twitter Marketing Services being so popular. If customers get to a well-optimized Twitter account, they are more likely to become your brand advocates. Due to this reason, several brands and businesses rely on Twitter Marketing. Twitter also provides some fantastic metrics and native analytics within the platform, such as demographics, lifestyle, behavior, and mobile footprint. These metrics are pretty helpful to know if your marketer is planning to launch a campaign. ...

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A recent study revealed that the average marketing automation ROI is $5.44 for every dollar spent. Despite this, 28% of surveyed companies plan to use marketing automation in the next two years, and 13% do not. This indicates a significant gap between potential benefits and current usage, attributed to challenges such as a lack of training, complex process setup, and budget constraints. This guide will help you understand the marketing automation process and how to overcome challenges to maximize your business’s revenue and conversions. What is Marketing Automation? Marketing automation refers to using software to automate marketing tasks and processes. The marketing automation definition includes saving contact data, organizing contact databases, sending notifications and reminders, tracking campaign performance, and managing social media posts designed to streamline complex marketing activities for efficiency and effectiveness. How does marketing automation impact the customer journey and its workings? It allows consistent and efficient product marketing using valuable data to engage customers and drive conversions. With marketing automation tools, businesses can target customers with automated messages based on predefined workflows. These workflows can be pre-built templates, customized, or modified mid-campaign for faster results. Why Use Marketing Automation? Marketing automation platforms can do so much, but only a handful of marketers feel they are fully utilizing these tools. The primary reasons for this underutilization include lack of training, the complexity of process setup, and budget issues. A well-defined marketing automation strategy is crucial to utilize these tools and enhance efficiency. However, when implemented correctly, marketing automation can significantly enhance the efficiency of sales and marketing teams, allowing them to focus on strategic tasks and improve customer engagement. Want to reduce your CAC to half? Book a strategy call How to Simplify the Marketing Automation Process? Marketing automation involves a series of steps that enable software to streamline tasks. Choosing the right marketing automation solution is crucial to streamline lead management and handle lead filtering. Here’s a detailed breakdown of the marketing automation process: 1. Define Your Goals Identify what you want to achieve with marketing automation. Integrating marketing automation across the customer lifecycle is crucial for creating long-term relationships and tracking the customer journey. Common goals include lead generation, customer retention, upselling, and increasing conversions. Clear goals will help you select the right tools and measure success effectively. 2. Select the Right Marketing Automation Tools Choose a marketing automation platform that suits your business needs. Popular options include HubSpot, Marketo, Mailchimp, and EngageBay. These tools offer various features like email marketing, CRM integration, social media management, and analytics. 3. Create and Segment Your Database Collect and organize your customer data. Segment your audience based on demographics, behavior, purchase history, and engagement levels. This segmentation allows for more personalized and targeted marketing efforts. 4. Design the Customer Journey Map out the customer journey from awareness to purchase and beyond. Understanding marketing automation work is crucial as it involves utilizing the components, technology, and benefits of marketing automation to streamline and enhance your marketing efforts. Develop workflows for different customer segments and stages in the journey. For instance, using EngageBay, you can automate social media posts, email follow-ups, and personalized messages based on user interactions. 5. Develop Content and Campaigns Create personalized content that resonates with each segment. The marketing team can leverage automation tools to create personalized content and campaigns. Plan your campaigns, including email marketing, social media, and SMS. Automation tools can help you schedule and execute these campaigns efficiently. 6. Set Up Automated Workflows Configure your marketing automation platform to trigger actions based on customer behavior. For example, you can set up workflows to send welcome emails when a user signs up, follow-up messages after a purchase, or reminders for abandoned shopping carts. 7. Implement Lead Scoring Assign scores to leads based on their behavior and engagement. Prioritize leads for your sales team based on their readiness to purchase. This ensures that your sales team focuses on the most promising prospects. 8. Monitor and Analyze Performance Track key metrics like open rates, click-through rates, conversion rates, and ROI. Use analytics to understand what’s working and what needs improvement. Tools like EngageBay provide comprehensive reporting features to help you analyze campaign performance. 9. Optimize and refine Continuously test and optimize your campaigns for better performance. Use A/B testing to refine your messaging, timing, and offers. Regularly update your workflows based on insights and feedback. 10. Ensure Compliance Stay compliant with data protection regulations like GDPR and CCPA. Ensure your marketing automation processes respect user privacy and consent. This builds trust with your audience and avoids legal issues. Want to reduce your CAC to half? Book a strategy call Types of Marketing Automation Processes Marketing automation streamlines complex processes, allowing for more focused and efficient marketing strategies. Here are six core types: Email Marketing Automation: Enhances customer engagement by handling recurring email campaigns like welcome messages, programmed drip sequences, and timely follow-ups automatically. Social Media Marketing Automation: Streamlines digital presence by prescheduling content, automating post publication, and managing online interactions on multiple social platforms efficiently. Customer Relationship Management (CRM) Automation: Improves customer insights, seamlessly automating the data collection, storage, and detailed analysis of customer interactions and preferences. Customer Segmentation Automation: Boosts campaign relevance by dividing the customer base into specific groups based on distinct characteristics for finely-tailored marketing approaches. Analytics Automation: Simplifies data analysis by generating detailed automated reports evaluating the performance and effectiveness of various marketing campaigns. Advertising Automation: Optimizes ad management, enabling the scheduling, automatic posting, and diligent monitoring of advertisements across diverse digital platforms. Adopting these automation processes can transform how you connect with customers, making every interaction more impactful and data-driven. 4 Examples of Marketing Automation in Action Marketing automation makes things easier and smarter. Here’s how it works in the real world: 1. Loyalty and Reward Programs Brands can automate rewards based on customer actions, such as signing up, referring friends, or reviewing products. Points are automatically credited, enhancing customer engagement and retention. 2. Free Resources Companies generate leads by offering free resources in exchange for contact information. Automation platforms send thank you emails with download links and store the information for future marketing efforts. 3. Welcome Emails Automatically send welcome emails to new subscribers. These emails typically include a thank you note, a brief company introduction, and special offers to encourage purchases. 4. Newsletters Schedule and send regular newsletters to keep customers informed about new products, services, and industry trends. Newsletters can be customized based on customer segments for better engagement. Using these automation tricks can really change the game for your marketing, saving time and making customers happy. Benefits of Marketing Automation Research shows that marketing automation can increase lead generation by 80%, reduce marketing overhead costs by 12.2%, and boost sales productivity by 14.5%. Here are some key benefits: Streamline Marketing Operations Marketing automation platforms streamline operations by taking over repetitive B2B marketing automation tasks. This frees up your team for complex strategies and optimizes time and resources. Understand Your Clients B2B marketing automation platforms collect and analyze customer data, offering insights that sharpen your digital marketing strategies with personalized, effective content. Save Time and Resources Marketing automation saves time and resources, automating routine digital marketing tasks. This efficiency allows your team to focus more on lead conversion and nurturing. Enhance Lead Management With marketing automation, managing and nurturing leads becomes more efficient, ensuring timely, relevant engagement - a cornerstone of successful B2B marketing strategies. Improve Sales and Marketing Collaboration Marketing automation fosters alignment between sales and marketing teams, sharing insights that inform better strategies and aid in achieving shared B2B marketing goals. Boost Customer Retention Automated campaigns via marketing automation platforms keep your brand in constant contact with customers, which is crucial for customer retention and encouraging repeat business in the B2B realm. Want to reduce your CAC to half? Book a strategy call Marketing Automation vs. Account-Based Marketing While both aim to provide personalized experiences, marketing automation targets a broad audience through multiple channels, whereas account-based marketing focuses on a small group of highly profiled companies with personalized messages. Marketing Automation Marketing automation focuses on efficiently communicating with a large audience through various channels such bloss as email, social media, and websites. It's designed to automate repetitive tasks, nurture leads through the sales funnel, and personalize content at scale, based on user behavior and preferences. Its strength lies in its ability to handle high volumes of contacts and its capability in segmenting and targeting these contacts based on automated workflows. Key Features Broad targeting and communication High volume capability Lead nurturing on a large scale Automates repetitive tasks Segmentation and personalized communication Account-Based Marketing (ABM) ABM, on the other hand, is a focused approach where marketing efforts are tailored to specific accounts or customer segments. It involves identifying high-value accounts and creating customized marketing campaigns geared specifically towards those accounts. ABM’s targeted approach fosters deeper engagement with prospects, ideally turning them into high-value customers. Key Features Highly targeted to specific accounts Customized campaigns Deep engagement and personalization Aligns marketing and sales teams Focuses on converting high-value prospects Comparison While marketing automation is about reaching as many people as possible to generate leads and automating communications to nurture these leads, ABM is about focusing intensely on a smaller group of high-value accounts with the goal of converting them into customers. Marketing automation is useful for broad-based marketing strategies, whereas ABM suits companies looking for a targeted approach. Choosing the Right Strategy Deciding between marketing automation and ABH depends on your company's size, goals, and resources. Automation is ideal for broad reach and engagement. ABM might be more effective for tailored relationships and high conversions with key accounts. Many companies find that using a combination of both strategies optimizes their marketing efforts. Understanding these two strategies' unique capabilities can empower a business to target and engage with its audience more effectively, potentially leading to increased sales and customer loyalty. Common Marketing Automation Integrations In today's fast-paced digital world, using the right marketing tools can really help your business run smoother and improve your marketing. Let's see how different technologies work well with marketing automation to make things better. Customer Relationship Management (CRM) Software: This integration streamlines sales and marketing by connecting interactions and tracking leads, ensuring cohesive strategies across teams. Social Media Management: Marketing automation tools include features for managing social media, enabling scheduled posts and analysing engagement to optimize campaigns. Account-Based Marketing Software: Tailors marketing efforts to high-value accounts, ensuring personalized engagement and fostering deeper business relationships. Enterprise Resource Planning (ERP): Integrates with marketing automation to manage operations and centralize data, facilitating informed decision-making and efficiency. Email Marketing: Automation expands outreach by enabling the scheduled sending of personalized emails, enhancing engagement and conversion rates. By using these tools together, businesses can really step up their marketing game, ensuring they manage things better and get great results in attracting and keeping customers. Conclusion Marketing automation is a powerful tool that helps businesses target customers more effectively, streamline processes, and enhance customer engagement. By implementing marketing automation, companies can focus on essential tasks, create personalized client experiences, and boost revenue and conversions. At Saffron Edge, we've experienced the transformative power of marketing automation. By leveraging automation tools like HubSpot and Salesforce for our clients, we've witnessed a substantial uptick in lead generation compared to our previous methods. The result has been a more focused approach to our essential tasks in SaaS marketing and the creation of highly personalized client experiences that drive revenue and conversions. ...

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If you believe that automation means that large corporations will replace human employees with high-tech robots, you are mistaken. The chances are that you already use some kind of automation in both your professional and personal lives, which means that you're a business owner. Use of time-saving applications such as Google Suite, Zapier, IFTTT, Hootsuite, or other similar tools to save time and get more done is a good indication that you are already benefiting from the power of automation. Increased agility, lower costs, better productivity, fewer delays, fewer mistakes, and better customer satisfaction benefits from using automation technologies in your business. An automation strategy enables you to systematically implement the appropriate tools to maximize these technology solutions' value while simultaneously increasing your bottom line. So here, we will discuss how automation can help your business get better reviews. Benefits of Business Automation Utilizing automation in your company will necessitate an initial investment in information technology to set up the advanced technologies and standardize the processes. To successfully prioritize resources, you must first identify how automation can provide the greatest return on investment for your organization and help your business get better reviews. Market Adaptation As demand changes or order volume increases, you don't have to hire new workers. This gives you the ability and flexibility to deal with these changes as they happen. For example, in the cases of inventory management, order processing, and payment handling, automation can save you time and money by eliminating the need to recruit and train new employees to handle a spike in order volume, inventory levels, and process orders handle payments. Increase your ability to keep costs down and make sure customers get their orders as quickly as possible. Source: Unsplash Less Labour Cost Many small businesses spend a significant portion of their budgets hiring workers to fulfill tasks that need more labor and take more time while also adding little value to their overall operations and profitability. Lowering your overhead and increasing your profitability by automating these processes allows you to reduce the number of staff needed to complete these tasks, lowering your overhead. It also allows you to focus just on the quality of your employees instead of the quantity of them, allowing you to hire people with good skills to fuel your company's growth. Less Human Error Many business operations can be made more accurate through the use of automation. It is possible to eliminate costly errors associated with manual procedures, such as re-keying data from one system to the other. This applies to billing and accounting to order fulfillment and inventory management. Using shipping software, for example, can help ensure that you're printing the correct labels for delivery. In contrast, scheduling software can help reduce errors in people management, and an efficient inventory tool can eliminate the need to count items manually. Source: Unsplash More Happy Employees According to the company, automation helps streamline the employee experience while also ensuring that their needs and requests are met quickly. For example, it can help fill out forms for vacation requests, absence management, travel remuneration, expense repayment, and more. Additionally, one can use technology to expedite new hires' onboarding so that employees can become fully productive and so that you can have hiring expertise that will assist you in acquiring and retaining the most qualified candidates. Consistent Customer Experience Automation can help you provide a consistent buying experience that can elevate customer satisfaction and foster trust. It can help you standardize marketing, order fulfillment, shipment, and post-sale support procedures. The process also enables you to collect data and good processes by streamlining the customer experience and acquiring and retaining customers while driving more sales and profits. Customer Support Services that automate customer support, such as help desk software, a searchable knowledge base, and chatbots, can reduce response times, increase self-service capabilities, and increase customer satisfaction. Customer service chatbots, for example, can answer some basic questions and provide links to useful information without the need for a human agent to be available. As a bonus, they can screen questions and help customers find the right person or department to help them. Collaboration To guarantee the effectiveness of complex projects, you must keep track of each team member's responsibilities and ensure that information and communication have properly flowed throughout the project. Automatically tracking project progress, communicating key dates and milestones to team members, and keeping team members up-to-date with the latest data, files, or project status allows for more seamless collaboration and collaboration tools. Improve External Communication The ability to integrate the processes of external suppliers and partner organizations with your platform will allow you to streamline your distribution network and procurement, ensure prompt exchange of information, minimize delays, and lower the number of errors. Consider automating the purchasing and invoicing processes or integrating your inventory management system with the supplier's system so that new items are placed quickly. You don't run out of stock and cause important projects to be delayed. Source: Unsplash Leverage Remote Workers Many small businesses benefit from the growing use of remote workers, which allows them to access the talent and expertise they require while reducing their overhead. Also possible is the recruitment of the most qualified individuals to work on the projects at hand without incurring the expense of employing many full-time employees. Internal processes are made more efficient through automation, eliminating the need for employees to be in the same location to collaborate seamlessly. Some businesses can even operate entirely online, resulting in significant cost savings (e.g., rent, office equipment.) Increase Return on Investment Marketing automation can assist you in maximizing your budget while simultaneously improving results. There are numerous low-cost tools in email marketing, customer relationship management and sales, digital advertising buying, viewer targeting, and e-commerce solutions (e.g., product recommendations). Automating, collecting, analyzing, and organizing large amounts of customer data allows you to implement customization strategies, which will be critical in improving marketing and sales results over the next few years. So, these are some of the benefits of Business Automation. I hope you understand how Automation can help your business to get better reviews. Types of Business Automation Ecommerce Automation Automate your marketing and eCommerce operations by collecting and processing customer data. This will help you determine how to deliver the right information at the right place at the right time while also providing valuable assistance to improve customer retention. Email marketing software, customer relationship management, and chatbots are examples. Chatbots Low-cost solutions in the Rs. 2000 per month range is available for purchase. In addition, by implementing a chatbot, your business will be able to provide 24x7 customer support, access information instantly, increase efficiency, and, most importantly, provide the best customer experience to your customers. Inventory Management Product information transfer to your eCommerce website is made easier by integrating with your supplier's system to add automatically, edit, and delete products and transfer product information. It allows for good product data and availability updates, which helps to cut down on backorders and cancel orders and make the shopping experience better for everyone. Conclusion Numerous new tools are being introduced regularly. It is easy to fall prey to the "bright shiny object syndrome" if you don't have a clearly defined strategy to guide your execution. Make a clear distinction between your short-term and long-term business goals to identify the key areas in which you should concentrate your efforts and resources. We hope that this blog will help you understand how automation can help your business in various areas. For more details about business automation, reach out to our experts ...

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