Monthly Archives: August 2014

Smells So Good

Scent

Mmmmm… it smells so good! Consumers are used to great smells wafting from cafes and restaurants. Just a sniff of a freshly baked cinnamon roll can get buyers in the door and clamoring for product. Certain smells evoke memories and feelings that motivate us to take action. Today, more retailers are taking advantage of our attraction to scent, adding scent diffusers in stores and shops such as United Colors of Benetton, Hugo Boss, Brussels Airport, and Marlins Park baseball stadium in Miami. Even the popular show Game of Thrones now has a signature scent.

It’s a sound marketing strategy and a big business with revenue of $200 million annually from scent marketing. While brand recall and product marketing are critical strategic factors, these can also be significantly enhanced by scents. According to a recent study by Rockefeller University, our noses can discern an average of one trillion scents, far exceeding the several millions of colors that the human eye can detect! (Who knew there were even that many variations of scents?)

Our sense of smell is associated with emotional responses, which can impact loyalty and memory. Signature scents can be created by fragrance artists to deliver a message or impression to specific target markets. No matter whether the location is a store, spa, healthcare facility, transportation, hotel, or office, there is a scent that is right for it. Now, how does that smell to you?

Group Activities and Discussion Questions:

  1. Scent is a big business. View the Scent World trade show: http://www.scentworldevents.com/
  2. Also view a scent company’s site for more about marketing using scents: http://airq.com/
  3. Poll students: What locations and smells can they recall? How does the smell impact their shopping?
  4. Divide students into teams. Have each team research scent marketing online to learn more about how to use it. Have each team present five key points they learned from their research.
  5. Have each team select a location that does not currently have a scent. What type of scent would they recommend?

Source:   Chicago Tribune, Wall Street Journal, Science News

 

 

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Easy Rider: Bike-Sharing Programs

bike

It’s getting easier to rent bikes in many cities across the nation, thanks to new bike-sharing programs in cities ranging from Minneapolis, to Boston, to Denver, to Chattanooga. It’s a simple system – bikes are rented from convenient kiosks where the rider pays using a credit or debit card and rents a bike for an hour or more. When done riding, simply drop the bike off at another kiosk. Most systems offer annual memberships in addition to a daily use pass.

Bike-sharing programs are spreading like wildfire across the U.S.; there are now more than 21,000 shared bikes in 36 metro areas, a big increase from only six bike-sharing programs only four years ago. And by the end of 2015, the number of bicycles in the sharing programs is expected to top 38,000.

Despite the rise in numbers and availability, according to the Wall Street Journal, more than half of the programs have had difficulties such as delayed launches, technical glitches, funding, supplier issues, and generating revenue to keep going.

Group Activities and Discussion Questions:

  1. Poll students: how many have ever used a bike-share program? What were their experiences?
  2. Discuss the barriers and challenges to establishing a city bike-sharing program.
  3. Divide students into teams and have each team select a bike-sharing program from different cities (e.g., New York, Chicago, Paris, Minneapolis, Denver, etc.)
  4. Have each team identify a target market. Then, have teams develop a list of benefits and value for the programs.
  5. Next, have each team develop a promotional campaign to increase riders and memberships. Make sure to integrate social media marketing into the campaigns.

Source:   Wall Street Journal, Forbes

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August 2014 – YouTube Trends Map

Youtube

Each month we highlight recent YouTube trends, and each month the different groups (gender, age, and region) show different preferences. But this month viewers really showed a difference in the most-watched videos, skewing directly along gender and age lines. The most popular video watched by females was completely different than the video watched by males. Various age groups showed even more pronounced variations in what they watched.

YouTube posts a daily trends map based on demographics as reported by its account holders. Rankings are based on the number of views and can be separated by age, gender, and location. Through the aggregated data, YouTube Trends show us the most popular video in real time and gives ideas about trends that are developing within the YouTube viewing community. The map is a visual representation of the most viewed videos over the past 24 hours across the U.S.

Group Activities and Discussion Questions:

  1. Poll students: What are the YouTube videos they watch the most?
  2. What videos do they think are more popular for men vs. women? By various age groups?
  3. Bring up the YouTube trends map: http://www.youtube.com/trendsmap
  4. Divide students into teams. Have each team select a specific target market and geography and view the most popular videos in that area.
  5. Discuss how this information can be used by marketers.

Source: YouTube.com

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