WHAT BEING NICE MEANS FOR BRANDS AND BUSINESSES

Do you think it is better to be powerful or to be liked?
 
Why does this have to be an either/or proposition? Being liked is power, and one of the quickest ways to gain someone’s trust and get them to like you is to be nice, polite, and to play fairly.
 
Why is being nice trending in today’s society? 
 
In the last few years, our culture has shifted dramatically. With the rise of digital technology, everyone and their uncle’s opinions are available at the touch of a button. While this rise in global interconnectedness seems to have created an amplification of people’s spiteful and negative attitudes, this appears to be winding down. People are becoming more aware of how they speak to each other, and how their actions both online and offline can have a negative impact on how other people feel or perceive them.
 
Also, the recession may have had something to do with this as well. After the market crash in 2008, big business had a PR disaster on their hands. People became more distrustful of companies in general, and their expectations for businesses has changed. Now, people, especially younger consumers, put an emphasis on being able to trust that a brand acts ethically and is honest and transparent in their dealings.
 
Is it true that people are becoming kinder, gentler, and more polite? It remains to be seen. But being nice is definitely trending, and people across all business industries and walks of life are starting to realize that positivity and kindness are beginning to reign supreme.

What does this mean for brands?
 
For brands and businesses to remain relevant, it’s critical that their messaging is aligned with broader society’s values and positive, rising trends. The trending power of being nice should be reflected in the brands that entrepreneurs create and the way they position themselves. This also has many practical implications for what brands can do to improve consumer’s perceptions of their brands. Remember, it’s critical to gaining a customer’s trust that your brand is seen as ethical and honest in their dealings and advertising methods. For instance: 

• Be mindful of what your company’s representatives say and how they conduct themselves on social media.

• Be aware of your customer service reputation.

• Look at your online reviews from third-party sites. Where can you improve?

• Is your messaging aligned with your values and your target customer’s values?

Hopefully, the power of being nice is here to stay. It’s better for society and the business ecosystem if people can get ahead by playing by the rules, being nice, and being polite to customers, business associates, and competitors alike.
 
More importantly, do you think being nice is here to stay? How do you think the concept of being nice can improve your company’s bottom line, and the ability to attract and retain customers?

TOP 3 WAYS TO MAKE THE FREEMIUM MODEL WORK FOR YOU

Modern shoppers are bombarded with advertisements. In our highly connected, digital age, there is no end in sight to the range of products, services, and brands that a consumer can purchase from and support. But with so many ads and brands competing for consumer’s limited attention and discretionary income, how can a company find new consumers, and get them hooked on their products or services? Finding qualified leads isn’t enough. You need to find a way to compel those leads to make a purchase. What’s one of the quickest ways to do that? The freemium model, and we’ll cover the top three ways the freemium model can work for your business.

With profit margins getting tighter in many industries, the freemium model does have a few downsides. But for subscription-based service models, going freemium can be an excellent way to build your brand awareness, convert leads to sales, and increase your profits.

1. The freemium model cuts through the noise.

The average consumer sees 5,000 product ads a day. Offering a compelling freemium service for a trial period is a quick and easy way to cut through the noise and the competition online. But to make this work for your business, you need to offer an obvious value to the customer with your freemium versus paid subscription model.  

Spotify does a great job here. They offer a freemium, but users have to listen to commercials for one thing, and they can’t download songs to a multitude of devices with Spotify freemium. Upgrading to the paid option though gives them the ability to skip songs, skip commercials, and download their playlists to any mobile device.

What you need to do is offer the customer an obvious value when they upgrade to make freemium work for you. When the customer sees how valuable your service is with freemium, but how much better it can be with the upgrade, the chances of them converting to a paid customer are much higher.

2. Nurture the freemium leads.

In most cases, it takes consumers a while to decide to make a purchase, and most leads are not ready to buy straight away. That’s why nurturing your freemium leads is crucial to getting this model to work for your business. Think about your sales funnel, and creating lead nurturing email campaigns to expose the leads to your brand and compel them to make a purchase.

3. Hold back on core functions.

You don’t want to give away too much, too soon with the freemium model if you want it to lead to future sales. While the freemium model can work if you’re strategic about it, not every freemium subscriber is going to convert. Your freemium people still have value as potential brand advocates. The trick here is not to give away for free too many of your company’s core functions. Doing so will cause the freemium model to eat into your profit margins, and it won’t work.

The freemium model isn’t dead, and subscription-based companies can make it work for them if they keep these three tips in mind when creating a freemium model as part of their marketing campaigns.