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What to do when data-based marketing doesn’t increase sales: Best of the MarTechBot

Martech

Competitive Landscape: Assess the competitive landscape to determine if there are strong competitors offering similar products or services at a lower price or with better features. Understanding your competitors’ strategies can help you identify opportunities for differentiation. For this prompt, try selecting the CMO persona.

Planning 116
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2024 Predictions: Better customer experience is on the way

Martech

This added context gives customers, as well as marketers, more confidence for higher-priced sales. At the same time, having humans available to supplement these chatbots will quickly become a differentiator. With AI assistance, B2B and high-end retail will see an overhaul of personalized customer experiences in the year ahead.

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Top 50 Global Thought Leaders and Influencers on Retail 2024

Thinkers360

4 Dr. Markus Husemann-Kopetzky Price Management Institute Contact Dr. Markus Husemann-Kopetzky Score: 60.29 44 Enrico Molinari CMO GovTech Innovation Manager | University Professor | Top 5 Global Fintech Influencer Contact Enrico Molinari Score: 31.33 3 Vladimer Botsvadze VladimerBotsvadze.com Contact Vladimer Botsvadze Score: 89.16

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B2B advertising doesn’t need to be boring: why creativity is a key driver of profitability

ClickZ

But by flipping the funnel on its side, it becomes clear why it makes sense to reach the 95% of the category that won’t buy today: because those “out-market” buyers represent the future cash flows that underpin the stock price for every public company. And it’s crucial to articulate these points to all stakeholders, not just the CFO.

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Forget Rewards: Why B2B Loyalty Marketing is Different

Biznology

If the seller delivers a good product or service, on time, at a reasonable price, offers new ideas and solutions, and becomes a trusted partner, that’s what will keep the competitors at bay. Another exception is engagement (versus purchase) rewards like IBM’s VIP program, where users earn points for sharing content and giving reviews.

Loyalty 104
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Getting ahead in marketing: Data as the new oil

ClickZ

It can be used to uncover a customer’s purchase patterns, budget and growth projections, and even sentiment signals towards a company and its competitors. Data can be used by organizations to create intelligent pricing programs, which react to market activity. Intelligent pricing. Iris Meijer is the CMO of Vodafone Business.

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How to tune your GTM strategies to cope with budgetary headwinds

Martech

Eighty-four percent of B2B buyers start the purchasing process with a referral, and peer recommendations influence more than 90% of all B2B buying decisions. Price and product are only two of many operational GTM levers. We live in a peer-bound world,” says Chandar Pattabhiram, CMO for business spend management platform Coupa.