lightning talk 5-7 Flashcards

1
Q

what are the Four steps to help you
develop your brand
tone of voice

A

1 Brand values : What does your brand stand for? E.G., QUALITY pizza, Excellent customer service, etc

  1. How you speak :  What describes the personality of your brand/business?
    e.g., charm, authenticity, family
  2. Persona :  How would you describe a core member of your audience?
     Customer segments! – Describe people based on demographics, use persona to think about what they would possibly need from your website and online communication
  3. Choose your words :  Create some guidelines for the words you will and won’t use
    e.g., Dine, eat, enjoy, ciao, hello, welcome, noodles, pasta (in case of Italian resto)
    ! Average human attention span is now 8.25 sec!  assume reader will only read first half of your sentence
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2
Q

How to handle customer complaints on social media

A
  • Avoid passive voice in writing
  • How can you fix the problem for your clients?
  • Being funny has a time and place
  • Sign off with a name
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3
Q

what are the 2 main content categories ?

A

Hot content: related to high value-added news and with short-term potential. E.g., Marketing campaign related to a specific event. (trends, even-driven)
 Build recognition, loyalty and enhances image

Cold content: Content not related to an event, not dated, can be posted at any time. E.g., content about your product.
 Influences consideration, build loyalty, enhances image and manages reputation

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4
Q

what are the type of content you find on social media

A



  1. Video & live streaming - % of all online activity is spent on watching videos
  2. Interactive content - such as polls, quizzes, etc. to get your audience excited and engaged
  3. Webinars & online courses - to offer more value to your audience
  4. Brand ambassadors & micro-influencers - target smaller, but higher quality audiences that are more likely to become clients
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5
Q

What is an editorial line?
how do you create and follow an editorial line

A

Your editorial line is all the rules that allow you to guarantee harmony between the different content you publish. It defines your objectives, your tone, your distribution channels, and guides the selection of topics to be addressed according to the interests of your typical audience.

  1. Tone: defines relationship between you and audience
  2. Topics: relate to your community
  3. Coherence: content follows same tone and line thru publications even on different platforms.
  4. Differentiation: Don’t copy competitors, can take inspiration
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6
Q

what is a content calendar

A
  • Determine which publications have resonated
  • Decide on the posting frequency/ network
  • Create or source content to share
  • Feed your social media editorial calendar

 Trello: collab tool, create and share calendar, manage tasks, progress management
 Editorial calendar: Wordpress plugin, statistical tool and dashboards, manage tasks and publications
 Google sheets/calendar: Collab tool, free-of-charge calendar template, spreadsheet integration, sharing and alerting
Define frequency of posts, choose the optimal publishing slot, apply correct script codes (e.g., Twitter 280 characters max)

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7
Q

what to avoid when making content?

A

overly promotional content, business account being confused with personal account,j getting angry/ insensitive when reacting/ ignoring reactions of others, posts with errors, content that isn’t relevant to your followers

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8
Q

what is the ecommerce cycle

A
  1. Visit
  2. Product view
  3. Add to chart
  4. Check out
  5. Purchase
  6. Fulfilment
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9
Q

what are the pro’s and con’s of reselling ?

A

pros
*Ready-made products
* Single-source fulfilment
* Larger margins + Flexibility (discounts, loyalty
programs,…)
* Low-cost experiments
* Flexible overhead
cons
Copycats (counter with expert staff, bigger
selection, extra services,…)
* Capital intensive
* Manage cashflow

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10
Q

what is manufacturing and give pro and cons

A

WHAT * Develop a product from scratch *
PROs
* You can create anything
* Hard to copy:
* Intellectual property
* Long process

CONs
* Hard to start
* Making the product (execution)
* Branding
* Capital intensive

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11
Q

what are handmade products and give pros and cons

A

Handcrafting products

pros

  • Easy to launch
  • Smaller customer base = easier to oversee
  • Direct customer connection
  • Pay for customizations

cons

  • Time intensive
  • Hard to scale
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12
Q

what are Digital products and give pros and cons

A
  • Sell digital goods
  • Educational, software licenses,
    membership sites, digital templates &
    tools, creative content,…
    PROs
  • No marginal cost (near-zero cost)
  • Intellectual property
  • Instant fulfilment
    CONs
  • Perceive value (is it really going to
    satisfy my need? –> Lower price)
  • Be ready to be copied –> Branding to
    counter
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13
Q

who are you selling to ,

A

 Select segment in market, keep your niche small, ideal niche doesn’t have a lot of competition, don’t try to serve everyone

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14
Q

how do you choose a product

A
  • Depending on your business model
  • Select partners based on your goals
  • Quality
  • Speed of shipping
  • Price
  • Variation
  • Control
  • Calculate product profitability
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15
Q

how do you manage your products

A

Inventory
* Tracking availability of your products
- Location
- Amount
- Pricing
- Mix
* Manually, CSV/XML, Automated

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16
Q

explain the 3c pricing model

A



Customers : Perception of Value and Value Drivers for Products and Services. No Demand above this Value or Price.

Competitors : Nature of Market and Industry.
Prices of Compeitors are important to create a Price Logic.

Costs : amount of Direct and Indirect Cost =Total Cost. Cost of Ownership or Prime Cost. No Profits below this Price.

17
Q

+ - of own website

A

Own website
+ points
Establish and maintain full control over your brand
You can retarget shoppers to become repeat buyers
- points
Setup can be time-consuming and technical
You have to work to get shoppers to your site

18
Q

+- of marketplaces

A

+ points
It’s convenient to get started and maintain
There are tons of visitors who already make purchases there
- points
There are multiple competing brands on the same site
People who buy your products may never realize you exist
High commission rates

19
Q

+- of social media

A

+ points
It’s frictionless for your user
Target multiple segments at once
Social proof
Increase in m-commerce
- points
It’s made for shoppers not sellers (a lot of setup)
Low organic reach
Reach in social media platform only

20
Q

what do you need before people can visit your website

A
  1. Domain name (website)
  2. Hosting (on a server) = web hosting makes the files that comprise a website (code, images, etc.) available for viewing online.
  3. Web shop
  4. Payment options 
    payment gateway= place on website where customers can securely enter credit card info, it also verifies card legitimacy.
    Payment processor= transmits card data from a merchant’s point-of-sale system to card networks and banks involved in transaction.
21
Q

what are the service delivery strategies after someone pays ?

A

Delivery strategies:

  • Self-fulfillment: manage your own inventory and prepare the packages
    +: offers 100% control of inventory and the pick, pack and ship process. It can be low-cost, when the business is small because you are just paying for shipping ( and doing the work urself), anyone can do it!
    -: time-consuming (bc u pack it all by yourself), costly as the business grows, need warehouse spase/equipment/additional staff… & inventory is $$$
  • 3rd party fulfillment: outsource the storage & package preparation.
    +: full set of infrastructure, large processing capacity, professional support, higher gross margins
    -: higher fees, especially at peak season, difficult to resolve issues, inventory $$$
  • Drop shipping: push incoming orders to the supplier.
    +: minimal capital required, easy to start & scale, flexible location, low overhead expenses, more choices of products, no inventory $$$
    -: Less control, slimmer profit margins