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BILLY LOIZOU

LEND ME YOUR EYES

My Greatest Achievement

12/25/2018

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I remember the day vividly, I had attended my first business conference and the keynote speaker of the day spent almost 45 minutes talking about purpose. Very similar to Simon Sinek he reiterated time and time again, “why is that you do what you do?” To be honest it caught me by surprise because I had never really thought about it. The path I had taken up until this point was one that was manufactured for me; go to school, get good grades, finish year 12, select a course at university which you find the most appealing with the score your received, finish the course and find a job. At no point in time did I get asked “why”, so when this conference was over I was left utterly confused. From that day forward I was set on a wild goose chase to find my why.
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I am lucky enough to have worked in some amazing business’s such as tech giant Salesforce & creative powerhouse TBWA. My career has had some extremely memorable moments, I have designed award winning work and made life-long friends, however I always had this glowing neon question mark hovering over my head.

The answer appeared on the 25th of May 2017 when my son was born. I realised that I had been living life by the wrong set of values, you can say I had an epiphany. I got so much enjoyment by the small things in life again; a smile, a cry, a laugh, a word, a clap….I didn’t get much enjoyment from changing nappies but it was part of the package. I realised that not everything I did day-to-day had to revolve around trying to change the world, it can start by just improving one persons world at a time. I realised through the journey of being a father the happiness and completeness comes from being selfless. I also realised that instead of trying to mask my creativity I should embrace it, bring 100% of me to the workforce everyday.

Since the age of 18 I have been writing and producing music however never shared it with many people. A few months after my son was born I decided to write a story for him called Baby On The Moon. The story was about a little boy who sets off on a space adventure to the moon with his best friend, a little black dog. The story ended up turning into a song and I am actually really proud of the end result, watch below.
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​My greatest achievement in life is undoubtably becoming a father. It has helped me in every facet of my life, including my career by realigning my values and belief system to rediscovering my creative confidence. To all the other hard working dad’s out there who are balancing a demanding job and have a family at home, hats off to you. It’s not an easy gig and someday’s it’s extremely hard walking out the front door, especially when your little one is crawling behind you screaming “dada.” There is a silver lining though, having children gives you the confidence to step outside your comfort zone and pushes you mentally and physically in ways that you never thought were possible.
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Mega, Macro, Micro: How to Balance your Marketing Mix

12/18/2018

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It’s now been over 130 years since retail magnate John Wanamaker said “It’s the most famous problem in marketing. I know only half of my advertising works. The problem is, I don’t know which half.”

The ingredient list for today's marketing mix just keeps getting longer. The question every marketer asks themselves is how do I balance and prioritize my efforts between short-term sales activity and long-term brand building?

The Triple Threat Model
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In basketball, the most effective player on the court is the one who can impact the game in multiple ways and not just by scoring. The player is coined a “Triple Threat,” as they excel in all three key skills — passing, rebounding, and scoring.
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How does this relate to marketing, you might ask? Well, based on my experience in marketing within agencies, technology vendors, and brands — plus supported by research performed by the “Godfathers of Advertising,” Les Binet and Peter Field — I’ve identified three key moments that marketers should master. I crafted a model which aligns the mega, macro, and micro of marketing campaigns to enable short-term results and long-term brand building.
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Mega Marketing — Creating Brand Cut-Through
Audience: Mass Market
Medium: Broadcast, Print Media, and Out-Of-Home
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A successful mega-marketing campaign drives brand awareness, sparks conversation, and ultimately, fosters loyalty. Most big brands launch a campaign like this yearly and, based on the research from Binet and Field, emotional brand building is the key to long-term profits.
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Nike turned heads with their most recent 30-year celebration of the “Just Do It” slogan. They showed their brand mentality and they got people talking about them by using Colin Kaepernick as the face of the campaign, the ousted and unfairly maligned NFL quarterback who made headlines for his protest during the national anthem by kneeling instead of standing.
Macro Marketing — Driving Sales Activation
Audience: Targeted Segments
Medium: Website, Display, Search, Social, Email & SMS
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Effective macro-marketing campaigns target specific audiences, demand engagement, promote value and ultimately, drive sales. Most of these campaigns are tied to a commercial or seasonal calendar such as Christmas, tax time or holiday periods and excel with the use of rational-based messaging.
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Nike is one of the few brands that doesn’t need to rely on discounts to drive sales. They provide their customers value by encouraging them to sign up to exclusive content, products, and offers via email. Throughout the different seasons, they introduce new looks and trends straight to the inbox and their customers anticipate each new release.
Micro Marketing — Earning Customer Loyalty
Audience: 1:1 Messaging
Medium: Email, SMS, Push, Direct Mail
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Data-driven, micro-marketing campaigns typically are hyper-personalized and loyalty-focused, and ultimately, enable memorable experiences. Most of these campaigns are predictable in nature and are triggered based on a customer’s interaction with a brand.
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Nike+ is a beautifully designed rewards program for athletes. Customers are motivated by the ethos of authentic athletic performance. They have created a rewards program that is tailored to each member and delivers personalized product discounts that last your entire birthday month and exclusive VIP experiences. The more you shop and use the Nike+ app the more tailored it becomes.
What You Can Do Today To Impact Your Marketing Effectiveness
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  1. Perform a gap analysis on your current marketing activity. The first thing you should do is plot your current Mega, Macro, and Micro moments so you can analyze where there are opportunities in your marketing strategy.
  2. Create balance in your marketing efforts. Marketers should use their advertising campaigns and budget split across brand building, sales activation, and creating customer loyalty. Marketing budgets are shrinking, so efficiency is key.
  3. Define what a loyal customer looks like and means to your business. Typically 55%-70% of a company's revenue comes from 15%-20% of their customers. The question is, are we treating these loyalty customers any differently? And if we could, what would we do to make them customers for life?
  4. Analyze your current customer experience. Identify where micro programs can improve the experience and drive significant ROI for your business by triggering a real-time email, SMS, or push notification. Typically, easy-to-implement programs such abandoned cart, post-purchase, or re-engagement can make an immediate impact on sales.
  5. Personalize your messages to improve customer engagement. Customers today don’t just want personalized communications, but products and services that are also tailored to them in real-time via the channels of their choice. How can you use the data you have today to improve content relevancy?
  6. Inject emotion into your brand-building messages. The most effective way to maximize customer value and long-term profits is to connect with customers at an emotional level.
  7. Stop discounting. Customers become accustomed to frequent discounting, resulting in a shift in focus from the value your brand provides. Frequent discounts are dangerous and erode long-term profits.
  8. Promote share of voice. Listen to your customers, anticipate their needs, and design offline and online experiences which empower them to promote your brand.
  9. Don’t be afraid to be creative. Capture your audience's interest, influence their response and inspire them to take action. This can be exceptionally powerful when combined with gamification or loyalty programs. Creativity can make your money go further.
  10. Test different marketing channels. Too often I read articles about the death of email or the end of print, it’s time to put those conversations to bed and test what works with your customers. Typically a mix of channels and messaging provides the best results for businesses today.
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No Money, Mo’ Problems as Marketing Budgets Decrease

12/18/2018

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After spending the last 10 years of my career working with marketers and leading customer experience with some of the world’s most trusted brands, I thought it was about time I grounded myself in my own research project – to speak with and learn from 50 marketers in just 50 days.

To be honest it seemed like an achievable challenge – didn’t anticipate that organising 50 different marketers diaries was near impossible. I was successful however and the conversations were invaluable. I was lucky enough to meet with CMOs from all over Asia Pacific across retail and banking to not-for-profit.

Importance of customer experience
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One thing that we all agreed on during the 50 days was how customer experience continues to become more important and is quickly becoming the new competitive battleground for brands. The investment today in global customer engagement is north of $3.6 billion dollars according to multiple marketing reports. Marketers understand the importance of technology and data to deliver great customers experiences, however most aren’t achieving the results they were promised or thought were possible.

Decreasing budgets
The fact that many marketers aren’t getting the return on their technology investment may have something to do with the fact that marketing budgets have decreased for the first time in four years according to Gartner’s latest Spend Survey. Marketing leaders must now justify their past spend and show the returns they deliver. It is clear that expectations in the boardroom are not being met and it’s time to show results that are actually delivering real business outcomes.
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The biggest hit has been the investment in martech as it has fallen by 15%. CMOs are pulling back on last year’s high spending commitment amid concerns over marketing’s capability to acquire and manage technology effectively. The need today is far greater than it has ever been in re-evaluating your technology investment, reviewing the capabilities of your resources internally, and creating alignment across the whole business.

Setting Priorities
So what becomes extremely important as marketing budgets are shrinking? Combining the right marketing platform with the right people to execute your strategy successfully.

Over time the obsession for marketers investing in shiny objects has led them to some cold hard truths. In the Mad Men era marketers invested heavily in agencies to think creatively about how they could advertise and communicate their brand to the masses. Many strategically sound concepts were presented. Fast-forward to today and marketers are investing heavily into marketing clouds and futuristic-sounding technology to advertise and communicate their brand at a 1-to-1 level. Technology is not a strategy. It is an enabler to help you implement and achieve your strategic vision.

Mark Ritson, award winning columnist and marketing professor, said shiny objects such as virtual reality, augmented reality, artificial intelligence etc. are distracting us from our real jobs and the big challenges that we are all facing. He said, “The history of marketing is not filled with death. It is filled with evolution and change. Disruption use to look like a VHS recorder. When it was launched in Australia we all assumed that cinemas would die. Except they didn’t. They thrived and they had their best decade.” History tells us we learn to live together and blend together. Things slow down. This same theory goes for marketing. The tactics may be changing but the fundamentals stay the same.

Use design thinking
Elon Musk has pioneered and transformed industries with the launch of Tesla and SpaceX. Musk is the type of businessman who learns by doing. His businesses thrive using the principles of design thinking, in which they are constantly prototyping and failing quickly in order to progress. Tesla however has faced mounting public pressure amid a production slowdown for its Model 3, its lower-priced car. The company recently revealed that it missed its target to produce 2,500 cars a week, disappointing investors.

Musk made a bold statement following the news. “Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated.” In this one statement he summarises the issue most marketers are facing: the relationship between people and technology. Many of us have shifted to relying more on technology than human beings.

Rely on people
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In today’s marketing landscape, you should be increasing your reliance on people and partnerships that align with your desired business outcomes. Businesses need to create internal alignment across five key organisational pillars: Brand, Strategy, Technology, Performance, and Experience.

There isn’t a magic marketing machine that will do all of this for you. You need great colleagues. You need excellent marketing partners. And in many cases, you’ll want a level of service with your marketing technology. Software has led many companies to create self-service portals and automated support, and marketers are starting to feel this backlash. Despite technological advancements, sometimes you need a pat on the back and to hear someone say, “we’ve got that covered for you.”
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People aren’t talked about as much these days. We’re intrigued by AI, machine learning, VR, AR, and other newer technologies. After many years of marketing to marketers and cramming in 50 meetings with marketing leaders into 50 days, it is clear to me that we can start to solve the marketing performance problem with people, strategic alignment, and plain-old execution.
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