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The purpose of purpose
Everyone knows the 4 P's of marketing: Price, product, promotion and place. There is now a fifth 'P' in the marketing mix.
The travel distribution company recently embraced Oracle Social Cloud to strengthen its social management strategy
Australian travel distribution company, Helloworld, shares how implementing a new social management tool can help optimise sales and drive customer engagement, while effectively improving productivity.
Managing an increasingly complex social media mix
The proliferation of social media channels has generated complex challenges for organisations serious about staying competitive and efficient, while keeping customers engaged in real time.
Similar to all companies who manage social media channels, Helloworld was faced with finding creative content that was inspiring while responding to the growing number of messages coming through different social media platforms. With a growing fan base across Facebook, Twitter, Instagram and Google+, staying on top of content creation and management was becoming increasingly complex and time consuming.
"We already had a big following on social media, so the challenge was how to professionally manage our community, how to be inventive in the way we sent our customers the right deals and how we do customer service through social more effectively," Helloworld's social media manager, Nitasha Nadan, told CMO. "We had lots of customers who were messaging us on social, but we really had no system to manage all of those customer service requests."
When Nadan started her role at Helloworld, the company was using an agency to manage social media, which was focused mainly on content creation rather than customer service.
"We need to find a way to be faster and more effective with our customer service and engagement strategy," she said.
At the same time, Nadan said the company didn't have tools to publish on multiple social media channels simultaneously, making it necessary to post natively on each channel.
"That meant two posts per day on four different channels, which takes up quite a bit of time when you are logging in and out of platforms." she said. "And with Instagram, I had to use a phone, so altogether it was quite an inefficient process."
On top of this, without a sophisticated data analytics tool, Nadan found it was difficult to know which posts were working and which deals would be most effective for Helloworld's global customer base.
"We just had so many deals that we weren't able to measure," she said. "We needed more sophisticated analytics, so we could measure the different types of content and then post more relevant deals, inspirational content, quizzes and holiday offers to our customers and be more accountable for them."
Finding a technology solution
To cope with these growing social media management concerns, Helloworld implemented Oracle Social Cloud.
"It used to take me about three hours to post content for the week," Nadan said. "Now it takes under an hour to post across all our platforms."
Improving community management and customer service have been particularly important for the brand's social media strategy, Nadan continued, and there are a few teams now using the Social Cloud tool.
"There is a function that lets you assign messages that come into your social feed like questions and feedback, which means I can flag them and assign them to the correct teams," she said. "Being a relatively new brand, the thing we wanted to show that set us apart was that we were experts in travel and to be able to give expert advice. So in order to fulfil that mission, we have to be timely.
"Having a tool that lets us be more efficient freed up more time to better research our content and offer more insightful, interesting and relevant content to our audience."
Improved efficiency, productivity and engagement
As a result, Helloworld has been able to grow its fan base to over 185,000, develop a more targeted and engaging content strategy, improve its response rate and deliver more targeted and successful promotional campaigns on social media. And with more than 300 franchised travel agents, Helloworld now also uses its social media channels more effectively to generate sales leads and to provide support to customers.
"We're a very lean team, so having a solution that integrates analytics and automation is a lot more efficient and streamlined than what it used to be," Helloworld's consumer marketing manager, Rebecca Hurley, said.
The company's recent strategic move has already proved successful, helping Helloworld improve its customer service and respond to 3500 customer messages each month in only 45 minutes through mobile devices and computers. The company also uses social listening to determine what customers like to build more engaging content to generate sales leads instead of relying on advertising and promotion.
"We've had a lot of interesting social campaigns using influencers to build our community," Hurley said. "For instance, one of our recent successes was a global Instagram relay in September last year, which really helped build awareness of our brand and build engagement online, leading into one of our biggest sales periods of the year."
The #helloworldRelay social media initiative chalked up more than 10,000 enquiries from customers over a seven-day sales period. Partnering with over 60 countries and 80 lead Instagrammers, the activity was based around an Instagram relay that captured and showcased countries, cities, people and places through images on World Tourism Day (27 September).
As part of the campaign, live content from the #helloworldRELAY hashtag was captured and distributed dynamic updates across Adshel's Sydney Trains digital screens, engaging audiences and encouraging them to interact and share their own experiences and photos.
Twenty-nine Instameets were also hosted globally from 70 participants including a double-decker bus in Hobart, paddleboards in Lord Howe Island, and the top of Blackcomb Mountain in Whistler, Canada.
According to Helloworld, the relay gained a worldwide audience of more than 260 million including 8.1 million Australians, off the back of 16.515 Instagram posts, 5,391 tweets and 1077 Facebook interactions. The company also claimed it reached an audience of 22.8 million on Instagram, with the most popular images including the US, Thailand, NSW, Oman and England.
In addition, more than 360,000 engagements took place across its social channels.
Helloworld was also recently recognised for its social media strategy and campaign in the 2016 CommsCon Australia and the Festival of Media in Asia-Pacific, where it was shortlisted for major industry awards.
- This article originally appeared in CMO magazine, Issue 1, 2016. To sign up for your print or digital copy, click here.
Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+: google.com/+CmoAu
Everyone knows the 4 P's of marketing: Price, product, promotion and place. There is now a fifth 'P' in the marketing mix.
To thrive in an increasingly complex and unpredictable new world, organisations will need to innovate, and leaders will require the necessary skills to do so. Here,
Marketing that urges respondents to 'buy now' is a little like asking someone to marry you on your first date. At any time, only 3 per cent of the market is looking for what you're selling, so the chances of your date randomly being 'The One' is pretty slim.
it is very informative and quality of the Furniture NZ i liked it and share on my wall
We can't overlook mobile. Each passing day people are on their phones more and more
An article largely re-purposed from things other people have said 5+ years ago – what's more, they said it better.
talking about the 4 p's:https://www.tripleclicks.co...
Interesting blog, good information is provided regarding Design Thinking For Business Strategy. Was very useful, thanks for sharing the b...
In this bonus last episode of this new podcast series, BrandHook MD, Pip Stocks, talks with former ANZ group general manager of marketing, Louise Eyres, talks about the importance of thinking like a customer and using intuition to solve customer painpoints.


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Trump Will Sign Border Deal but Will Declare Emergency
WASHINGTON (AP) — Congress lopsidedly approved a border security compromise that would avert a second painful government shutdown. But a new confrontation has been ignited — this time over President Donald Trump's plan to bypass lawmakers and declare a national emergency to siphon billions from other federal coffers for his wall on the Mexican boundary.
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Telephone & Addresses
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April Hoffman, Albuquerque, US, Burkett Ave NW
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April Hoffman - Hudl
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Definitely, Maybe Film Review
At Clinton campaign headquarters, Will develops a crush on co-worker April Hoffman (Isla Fisher), a ravishing redhead who is apolitical and could care less about the candidate. Trouble is, she's already in a relationship. ...
1960's Counterculture by April Hoffman on Prezi
The Hippies The name "hippie" was the term that people used for members of the counter-culture movement. The name comes from the slang ...
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April Hoffman - 3D Generalist | Featuring Work from a 3D Generalist
Featuring Work from a 3D Generalist
April Hoffman - Digital Cel Animation
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Staff | Westgate Elementary School
April Hoffman. Kindergarten. . Stacey Schnauber. Kindergarten. . Megan Bandy. 1st Grade.
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classmates: April Hoffman
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classmates: April Hoffman
ITT Technical Institute, Louisville, KY,
classmates: April Hoffman
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Carcinogenesis Alumni Pictures
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Picture of April Hoffman
April Hoffman | Credits | AllMusic
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findagrave: Hoffman, April Kay
, Tulsa (Tulsa County, Oklahoma)
findagrave: Hoffman, April May
, Fountain Springs (Schuylkill County, Pennsylvania)
Richard Hoffman Obituary - Delanson, NY | The Daily Gazette Co.
Richard J. Hoffman DelansonRichard J. Hoffman, of Schoharie Turnpike, passed away Sunday, April 14, at St. Peter's Hospital in Albany surrounded by his...
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Dogfight: And Other Stories - Michael Knight - Google Books
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Ex-DEA analyst could get 20 years
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April Sound
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April Hoffman (top left) participates in a box jump event during the...
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April Hoffman
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LCpl Elysia Martin of 29 Regiment is making an outstanding contribution to public life including working tirelessly to help the homeless in Gloucestershire and further afield in Nairobi.
A regular voluntary support worker for homeless foundations in the Gloucester and Swindon areas, she has sacrificed huge amounts of her personal time to support disadvantage persons.
This example of selfless commitment has earned her the Pride of Buxton award which garnered heavy media attention. Of the 37,000 nominations for the award, all of whom have made exceptional contributions to society, she was acknowledged with the top prize sponsored by Very.co.uk.
True to form, LCpl Martin refused the prize, a holiday abroad and instead at her insistence, the funds were redistributed to a silver service dinner for those in need.
In the margins of ceaseless unselfishness, LCpl Martin finds time to support the Regimental welfare office, running weekly youth clubs.
On her most recent deployment she helped in an orphanage in Nairobi, Kenya where she befriended a child with HIV, with a hole in his heart. She later ran the Nairobi half marathon to fund his treatment and his medicine, which has remedied his condition.
Eternally modest about her contribution LCpl Martin said: "People keep congratulating me on winning and thanking me for everything I have done to help others but that is just who I am. I shouldn't be rewarded for helping people.â€
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For instance, the EUR/USD trading pair is the most traded currency pair in the world. Listed as EUR/USD makes the EUR the 'base' currency and USD the 'counter.' The price in the spot market next to this pair indicates the price of one Euro in USD. There will be a buy and a sell price, and the difference between the two is commonly referred to as the 'spread.'
The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies.[2]
A Cycle Forex Prediction Indicator determines the timing of a concrete Forex market pattern. It would be unwise for us not to mention support and resistance - they describe the levels of price where markets frequently rise or fall, and then reverse. Finally, the last one in our list is momentum. These indicators define whether the trend will be strong or weak after it progresses over a certain period of time. Momentum is highest at the time a trend starts, and lowest when it changes.
The spot market is where currencies are bought and sold at their current market price. The prices of currencies fluctuate consistently, many times by only a tiny fraction of their current value. A mixture of economic, political, and supply/demand affect the price of currencies, and markets are exceptionally liquid for primary trading pairs around the world.
Foreign Exchange trading, also known as Forex or FX trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunities, it is no wonder that the forex market is the world's most traded market with a daily trading volume of $5 trillion USD.
Foreign exchange market is composed of different participants, also called Forex market players, who trade on the market for quite various reasons. This means that participating in Forex market transactions does not take place simply for speculative purpose. Each of the participants plays its own role in the market providing the latter's wholeness and stability.
An interesting observation is that the Forex Market Hours of the Tokyo and London sessions overlap for approximately 1 hour (varies for other European countries). You can (and probably should!) use this fact to your advantage. This means that all the crosses of European currencies and the JPY will have the highest volatility at the start of the European session. So if you are trading the GBPJPY you can simply carry out a few powerful trades between 8am-9am GMT, and then you are free for the day!
If the velocity of your trades necessitates low fees, know that you will be sacrificing some educational resources in favor of a streamlined system designed for the pros. You'll be jumping in with both feet. On the other hand, a low minimum account typically comes with the educational resources and communication channels required by new forex investors. The identity of different brokerages rest on the type of investors they aim to appeal to. Choose accordingly.
Trading in South Africa might be safest with an FSA regulated (or registered) brand. The regions classed as 'unregulated' by European brokers see way less 'default' protection. So a local regulator can give additional confidence. This is similar in Singapore, the Philippines or Hong Kong. The choice of 'best forex broker' will therefore differ region by region.
Leverage simply means borrowing money needed to make a trade, and in Forex terms, this money is borrowed from the broker. This is one huge advantage of the Forex market, whereby brokers allow you to trade up to 2% of the overall contract size (50:1) compared to stock market (2:1). You can use the small account to trade large sizes where wins can be quite large and you only need a small capital to obtain it.
The table above describes all possible pattern variations: harmonic gartleys, advanced gartleys, pesavento gartleys, harmonic bats, advanced bat and UG. If you look closer, the range of ratios covers everything. Now, let's go into some details... 1) Intro In this test the patterns were found and drawn by MPS. The algorithm of swing identification was set to...
One way to deal with the foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed upon future date. A buyer and seller agree on an exchange rate for any date in the future, and the transaction occurs on that date, regardless of what the market rates are then. The duration of the trade can be one day, a few days, months or years. Usually the date is decided by both parties. Then the forward contract is negotiated and agreed upon by both parties.
From cashback, to a no deposit bonus, free trades or deposit matches, brokers used to offer loads of promotions. Regulatory pressure has changed all that. Bonuses are now few and far between. Our directory will list them where offered, but they should rarely be a deciding factor in your forex trading choice. Also always check the terms and conditions and make sure they will not cause you to over-trade.
In this view, countries may develop unsustainable economic bubbles or otherwise mishandle their national economies, and foreign exchange speculators made the inevitable collapse happen sooner. A relatively quick collapse might even be preferable to continued economic mishandling, followed by an eventual, larger, collapse. Mahathir Mohamad and other critics of speculation are viewed as trying to deflect the blame from themselves for having caused the unsustainable economic conditions.
A swap trade involves both. Dealers buy a currency at today's price on the spot market and sell the same amount in the forward market. This way, they have just limited their risk in the future. No matter how much the currency falls, they will not lose more than the forward price. Meanwhile, they can invest the currency they bought on the spot market.
Telecommunication, science and practice of transmitting information by electromagnetic means. Modern telecommunication centres on the problems involved in transmitting large volumes of information over long distances without damaging loss due to noise and interference. The basic components of a modern digital telecommunications system must be capable of transmitting voice, data,…
Unlike stocks, forex trades have low, if any, commissions and fees. Even so, new forex traders are always advised to take a conservative approach and use orders, like stop-loss, to minimize losses. High leverage, which should be prudently applied, gives traders the opportunity to achieve dramatic results with far less capital than necessary for other markets. Forex trading requires training and strategy, but can be a profitable field for individuals looking for a lower risk endeavor. Learning currency trading gives traders a range of exciting new opportunities to invest in.
Unlike stocks, forex trades have low, if any, commissions and fees. Even so, new forex traders are always advised to take a conservative approach and use orders, like stop-loss, to minimize losses. High leverage, which should be prudently applied, gives traders the opportunity to achieve dramatic results with far less capital than necessary for other markets. Forex trading requires training and strategy, but can be a profitable field for individuals looking for a lower risk endeavor. Learning currency trading gives traders a range of exciting new opportunities to invest in.
In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.
One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.


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