marketing trends

Overseas Market Introduction Service

OMIS Report

What Does OMIS Entail?

The Overseas Market Introduction Service (OMIS) provides support for businesses pursuing export activities overseas. The information provided often includes competitor analysis, market reviews, bespoke events, and assistance with adjusting to local business etiquette and culture. Essentially, OMIS gives businesses an instant link to invaluable insights and set them on the right track. This service is tailored to each individual businessperson and assistance depending on the needs of the client. 

OMIS activities and support can include market information, advice and practical support, such as:

  • Understanding how to do business in the market

  • Having the confidence to explore or expand in a new market

  • Market analysis and feasibility studies

  • Identifying business opportunities and prospects

  • Understanding the competition

  • Identification, assessment and contacting of potential distributors, partners and contacts

  • Promoting business and products through events such as receptions and product launches

  • Meeting arrangements with business contacts

  • Deciding on the best market entry strategy

  • Understanding local regulations and standards

  • Overcoming barriers to entry or expansion

  • Raising profile and credibility in the market

Why is an OMIS Report Helpful?

Any business aiming to expand in the overseas market may face barriers in accessing the right international contacts or partners. Additionally, it can be equally challenging to find the best ways to operate in a specific overseas market and to successful market entry strategy in an entirely new sphere (both economically and culturally). Businesses seeking to increase profits by employing an effective overseas promotion may find OMIS to be particularly helpful.

There is no doubt about it: internationalisation is a difficult task. Differences in time zones, languages, and cultures are inescapable obstacles that must be faced. OMIS provides a wealth of practical support, advice and key market information, supporting business owners through each stage of their international expansion.

Each expansion starts with the process of market research. However, international research can be particularly challenging without contacts ‘on the ground’. The socio-economic environment is often quite specific, something not many business owners are used to or even aware of. Even when the necessary research information is in another language, OMIS teams can prove invaluable in finding the information needed. Unsurprisingly, these reports can open doors that would otherwise remain closed.

When it comes to actually visiting an international market in person, OMIS can be handy too. Booking meetings for a market visit and sending marketing material abroad can be time-consuming and frustrating. Using OMIS’ market specialists removes considerable stress and hassle both during the organisation of your visit and once you’ve actually landed in the country.

Thus, OMIS puts you in touch directly with overseas markets. It is beneficial for business, as it helps with the following:

  • Access the right international contacts or partners

  • Provide insight of the overseas market

  • Find the best way to do business in a market

  • Achieve a successful market entry strategy

  • Increase profits by using effective overseas promotion

What are the Characteristics of a Good OMIS Report?

It’s likely that the closer a business is to entering a chosen market, the more practical the services will need to be. Key tips here are the followings:

  • Mix and match OMIS services to select those that best meet your needs and requirements

  • Use OMIS for ‘value added’ services (i.e. activities that you are unable to easily do yourself)

For market research, one needs to choose between depth and breadth depending the current level of understanding. It is necessary to dive deeper into the market if there is  already an understanding of the broad brush strokes.

To obtain a comprehensive OMIS report businesses need to:

  • Provide a fully comprehensive brief of their request

  • Specify their objectives

  • Maintain personal involvement throughout the OMIS process

  • Set up milestones and due dates

  • Ensure that they obtain sight of draft/initial research so that they can be involved in final revisions/tweaks

  • Once the research has been completed, business owners need to make sure that they sign off on the brief and they you’re happy it has been met

  • Prior to sign off, businesses should ensure that they obtain any final amendments that they feel are needed.

A typical content of OMIS market report includes:

  • Identification of market size, market potential and key trends within a marketplace

  • Provision of localised industry and sector advice

  • Analysis of possible routes to market

  • In-country competitor analysis

  • Assessment of the potential level of demand for your products or services

  • Identification of opportunities and prospects.

 

If you are looking for an Overseas Marketing Report get started today with a Free Trial

Goodman Lantern ties up with Startup Grind Conference to Offer a 47.5% Discount

LONDON and SAN FRANCISCO, 24th October 2016. Goodman Lantern, one of the UK’s most prolific new market research and content development companies, has recently announced an exciting new partnership with the Startup Grind Conference to offer attendees a 47.5% discount on tickets to the event. Goodman Lantern works with  SME and enterprise customers helping facilitate conversation between the two.

Startup Grind is powered by Google for Entrepreneurs and is a global startup community designed to educate, inspire, and connect entrepreneurs connecting 400,000 founders in over 200 cities. The Startup Grind conference is one of the highlights of the entrepreneurial sphere, offering budding business owners a chance to rub shoulders with industry leaders and pick their brains on pertinent topics. Past speakers include the co-founder of Twitter (Biz Stone), Airbnb (Nate Blecharczyk) and Slack (Stewart Butterfield).

We at Goodman Lantern believe that the best way to connect is face-to-face.  For this reason, they have arranged an exclusive 47.5%* discount for the Startup Grind Conference held in San Francisco on 21st Feb 2017 using the code Code12345, expiring on 14th November. For further information email startupgrind@goodmanlantern.com.

Professional conferences are a great platform for training and peer-to-peer interaction. These events are the number one place for entrepreneurs to learn new and more effective ways of conducting business. The actionable tips and statistics that business owners are able to collect from industry leaders are invaluable. It is just as important to note that attending these conferences can lead to viable solutions for fundraising efforts as well as an opportunity to sell to both enterprise and startup customers.

* The total discount on one full price ticket when buying 2 for 1 is 47.5%. Applying the code gives attendees a 5% discount on all tickets available until 14th November.

 

Creative Marketing: Displaying Logos at Events

There has to be a better of displaying logos at events. Gone are the days where marketers and event profs can get away with taking the easy way out. Consumers tend to bristle at in-your-face, lacklustre, or slapdash efforts at making branding memorable. Event managers need to think outside of the proverbial square when figuring out how to display company logos. Try a subtle approach, give something more fun a try, or use technology to your advantage. Your options are virtually endless if you know where to look.

Give a Photobooth a Bash

The verdict is in: people love photobooths. There's an undeniable element of nostalgia involved in taking an instant photo. It conjures up a person's favorite memories and positive emotions. Hire one of these fabulous devices and you've added that sought-after personal connection. Logos can not only be displayed on the outside of the booth, but they can be printed directly onto the photos as well.

Hire a Street Artist

Watching an artist at work is an almost magical experience. There are so many talented street artists out there - most of them working with completely unique materials. You can really bring your event to life by hiring one of these creative geniuses. By incorporating company logos into their art, they create something memorable that will really stick in an attendee's mind.

Edible Logos Aim to Please

Basically, the aim of your event is to ensure that everybody leaves happy. Nothing makes people happier than a snack or two. Try to find innovative ways to offer attendees edible logos. Molded chocolates, beautifully iced biscuits, refreshing ice pops, branded drinks... The opportunities are amazing if you really think about it.

Digital Caricaturists Exist to Amuse

Caricaturists have gone digital - and it's a good thing too. People love to laugh. Really great people love to laugh at themselves. Bring in a digital caricaturist to entertain people and give them something to share on social media. Company logos can easily be worked into digital caricatures, making a lasting impression.

It's amazing what you can come up with when you take the time to think about it. Originality is so important in terms of marketing at an event; use your intuition and imagination to come up with something truly great.

Video Content: The Gateway to Creative Communication

Video Content Goodman Lantern Video content has been gaining popularity recently, to such an extent that in 2010, Forbes reported that among senior executives, 80% report watching more video than they did previously. Alan Newton, Eventopedia’s COO and Co-founder quotes his Creative Director, Pete Davies as saying that, “visual might be the new text,” - a prediction that seems to be coming into it’s own with 75% of senior executives preferring to watch work-related videos on business-related websites, while 52% also make use of YouTube. Newton believes video is the trend that shows the greatest opportunity as a creative communication tool, but cannot be overlooked as a tool for traffic generation when it is considered that 65% followed videos up with a visit to the creator’s website. Cisco has gone on record saying by 2019, consumer internet traffic will be 80% video, which would amount to a 64% rise from 2014’s figures.Video is considered to be the most significant method of communication between companies and their clients, but also in the business to business environment.

Tom Afek, CMO and co-founder of Showbox, believes that the creative and intelligent use of intuitive production platforms combined with appropriate research and execution allows any marketing manager to create engaging video content to highlight their company.  He recommends four “basic principles” of creating video content, beginning with the often underestimated importance of great content to fill the video with. A tight, punchy message is given a new breath of fresh air when coupled with engaging visuals and audio cues. Also vital is an attitude of transparency and a focus on viewer engagement - both aspects can appear daunting, but can be achieved by efficiently utilizing user feedback tools that allow comments and interaction between consumers and companies.

Another vital aspect to be considered is the placement of your video. Afek recommends a combined strategy of using a video hosting service such as YouTube, but stresses the importance of embedding the video on a relevant, prominent section of your company’s own site, diminishing the problems caused by distraction of competitor videos with good ratings. Consistency is the final piece of Afek’s focus, highlighting the need for a dependable and reliable outlook that communicates stoicism and steadfastness of resolve to any potential clients who view a number of videos in succession, or who are exposed to your company’s content over time. The fact is that the next generation of consumers demand to know as much as they can about every facet of the companies they support and to feel involved in their lifecycle - a sentiment that is often summed up into the extremely broad term, ‘relationship building.’

Big Data in Event Marketing: 2016's Biggest Trend

Big Data has been described as being “the accumulation, storage and manipulation” of very large data sets, and has been a steadily growing trend in the event marketing industry in 2016. Jan Sysmans, DoubleDutch’s Head of International Marketing, believes that the use of big data will replace the industry’s reliance on anecdotal evidence alone. Marketer’s decision-making changed completely when web marketing, email, and digital advertisements became commonplace. Another change is due with the digitization of the event marketing industry, granting marketers access to a wealth of deep data resources.

Sysmans also believes that laptop usage will decline in favour of mobile devices, paper handouts will be increasingly phased out by digital content, and an increase in useful data being collected through techniques such as polling, sentiment analysis, and “real time lead and contact scanning”. Additionally, attendees have shown an interest in actively participating in events, allowing them to mould the event to their liking. Liz King, the Chief Event Specialist of Liz King Events also predicts a big focus on data collection as planners gain experience and skill with accessing and successfully channelling big data. “I’m excited to see how planners will embrace big data and all the changes we’ll see at our events because of it.”

Zeta Interactive CEO, David Steinberg believes that big data’s event evolution throughout 2016 and the years to come will include five main areas of improvement. The first of these is the unification of databases into one highly efficient, user friendly combination of transactional and predictive data. He believes that the next logical step will be the need for real-time data streaming from an array of devices, along with a method of harnessing and actioning them in real time to streamline the process and deliver an exceptional experience for attendees. Steinberg also predicts the rapid adoption of increasingly available and accessible machine learning tools, many of which are already gaining momentum. He also believes in the increased popularity and advantages associated with the Internet of Things (IoT), as well as the re emergence of meta- and master-data with the aim of improving usability and security.

Experts and industry insiders tend to agree that 2016 is a big year for the adoption of big data technologies and techniques, which will revolutionise the event marketing industry and lead to even more impressive, popular events.

Keeping Up with the Evolution of Marketing

Marketing is constantly evolving, always growing to include new ideas, new combinations of tactics, and new insight into current practises. At the moment, marketing is heavily focused on social media channels to an unhealthy degree. Forbes.com’s Daniel Newman recently wrote that, “Social media is one platform of many, a tactic that does a great job of supporting broad campaigns but flounders by itself.” It’s important for marketers to realise that there is more to a holistic strategy than simply excellent social media figures. Social media should exist as a supplementary, supportive entity, rounding the end-user experience to be more palatable and accessible. Unfortunately many highly effective, more ‘traditional’ tactics often fall by the wayside. One such example is the careful creation of owned emailing lists - which can be curated to be of specific interest to each of your user groups. There are many advanced tools online that allow your clients to do the work for you, allowing them to toggle their areas of interest for themselves, giving them full control over the types of information they receive. In an article for Fourthsource.com, Warren Duff emphasised the importance of email tailoring; “If you’re going to deliver your marketing messages via email, do it right: this means displaying subscribe fields prominently and providing easy access to an email preferences centre.”

Content marketing is another often overlooked aspect that should be part of a comprehensive strategy.  Brianne Carlon, Rush of the Business2Community, wrote that every content marketing strategy needs to include interactive, bite-sized, personalized content - a trifecta that makes up the foundations of modern content marketing. Getting this combination right is tricky, “but if you can master the creation of quality content that stands out from the rest, operates seamlessly on mobile and offers a personalized experience, you will not just survive 2016; you’ll thrive.”

Keeping in line with the trend of deeper engagement and tailored experience, is the reemergence of relationship marketing into a prominent position in the makeup of any rounded marketing strategy. Clients want to feel valued, a stipulation that has the power to dictate long term customer loyalty, or utterly destroy a company’s reputation if ignored. There needs to be a large degree of accountability, reliability, and supportiveness in the business-client relationship. The key to making it all work is neatly summed up by PCMag.com’s Brent Johnson, “At the core of relationship marketing is a focus on working together—you and your customer—to jointly accomplish your goals.”

Online vs Offline Marketing... It's a Balancing Act, Not A Choice

The focus of the modern marketing environment has become increasingly online-based, with all types of campaigns running simultaneously via multiple channels – unfortunately leading to the inevitable neglect of an ‘old faithful’ marketing style. Offline marketing has big potential to be coupled with online marketing strategies in order to produce a holistic corporate presence that transcends an urgent dependence on the Internet. Unifying your Marketing Strategy is your Best Chance for Survival

In 2013, Andy Lombard posted an article on MarketingLand.com that is even more pertinent today than it was then. Lombard pointed out a major problem facing companies that adopt separate strategies for online and offline campaigns, often run by completely different departments; “Those silos only exist inside marketing departments. The customer’s mind perceives one continuous brand.” The key challenge here is the need to retain the customer’s attention, despite the fact that modern consumers experience multiple marketing channels within moments of each other.

Real-World Events Offer an Opportunity to Make a Lasting Impression

There are multiple combinations that can be explored to find the right balance between online and offline presence for individual businesses, however there are a few tips that remain universal. The best advice in the current climate is to combine online and offline marketing strategies into a unified message. Manobyte.com highlights the importance of real-world, offline events, which can be promoted online via social media or other such marketing channels. It’s also important to bring examples of your real-world customer interactions back to the online environment, to build interest in your offline events once again. The nature of this approach is reasonably cyclic, with one aspect feeding into another. The beauty of offline events is that they are a great content creation opportunity, building public interest on a level clients and potential clients can relate to.

Stop Hiding Behind Automation and Get Personal

Another great notion by Manobyte.com is to remove those impersonal automated email responses, and take the time to respond physically to enquiries, which can then be summarised in a follow-up email. The rapid shift to the online world seems to have left a somewhat bitter aftertaste in the mouths of customers, who are beginning to yearn for a more personalized customer service experience.  Another key example of including an offline touch in an online sale comes from eyewear retailer Warby Parker (Tintup.com), who pioneered the tactic of posting a number of frames for their potential customers to try on at home, to ensure proper fit and comfort. This made all the difference for the company who are now valued at approximately $1.2 billion.

Become Dependable on Multiple Channels

The concept works the other way around as well, as pointed out by Socialnomics.net who say, "Your websites should carry social media buttons, so that people are encouraged to share, implant, tweet, and email to help your website gain social traction.” The idea is to gain as much real estate within the customer’s circles as possible, retaining prominence in their mind and growing in influence. A high social media presence can be combined with offline reliability to create a sense of trust in your brand, in turn building customer loyalty. Over time, customer-relationships can be deepened as they learn that your company is dependable via any channel, whether online, or in the real world.

Using Big Data to Launch Successful Events

As a rule, customer insights have always been based on data - sheets of digits, all representing a facet of the prospective and existing client base’s personality. The downfall of this approach has always been the impersonal nature of the system itself. Numbers don’t allow room for shades of grey, subtle differences in opinion, or unique insights - a limitation which requires assistance. Increasingly however, event organizers are utilizing opinion surveys, social media, mobile apps, and many other tools to learn out the personalities of attendees. This enables events to be more appropriately angled to the preferences of attendees and a far more memorable experience all round, as a result. The upside of this is that memorable experiences lead to word-of-mouth popularity, building exposure and future successes for your event. It’s not enough to use just one or the other either - they work best as two independent sections of a combined approach to understanding as much about attendees as possible and using that knowledge to give them what they need. Dataops.co has managed to reduce the differences between data and intelligence into a simple and relatable statement: “Business Intelligence helps find answers to questions you know. Big Data helps you find the questions you don’t know you want to ask.” Clearly, the ideal scenario is a combination of the two, weighted appropriately to best serve the individual event organizer’s demographic.

 

Omni-Channel Marketing: The Next Big Hit at Your Event

Goodman Lantern Omni Channel Marketing The marketing world is constantly awash with new buzzwords, but few have such potential to revolutionize the events industry than, “omni-channel marketing.” This concept is built around the expanding interaction opportunities that organizers can make use of to provide attendees with an engaging event experience, regardless of the channel they choose to experience it through. Mike Stocker of Marketo Marketing Blog said it perfectly:"Each piece of the consumer’s experience should be consistent and complementary.” It’s essentially as simple a concept as that, providing a cohesive experience that brings your brand right out into their favourite channel, be it a physical event, website, social media channels, or mobile app. As with any ‘new’ development, there are a number of trends emerging that can be put into effect at events, to skyrocket the quality and depth of the attendee’s experience.

One of the biggest necessities is for event managers to regularly review and interact with the channels that prospective and confirmed attendees interact with. It’s of utmost importance to find out what the customer is experiencing so that it can be constantly honed and polished to become the best possible set of end-user experiences possible, building anticipation, hype, and word-of-mouth marketing amongst the various channels. Stocker recommends that, “If possible, these tests should be performed by external and internal testers,” which will help to grow a balanced view of what works and what can be improved upon.

In a recent Think with Google article, Julie Krueger summarizes that companies need to be “measuring behavior, providing localized information, and creating the right organizational structure.” In simple terms, learn about your attendees’ habits, tell them what they need to know in a way they can connect with, and begin to focus every facet of your organization on matching the traits of your target market. Consumers can see through corporate pretense to a greater degree of clarity with every passing day, forcing event organizers to market and exist authentically, in line with their stated values. This increasing transparency and conformation to the market is a fast-growing trend that sets events aside from those grown from more stone-aged thinking.

Another trend that is rapidly gaining popularity is the intelligent use of existing client databases. iVend.com’s Kamal Karmakar points out that, “Using purchasing history to their marketing advantage, brands can target consumers with relevant messages that will help capture attention and as a result drive conversions.” The key point here is not exploitation of private information, but rather simply referencing their purchase history to gauge where their specific area of interest lies, the channels they prefer to use, and the types of events they gravitate toward.

It’s about getting the personal interactions going, curating communications based on the individual, and building rapport with loyal attendees on any channel they choose.

Experience-Focused Events - A Major Trend for the Foreseeable Future

  Goodman Lantern - Experience Based Events -Blog

The corporate world is continuously evolving as new people, companies, and ideas enter the market. Younger generations are forever influencing the business world as they grow older, eventually joining the ranks and continuing to precipitate change from within. With each new generation, comes new progression and a slightly different set of values – ultimately necessitating a review of old practices in the interests of staying current. As corporations and their employees evolve, so do their requirements from their company, especially when targets have been reached and exceeded. Accordingly, the old faithful corporate event scenarios have become tiresome, making way for new ideas to keep attendees engaged. SparkSight’s Jessica Martinez suggests the strategic use of 4 interactive social tools; photo booths, a live social feed wall, games, and even mobile apps.

Tina Benson of Team Tactics made the point perfectly, stating that, “What an event brings to delegates and attendees is, by definition, an experience.” The key difference between a standard event and an experience is sheer depth of impact. Quirky, cleverly organized events are the new direction that the corporate world is moving towards, replacing the overplayed fallback of hiring a ballroom and a band. To make a lasting impression on event attendees, the focus needs to be on engagement – a sense of community, purpose, and belonging. In an article for the Huffington Post, Louis Efron uses his father’s career with IBM to communicate the importance of total immersion in making employees feel like they belong to a larger family. In Efron’s case, IBM got it right; "My father worked there for 18 years when I was young and I still fondly remember IBM’s two annual events.

In a recent article, Al Wynant (CEO of Eventinterface) said, “With events becoming more experienced-based, planners are now...engaging attendees through the full lifecycle of the event.” This engagement can be made possible by enveloping attendees in a venue that has been themed to create a cohesive and convincingly unique experience for all. It’s not just about the décor, when it comes to structuring a successful event – another important consideration is the ROI for attendees. Return on Investment, in many cases is completely dependent on the type of company, attendee profile, budget, and many other considerations. In some instances it may be enough to simply offer a visually striking venue and great entertainment, while in some cases it makes sense to offer more, especially if the money is there to back it up.

It’s not only the large scale companies that have the ability to produce a memorable event – with some careful planning and imagination, smaller budgets can be utilized to great effect. James Timpson of tech.co recommends starting the planning process by defining the message that the event will deliver: “Your objective will dictate how you will budget and you’ll be able to identify areas where you are can compromise to cut costs. By cleverly reducing costs in key areas, it will become possible to channel more cash toward the key aspects that make up the backbone of the event.