Happy Monday, y’all! Hope everyone had a wonderful weekend! We are now dealing with Daylight Savings Time, which I hate. We will have darkness at 9pm soon, then go back to darkness at 5pm in the Fall. Ugh. Let’s get back to something more interesting, marketing and business news:
Twitter is working to finalize roll out of new profiles for businesses. Some of the features that these business profiles will have are still up in the air, and Twitter is working with users on feedback. We know that the new business profiles will be verified by default, will include a designation of the type of business it represents, and additional information on the business such as hours of operation, etc. Twitter hasn’t said when these new business profiles will start becoming available, but I would guess it would be sometime within then next 2-3 months. This article from Social Media 2Day has a good rundown of what’s coming, and some of the possible features which are being discussed.
Twitter business accounts are coming… https://t.co/0MWl2dTPjJ
— Social Media Today (@socialmedia2day) March 14, 2021
US retail sales are set to make a solid recovery in 2021 as we continue to work past covid. According to the National Retail Federation’s forecast, retail sales as a whole should be up around 7%. And online sales are set to surge around 20%. As I’ve been talking about for the last year, customer purchase patterns have been disrupted as a result of the lockdown, and most of us are looking for more online purchasing options. Take this into account when you are building your sales and product strategy for this year and beyond.
US Retail Sales Forecast to Grow by 6.5-8.2% This Year https://t.co/pnP0V7wcBG @marketingcharts @NRFnews
— marketingcharts (@marketingcharts) March 10, 2021
I am SUCH a sucker for scavenger hunts by companies. I think they can be SO much fun for customers if executed properly. Love this example of Cadbury letting people ‘hide’ virtual Easter eggs in Google Maps, then sending clues to others on where to locate the eggs. A great way for friends and families to continue the tradition of having an Easter egg hunt, even if its a virtual edition this year.
Cadbury Lets You Hide Virtual Easter Eggs on Google Maps (this is pretty cool, #Freberg21 x #FrebergSM!) https://t.co/3GrUbqUaZH
— Karen Freberg, Ph.D. (@kfreberg) March 11, 2021
So that’s it for this week’s edition of Monday’s Marketing Minute. Now if you want more news, Friday’s edition of the Backstage Pass will have a special rundown of all the news happening in the growing creator economy. All the moves that Twitter, Facebook, LinkedIn and other platforms are making to pay content creators, and why your business needs to be paying attention.
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