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How to Run Your Small Business More Efficiently – and Increase Productivity

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keap logoWe all have the same number of hours in a day, and yet some business owners seem to accomplish infinitely more than others do. How do they do it? Are they especially skilled? Geniuses in business productivity? Odds are good that they’re not. In fact, the small business organization that is most efficient is the one run by someone who understands what deserves their time versus what doesn’t. To help you improve client management and business productivity, here’s how to make that distinction so you can be a master of efficiency too.

Don’t reinvent the wheel

The first rule of thumb for business owners looking to save time and bring in more Sales is to cut out any activities that waste time. For example, are you creating new invoices for every client that comes your way? Make templates instead. Consider what your most popular services are, and create an invoice framework for each one. When the time comes to send a bill, quickly tweak the template as needed, while not wasting time starting from scratch.

You can also likely trim some time from your Sales efforts. If you’re running brand-new campaigns all the time and getting stuck in the weeds about what to say, your time can almost certainly be better spent elsewhere. Instead, use templatized promotion campaigns to streamline the process. Or, run discount offers you’ve run before that have worked well. These don’t have to be fancy or brand-new to get results, and results are the goal.

Use technology as your Personal Assistant

Many solopreneur service providers, or even those with a small team, don’t have the luxury of an Office Manager. So you probably have to handle your own scheduling and appointment reminders, which can be a serious time drain. Rather than get lost in the back-and-forth of scheduling purgatory, automate it all. Use Marketing Automation to enable clients to select from your available days/times. Further set up your system to send automatic appointment reminders, so you don’t have to do this manually.

You don’t have to have an employee in order to feel like you have a Personal Assistant. You can save a lot of time and improve your efficiency by automating scheduling and simple communications like appointment reminders.

Remember the 80/20 rule

There’s a widely held principle (the Pareto Principle) that states 20 percent of your effort yields 80 percent of your results. So, most people spend 80 percent of their time on tasks that don’t really move the needle for them in terms of revenue. It’s up to you to figure out which of your tasks fall under the most important 20 percent bucket and then focus your time and attention on those.

For example, you might spend a lot of time following up with customers by email after an appointment to make sure they liked your service. Even though this is a nice personal touch, it probably isn’t contributing much to your business overall. Instead, use your CRM system to automate your follow-ups.

Then, use your newfound time to help frustrated customers troubleshoot urgent problems. Being able to solve an issue for a customer in a bind will almost certainly win your loyalty – and repeat Sales – in a way that sending even the nicest follow-up email cannot.

If you’re intent on improving efficiency in your small business organization, and increasing productivity, the first step is reallocating your time. Figure out what requires your direct input, as opposed to what can be automated or reconsidered altogether. Once you get that down, you’ll be well on your way to cost savings, Sales boosts and a much more smoothly running business.

Read more: 3 Ways Productivity Affects Your Overall Business Success

Accenture Helps Radisson Hotel Group Transform Its Group Sales, Business Development, and Operations in the Americas

Platform built on Salesforce improves effectiveness and efficiency of operations, enables growth

Accenture has helped Radisson Hotel Group in the Americas develop and implement a new digital customer relationship management platform and mobile application, bringing them together in a single, scalable system that makes it easier for the company’s franchisees and owners to do business with the global hotel group. The new platform helps to effectively drive sales growth, while ensuring standardized and efficient operations.

“We look forward to continuing our collaboration with Accenture to improve efficiencies across the company and fuel our future growth plans.”

Accenture and Radisson Hotel Group have implemented the cloud-based solution across the company’s Americas portfolio including: Radisson Blu, Radisson, Radisson RED, Park Inn by Radisson and Country Inn & Suites by Radisson.

“We continue to look at all the investments we are making through the lens of our owners and franchisees and this new platform allows us to dramatically standardize, digitize and automate our owner, franchisee, and global sales engagement model,” said Ken Greene, Radisson Hotel Group president, Americas. “We look forward to continuing our collaboration with Accenture to improve efficiencies across the company and fuel our future growth plans.”

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Radisson wanted to equip its owners and franchisees — whether the owner of a single Country Inn & Suites by Radisson or an owner with a portfolio of hotels across multiple brands and countries — with standardized tools and information that helps them to apply for, open and operate their Radisson Hotel Group properties with greater ease.

As part of the project, Accenture helped develop “Community by Radisson Hotel Group,” an owner / management facing website that provides a more personalized, cross-functional approach to improve the owner and franchisee experience. Built on Salesforce Sales Cloud and Salesforce Community Cloud, the solution helps owners and franchisees to easily and consistently onboard hotels, maintain brand standards, and respond to sales opportunities. For Radisson Hotel Group team members, the platform digitizes internal processes to lower operational costs, helps rapidly close deals for new or renewed properties, and interfaces with owners, franchisees, and hotel sales customers more consistently for a better experience and connection with their corporate contacts.

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“With Accenture’s help, we’ve developed a solution that consolidates the franchise-owner touchpoints into a single portal that provides standardized processes for operational effectiveness,” said Aly El-Bassuni, Radisson Hotel Group senior vice president of Franchise Operations, Americas. “The single-platform solution gives our franchisees the ability to analyze, consolidate and segment system data to personalize the right experience at the right time, enhancing their decision-making capabilities and enabling them to respond more quickly to ever-changing guest expectations.”

Michael Schmaltz, Accenture managing director for Products Technology Consulting said, “Radisson Hotel Group understands that in today’s digitally disruptive environment, the needs and expectations of owners and franchisees are evolving constantly. The Salesforce-based integrated solution we’ve developed for Radisson Hotel Group will enable our stakeholders to take advantage of existing data assets for improved efficiency and performance, and greater franchise owner satisfaction.”

Salesforce, Sales Cloud, Community Cloud and others are trademarks of salesforce.com, inc.

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Cloudera and Carl C. Icahn Announce Agreement

Cloudera to Add Two Representatives to the Board Parties Implement Standstill Agreement

Cloudera, Inc., the enterprise data cloud company, announced that it has reached a voting and standstill agreement with Carl C. Icahn and certain of his affiliated entities regarding, among other things, the membership and composition of the Company’s Board of Directors and its committees. Based on the Icahn Group’s Schedule 13D filings, the Company believes the Icahn Group beneficially owns 50,343,460 shares, representing approximately 18.36% of the Company’s outstanding common stock.

Under the terms of the Agreement, Cloudera has agreed to appoint Nicholas Graziano and Jesse A. Lynn (the “Icahn Directors”), both of whom are employees of Icahn Enterprises L.P., to the Company’s Board of Directors, effective immediately.  Cloudera, which has a classified Board, will appoint Messrs. Graziano and Lynn as Class I directors whose terms expire at the Company’s 2021 annual meeting.  Cloudera will also expand the size of its Board of Directors to 10, and has agreed to limit the size of its Board to 10 for the term of the Agreement, though the Company is permitted to increase the size of the Board to 11 to add the Company’s new Chief Executive Officer to the Board upon his or her hiring.  Cloudera has also agreed to appoint Mr. Graziano to the Mergers & Acquisitions Committee of the Board and Mr. Lynn to the CEO Search Committee of the Board.

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Under the terms of the Agreement, the Icahn Group has agreed not to nominate any directors at the Company’s 2020 annual meeting of stockholders, to vote all shares of the Company’s common stock beneficially owned by the Icahn Group in favor of the Company’s director nominees, and vote in favor of the Board’s recommendation to ratify the appointment of the Company’s independent auditor at the annual meeting of stockholders in 2020.  The Icahn Group will also limit its beneficial ownership of Cloudera securities to 20% of outstanding common stock and abide by customary standstill provisions and voting commitments, effective as of the date of the Agreement through the later of (x) the date that is 30 days prior to the deadline for the submission of stockholder nominations for the Company’s 2021 annual meeting of stockholders and (y) the date 30 days following the date that no Icahn Director is on the Board and the Icahn Group has no right to designate a replacement director.

The Agreement includes other customary provisions.  Additional details about the Agreement as well as today’s announcement will be contained in a Form 8-K filed by Cloudera with the U.S. Securities and Exchange Commission on August 12, 2019.

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“We are happy to have reached this agreement with Mr. Icahn and welcome Mr. Graziano and Mr. Lynn as members of our Board of Directors,” said Martin Cole, Chairman of the Board and interim Chief Executive Officer of Cloudera.  “Since the disclosure of his stake in Cloudera, we have been engaged in very constructive conversations with Carl and his colleagues.  Based on the strength of our product portfolio, our impressive enterprise customer base, and the potential of our forthcoming new Cloudera Data Platform, Carl has indicated that he believes Cloudera is undervalued — and we fully agree.  Together with our new directors, the Board will continue to oversee the execution of Cloudera’s strategic plan and drive value for stockholders.”

“Our discussions with the Cloudera Board have been very positive,” said Mr. Icahn.  “We see in Cloudera a company with many opportunities to increase value for all stockholders and we look forward to having a voice in the boardroom to do so.”

Morgan Stanley & Co. LLC is acting as financial advisor to Cloudera, and Fenwick & West LLP is legal advisor to Cloudera.

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SRAX Announces Growth of SRAX IR Platform and Enhanced Features

SRAX, Inc., a digital marketing and consumer data management technology company, unveiled significant new features to its  SRAX IR platform, which enables issuers of public stock to analyze and engage shareholders.

SRAX IR is quickly becoming an essential part of the public company ecosystem. With over 20 companies/partners on the platform the company has a goal of reaching 100 by the end of 2019. SRAX IR is a SaaS platform that while providing invaluable insights to public company issuers, delivers a long-term recurring revenue stream for SRAX and builds one of the most valuable data sets in the industry.

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“Our goal is to build tools that create long term recurring revenue streams for the company, we have accomplished that with SRAX IR,” stated Christopher Miglino, CEO and founder of SRAX. “With SRAX IR’s new features, public companies will increase insight to influence their narrative, augment outreach, and optimize engagement across communication channels. These enhancements are the first of many planned opportunities to develop additional tools. SRAX IR is quickly becoming a one-stop shop for publicly-traded companies to not only monitor shareholder activity, but also effectively market against the rich data generated in the platform.”

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SRAX IR New Features

  • Contact Info Lookup delivers comprehensive audience data including phone numbers, emails, and social media links for LinkedIn, Facebook, and Twitter to enable issuers to connect directly with shareholders.
  • Warrant Management enables issuers to monitor and manage warrants as well as to calculate proceeds at different price scenarios in an interactive environment.
  • Situation Room provides real-time data to help issuers understand the price at which certain investors are buying and selling equities.

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iKala Provides Google Cloud Marketing Analytics Solutions for EC Industry

Drawing from its rich experience in data-driven marketing and digital transformation solutions, iKala GCP.expert has invented a Cloud for Marketing (C4M) strategic structure. Utilizing its Big Data Lake solution, and with Google Cloud’s powerful data analytics and AI technology at its core, iKala can help customers quickly implement four smart marketing strategies to efficiently complete their digital transformation, while increasing the revenue and value of the company brand.

Trust the Data: Four E-Commerce Marketing Tips from iKala

Strategy #1: Performance Ads

First, measure the quantitative result of every advertisement placed by establishing a media evaluation mechanism. Then, perform a multifaceted comprehensive evaluation that offers insight on the audience overlap of different media ads. By identifying which media platforms complement or detract from one another, it will raise the efficacy of the ad placements.

Strategy #2: Omni-Channel Customer Journey Optimization

Track the customer’s journey, improve their perceived value, and create a suitable user scenario. By tracking the consumer across multiple devices (whether it’s smart phone, tablet, or computer) in real-time, users can gain insight on the customer’s behavior, and optimize the buyer’s journey. By recommending products in a customized scenario, it can dramatically decrease websites’ bounce rate, maximize conversion rate, and ultimately achieve the goal of increasing sales.

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Strategy #3: Scenario-Oriented Recommendation

Gain insight on your client by improving customer intimacy. Utilize the process of feature engineering to build a precise profile of your customer. Construct a data mining model and predictive analytics model to better understand user habits, life cycles, retention and repurchase projections, etc. The ultimate goal is to build a long-term customer relationship by accurately grasping the principle of the 5 Ws: Who is your user group? When are they exposed to your message? What is the content of your message? Which part of your message takes top priority? Where will you place this message for users to see?

Strategy #4: AI Powered Persona for Contextual Marketing

Using machine learning to construct analytics and predictive models offers a more multifaceted view of the big picture. In the past, the RFM model was widely used. This model measures the recency, frequency, and monetary value of customer spending; however, a marketing strategy boxed in by these three dimensions fails to take other users’ behaviors into account, and so it may be inadequate to respond to market needs. Intelligent empowerment uses AI to enhance the model, allowing branded e-commerce companies to see a complete customer profile in real time, thus achieving the objective of precision marketing.

As Traffic Growth Tapers Off, Marketing Becomes More Fragmented

As the cost of digital advertising continues to rise, and more and more providers enter the market, internet users’ growth has not only slowed down, but the user population is also showing signs of shrinkage. The era when traffic growth could be boosted by the increasing number of people going online has officially come to an end. And there is more for digital marketing teams in branded e-commerce companies to fret about. As consumers gain access to an increasing number of different devices, they are inundated by information. Digital marketing campaigns are not just competing with one another; they must wrest the users’ attention from other distractions, such as social media. Fragmentary marketing data is spread across multiple channels. If these valuable puzzle pieces cannot be collected and cobbled together a complete story, the companies will never get a comprehensive picture of who they are selling to.

iKala GCP.expert Retail & EC Solution Page
iKala GCP.expert Customer Success Stories
A look back: iKala Propels Big Data-Driven Precision Marketing with Google Cloud

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Combine Technology with Creativity to Enhance Brand Experience

As digital marketing and the e-commerce industry continue to transform, marketing specialists must remain flexible and make full use of the latest technology. They must use analytics tools to better understand the customer, and they must deliver the right message to the right audience through diverse channels, so their creative marketing content could have the intended effect. Based on this concept, iKala has been successful in creating many products that combine technology with creativity. For instance, KOL Radar, the biggest internet influencer matchmaking platform in Taiwan, uses AI technology to optimize its influencer recommendation database. Conceived in Taiwan but operating in Southeast Asia, Shoplus is an online community e-commerce tool that uses intelligent chatbots to meet social sellers’ needs. StraaS is a commercial streaming service that combines cloud streaming with AI technology for audio and video application purposes. PicaaS uses AI deep-learning to automatically touch up photos. GCP.expert provides data analytics services for marketing. These are all examples of how an intimate brand experience for customers can be achieved with the support of cutting-edge technology.

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Current Attribution Solutions ‘Verging on Useless’, Say Digital Marketers – Survey

Lack of Credible Attribution Renders Marketers Susceptible to Pressure to Invest in ‘Favourite’ Channels, with ‘Maximising ROI’ Just a Pipedream Paid Lip-Service

Digital marketing managers have slammed current attribution solutions as verging on useless, in a new survey commissioned by QueryClick. Unreliable or false attribution leaves almost 90% of marketers afraid to invest in activities with any kind of long-term payback because of their inability to prove the value. Fewer than one-in-seven marketers find that adjusting their marketing investments based on attribution insights delivers the predicted results. Overall, the survey reveals that marketers find current attribution insights tools are of negligible, arguably negative, value.

In the absence of credible attribution insights, more than two-thirds of respondents (67.5%) report that internal stakeholder pressure restricts their option to invest in marketing activity that has a longer payback period than last-click measures. Six in ten respondents feel under pressure to over-invest in Paid Search because of its instant results and easy measurability, only 15% of respondents feeling no pressure to do so.

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As a consequence, only 14.5% of respondents disputed the idea that their SEO and PPC strategies are misaligned for maximum overall return on their digital marketing investments.

Digital marketing agencies which often claim to help their clients maximise ROI are also held responsible for sub-optimal ROI by respondents: a substantial 60.5% agree that agencies tend to over-focus on PPC because it enables them to demonstrate immediate results, even though doing so may not maximise ROI for the client.

“In reality it’s irrelevant whether the pressure to invest in short-term measures like PPC came first and the lack of credible attribution to resist that pressure came second, or whether the unacknowledged deficiencies of attribution are causing marketing managers, their managers and agencies to default to short-term measures like PPC. The fact is that, after twenty years of everything digital being supposedly measurable, attribution is digital marketing’s dirty secret; a huge broken promise that will cost UK companies a significant proportion of the £15bn it will spend directly on digital marketing this year alone and far, far more when you factor in the missing return on that investment,” said QueryClick founder and CEO Chris Liversidge.

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Key survey responses:
  • 58% of respondents feel constrained by their current attribution model(s) from implementing marketing activities with a long-term payback, with only 11% in disagreement
  • faced with the statement “Investment changes we make based on attribution insights generally fail to deliver the predicted results”, 61.5% of respondents agreed and fewer than one in seven disagreed
  • over 90% of all respondents apply more than one attribution model, with Data-Driven (21.5%), Position-Based (20.5%) and First Interaction (12.5%) accounting for over half of respondents’ primary attribution models
  • marketers using the third-most-popular First Interaction attribution model are disproportionately unlikely to find their attribution insights helpful in changing their investment strategies, followed by marketers using Position-Based and Last Click models. Marketers using Data-Driven attribution are most likely to find their insights of value
  • asked directly, almost 6 in 10 respondents (58.5%) suspect that their SEO and PPC strategies are not aligned for maximum overall return on investment (ROI) for their marketing budgets; only 14.5% disagreed
  • asked indirectly, amid a question about the primary reason why their SEO and PPC strategies are misaligned, the proportion of respondents confident of alignment dropped even further, to just 5.5%

The latter statistic suggests 94% of respondents know full-well that their investments are sub-optimal. Primary reasons for this varied, headed by budget – always an easy target – on 26%. However management pressure to focus on a particular channel (22%), decisions made by agency (16%), decisions made by respondent and their team (16%) and inaccurate/no attribution (14%) followed closely.

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Given the experience and seniority of respondents, potential explanations for this are limited but include:

  • management has access to better information than the digital marketing team, but isn’t sharing (unlikely)
  • management is taking a short-term view and wants immediate results at the expense of long-term optimisation of ROI
  • the digital marketing team does not have sufficient credible information to be able to resist management pressure

Liversidge added: “The survey tells us time and again that attribution is something done as a matter of course, but without much conviction, and rightly so: if the insights gleaned from historical analysis cannot help marketers to perform better ‘next time’, then the accuracy of that historical analysis must be in doubt. When we factor in that marketers feel under pressure from management and agencies to invest in specific channels, we might also speculate that pretty much everyone is aware that current digital marketing attribution is little more than an unacknowledged charade.”

QueryClick brought a Unified Analytics solution, Corvidae, to market in 2018. Using a completely new approach to attribution, it blends online and offline data, of any type or quality, using a patented machine-learning approach. It cleanses marketing data and reveals up to 334% more data for attribution than any other available solution. During its first pilot, Corvidae delivered a 37% media spend reduction and a £976k revenue uplift across £11.8m of multichannel media spend, giving an overall ROI of 40:1 for the client.

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Utopia Global, Inc. Brings on Chief Customer Officer to Accelerate Its Growth

Utopia Global, Inc., a global leader in enterprise data software and services, announced that Doug Gattuso has joined the company as Chief Customer Officer. Doug will have global responsibility for sales, business development and marketing.

Doug has held various sales and operational leadership positions throughout his career across the US and internationally in Latin America and Europe, including President of a leading nearshore IT services provider, NEORIS, and as Partner & Managing Director at Computer Sciences Corporation (CSC) Consulting (now DXC). Under Doug’s leadership, NEORIS achieved 500% growth in the USA and during his time with CSC, Doug was instrumental in the development and deployment of the company’s application outsourcing strategy and their Global WorldSourcing organization in addition to holding regional leadership responsibilities for sales, marketing, and delivery.

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“Over the last 17 years, we have relied on two major drivers for success: a laser-like focus on customer needs and cutting-edge innovation. Doug has always put customers first in his career and his addition to our executive team as Chief Customer Officer re-emphasizes the voice of the customer within our organization,” said Utopia CEO, Arvind J. Singh. “We are delighted to welcome Doug back to Utopia where he successfully served as our SVP of Sales and Marketing in 2014-2015,” added Singh.

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“I’m very excited to be returning to Utopia at such a special time in the company’s history. With 17 years of successful innovation, Utopia has weathered through challenges and emerged as a thriving contributor within the SAP ecosystem. With an established leadership position as an SAP software Solution Extension and Services partner for end-to-end data solutions, Utopia has reached the tipping point and is poised to move into a new level of growth. This will be an exciting time for our customers, partners and colleagues,” noted Doug.

Doug holds a Computer Science degree from the United States Naval Academy in Annapolis, Maryland and subsequently achieved the rank of Captain in the United States Marine Corps prior to beginning his work in commercial sectors.

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Getting Started with LinkedIn Live

LinkedIn Live is LinkedIn’s version of Facebook or Instagram Live. This new platform allows users to broadcast live video to their network, and allows company pages to broadcast to their followers. The platform is being rolled out slowly and is currently being piloted by a small group of users, so it isn’t yet available to the general public, but you can apply to be a part of the pilot program.

I was able to get early access to LinkedIn Live as part of the alpha group (more on how to get in below). While I applied via LinkedIn’s contact form, I also emailed everyone that I could find who’s posted something under the hashtag #LinkedInLive. This included broadcasters in the alpha program, LinkedIn Product Managers running this new initiative, and people running the third-party platforms you need in order to broadcast. I’m still not sure who exactly got me approved. But, a week later I got a message from LinkedIn saying I was in.

A month ago, when I was first able to start livestreaming, it was estimated there were around 200 people in this alpha program. However, it has continued to grow and now I’d estimate there are over 500 people that have the ability to livestream on LinkedIn.

It’s unclear if LinkedIn will allow all users to eventually use this functionality. If that happens, it will most likely be more than 9 months from now as the program is still in its infancy. Right now, it’s still just for the early adopters. And, in my opinion, it will be the early adopters who get the most value from it.

Benefits of LinkedIn Live

Like many of the new features on a given social network, LinkedIn Live provides benefits that can’t be replicated as easily elsewhere online.

A wide audience: The biggest benefit of LinkedIn Live is definitely the ability to live stream to a large network. Any time you go live, everyone who follows you will receive a notification on LinkedIn and a push notification on their mobile device. This will no doubt go away and is a key benefit that early adopters get for being on the platform. In the meantime, the current users of the platform get added reach. This is especially true for companies trying to build an audience with HR, Sales or any of the other core power user demographics on LinkedIn.

Getting Started with LinkedIn LiveProduct Influence: By being an early adopter of the technology, you have the opportunity to define what the future of the platform will look like. By getting on LinkedIn Live before the general public, you can give LinkedIn feedback on what’s working, and what’s not. This is a great way to ingratiate yourself with the Product Managers of one of the most important social networks at a time when they are hungry for feedback.

Define the Medium: The early adopters are now trying to figure out what content works the best. Is it educational, AMAs, roundtables – the people and organizations who figure this medium out first will have a large headstart in capturing a valuable audience of business minded decision makers.

Broadcasting with Third-Party Tools

LinkedIn doesn’t currently allow you to broadcast video directly from their website or app, so they rely on third-party broadcasting platforms that you can connect to your LinkedIn account.  These providers also work with other live sources like Youtube, Facebook, Twitter, etc with your account.

The partners LinkedIn currently works with are Switcher Studio, Socialive, Wirecast, Restream.io, and Wowza (with more coming soon). Here’s a brief overview of the pricing and features of each of them. Each of the partners offers some sort of a free trial so you can find the one that works best for you!

Socialive:

A Socialive subscription costs $179 per month with a 14 day free trial. The platform offers standard graphics and overlays, a mobile app, and the ability to invite guest broadcasters.

Getting Started with LinkedIn LiveWe used Socialive a few times. It’s a newer product and so we ran into a few bugs. However, their customer support team is stellar and they responded very quickly and were always willing to jump on the phone with us to trouble shoot whatever was happening at that time.

Switcher Studio:

Switcher Studio offers standard overlays to your videos and a solid mobile app. However, the video chat functionality, which allows you to have multiple video feeds comes at an additional cost. We have also tried out this product and found that it was very reliable when broadcasting from a single camera, but was more spotty when using the video chat functionality to bring in multiple broadcasters. Once you get a hang of the app, the functions are pretty simple to use. Pricing for personal use starts at $29 per month and $49 per month for businesses.

Getting Started with LinkedIn LiveIt’s also worth noting that this tool is offered on mobile only. So, make sure you have an iPad to use as a control center.

Wirecast:

Wirecast is more expensive than the competition (starting at $249 per month or $449 for multiple input sources) but comes packed with additional customization and features. This product is geared toward people with more advanced broadcast needs, but even boasts compatibility with a USB controller for the interface.

Getting Started with LinkedIn LiveLinkedIn’s two newest partners, Restream and Wowza offer similar live broadcasting services and start at $16 and $49 respectively. They are brand new to the platform and so we haven’t had time to play around with them.

Best Practices

The platform is very new and has some wrinkles being worked out, so here are some of our best practices for using the platform:

  • Make sure you are using a device with robust graphics performance to manage your broadcasts. We have had the fewest bugs when broadcasting from mobile devices like recent iPhones and iPads. These devices were built for video and seem to work a lot better than a traditional web browser. Even our brand new MacBook Air had issues processing video at a rate required for these streams.
  • Test all of your cameras, feeds, and overlays before beginning the broadcast. Though this doesn’t eliminate the possibility of a technology glitch, it certainly reduces the likelihood that something will go wrong while you’re live.
  • Have a friend who’s controlling the overlays and monitoring the broadcast and comments to ensure everything is running smoothly. They should also do their best to stimulate the discussion with pre-planned questions and comments.
  • Make sure your content is something that’s worth doing live. If it’s something you could pre-record and post on Youtube, you aren’t really going to benefit from doing it live. Think of content with which you can engage the audience through comments and questions, or by broadcasting events happening live.
  • Start your broadcast 5 minutes before you plan to start the meat of the content. This gives your audience a chance to see the notification to join, and enter the stream. Have someone on your team post a few comments alerting people that the broadcast will begin shortly, and ask a question or two to engage the first people who join.

Getting Started with LinkedIn LiveWhat we’ve tried

We’ve tried a variety of different types of LinkedIn Live content from informational videos to live events, interviews, AMA’s, roundtables, and even game shows. As you would expect, we’ve had the most success with the most interactive events where we’re constantly asking the audience for their questions and comments.

Getting Started with LinkedIn LiveFor example, our videos with the greatest viewership and engagement were the live game shows on HR Tech. We found a few contestants and asked them questions about the industry and asked the audience to participate. These were entertaining, informative, and very well received! Overall, Linkedin Live is a new, buggy, but very promising platform that allows B2B marketers a new way to engage with a large and valuable audience.

Have you tried anything on LinkedIn Live that’s worked well? Let us know in the comments!

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inMarket to Acquire Thinknear, Expand Location-Based Marketing Solutions

Deal Will Cement inmarket as a Leading Location Marketing Technology Platform, Further Enriching Real-Time Predictive Advertising and Insights Capabilities

inMarket, the leader in digital advertising for the physical world, announced plans to acquire Thinknear, a premier provider of location-based services, from Telenav, Inc.. The acquisition will have Thinknear’s team and intellectual property join inMarket in exchange for Telenav receiving a minority equity interest in the fast-growing company. Following inMarket’s 10 years of bootstrapped expansion and 89% year-over-year growth in Q2 2019, the combined business will roughly double headcount and revenue. The transaction is subject to customary closing conditions and is expected to be completed during the quarter ending September 30, 2019.

In today’s current climate where a number of location companies have downsized or exited the media space, both inMarket and Thinknear have flourished with diversified, unique and effective product suites that clients embrace across a variety of verticals. Combining the Thinknear and inMarket businesses will create a marketing technology platform with clients across the automotive, quick service restaurant, retail, finance, healthcare and consumer-packaged goods industries. Longtime clients will gain new options to serve their needs via best-in-class managed as well as self-service platforms that lead performance benchmarks for ROI, viewability, and other measurement KPIs.

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“Since Thinknear’s founding days, we’ve been incredibly impressed with their reputation for industry-leading performance and accuracy. inMarket and Thinknear combined have almost two decades of successful location technology innovation, yet have tackled the opportunity of timing and targeting in very complementary ways. Combining these thriving solution sets allows us to further delight our clients and help them grow by consistently delivering high ROI consumer engagements,” commented Todd Dipaola, Chief Executive Officer and Founder, inMarket.

The acquisition will allow Thinknear’s clients to engage at the moment of truth through inMarket’s 50 million Comscore-verified smartphone integrations. These direct connections enable brands to identify and engage consumers during multiple touchpoints of the purchase journey, including as they walk into any location in the US.

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inMarket’s Moments technology delivers real-time, premium engagements with customers at precise locations during consideration and decision. inMarket clients will gain access to Thinknear’s place-based targeting and Geotype technology, which create valuable high-performing profiles around ideal customers based on location behavior. Thinknear’s Geolink is an advanced self-serve dashboard that will give inMarket clients one of their most requested features– the hands-on ability to launch campaigns themselves from trading desks.

All clients will also be able to tap into inMarket’s industry-leading insights, long cited as an authority on U.S. consumer trends by WSJ, Bloomberg, Business Insider and more to quantify consumer retail trends down to the SKU level. The resulting technology powerhouse will give clients a 360 degree view of their customers’ behavior, as well as their competitors’. As the dominant player in closed-loop activation and measurement today, inMarket continues to help the world’s most successful brands continue to accelerate growth in the future.

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