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11/16/11

Credit Card Reader App Square Adds Loyalty Rewards, Cash Payments

Square, an app that allows you to accept credit card payments, has released an update that adds several new features. Started by Twitter co-founder Jack Dorsey in 2010, Square has seen steady growth and recently announced that it transacts $11 million per day in mobile payments.
Reward regulars is one of the app’s new features, which it lets you define what makes a Card Case (Square’s companion wireless payment app) customer a regular. You then can add a discount on certain transactions, letting them know you appreciate their loyalty and repeat business.
Another new feature — one that users have been clamoring for — is the ability to use Square for cash transactions. Using your iPad you can wirelessly print receipts or open your cash drawer to make change. While the initial setup of this feature may look intimidating, Square walks you through connecting yourdrawer and receipt printer on their site.
Overall the update to the free app and card reader makes the entire package worth more to users. If you are just hearing about Square, it charges a flat 2.75% fee per swipe for all credit cards.

11/15/11

SEARS CANADA CEO ‘NOT PLEASED’ WITH RESULTS

Sears Canada Inc. tumbled to a loss in the third quarter as its sales weakened in the back-to-school season.
The company posted a net loss of $46.6 million in the three months ended Oct. 30, down from a profit of $20.8 million a year ago. Same-store sales fell 7.8% over the same period last year.
“We are not pleased with our results this quarter and have significant work ahead of us,” said Sears president and CEO Calvin McDonald in a statement that was similar to comments made in recent quarters.
“The Sears Canada leadership team, with the support of all associates, is committed to making major improvements and has begun to implement new initiatives that are intended to lead the Company to reach its full potential,” he said.
Sears Canada’s revenue was off 7.1%  to $1.11 billion from $1.2 billion.
The retailer has been struggling to overcome lagging sales in recent quarters as more consumers opt to spend their money elsewhere, and retailers ramp up competition ahead of the entry of newcomer Target Corp. into the Canadian marketplace.
Sears Canada has 196 corporate stores, 280 hometown dealer stores and 1,700 catalogue merchandise pick-up locations across Canada.
The company, 92% owned by U.S. retail giant Sears Holdings Corp., also operates 108 Sears Travel offices and a country-wide home maintenance, repair, and installation network.
Sears Canada had more than 31,000 employees at the end of 2010.

11/12/11

5 Steps for a Successful QR Code Marketing Campaign

Hamilton Chan is CEO and founder of Paperlinks, which provides the leading QR code infrastructure for businesses. Codes generated through Paperlinks app can be scanned by the free Paperlinks iPhone app or by any QR code reader on any smartphone platform.
While the debate rages on whether QR codes are a passing fad or a marketing phenomenon, those little suckers continue to pop up all over the place. From product packaging to retail signs and even to food, almost any surface in the universe seems fair game for a QR code.
However, if brands deploy QR codes merely to claim they are using the latest social media marketing tool, then QR codes are doomed to fall in the “fad” bin, never to realize their full potential. The task for marketers is to use this interactive tool to deliver useful and meaningful experiences to their users.
So, how can you assess whether you are using QR codes to their full potential? Although very few QR marketing statistics exist, here are a few tips for businesses looking to deliver a meaningful QR code experience.

1. Define Your Purpose


The first thing to realize is that QR codes can be as much about utility as they are about marketing. The more your QR code enhances or streamlines the lives of customers, the more engagement you can expect. As such, the most important step in making your QR campaign a success is to think clearly about the purpose of your code.
  • Is the purpose to provide an instructional video, a photo catalog of products, contact information or product suggestions?
  • Or are you looking to incentivize mobile purchasing behavior through coupons and loyalty rewards?
  • What is the advertiser hoping to garner – an email address, social media engagement, a phone call?
  • Are you seeking to provide information about a single product or about the entire brand line?
The clearer you are about the purpose of your campaign, the easier it will be to discern whether your goals have been achieved.

2. Call On Your Customers


Now that you have defined your purpose, craft a customer call to action. Think of your QR code as a doorway, only you need to explain what’s hidden behind the door. The brief text sitting next to your code should be the world’s shortest elevator pitch.
For instance, you’ll see high scan rates if your code says, “Scan this code for an exclusive gift” or “Scan this code for our lowest price.” Be sure to explain any incentive associated with the code truthfully — it will increase trust, consumer interaction and the overall return on your campaign.

3. Design and Usability Is Key


Understand that looks matter. Ideally, opt for a designer code rather than a black-and-white checker box. Designer codes earn higher scan-through rates, look better on your materials, and even provide an element of security to assure users that this is indeed the brand’s QR code (and hasn’t been somehow covered over).
SEE ALSO: 5 Big Mistakes To Avoid in Your QR Code Marketing Campaign
In addition, the design of the mobile landing page is critical. The cardinal sin in QR code campaigns is directing users to your desktop website. Not only does a desktop site provide little added value over what a user could have obtained without the code, but the site usually looks and functions terribly on a mobile phone. If you do not have a mobile-friendly version of your website, consider using one of the many available tools to create one. Using one of these platforms makes it easier to update content in real time and track campaign analytics.

4. Measuring Scans


The most important metric of a QR campaign should not be the number of daily scans. Rather, the length of engagement time that your code is generating should be a marketer’s primary indicator of campaign success.
If people are spending two to three (or more) minutes on a link, the campaign is a success. The power of a QR code is to transform the user experience from a “quick glance” to a “deep dive.” When users spend a lot of time on your QR site, it shows that you have developed something captivating — a brand worth the interaction.
On the flip side, having a low number of scans should not discourage the advertiser, although generating zero scans is a definite red flag. If no one is scanning the code, it’s likely that something is wrong its scanability, or that its placement is not conducive to scanning (think high-up ads on the subway).
Another thing to keep an eye on is the number of scans over time. If your QR code has been constant displayed (e.g., in your retail window or on your cashier counter), you should see a long tail of interactivity as people continue to engage with your code. Achieve this by providing fresh content and incentives. Unlike other marketing vehicles (TV commercials and newspaper ads) that typically only generate one big spike in impressions, QR codes allow businesses a consistent promotional tier. If the number of scans drops to zero after the first week, this is a sign that there wasn’t enough allure to the experience.

5. Social Metrics


Finally, businesses should look at the points of interaction beyond the QR code experience to judge the success of a campaign. Did a business receive more hits to its website, more followers on Twitter, more fans on Facebook? While trying out the latest high-tech marketing tools is fun, we must ultimately be driven by results.
The QR code experience is limited only by your imagination. The more creatively you can provide a meaningful customer experience, the more interaction your QR code campaign will enjoy.
QR codes provide metrics by tying real-world marketing (outdoor signs, magazine ads, etc.) to the mobile web. By being imaginative, purposeful and experimental with campaigns, advertisers and consumers alike can reap rich QR rewards.

Starbucks Starts Accepting Mobile Payments Nationwide

Nearly 6,800 company-operated Starbucks stores in the U.S. will begin accepting mobile payments Wednesday. Customers using the Starbucks Card Mobile app on their iPhone, iPod touch or BlackBerry will now be able to use those devices as tender.
The nationwide rollout marks the official launch of the Starbucks Card Mobile payment program, which has been piloted at Target stores and select San Francisco, Seattle and New York Starbucks locations.
Starbucks Card Mobile [iTunes link] lets users add their Starbucks Cards, track rewards and reload cards as needed via PayPal or credit card. To pay with their phone, app users simply select “touch to pay” and hold up the barcode on their mobile device screen to the 2-D scanner at the register.
An Android application is also said to be in the works, but the company has yet to disclose a release date.
Starbucks is using its own custom-built technology to enable the 2-D mobile barcode scans. The coffee retailer opted for barcode scanning over near field communication technology — which Google is exploring — because of its limited availability. The coffee retailer was reluctant to wait for a NFC ecosystem to develop when its customers have expressed interest in mobile payments now, according to Chuck Davidson, the category manager of innovation on the Starbucks Card team. “Once there are more users, we will adapt,” he says.
In testing, Starbucks assessed the mobile payment option by measuring application speed, transaction speed and total customer wait time, says Brady Brewer, vice president of Starbucks Card and brand loyalty. In all instances, Starbucks Card Mobile was the fastest way for customers to pay.
Starbucks is investing in mobile payments, an investment Davidson describes as modest in relation to expectations, because customers have requested the option and have shown a propensity to not only pay with Starbucks Cards — one in five transactions are made using a Starbucks Card — but frequently use their smartphones while waiting in line.
The company also believes that its customers carry their mobile phones more often than a wallet or purse, and sees Starbucks Card Mobile and the mobile payment program as an opportunity to reach these consumers and build stronger relationships.
Starbucks seems confident that its customers will appreciate the new, faster way to pay. Both Davidson and Brewer believe that adoption will spread as customers tell their friends about the new mobile payment option.

11/3/11

Google+ Adds More YouTube and Chrome Features

Google announced further integration of YouTube and Chrome into its Google+ social network.
The search giant made the announcement in its official Google blog on Thursday, showing how it has continued its integration of YouTube into Google+.
Last summer, Google incorporated the ability to play YouTube videos in Google+ Hangouts. Now it takes that a step further, offering a YouTube icon on the top right of the Google+ interface that does a cool slide move when you mouse over it, asking “What would you like to play?”
Once you’ve entered the name of a video, topic or your favorite musician or band, a pop-up window appears, displaying a list of related videos that might interest you. I tried it by entering “Beatles,” and a Beatles video started playing in a dynamically re-sizing window, while offering more like it underneath.
Share a YouTube video and anyone in your chosen share circle has access to a related playlist, right from your post.
The company also announced a couple of new Google+ Chrome extensions — one is similar to a previously released version that lets you add a +1 to web pages, but now you can also share them with your circles right from its drop-down interface. The second extension lets you see your Google+ notifications right from your Chrome browser:
For those who don’t care to use the Chrome browser, Google says it’s offering a new version of Google Toolbar for Internet Explorer that also has these two new features on board.

Groupon’s IPO: What You Need To Know

Groupon is expected to finally set a price for its IPO late Thursday, the last in a series of hurdles in its path to go public that have included questions about the viability of its business model and SEC questioning over accounting practices.
Sources have told Reuters and The Wall Street Journal the share price will likely be slightly higher than the $16 to $18 that the company suggested in its previous filings.
If the company sets its share price at $19 or $20, it will be valued at about $12 or $13 billion. Sources toldBloomberg the company has already stopped taking order due to demands for shares.
Plenty of critics aren’t willing to predict a successful IPO, however. One site called it “another example of orchestrated hype that has you in the crosshairs.”
Groupon’s IPO process has been closely critiqued. Here’s how they got to this point:
  • Since Groupon filed with the SEC to go public in June, Wall Street has been buzzing with arguments about whether it is worth what was at one point expected to be a $15 billion to $20 billion valuation.
  • Critics point to the large percentage of funding its stockholders and directors took off of the table (86%) after its last three rounds, decreasing momentum and an increasing number of large competitors such asAmazon and Google.
  • Groupon, muzzled by the SEC quiet period that restricts companies from making some public statements during a period of time surrounding their IPOs, responded with a post from its spokescatSupporters pointed to Groupon’s 83.1 million subscribers and potential to pivot.
  • Meanwhile, the SEC held up the process while questioning an odd metric in the IPO filing that seemed to intentionally direct attention away from Groupon’s marketing costs. Groupon ultimately refiled in Augustusing standard accounting metrics — which turned what had appeared to be operating profits into operating losses.
  • Initially, Groupon had planned to raise $750 million. In October, it lowered its goal by about a third and set the goal at between $480 million and $540 million.
  • Groupon plans to sell just 4.7% of its outstanding shares, according to Reuters; that would make it the second smallest stake float in the past decade. Offering a small float could push the stock price upward on the first day of sale, as LinkedIn demonstrated earlier this year when its share price on a 9.4% stake soared during its first day on the market.
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