openinnovation.me is great for innovation, but it can also be a powerful tool for marketing.
Regular marketing channels are less and less supportive of innovation. Retail, advertising, and PR prefer to stick to proven things that generate low risk revenue. For them innovation is always questionable because it is more difficult to understand and adopt. This leaves companies that innovate without the necessary support.
But companies can use openinnovation.me to target specific customers, also in tens of thousands, invite them to submit innovations, and reward them. This can be similar to offering coupons or discounts, only that it requires customers to add an innovation.
If 20,000 customers are invited using openinnovation.me, most likely most of them will show interest and remember the product and brand because of the novelty and the reward. openinnovation.me is not a known channel which they got used to ignoring.
And if a brand rewards 1,000 customers 50 EUR each, this is still a cost of only 50,000 EUR for a campaign which reached tens of thousands and had very high engagement with 1,000. While this performance might not work for non-innovative consumer products, it can be very powerful with more complex, expensive, and innovative products, especially in B2B.
To learn more how openinnovation.me can be used in marketing email Andrea Toniolo at andrea@openinnovation.me.
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