Opportunities to grow business across the customer lifecycle
There is always a huge interest in digital marketing trends and innovation in marketing around the turn of each year. 2022 will be no different, in fact, it’s particularly true since the pandemic has forced downward pressure on marketing budgets meaning that marketers are looking for new cost-effective techniques. According to the 2021 Gartner State of marketing budget report, marketing budgets have fallen to their lowest recorded level, dropping to 6.4% of company revenue in 2021 from 11% in 2020.
You can see that these cuts are consistent across sector and we can anticipate these reductions across businesses of all sizes. Consumer brands, financial services companies and healthcare seem to have been less impacted by the pandemic as we would expect.
Digital media spend increases while agency spend decreases
The Gartner research shows CMOs have…
Digital marketing is more important now than ever. Take steps to create, streamline, or optimize your marketing strategy today and accelerate your results in the coming year
Where do you start if you want to develop a digital marketing strategy? It's still a common challenge since many businesses know how vital digital and mobile channels are today for acquiring and retaining customers. Yet they don't have an integrated plan to support digital transformation and company growth, and engage their audiences effectively online.
If your business doesn't have a strategic marketing plan you will suffer from the ten problems I highlight later in this article and you will lose out to competitors who are more digitally savvy.
For each of the ten problems, I will also recommend marketing solutions and next steps to help you optimize your marketing strategy to win more customers in 2022.
What is digital marketing?
Digital marketing, specifically, refers to 'Achieving marketing…
Marketers, managers, and digitally-savvy customers have all experienced first-hand the effects of Financial Services digital transformation over the last year.
Of course, challenges relating to digital transformation are not unique to the financial sector. As in many industries, COVID-19 was another resounding wake-up call for the financial industry in terms of digitalization.
In this blog, I will be making my Financial Services digital transformation recommendations, based on trends and innovation in the sector at present.
Even before the pandemic, Financial Services customers were already seeing rapid growth in digital services available online. The digital disruption caused by the events of 2020 only accelerated that.
Now, many industry studies are suggesting Financial Services digital transformation will have a lasting effect. So, it's up to Financial Services marketing leaders to ensure their business is reaching, interacting with, converting and engaging customers across all digital touchpoints in the customer lifecycle. This is demonstrated via our popular RACE…
What does future-proof digital marketing training look like?
When it comes to technology, “The ability of something to continue to be of value into the distant future and not become obsolete” seems pretty obvious. We can all recognize items that have become obsolete as technology changes and improves. But, what does future-proof mean in the context of digital marketing training for work and employment?
From my perspective and looking at reviews from experts in education and psychology, to be future-proof is to “Continue to be useful or successful in future when the situation changes.”
This definition sounds a bit woolly but can be distilled into three primary components:
Being able to identify opportunities by anticipating the future
Using this knowledge to minimize the effects of shocks and stresses of future events by having a clear strategy
Then, using this strategy to…
Digital marketing, simply put, cannot be ignored
No one can be found disputing the power of effective marketing. After all, if a marketing and advertising campaign are executed expertly, it can serve the requirements of any business and grow the demand for the product or service that they offer. While the need for marketing is still present, the areas where marketing is most effective has improved a lot.
The rapid growth in the field of digital marketing has launched a new era of human engagement throughout every aspect of life. For industries that are business-centered, the combined effect of digital technologies in promotion and marketing has proven to have a high value for online trade and distribution.
Since the world today is witnessing the feasibility of the digital era, marketing strategies involving the utilization of electronic media are prioritized in today’s business approach. Trends of a digital scene including personalized & unique content,…
Chart of the Day: Social Media spend has always fallen well below predictions
Making predictions is easy. Identify a trend and extrapolate to your heart's content. So long as you don't actually check what you predicted against the real world data when the time comes, then you're in the clear.
Except when some killjoy comes along and goes and plots your predictions against what actually happened for four years in a row and found your predictions were consistently overshooting reality.
That's what happened when the CMO survey asked 388 top US marketing execs about their actual and predicted social media spend. The CMOs consistently predicted higher social media spending than was actually the case, and if they were meeting their predictions they would be spending close to twice as much on social media marketing as they are at current.
So why is this? It could…
What does your Horoscope say about your Digital Marketing?
The Digital Marketing Horoscope 2015 links the key digital marketing trends for 2015 with the 12 signs of the Zodiac. Each sign represents a different trend and notable influencer who might share your approach to marketing!
Omnichannel marketing, wearable tech and paid amplification are just a few of the predicted digital marketing trends for 2015, identified by key industry influencers. While mobile friendly content and video continue to be key trends going into the New Year, brands will be focusing their efforts on distributing their content for maximum ROI in 2015. We will also see marketers hone their writing skills to create branded content that is confident, bold and honest to really resonate with audiences.
So, even if you don’t believe your life is governed by the position of the sun, moon and planets, some of the trends below need to be regarded as…
The TOP 5 Trends to look out for in digital marketing in 2015
“It’s all going mobile”.
Yes, we’ve been saying this for some time now. And every year it gets more true. The technology gets better (both hardware and networks). Things just work better. It’s faster. And easier. So consumers are more inclined to do things on mobile devices. As users, we are all accustomed to our mobile devices. We’re well up the learning curve. And so the payback becomes greater and the effort required becomes less.
For most of us, using mobile devices has become a habit and increasingly a life-support system. This thing in our pocket is the most personal communications device ever invented and many of us would struggle without it (ever lose your phone? Or drop it in the toilet? Or just run out of battery? Or struggle to…