Marketing Entrepreneurship Business Blog for SMB's

Marketing Entrepreneurship Business Blog for SMB's

Marketing Strategy Blog - Marketing - Page 14

Marketing in the digital era is much more complete and multifaceted compared to marketing pre-digitalisation. The way in which we operate on a human level has changed drastically, meaning the way in which we market has adapted to accommodate. 

A key player in this change of attitudes and behaviours has been the COVID-19 pandemic. New meaning has been brought to life. Certain aspects of our day-to-day life mean much more to us now than they did pre-pandemic. 

Traditional forms of advertising no longer cut it. As we now have a new meaning to life, it means our views and values have changed drastically. What used to be effective in attracting customers no longer is, so what does this mean for marketers?

Marketers now need to start thinking outside the box when it comes to their marketing tactics. In order to outperform traditional forms of advertising, marketers need to get creative and start looking at tasks from new perspectives. 

Not sure where to start? Here are our zero-cost marketing tactics that are set to outperform traditional advertising. 

Read more about: Zero Cost Marketing Tactics That Outperform Traditional Advertising

In 2020, our world was flipped upside-down, and our lives changed forever. The COVID-19 pandemic took the world by storm as the way we lived our lives was adapted to a new COVID normal. Stay at home orders were put into place globally, meaning more people were working and studying online than ever before.

In the US, the average adult spends 3 hours and 43 minutes online each day, and the number of digital shoppers in the US rose by 6.4 million between 2019 and 2021. The world is rapidly becoming more and more digital, with the COVID-19 pandemic acting as a catalyst for this increase.

As the digital era begins to take over the world, marketers need to find new ways of keeping consumers engaged. Previous forms of traditional marketing no longer seem fit to keep the minds of digital consumers occupied. It is no longer about creating content that will generate the most views, it’s about creating content that your consumers will see value in, and willing want to engage in.

Read more about: How to Create Valuable Content for Your Consumers

We are experiencing a paradigm shift in digital consumerism online due to the rise of NFTs. Traditional marketing is forever changed, as value and ownership are redefined by this new trend which ensures uniqueness and ownership of online assets. Marketing values are also changing due to NFT’s, as consumers are becoming more and more allured by the idea of virtual reality and experience. It is imperative for your brand's success that you are staying up to date with the popularity of NFTs and are thus integrating them into your marketing ideas. 

Read more about: How NFTs are Redefining Value & Ownerships and What It Means for Marketers

Businesses, brands, and marketing teams have a lot they must account for nowadays. As social media and content marketing is still on the rise, keeping tabs on the number of followers, likes, comments, shares, tags, etc, on such a large number of social media platforms, finding the time to shift through your Google rankings can sometimes be overlooked. But as Search Engine Optimization continues to be a key factor in a company’s marketing regime, keeping on top of these statistics is crucial to your business's success.

Recent studies have shown that although social media has taken over our social lives, Google is still the most popular website worldwide. With more than 86 billion total monthly visits in comparison to that of Facebook who only get 20 billion and Instagram and Amazon who only get 4 billion, Google is still a website you should care about and invest in, going into 2022. 

Read more about: How to boost your SEO results in 2022

Quality and meaningful content is easily the most effective way to engage and have meaningful interactions with customers. Content when used correctly, can educate, relate to, empathise with and communicate with customers from all walks of life. That’s not to say you can just hop on your laptop and start writing the first things that pop into your head, there’s a lot of thought and planning behind even the most spontaneous of posts. Here are 7 of the top current writing trends that can help you better engage and connect with more of your customers.

Read more about: The Top 7 Content Writing Trends to Lean Into

In business, data is everything. It dictates every single decision that is made, big or small. This fact is becoming ever more apparent as businesses continue to embrace the digital age, employing the use of technology for everything from their marketing strategies, all the way through to their business platforms. Therefore, understanding what all this accumulated data means has never been more important. That’s why every marketing department needs a taxonomy specialist. A rather unknown role, in the marketing context, it is the taxonomy specialist’s job to group and organise data. 

Read more about: Why Every Marketing Department Needs a Taxonomy Specialist

The digital shift has changed the way marketers’ market, and how consumers consume marketing. The journey consumers take in 2021 is far different to the one they used to follow. Digital marketing is no longer just about having videos go viral and generating likes and comments.

In the past two years, we have seen a drastic change in the way we interact with each other. The COVID-19 pandemic happened, and meant that for the vast majority of us, the only way to remain connected with one and other was through our screens.

Overnight, we were forced into a new way of life, and digital transformation became essential for most businesses. Companies that were reluctant to jump on the digital wave had to quickly adapt to this new COVID normal of communicating online, and those that didn’t suffered the consequences. 

Read more about: Content Marketing in A Digital Era

There are misconceptions that email marketing is an outdated and ineffective form of advertising against the advancements of modern technology. Email marketing is in fact far from dead. Statistics evince that 90% of adults and 74% of teenagers regularly check their emails.  Although email is evidently not the most up-to-date form of marketing, it is still regularly used by consumers and thus should be utilized correctly in your companies marketing campaign. It is ‘one of the most popular, cost effective and highest performing marketing channels currently available’. That is why it is integral that your marketing team perfects your email marketing strategy.

There is extreme importance in the very first email marketing campaign you run. First impressions are everything, and your marketing team should ensure that the imprint of your company left in the consumers mind is positive. From the first email marketing campaign you organize you are creating your first client list, forming relationships with whom are regarded as your loyal customers. The format and information in this campaign will also leave a long-lasting impression pertaining to your brand identity in the consumers mind. There are many advantages of email marketing, however your company will only be able to benefit from these if this form of advertising is executed correctly the first time. There is no coming back from incorrect greetings or unappealing email designs. Those kinds of mistakes remain engrained in a customer’s memory. 

Read more about: Why Email Marketing Needs to Be Done Right the First Time

What’s the Meta-verse?

In-case you haven’t been paying attention to the latest upcoming changes of the internet – let me explain. Facebook is changing its company name to “Meta”. This rebranding aims to reflect the company’s new concept of a “metaverse” which Mark Zuckerberg promises will be a world as “detailed and convincing as this one [Earth]”. Whether Zuckerberg is successful in pulling off what might be the most ambitious and “next biggest chapter” of the internet is for another blog... but what this uprooting of the Facebook we all know and love - can mean for your marketing team needs to be foreseen and accounted for.

Read more about: HOW YOUR MARKETING TEAM CAN MAKE THE MOST OUT OF THE META-VERSE

In 2018 alone, 124.5 billion business emails were sent globally each day. This figure has only risen in the years since. Hence, email direct marketing is currently the most popular, cost-effective and highest performing marketing channel currently available, offering companies a direct line to the consumers. However, with so many emails inundating consumers’ inboxes, it is crucial that your emails stand out from the crowd. Therefore, curating effective content is key.

Here are 6 ways that you can write effective content for email direct marketing:

Read more about: HOW TO WRITE EFFECTIVE CONTENT FOR EMAIL DIRECT MARKETING

Public relations (PR), at its core, is applied communications. It is much more than accounting, legal, management consulting, and financial planning firms - it is arguably the most important facet for any professional services firm.

Reputation is essential to acquiring customers. This is particularly important as professional services uphold a common identity and are regulated by tradition and a code of ethics. Therefore, from a customer’s perspective, the customer value is in the form of the benefits they receive relative to the costs they give up. What happens when the service is unable to meet customer expectations? This can bring implications for a firm’s reputation if clients feel they no longer want to seek your services.

Professional services firms are quite reliant on ‘human talent’; it is what allows them to increase loyalty and therefore, retention. However, incorporating public relations into your firm will retain your clients and improve profitability.

What can public relations do for your firm? Here are 5 ways: 

Read more about: 5 Ways Public Relations Can Help Professional Services Firms

As digital technology continues to transform the ways in which industries work globally, we must keep up with the emerging trends. Professional Services are no exception to this. As an industry that has traditionally flourished off old fashioned marketing techniques such as: Relationship Marketing, Traditional Marketing Channels and Telemarketing, these firms have been forced to modify their marketing schemes to fit the more effective and modern marketing techniques. In the ever expanding digital world, having an effective digital strategy will not only establish your firm in the competitive online landscape, but also allows you to build a strong impression and relationship with prospective customers and clients. 

Read more about: The Importance of a Digital Presence for Professional Services Firms

Marketing strategy scholars have contended that dynamic capabilities such as adaptability, integration, and deployment of organizational capital assist firms in becoming more aligned with their evolving business environments. With its ability to provide a source of competitive advantage, marketing strategy substantially influences market performance.

Marketing strategy is a construct that provides clear, realistic, and measurable marketing objectives. It is essential to the practice of marketing.

Continue reading to find out 5 key ways marketing strategy adds value to your professional services firm: 

Read more about: 5 Key Ways a Marketing Strategy Adds Value to Professional Services Firms

Brand consistency refers to the delivery of company messaging through time that is consistent with the brand's identity, values, and strategy. Every company should seek to be instantly recognised by its target market. It not only aids in the formation of a strong link between your key messages, values, and your brand's visual features, but it also distinguishes your brand from the competitors.  

Read on further to learn about 5 Reasons Why Consistent Branding is Essential for Professional Services Firms.

Read more about: 5 Reasons Why Consistent Branding is Essential for Professional Services Firms

Content Marketing is a strategic marketing approach, of which is predominantly seen on digital platforms. The strategy is focused on creating and delivering content to attract their specific audience, which also improves SEO scores. For financial sectors, this strategy plays a critical role in the digitisation of their growing online market across Australia. However, with a decline in customer trust levels to 49%, the financial sector has become Australia's second least-trusted business sector. To redevelop these relationships and trust, the sector must reinforce a "customer-centric approach" to increase their brand credibility. Here are three key ways financial firms could benefit from using content marketing to their advantage.

Read more about: How Financial Firms Can Leverage Content Marketing