Marketing trends constantly ebb and flow, but there are certain trends that have longer-lasting effects on the future of the industry than others. Here are four trends affecting the future of marketing.
Personalization is beginning to affect all customer-facing aspects of the industry, from marketing to communications to the designs of products themselves. Many companies are increasingly leaning away from strategies such as mass emails. Instead, they are focusing on granular data regarding the purchasing and browsing habits of individual consumers. For example, people with experience in the rideshare industry like Eyal Gutentag would utilize the data customers provide after trips to better understand their users’ individual needs, preferences and interests and improve their products and marketing to meet their customer’s expectations.
As the focus of many workflows and strategies shifts toward maximizing efficiency, integrating your company’s departments and systems is becoming an essential practice. You can no longer keep your various teams and the technologies they use in separate silos. Make sure your marketing team is plugged into the workflows of the rest of your company. Marketing experts don’t need to understand all the details of your production teams’ workflows, but understanding the big picture and your company’s overarching goals will inform strong marketing strategies.
3. Artificial Intelligence (AI)
AI is still in its infancy as a tool, but it’s already making great strides in marketing. You can leverage AI and machine learning algorithms to collect and analyze customer data and generate insight into customer trends. These programs are useful tools for developing marketing strategies because they enable your team to collect and study the data they need without spending too much time doing so manually. The increased speed, efficiency and accuracy provided by AI allows your marketing team to spend more time on the creative and implementation aspects of marketing campaigns.
4. Digital Marketing
Digital marketing is the primary mode of marketing in the twenty-first century. If you aren’t allocating at least some of your marketing budget to digital tools, you’re likely to fall behind your competitors. Digital platforms such as social media, videos and web-based ads will be more likely to reach customers. Additionally, digital tools are a convenient way to create your marketing. You can utilize digital tools to develop performance metrics, project the potential impact of various marketing proposals and store data.
If you understand the most common and effective marketing trends, you’ll be better equipped to develop more creative, engaging and competitive marketing for your company over an extended period of time.