7 Game Changing Marketing Trends - Driven By Marketing Analytics

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March 2010 7 Game-Changing Trends Driven by Marketing Analytics

Transcript of 7 Game Changing Marketing Trends - Driven By Marketing Analytics

March 2010

7 Game-Changing Trends

Driven by Marketing Analytics

04/18/2023 2Confidential © SIGMA Marketing Group 2010

77 Trends: Overview

It’s a new era in the world of marketing. It begins with AND is driven by data.

Marketing is being shaped by ever-increasing streams of data about customers, produced by continuously evolving technologies.

Today’s marketing programs are highly dependent on capturing and making that data work to the marketer’s advantage.

Seven trends that figure prominently in the new world of marketing are contributing to the challenges - and opportunities - for all types of marketing organizations.

They all start with the continuous flow of information that marketers struggle to use in the most profitable ways. I am Kenyon Blunt, CEO at

Sigma Marketing Group.

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Trend #1: The Democratization of Data

The Democratization of Data refers to the fact that… more information is being produced and shared now than at any time in history.

Between Web sites, TVs, mobile phones, social networks, and

point-of-sale technologies, marketers

everywhere are accessing information

and making it work for their own use.

MaterialsFulfillment

Direct Mail

Search

Web Site

Social Media Call center

SalesMedia

ConsumerConsumer

Mobile

Email

24/7

365

In-Store

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Trend #2: The Rise of the Numerati

“The Rise of the Numerati” refers to the

people who have the skills to make sense of all the

data and who are using it to change the world.

They’re the specialists in “customer DNA” Marketing’s latest buzzword and the

genetic code that makes customers

different from one another.

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Trend #3: Computing in the Cloud and the SaaS

Computing in the Cloud

and the SaaS, refers to the wide variety of

resources

now being provided over the Web

to users who don’t control the IT infrastructure

that supports these resources.

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Trend #4: The Media Channel Intensifies

Media buyers are among those who need to adapt first to today’s amazing pace of change and who can testify to this trend.

New media, such as YouTube.com, has surprised media professionals by their continuing growth and popularity.

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Trend #5: ROI is King

Naturally, return on investment is always

important, but even more so in today’s challenging

economy.

And if an organization considers its marketing budget to be an investment, versus an expense, this means that ROI has to be the key performance indicator.

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Trend #6: The Myth of 1:1

The Myth of 1:1 – is highly descriptive.

While history shows that marketers have been trying to find the right ways to “classify” customers over the years, they haven’t truly been efficient or effective.

with the advent of social media,

marketing dialogues are replacing the 1:1 targeting espoused

by database marketers.

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Trend #7: Distributed Marketing

All six of the previous trends combine to create Trend #7.

These are services to small and mid-size businesses (SMBs)

made available through a larger

marketer who acts as an aggregator or consolidator. The

services are delivered via a self-serve Web portal.

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In closing…

In the end, as in the beginning…

it all comes back to data and leveraging it

to build on the success of each marketing program.

Organizations of all types can take advantage of the trends in marketing services discussed here - from the continuous influx of data coming from all types of sources, to making sure the data is used to deliver true return on investment, to the latest in Distributed Marketing services.

The goal for any marketer today is to make the most of the pertinent customer data available and continuously leverage that data to build on response rates and profitability.

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Engaging your customersthrough analytics, strategy and

technology

Our Blog: FifthGearAnalytics.com

Web: SigmaMarketing.com

Twitter: @SIGMA_MktgGrp

Call Toll Free: 888.277.9837Email: [email protected]

Image credits: Salvatore Vuono, jscreationzs , renjith krishnan / FreeDigitalPhotos.net