What Is The Future of Digital Marketing, A Marketer’s Guide – 2012-22

Digital can be mainstream in 10 years

Youth in the larger metros and hand-held devicescould be responsible for driving this change.

Why?

  • Already a major source for news even in real-time
  • TV networks seeking online model to secure their share of the online revenue pie.
  • Online ads are not just cheaper, but efficient and can be customized and served in real-time.

Social Communities Will Be a Part of Life

Current Global Trends:

  • 57 percent of people talk to people more online than they do in real life and 78 percent of people trust consumer opinions posted online.
  • Social networking has exploded globally. Nearly 1 in 5 minutes online is spent on social networking sites.
  • What does it mean for brands: Digital media is increasingly becoming a part of life. Weave social media into everything you do to reach, engage, listen to consumers and invest in ORM.

Auction-Based Buys Will Take-over

  • The top ranking reach networks Google and Facebook operate on bidding. The display investment with Google increased by 92 per cent in the past year.
  • Real-Time-Bidding (RTB), based on audience data will become a ‘must’ for marketers due to their potential to enhance campaign performance.

Digital Media Agencies Will Buy Audiences

As it is an era of an increasingly data-driven market where consumers play a central role,traditional ad space buying model will slowly disappear, in exchange for an audience-centric model with greater efficiency to eliminate campaign waste.
This is the most outstanding trend that every marketer, publisher, agency, data mining company and technology enabler will have to watch out for.

Real Time Planning Will Take Over

Pre-campaign planning will be replaced by planning during the campaign. Instead of inventory, marketers will choose for an audience based on valuable intelligence that satisfies an advertiser’s requirement in real time.

Websites Will Be Critical

  • Branding is going to play an enormous role in the future of website marketing because consumers are seeking information when they want and not necessarily when you are pushing content.
  • Web marketers who take a strong branding and business building approach to the online platform (brands like Nike, the Mini, Adidas, Uniqlo, etc.) will flourish as opposed to those who do one off tactical initiatives on their websites.

Connectivity Will Be Independent of Devices

By 2016, it will all be about connection and what your device can do to achieve that. Media communications will be simplified owing to everything being well connected. Increased compatibility will facilitate communication across multiple platforms through which, the advertising industry will benefit tremendously.

Technology Will Drive Marketing Online

Will we be using a search engine like Google in 5 years? Will we be using desktop computers in 5 years? What will future social networks look like?
The acceleration of innovation in online technologies and the ways we can discover, consume and engage with information can be a challenge to keep up with.

Technology Will Drive Creative (& vice-versa)

  • Driven by consumer expectations who need stimulus beyond the ordinary, first movers, stand alone innovations – that deliver a WOW experience to the consumer will stand out
  • Marketers will need to look for communication opportunities that have the right mix of relevancy & surprise – To have long term ‘Top of Mind’ impact in the increasingly competitive space.

App-based Behaviour Will Drive Mobile Ads

  • With mobile internet usage and mobile search already ahead of desktop, behavioral and geo-targeting, apps will completely change the way ads are sold and consumed on mobile.
  • In the Indian context, apps can drive rural marketing where other modes of reach are limiting.

Location Based Services on the Go Advertising

  • If used right, LBS can be a boon and offer an important basic capability that enables all sorts of innovation in mobile device tools and marketing.

Branded Apps Will Be a Norm

  • Letting someone download a branded tool to enhance their experience of your brand, offers great potential for engagement, lead generation and even direct sales.
  • The App revolution is fueled by a new level of utility in content for mobile devices. The popular tagline “there’s an app for that” is based on this utility. When you can find an app to enhance just about anything you are doing, the net effect becomes transformative.

M-comm will take Over E-comm

  • Easily click a button on a device to trigger a micropayment from your own account without having to re-enter or re-confirm credit card details. M-coupons and offers will further fuel marketing efforts.
  • As the recent text-to-donate campaign for Haiti from the Red Cross showed the world, trying these payments to user’s phone bills may offer another solution.

Digital Will Go Beyond Desktops & Hand-held

  • Digital will link to outdoor, ambient and unexplored realms; all with traditional digital linkages to the Internet
  • National Geographic’s Augmented Reality (AR) Experience in malls, Lynx Falling Angels outdoor AR experience, will be unforgettable for a long time to come and looked up on the web- way beyond the time when these events actually happened.
  • For Marketers it means – Integrating digital in all your plans and capitalizing on activation opportunities where digital can add a revolutionary layer plus long term shelf life.

Consumer-centric Approach v/s Brand Approach

  • Consumer data in terms of their likes and preferences is more accurately available. These can be harnessed to deliver a communication that is relevant and meets intangible consumer needs thereby strengthening relationships. Brands need to be more humane and grounded in order to strike a chord with the audience.

Brands with Pull Strategy Are the Dark Horses of This Race over push strategy.

@bcwebwise

We build a digital architecture that is rooted in research, strategy, branding and content. Layering it with the right brand building assets and maximizing deliverables with the right reach vehicles and technology in the digital spectrum is the key. Through this approach, we strive to achieve the extraordinary and build businesses.

How to Measure ROI of Internet Marketing

How do you measure Return on Investment (ROI) of Internet Marketing? The web lends itself to be measured. After all every impression of a graphic being measurable, the path from which your visitor landed on your web page being traceable, the pages viewed, the likes and comments, the viral effect everything lending itself to being tracked.

However, just like you cannot trace a sale from a TV or Print ad to the actual sale, it is not possible to track the same from your digital campaign, unless you can link an online or mobile coupon at the point of sale.

What is critical however is the difference between a visitor viewing a TV ad or a print ad and the one who is online. The Web or Mobile surfer has clicked on to your website, social content or search listing is that the online customer has proactively chosen to engage with your brand. This is already a plus compared to the audience who is viewing your content as it passes by. The web visitor is very likely to be a customer or a brand ambassador.

So with all the numbers that are indeed measurable, how can you map your ROI? Here is a list of simplified solutions on how you can do that just that.

Setting Goals and Objectives

To map ROI from Internet Marketing it is very critical that you have set your expectations at the onset and also shared it with the agencies who are delivering the solution. Often enough clients / brand managers are not sure of what the end result should be. For example, if you are looking at the website to deliver key product information, the agency will build one that does that. However designing the site alone will not bring in the traffic. The consumer should be informed about this url, or should be able to easily find it. Doing display ads, search marketing, direct mailers, adding the url on your packs, emails, TV and print ads can do that.

If you want the visitors to specifically know more about any one product or service, and fill in an enquiry form and that is the primary action you expect then this goal should be written and shared with all stakeholders in the project.

Traffic To The Website:

With free tools like Google Analytics or try this list of 50 + Tools, you can get a fair idea on the number of visitors who came once, those who visited again, keywords that they used to visit your website, and finally the quantum and quality of time they spent on your website. What all did they view on your website, did they visit the sections you wanted them to, or did they exit from the homepage.

Say your website achieved 5000 unique visitors and each spent 3 minutes on the site on an average. Look also at maximum time spent by any visitor and least time spent. While an uninterested customer would have exited your site quickly, your most interested and likely customer might have spent 10 minutes, making him or her a very likely potential customer who is all set to buy your product.

Review what it would cost you to do a one to one sale with this customer, or measure it against any other campaign you would have done. How much would it have cost you to get 5000 customers in any other form and engage them for 3 minutes. Or how much it would have cost you to reach 500 customers and engage them 10 minutes with each. If there is a better cost online, or if the cost per customer engagement justifies the average value of sale per customer, you know your ROI is positive. Or otherwise!


Social Media Likes & Followers

It is great to have a large fan following, the ROI can however be measured only if this traffic is engaging with your brand. Again, set your expectations right, and have clear objectives of social presence.

a. Your website traffic analytics can show you how much of the traffic you got came form Twitter, Facebook, Blogs, etc.

b. The engagement, how many people are talking about your brand, liking and commenting on posts, asking questions, retweeting, recommending, sharing, etc. Essentially the quality of engagement is something that you should monitor and have grip on. This will also help you to sift the wheat from the chaff, essentially genuine and real followers from fake profiles used to like your page or follow you.

Similar engagement costs comparisons as for a website visitor can be applied to the social media consumers who engaged with your brand. Social media analytics is still a nascent product market, so you do rely on insights provided by the social platforms themselves such as Facebook Insights, or the WordPress Dashboard. You can find recommendations on a few tools on Mashable.com but we recommend relying on the available insights as these third party tools do need to be tinkered and tested with still.

Search Marketing

It is very easy to track traffic that comes to your webpage from the organic as well as inorganic listings or Paid listings (pay per click ‘PPC’ campaigns) on search. While keyword ranking is a starting point to see if you have started listing on keywords that you have identified as important in your context. However the increase in ranking just establishes that the SEO process followed by your agency is apt. The measure of success would be traffic and engagement. The increase in traffic post your Search Engine Optimization (SEO) is a definite indication that the SEO is working. Like wise the traffic that is coming from your PPC campaigns, here’s a post that gives your 5 Key Metrics To Measure Success of Paid Search Campaigns.

The measure of real success then comes from what did this increase in eyeballs result in. Whether the right profiles of visitors are being attracted can be measured by what they are viewing on your site, actions they are taking, the engagement with these users.

Display Advertising

Goal setting is critical here and expectations have to be realistic. Multiple objectives should be avoided, and if unavoidable, at lease prioritize on the expectations. You cannot expect brand and performance to weigh equally.

This is true for PPC search campaigns as well as Display advertising, either you focus on branding, brand awareness, or on performance, the number of leads, sign ups or sales your generate. While it is totally understandable that both are critical for you, a campaign has to be designed giving higher weightage to either or. For brand awareness – check the impressions and clicks to the landing page. For Performance based – check (quality) number of people signing up forms or buying products online.

So measure and analyse. Results depends on various factors – your brand equity where it stands vis a vis competition, consumer perception, consumer need; the positioning; communication message; creative impact; media plan; media outlay. Based on your analysis fine-tune your communication techniques to capitalize and convert the customer who is at your doorstep.