Text regular text here

Are you a new IMM student? Register now for 1st Year Daytime Student Annual Tutorial Package and save up to R5000 p.a. (Ts & Cs apply). Tutorials start 27 January in 7 centres accross SA.
Sandton phone line is down. Kindly note that the Sandton phone line is down. The office can be contacted on 087 805 2608.

Marketing Trends for 2020: Here’s What Will Happen That Nobody is Talking About

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About

Neil Patel 

Source: https://neilpatel.com/blog/marketing-trends/

The new year is right around the corner. And I know you are already prepared because you read this blog and tons of other marketing blogs, right?

But here is the thing: I also read most of the popular marketing blogs, follow all of the marketing YouTube channels, and listen to the same podcasts you do.

And I’ve noticed that very few people are talking about what’s really going to happen in 2020.

Sure, they will tell you things like voice search is going to account for over 50% of the search queries next year but all of that stuff has already been talked about.

And there are actually more interesting trends that will affect your marketing that no one is really talking about.

So, what are these trends? What’s going to happen in 2020?

Alright, here goes…

Trend #1: Companies who rely on Google Analytics will get beat by their competition

We all love Google Analytics.

Heck, I love it so much I log in at least 3 or 4 times a day. And here is the kicker: I get so much traffic that my Google Analytics only updates once a day.

I really need to break that habit but that’s for another day.

You are probably wondering, what’s wrong with Google Analytics?

There actually isn’t much wrong with it. It’s a great tool, especially considering that it’s free.

But here is the thing… marketing has been changing. New channels are being constantly introduced, such as voice search.

And transactions no longer are as simple as someone coming and buying from you and that’s it.

These days there are things like upsells, down sells, repeat purchases, and even checkout bumps. On top of that, there are so many different ways you can generate revenue for your online business, such as partnerships, affiliate marketing, and even webinars.

This has caused companies to start using analytics solutions that tie into their database better, such as Amplitude.  Or better yet, you are seeing a big push into business intelligence.

A central place where you can tie in all of your data and make better-informed decisions so you can optimize for your lifetime value instead of your short-term income.

In 2020, you will see more companies adopting business intelligence solutions… from paid ones to free ones like Google Data Studio.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About B

If you haven’t checked out Data Studio, you’ll want to start now because it is easy to pass in all of your business and marketing data into one place. For example, you can pass in more granular data from your Facebook ad campaigns into Data Studio while that would be a bit difficult to do with Google Analytics.

Trend #2: Companies will optimize for voice search, but not for revenue

According to ComScore, over 50% of the searches in 2020 will be from voice search. But that’s not really a new trend… everyone has been talking about that for years.

So, what’s the big deal?

Optimizing for voice search is a great way to get your brand out more, but how is that going to convert into sales?

I haven’t seen too many solutions so far when it comes to capitalizing on your voice search traffic, but so far there is Jetson.ai.

If you aren’t familiar with Jetson.ai, it makes it so people can buy from your site using voice search. It doesn’t matter if it is Alexa or Google Home, they work with most of the popular devices.

Jetson Powers Dukes NYC from Jetson on Vimeo.

What’s cool about Jetson.ai is that it can learn from each customer and customize the interactions.

For example, if I keep ordering the same toothpaste from a specific store using voice search, Jetson.ai keeps track of that so you can easily keep ordering the same product over and over again with little to no friction.

Heck, it’s easier than logging into your computer or pulling out your phone to make a purchase.

Trend #3: Your lists won’t convert as well, so you’ll have to look for alternative communication channels

Email, it’s something we all use in the corporate world.

But here is something interesting when it comes to marketing emails… I’m in a group with a bit over 109 email marketers across different industries in different parts of the world.

And can you guess what we are all noticing?

Our open rates are staying roughly the same and that’s largely because we all know how to clean and optimizing for deliverability.

But our click rates are going down.

So far as a group we have seen our click rates drop by 9.4% in 2019.

That’s crazy considering as a group we have over 146 million email addresses.

Now does this mean email is dead?

Of course not!!!

Email is here to stay and will be here for a very long time.

But what companies will have to do in 2020 is to leverage more communication channels.

Chatbots will take off drastically. Not necessarily the Intercom’s or Drift’s of the world but more so the solutions like ManyChat and MobileMonkey.

ManyChat and MobileMonkey leverage Facebook Messenger and as they connect it with Instagram and WhatsApp it will get even more popular.

In addition to chatbots, you’ll see more people leveraging tools that allow push notifications like Subscribers.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About C

It’s so powerful, here is the impact I’ve been able to generate from push notifications so far using Subscribers.

You can wait till next year to lever chatbots and push notifications, but I’d recommend you start sooner than later.

Trend #4: Moats will almost be non-existent, other than brands

You’ve probably heard the word “moat” before. If you haven’t, just think about water around a castle.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About D

Back in the day, they had water all around the castle and they used a drawbridge to get in and out of the castle, so it would protect them from invaders.

With your business, you may have a moat. It could be a feature, your cost structure, a technological advantage, or even a marketing advantage.

Over the years, moats in the online world have slowly been disappearing.

It’s easy for anyone to copy these days. So, what’s separating you from your competition?

Something could work right now, but it won’t last forever…

But do you know what will still be a strong moat in 2020 and even a stronger one in the future?

It’s branding.

People buy Jordan shoes because they love Michael Jordan. His brand is stronger than ever even though he hasn’t played in the NBA for roughly 16 years.

His shoes are so popular, it’s helped him boost his net worth to over a billion dollars. Plus owning a basketball team doesn’t hurt either. 😉

But what’s interesting is he’s made more money after retirement than he did as a basketball player.

And it’s not just Jordan who built a strong brand… so have the Kardashians.

Kylie launched a billion-dollar company according to Forbes and it was all because of her personal brand. Her cosmetic company isn’t doing anything revolutionary. She just has a strong brand… and good for her for monetizing her brand.

The same goes for companies like Nike, Ferrari, Tesla, American Express… and the list goes on and on.

It’s why companies are spending over 10 billion dollars a year on influencer marketing.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About E

Just look at my agency NP Digital. It’s literally one of the fastest-growing ad agencies out there. And when I look at all of my competitors’ numbers, we are growing at a much faster pace because of my brand.

Yes, we have a great team, but again, that really isn’t a moat as a lot of agencies have great teams. It’s my brand that gave us a really fast kick start and continues to hopefully push us up.

You’ll want to build a brand in 2020. Whether it is personal or corporate, it’s the best moat you can build in marketing. Plus, it will help you with Google’s EAT.

Trend #5: Marketing will become a more even playing field, you’ll have no choice but to use automation

When I first started off as an entrepreneur, I turned to SEO because I couldn’t afford the big ad budgets as my competitors.

Heck, I couldn’t even afford to run any paid ads.

Over the years, the playing field has become more level.

There are credit card companies like Brex that make it easier for startups to get approved for larger limits and you may not have to pay them back right away.

There are financing companies that will give you cash to spend on marketing, so non-venture funded companies can more easily compete.

There are even companies like Lighter Capital that will give you loans without all of the headaches based on your existing revenue.

And to top it off, software solutions are now starting to integrate AI to give better recommendations. From Clickflow and RankScience to Distilled ODN… everyone is trying to use AI to make SEO and other forms of marketing.

Heck, BrightEdge can even automate your SEO (or at least a large portion of it). According to them, their automated SEO solution increases page views per visit by 60% as well as provides 21% more keywords on page one​.

Keep in mind their clients are really big (their software starts in the thousands of dollars per month) so they would probably see better results than most companies, but still, you will start seeing many more software companies leverage AI.

Even with Ubersuggest, I’m working on creating AI that does the SEO for you so you no longer have to spend endless hours while, at the same time, saving you thousands of dollars.

In other words, the marketing playing field is getting more even. And if you want to do well, you are going to have to leverage AI and automation.

If everyone else is using it and you aren’t, you are going to get crushed because it will make changes faster and more accurately than a human. Again, it’s the only option you’ll have if you want to continually compete.

But don’t worry, there will be affordable/free solutions that exist, it’s just a matter of time.

If everyone is leveraging the same AI marketing technology, how can you beat your competitors?

Well, it will come down to everything else… price, customer service, upselling, operations, sales… All of the small stuff is what’s going to help you win.

Trend #6: There will be no more silver bullets, we will all have to optimize for marginal gains

A lot of businesses were built off of one marketing channel.

Dropbox grew through referral marketing. Invite more friends, get more free space.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About F

Facebook was built off your email address book. Facebook used to tap into it and invite all of your contacts to use Facebook on your behalf.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About G

Companies like Quora and Yelp were built off of SEO. All of those rankings really help drive their businesses.

But you no longer can build a business through just one marketing channel. Good channels now get saturated extremely fast.

Even if they work and cause explosive growth, it will only last for a short while before your competitors jump on board and make it harder.

Marketing is now heading in the direction of being about “marginal gains.”

There’s a British cycling coach named Dave Brailsford. His belief was that if you improved every area related to cycling by just 1 percent, then those small gains would add up to remarkable improvement.

And he’s right, that’s how you win a race.

The same will be with your marketing. There will be a big shift from people focusing on one channel and trying to find the “Holy Grail of marketing” to working on slightly improving each area of your marketing.

From split testing your title tags to get a few ranking improvements to adding checkout bumps to your order page so you can spend a little bit more on your paid ads to using Google Data Studio so you can better optimize for your lifetime value…

It’s all about the little things. That’s what is going to add up to winning.

That’s what you’ll have to shift your mindset to in order to win in 2020 and beyond.

Trend #7: Personalization is the new marketing

The problem with marketing as it exists today is that 95% of your visitors will never convert into a customer. And that’s if you are lucky.

Chances are you are more likely looking at 97% plus of your visitors never converting.

The big reason isn’t that your marketing sucks or that all of those visitors are junk and unqualified.

It’s that your message doesn’t fit every single one of your visitors.

But through personalization, you can convert more of your visitors into customers.

A basic example of this is Amazon. When you go to Amazon, they know your patterns and what you typically buy so they show you what they think you want to see in order to boost their conversions.

And it works! When I log into Amazon I see tons of household supplies because that is what I buy the most often. I never buy dog food (which is smart because I don’t have a dog,) so I’ll never see ads for dog food.

Marketing Trends for 2020 - Here’s What Will Happen That Nobody is Talking About H

Businesses are also trying to personalize each and every single experience both online and offline.

Companies like Amperity are trying to create a customer relationship engine so you can better serve each of your customers, whether it is online or offline.

Marketing is going to become a game of personalization. With ad costs and even general marketing costs rising, you have no choice but to figure out how to convert the 97% of your traffic that just never comes back.

You’ll see a big push for this in 2020.

Conclusion

I know a lot of the stuff I mentioned above isn’t talked about a lot and they aren’t popular marketing topics that everyone wants to hear… but it is the future.

These are trends that will come true, some already are, and you have to adapt for them.

Here’s the beautiful part, though. You just read this, and now have a chance to act on the information before your competition. So, make sure you go and do so.

I want to see you not only succeed but I want you to beat your competition. And I believe you can, whether you are a big company, or just starting off with very little to no money.

So, what do you think of the trends above? Do you see any marketing trends that will come true in 2020 that few people talk about?

Big things often have small beginnings

The role of social media in content marketing

By Wendy Monkley

CEO Digital Content Lab

Attention with a Capital ‘A’ is what every marketer wants for their brand, especially online. But what makes people follow or unfollow a brand? Much research has been done in this area. Time and time again we are told what we probably already knew – that people follow brands that are interesting and entertaining. The term interesting not only refers to the products and services that are on offer or their relevant promotions and discounts, but also the content associated with that brand. This should make sense, since people (in general) do know what they want, right?

When I first began my transition from ‘traditional marketer’ to ‘digital marketer’ some 6 years ago, I wondered what the point of this endless and seemingly useless supply of content was that brands seemed to produce faster than consumers could read. How does an inspirational quote like “Big things often have small beginnings” contribute at all to the marketing strategy and objectives? Quite honestly it all seemed like a massive waste of time and resource. It took me years of learning and on-the-job practice to fully grasp the power of content. Now, when asked the questions “What is the point of all this content?” and “What does social media actually do?” by brand managers, marketers and CEO’s alike, I answer with this simplified three stage explanation:

First, as with any promotional strategy, the objective for your social pages should be to build awareness of your brand and your product or service offering. In social media speak, your efforts of raising awareness builds a community of like-minded people. Unlike traditional marketing, this effort is extremely measurable by the number of likes/loves and followers you collect along the way. The content that you create for this purpose needs to appeal to your ‘perfect customer’ so that when the time comes for them to consider purchasing, your brand is already top of mind. If fact, eighty percent of social marketers say increasing brand awareness is their primary goal on social (Sprout Social Index, 2019). And for many, this is where it stops.

But, building a community is just the beginning. You now get to speak to your followers – your captive audience. Again, unlike traditional channels of marketing social media provides you with the incredible opportunity to engage with your future customers and have them speak back to you. At this stage of the game, it’s got to be all about them. You need to be listening, observing, learning what they like and love so that you can give them more of the types of content that appeals to them. Now is not the time for hard-selling offers – that will come later. You rather want to be educating your followers about your brand, what you stand for, your company culture and you want to introduce them to and educate them about your products and services. Essentially, you are building trust. If you do this part well, the magic starts to happen – increased traffic from your social pages to your website. After all, isn’t this really where you want your customer to be? If you need further convincing, know that when asked what content type they want from brands on social, the majority (thirty percent) of consumers surveyed said they wanted links to more information (Sprout Social Index, 2019).

And now the unveiling! Because your future customer visited your website, you have the privilege of getting to know them better. Through Google Analytics you can delve deep into several visitor insights; Who are they? What are they interested in? What technology do they use? Where do they live? How old are they? What media to they read? Where do they spend their time when online? And more. It’s here where the true power of content marketing is unleashed. It’s time for those great offers and hard-working ads. Here’s the thing, with all this information about your prospect, you have the power to create an offer that truly resonates with them – and with remarketing technology you can show them your offer in the online spaces that they frequent (outside of your social pages and website). And since they already know you and trust your brand, it’s an easy step for them to click back to your website and make a purchase. None of which would have happened if not for the small beginnings of an inspirational quote.

The three stages above do not necessarily happen in sequence. That would be far too easy. This means that at any time social marketers should be creating three types of content; content that builds communities, content that engages and educates and content that sells. All of which should be aligned to the needs of the customer you want to visit your website and buy your products or services.

The above three stage approach to social content is a sure way to drive real, measurable returns, but it takes time and persistence.