In the digital age, keeping promises to customers requires more than just business savvy and startup money. Businesses need to modernize the processes and mindset in this digital age to drive growth and satisfaction. One of the first steps in sparking growth and innovation in contemporary times is abandoning traditional marketing channels and embracing digital ones.
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AI Marketing
Digital marketing initiatives powered by AI have a higher chance of success because they can deliver quicker and more accurate insights into consumer behavior. AI can automate repetitive tasks like data collection and analysis, freeing marketers’ time for more complicated tasks like developing creative strategies.Businesses can improve their understanding of their customers and increase their return on digital investment by integrating AI-powered marketing automation into their digital marketing strategies. Google is one such business that has placed AI at the heart of its value proposition. Since a few years ago, thanks to AI, their search engine is now better able to pinpoint what users are looking for and the types of content that will best fulfill their search intent. Google is aware of users’ needs and the types of content that best fulfill those needs. For instance, if you search for “fish oil,” Google is aware that the main search intent is to find out about its health advantages and disadvantages:
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Immersive and augmented reality (AR) technologies
While augmented reality (AR) has proven to be more practical for marketers, virtual reality (VR) still excites everyone with its grand sci-fi ideas. Although the long-awaited smart glasses from Facebook are more focused on taking photos than augmented reality, this is the first step in what could be a game-changing project. Given how quickly AR develops, brands will increasingly adopt the technology as they discover new uses.
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Programmatic Marketing
The process of automating ad buying with AI is called programmatic advertising. By removing humans from ad buying, companies receive a more reliable and cost-effective solution to their needs. The power of programmatic advertising lies in its optimization scale capacity, which exceeds that of a human: Most search-driven manual advertising campaigns (even those performed with professional tools) take into account three or four targets: the keyword, time of day, and location. One popular application of programmatic ad buying you should consider adopting is real-time bidding (aka. RTB), which uses real-time auctions to buy guaranteed ad impressions in advance from specific publisher sites.
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Conversational Marketing
People want it that way, and so brands are reacting accordingly. 82% want an “immediate” response when consumers have a question. Conversational marketing helps businesses and consumers connect instantly and personally. Companies can provide more engaging interactions while gaining insightful information about their target audience by utilizing AI technologies like natural language processing (NLP) to analyze customer intent and provide personalized responses. Due to their ability to deliver personalized experiences at scale, conversion rates may eventually rise. Some strategies businesses employ to carry out conversational marketing include Virtual selling assistants, personalized emails, personalized videos, and chatbots.
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Personalization
Personalize your marketing in 2023 by personalizing emails, products, and content if you want to stand out. It’s challenging to ignore Netflix and Amazon when looking for case studies of the power of personalization because of their wildly successful tailored recommendations for books or movies. Here are a few more businesses using personalization effectively right now: Based on the user’s age, interests, and location from their Facebook profile, Cadbury’s developed a personalized video campaign that matches a Dairy Milk flavor with them. The campaign’s 65% click-through and 33.6% conversion rates demonstrate the personal touch’s effectiveness.
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Omnichannel Advertising
The tactic is just as viable and applicable as ever, even though the phrase may now seem a little dated. The process of marketing through various channels, including social media, apps, email, and blog posts, provides a better customer experience and a consistent brand message that increases conversions and brand loyalty. In your omnichannel plan, don’t forget to include offline marketing techniques:
- Promotional emails that contain digital coupons that customers can use in-store.
- Direct mail campaigns involve distributing letters or postcards to advertise digital marketing programs.
- Installing digital signage in shops to show both online and offline promotions.
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Visual Content Marketing and Visual Search
A new technique called visual search allows users to upload images into searches. Although it’s still fairly new, two businesses are using visual search: 1) Pinterest With the release of Lens, a visual search tool that enables users to take a photo of an item to find out where to buy it online, search for comparable products, or view pinboards of related articles, Pinterest jumped on the visual search bandwagon. 2)Google Lens Google Lens is visual search engine that uses a camera app to identify objects and locations. Visuals have a tremendous impact on audience engagement. Instead of relying solely on text, you can forge a much stronger connection with potential customers by using eye-catching visuals, such as videos, images, charts, GIFs, and infographics. Additionally, using visual content marketing lets you:
- Convey detailed information efficiently and quickly.
- Amplify brand awareness (particularly with a fun, clever, or helpful visual)
- Make your product or service more memorable so that people will be more likely to remember the message and take the desired action.
- Request that your audience share the photo, GIF, or video (people love sharing cool things like this)
- Improve your SEO so that images and videos will appear in the SERPs with the appropriate alt tags and keywords (and not just image search engines)
- a screenshot of the SERPs’ appearance of images and videos
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Voice Commerce & Voice Search (VSEO)
The goal of VSEO is to make your website content understandable to digital assistants like Siri and Alexa so that they can provide quicker and more precise search results. Businesses must ensure that voice search can quickly find their content by 2023. Here’s how your e-commerce store can benefit from voice commerce:
- Treat your search strategy as a conversation.
- Design content with long-tail keywords as a searchable conversation with the customer.
- Focus on expected queries and suitable keywords. Use trigger words for voice searches (such as who, why, when, how, where, should, could, does, etc.). (such as who, why, when, how, where, should, could, does, etc.)
- Be free to use precise words. Instead, consider the potential context of the customer’s inquiries and provide insightful content that addresses the query.
- Combining different terminologies will produce different sets of keywords and phrases. Naturally, they should address all the pertinent information in the questions.
- Create enticing product descriptions that sound fantastic when spoken aloud. Write informally to reflect common speech patterns.
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Geo-Fencing
Although targeting customers based on their location is a concept that has yet to be explored, we anticipate a rise in geo-fencing use. This market is anticipated to reach $2.4 billion by 2023. Chart indicating that by 2023, the geo-fencing market is anticipated to reach $2.4 billion. Real-time targeting based on a user’s location is possible with geo-fencing. A user receives a push notification, text message, or other forms of marketing communication when they enter or leave a target area, which is defined as, for example, within a mile of a restaurant.
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Uses for Blockchain
A time-stamped collection of unchangeable data records controlled by a network of computers that any organization does not own. These data blocks (i.e., blocks) are each encrypted and linked to one another using cryptographic principles (i.e., chains). Here is an illustration of a blockchain in action: Despite being initially concentrated on cryptocurrencies, Blockchain technologies and their applications have far more applications than just in the financial sector.
- BaaS (Blockchain-as-a-Service) stands for the creation and administration of cloud-based networks by a third party for businesses that develop blockchain applications.
- Verifiable Credential & Self-Sovereign Identity (Universal Identity), which will provide verifiable, universally resolvable, and privacy-preserving credentials to store and manage from the security of our own devices and can display it to anyone, anywhere.
- Decentralized Finance (DeFi) is the transition to smart contracts on blockchains from centralized financial systems like banks, exchanges, and brokerages.
- CBDC (Central Bank Digital Currency), a digital form of central bank money based on Blockchain, is a legal tender created and backed by a central bank. NFT (Non-Fungible Tokens) are unique cryptographically generated token that utilizes blockchain technology to link with a unique digital asset that cannot be replicated.
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Quantum computing
Digital marketing could undergo a revolution thanks to quantum computing. It has the potential to speed up decision-making for digital marketers by allowing them to process enormous amounts of data at once. The theory of quantum physics, which underpins quantum computing, states that subatomic particles can exist simultaneously in multiple states. So how can marketers use quantum computing? What can we anticipate?
- With the adoption of 6G wireless communication networks in the future, mobile data coverage and security will be improved.
- Quantum algorithms are being developed by Google AI and other more human-like AI systems to enhance machine learning greatly.
- Increased relevance of advertisements, such as quantum annealing, to reach more people at a lower cost.
- You can create more targeted digital campaigns by quickly analyzing customer data with machine learning algorithms to identify customer behavior patterns and preferences.
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Creator Economies
The year 2023 will usher in an even greater era of creators, one in which viewers can interact directly with independent content producers like those you see on YouTube and specialized Substacks. The term “creator economy” describes a group of self-employed content producers (bloggers, authors, YouTubers, influencers, etc.) and content curators who follow their passions, gain an audience, and make money from their expertise. To leverage the influence of their networks, the Creator Economy as a digital marketing strategy calls for developing connections with creators and influencers. Brands can more effectively target their audience and exert greater control over who sees their advertisements by utilizing the influencer’s network’s reach. Additionally, marketers can use influencer analytics to understand consumer trends and preferences better and create more specialized campaigns. Three trends are anticipated in this area:
- Creators moving their most devoted followers away from social media platforms and onto their websites, apps, and monetization tools (like Substack); Creators becoming business owners, such as fitness YouTubers who launch their own supplement companies.
- Fans are connecting with specific content creators rather than TV companies, giving creators more clout in the media industry.