5 Top 2017 Marketing Trends And 2018 Marketing Implications

2018 Marketing Implications - 2017 Marketing TrendsTo understand the 2018 marketing implications, let’s examine the 5 Top 2017 Marketing Trends.

The 2017 Top Marketing Trends were driven by 3 key challenges (Hubspot 2017):

  • Generate traffic and leads
  • Prove marketing ROI
  • Secure sufficient budget

2018 Marketing Implications

Top 2017 Marketing Challenges – Hubspot Chart

No surprise—every business, no matter how successful, needs to continually attract and convert new prospects. At a minimum, you must replace customers who stop purchasing from you because they’re dissatisfied or no longer need your offering.

Look deeper and you’ll find that these 3 marketing challenges are inter-related.

Since your website, blog or social media isn’t Los Angeles’s 405 Freeway where traffic naturally congregates daily, you must give your potential audience a reason to visit.

And, once they do visit, you need a way to contact then again. Otherwise it’s difficult to sell them, track meaningful metrics, and make the case for additional budget.

As a result, the 2017 Top Marketing Trends and 2018 Marketing Implications provided support to meet these needs.

 

5 Key 2017 Marketing Trends And Their 2018 Marketing Implications

2018 Marketing Implications-2017 Marketing Trends

 

1. Video, video, video

Move over text, we’ve become videovores!

Move over text, we’ve become videovores. #VideoClick To Tweet

 

Video has become the dominant way we consume information. Despite the proliferation of new entertainment options across ad supported and paid versions, video content consumed on a personal device attracts a greater proportion of viewer attention.

While video tends to be more expensive than other content formats, there’s a silver lining:

81% of video viewing gets all or most of viewers’ attention. (Google 2017) #VideoClick To Tweet

Video Attention – Google Data Point

BuzzSumo’s analysis revealed: video dominated Facebook’s top 2017 content. Mari Smith noted that marketers should be using a mix of short and longer video content on Facebook.

Most Shared Facebook Content

BuzzSumo’s Analysis of 2017 Facebook Content-Most Shared

Don’t under-estimate YouTube’s standing as the second largest search platform. Smart Passive Income’s Pat Flynn who had a YouTube presence since 2009 is doubling down on his YouTube strategy in 2018 because it drives new prospects that he can’t reach via other means! 

2018 Marketing Implications:

  • Include video content in your content marketing offering. It’s a must-have for videovores, not a by-product of other content marketing, advertising campaigns or live events.
  • Move mass television advertising away from television where attention is highly distracted.

Actionable 2018 Marketing Tactics:

  • Add text transcript of video. Ensure your content is search-friendly while appealing to text-first audience.
  • Develop connected video series to build engagement over time. Don’t over push your brand or you’ll risk losing viewers.
  • Create tailored video to appeal to specific media audiences. Like other content, video isn’t one size fits all.
  • Assess the audio opportunity (for video without image) where content remains engaging to expand your reach, especially for commute time.

2. Facebook still dominates despite decreased organic reach (for both B2C and B2B)

Based on size Facebook delivers global audience regardless of your business type or international presence. (Note: Due to local behemoths there are some countries where Facebook’s reach isn’t dominant  like China.)

Facebook dominates mobile apps. Facebook is an entryway to your potential audience.

Top 25 Mobile Apps by Unique Visitors

In most cases, Facebook’s app delivers better results than LinkedIn or Twitter even for B2B companies.

Small businesses and solopreneurs need a combination of organic and paid Facebook engagement (Social Media Examiner and Buffer Research.) If these resource-limited and time-constrained entities get results from a mixed free and paid approach, chances are your business will too. 

2018 Marketing Implications:

  • Incorporate a Facebook strategy into your overall 2018 marketing plans.
  • Tap into the power of Facebook’s data through its paid advertising options. Don’t just spray your results by boosting shares—Seek the optimal audience for your content! For example BuzzSumo’s Headline Case Study yielded strong results from its paid Facebook advertising.

Actionable 2018 Marketing Tactics:

  • Regularly share content and engage with prospects on Facebook. Have one or more employees be responsible for keeping your business active and visible on Facebook (and other social media platforms.)
  • Allocate resources to Facebook advertising. Have a documented strategy to ensure your campaigns are focused on achieving your top objectives.
  • Keep testing to improve your Facebook results.

3. Content marketing requires documented strategy and related processes

Content marketing remains high on marketers’ 2018 plans, receiving 20+% of their marketing budget.

It’s how business attract customer attention since ads, especially television, continue their long-term decline according to Harvard Professor Thales S. Teixeira.

Decreased ad attention

TV ad attention continues its decline – Chart

While most businesses have an informal plan, you need a documented strategy to get your team on board and deliver results.

Documented content marketing strategies yield stronger results for both B2B and B2C businesses. Therefore it’s surprising that less than 2 out of 5 businesses have one. (Read my analysis of 2018 B2B Content Marketing Research and 2018 B2C Content Marketing Research).

Documenting your content marketing strategy and related processes isn’t difficult! Yet the benefits can be significant in terms of saved content creation and decision-making time.

Begin with a Mission Statement. Orbit Media’s Andy Crestodina took less than an hour to document their mission statement. It’s saved time since if something isn’t aligned with it, they don’t do it.

Content Marketing Mission Statement

Similarly, native advertising continues gaining traction despite editorial layoffs at media entities like BuzzFeed. Branded content works because of quality content created by trusted journalists like Melanie Deziel who wrote articles about women inmates to promote Orange Is The New Black.

2018 Marketing Implications:

  • Document your content marketing strategy or be left behind. Get something on paper. Then share it broadly across your organization and allow your team to contribute and change it.
  • Record and share your organization’s content marketing processes. Ask for input on how these procedures can be streamlined and improved.

Actionable 2018 Marketing Tactics:

  • Integrate content marketing activities across your organizations. Look at sales, customer service, product and human resources. Improve content quality and branding while eliminating duplicate efforts.

4. Less Is More Content Marketing Approach

Marketers should focus on creating 10X content over churning out more and more filler for their owned and social channels.

Bloggers are averaging less than one post a week. (Orbit Media’s 2017 Blogging Survey)

Blogging Frequency

Blogging frequency has declined over time- Orbit Media Chart

This point is underscored by a focus on better quality content that meets prospect and customer needs over branding. (Content Marketing Institute/MarketingProfs 2018 Content Marketing Research.)

The content marketing corollary to creating less content is better content amplification and distribution. Backlinko’s Brian Dean is a long time proponent of ensuring that your existing content is up-to-date and the best it can be before creating new content.

Social Triggers’s Derek Halpern believes in spending 20% of your time on content creation and 80% of your time on content distribution. #contentmarketingClick To Tweet

 

Without consistent updating and promotion over time your content goes unread yielding no new traffic or conversions. #contentmarketingClick To Tweet

 

2018 Marketing Implications:

  • Regularly audit your existing content to ensure that it’s up-to-date and relevant. For example, Content Marketing Institute has authors update and improve their top articles.
  • Focus your content amplification efforts on the first 3 days of publication. Magnify your traffic and shares early to keep your content visible longer.
  • Develop your content distribution plan beyond the first month. Skip the once and done approach to content distribution. Keep your best content visible over time.

 Download the Ultimate Content Marketing Distribution Checklist

Actionable 2018 Marketing Tactics:

  • Incorporate content updates into your editorial plan. Without being part of your plans and budget, your staff will focus on new content.
  • Integrate content transformation into every content effort. Ensure your content is contextually relevant on every media entity.

    Create Transform Distribute

    How to create, transform and distribute content

5. Skip ROI—Track and improve your customer lifetime value (aka: CLTV)

Marketing ROI can be elusive for many businesses. While marketing investments can be easy to measure, results, especially from newer platforms, can be hit or miss. Adding to the complexity of ROI tracking is cross device usage and multiple marketing channel touches.

But to be able to make the case for greater budget, marketers must be able to prove that their existing marketing yields results in terms of a growing pipeline of prospects and more active customers. Additionally marketers must show their paid media’s effectiveness.

While platform attribution has historically been difficult, enabling search to gain budget as last media touched, marketers must use customer lifetime value to show the real effectiveness of different platforms.

Start with Joe Pulizzi’s favorite metric: email addresses! This enables you to build a corporate asset in the form of your housefile. As you add different metrics such as number of touchpoints and purchases, your database yields improved insights to help you understand your marketing opportunities and relative value.

How To Maximize B2B Blog Results

Combining the size of your housefile, percentage of buyers and the average lifetime value enables you to estimate your business.

2018 Marketing Implications:

  • Create inter-connected content to capture visitor information. Your goal should be to provide off-ramps from your content to your housefile wherever possible.

    5 Types of Connected Content

    5 Types of Connected Content

  • Develop a set of metrics. To guide your marketing decisions and to create a house file.

Actionable 2018 Marketing Tactics:

  • Keep your housefile healthy and active. Collecting names by itself isn’t sufficient to support your business.
  • Integrate trackable metrics into every marketing initiative as you create it.

 

Top 2017 Marketing Trends And 2018 Marketing Implications Conclusion

Assess how these top 2017 marketing trends have affected your business and what the 2018 marketing implications are.

Specifically where do you see opportunities to focus your marketing efforts on expanding your business while building company assets in the form of your housefile and increased customer lifetime value?

To set your business apart, go niche.

Happy Marketing,
Heidi Cohen

Heidi CohenHeidi Cohen is the President of Riverside Marketing Strategies.
You can find Heidi on FacebookTwitter and Google+.

 

Meet me at Content Marketing World, the largest content marketing event on the planet!Content Marketing World 2018

Save $100 – Use my promo code, COHEN, when you register.


Photo Credit: https://unsplash.com/photos/IMued0tpO1s CC Zero

Tags , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to 5 Top 2017 Marketing Trends And 2018 Marketing Implications

  1. Sam sandy says:

    Great Post as Usual.
    It was very informative and explained in very detail as usual.
    Keep up the great work!!!

  2. Susan Moeller says:

    Great! Stuff! I’d love to know more about YouTube marketing….any recommendations?