There’s no denying it, marketers are diving into digital advertising - the deep end of digital advertising.
Recent surveys of business owners and ad buyers spanning multiple industries show that everyone is swimming away from traditional media like print, radio, and TV into the streaming current of digital channels.
According to eMarketer.com, digital advertising accounts for 54% of ad budgets. That's nearly $130 billion in the United States alone. That figure is expected to grow to 67% by 2023.
Notably, this marks the first time marketers are spending more on digital advertising than traditional options. Take a look at the figures:
While print and radio were the first to feel the drowning effects of digital, television is also getting swept up by the growing digital tide. Even Google and Facebook are watching their backs as reports indicate Amazon is swimming into their territory with rapid speed.
Clikz Marketing Technology Transformation and Marin Software took a deeper dive into the specific digital advertising channels used; which shows paid search and paid social accounting for nearly 60% of advertising spending.
As marketers dive into digital advertising and ride digital tidal wave, video will be their best surfboard.
Emarketer.com shares that video will continue to drive the growth of digital advertising spending, particularly in social media and through the use of Over-The-Top (OTT) platforms like Hulu and Roku.
A Forbes.com article shared a report by the Interactive Advertising Bureau indicated that 41% of United States consumers over the age of 13 watch online and streaming videos daily.
The report also shared that 75% of digital video viewers are willing to watch advertising in exchange for content. Not only will they watch the ad, online viewers pay more attention to video messages and prefer to learn about new products through video.
Impact Learning Center and Wyzowl also provide compelling digital video statistics:
As marketers are swimming in the deep end of digital advertising ocean, it may be comforting to know they all have a familiar lifeboat.
Good storytelling remains at the heart of any campaign. Without it, consumers won’t get on board with a product or brand, no matter how often they see it on their channel of choice.
Finally, if marketers stick with good stories and surf all channels with video, they can ride the wave of digital marketing to success.
Thinking of diving into digital advertising? Need help with your story or social media? Give Poole Communications a call. We can help provide strategies and tips to get the most from your digital advertising. 800-900-3635
When you're done go to our Insights and pick up some quick tips for your business. Subscribe to our newsletter to be sent regular tools and tips.
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1. Know Your Audience
- What time they check Facebook, what content they’re interested in.
- Target those specific people who ‘liked’ your page.
Knowing your audience will help your business tremendously down the road. It’s not enough to have a great product these days. You need to find those people who are your target audience and know what they want to see, their interests, likes and dislikes.
2. Engage with Your Audience
- Make posts specifically to your target group.
Once you’ve figured out their likes and dislikes, it’s time to put your knowledge to work.
Think about it - a follower is more likely to like or share a post if it is relevant to them or if they find it to be something they can stand behind.
3. Provide Great Customer Service
Once you have figured out your target market and how to get their attention, you need to keep it! Keep up on your social media; it shouldn’t be on autopilot for too long. Notice when someone comments on a post of yours or better yet, shares your post. Respond to your audience; people like to know that who they’re following is responsive and actually cares about them.
In short, nobody likes to be ignored. If people comment on your post or have questions, acknowledge them! It’s easy to become automated with managing your Facebook, but don’t forget that Customer Satisfaction still rules and will go further than any boosted post ever will.
You can schedule when your FB status is posted weeks and months in advance, specifically to better fit your customers' schedules. When you go to make a status update there is a drop down box next to the "Post" button that gives you an option to schedule your posting. Use this free trick to optimize your social media!
You can also use the “Boost” button, which places your posts higher in the News Feed, so there’s a better chance your audience will see them. Although there is a charge to boost, but you can choose your own budget. The more you put towards your budget, the higher your boost.
Stay focused and use Facebook's free platform to your advantage!
How do select color when you plan the design of your logo and marketing materials? Do you generally select just what you like? If so, you might consider putting more thought into your color choices.
Studies have shown that a product’s color influences 60-80% of a customer’s purchasing decision – meaning that color can make or break a product. Color is the first thing a consumer will notice about your logo.
On both a conscious and subconscious level colors convey meaning. The use of color can bring your marketing materials multiple layers of meaning. You can use these meanings to underline and accent your branding messages.
Bright, bold colors are attention grabbing but can appear brash. Muted tones are more sophisticated, but can be overlooked.
Colors can be divided into two categories: warm – which are associated with energy; and cold – which are more about calmness and security.
We've created a cheat sheet for you to download with colors and their associated meanings. These are not rigid rules, but they’re worth keeping in mind. It’s also important to consider the global appeal of your color choices – especially if you’re a global brand. For instance, in China red is considered lucky, while in India white is the color of mourning and death.
In addition to the color cheat sheet, we’ve also included a color contrast guide displaying 18 color combinations that have been tested for visibility at various distances by the OAAA.
Think about your message and choose your colors carefully to portray your company’s image.
Download the Color Cheat Sheet.
Download the Color Contrast Guide.
Advertising just doesn't work like it used to. It's expensive and isn't getting results. Worst of all it's difficult to track. Businesses don't know how to manage their marketing or advertising and don't have time to do it right. Word of mouth works and can still be counted on. That's why social media is growing fast.
Many small business owners would echo these sentiments. However, none of these statements have to be fact. While advertising can be expensive and time consuming, it has major benefits. On average, many small business owners cut marketing budgets first when they start having cash flow worries. However, it’s at those times that it’s even more important to keep your business brand front and center.
Social media is by far one of the most effective and affordable ways to reach your customers and build your brand, but it’s not the only way. Here’s our list of marketing tips and strategies to help you market your business the best you can, even when the budget is tight.
These eight tips are just the tip of the iceberg when it comes to marketing. But they are enough to get you started and help you out if your budget isn’t that big. Just remember, engaging customers and building relationships are the heart of your business and will be vital in your business growth. You don’t have to spend outrageous amounts of money on your marketing for it to be successful as long as you put in the time and effort and focus on what’s important to your customers.
Infographic: Freepik.com; edited by Poole Communications.
Recently Hannibal-LaGrange College changed their name to Hannibal-LaGrange University. There was some consideration given to changing the name completely. I was delighted they chose to stay with the same basic name. The name recognition and brand HLG has developed over the years is invaluable. If you've been thinking about changing your company name or logo be very cautious. You may be tired of the same name or design, but your customers might still be trying to figure out who you are and what you do. Your business name and logo is most powerful when used with consistency - this is extremely important to building your own unique brand.
Make your marketing work harder by using or developing a company logo. A logo is a powerful tool when used correctly. Your logo design must be able to be used virtually everywhere - from business cards and websites to ball caps and billboards. A creative design can help brand your company for decades. Can't afford a uniquely designed logo? Then begin by using the same type face consistently. That goes for color too. Stick with one color. Your building a brand that will become recognizable without even reading the words. Get more attention and make your marketing materials work harder by using a great logo.