marketing strategy

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Agile Marketing

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Agile marketing is a fairly new concept and wasn’t introduced until 2012. It’s a strategy that prioritizes high-value projects and concentrates all resources on them. The team(s) then work in short, intense bursts to complete goals, assess their impacts, and work toward getting better results next time. At the core of this method, its values are:

·      Reacting to change instead of following a plan

·      Rapid repetitions over larger campaigns

·      Rapid repetitions over larger campaigns

·      Testing data and validated learning instead of “rules”

·      People and interactions over large audiences

·      Customer-focused instead of hierarchy

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Marketing for Good: Social Marketing

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This style of marketing is sometimes called “marketing for good.” This style of marketing promotes a positive societal transformation that tries to influence positive actions instead of selling a product. Social marketing attempts to change behavior for the benefit of consumers or society. Commercial marketing, on the other hand, will attempt to change behavior for the benefit of the brand, such as sales. Typically, social marketing is used by nonprofits, charities, government organizations, emergency services, police, and fire groups. So, what is involved in social marketing and how do you go about creating a campaign? Here are some things to consider.

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Creating a Marketing Strategy That Stands Out

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We all know how to create a marketing strategy but with every brand out there doing the same things, how do you make your marketing stand out from all the rest? With advertising overload, it is very important to make your brand stand out. Every brand will start out with the same with usual 7 step guide to create their marketing strategy: 1. Build a marketing plan. 2. Create buyer personas. 3. Identify goals. 4. Select the right tools. 5. Review media. 6. Audit and plan. 7. Create it. Great! Now, you’ve got that same start as every other company out there. So now, let’s talk about some extra things that will help give you that extra push to be different in a sea of similarities.

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Ways to Incorporate UGC Into Your Marketing Strategy

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It’s no secret that we love UGC. It’s what we do and we’re passionate about it! We deal with UGC in the advertising campaign spaces mostly. However, there are some other areas of marketing that you can use this powerful tool. First, let’s talk about UGC in advertising since that’s what we specialize in. This is a great way to get consumers to trust your brand seeing real people in real-life situations that your audience can relate to. This type of UGC marketing will increase your ROI immensely. Let’s dive in to the other ways your brand can use it for marketing strategies.

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Outbound vs Inbound Marketing

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Outbound marketing: traditional form of marketing in which the company/brand initiates contact with potential customers. Inbound marketing: attracts customers by creating valuable content and experiences personalized for them. Both have a place in the marketing world but we do favor inbound over outbound in today’s world.

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Content Marketing: The Why, The How and The Where

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What in the world is content marketing exactly? What makes it different than traditional marketing? Well, “it’s a strategic approach that focuses on creating and distributing valuable, relevant and consistent content to attract and retain a clearly defined audience” (Content Marketing Institute). Think of it this way. It’s much less spammy than traditional ads and doesn’t really pitch your product or services. Instead, it presents your audience with content that helps them solve their issues through the use of videos, blogs, social media, infographics, etc. with the intention of stimulating interest. But why is this type of marketing more prevalent now than it was 20 years ago?

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Marketing Myopia

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You might be asking yourself right now, what in the world is myopia let alone marketing myopia. The term originated at Harvard Business School by Theodore Levitt who was a professor there in the 1960’s. The term, coined by Levitt, is defined as a short-sighted and inward approach to marketing that has little imagination, foresight, intellectual insight while focusing on the needs of the business rather than on the needs of the customer. There are a few key reasons why this happens within a business.

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Neilson Global Marketing Report 2022

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The 2022 global annual marketing report was released recently. This report surveys marketers across various industries in media globally to understand the behaviors with data. Here are the key pain point take aways from the report.

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The Power of Email Marketing

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Here’s a question for you… do you think that most people check social media or their email first in the morning? We’ll give you a second to think about what it is that you do…

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Performance Marketing vs Affiliate Marketing

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A hot topic right now is performance marketing. It’s somewhat similar to affiliate marketing but has a lower risk involved and encompasses a wider umbrella that includes affiliate marketing as its sub category. It’s not something that is new but is now rising to the top as a new way to market. Let’s define each for some more clarity. Affiliate marketing is where a relationship is set up between a brand and an individual or organization where partners will receive a percentage commission of the sales they help create. Performance marketing where brands only pay when a certain objective has been met, such as clicks, leads or a sale. Here, advertisers connect with agencies, publishers or influencers to design and place ads on their company channels.

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Marketing on a Budget

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Inflation is here and it’s having an effect on every industry today. There’s no denying it. With the current state of economic affairs, we thought an article on how to maximize marketing on a budget was beneficial. Here’s a quick bullet point list.

1. Harness the POWER OF UGC. Of course, we’re bias on this topic since this is what we do. That being said, this is one of the best ways to market on a budget. It can cut the costs of production and according to Hubspot, production takes up to 24% of the marketing budgets. Pre-production and post-production come in at the second highest costs.

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Emotional Advertising

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Of course, we all buy things out of necessity or want! However, as it turns out a lot of us buy things driven by emotions. A study done showed that “70% of viewers who experienced an intense emotional response to an ad were very likely to buy the product” (Unruly). This brings to mind that overly drawn out commercial for the SPCA. In the ad you’re shown sad faced, pitiful looking animals while Sarah McLaughlin sings in a melancholy tone the background. Yea, you know exactly which one I’m talking about. They’re really selling it home hard with triggering the emotional response here. This is the text book example of an emotional ad. Makes sense to advertise this way. IPA Research showed that, “ads with purely emotional content perform twice as well (31% vs. 16%) compared to those with only rational content.” It appears we are emotional beings rather than rational.

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Multicultural Advertising

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Gen Z is the most multicultural generation to date and it’s expected that multicultural advertising budgets are going to increase in the coming years. It’s estimated that the white population in the U.S. will actually be the minority by 2043 according to the U.S. Census. Large cities all across America are now enmeshed with loads of diversity and with the social justice movements during the pandemic, inclusion is now necessity in conducting good business. Yesterday we wrote an article on cross-cultural advertising, so today we’re going to focus on the importance of multicultural advertising. As essential as it is today, it is still no easy feat to create multicultural ads that resonates with its audience and does not offend or alienate them. Thus, we thought we would put together a tips list to help you get started.

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Cross-cultural Advertising

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First off, let’s note that cross-cultural and multi-cultural advertising are not the same. Multi-cultural advertisements are created with a specific ethnic group(s) in mind where cross-cultural advertising is created in order to reach many different cultures simultaneously. Although it may seem straight forward, multi-cultural advertising is a little easier to achieve than the broader spectrum audience of many cultures. Specific ads that may do well in one country may not always do well in another and in countries that are melting pots, such as the U.S., you want to make sure your message gets across the way you intend. Thus, cross-cultural advertising brings with it certain challenges. That being said, cross-cultural advertising has never been more important in today’s global society. Different cultures are more accessible in every part of the world with technology and transportation. It’s imperative that agencies adopt a cross-cultural approach to their advertising strategies. It’s not straight forward but the work will be worth it! Here are some things to consider when creating cross-cultural advertisements.

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Efficient Marketing Campaign Planning & Management

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Marketing campaigns by definition are an organized, strategized effort that promotes a specific company or brand goal. This could be done for a number of reasons. It could be to promote a new product/service, increase brand awareness, gather feedback, get new leads, increase revenue, boost engagement or promote an upcoming event. Whatever the reason, it is important that the campaign be planned and managed properly. Here are some steps to help your brand efficiently plan for their next marketing campaign.

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The Rise of Interactive Advertising

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Did you know that there is a term called ad blindness? It is a term to explain the phenomenon in response to how people have begun to cope with being subject to constant advertising. People have developed a coping mechanism to subconsciously and sometimes consciously tune out advertisements. In fact, 82% of Gen Z skip or ignore ads completely according to A List Daily. You can check out our article from yesterday on tips to make your advertisements more engaging but there is another kind of ad emerging that seems to increase engagement; interactive advertising. Actually, interactive advertisements have been shown to increase consumer attention by 47% and 32% more memorable according to a study conducted by Magna Global. So, let’s talk about some different types of interactive advertisements.

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Social Media Stats 2022

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Upon all our blog research here at Locomotive, there is always a recurring theme in advertising with social media. It’s now one of the most important parts of an advertising strategy in today’s world. We found some really interesting stats that we wanted to share with all of you. We know it helps us see a clear picture of who is watching what and where. It’s important to know where your target audience is to better serve them.

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Ways to Engage Consumers for Advertisements

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Whether on a streaming service, online or when watching a video, at some point we’ve all been just waiting for the “skip ad” button to pop up so we can click on it to get to what we’re there for. It occurred to me that I do this almost 100% of the time and I’m not alone. A study done by IPG showed that 65% of people skip video ads as soon as they get the chance. Some even stated that it is purely habit at this point.

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UGC Stats

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We’ve all heard it a million times now. People trust people more than paid actors. It’s for this reason and many others that user generated content is now at the forefront of digital advertising. The purpose of this blog is to shine some light on some statistics about user generated content, otherwise known as sourced content.

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Programmatic Advertising

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The future is digital! Making sure your company is up to date on the newest software and techniques for their advertising is going to be a key component to their success. Taking advantage of software that performs programmatic advertising will save your brand money, streamline your digital ad space buying process and help you reach a wider audience than before. Why wouldn’t your brand want to take advantage of this when it seems like a no brainer right?! Happy advertising!

Continuing the fall fling with some tasty fall surf. Keep creating! #advertising #locomotivecontent
Very thankful to our men and women who protect and serve, and have served in our military! Happy Veterans Day!