AI, TikTok…what’s next? Digital marketing seems to be so evolved it barely resembles this time last year. In a new report by Hubspot has taken a snapshot of the state of digital marketing in 2023. We all know about the advent of artificial intelligence - but is it all its cracked up to be? Is short-form video still effective? Will budgets increase or decrease in 2023 and 2024?
Drawing on other trends and sources on digital marketing, let’s have a deep dive into the State of Digital Marketing in 2023.
Artificial Intelligence and Automation
According to Hubspot’s report, the average marketer works on five campaigns at a time, and a total of seven campaigns per quarter. Using AI to automate certain processes makes business sense to gain more productivity with less time spent on admin and busywork. Tools like ChatGPT, Midjourney, and DALL-E are proving to be useful in generating ideas, creating templates, and churning out content at scale. However, the time savings may be offset by the limitations of GPTs which are prone to repetition, “hallucination”, and limited in scope.
First Party Data
Notice how “big data” died suddenly and without warning? With Apple and Google both tackling the problem of terrible user privacy with new features that restrict the tracking of data from third-parties via cookies - and users taking matters into their own hands with AdBlockers and the like - gathering first-party data will be the boon for marketers wishing to personalise and target content to their audiences. 86% of marketers told Hubspot that that data privacy changes have impacted their overall marketing strategy over 2022. Giving users control over their data by opting in to newsletters, shopping accounts, and other data capture methods such as surveys, yields a sense of trust and an opportunity to create value in the often hidden transaction of harvesting user data.
The Rise of the Short Video
Instagram Reels is just YouTube Shorts for people who don’t like TikTok. Whatever the platform may be, short form videos are reigning supreme for marketing in 2023. (Especially the tarted up AliExpress tat hawked by people in sweatpants - but that’s a discussion for another time.) 21% of marketers are going to be investing in short form video, and ad revenue from the format is set to surpass $10 billion (USD) according to Woosuite. Research by Wyzowl shows that 91% of businesses are using video and 73% of consumers prefer to watch a short-form video to learn about a potential purchase. 90% of those businesses that are using video has helped them generate leads.
Mobile Friendly Design
According to SimilarWeb, 57.36% of Australian web traffic is consumed on mobile; the present and the future of the web will be mobile optimised. That means optimised designs, user experiences, and even instant apps will be in-demand among users - and businesses. Though desktop designs may look great, the chances are your customers are scrolling with their thumb, not their index finger.
Sliding into DMs
“Sliding into DMs” or direct messages over social media was once describing a slick romantic gesture - and businesses want the romance between customers to blossom as they use social media to directly interact with customers by answering questions, handling complaints, and general interaction. Hubspot says 30% of younger (Gen Y and Z) have bought products on social media over the past three months, thanks in part to direct message customer service. Using AI chatbots and other automation can help start the conversation with humans taking over when things get too complicated for the machine to handle.
Authentic, Organic SEO
When downturns occur, people look for authentic, organic content. Not paid advertorial but something they can connect with and feel good about reading. Hubspot says that 7% of businesses will cut their ad spend during recessions and bottom-out business cycles - but that doesn’t mean you should skimp on your organic content that improves your SEO. Though marketers may do this as a business-building exercise, B2B and B2C companies should be thinking of investing in SEO content that isn’t engineered to hard sell, but connect with customers while taking home the added benefit of improved Search Engine Results Pages. That means providing real value for their reader - not so much top of mind, but strong of heart.
Ready to leverage the top marketing methods that will keep your business thriving during 2023? Want the best marketing copy to fuel your videos or SEO? Contact me!