Katie Hodgkinson-Morgan, Author at Smithfield https://smithfieldagency.com Planning For Performance Thu, 09 Nov 2023 14:38:30 +0000 en-US hourly 1 https://smithfieldagency.com/wp-content/uploads/2023/05/cropped-favicon-32x32.png Katie Hodgkinson-Morgan, Author at Smithfield https://smithfieldagency.com 32 32 How brands can get the marketing mix right https://smithfieldagency.com/insights/how-brands-can-get-the-marketing-mix-right/ Thu, 09 Nov 2023 14:38:30 +0000 https://smithfieldagency.com/?p=225888

Earlier this year, The Drum tried to debunk the numbers behind those classic “You see X thousand ads a day” articles. Their conclusion? Nobody can actually put a number on it but it’s probably well into the hundreds. Either way, it’s hard not to feel that sometimes we’re bombarded by advertising.

Brands in the UK are faced with the formidable task of not only reaching their desired audience, but also actively engaging them across a multitude of channels in a positive way. Achieving optimal performance requires the strategic orchestration of advertising channels, both online and offline. Here’s 5 things to consider before you even think of selecting one!

1. Understanding your target audience:

Before selecting marketing channels, it’s crucial to have a deep understanding of your target audience. Identify their demographics, preferences, online behaviour, and media consumption habits though media planning tools and your own internal research.

2. Set clear marketing goals:

What does success look like? Define specific marketing goals that align with your overall business objectives. Are you aiming to increase brand awareness, drive website traffic, generate leads, or boost sales? Different marketing channels excel in achieving different objectives.

Choose channels that best align with your goals but consider that many work in harmony. For example, it’s hard to launch a new brand using just performance marketing with no awareness channels in play.

3. Analyse your competitors:

Research your competitors’ marketing strategies. Identify which channels they are using successfully and where they might be falling short. This analysis can provide insights into which channels are effective within your industry. For example, did you know you can see all your competitor’s ads running across Meta in their ad library?

4. Budget allocation:

Consider your marketing budget when selecting channels. Some channels require significant financial investment, while others may be more cost-effective. Ensure your budget aligns with the chosen channels and allows for sustained marketing efforts. For example, there’s no point in spending too little across digital channels that require a certain amount of budget to optimise. Which leads us to…

5. Test and measure:

Don’t commit all your resources to a single channel upfront. Start with a mix of channels that you believe will work best based on your research. Monitor the performance of each channel through key performance indicators (KPIs) like click-through rates, conversion rates, and return on investment (ROI).

Adjust your marketing mix based on the data and insights you gather but ensure you don’t just rely on last click conversion, as some online channels have a habit of claiming conversions when it was actually the upper or mid-funnel activity that did the heavy lifting. For example, a new customer was made aware of the product through TV but clicked on PPC (Adwords) ad to purchase.

To extract maximum value from their marketing strategies, brands can leverage the symbiotic relationship between online and offline channels:

Integrated campaigns: Coordinating online and offline campaigns can yield a synergistic effect. For instance, a television ad can seamlessly guide viewers to a brand’s website or social media platforms for supplementary content or exclusive promotions.

Cross-channel consistency: To fortify brand recall, it is crucial to maintain a consistent brand message and visual identity across all channels. A memorable TV advert should harmonise seamlessly with the look and feel of the brand’s website or social media profiles.

Data confluence: Aggregating and analysing data from both online and offline channels is a useful tactic. Insights gleaned from online engagements can steer offline strategies, and vice versa, providing a comprehensive understanding of consumer behaviour. Online, you’re going to test thousands of creative combinations – once you know what works, why not use that to guide your OOH or print campaigns?

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The rise of chatbots in advertising https://smithfieldagency.com/insights/the-rise-of-chatbots-in-advertising/ Thu, 14 Sep 2023 11:07:47 +0000 https://smithfieldagency.com/?p=225817

In a world where digital interactions have become the norm, brands are constantly seeking innovative ways to engage with their customers. One such innovation that has gained significant traction is the use of advertising chatbots.

These virtual assistants, powered by artificial intelligence (AI), are revolutionising the way brands interact with consumers, offering personalised experiences, streamlined communication and 24/7 availability. But as technology gathers pace, what does the future hold for chatbots in advertising?

The evolution of chatbots

Chatbots, once limited to customer service, have evolved into integral components of many marketing campaigns. They’re no longer just text-based response systems; they’re becoming intelligent conversationalists capable of understanding context and intent.

From automotive brands asking a series of questions to discover your perfect car, to helping travel agents show potential customers their latest offers, chatbots can initiate conversations, answer queries and even suggest products or services based on user behaviour. This level of interaction fosters a sense of connection between the brand and the customer from the outset.

Designing effective conversations

Crafting conversations that feel natural yet achieve marketing goals requires thoughtful design. Striking the balance between sales and assistance is essential – it’s no different from a human making the same decision. Too pushy, and you may lose a potential sale!

Future chatbots may be designed to understand and respond to human emotions more accurately. This could involve recognising tone, sentiment, and context to tailor responses that resonate better with users. In the meantime, it’s down to humans to ensure that that programmed responses are as natural as possible.

Personalised interactions

AI-powered chatbots analyse user data to deliver tailored recommendations and content. This personalisation creates a more meaningful user experience, increasing the likelihood of conversion and brand loyalty.

As the technology develops, chatbots will become even more adept at analysing user data and preferences to provide hyper-personalised recommendations and advertisements. They could even challenge Google on search.

Best practice

There are several traps when deploying chatbots, but the main one brands fall into is not having a clear purpose. From the outset, it should have a clear purpose – what problem are you trying to solve for the consumer? How will it improve the buying journey and reduce friction?

Chatbots shouldn’t feel like a separate entity; they should seamlessly blend into the user experience. Integration with existing systems and interfaces is essential to provide accurate information that’s useful to your prospective customers. Selecting the appropriate platform for deploying chatbots is also crucial. Whether it’s website integration or social media messaging, understanding the target audience’s preferred channels is key.

The future is interactive

The future holds even more advanced AI capabilities for chatbots. Natural language processing and understanding will enable them to grasp context and nuances better.

With the rise of voice assistants, it’s likely that integrating voice-activated chatbots into advertising efforts is the logical next step, but privacy and data issues should be considered. It’s crucial for businesses to be transparent about chatbots’ identity. Ultimately, users have the right to know if they’re interacting with a bot.

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