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ANA members vote Transparency as ‘Marketing Word of the Year’…
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Members of the Association of National Advertisers (ANA) in the US have voted the word transparency as the ‘Marketing Word of the Year’. 

During the week commencing November 28, the ANA surveyed its members online and asked them to vote on the ‘Marketing Word of the Year’ from a list of finalists prepared by the association’s staff. A total of 267 members participated and ‘transparency’ received the most votes.

A representative selection of verbatim comments from ANA members include: [Transparency] is the single most important issue in marketing and has the greatest potential benefit in terms of improving marketing ROI; [Transparency] or lack of, defines all media agency relationships and provides a new perspective to consider these relationships; and [Transparency] affects everything we communicate in marketing, from our product formulations and labels to how we communicate in all channels to our internal culture.

Bob Liodice, CEO at ANA said: “It’s no surprise that our members chose transparency the Marketing Word of the Year. Our media transparency study was one of our most important initiatives and it sparked fundamental behavioral changes among marketers and in the industry, here and around the world.” 

Other top choices considered by ANA members were customer experience, content marketing, influencer, and programmatic. It was the third consecutive year the ANA announced a ‘Marketing Word of the Year’. Previous winners were content marketing in 2015 and programmatic in 2014. 

 

Gender inequality experienced by nearly half of female marketers…
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The Marketing Society Scotland has found that almost half (48 per cent) of female marketers in the country have experienced gender inequality in the workplace during their careers, compared to just 16 per cent of their male counterparts.

The ‘Mind the Gap‘ project indicates unfair treatment to be a major concern, with 53 per cent of females and 79 per cent of male marketers agreeing with the statement that both are treated equally in the workplace. In addition, just 29 per cent of females believe they are equally paid to their male colleagues, compared with 59 per cent of males.  

Helen Campbell, chair of the Marketing Society Scotland and head of global brand and marketing communications at VisitScotland, said: “The Inspiring Women initiative is borne out of a recognition that as a marketing community we must work harder to ensure greater equality in the workplace, at all levels.

“Where there is inequality we need to understand why and most importantly take proactive steps to address it. Now is the time to work smarter and harder to build a more balanced marketing community and culture.” 

Furthermore, nine percent of females and 29 per cent of males think that both genders are equally represented at all levels in marketing and agency jobs in Scotland. 

Scotland is reported to have the worst gender pay gap in the UK and, of the Scottish based companies in the FTSE 100, only 25 per cent of board positions are held by females. 

 
Learn more about ‘Mind the Gap‘ here 

Carlsberg UK to ‘increase marketing spend by £15 million’…
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Carlsberg‘s British arm will inject a further £15 million into their marketing spend in a bid to attract the millennial demographic and revive its Export brand, according to industry reports.

Following a year-long project conducting ‘exhaustive’ consumer research, trends monitoring and category analysis, Drinks International reports that Carlsberg will aim to confront the ‘long-term decline’ seen in the lager category by engaging with the millennial consumer group; identified as the most influential and responsible for driving key trends.

As of January 2017, the Export brand will have a new design that will reflect the brand’s Danish heritage. In addition, all consumer ‘touch points’ have been remodelled, including a new bar font and glassware, through to a new premium 330ml-sized bottle.

Liam Newton, UK vice president of marketing, said: “The fundamental reason for the decline in the beer category is the fact the biggest segments – standard and premium lager – are losing relevance with millennial consumers. In our eyes, the dramatic change in the UK beer market requires bold action, and an even bolder approach, and this lies at the heart of our revitalisation of Carlsberg.

“Standard and premium lagers recruit new drinkers, and if consumers don’t enter through these segments, it is unlikely they will move into world and craft. This means brands like Carlsberg and premium beers like Carlsberg Export remain vital to the long-term health of the entire beer category.”

Drinks International has cited statistics that the company claims the number of consumers drinking standard lager has fallen by 1.1 million, and the number drinking premium lager has also fallen by 430,000 over the last five years. 

Survey demonstrates the qualities of high-performing marketers…
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Autopilot has revealed that high-performing marketers are surpassing their peers when it comes to customer journey marketing, with some generating revenue growth by as much as 122 per cent.

Consisting of 505 marketer responses, the email marketing firm’s ‘2016 State of Customer Journey Marketing‘ report found high-performing marketers generate revenue 58 per cent faster than their colleagues; acquire 23 per cent more leads; are twice as happy with their performance; and win a higher number of customers.

Brand awareness was pinpointed as a ‘main measure of marketing success’ (29 per cent), closely followed by customer satisfaction (22 per cent), and, for B2B marketers in particular, 43 per cent claim investing in brand assets is a ‘top priority’.

The report states: “All marketers are prioritising brand awareness, converting leads to sales and generating new leads. But high performers are investing in customer events and marketing, referral and satisfaction programs, and analytics and attribution, rather than in online ads, to get there.”

High-performers affirm the top three investment areas are: customer events and marketing (35 per cent), loyalty referral programmes (29 per cent) and analytics and attribution (19 per cent).

  

Download Autopilot’s research here  

Facebook beats LinkedIn as content king for senior execs…
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B2B content marketing agency, Grist has confirmed Facebook to be the ‘go to’ social platform for C-suite executives to seek business advice.

As a result of its new ‘The Value of B2B Thought Leadership Survey’ – presenting the findings from more than 200 interviews conducted at FTSE 350 companies – Facebook was cited as the most popular social platform for senior executives to engage with business content (79 per cent), followed by Twitter (73 per cent) and LinkedIn (68 per cent).

Regards thought leadership, 84 per cent believe this plays an important part in adding value to their role. Meanwhile, two-thirds search for thought leadership particularly on a Monday and believe it fails to make an impact when it’s too generic (63 per cent); lacks original ideas (58 per cent); or doesn’t address the reader’s needs (53 per cent).

Andrew Rogerson, founder and managing director at Grist said: “This research is great news if you are in control of your firm’s marketing and communications programme. The C-suite clearly values thought leadership and is happy to receive it from advisers.

“However, we can also see that much of this content is below par. The C-suite is a sophisticated and demanding audience, and will not respond to rehashed marketing material. Instead, thought leadership must provide a return on investment (ROI), both for the firms that invest the money to produce it and the senior executives that invest time in reading it.

“Consider, too, that Facebook matters in business-to-business communications. The marketing department, content teams and agencies need to deal with the consequences of this and devise a compelling editorial plan that includes a wide range of channels and different perspectives.”

Format was also discussed, as 800-word articles (63 per cent) and 300-500-word blog posts are preferable to longer content pieces.

Access the full survey here

Technical abilities overriding core skills in marketing recruitment…
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Core marketing capabilities such as copywriting, project management and analytical skills are often overlooked by industry employers, new research from Hays suggests.

83 per cent of the 300 respondents surveyed agree core skills hold more importance in the sector compared to technical skills, despite the ‘Elements of a marketer’ report concluding that too much deliberation is placed on the technical abilities of each recruitment.

Clare Kemsley, managing director at Hays said: “Core skills are vital to all marketers and without them, technical abilities cannot be used to their full potential. Marketing leaders need to consider the ideal mix of skills, within their teams and within themselves, in order to be able to capitalise on the ever-evolving digital world. 

“When looking for new roles, candidates should focus on highlighting their core skills and ‘fit’ with the organisation in order to increase their value, and earning potential, with future employers.”

Individuals in middle management positions were found to have the most significant skills gaps, as 21 per cent admit to struggling with strategic thinking and 14 per cent on analytical skills. 

Some employers did, however, indicate they would be willing to pay higher salaries for candidates who hold a strong balance of technical abilities and core skills.

Request a copy of the report here

‘Wasteful meetings and excessive emails’ hindering productive marketing tasks…
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UK marketers are increasingly spending large portions of their working day focused on activities outside of their productive duties, a new Workfront study claims.

Wasteful meetings (64 per cent), excessive emails (62 per cent) and excessive oversight were found to be the top three indicators that ‘got in the way’ of completing necessary tasks. In addition, the enterprise work management solutions provider found that over a quarter (27 per cent) would best describe their feelings about attending meetings with negative emojis.

Joe Staples, chief marketing officer at Workfront said: “Meetings and email are a necessary part of today’s workplace. Unfortunately, they are often misused; decreasing, rather than increasing, productivity. The good news is there are better ways to manage work.

“By implementing a solution like Workfront, marketers are able to collaborate in the context of work, and gain complete visibility into the work that is being done. This eliminates the need for unnecessary status meetings, and lengthy email threads and gives teams time back to be more productive. It’s really about providing the tools that allow businesses to focus on the right work, create their best work, and deliver that work faster than ever before.”

The ‘2016 UK Marketing State of Work Report’ collected data on other key factors of a marketer’s typical work pattern, including:

  • 57 per cent take 30 minutes or less for lunch and 27 per cent take less than 15 minutes. 49 per cent claim to be too busy and 36 per cent prefer to work through their lunch hour.
  • 9 hours is the typical workweek for marketers, compared to their non-marketing counterparts who work an average of 40.6 hours per week.
  • 29 per cent said uninterrupted blocks of time would help them be more productive at work, followed by more efficient work processes (23 per cent), and more/better qualified people and resources (20 per cent).
  • 60 per cent believe the majority of workers will work remotely in the coming years.
  • 34 per cent of marketers agree that email will no longer be the main mode of communication in the next five years.

The full report can be accessed here

Guest Blog, Thomas Jeanjean: People-based marketing – the death of demographics…
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For years, demographic targeting was at the vanguard of advertising strategies. Thanks to the growth of online and digital channels, brands found themselves able to segment an audience by age, gender and other factors, introducing a new level of sophistication to targeting. But as digital and traditional channels evolve at an incredible pace, the race is on to understand customers better than ever before.

Demographics still play an important role in how businesses communicate with consumers – after all, if you don’t have access to basic information about your target audience, you’re definitely missing a trick. But they are no longer enough…

Today’s consumers expect a much more personalised approach, and brands that target solely by the fact that a shopper is, for example, a woman in her 40s, risk their advertising being irrelevant or, worse, coming across as clichéd or stereotypical.

Any brand, whether big or small, has complex and ever-changing audiences that consume and shop in a range of ways. Each specific audience segment needs to be acknowledged and addressed but one size no longer fits all. In an age of personalisation, predictive technology and real-time updates, it’s all about looking forward and understanding the needs and aspirations of customers both old and new.

At this time of year the stakes get higher. As we prepare for peak season – the period from Black Friday through to Boxing Day sales – competition for consumers’ attention becomes even more fierce. Advertising that doesn’t align to their shopping preferences and interests will likely be disregarded in favour of more engaging messages.

The gifting mindset

The holidays, and particularly Christmas, triggers a shift in consumer mindset. All of a sudden, people stop shopping exclusively for themselves and switch to a ‘gifting’ mind-set.

This shift makes marketing hard to predict, but retargeting campaigns allow businesses to tap into the seasonal trend. Only 2 per cent of people make a purchase on their first visit to a site; retargeting is a way to reach the 98 per cent who are still making their mind up. This allows retailers to react to actual shopper behaviour and offer ads based on what they know a consumer is interested in, rather than what they have deduced via demographic segmentation.

Mobile optimisation

Today the path to purchase involves multiple devices including tablets, personal desktops, work computers and, of course, the mobile phone. In this multi-screened world, mobile has become the ultimate platform for these ‘cross-device’ shoppers to complete their purchases. So much so that people who use multiple devices to shop are at least 20 per cent more likely than average to complete a transaction on mobile. Particulalry as Christmas shopping fever strikes, people will instinctively act through the closest, most convenient device to buy this year’s ‘must have’ gift.

Here in the UK, over 50 per cent of all eCommerce transactions now take place on mobile and a staggering 2.5 million of us are buying on mobile every day. But just because these transactions are taking place on mobile, it doesn’t mean that the consumer journey is confined to the small screen. Many marketers struggle to track and uniquely identify individual shoppers across devices and therefore can’t tailor their experience accordingly. Consumers view a brand’s websites, apps, and online ads as part of the same experience meaning that marketers need to implement an effective cross-device strategy to be able to meet customer expectations and to optimise advertising. The key to cross-device success lies in a people-centric, not demographic, strategy.

What all of this means is that a site not optimised for mobile represents a missed opportunity and could result in a loss of custom, as exasperated shoppers abandon baskets in search of smoother experience elsewhere

As a rule for businesses looking to implement an effective mobile site, the fewer clicks a consumer has to make between adding something to their basket and making a purchase, the better. For example, allow customers to check out as a guest or, if someone has to make an account, ask them for as few details as possible, in the first instance.

Get ahead of the game

Demographics should still be factored in to campaign planning, but should be approached as just one piece of a complex jigsaw. Individuals need to be viewed by marketers as more than just an age, gender or geography. But incorporating technology, like re-targeting and attribution modelling, that are based on behaviour rather than assumption means businesses can target the individual, and not the sum of their parts.

So forget demographics and start targeting people. They’re the ones buying products after all. For growing businesses in particular, every single person is an opportunity and these steps are the first along the path to eCommerce success this Christmas, and beyond.

 

Thomas Jeanjean is regional managing director of the MidMarket business at Criteo. Prior to this, Thomas served as managing director for France and Southern Europe at Criteo. Thomas has over seven years’ experience in performance marketing and a wealth of experience working with fast growing small to medium-sized businesses.

Industry Spotlight: How can marketers ensure that their brand is being displayed correctly on the high street?
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Luca Pagano, CEO of BeMyEye, discusses the need for marketers to find a cost-effective means of ensuring that retailers in brick and mortar stores are displaying their brand correctly.

In the digital age, it’s easy to forget that marketers face challenges offline, as well as online. When faced with decreasing budgets and difficulties justifying ROI to the c-suite, a common problem is proving that offline marketing materials are achieving what is intended. Marketers do not have the same visibility afforded to them when their brand appears in a physical store as they do in online environments. Ultimately, as soon as marketing materials leave the marketers hands, they go into a blind spot.

With the uncertainty of Brexit’s impact and falling store prices, marketers will have to work harder than ever to ensure consistent revenue streams and safeguard operational efficiency. The majority of sales for brands and retailers still take place offline and therefore marketers who supply brand products and materials to physical stores must be confident that their brand is being presented to consumers correctly.

 

Facing the challenge head on

The biggest challenge in ensuring this is the spread of location. Marketers cannot easily monitor how their products and marketing materials are being presented in thousands of physical stores. Normally, marketers would receive a sample snapshot of data providing an overview of their brands presence across a handful of stores, but how can marketers ensure that this is consistent everywhere to measure accurate compliance of promotional activation and ultimately ROI?

To achieve a census view, the brand needs to ‘see’ each individual store. However, up until now this has been a costly, lengthy and improbable task for sales teams to complete. Brands need the ability to check thousands of retailers for in-stock presence of their products, effective activation of marketing collateral and POP and compliance of price quickly and cost-effectively.

 

The role of crowdsourcing to ensure brand consistency

Mobile crowdsourcing and the gig economy have grown at rapid speeds in recent years and businesses are beginning to tap into its incredible power. Marketers can utilise hundreds of thousands of eyes on the ground who are ready to deliver detailed actionable insights about their brand. The crowd can deliver images of promotional activity, pricing and competitor positioning from any location, all in real time.

BeMyEye’s recent report ‘Eyeing up the cost of UK groceries’ is an example of this at work, revealing price differences for a basket of popular groceries across hundreds of retailers in the UK, collected over just 4 days. The crowd uncovered granular level details of branded goods, including that cans of coke are less likely to be stocked in two of the four big supermarkets than avocados, which highlights changes in distribution for Coca Cola in the UK.

The report also discovered interesting insights for marketers when looking at convenience shopping, which is a trend that could unseat leading retailers as consumers move towards ‘little and often’ shopping. For example, results from the report showcase that whilst supermarkets like Tesco remain the most cost-effective outlet for grocery basics like milk, eggs and bread, some other goods, such as avocados, can often be found for lower prices in off-licences.

 

Brands are already benefiting from the crowd

The data from the grocery report highlights that it is possible to gather actionable retail intelligence at scale, cost-effectively and in real-time, however utilising the crowd doesn’t just apply to the grocery sector, the data can be applied to any brand or retailer operating on the high street.

For example, the world’s largest cruise line company, MSC Cruises, uses BeMyEye’s crowd of eyes to analyse the presence of their marketing materials in its travel agency partners. The results amounted to a complete overhaul in the brand’s marketing strategy as 30 per cent of the travel agent partners weren’t displaying the materials correctly.

During uncertain times, marketers need an honest representation of how their marketing materials, promotional offers, and products are being presented and they can turn to mobile crowdsourcing to find this stability. A recent report from McKinsey showed the importance of insights for brands, stating that brands such as Phillips and TRESemmé are all driving growth by meeting consumer needs better than their competitors are. Brands who invest wisely in scaled data, analytics and real-time insights will often achieve up to 10 per cent sales increase, up to 5 per cent higher return on sales and a margin uplift of 1 to 2 per cent – something the c-suite cannot argue with when allocating marketing budgets.

Crowdsourcing and the gig economy have quickly become the fastest, most feasible, accurate and valuable means for marketers to gather granular insights about their products, pricing and promotional activity across every single offline touchpoints. Combating this blind spot will be fundamental for marketers to maximise their brand’s revenue streams in the uncertain post-Brexit retail landscape.

 

Luca is CEO of BeMyEye, Europe’s leader of mobile crowdsourcing for real world data gathering. Prior to BeMyEye, Luca was co-founder and CEO of Glamoo, Italy’s third largest player in the digital couponing space, acquired by Seat Pagine Gialle in 2014.

Prior to joining Glamoo, Luca was VP of Publishing EMEA at EA Mobile, where he spearheaded the growth of iconic brands like Fifa, Tetris and Need for Speed into the dominant titles of the App Store; from 2001 to 2009 Luca was Managing Director UK & International at Buongiorno, a global leader in mobile Value Added Services (VAS).

CMOs ‘first in firing line’ if company targets are not met…
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The annual ‘The C-level Disruptive Growth Opportunity’ online research report from Accenture Strategy analysing the attitudes of 535 CEOs and 847 CMOs from organisations around the world has determined that, although an estimated five ‘C-level executives’ are usually held responsible for driving disruptive business growth, the majority (37 per cent) will place CMOs first in the firing line if growth targets are not met.

The results found that CEOs depict CMOs to be the ‘primary driver’ of disruptive growth (50 per cent), closely followed by chief strategy officers (49 per cent), and chief sales officers (38 per cent). The majority of CMOs (96 per cent) also recognise the importance of disruptive growth to revenue potential, and an additional 75 per cent believe they have a great deal of control over the disruptive growth levers in their company.

Senior managing director leading Advanced Customer Strategy at Accenture, Robert Wollan commented: “Organisations that rely on ‘growth by committee’ struggle to achieve their targets. It breeds a C-suite culture where everyone is responsible, yet no one is accountable – and onus unduly falls onto someone, usually the CMO.

“CMOs can take a greater role by actively driving the disruptive growth agenda and generating new value for the business. Such initiatives include developing ecosystems with non-traditional players, launching platforms that elevate current products into expanded service models for customers, and increasing revenue through next generation connected data monetisation – all of which CMOs are well positioned to do.”

The report did, however, acknowledge that many CMOs are not currently in a position to drive disruptive growth due to time and mind-set. Only 30 per cent of believe they are cutting-edge marketing innovators, and 37 per cent of their time is spent on innovation. Furthermore, 60 per cent claim to spend the majority of their time on ‘traditional marketing initiatives’, such as improving customer experience and maintaining brand image.

While evidently important, 54 per cent state a large portion of their marketing budget is being wasted and not delivering the results the business expects.
Download the full report here