A good look at your website analytics or a chat with your Consumer Intelligence team, if you’re lucky enough to have one, will tell you that your customers are complicated. But even without looking at the data, every marketer knows this because we’re all consumers, and our own purchasing behavior is also complicated. This complication, how you want to look at it and how you get your company to act because of it, can be the difference between a business that merely competes, and one that outperforms the competition and wins.
As consumers we consciously and subconsciously get exposed to advertising on broadcast media like TV and radio. We see advertisements in the press and online, search, read our favorite blogs, see in-store promotional messages on packaging and point-of-sales, and talk to friends and family, to name but a few of our media interactions.
To make things more complicated for the marketer and better for the consumer, the digital media we consume is no longer a desktop only experience. We use phones and tablets more, and apps more. We don’t even use these devices for the same things. We may research while on the train on our phones and complete our purchases later on a desktop device.
All of this means keeping track of your customer segments and marketing to them is far from straightforward. If you’re a senior marketer it’s all highly inconvenient. After all, it’s your job to know and keep track of your customers, and to be in control of your brand, products, services, and sales growth.
The 3 Ages Of Marketing Simplified
Back in the day, all you needed was a killer above the line and media agency and a decent media budget to work wonders.
Then a second age of marketing management was ushered in. New media and jobs were created. You needed on and offline teams, SEO, PPC, display, social media, PR, content marketing, affiliate, and CRM experts. Not to mention working closely with chief technology officers (CTOs).
Today you don’t just need all of those teams, you need them to work together in integrated teams. You also need data and technology. Lots of it.
Is this the third age of marketing? There’s a thought.
Solutions For Complication
Luckily the solutions are everywhere. Agencies, consultants, in-house teams. Thousands of software platforms and data sources. There’s even a new job role emerging to help bring clarity to what can be a big blur. The chief marketing technologist. It’s certainly easy to see why this role was needed and is so obviously useful.
And it’s in software, data, and people that “get it,” that we can all find respite. If we know the right questions, and let the data we now have access to tell the right stories, we can begin to see the wood for the trees. We can create a plan that works, provide teams with direction, and create KPIs which allow for tactical adjustments and control.
In fact, with the right people, data and software, your consumers can carry on being inconveniently complicated. In fact, the more complicated they are and better you’re equipped to deal with that complication, the bigger your competitive advantage.
I’m not saying it’s easy. In a bizarre way, I’m actually saying you don’t want it to be. Otherwise all of your competitors would be doing it. But with the right team and technology partners it can be achieved.
Which reminds me of a Seth Godin book, “The Dip”. The big idea I took from this book is to know whether your current plan is going to succeed. Stop and pivot if you think there’s a chance you’re doing it wrong.
If you think you’re on the right path, even if it is hard work, don’t give up. Lean in. If it’s hard for you, it’s hard for everyone. Few will make it through to the other side.
Stop And Pivot Or Push On?
There are four areas I subtly prod to gauge whether a business is set up to win. How senior marketers answer usually tells me the extent of the challenge and whether a pivot is needed or whether this is a ‘lean in’ moment.
1. Digital Strategy Documents
You’ve had experts provide you with documents full of recommendations on how performance can be improved. If you can’t action most of it because of technical, political, or resource reasons, then you need to stop. Internal teams and agencies are likely to be in a constant holding pattern, compromising at every turn.
If you don’t have strategies that are formed from your customer data insights, market, and opportunity, then stop.
2. Business Intelligence Shared
To manage digital channels optimally you need teams to pass on intelligence derived from specialist area to other stakeholder teams. Examples of this include:
- Paid search data helping the SEO and content team shape their strategies.
- Organic search insights informing paid search, display, and affiliate commerce.
- Creative teams receiving insights from social teams on content that resonates.
- PR teams getting lists of journalists that don’t just write, they’re getting read.
- Content teams getting feedback on their contents performance.
- PR teams reviewing content in the search results that is hurting sales and the brand.
There are many others, but you’ll get the idea and now be able to see whether the synergies are there to be found and exploited. If your teams aren’t really working together (I say really as some teams are great at having meetings and pretending) then stop.
3. Solid Multi-touch Funnels in Analytics
Having solid analytics data that informs you about how different channels and touchpoints are contributing towards sales helps you evaluate how channels interact.
4. C‑level support
If the people at the top want to win, the corporate structure, digital team size and expertise, technology stack, budgets, and partners need to be capable of achieving your ambition. If they aren’t, then stop. You need to get them on board.
Do you recognize any of the above as situations or challenges you’re facing? What do you see as the big challenges faced from the inconveniently complicated consumer?