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What Digital Marketing Trends Will We See in the Nearest Future

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Let’s take a look at the current trends in marketing and find out which areas of digital are worth paying more attention to.

Each new year brings new trends in marketing, as well as in culture, economy and technology in general. 2020 was an interesting year in terms of changing consumer behavior and the active penetration of online technology into everyone’s life. For example, in 2020 alone, a huge amount of online entertainment has emerged and developed, with online casinos like PlayAmo standing out in particular.

Trends in digital marketing in 2021 prepare new challenges for marketers who want to improve the effectiveness of their projects. After all, the development of the digital world is not necessarily associated only with positive trends, many changes on the contrary make it difficult to work in the market and force a creative approach to solve problems. 

What are the digital marketing trends of 2021? Let’s get acquainted with the current tools.

Users’ Personal Information Is Becoming Less Open

While earlier users were looking for their own ways to maintain privacy, in 2020, IT giants like Apple and Google are standing up for people. The practice of using cookies to identify users and therefore using them to customize personalized advertising is becoming a thing of the past. 

Now it will be possible to advertise not to a specific user, but to the segment to which he belongs. On the one hand, this is an opportunity to reach new users who previously did not know about the products that the company offers in the market. On the other hand, non-personalized advertising should be expected to lead to lower conversion rates. Thus, in 2021, digital professionals should continue experimenting, testing, and measuring different types of campaigns and channels. As usual, the digital marketer needs to look for new solutions, measure their profitability and find the optimal balance between costs and results.

Social Media Shopping

People spend a lot of time on social media. In 2020, the average time spent scanning friends’ feeds and socially communicating online has risen to 3 hours a day. This is a good prerequisite for companies to increase their exposure to social media users to raise their chances of making a sale. Especially since social media platforms are trying to make the process of selecting and paying for goods more convenient and easier, without going to third-party resources.

In addition, social media is not just another sales channel for companies where brands meet with potential customers just because they spend most of their time there. Social e-commerce is a new way to personalize offers, where users expect brands to take into account previous interaction experiences. Most importantly, they hope it will help companies better identify a person’s buying options so they can make appropriate offers. 

Optimizing Promotion and Data-Driven Marketing

More and more sales are being made online. And it’s changing the way consumers interact with a brand: sometimes making purchases, sometimes just signing up for accounts to follow updates, sometimes buying right away and other times waiting a long time, etc. The year 2021 is a turning point when the relatively linear movement of users along the route to purchase is replaced by a diffuse, chaotic pattern of consumer contact with the brand. In this case, it is important for marketers to ensure that the brand is always present in the daily life of the customer.

When companies start collecting data about their customers and analyzing their behavior, they better understand the necessary actions on their part that have the desired impact on users to eventually lead them to purchase. Machine algorithms and machine learning help them do this. Artificial intelligence not only tells them how to maximize personalization of communication but also allows them to optimize channels, ad impressions, emails, and even the use of content in promotion, finding the type and look that is more effective.

Marketing Automation

The customer’s path to purchase has many touchpoints with the brand. That said, their journey can take place with varying degrees of intensity and using multiple devices. The broader the target audience of consumers, the more difficult it is for a company to track interactions, analyze and make timely adjustments. 

One of the key trends in modern digital promotion is to reduce the amount of manual work by the marketer to set up ads, reduce the time for this work and thereby achieve a super-personalized offer to users in promotion campaigns. Automation is the main tool of digital marketing strategies, as it ensures that the company reacts quickly to audience interest and maximizes the personalization of the offer. 

Video Is a Key Type of Content

Video offers the ability to share a large amount of content with users in a short period of time. At the same time, such communication has a relaxed, attractive, and dynamic nature. A person in an overloaded information space watching a short video is much easier and preferable than reading even a not very long text description. 

Social networks willingly support this format, giving it preference over other types of content. Especially since in 2020 many users have become so accustomed to this form of communication, watching a huge number of live events, video conferences, online courses, video stories, etc., that they are unlikely to want to give it up in the future. 

Virtual Events

Online events became popular in 2020 by necessity, but they’re obviously not going anywhere in 2021 and beyond. It’s not just that restrictions due to the threat of a pandemic persist. This format of events is attractive because of its audience expansion, its accessibility to users regardless of location, and its economic profitability. 

In virtual space, there is no need for visas, tickets, or hotel reservations, and it is not as important whether the borders are open for travel or not. For audiences and companies, this means a lower cost of participation with no limits on the number of participants. This gives the enormous potential for content sharing and an impetus for new ideas to emerge and develop. So, in 2021, virtual events will continue to be a relevant and popular format for interacting with a wide range of customers.

Optimization (SEO) For Voice Search

Voice search is a new challenge for traditional SEO. A variety of voice-centric devices and apps are provoking users to speak rather than type their search queries. In this case, the results are often different from traditional text-based searches. As this trend grows, companies need to start considering optimizing their content for voice queries. The first step in this direction is to create content that has a more conversational style that matches the way consumers spell out their questions. 

Omnichannel

The pandemic situation has shown the need for any company to have a presence in both offline and online environments. This is not only a business requirement, in order to ensure better sustainability in the market despite all kinds of external threats, but also to reach a different level of customer service. They are already in the habit of combining their purchases in different environments, depending on the circumstances. 

For companies, however, it’s important not only to provide the same quality of service online and offline but also to retain the privileges for loyal customers regardless of their choice of channel. And that means businesses must set up their marketing processes to put the customer at the center of their communications with them, ensure they are identified regardless of the medium, location, device used, etc. Seamless interaction is the main thing all digital marketers will be racking their brains about in 2021.

The Interactivity of Communications

Another trend that has emerged during the period of isolation is the dialogic form of interaction with the audience. All sorts of travel restrictions, the shift to a remote work format, are all reasons why people are more interested in human communication. It is important for them not only to be passive listeners but also to participate in the discussion, to be heard. This creates a demand for interactivity, discussion of any brand communications with its audience of consumers. 

Beginning of the End of A/B Testing

A/B testing was and still is an excellent tool for hypothesis testing, where the marketer does not have enough reliable knowledge and draws his conclusions mainly on intuition. But with the development and expansion of predictive analytics, this way of testing marketing decisions will become a waste of time and budget. The high accuracy of machine algorithm predictions will save marketers from having to verify them but will be a direct guide to action. In 2021, this trend will manifest itself noticeably. 

Video Streaming and Influencer Marketing 

Agents of influence aren’t just grabbing the audience’s attention in traditional areas by posting ads to their accounts. They actively appear on streaming platforms to create live content with human emotion. The integration of live-streaming, tips to use, and on-the-go shopping opportunities will grow strongly in 2021 and capture the attention of audiences, especially those who care about the recommendation of a person they trust. 

The Era of Stories

Stories content only lives for 24 hours. However, it hides a huge potential for including the audience and introducing interactive forms of interaction with it. Despite its short life cycle, users’ attention to such ephemeral content is enormous. It is not for nothing that literally all social media platforms are introducing the stories functionality. This is a new opportunity for digital marketers to be creative in order to keep users in a state of constant attention to the brand. 

The review should conclude with a major trend for 2021. Definitely, companies’ spending on digital promotion methods will continue to grow. Digital marketing plays a large and significant role in business development, even though marketing budgets, in general, may be undergoing optimization due to the difficult economic situation around the world. 

Tekedia Live: Logistics & Supply Chain Management, Ayodele Adenaike, Aug 3

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The ex-Chief Operating Officer of GIG Logistics and now CEO of his logistics consulting firm, Ayodele Adenaike, CPSM , C.P.M. , SCMP, will be on Tekedia Live tomorrow to discuss supply chain management and #logistics. He spent 11 years in DHL before he moved to GIG Logistics. Mr Adenaike understands logistics and supply chain management including the elements for the new and modern economy.

Tue, Aug 3 | 7pm-8pm WAT | Logistics & Supply Chain Management, Ayodele Adenaike.

Come and ask questions on your supply chain issues and Mr. Logistics will be around to answer.

Tekedia Institute Mini-MBA >> learn from the best 

The Buy Now, Pay Later Era Accelerates As Square Acquires Afterpay; Expect Nigerian Fintechs To Modulate

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Square, the digital-payments company led by Twitter founder Jack Dorsey,  has agreed to buy Australian buy-now, pay-later company Afterpay for $29 billion. People, this is what it is: we are now in the new age of Buy Now, Pay Later, reshaping the whole credit economy. In other words, many young people are not interested in the old credit system, and have shown through the evolution of the Buy Now, Pay Later systems that they prefer this evolving model. I expect more exits in this space as Apple Pay joins the fray and most want to get out before the ecosystem is reshaped.

In the age of fintech boom, every payment company appears to have a goal to expand to new markets. For some, it means raising funds in new rounds; while for others, it means acquisition or using a different playbook. From Stripe’s acquisition of Nigerian startup Paystack to Flutterwave, another Nigerian payment firm, attaining unicorn status, the uptick has been remarkable. Now Square, a payments company cofounded by Twitter CEO Jack Dorsey, is joining the race.

Square plans to buy Australian fintech company Afterpay as it looks to expand further into the booming installment loan market.

In some cases, you may not even have to pay interest (the merchant pays the interest for you)!

In Nigeria, expect agile fintechs to begin to redesign their lending products with BNPL since BNPL is more optimized as the interest rate is activated after you have identified and acquired the products, instead of borrowing money and warehousing in a bank account, and yet paying interest when you have not deployed it.

This shift is massive as repayment uses bank account ACH (minimal fees), not credit cards. So, if this BNPL picks up at scale, card companies like Visa and Mastercard could be in the crosshairs of a major shift.

Square Buys Afterpay In A $29 Billion Deal

Square Buys Afterpay In A $29 Billion Deal

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In the age of fintech boom, every payment company appears to have a goal to expand to new markets. For some, it means raising funds in new rounds; while for others, it means acquisition or using a different playbook. From Stripe’s acquisition of Nigerian startup Paystack to Flutterwave, another Nigerian payment firm, attaining unicorn status, the uptick has been remarkable. Now Square, a payments company cofounded by Twitter CEO Jack Dorsey, is joining the race.

Square plans to buy Australian fintech company Afterpay as it looks to expand further into the booming installment loan market.

The company announced the $29 billion, all-stock deal on Sunday evening. The price tag marks a roughly 30% premium to Afterpay’s last closing price.

“Square and Afterpay have a shared purpose,” said Square’s CEO Dorsey in a statement. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”

Shares of Afterpay in Australia surged on that news, and closed nearly 19% higher on Monday.

Founded in 2015, Afterpay offers buy-now-pay-later services to millions of its users cut across Australia, US, Canada, UK (where it is called Clearpay) and New Zealand. The company allows customers to access the things they want and need, while still allowing them to maintain financial wellness and control, by splitting payments in four, for both online and in-store purchase.

Square pointed to consumers eschewing traditional credit, especially younger buyers. The San Francisco-based payments company already offers installment loans, which said it has been a “powerful growth tool” for Square’s core seller business. It plans to integrate Afterpay into both its seller and Cash App ecosystems.

Afterpay lets customers pay in four interest-free installments and pay a fee if they miss an automated payment. Its 16 million customers will eventually be able to manage installment payments directly through Cash App. The deal is expected to close in the first quarter of 2022.

Per CNBC, installment loans have been around for decades, and were historically used for big-ticket purchases such as furniture. Online payment players and fintechs have been competing to launch their own version of “pay later” products for online items in the low hundreds of dollars.

Affirm is one of the better-known public companies offering the option to finance items in smaller, monthly payments. PayPal, Klarna, Mastercard and Fiserv, American Express, Citi and J.P. Morgan Chase are all offering similar loan products. Apple is planning to launch installment lending in a partnership with Goldman Sachs, Bloomberg reported last month.

Square also announced its second-quarter results on Sunday, ahead of the previously planned release on Wednesday.

Gross profit increased 91% from a year ago, which marked a record quarterly growth rate for the payments company. Cash App profit was up 94%, while seller jumped 85% from a year ago. Net revenue excluding bitcoin came in at $1.96 billion for the quarter, an 87% rise year over year.

The company’s Venmo competitor, Cash App now has 40 million monthly transacting active customers.

Afterpay derives its revenue from merchants rather than customers. The company believes its pattern of play will encourage a more accessible and sustainable world in which people are rewarded for doing the right thing, thereby powering an economy where everyone wins.

Multi-Year Prepayment Available for Business Growth w/ Ndubuisi Ekekwe

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So excited that we have just closed multiple year pre-payments for Business Growth w/ Ndubuisi Ekekwe, a new Tekedia Institute program which is Zoom-only. Business executives, professionals and students are coming on board.  We are offering the option to pre-pay for a maximum of 3 years at once which will mean 15 sessions.

We thank Emmanuel S Akintunde for signing up for three years. There is an app called Clubhouse where people just talk and talk; Tekedia Growth is a business translation of that, and our conversation will be more valuable as we will be discussing business growth.

Pick your seat and master the physics of business growth.

Program will run for 8 weeks, every Saturday at 4.30pm – 6.30pm WAT, on Zoom. The sessions will be recorded and archived in the portal for members who may miss them. For each session, the faculty will teach and make a presentation and then discussions will follow. This program will run from Sept 4 to Oct 23, 2021.

  • Time: Saturdays, 4.30pm – 6.30pm WAT
  • Location: Zoom
  • Start/End dates: Sept 4 – Oct 23, 2021
  • Faculty: Prof Ndubuisi Ekekwe