Thorin's Marketing Predictions for 2016
It feels like I've been talking a lot about the future of marketing lately (perhaps because I'm in the middle of analyzing the results of our 2016 Media Usage Forecast). January is an ideal time to take stock of some of the topics that keep coming up in those conversations and make some predictions about what they mean for the year ahead.
1. Social media advertising is going to get bigger and bigger. I'm not saying that just because of the size of the networks or the time Americans spend on them. The real tipping point factor here is the ability to target your message to a small audience, and deliver it pretty accurately just to them.
Tribalism is one of the more important factors influencing all media today: People want to see only things they want and/or agree with, and the ability to build a custom social circle that filters news and conversations they're exposed to reinforces this. To maximize the effectiveness of ads, and minimize the chance for a faux pas turns into a major PR disaster (I'm looking at you, Bloomingdale's "spiked eggnog" ad), advertisers should be trying to capitalize on those same mechanisms.
The social networks, with their in-platform targeting options, are going to benefit from that development.
2. More marketers are going to use personas, they're going to use more of them, and they're going to get more sophisticated. Again, this is about targeting and understanding your audience. As marketers move further away from campaign-based strategies and deeper into personalized, ongoing marketing, the ability to optimize ads, offers, landing pages and whole websites to a segment of your audience is essential to successful execution.
The growth of individual-level data for targeting and personalization isn't going to replace the need to do a lot of strategizing and optimization at a segment level (i.e., personas). The ability to build useful personas, include more factors in them (especially behavioral factors), and use those insights to boost ROI is going to be a major factor in the success of online marketing.