4 Takeaways from Marketo’s 2017 Marketing Predictions for the Supply Chain

4 Takeaways from Marketo’s 2017 Marketing Predictions for the Supply Chain

Keep these four trends in mind when planning out your marketing efforts in 2017.

Marketo recently revealed its predictions for upcoming marketing trends for 2017. It’s a list of technologies, strategies, and tactics that the marketing software automation company believes will be important to focus on over the next year.

We culled through these predictions to highlight what the supply chain industry needs to know. Below are four trends marketers should have on their radars.

4 marketing predictions to watch out for

1. Customer-Centric Marketing

For B2B companies, customer-centric marketing means buyer-centric marketing. Because the cost of switching vendors is increasingly low, and the buyer is faced with endless choices, it’s likely that 2017 will see “an aggressive shift in attention toward increasing customer spend.”

This means increasing your focus on building and cultivating relationships. Marketo suggests that companies balance their marketing spend to “invest in building engagement, brand loyalty, and advocacy with current customers rather than just finding new ones.”

It’s likely that technology will play a big role in this 2017 trend. Your company needs marketing team members who are tech-savvy and who know how to analyze and respond to customers’ digital signals.

Focusing on the customer also means building authentic connections and a move toward “giving as much as you get, if not more.” We’ll see more and more customer advocacy, which means that marketers need to focus on taking relationships beyond the transactional. Marketo recommends “providing them with opportunities to showcase their expertise and be recognized by their peers as leaders and innovators.”

The key takeaway: 2017 is the year of building quality relationships.

2. A New Generation of Marketers

We used to live in a marketing climate where specialization was the key to success — no longer is that the case. Your business needs leaders who are “full-brain marketers,” multi-talented generalists who are comfortable handling challenges from the creative design to demand generation — and beyond.

It’s time to abandon thinking in silos. Marketo recommends that your marketing team be in constant connection with other teams within the company. “B2B marketers can now use technology to ensure their sales team have visibility and participation in programs — versus being isolated from critical activities.”

This kind of structural shift requires openness and humility. Marketers need to be willing to take questions and ask them, and to be open to making changes based on increased intra-business collaboration.

Marketo predicts that 2017 will see the perfect storm hit the marketing world, bringing an intersection between fulfilling customer needs, storytelling, and digital interactions. Your company needs to look at its organization and build deep expertise across these three functions. “Any marketing organization that’s missing one of these three functions is destined for failure,” warns Marketo.

This new generation of marketers means that top-performing B2B companies will be making optimal use of technology and data. You need to be investing in resources and technology to drive data enrichment and data governance activities to set a good foundation for your account-based marketing strategy. This also means working closely with sales to understand their thought process for lead prioritization and acceptance.

Here, the key to success is open communication within your organization.

3. Techniques

Marketo has laid out a new equation for how marketers will incorporate techniques to engage buyers at every stage of the cycle:

Inbound + Broad-based lead generation + Account-based marketing + Paid media personalization + Direct marketing = Successful customer engagement

What does this mean for the supply chain? Your company can use a combination of these strategies to engage prospects. For example, combining account-based marketing (ABM) strategies with broad-based strategies will allow marketers to build long-term customer relationships, while bridging their advertising and marketing technologies to demonstrate ROI.

All this focus on ABM solutions will allow marketers to become more efficient, taking advantage of cutting-edge technologies. Marketo suggests creating a detailed ABM plan for all departments, which includes creative marketing ideas to test, as well as new technologies.

It’s time to harness the technology at your fingertips.

4. Content & Channels

2017 is likely to usher in a return to value over volume, both in content assets and in content distribution channels. It’s time to stop creating content for the sake of creating content and to shift toward “deeply listening to and understanding the customer.” This will allow you to cull some of the content and channels that aren’t benefitting your business.

It’s easier than you might think to put this trend into practice. Marketo suggests starting by “deeply understanding the content you already have, and taking the time to evaluate what resonates and what doesn’t.” Next, you can create a plan to keep your content strategy going forward in a meaningful way.

As far as channels go, user experience, particularly for mobile, is going to be increasingly important. You can prepare for this by adding structured data to your site, and by providing valuable content. It’s important to keep a watch on the changing user behavior and expectations, as it will be the biggest driver of change in SEO.

As algorithms continually change, and chronological timeline updates increasingly being phased out, social media channels will put more focus on individuals over brands — this means an absence in brands showing up in feeds organically. You can rise to this challenge by making real-time engagement a priority.

We’ll also see ad inventory becoming tighter and more expensive across social platforms. This means you’ll need to become more specific about the audiences you target, and make your offers increasingly personalized and relevant. Marketo adds the hopeful prediction that “advertisers will benefit from more ways to track offline conversions and non-immediate revenue.”

As email technology advances, email campaigns will begin to predict the content you want and really need. The end result here is “targeted, personalized communications optimized for each person, based on their online and email behaviors.”

The takeaway for content in 2017 is: quality over quantity.

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Why you need to benchmark your marketing performance against your competitors

Why you need to benchmark your marketing performance against your competitors

Competitive benchmarking should be part of your data-driven marketing strategy.

In August 2016, Elaine Thompson claimed the mantle of world’s fastest woman, and Michael Phelps became the most decorated Olympian of all time. Thompson and Phelps achieved these incredible feats by continuously pushing themselves to do better. To do this, they not only tracked and measured their personal performance, but they also tracked the performance of their peers and of their competitors. Together, this data gave Thompson and Phelps the knowledge and drive needed to improve their own performance.

When it comes to measuring marketing performance, most marketers look inward, focusing on key performance indictors (KPIs) such as website traffic, open rates, social engagement metrics, and conversion rates. While these inward facing KPIs are important, it is also important to look at what is happening outside your organization and to benchmark your marketing performance against peers and competitors. This will give you the knowledge and drive you need to improve your performance and chance of success.  It can help you to identify threats and strategic opportunities.

WHO

When adding competitive benchmarking to your marketing strategy the first step is to determine who to benchmark against. I recommend not just benchmarking against direct competitors, but to also benchmark against industry leaders, and against a company or two that you think is excelling (this company does not need to be in your industry). By taking this more global view, you can gain ideas and intelligence from industry leaders and from the creative and strategic minds of top performers. A word of caution – be strategic and keep the number of companies to a reasonable number.

WHAT

While you should determine the KPIs to track and measure based on your business and marketing goals, here are some to consider:

  • Traffic by channel
  • Visits by source
  • Bounce rate
  • Keywords
  • PPC activity and spending
  • Social engagement
  • Social reach
  • Posting times
  • Top performing content
  • Meta description (company positioning)

As with your inward facing KPIs, action is key. Use the data you gather to inform your strategy.

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Top 10 Content Marketing Posts of 2016

Top 10 Content Marketing Posts of 2016

fronetics digital and content marketing

In 2016 88% of B2B marketers reported using content marketing to market their business, up by almost to 3% over 2015.  B2B markets are increasingly using content marketing because they recognize that it an effective tool to increase brand awareness, and to attract, engage, and convert new customers.  With 51% of B2B buyers relying on content research and to make B2B purchasing decisions than they did a year ago, businesses who aren’t using content marketing are missing out on opportunities that ultimately impact their bottom line.

Fronetics is a boutique marketing firm focused on the supply chain and logistics industries.  We work with companies to create and execute data driven marketing strategies with the objectives of increasing brand awareness, positioning companies as thought leaders, driving meaningful engagement with prospects and customers, and helping companies to grow their business.

Every day we see the impact content marketing has on companies within the supply chain and logistics industries.  One client, for example, has realized a 30% net increase in new customers since the implementation of their content marketing strategy.

We have pulled together our top 10 content marketing posts of 2016.  We hope these will help you to develop and/or strengthen your content marketing strategy in the coming year.

Top 10 Content Marketing Posts of 2016

1.  3 Key Tips for Creating Valuable and Compelling Content

This is a guest post by Jennifer Cortez, Director, Marketing Communications, Transplace.  Cortez discusses how Transplace, a North American non-asset-based provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services, has used content marketing and she offers up 3 tips for creating valuable and compelling content. Read more.

2.  The Next Big Trends in Supply Chain Marketing

We’ve pulled together 19 content marketing trends that companies within the logistics and supply chain industries should take note of.  Read more.

3.  How to Overcome Your Biggest Content Marketing Challenge

2016 reports produced by Content Marketing Institute and MarketingProfs, and sponsored by Brightcove outline the biggest challenges B2B and B2C companies face when implementing content marketing strategies.  We discuss how you can overcome these strategies and be successful. Read more.

4.  How a Logistics Technology Company Grew New Business by 30% with Content Marketing

TotalTrax Inc., a provider of real-time vehicle, driver, and inventory tracking technologies for manufacturing and warehouse operations, worked with Fronetics to leverage content marketing to increase web traffic, generate high-quality leads, and, ultimately, grow business. Read more.

5.  12 Content Marketing Strategy Statistics the Supply Chain Should See

10 content marketing strategy statistics that underscore the importance of developing a clear content marketing strategy to advance your business goals. Read more.

6.  Should You Outsource Content Marketing?

Outsourcing content marketing can cost a fraction of what dedicating in-house resources would — and you’ll get better results. Read more.

7.  How to Fail at Content Marketing: Don’t Document Your Strategy

Content marketing is one of the most effective ways to increase brand awareness, broaden your customer base, and grow your business. Yet of the 88% of B2B marketers using content marketing, only 30% feel their efforts are successful. Why do so many organizations feel they are failing? Simply put, they do not have a documented content marketing strategy in place. Read more.

8.  How to Win C-Suite Support for Content Marketing

Speak your boss’ language with metrics, statistics, and facts that articulate content marketing’s impact on customer acquisition and sales. Read more.

9.  Influencer Marketing for the Supply Chain

What is influencer marketing and how can supply chain companies use it to win over customers? Read more.

10.  Lifespan of a Blog Post vs. a Print Ad

A blog post not only stays around longer than a print ad, it can better engage potential customers. Read more.



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New Guide: Content Marketing for the Logistics & Supply Chain Industries

New Guide: Content Marketing for the Logistics & Supply Chain Industries

Get the tools you need to create and implement a content marketing strategy that drives profitable customer action for your business.

Content marketing can be an incredibly effective tool for attracting customers and growing a business. But it ain’t easy. In fact, logistics and supply chain companies report creating and executing an effective content marketing strategy as one of their top challenges.

That’s why Fronetics created its Guide to Content Marketing for the Logistics & Supply Chain Industries. Newly updated to include even more helpful tips, tricks, and ideas, the guide offers step-by-step instructions for getting an effective content marketing program up and running.

If you are a DIY kind of person or are just looking to learn more about how to develop a modern-day marketing strategy for your business, this guide is a good place to start. Templates, lists, calendars, and more will walk you through the process of developing a strategy that aligns with your business goals.

Included in this guide is information regarding:

  • Buyer personas
  • Keyword development
  • Content creation and distribution
  • Social media participation
  • Lead-nurturing workflows
  • And more

Click the button below to download the new and improved guide and to get started creating a content marketing strategy that works for your business.




Download the guide


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Is Your Marketing Strategy in Step with 2017’s Trends? 

Is Your Marketing Strategy in Step with 2017’s Trends? 

How 2 new developments have changed the world of marketing

The year 2017 is about to dawn, and with it marks a decade anniversary of the birth of two seismic changes in how people view the world around them. No doubt you’ve incorporated both of these changes into your daily life, but have you fully absorbed them into the way you conduct your business?

In supply chain and logistics businesses, the general answer is “no.” That’s a significant problem for a company’s long-term success, but it can be remedied.

Let’s look at the two world-changing phenomena, how rapidly they’ve reshaped the world, why they are crucial to your company, and steps you can take to fuse them into your business.

A new website is launched

It was just 10 years ago that a new website poked its head up on the internet, offering to the general public an online social network so people could keep in contact with friends and family. Originally designed as a private forum for college and high school students to connect online, but its founders thought perhaps it might catch on with the public, too.

In late 2006, when Facebook opened its website to anyone who wanted to sign on, it saw its users soar by 33%, to 8 million. But that was barely a blip compared to the social and business marketing revolution it has created worldwide. Now over 1.8 billion people use Facebook, and hundreds of millions more use other social media channels that have sprung up in its wake — Twitter, LinkedIn, Snap, Instagram, and many others.

For businesses, social media has opened up an entirely new way to find and interact with customers. It’s changed the traditional ground rules of marketing and advertising. And it’s created a completely new and sophisticated tool — big data — that provides unprecedented amounts of information about customers and potential customers. That information is valuable.

A new phone dials in

The second revolution is now literally in the hands of one quarter of the world’s population.

Around the time Facebook launched, Apple came out with its first foray into the emerging field of cellular phones. The iPhone was an instant hit, selling a little over 1 million phones in its debut year, 2007. It combined the functions of a smart cellphone with intuitive ways to connect to the internet. Rival technologies quickly followed suit. Today, an estimated 2.6 billion people worldwide use a smartphone.

Mobile communication, via smartphones, is now the dominant way that people access the internet. About 55% of people use their phones to surf the web. And while a decade ago they spent less than 30 minutes per day using their phone’s functions, now it’s around 3 hours per day. Here’s another thing to consider — most people have their cellphones on their person during all their waking hours, and they check it over 100 times a day.

For businesses, having a mobile phone strategy and a well-managed mobile presence is absolutely essential. When it’s working at full throttle, it’s populating the social media apps that people are checking dozens of times per day. It’s providing compelling content that they want to read; it’s building up name-brand recognition; and it’s growing brand loyalty.

Looking toward 2017

Every year the boundaries of social media and internet marketing get pushed. It is hard to find a consensus on what the dominant trend will be. Will Twitter dwindle and other social media platforms take its place? Some think that companies will need to be faster and smarter about creating content linked to whatever the hot topic of the day is. Others don’t see a dominate change on the horizon; instead incremental changes to what’s already online.

For supply chain and logistics companies that want to establish a foothold or build on an existing beachhead, the solutions lie in the new evolution of customer interaction, called content marketing.

The landscape changes ahead are hard to predict, but there are some reliable existing strategies to follow. Fronetics has put together a guide on how supply chain and logistics companies can formulate tactics to take advantage of the opportunities that a content marketing plan and a robust social media presence can create. Click below to download the guide.


Download the guide



Who knows what social innovations the next decade will spawn. If the past decade is any guide, another revolution is coming. Are you keeping pace?

 

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