Interactive marketing spending will more than triple over the next five years, reaching $61 billion by 2012, according to Forrester Research. To put this into context, interactive marketing, which currently accounts for just 8 percent of all ad spending, will increase to 18 percent of marketers' total advertising budgets in five years
A growth spurt for interactive marketing
Interactive
marketing spending will more than triple over the next five years,
reaching $61 billion by 2012, according to Forrester Research. To put
this into context, interactive marketing, which currently accounts for
just 8 percent of all ad spending, will increase to 18 percent of
marketers' total advertising budgets in five years.
Interactive
encompasses new marketing channels such as e-mail and search marketing,
online video ads and social media. Mobile marketing, also a form of
interactive media, is getting hotter as consumers become increasingly
comfortable using personal computing handsets. Other emerging channels,
including game marketing, podcasts and RSS feeds, will claim
increasingly larger shares of marketers' budgets.
More off-line support for online campaigns
Here's
where the value of advertising synergy hits home. In 2008 and beyond,
the trend toward using off-line media to drive customers to the web
will continue and pick up speed. Traditional media are increasingly
relied on to support new interactive campaigns. Display advertising, in
particular, will be the workhorse that Forrester Research predicts will
reach $14 billion by 2012.
TV is another traditional advertising
medium that will increasingly be used to pique consumer interest and
point prospects to a website where they can find more in-depth
information. Once there, entertaining online video ads may be used to
tell a longer, more involved story. Consumer adoption of online video
is growing, and most age groups are expected to step up its use in 2008.
Taking Advantage of the Trends
In 2008, the major marketers who set the trends will help consumers
adopt new media consumption methods. And they'll pave the way for small business owners to follow suit without the risk or heavy financial outlay.
Here are four ways to increase sales and your advertising ROI by capitalizing on the hottest trends for 2008.
1. Engage the customer. The move toward alternative advertising versus some of the more
traditional methods coincides with the emergence of technologies that
enable a one-on-one dialogue with customers. For example, follow the
trend of social media by posting your products on sites that encourage
customer or peer reviews. Social media add an element of impartiality
and are increasingly looked to as reliable sources of information.
2. Integrate your off-line and online campaigns. Look for ways to use off-line media to drive traffic to a website with
specialized landing pages that tell a deeper story. Use print and TV
ads to start the customer education process
and direct potential buyers online to learn more and take the next
steps in the purchase process. And direct an e-mail campaign to your
current customer database to offset the cost of direct mail. Simply
alternate e-mail and postal mail for a cost-effective one-two punch.
3. Move some off-line dollars online. Online advertising now offers a strong alternative to some traditional
media, such as print yellow pages. Consider moving some of your
traditional directory advertising dollars into online directories and
search engines. The vast majority of Americans research their
products online before making purchases, so a paid search campaign is
an ideal way to make sure you turn up at the top of search results.
4. Follow your customer. Alternative out-of-home advertising opportunities let you place your
message wherever your customers go. You can put your name and company
logo on the umbrellas used by urban street vendors, or name hiking
trails in wilderness areas. The key to using these new opportunities
effectively is to place your message where it will appear in the proper context and reach your potential customers when they are in the right frame of mind.
The
new year comes full of high-return marketing opportunities. By closely
watching the hottest trends, you can make smart choices that let you
step ahead of your slower-moving competitors.
Kim T. Gordon
is the "Marketing" coach at Entrepreneur.com and a multifaceted
marketing expert, speaker, author and media spokesperson. Over the past
26 years, she's helped millions of small-business owners increase
their success through her company,National Marketing Federation Inc. Her latest book ,Maximum Marketing, Minimum Dollars, is now available.
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