1. Insights Regarding Video Marketing
- 96% of marketers believe optimal length for a marketing video is under 10 minutes. (2022, Hubspot)
- 48% of marketers believe video integrations into websites improve Search rankings. (2023, Mcuser)
- Marketers focus on Repurposing of long-form content like Webinars & live events to create B2B content for Tiktok or Youtube.
- The marketers shifting focus from KPIs like Views & impressions to Direct traffic deriven by Video. (Vidico)
2. insights from CMOs at Fortune 500 regarding ChatGPT
- Most CMOs believe that ChatGPT will have the most impact regarding content creation and management.
- The impact of ChatGPT will be the least on Brand Strategy & tactics.
- The second most impactful role ChatGPT plays is regarding market research & competitive Insights.
- The response from CMOs regarding Impact on Marketing Tools & Customer Service is neutral as the it will take time to impact the usage of new tools. Also, their current marketing tools in usage are implementing AI slowly, making the decision of shift to new tools harder.
3. How Consumers Behaviour is Changing
- People want brands to show they listen 93% of them believe that brands should react to public opinion. (2023, ruderfinn)
- Why Consumers are abandoning purchases: 37% limited payment options, other 37% due to poor navigation and layout. With 33% leaving due to slow speed. (2022, storyblok)
- Users are spending lesser and lesser time reading your emails. The average time dropped from 13.4 to 9 seconds. (2023, litmus)
4. Social Media Engagement is Dropping
- Instagram engagement rates across all industries fell by 30% last year.
- Tweeting frequency was also down by 20% & engagement rate growth was flat for Twitter.
- Comparing to Post frequencies, Tiktok is still at the bottom. Brands are posting less frequently on the platform comparing to FB, IG & Twitter. But the engagement rate is still highest among all platforms. (2023, RivalIQ)
- Gen Z Tiktok User are 1.2x more likely to DM brands after making a purchase. (New Feature: You can open Tiktok DMs for everyone to message) (2023, Tiktok)
5. My Key Insights from Advertising Research on Brand Awareness
- In her study of the U.S. personal computer industry, Sovinsky Goeree finds that traditional demand models overstate price elasticities because they assume that consumers are aware of – and hence choose among – all brands in the market when in actuality most consumers are aware of only a small fraction of brands.
- How Advertising Patterns & Practices deliver signals to Consumers can positively shape perceptions about the quality of the brand. The more volatile and inconsistent a brand’s advertising pattern is, the less impact it’s advertising expenditures will have on perceived quality.
- Our main finding is that advertising expenditures have a significant positive effect on brand awareness but no significant effect on perceived quality. These results appear to be robust across a wide range of specifications. Since awareness is the most basic kind of information a consumer can have for a brand, we con- clude that an important role of advertising is information provision. On the other hand, our results indicate that advertising is not likely to alter consumers’ quality perceptions.
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