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REFLECTING ON 2023's MARKETING TRENDS

Aug 17, 2023 10:08:59 AM | By Maven TM Team

Introduction 

As we find ourselves midway through 2023, the marketing landscape is undergoing a remarkable transformation as AI has taken centre stage, ushering in a new era of possibilities. HubSpot's AI tools, including Content Assistant and ChatSpot, are game-changers that have reshaped how we approach content and interactions.

Let's take some time to reflect on key trends that have emerged during the year, including AI, personalisation, utilising key industry influences and visually appealing content. 

AI Image

The rise of artificial intelligence

The world of marketing is being transformed by Artificial Intelligence (AI) and Machine Learning (ML). But now, a new player has joined the game: generative AI (gen AI). As business becomes more complex and fast-paced in the digital age, these tools are useful. 

HubSpot's Content Assistant is a powerful tool that empowers marketers and content creators to streamline their content creation process. By combining cutting-edge AI technology with intuitive user interfaces, the Content Assistant assists in generating engaging and relevant content ideas, optimising SEO strategies, and enhancing overall content quality. This tool not only aids in crafting compelling articles but also provides real-time suggestions for improvements, ensuring that the content resonates effectively with the target audience.

Forward-looking leaders are already considering how to adopt generative AI into their daily operations. Specifically in the marketing environment where Gen AI is being used in different ways, namely: 

  • Blog Writing: Consistently producing blogs to engage customers can be challenging. Generative AI empowers content creators by suggesting relevant topics and even crafting personalised blogs for specific personas when utilised effectively.
  • Social Posts: In today's digital landscape, social media presence is vital. Generative AI can enhance social media posts, maintaining brand style and personalising messages, to maximize engagement.
  • Digital Marketing: Crafting compelling messages for ads is essential. Generative AI can assist in creating various ad types, including location-specific, video, and carousel ads. Experimenting with different AI tools can yield well-crafted messages efficiently.
  • Creative Design: Generative AI opens new creative avenues. Employing tools like DALL-E 2 allows for simple prompts to generate appealing images, with each iteration improving the outcome.
  • Long-Form Content: Large language models like ChatGPT and Copy.ai facilitate rapid content creation, freeing resources for other marketing aspects. From articles to product descriptions, generative AI optimizes efficiency.
  • Topic Research: Generative AI excels in researching and generating content, scouring the web for information and crafting relevant materials, saving time and effort.

The Power of the Influencer 

Influencer marketing has grown as a significant tool for businesses to reach their target audience in the digital era. Businesses can capitalise on the reputation and followership of essential persons in specialised niches to market their products or services by collaborating with them these may include industry leaders and influential clients.

The rise in popularity of the influencer is going to continue to rise as 89% of marketers plan to keep up their influencer contracts and or increase their investment in 2023.  Influencer marketing offers a genuine and relevant approach that may have a big influence on consumer purchase decisions. Marketers are also increasingly relying on micro-influencers, (64%) of companies) who have a smaller but more engaged following, to accomplish higher conversion rates as the practice advances. 

value of getting personaliSation right

Personalisation is here to stay. In today's marketing landscape, the significance of personalisation has been magnified by the impact of COVID-19 and the growth of digital engagement. The pandemic prompted three-quarters of consumers to switch to a new store, product, or buying method.

With a remarkable 60% of consumers now anticipating personalised interactions from companies, the expectations for tailored experiences have reached new heights. Conversely, failing to meet these expectations results in frustration for 76% of consumers.

Beyond meeting demands, personalisation is a driving force behind enhanced performance and improved customer outcomes. Notably, companies experiencing rapid growth generate a substantial 40% more revenue through personalisation compared to their slower-paced counterparts, underlining the indispensable role of personalised strategies in today's fiercely competitive market.

Content Marketing Trends and visually appealing content 

Organic content, including videos, social media posts, interactive materials, webinars, and digital events, is continuing to experience an upward trend. HubSpot reports that brands are embracing digital content significantly this year to strategically align with their audience's preferred communication and content consumption channels.

While immediate purchases might be limited, consumer research will remain active. Sharing compelling content aimed at upper-funnel consumers helps build brand awareness and trust. Building connections during this period positions brands favourably for post-recovery purchasing decisions.

Continued focus on Brand Awareness, Not Just Lead Gen. 

Given the generally longer sales funnel of B2B purchasing, sustaining growth with brand awareness focused on top-of-the-funnel content continues to hold value. Moreover, for B2B enterprises affected by customer budget constraints, pursuing short-term lead generation strategies is impractical and may not see results. Instead, prioritising long-term relationships is recommended, and continues to grow as a trend. 

Even when constrained to reduce marketing spending, brands should amplify their visibility through content marketing and SEO tactics. Emphasising customer and prospect connections through digital platforms and social networks remains important. 

Conclusion 

The status of marketing is quickly altering as we tackle the second half of 2023. Some critical trends affecting the sector are personalisation, influencer marketing, video content, and AI-driven solutions. Businesses may remain ahead of the curve and effectively engage their target audience in an ever-changing marketing landscape by embracing these methods and employing the newest tools. 

At Maven TM, we understand the complex dynamics of B2B marketing. As a HubSpot Gold Partner, we remain committed to staying at the forefront of industry trends. Our dedication to monitoring and analysing vital trends equips us with the expertise needed to guide our clients through dynamic marketing landscapes, ensuring their strategies are not only effective but also adaptive to changing circumstances. From brand-building initiatives to tailored top-of-the-funnel content, we empower businesses to flourish in a B2B environment that rewards strategic foresight and sustained customer relationships.

Topics: Marketing Strategy, HubSpot, Marketing Trends

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