Digital Marketing a Mixed Bag Across Many Industries; Brands Lack Confidence in Multichannel Marketing ROI


They Don't Call It 'Switching Channels' for Nothing: A recent Economist Intelligence Unit (EIU) report on digital marketing preference has one overriding conclusion: Consumers want different things from brands in different industries. The study culled two surveys, one comprised of 409 consumers and the other 257 marketing executives hailing from the U.S. Questions were aligned to uncover information regarding the clothing, banking, travel, media, entertainment and automotive industries.

Almost half of the consumers responding to the 2013 Recommendation Study said that YouTube video reviews serve as the best online recommendations while a Facebook “like” from a "connected" friend comes in a very close second. Conversely, a tweet about a brand or a product does not carry nearly as much weight (17%).

Almost half of the consumers responding to the 2013 Recommendation Study said that YouTube video reviews serve as the best online recommendations while a Facebook “like” from a "connected" friend comes in a very close second. Conversely, a tweet about a brand or a product does not carry nearly as much weight (17%).

Here are some of the key findings, per industry:

• Banking: Forty-two percent of marketers within the banking sector said that customer retention is the top priority. That total is 14% higher than all other industries included in the study.

• Travel: Email ranks as the highest channel of influence, with 37% of consumers indicating it can impact travel decisions.

• Media: Forty-five percent of marketing respondents list data analysis as a key predictive skill. However, they minimize the value of the skill by 7%, compared with 2008.

• Entertainment: Marketers are investing very little into branded social media pages, with 56% stating that only 1% to 10% of their budgets are allocated for this purpose.

Source: Economist Intelligence Unit

Big Data: More Hype than ROI? A whopping 81% of brand marketers lack confidence in measuring ROI according to recent survey by TagMan. The study, which was conducted by Finder Media on behalf of TagMan, took the pulse of more than 200 senior digital marketing and e-commerce professionals within the U.S. Despite the ongoing expectations of Big Data and social media, marketers are still suffering from wasted spending on digital channels. To wit:

Nearly half of the respondents (43%) said they lack confidence that social media investments are paying off with more revenue.

More than half (55%) said they are measuring success by click-through rates.

Forty-nine percent of the respondents said they are not sure how they measure and reward channel performance.

Sources: Finder Media, TagMan




Comments Off

Deals of the Week

Get $150 Off PR News' Media Relations Conference

 media_relations_banners_180x150_ep

Join us on December 11, 2014, for PR News’ essential Media Relations Conference, taking place at the National Press Club in Washington, D.C. You'll learn from top PR professionals how to amplify your organization’s messages through positive coverage in traditional media and through your own branded content initiatives.

Use code “150off” at checkout.

Get $50 off PR News' Media Relations Guidebook


book-mediarelations-180x150

This 8-chapter resource contains practical implications for some of the most innovative developments in media relations, including the technologies, methodologies and mannerisms that determine the ecosystem in which PR pros practice this essential part of their craft.

Use code “50off” at checkout.

Save $100 on a PR News Subscription



Let PR News become your weekly, go-to resource for the latest PR trends, case studies and tip sheets. Topics covered include visual storytelling, social media, measurement, crisis management and media relations.

Use code “SUBDEAL” at checkout.

Comments are closed.