2023 Advertising and Marketing Predictions

2023 Advertising and Marketing Predictions

Advertising

Gather around advertisers, pull up a comfortable chair, and take a look at our advertising and marketing predictions for 2023! We take on some big topics, ranging from the rise of AI to the impact of the economic downturn. Oh, and TikTok and Twitter, too. Check out our predictions, and let us know yours!

The Economic Downturn Will Present an Opportunity

— Kurt Anagnostopoulos, co-founder

This is a time for companies to make smart decisions about their marketing spend. We’re clearly in an economic downturn. Over the next six months, the downturn will intensify although not to the extent of the Great Recession of 2008. When downturns occur and uncertainty happens, inevitably some businesses scale back on their marketing spend. History has demonstrated time and again that during lean times, the cost cutters lose out to the businesses that continue to invest in their brands. Companies that stay the course will come out the other side of the recession ahead. If you are smart about how you market and price yourself, you can leave your competitors behind when times are tough. It’s not necessarily about doubling down on marketing, and it’s not about cutting at the other end of the extreme. It’s about spending wisely.

A mentality of spending wisely could hurt the major ad platforms such as Google and Meta. They’ve become more expensive. With advertisers seeking to spend more wisely in 2023, Google and Meta might price themselves out of the running in favor of platforms that deliver better CPCs and performance for the money. An agency such as True Interactive can help businesses navigate the landscape by leveraging platforms in a more cost-effective manner.

The water is too murky to see too far out beyond the next six months. We need to see how things are going to play out for the second half.

Artificial Intelligence Will Need People More Than Ever

— Mark Smith, co-founder

You cannot spend a minute on LinkedIn these days without seeing someone talking about ChatGPT, the generative AI tool that makes it easy to do everything from write content to code. It’s understandable that ChatGPT has gained so much attention. OpenAI released the tool publicly in November 2022 and made it easy for anyone to use it. The public responded. But ChatGPT is just one in a growing number of AI tools being used to do everything from manage customer queries to create royalty-free music. Right now, a number of executives are experimenting with these tools to do the heavy lifting for them – the writing, image generation, and so on. But soon, the novelty will wear off. And everyone will realize what we know already: AI cannot do your work for you. People need to be involved managing AI like any other technology. If you use Google’s myriad advertising tools as we do, you likely understand. Our experience has consistently shown that automated ads powered by AI underperform without people involved to monitor and modulate them when necessary. The same is true of generative AI. These tools are slick, but they make mistakes, and they are notoriously biased. They are nowhere near the point of being self-sufficient. In 2023, some businesses will learn the hard way that AI alone is not the answer to making smart investments in digital marketing. They’ll realize that people matter more than ever.

Google Ads Will Get Costlier

— Beth Bauch, director

2023 could prove to be challenging for businesses highly invested in Google Ads. I anticipate more automation by Google, resulting in less control for marketers.

One of the most common suggestions in the “Recommendations” tab in the Google Ads platform is to convert keywords to “broad match,” away from the more traditional “exact and phrase match.” Exact and phrase match keywords are meant to only match to searches that contain your keyword, making search queries highly relevant. Broad match keywords allow your ad to show on searches that are related to the meaning of your keyword and can include searches that do not contain the keyword terms.

While we have seen some success when testing broad match keywords with Googles automated bidding strategies, we have also seen some significant failures resulting in high spend and poor conversion rates. So, you need to proceed with caution when using broad match. One of the ways we improve the quality of search queries is by adding negative keywords to prevent our ads from showing on searches that are irrelevant.

However, whereas in the past we had access to view all search queries matching our keywords, Google now limits that visibility, only showing the top search matches. This makes it more difficult to block irrelevant traffic resulting in more spend on searches with low conversion rates.

And poor-quality traffic is very costly, especially as we have seen significant increases in the cost-per-click (CPC) of both brand and non-brand keywords in 2022 – as high as 50 percent increases for brand terms alone year over year. For some clients, we saw rising CPCs even though we were not seeing an increase in competition on brand keyword bidding when reviewing the Google Auction Insights report. This is an indication that Google has raised the base price for participating in a specific auction, regardless of competition.

As Google looks to rebound and increase its profits, I expect to see even higher advertising costs for Google Ads in 2023.

TikTok Will Extend Its Influence

— Bella Schneider, senior digital marketing manager

With the increasing popularity of TikTok, I predict that the brand will expand and improve its ads manager to be more comparable to Facebook Business Manager. Currently the platform is lacking in a few areas, and if TikTok is to compete with some of the larger social channels, then it will need to make adjustments to allow for easier advertising on the platform.

Meanwhile, thanks to TikTok, I predict the world of video will dominate the advertising space. More and more video content is starting to look and feel similar to the videos displayed on the TikTok native platform. Whether it’s dances, trends, or challenges, I predict that advertising will shift towards this style of video content.

Does Twitter Have a Future?

— Max Petrungaro, account manager

I have a difficult time seeing advertisers return to Twitter as long as Elon Musk is at the helm. When Musk bought the company, things immediately started poorly with most of Twitter’s top advertisers putting their ads on pause or stopping outright. In December 2022, the situation for Twitter deteriorated, with advertising spend being slashed by more than 70 percent. Twitter tried to combat this by offering incentives to the companies that would keep advertising, but I do not believe that this will be enough to overcome the polarization that Elon brings to the table.

With most of its revenue coming from advertising, and top spending advertisers not showing ads and/or slashing budgets, there may not be a Twitter by the time 2023 is over. As long as Elon is associated with Twitter, I believe that more advertisers will start to focus their advertisements on other popular platforms, like TikTok.

Customer Data Platforms Will Have a Big Year

— Héctor Ariza, senior manager

As the push for tighter data privacy in the digital world gains momentum, I expect 2023 to be a big year for customer data platforms (CDPs). With stricter data privacy regulations being imposed by governments around the world, and the imminent cookie-less era looming, companies and advertisers are already exploring privacy-enhancing technologies in their search of a more secure, yet accurate way of tracking user activity online.

Still, whatever the alternative to cookies and existing tracking methods may be, it will likely rely heavily on data aggregation/modeling. Thus, first-party data will become ever so more important in the digital advertising world. CDPs allow companies to manage what data is used, where it is used and how it is used more easily. These systems also help with data consistency across marketing/advertising platforms and reduce the risk of mishandling customer data.

Retail Ad Networks Will Lean into Mobile Even More

— Tim Colucci, vice president

One of the biggest stories in advertising in recent years is the rise of advertising networks managed by retailers ranging from Amazon to Macy’s to Walmart. Amazon’s own ad business has become so big that it is challenging the Google/Meta duopoly. These networks have succeeded because they tap into first-party data shared by people searching and shopping on their sites. The next phase of growth will happen when they more effectively integrate consumer shopping data from physical stores into the first-party data they use to sell targeted ads. This is why retailers that operate physical stores and ad networks will invest more into their mobile apps. With self-service mobile apps, in-store shoppers give retailers data about their interests in real time in a faster and more efficient way than they do by having their purchases shared via point-of-sale technology. Look for retailers to make it easier for consumers to search and purchase on their apps – and for advertisers to run ads via self-service such as sponsored listings. Walmart has an edge on most retailers in that regard. Given Walmart’s influence and resources, I expect the company will lean into its competitive advantage while Target tries to play catch-up.

Contact True Interactive

To succeed in the ever-changing world of online advertising, contact True Interactive. Read about some of our client work here.

Two Ways the Agency Role Changes in the Era of Automated Bidding

Two Ways the Agency Role Changes in the Era of Automated Bidding

Advertising Google

When Google announced Smart Bidding Strategies in 2016, clients and agencies alike were hesitant to hand Google full control of pay-per-click (PPC) campaign management – and with good reason. Although the auto bidding strategies were supposed to yield superior results, for most of our clients, we continued to outperform the Google algorithm by using manual bidding and optimization techniques acquired through years of PPC campaign management experience.

To Google’s credit, the company has continued to heavily invest in improving the algorithms used in its Smart Bidding Strategies and has also rolled out a variety of bidding strategies with different performance goals, seasonality adjustments for smart bidding, and enhanced bid strategy reporting.

With these advances in automation, the agency role in PPC management is also shifting in a few important ways:

1 Agencies Are More Strategic

At True Interactive, we have seen the value in using smart bidding strategies for many of our clients. But it is important to note that it is not a “set-it and forget-It” approach when managing PPC campaigns using auto bidding. In fact, we need to remain very involved in managing these campaigns. Although the smart bidding strategies have removed some time-intensive tasks such as manually changing keyword bids, we are spending more time on understanding clients’ business goals and finding strategic solutions to help achieve them.

Understanding the KPIs most important to our clients helps us determine the best bidding strategies to use to reach those goals. Google offers bidding solutions focused on maximizing conversions, achieving a target cost per acquisition, maximizing clicks, or optimizing for impression share to name a few. Each of these bid strategies will yield very different results. Setting a target cost per acquisition that is too low can throttle traffic and limit search volume, while maximizing conversions may result in dramatically higher cost per clicks and more spend. We have also seen huge swings in performance when changing campaign daily budgets, hurting overall results for days (and in some cases weeks) following the changes. By playing a more strategic role in understanding our clients’ business goals, we are a more effective partner in managing bidding strategies.

2 Agencies Apply Deeper Specialty Skills and Knowledge

Understanding the nuances of the smart bidding strategies is key to achieving strong results. There is no one-size-fits-all approach to smart bidding strategies. At True Interactive, we work closely with our clients to ensure we set up their PPC campaigns for maximum success. The campaign structure plays a key role as does determining the appropriate bidding strategy. Our team is committed to closely monitoring performance so that we can be proactive in responding to changes in key metrics. And because automated bidding strategies have removed the need for manual keyword bid changes, we have more time to focus on strategic changes such as ad copy testing, campaign experiments, landing page tests, customized reporting dashboards, testing different bid strategies, or modifying existing ones based on performance and using Google Analytics to better understand full funnel results. As a result, we apply more of our deep specialty skills and knowledge. Working in tandem with clients’ marketing teams ensures we are all working towards the same business goals and using our experience to help achieve maximum results.

Contact True Interactive

If you are looking for a partner dedicated to helping you reach your business goals, we would love to work together. Contact True Interactive to get the conversation started.

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2021 Advertising and Marketing Predictions from True Interactive

2021 Advertising and Marketing Predictions from True Interactive

Advertising

If 2020 had a few surprises up its sleeve, the year certainly set the stage for 2021. In the months ahead, businesses are poised to transition more boldly to a digital-first economy, which includes a more seamless approach to e-commerce and increased opportunities for engaging with people through immersive experiences such as e-sports. At the same time, businesses will continue to navigate an increasingly complicated consumer privacy landscape. All those trends, and others, will influence the uptake of digital advertising and marketing in 2021. Read on for our fearless predictions for the year:

E-commerce Grows Up

We’ve all heard the same statistic bandied about: in 2020, the pandemic accelerated the shift to e-commerce by five years, according to IBM. But that doesn’t mean the acceleration went smoothly. As we saw during the holiday season, the surge in online commerce has exposed cracks in the seams for many retailers. Sellers struggled with a variety of issues ranging from stocking items properly to following through with orders. Going into 2021, these challenges are forcing companies to integrate all their processes (online, in store, shipping logistics, etc.) more seamlessly. Larger retailers such as Target and Walmart have already successfully expanded services such as curbside pick-up, which make it possible for shoppers to buy online and pick up merchandise at the store without needing to go inside. Going forward, they’ll follow Amazon’s lead and invest more in their own shipping and delivery services to own the order fulfillment process (Target and Walmart already have them – they’re still refining them, though). As we have seen during the holidays, the strain on shipping services such as FedEx and UPS is becoming unacceptable to retailers, and if they lack the resources to build out their own delivery services, they will partner with businesses such as InstaCart.

In addition, learning from the events of 2020, retailers will likely become more nimble in their approach to advertising and supply chain management in order to adapt to quickly changing shifts in consumer demand. They’re going to do a better job using tools such as Google Insights to adapt their campaigns to consumer behavior. The key will be to ensure their supply chain processes are as nimble.

— Kurt Anagnostopoulos, co-founder

Rough Sledding for Facebook

It may be rough sledding ahead for Facebook in 2021. Do a quick Google News search for Facebook and you will see a slew of articles depicting the challenges the social media giant currently faces. At the top of the list? News that more than 40 attorneys general and the U.S. government are expected to sue Facebook for alleged antitrust violations. And while Mark Zuckerberg has routinely appeared at congressional hearings addressing concerns of privacy, misinformation, and censorship, this latest lawsuit might be a final awakening for businesses who use Facebook as an ad platform.

Adding to Facebook’s already uphill battle is the release of the Netflix documentary, The Social Dilemma, which explores the dangerous human impact of social network platforms as told by tech experts who expose secrets behind their own creations. Many media outlets reported a wave of people canceling their social media accounts after viewing the documentary. Of course, Facebook has slammed the documentary, claiming it’s full of misinformation, but is the damage already done? Even if the documentary did not get all the details right, it has undeniably affected public perception of social media platforms. And if even a fraction of current users de-activate their accounts, this will absolutely have a negative impact on audience size available to advertisers. More importantly, with the continued negative publicity surrounding the biggest social media platforms, are businesses really going to want to ramp spend on Facebook and Instagram? My prediction is no. After a crazy year filled with pandemic fears and general social unrest, I do not believe businesses are looking to invest in platforms embroiled in controversy. And if media spend is pulled from some of the social media giants, it may leave the door open for other search engines or community-based ad platforms to emerge. Stay tuned!

— Beth Bauch, director, digital marketing

Walmart Gains Ground as an Ad Platform

The Walmart marketplace is still very much in its infancy. I believe that 2021 will lead to exponential growth of Walmart’s advertising services, and the company will become more competitive with Amazon in this regard. The current platform is still very small scale and, technically, still in beta or just out of it. Many larger advertisers have not been invited to join the Walmart marketplace because it is still so brand new. I believe that Walmart will enjoy a large jump in advertising on their app and site Q1-Q2 2021.

— Tim Colucci, vice president, digital marketing

Augmented Reality Takes Hold

I think in 2021 we will see more brands invest money into creating virtual experiences for their customers. Augmented reality (AR) was already becoming popular before the onset of COVID-19, but now, given the urgency to shop online during the pandemic, consumers are missing the in-store experience of physically trying on items. And retailers are responding with AR: Warby Parker, for example, has created a virtual try-on for their glasses via their app. My glasses broke this weekend, and instead of going to a Warby Parker store to try on different frames, I could use their app to see what the glasses would look like on me, and felt more confident ordering online. Another brand capitalizing on the opportunities inherent in AR? A make-up line called NARS. They allow you to experiment with their products, such as blush and eye shadow, through a virtual try-on feature. Overall, I think more retail brands will create virtual shopping experiences for their customers in 2021.

— Taylor Hart, senior digital marketing manager

E-sports Dominates

The world of e-sports is never one to stop changing. With e-sports accumulating a total revenue that reached more than $1 billion in 2020 (a $150 million increase from 2019), we can only expect that to continue to rise in 2021. Given the ongoing global pandemic and application of stricter stay-at-home rules, more and more people will turn to e-sports as another form of entertainment. It all starts with streaming services that allow e-sports players to become household names in the gaming industry. Giving these players an opportunity to reach tens, potentially hundreds of thousands of viewers without leaving their home is something advertisers can only dream of. Players will do sponsored streams, with designated ad reads to be presented at certain points during the broadcast. The NFL is also getting involved with Twitch (the biggest live streaming platform), getting some of the big name streamers (e.g., NICKMERCS and TimTheTatman) to watch Thursday Night Football on stream with various advertisers as sponsors. Watch for more professional sports and entertainment services to follow in the footsteps of the NFL and try to reach this large, somewhat untapped market.

— Max Petrungaro, digital marketing associate

Privacy Dominates the Executive Agenda

For years, CEOs and CMOs have treated consumer privacy as a problem for their information technology teams to worry about. No longer. Privacy is rapidly becoming a C-level problem that can damage a company’s reputation if managed poorly. A variety of forces have elevated the importance of privacy in the United States. First off, the state of California rolled out a tough privacy act, the California Consumer Privacy Act, in January 2020, and then made the law more strict in November. Because California is one of the world’s largest economies and is a bellwether state, what happens there will influence how other states treat consumer privacy. In addition, the big technology firms are already under close scrutiny, and the new presidential administration is likely to take an even closer look at their privacy practices.

Speaking of the tech giants – their actions are casting a spotlight on privacy. As widely reported, Facebook has launched a public campaign attacking Apple’s privacy iOS 14 updates, which are going to make it harder for Facebook and other platforms to target users with ads. Meanwhile, Google continues to move forward with its plans to stop supporting third-party cookies on the Chrome browser by 2022 – an action that continues to reverberate across the ad industry. In 2021, businesses will face a year of transition as they navigate an increasingly complicated consumer privacy landscape. The challenge involves more than reacting to changes in legislation and cookie tracking technology; advertisers also need to stay on top of emerging tools such as Verizon Media’s ConnectID, designed to manage ads without the use of third-party cookies. School will be in session constantly.

— Mark Smith, co-founder

More Social Shopping

With the world of online shopping expanding in 2020 due to the pandemic, I predict that 2021 will bring new ways to shop across social. Instagram has already released its e-commerce store to elevate shopping online. I predict that the platform will continue to refine its online shopping tools, even as more social networks follow Instagram’s lead and create additional opportunities for shopping right from consumer smart devices.

— Bella Schneider, digital marketing manager

Online Video Explodes

Online video is going to explode as the number of streaming services expands. I believe we are also going to see a cheaper, monthly subscription option (akin to the base Hulu subscription) that includes video ads as a way to subsidize lower-cost services. It is rumored that HBO Max will offer this option, but I believe we will see similar offerings from Peacock, Disney+/Hulu (which I believe will be combined at some point . . . in 2021?), and Amazon Prime. I think the opportunity for more ad space is going to be too good to pass up as more and more consumers cut the cord OR sign up for multiple streaming services. In addition, I believe we will see other live TV options becoming available from streaming services: cord cutters will still have the opportunity for live TV . . .  plus the ad space that goes along with it.

— Tim Colucci, vice president, digital marketing

Contact True Interactive

To succeed with online advertising, contact True Interactive. Read about some of our client work here.

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The Online Opportunity for Higher Education

The Online Opportunity for Higher Education

Google Higher Education

In April, when I first blogged about the impact of COVID-19 on higher education, I assumed the issue would be how colleges addressed finishing out the spring semester of 2020. Perhaps I was naïve in thinking the worst would be behind us by the time the fall semester rolled around. Now with the 2020-21 academic school year deadline upon us, there are still many obstacles and challenges ahead for higher education institutions. Meanwhile, thousands of students (and parents) are either anxiously awaiting more guidance or bracing themselves for a disruption similar to what the University of North Carolina just experienced when the school abruptly halted plans for an in-person school year amid a COVID-19 flare-up on campus.

Learning in the Age of COVID-19

According to the Chronicle of Higher Education’s most recent list of College Reopening Plans, 21 percent of colleges are planning “primarily in person,” 24 percent are planning “primarily online,” and 27 percent are still currently “TBD.” A very small percentage (2.5 percent) are planning “fully in person,” 2.9 percent will be “fully online – no students on campus,” 16 percent are planning on a “hybrid” approach, and less than 1 percent are planning on “fully online – some students on campus.”

All said, as of now, most colleges are leaning toward either an online approach or a hybrid option, offering some online courses and some in-person learning. And while the format of classes for the fall semester continues to be worked out, many students and (even more parents) are discovering how tuition will be affected. Harvard has come under harsh criticism after recently announcing it will still be charging full tuition as classes go online amid the coronavirus outbreak. Harvard, Smith, Tufts, Duke University, and others did say they will refund students for unused room and board on a prorated basis.

Assessing Costs

However, room and board costs, while still a considerable investment, are far less than tuition expenses; many parents may find themselves questioning the value of paying for a “top-tier” school education if classes are 100 percent online. Without a doubt, the college experience will be vastly different when learning is online versus on campus. Parents and students may instead opt for classes at a community college if they are within their first two years of their college degree. The financial savings are substantial, and with the lack of a traditional on-campus college experience, there certainly is a case to be made for saving money. Additionally, students will have more options available for online courses —and where they take them — as more and more schools expand their offerings.

So, what does all this mean for higher education from a marketing perspective? Two things: more opportunity, and more competition.

Opportunity

This is an opportunity for schools to promote their online offerings, whether they are new to the online learning format or a veteran in this department. Colleges who have traditionally featured online offerings may find themselves attracting a whole new demographic of students — students who might not have considered online learning before COVID-19. These students might think, “If I have to study online right now, I’m going to go where they’ve been doing it a while.”

But colleges just embarking on an online learning program may also appeal to a new demographic: students who, for reasons such as geography, might not have even considered a particular school before. With online learning, schools may suddenly become “in reach.”

Competition

Competition for online degrees is stronger than ever before, as more and more traditional on-campus programs are now entering the online space. In Google Ads, we have seen steep increases in keyword cost per click, primarily due to increased competition. To maintain an acceptable cost per lead, it is becoming even more important to leverage as many targeting options as possible within the Google Ads platform. Those options include audiences, device, location, age, income, and more. It is also essential to evaluate performance based on day of week and time of day in order to find the most efficient time to invest your advertising dollars.

While the increase in keyword CPCs might make it more difficult for smaller schools with smaller budgets to compete in paid search auctions, we’ve also seen a significant investment in Google Display Ads and social platforms as schools attempt to expand their reach. That’s because Google Display Ads and platforms such as Facebook and Instagram have much lower cost per click (or cost/impression) than traditional paid search in Google. So, for colleges with smaller marketing budgets, Google Display Ads, Facebook, and Instagram can be an effective method of reaching potential students.

Contact True Interactive

In short, great opportunity exists for higher education in the online market, but the competition is fierce. Now, more than ever, you need to have a comprehensive marketing plan in place. At True Interactive, we are well versed in the higher education vertical and are ready to help you navigate this ever-changing market. Contact us. We can help.

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How the Hotel Industry Is Adapting Its Marketing and Customer Experience

How the Hotel Industry Is Adapting Its Marketing and Customer Experience

Marketing

As U.S. states re-open (in fits and starts) after the COVID-19 lockdown, many may have expected to see a return to “business as usual.” Interestingly, what these first few weeks have shown is that the way businesses are now operating is anything but “usual.” In fact, it is probably fair to assume that going forward, we will continue to see a shift in business practices and priorities. The hotel industry, which has been hit hard by the pandemic, is demonstrating how to be resilient both in its customer experience and marketing as times change. Let’s take a closer look at how hotels are evolving.

The Hotel Experience Has Changed

Many in the lodging sector closed for months during the lockdown, while others operated at a fraction of their maximum occupancy. In some cities where COVID-19 cases were rampant, hotels closed their doors to the general public, and instead offered up free lodging to essential workers so that they could be close to their workplaces and keep their own families safe from exposure.

Now that more and more hotels are beginning to re-open to the public, we are seeing some very interesting changes in the industry. Prior to COVID-19, most hotels relied on their list of amenities to attract potential guests. Pools, on-site dining, spas, room service, valets, bellhops and more were just a few of the luxury offerings that distinguished one hotel from another. But with a new focus on safety, many of those extras are no longer available.

According to a recent article by Conde Nast Traveler, your hotel experience will feel different from the moment you enter the lobby. While the lobby has traditionally been a busy social hub of the hotel experience, it is very likely travelers will now encounter limits on the number of guests in the area, as well as paperless check-ins and digital room keys downloaded to the hotel app, replacing the previous key cards. Perhaps even before entering the lobby, guests may notice the lack of valet service or even bellhops. In order to reduce the number of touches exchanged between travelers and staff, hotels may opt to remove some of these services. so be prepared to park your own car and carry your own luggage.

Of course housekeeping changes will be at the top of the list when it comes to safety precautions. Many hotels are opting to put a “safety seal” on hotel room doors, indicating that no one has entered the room since it was thoroughly cleaned and sanitized. The room may also look sparser than expected, as items such as decorative pillows, notepads, and pamphlets, which can be hard to disinfect, may be removed. Cleaning protocols will be enhanced to include CDC-approved cleaning supplies and techniques, and a several-day buffer may be instituted between guest stays in a room. Some hotels may continue to offer room service, but it will be done using a contactless approach. Amenities such as on-site dining, pools, and spas will operate with more structure, limiting the number of guests and times of operation.

How Hotels Are Changing Their Messaging

To reflect this changing experience, hotels have needed to adapt their marketing strategies. For example, one True Interactive client, a luxury hotel chain, recognies that travelers will have a different set of priorities when booking reservations. So our client has shifted messaging to focus on a more flexible booking and cancellation policy. A deposit at time of booking is no longer required, and a more lenient cancellation policy requires only 48-hour notice for a full refund. While the hotel chain is doing everything they can to ensure a safe and enjoyable stay, they still recognize the pervasive sense of uncertainty experienced by many leisure travelers right now. The chain is making big changes to accommodate travelers looking for flexibility when booking: the option, in other words, to change their minds.

Our client’s actions are consistent with how many other hotels have adapted their online experience. If you visit most hotel websites today, you will find reassurance front-and-center that your health is their priority. The Radisson Hotels’ home page, for example, features a banner guests can click on for more information about Radisson’s flexible booking policy and health/safety protocols. The latter are spelled out clearly, detailing efforts like team member temperature checks, and the installation of protective screens at the front desk.

Holiday Inn’s home page also addresses COVID-19 concerns head-on. The hotel’s “book now, pay later policy” requires no deposit and includes flexible terms for cancellation.

A page dedicated to explaining the hotel’s cleaning philosophy is worded in friendly, reassuring language, as his example from a Cleveland-area Holiday Inn : “When you’re ready to travel again, we’ll be ready to welcome you.” Holiday Inn also highlights the hotel’s partnership with the Cleveland Clinic to develop best practices for “returning to work and keeping guests safe.”

Contact Us

To stay competitive, all businesses are wise to re-evaluate their policies and safety standards, ensuring they are aligned with what consumers now expect. Moreover, businesses need to communicate these policies clearly. If your business needs help navigating the digital landscape in this new world, contact us. At True Interactive we are experienced and ready to help you at every turn.

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How Higher Education Can Adapt Digital Marketing Approaches

How Higher Education Can Adapt Digital Marketing Approaches

Marketing

COVID-19 has affected businesses across every vertical in different ways. Some are finding it nearly impossible to keep up with the demand for staple goods such as toilet paper and health-related products such as hand sanitizers and face masks. Others, ranging from hotels to restaurants, are struggling to find ways to keep employees on the payroll. The higher education industry is being affected as well. Let’s take a closer look based on our observations and client work.

Challenges for Higher Education

This pandemic has created several challenges for the higher education industry – some for which many were prepared for, and others which have left colleges and universities scrambling to adapt. Many of our higher education clients have robust online class offerings. In fact, many offer bachelor’s and master’s degrees that are 100 percent online. Those clients have experienced minimal disruption to their class schedules.

With that said, when we dig deeper into the data and examine marketing trends closely, we see some revealing details, such as:

  • When it comes graduate-level healthcare related degrees, we have seen a steep drop in overall demand (impressions and clicks are down significantly in Google) as well as a reduction in the number of people completing lead forms seeking more information about a degree program. These results are not surprising. We have all witnessed the heroic efforts of our healthcare workers over the past weeks, devoting countless hours to the point of exhaustion. They understandably need to put the rest of their lives on hold.
  • Conversely, we have seen a 5 percent lift in conversion rates from February to April for master’s in education programs offered by our higher education clients. Those programs are for people who possess education degrees and are looking to earn an advanced degree such as a master’s in education or a master’s in early childhood education. As K-12 classrooms around the country have turned to an abbreviated school day utilizing virtual learning, teachers are reclaiming a few extra hours of their day, and appear to be spending time looking for opportunities to further their own education and advance their careers.

Because of the vast difference in conversion rates between higher education degree programs, it is important to tailor your marketing approach. Now may be a great time to ramp up pay-per-click (PPC) spend for graduate-level teaching degrees, while pulling back on PPC spend for healthcare degrees.

Why Higher Education Needs to Stay Engaged Online

Although higher education is in a unique position with many already offering online learning prior to the pandemic, clearly there is still much disruption in campus programs. Colleges are struggling to complete the 2019-20 year in a virtual format. Many are offering pass/fail options versus a standard letter grade. There are virtual graduation ceremonies in the works,  and some are choosing to delay graduation until a later date in hopes there can be an in-person ceremony.

And a bigger question looms: will campuses will open on schedule this fall, and if they do, how many students will feel comfortable returning? This USA Today article speaks to the conflict being reported widely throughout the news media: students and their parents are going to be tempted take the 2020-21 school year off rather than return to an online format, especially if colleges and universities charge normal tuition rates for an online experience.

In this uncertain climate, all higher education providers must use digital to stay closely connected to current and prospective students as well as their parents. Doing so is especially important now as colleges and universities try to attract students to an experience that is radically different than the one that students signed up for. Right now, many schools are wisely investing more dollars in social platforms to keep students in isolation engaged during the 2019-20 year. They will need to do even more as the uncertain 2020-21 year approaches.

Be Ready to Pivot

Amid uncertainty, we are sure to see online learning play an even bigger role in higher education. Colleges and universities need to be ready to tackle the challenge. Competition is already strong resulting in high cost-per-clicks (CPCs). Currently we have seen CPCs range as high as $90 or more. As more and more colleges enter the online market, we should expect to see those CPCs increase further, and smaller colleges with limited budgets may be forced out by bigger players.

Contact True Interactive

It will become increasingly important to take full advantage of targeting options including geographic, household income, age, and interests to help make the most of your advertising dollars. The one-size-fits-all approach will quickly lead to failure. At True Interactive, we have extensive experience in the higher education field. We are happy to review your current marketing plan and work with you to ensure you are on the path to success. Contact us to get started.

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8 Digital Advertising Predictions for 2020

8 Digital Advertising Predictions for 2020

Advertising

Google takes control of advertising. More businesses feel the heat over consumer privacy. Voice search gets smarter. These are among the trends influencing digital advertising in 2020, according to True Interactive. Here’s a sample of what’s on our minds:

1 Google Takes Control of Advertising

Google is taking away manual control of Google Advertising with the removal of the average position metric and by continuing to implement automated bidding tools and metrics such as top impression share that make measuring search ranking less transparent. As a result, CPCs are going up.

Going forward, Google will continue to push automated bidding strategies. Google’s rationale is that its algorithms are smarter, making it possible for Google to adjust bids per auction. But smarter bids are not necessarily less costly ones in the short term, and there is still much trepidation by marketers in handing total control over to Google, who stand stands to profit from an increase in CPCs and overall spend. Bottom line: as Google continues to make manual bidding more challenging, advertisers will be forced to buy into automated bidding with less transparency.  Expect CPCs to increase at least in the short term as businesses hand more control over to Google.

— Beth Bauch, senior manager

2 The CCPA Throws Down the Hammer on Big Tech

By July 2020, we will see the first major lawsuit against one of the big technology firms – likely Facebook or Google – over a violation of the California Consumer Privacy Act (CCPA). The CCPA, which goes into effect January 1, is evolving. Businesses are still figuring out its vagaries and requirements. Google and Facebook are in interesting and vulnerable position because they touch so much audience data for businesses, increasing their risk level. And we know Facebook’s track record for privacy violations, don’t we? Watch for it: a major lawsuit will happen that forces businesses to come to terms with the CCPA.

— Tim Colucci, vice president

3 Netflix Adopts Advertising

Netflix will need to adopt some form of advertising. Netflix has achieved phenomenal growth, to be sure. But the entertainment company also faces unprecedented threats with Disney+ and, eventually, Apple+ once Apple figures out a long-term strategy that works. (Apple has a lot of cash and time to get Apple+ right. Just wait.)

In addition, the cost of creating content is putting Netflix in an interesting bind: when Netflix has a hit show, it has to spend more money to accommodate audience demand, creating even more costs. On top of all that, for the first time in a long time, Netflix has reported drops in membership levels.

Netflix will likely introduce a less-expensive ad-based model, but the company will also do something it has avoided pursuing: product placements in shows like Stranger Things, which popularized brands such as Kellogg’s Eggos without earning Netflix a dime in return. Those days will come to an end as Netflix responds to pressure from investors to cover its costs and respond to the threat of Disney.

— Héctor Ariza, manager

4 Voice Search Gets Smarter and More Useful

I’ve written often about the rise of voice search, and I continue to see more people using their voices to find things with their smart speakers, phones, and in-car devices. But what’s changing is that people are getting more comfortable buying things, not just searching for things, with their voices. That’s happening because as we get accustomed to the ease of using our voices to manage our lives, we are gradually becoming more comfortable accomplishing more complex tasks. In addition, thanks to improvements in artificial intelligence, voice-enabled devices are getting smarter and more capable of managing purchases and product orders. Frankly, the market got flooded with smart speakers such as Amazon Echo and Google Home before AI was adequately advanced to make a voice-activated speaker as smart as we’d like them to be. Those days are rapidly drawing to a close.

— Taylor Murphy, manager

5 Google Monetizes Maps and Google My Business

We recently blogged about the fact that half of searches on Google stay on Google properties such as Google Maps, YouTube, and a business’s Google My Business (GMB) listing. In other words, half of searches are not resulting in clicks on a business’s website. In addition, Google My Business is the most important local search signal according to the Moz Local Search Ranking Factors. These data points mean that businesses need to invest more time and energy maximizing the value of their presence on Google. Google knows this reality and is getting more aggressive about offering advertising products for businesses on these sites. Earlier in 2019, Bloomberg discussed how Google is evolving Google Maps with more advertising tools. Especially as more cars integrate mapping technology, Google is going to place even more advertising emphasis here. I also expect Google to provide more advertising options for businesses to promote themselves on their GMB listings. I also would not be surprised If Google introduces a premium version of GMB in which businesses will enjoy more features for a cost.

— Mark Smith, co-founder

6 Cause Marketing Faces a Reckoning

Cause marketing has been around for years. Businesses have learned they can create stronger emotional ties with customers and job seekers by associating themselves with a topical issue such as sustainability. In 2019, businesses were falling all over themselves to promote a position on sustainability as the topic reached all-time levels of public awareness. But there’s just one hitch: we’re seeing a glut of cause marketing campaigns, and they’re not necessarily connecting with consumers. I was reading a recent report from DoSomething Strategic that discusses how businesses have struggled to make their cause marketing connect with young people. Gen Z definitely wants to associate with purpose-driven companies. But businesses still have a lot of work to do in order to convince them that they’re aligned with Gen Z values. Businesses are going to become more careful about how they do cause marketing. I believe we’ll see fewer online ads and a more thoughtful use of content marketing, PR, social media, and native advertising in which a business can spend more time having a longer-term discussion about issues it cares about. Businesses will humanize these conversations by sharing their position through the voices of their people.

— Kurt Anagnostopoulos, co-founder

7 Agile Advertising Takes Hold

We all know about real-time marketing, in which a brand uses social media to turn a news event into a marketing opportunity. Agile advertising occurs when a business acts on a recent event and creates a connected marketing experience that endures well beyond a single tweet, Facebook post, or other digital impression. We saw Bud Light exercise agile advertising during the World Series when it capitalized on the fact that a fan in the stands stopped a home run ball with his chest while holding two Bud Lights in his hands. Bud Light created a series of marketing moments including creating a branded T shirt depicting the fan stopping the home run ball. Bud Light paid the fan to attend another World Series game sporting the Bud Light attire. We also saw agile advertising in action when Aviation Gin created a slick ad online that gently made light of the controversial Pelton cycling ad. I see more businesses adopting this practice because the digital production tools have evolved to the point where talented storytellers can quickly conceive of an idea and get it into market with an ad that taps into current events and endures for days and weeks.

— Max Petungaro, associate

8 Hispanic Marketing Hits Its Stride

In the United States, 69 counties are majority Hispanic, doubling from 34 in 2010. Hispanics have increased their economic power, reflecting a growingly diverse U.S. population. In 2020, Hispanics will possess $1.7 trillion in buying power. The United States continues to reflect Hispanic tastes in all aspects of our culture (including and beyond the Hispanic community, ranging from movies to popular music). We’re going to see businesses apply research and targeting to do more effective, sophisticated Hispanic marketing that recognizes the diversity and tastes that reside among Hispanics. Brands are already capitalizing on this growing market. (For more insight about marketing to Hispanics, check out our blog post.) And tech companies such as Google are responding to a more multicultural world in general by making their platforms more open to people who speak languages other than English, an example being how the Google Assistant voice software can interpret 44 languages on smart phones. These types of developments will help bridge the world between businesses and Hispanics in 2020.

— Amanda Cortese, associate

Contact True Interactive

To succeed with online advertising in 2020, contact True Interactive. Read about some of our client work here.

 

 

 

 

Photo by Diego Jimenez on Unsplash