Do Marketers Expect to Face More Competition in 2024?
Do marketers think their companies will face more competition in 2024 compared with 2023? To find out, researchers conducted a survey of 507 marketing professionals in the United States.
Marketers are increasingly turning to outcome-based marketing, a discipline that seeks to reset the definition of success in business marketing by beginning with the end—that is, working backward from desired customer behaviors to the factors that drive those behaviors. Outcome-based marketing outperforms reach-based media planning on a ROAS (return on ad spend) basis by more than 50%.
Adopting and implementing an outcome-based strategy involves a reset of many of the basic tools of modern digital marketing. This includes diving deeper into business goals, optimizing channels, using the correct data, using predictive analytics, and continually refining your strategy. Predictive analytics can be the key to determining the right media spend and strategy.
Outcome-based marketing helps build long-term partnerships that embed companies deeply into their customers' ecosystems with a higher ROAS than reach-based planning. It sets the agenda on multiple fronts and provides clarity for seasoned professionals.
Outcomes Are In: Why Outcome-Based Marketing Is So Successful
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Do marketers think their companies will face more competition in 2024 compared with 2023? To find out, researchers conducted a survey of 507 marketing professionals in the United States.
What makes top B2B marketers successful? Recent research unveils what differentiates top performers. Dive deeper.
Another year in martech has passed at a blistering pace—with the discussion on new trends, technologies, and issues consuming our days. The author builds on his (mostly borne out) 2023 predictions about three martech trends.
The next few years will bring fundamental shifts to marketing. First things first, though: Prepare for what's to come in 2024 before looking further out into the future. Here's where 2024's most successful marketers and media agencies will direct their focus this year.
The bad news is that marketing isn't going to get any easier in 2024. The good news is that your marketing output is sure to improve if you use these three predictions to work both smarter and harder in the new year. See what's ahead...
For marketers, belt-tightening is back for 2024. Balancing brand and demand investments, however, doesn't have to hurt. In fact, taking these six steps can increase impact, build resilience, and pave the way for long-term growth. Do more with less.