Marketing predictions for 2022

Crispy autumnal leaves, the first frost of the year and darker nights, all means one thing we’re rapidly approaching the end of 2021. A year like no other! But what is in store for 2022? In our latest blog we take a look into our crystal ball to predict what to expect for marketing in 2022. We’ll be looking at Google updates, social media and traditional marketing amongst other factors. Read on to find out how to get a head-start for your business in 2022.

1.      Another Google Update

In early 2022 we’ll be seeing the rollout of MUM (Multitask Unified Model) the AI model update is set to make complex search results more simplified. This is one of many steps taken by Google to make searches easier for users. There have been minimal changes to search engines over the past 20 years although we have seen many enhancements and updates however the core rules of how a search works have remained relatively unchanged. The innovation of MUM promises to bring more results of what we want without having to make several searches. MUM will inevitably have an impact on SEO with keywords taking a backseat to whether the site answers the query written by the user.

2.      Paid Search

Pay-Per-Click (PPC) if you’re looking to create a successful online platform investing in PPC is a must, but how do you get the best results? As previously discussed, the ever changing Artificial Intelligence (AI) is fast becoming a major factor in running an effective PPC campaign. Utilise it when automating bids or looking for longtail keyword suggestions. Get social, we’re aware of the benefits of paid social advertising on Facebook and Instagram but there’s an emerging player in the marketplace Tik Tok. Tik Tok has recently formed a partnership with Shopify to enhance advertising processes with the platform. Look at integrating it into your campaigns to get ahead of your competitors.

3.      Social Media

We’re seeing an emerging player in the social media market Tik Tok. With many innovations this social network is rising through the ranks its seen an increase in users of 45% in less than a year compared to a 6% monthly rise in users on Instagram (Hootesuite). We recommend spending some time familiarising yourself with Tik Tok and bagsying your handle. We’ve seen many businesses utilising social media to sell their products. Users are becoming accustomed to this and are growing to expect this. Despite mixed feelings from users social listening is going to become even more prolific in 2022 with many businesses already utilising this tool through their chosen social media management platform.

4.      Events

With many events from networking to team building hosted online in 2021 due to the pandemic we wonder if we will see a full return to in-person events in 2022. What the past two years has proved is that its not necessary to host all events in person. The cost saving benefits of hosting events online is one of many benefits to virtual events but can you really gain the essence of an event from behind a laptop? Event organisers are certainly behind hybrid events with 64% saying they will continue to utilise virtual features at live events (State of the Event Industry Survey). Either way whether virtual or in-person we expect to see many more events hosted by businesses in 2022.

5.      PR

Although there are many developments in PR due to our advances in technology, Icon believes getting back to basics is a must in the world of PR. Don’t blanket email journalists, personalise your emails. Write engaging ‘newsworthy’ content whilst building the credibility and reputation of your business. As we all know in the digital world ‘content is king’ so incorporating your PR strategies into your website will reap rewards in 2022. As will online reputation management. Are you responding to reviews? Are you dealing with negative comments and reviews? Buyers are increasing interested in these factors. We also believe there will be a continuation of influencer marketing. Finding influencers who are aligned to your core values will help you gain maximum exposure for your brand.

Most importantly like every year the best way to effectively execute your marketing campaigns in 2022 is to plan. If you’d like to talk to Icon about your marketing for 2022 or anything else, feel free to get in touch kiesha@iconmarketingcomunications.co.uk 07979940526.

Black Friday: Cannibalisation or Propagation?

I worked in marketing for a leading hospitality business for many years so Black Friday is a term that I have been familiar with for some time. Back then it was an industry term to describe the last Friday before Christmas when typically, we would see the most Christmas party bookings. Since then, much like Halloween and Baby Showers we have taken the lead from our American counterparts. Black Friday has become a day when retailers heavily discount their products to encourage consumers to purchase, giving businesses a much needed pre-Christmas boost. We’ve even gone one step further with Cyber Monday. But does Black Friday actually boost businesses sales or are we simply cannibalising existing sales? In my latest blog I’ll take a look at the benefits of Black Friday vs the potential pitfalls.

Black Friday this year will fall on Friday the 26th of November. So, if you’re looking to capitalise on this day, you’ve not got much time to get your ducks lined up. Last year we spent an estimated £6 billion on Black Friday and Cyber Monday. Forecasts suggest that this year spending will be down by 6% with the average Brit set to spend £275 (finder.com). So why the sudden downturn in projected sales? The easing of lockdown and vaccine rollout may hold the key to the predicted decline in sales. With life almost returning to pre-pandemic status consumers have more demands on their income. Money is getting spent on socialising, commuting and non-essentials. Concerns over supply chains may also have some bearing on consumer behaviour this year.

So, what does this all mean for your business should you engage in Black Friday promotions or hold your nerve and maintain your retail prices. Black Friday has many pros and cons.

Pros

1.      An increase in traffic and sales

Consumers have become savvier due to Black Friday and Cyber Monday and are actively seeking out bargains during this period. Black Friday and Cyber Monday focuses shoppers on a set period of time meaning more sales and traffic for your business.

2.      A chance to offload stock prior to Christmas

Black Friday is a great opportunity to clear older stock and introduce new lines prior to the Christmas rush. This is particularly key if your business is in electronics or fashion.

3.      New customer attainment

Finding new customers can be tricky and costly. Black Friday and Cyber Monday give you an opportunity to get in front of new customers who you can then retain if their experience is positive then they will come back to you.

4.      Incremental sales

Customers are well trained and are keen to purchase around Black Friday. They may be attracted to your business due to discounts however they may go on to purchase full price items.

5.      Fulfilment of orders prior to Christmas

With ongoing issues with delivery getting sales in early may prove beneficial to retailers as you can ensure customers receive their items in good time prior to Christmas.

Cons

1.      Pressure to discount

As I’ve already mentioned customers have grown to expect discounts around Black Friday and Cyber Monday. This may be difficult for some retailers to achieve.

2.      Negative impact on sales margins

Although sales are likely to go up, profits will go down. You need to consider whether offering discounts is actually commercially viable. If not then you may wish to withdraw from offering deductions however, will your competitors be offering a promotion?

3.      Increase in returns

Black Friday can encourage impulse purchases, the problem is whether customers will then return the items.

4.      Overcrowded competitive marketplace

Lots of retailers will be talking about Black Friday so getting your voice heard above all your competition can be problematic.

5.      Delayed sales as customers are waiting for discounts

We’ve all grown to expect discount around Black Friday so teasing customers to purchase outside of this period will be tough. Its likely that you will see a drop in sales running up to Black Friday which will have a negative influence on your bottom line.

The Black Friday and Cyber Monday phenomenon looks like its here to stay despite the difficulties it poses to retailers. Its important to consider all the pros and cons before embarking on discounting your products. The impact on margins is easier for a larger retailer to absorb but for smaller businesses it may prove challenging. But equally the opportunity to acquire new customers during this period is beneficial. The key to success is ensuring that promotions are carefully managed to ensure that margins are protected whilst taking advantage of the increase in customers looking for a bargain.

If you’d like to talk to me about your marketing prior to the run up to Christmas or anything else, feel free to get in touch kiesha@iconmarketingcomunications.co.uk 07979940526.

How to ensure you start 2021 with your best foot forward

Economists could never have predicted what a tumultuous year 2020 would prove to be. Two national lockdowns, the demise of many high street brands and the uncertainty of Brexit have all created the perfect storm for a difficult year of trading. Although there are some ‘green shoots’ particularly with the advent of a vaccine. There’s no denying that the start of 2021 will spell the survival of the fittest. So, what can we do as 2020 draws to a close to ensure our businesses are as robust as possible? Read on to hear my top tips on how to make 2021 a bumper year.

Back to Basics

When did you last review your business plan? If the downturn in trading has left you with more free time now is a great opportunity to create or revisit your business plan. Can you provide your product or service in a more accessible way? Perhaps incorporating video consultations to clients or moving the business online. Knowing what we know now heading into 2021 we should be fully armed with a fool proof business strategy.

Pivot! Pivot! Pivot!

The term pivot has shot into our vocabulary with many businesses looking at inventive ways to continue trading. The swerve, as some commentators are now referring to it, is a way of making your business COVID proof. Events companies distributing care packages for companies, pubs opening delis and businesses adding a new range of services. The ‘swerve’ is keeping many businesses afloat. Can you adapt or expand your services?

Budget

Relook at your budget, what can be cut back on or repurposed? Although it’s tempting to slash marketing budgets the only way to survive is by investing wisely in the business. Marketing is an integral part of this. So, start by looking at your budget and allocating a proportion to marketing activity. If budgets are tight look at activity which will give you the best ROI whether that’s a PPC campaign, paid social or email marketing the tools are there to make your £’s work for you.

Wellbeing

With many staff still WFH (working from home) it’s likely to have taken a toll on their mental health. After all, the workplace is ordinarily a sociable environment. Do your staff feel valued? With current restrictions it’s unlikely that many companies will be able to hold an annual Christmas party this year. What can you do to ensure your staff are happy and appreciated?

Brexit

With less than 1 month to go until the end of the transition period we will be working with new rules for trading with the EU from 1st January 2021 onwards. Are you ready? Do you need to look at having your qualifications recognised by EU regulators or do you need to apply for a work permit? Trading with the EU will be a little different next year make sure you’re not caught out.

Although 2021 seems a little daunting with the right professional help you can make it successful. To see how marketing can help you achieve your objectives get in touch to arrange a socially distanced consultation kiesha@iconmarketingcommunications.co.uk

When I grow up, I want to be…

Source: Daily Mail

Don’t worry I’m not going to add a Pussycat Dolls video.

What career did you want to have when you grew up? Have you realised your dreams? My first memory of a chosen job was that I wanted to be a hairdresser. I loved the idea of making people feel better about themselves and its also a very sociable job. If you’ve not gathered by now, I love to chat! But it was during a trip to Granada Studios (remember when they used to be based just off Deansgate?) where my eyes where opened to the wonderful world of media. I don’t know why but out of the group of children and parents I was picked to ‘read the news’. It was an amazing experience and definitely lit the fire for a career in communications. The other thing I liked about the media was their desire to be the first to do stuff we shouldn’t be shocked by, but it was a big moment when the first black kiss occurred in 1968 or seeing a gay couple on TV. It’s saddening to hear that the creative/arts industry has taken such a knock due to coronavirus.

RSC Artists speak up. #BlackLivesMatter

But what is marketing communications really all about?

“Marketing communications includes advertising, promotions, sales, branding and online promotion.[3] The process allows the public to know or understand a brand. Successful branding involves targeting audiences who appreciate the organisation's marketing program.”

(Wikipedia)

To me quite simply it’s all about being where your customer is, with the technology we now have at our fingertips this can be done in many different ways. There’s no denying that digital has overtaken many other media formats and you can see the attraction due to its accountability which is difficult to achieve from more traditional media. But a multi-media approach is still important that’s why I pride myself on being media neutral. The right plan for a client is dictated by many factors budget/objectives the list is endless.

I’ve said many times that media consumption is so much more fragmented now than it was in the halcyon days (for media planners) of the 80s I talk about it in more detail here. The plethora of outlets available now not to mention ad avoidance on subscription channels such as Netflix has made a marketeers job much trickier. But when it’s done well, it can be amazing.

I’m really enjoying Just Eat’s campaign at the moment with Snoop Dogg; an excellent execution which works well across different media. I’d love to know how much it cost to get Snoop to be involved (I may need to Google that later).

Paradoxically, I was saddened to hear the news that Bauer has made the decision to close down nearly 50 of their local radio stations and rebrand them to Greatest Hits Radio. I still feel there is a place for truly local radio in our ever changing media climate. Capital Manchester’s drive time show is testament to that with a significant increase in listeners according to the latest RAJAR. During the coronavirus outbreak I think radio has more than proven its worth. Keeping our spirits up during a particularly difficult time and providing an instant source of information.

With all that has happened in the world of late we’ve had an opportunity to self-reflect. There are many negatives and I think its going to be sometime before we get back to ‘normal’ both economically and emotionally. But I feel this is a great opportunity for us to reset, change our priorities and follow our dreams. I am genuinely passionate about what I do and helping businesses realise their true potential. We’re not out the woods yet but drop me an email if you want to chat I’d love to hear from you kiesha@iconmarketingcommunications.co.uk