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By Amy Balliett

Modern customers are evolving faster than ever expected, and marketers must evolve with them. Here’s how.

The verdict is in: A whopping 76 percent of marketers know that deep customer understanding is the key to unlocking sustained success, but only two in five are actually conducting market research to fuel this understanding. As a marketer myself, I understand this conflict.

Great marketers prioritize the end audience in all the content they produce. They target marketing campaigns to connect with customers across their various need states. They centre their content strategies on the channels where their customers can be found. They adjust the tone, visual styles, and messaging of content to ensure it resonates with diverse customer segments. But even many of the best marketers admit to relying on their gut instincts over hard data to inform these decisions.

It can be easy to rest on one’s laurels as a marketer, especially if you’ve celebrated a history of successful campaigns and steady growth. But, thanks to the pandemic and a wave of new innovations, the modern customer is evolving faster than ever expected. Nearly half of marketing professionals surveyed admit to fear in this new normal. They fear they won’t be able to keep up with this state of constant change. They fear their teams do not have the skills or tools necessary to be fully present for their customers. And they fear a future where new data collected on their customers one day will feel old and dated the next.

From these fears comes great opportunity. In a world where fewer than half of marketers compile relevant insights, it’s those who are willing to adapt who have the upper hand. Modern marketers must change the way they think about marketing entirely. They must become truly customer-centric by thinking like researchers and designers first, before letting this new mentality inform their forward-looking strategies.

Ultimately, if you are a marketer seeking long-term success, you must become an expert in CX. How you achieve this may vary, but here are some changes you can make today to revolutionize your marketing strategy tomorrow:

1. Invest in nimble learning systems to support proactive strategy adjustments

Collecting relevant insights about your customers can be an arduous task. For many brands, it’s a manual process requiring months of field research, one-on-one interviews with brand loyalists, and in-depth surveying to get a thorough understanding of one’s customer base. While this method is extremely valuable and one that can validate or challenge long-held assumptions, it can be hard to invest in this approach more than once every two to three years. And with the rate of change the modern customer is experiencing, data gathered more than a year ago might already be moot.

Marketers rely heavily on analytics tools to measure the digital actions of their customers. Through tools like Google Analytics, for example, we can determine onsite user behaviour and adjust the user experience to drive more conversions. We can identify the channels our customers find us on, the pages in which they lose interest, and the content that truly matters to them. This data is a gold mine for marketers eager to optimize and adjust campaigns. But onsite analytics doesn’t have to be our only tool.

Marketers looking to compete in this new world must think beyond onsite analytics and invest in customer and social analytics solutions as well. These powerful insights programs can deliver data at a regular cadence to support proactive strategy adjustments. They can be used in addition to more robust field studies or as standalone tools to keep your finger on the pulse of your customer in real time.

Most marketers, however, continue to ignore this opportunity. Only 44 percent of marketers today even conduct research to re-evaluate their predetermined target audiences, only 42 percent are taking action to better understand their existing customers, and only 40 percent are segmenting their audiences to better target their campaigns. To get ahead of your competitors, start investing in more nimble, real-time analytics systems that can take some of the guesswork out of your CX strategy.

2. Consider your whole marketplaceconsumers, competitors, and category

While you might feel that knowing your customer is all you need to become an expert in CX, its actually just one leg in a three-legged stool of sorts. Understanding your customers is essential, but you must also stay on top of changes in your category and moves among your competitors. By culling insights in these two arenas, you will have a far better understanding of your customer needs, motivations, and loyalties.

For example, finding out that your customers are choosing to purchase from a competitor might encourage a re-evaluation of your strategy. But understanding why your customers have chosen the competitor can prove even more valuable. A shift in your category may have impacted your customer’s ability to buy from you. Maybe a competitor changed its value proposition just slightly and that resonated better with your customer. Whatever the shift may be, simply knowing that you are losing out to the competition is not enough to provide deep insights into your customer’s motivations for choosing that brand over yours.

Prioritizing data collection that will fuel insights into your brand awareness in your category, your competitors’ movements in the marketplace, and how your customers perceive your overall industry can make a huge impact on your marketing strategy. But marketers continue to deprioritize this trifecta of understanding. Only 37 percent of marketers spent the previous year learning about their competitors, only 31 percent took the time to learn more about their category, and only 34 percent invest in competitive research. Join this small group of marketers by prioritizing research beyond your customer and you’ll have a great competitive edge.

3. Pursue data-driven execution to drive future success

The next time you plan a marketing campaign without up-to-date customer, competitor, and category data to support it, consider the adage “to assume is to make a fool out of you and me.” It’s wrong to assume that your customer hasn’t evolved over the years. From the pandemic to political unrest and so much more, we have all shifted our behaviours greatly.

Today’s customers have changed where they shop, how they shop, what they believe, how they want to interact with brands, how they hold brands accountable, and so much more. It’s clear that most marketers are not gathering the data necessary to adjust their strategies to meet the current moment. Marketers who become experts in CX, on the other hand, have a real opportunity to leap ahead of the competition.

Feature Image Credit: Getty Images

By Amy Balliett

Sourced from Inc.

Sourced from Inc

This form of testing can yield important insights.

With the amount of competition you face to get your email seen by your target market, you need to eliminate the noise by grabbing your audience’s attention. People are attracted to different options for different reasons. A/B split testing will tell you what your audience prefers, so you can create successful email campaigns.

A/B testing is when you compare and test two different versions of your email to see which brings in higher conversions and why. This allows you to create future campaigns that increase engagement and expand reach, because you’re giving your audience exactly what they want.

Consider testing your subject line, call-to-action copy, call-to-action button color, color scheme, and images. It’s important to test only one element of your email at a time; otherwise, it will be difficult to track why conversions went up or down, because there are multiple variables to consider.

Feature Image Credit: Getty Images

Sourced from Inc

By Udi Ledergor.

I spend a couple of hours each week helping less experienced chief marketing officers (CMOs). They usually seek my advice looking for quick wins, tips and hacks.

By now, I’m used to their sigh of disappointment when I share with them what I’ve found to be the four-part formula for marketing success. It includes no hacks, trickery or sorcery. Just four, time-tested elements I’ve found you absolutely must get right to build a successful marketing operation: strategy, execution, people and creativity.

Strategy

Here’s what it’s not: pulling together an odd mix of campaigns in hopes of them coming together. They won’t.

Strategy can be difficult to achieve but should always be simple to articulate. What’s “the big idea?” If you can’t easily explain it, you probably haven’t found it yet. I’ve found it useful to have a “big idea” for my overall strategy and for smaller components of it, like trade shows (why will people line up at our booth?) or content (what will make them download it?). There should be a simple way of describing what success will ultimately look like. Then reverse-engineer your tactics to get there.

Different is better than better. I explained one aspect of this in my recent article on the unwritten rules of business-to-business (B2B) branding and why you should break them. Now I propose being different in your overall strategy. Unless you want to be a “me too” company, you’re probably better off choosing a strategy others haven’t tried rather than attempting to be 10 times better than another player already using the same strategy.

Plan for galactic scale. You don’t need to understand all the details just yet, but you should be able to grasp the big picture of what your success will look like in one, two and three years. You’ll likely change a few things on the way — maybe even big things. But without a firm grasp of what future success looks like, you’re unlikely to put the right wheels in motion to get you there.

Execution

Open-water diving lessons often start with “Plan your dive; dive your plan.” The same truth holds for your marketing. Execution excellence starts with detailed planning and key performance indicators (KPIs).

How detailed should you be? Our events manager is measured on the number of event-driven opportunities we create and tickets sold to our annual event. Our weekly marketing team meetings start with reviewing every KPI we’re tracking this quarter. How well are we doing? How much have we advanced since last week? What bottlenecks do we need to solve for? We currently have 10 quarterly KPIs, each with an owner whose compensation is tied to this number. That’s how we create accountability.

I’m a big believer in the “fail quickly and learn from it” approach. Constant experimentation is the basis for fast empirical learning. We could argue until the cows come home on which subject line will perform better, but a simple A/B test gives us the answer and allows us to move on. Does someone have an ad creative idea? Great! What time can it go live? If it works, we scale it. If it doesn’t, we kill it. Rinse and repeat.

People

Hiring mistakes are painful to correct. We’re all human. So when things don’t work out for a new hire, we’ll give them another chance. And then a performance plan. And a final warning. By the time we’ve come to the conclusion things aren’t going to work out, we’ve wasted nearly 12 months we’ll never get back.

Don’t compromise. Hire the best people you can. You’ll need to reach out to the best candidates because they might not be actively job searching. This is hard work, but in my opinion, nothing else you do will yield higher returns. Candidates for junior positions are often surprised that I take the time to interview them. I respond that there’s no better use of my time. If we hire them and it works out, they’ll make our company millions. If we hire the wrong person, we could lose millions. Once you look at hiring through this lens, you’ll quickly realize the resources you need to invest in the process.

If your company is growing fast, hire overqualified people. Within a short time, you’ll promote them to fuel your growth. They’ll evolve from individual contributors to managers. It’s far easier to promote the people you have on your team than to parachute external managers.

Hire people better than you in at least one key skill the team needs to succeed. I struggled with this in the early stages of my career. I felt that I needed to be the best at every skill my team needed. I eventually realized how crippling that approach was and started hiring amazing people who were much better than me at their craft. That’s when things really took off.

To run an amazing marketing organization, you don’t have to be the best marketing operations person. You don’t have to be the world’s greatest writer. You only have to know how to hire, motivate and coordinate the efforts of amazing people who can do all those things.

Creativity

Don’t wait for your muse. Get systematic about your creativity. We hold regular creative brainstorming sessions on everything from our next event’s swag to our social media videos. Some of the best ideas have come from team members who don’t regularly get to flex their creativity muscles.

You never know where your next brilliant idea will come from. Get everyone involved. Make it fun. Follow up on the good ideas to motivate everyone to contribute more. There are no stupid ideas at these meetings and nothing gets knocked down. We list everything on the whiteboard, then prioritize by voting and taking into account production considerations. Some of our best work was created this way.

Marketing teams fail in many different ways, but the best ones I’ve seen or experienced firsthand always got these four elements right: strategy, execution, people and creativity.

By Udi Ledergor

CMO at Gong, the leading Conversation Intelligence Platform for Sales.

Sourced from Forbes