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The original article can be retrieved from our co-founder, Stella Wong, Linkedin profile: https://bit.ly/4b5DjDa
In 2024, the marketing landscape continues to evolve, presenting new opportunities and challenges. I came across this insightful content by Meltwater, which listed the evolving marketing trends that are taking flight in 2024.
Image Source: Unsplash
Let me share a glimpse into these trends that are setting the stage for the future of marketing.
Social Commerce: Leveraging the rise of mobile technology, brands engage consumers on social media platforms like Facebook, Instagram, and Pinterest. This approach allows direct product showcasing to the target audience, particularly thriving in Asian markets.
Branded Podcasts: With increasing internet users tuning into podcasts, brands are seizing this medium for advertising and engagement. Tools from platforms like Apple Podcasts and Spotify are making it easier to measure ROI in podcast advertising.
Influencer Marketing: Evolving from its early days, influencer marketing is now a significant industry, surpassing traditional advertising in investment. Brands plan to increase their budgets for influencer marketing, recognising its expansive impact across various industries.
Brand Communities: Brands are cultivating communities centred on shared interests, creating spaces where loyal customers can interact and engage directly with the brand and each other.
Microblogging: Microblogging platforms are gaining traction, offering brands a way to engage with audiences through short, impactful messages and content.
AI in Marketing: Artificial Intelligence is being increasingly used in marketing for personalised customer experiences, predictive analytics, and optimising marketing strategies.
Social Platform Subscriptions: Subscription models within social platforms are emerging, offering exclusive content and unique experiences for a fee.
The Creator Economy: The rise of individual content creators is reshaping marketing, with brands leveraging these influencers for more authentic and effective outreach.
Visual Search Technology: Visual search is becoming a significant tool in marketing, allowing customers to find products and information using image recognition technologies.
Customer-First Approach: Businesses increasingly prioritise customer needs and experiences in marketing strategies, focusing on personalisation and customer satisfaction.
AI's Evolution and Governance: The evolution of AI in marketing has brought opportunities and challenges in governance, ethics, and regulation.
These trends highlight a shift towards more personalised, value-driven, and technologically integrated marketing strategies. For businesses, the key takeaway is to adapt and innovate, ensuring that marketing efforts resonate with consumers' evolving preferences and the digital landscape. Embrace these trends to stay ahead in 2024 and beyond.
Wishing everyone a fantastic year ahead!
Brand & Marketing Strategist