When AI came about many marketers didn’t believe that AI could take their jobs. In fact, many didn’t even try it because they were adamant they knew best. The number of applicants for marketing jobs with Marketing Eye that have never used AI other than on their phones is larger than you would expect. Worse still, is the number of marketing interns who have only used it on assignments without testing it for the real world?
The reasons behind holding back on using AI is often as simple as realizing that there’s fear around AI and its impact on careers. If you have studied for 4 years or more, it’s disheartening to find out that AI can do so much of what you have learned. Many marketing graduates ask themselves “what can I do in a marketing career” and they know that by turning up to job interviews without being able to answer this question instantly disqualifies them.
CMO’s and Marketing Managers on salaries of more than $100,000 are finding themselves in the redundancy pool because C-Suite executives believe that AI can develop marketing strategies and tell teams how to implement them. In fact, much of the implementation can be done by AI with more junior level employees needed for co-ordinating or using AI to execute.
Marketers with 2 or 3 years experience were asking for $80,000 to $100,000 salaries during COVID knowing there were a shortage of applicants. Now, with retrenchments coming left, right and center, these same candidates are asking for $55,000 to $70,000. That’s a huge dip.
As we explore essential components of marketing like marketing strategies, plans and the integration of AI, providing a roadmap for companies looking to scale without being hindered by outdated methodologies, it’s worth noting that AI can only take you so far, companies need to brace themselves for that realization.
The Foundation of Scalable Growth: Effective Marketing Strategies
Understanding the Essence of a Marketing Strategy
At its core, a marketing strategy is the broad concept that outlines the ways in which a business will reach its prospective consumers and convert them into customers. The goal is not merely visibility but effective engagement, achieved through a well-coordinated plan that considers the various facets of the market and consumer behavior. The statistics are clear: with over 40,500 monthly searches for “marketing strategy,” it is evident that businesses are recognizing the importance of having a robust framework to guide their marketing efforts.
Transitioning to a Marketing Plan
While a strategy provides a high-level view, a marketing plan details the specific actions needed to implement the strategy. This plan includes the identification of target markets, the development of marketing mixes, and the scheduling of actionable tasks. Typically, the search for a “marketing plan” yields around 18,100 monthly inquiries, indicating significant interest in strategic execution. A marketing plan isn’t just a document—it’s a roadmap that can adapt to changes in the market or the company’s objectives.
Harnessing Specialized Expertise Through a Marketing Company
The Role of a Marketing Company
Engaging with a marketing company can bring in the expertise required to elevate your existing strategies and plans. With approximately 14,800 searches per month for “marketing company,” businesses are clearly looking for partners who can offer more than just standard marketing services—they need partners who can integrate seamlessly with their culture and accelerate their growth trajectory. These companies offer specialized knowledge in areas like brand strategy and digital marketing, essential for scaling in competitive environments.
Developing a Robust Brand Strategy
Your brand strategy is the backbone of your marketing efforts, dictating how your brand is perceived in the marketplace. It’s about creating a unique identity that resonates with your target audience, reflected in about 9,900 monthly searches for “brand strategy.” An effective brand strategy not only defines your positioning but also sets the direction for all communication and branding initiatives. It’s about carving out a niche in your market segment and consistently aligning all marketing outputs with this identity.
Advancing with Technology: AI and Automation in Marketing
Incorporating AI in Marketing
As technology evolves, so does the landscape of marketing. AI in marketing, which garners around 5,400 monthly searches, is transforming traditional practices. From predictive analytics to personalized marketing, AI enables businesses to analyze vast amounts of data, predict consumer behavior, and implement highly effective, targeted campaigns. This not only increases efficiency but also enhances the customer experience by delivering what they want, when they want it.
