When clubbed with tech, it's important to stress the value of human intelligence, at a time when everyone is wondering if it will replace them at their job. Martech is one of those areas. Technology is used to improve marketing campaigns.
Martech gathers relevant data and market insights to ensure data driven activities. This can lead to marketers blindly following data output and losing creativity in the sea of data that is starting to be governed by click-through rates and final conversions
Everyone needs to understand that Martech is not a substitute for marketers. It helps make the process more efficient, but can't tell you what to do with it.
It gives you the information, but not the content. There is a marketer's experience here. When it comes to thinking of innovative ideas for brand building, creativity and imagination are the most important factors.
It is possible to use martech without being influenced by data.
- Make it complementary: Creating a brand campaign in order to reach out to relevant target groups is always just the first step. What differentiates a campaign from a successful one is the insights showcasing reach and understanding how it performed on the ground. This is where the martech becomes important. It helps brands and marketers with important information to understand what worked and what can be done differently. In today’s day and age, especially in a diverse country like ours, it is imperative to have an in-depth understanding of how TG consumes content. This helps in delivering one’s messaging right, to make it more effective and heard.
- Organic growth vs. paid marketing growth: Performance marketing is essential as it helps in chipping away the market share from the competitors, but real value creation happens when customers fall in love with a brand and come asking for it voluntarily. This is a true testimony to both the quality of product offerings as well as excellent brand awareness and recall. The revenues are always over-indexed for organic-led acquisitions vs. the paid ones which in turn results in better ROI in the long run.
Brand recall is dependent on performance marketing. It is an excellent way to target the right set of customers and convert them.
The objectives and Key Performance Indicators of paid and organic campaigns need to be re-stressed. There are some pillars that should be focused on.
- Brand Building: Building value and trust are paramount to the success of the brand, which can be achieved through insight-based marketing strategies and backing it up with enough media power on online and offline channels. It is important to define your long-term brand marketing vision and continue to invest in your brand both organically and through performance campaigns.
- Customer research: It is important to know and treat your customers as humans and not as statistics in a data set. It eventually serves to find out consumer insights, attitudinal shifts, behaviours and motivations through a well-conducted research process. However, how you use these insights is crucial - there is no one-size-fits-all approach here.
- Storytelling: While it is great to have witty one-liners as a part of your performance creatives, they are not enough to generate future market or business growth. Fresh ideas, insights and messages help customers fall in love with your story and brand, repeatedly.
- Decisions based on instincts: At the end of the day, a marketer must follow their instincts to make key decisions, as it all comes down to the exclusive relationship between the marketer and the customer, which provides a unique perspective into the habits and patterns of the consumer. These decisions, backed by an industry-led approach usually prove to be a perfect mix for a successful campaign.
Martech is used to figure out the right channels, the right journeys, customer segments and programmes. It's important that one uses it effectively to maximize the marketing efforts and the overall value of the brand. Ensuring that martech is aiding marketers in their quest for higher gains is very important, as the digital world is taking over the attention of our customers.
The head of digital works is the VP- marketing.
The views and opinions expressed in this article are those of the author and do not represent the views of Your Story.