Time for automatıon ın marketıng

Tıme for automatıon ın marketıng

Each period brings forth its own concepts. We come across these concepts so often over a period of time that after a while we are unable to distinguish whether the interest in the concept is simply a fad or whether the concept actually has a visibility commensurate with its importance.

Words such as sustainability, automation, integration are just a few such descriptive terms. The concepts that create the spirit of the times are of course not limited to these. However, in this article, we will focus on “automation”. More precisely, we will focus on “marketing automation”.

Technological advancements and developments in artificial intelligence and algorithms have led to the development of automation tools like many other tools. More than 80 percent of Google advertisers use automated bidding, saving time while optimizing performance.

But these tools don’t seem to be equally reliable for everyone. At least for the remaining 20 percent.

But is automation really reliable and able to respond just as quickly to immediate changes?

To understand the primary importance of automation, it is necessary to consider the evolving “ways of accessing data”. The quantity and quality of data available today, especially through digital tools, is so large that trying to analyze it manually is both time-consuming and problematic in terms of reaching the right conclusion. Automation is an indispensable aid that makes things easier when it comes to processing complex data from different sources. However, the word “help” should be emphasized here. Getting support from automation does not mean ignoring the human dimension. Automation tools offer marketers a great advantage in keeping their campaigns under control, managing them, reacting quickly to current developments, improving them and evaluating the paths that will lead to the target.

On the other hand, many marketers find automation lacking in responding to unique circumstances and meeting the customized needs of the campaign. In other words, marketers may see automation as a uniform performance management tool. In fact, this is a serious misconception. Once you’ve created your campaign, it’s important to take a proactive approach. It is up to the marketer to identify the data sets and feedbacks you need to consider in line with your goals, and to weed out the details that work and don’t work within the framework of the campaign. In other words, leaving everything to automation is an approach that reduces efficiency; for success, it is necessary to go beyond this and develop human-automation cooperation.

Another misconception about automation is that such systems cannot respond to rapid changes. However, this is not the case. The algorithms that form the basis of automation adapt to change at great speed with technologies such as machine learning and artificial intelligence. In fact, this impact-response issue works in such real time that it surpasses manual methods.

As automation becomes more and more important for marketers in campaign management, it is hard to resist this change. But it’s important to remember that this tool is human. While automation helps marketers manage complex data from many different sources and make strategic decisions, the “management” and “decision-making” work still falls to the human.

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On 2023 trends

On 2023 trends

Just like every year, hundreds of thousands of articles have been written on the trends of the new year. Whatever your area of interest is, it is very easy to find 2023 trend predictions related to it. A small search on the internet will take you to more content than you ever wanted.

One of the brands publishing articles on 2023 trends is Google, which speaks to us from the Olympus of the digital world. Google included the 2023 predictions of its key executives in the article it shared via Think with Google.

We would like to share with you some of the remarkable parts of Google’s article, which includes the opinions of senior executives from the Europe, Middle East and Africa region. You can access the full article here: 2023 digital marketing trends and predictions.

A new look at media planning Let’s first look at the views of Nishma Robb, Head of Marketing, Brand and Reputation at Google U.K. When talking about the 2023 trends in media planning, Robb makes a striking point. Emphasizing that the inclusive representation approach in advertising should be extended to media planning, Robb states that it is important for people to have this experience in familiar environments, rather than seeing and hearing people who look like them.

Robb’s media planning recommendations for 2023 are very clear and straightforward: First of all, it is necessary to review traditional media plans. You should analyze whether the channels you use are within the scope of your target audience in the light of data, and it would be good to put aside prejudices about keywords and conduct a data-based review. In terms of inclusivity, supportive approaches to underrepresented communities will also help you stand out.

Privacy is the key to credibility When it comes to data collection and data analysis, the most critical issue is security and reliability. Access to data, which is an important resource for both acquiring new customers and ensuring the loyalty of existing customers, is a problematic area for many potential customers. Until recently, most people were either extremely uneasy about sharing their personal data or refused to share it altogether. However, recent approaches such as transparency policies developed by brands have broken this resistance. Nowadays, audiences can share their data more easily in exchange for some promotions that they can benefit from.

However, Matt Brittin, Google’s President for Europe, Middle East and Africa, draws attention to a different issue of great importance: Privacy and, by extension, trustworthiness. Brands that make their target audience feel the importance they attach to privacy manage to get one step ahead. Brittin gives the example of a survey they recently conducted with 7 thousand people living in Europe: “This survey shows that ads from brands that respect privacy perform better.

Positive experiences with privacy increase consumer trust in the brand. This factor is so strong that some negative privacy experiences can lead customers to choose a competitor. In short, even if you come up with great ads, if you are lacking in trustworthiness, your hand is not very strong. The key is to develop tools that empower your customers’ control over their privacy settings and make them feel it at all times…

Not without Generation Z. 

If you are talking about trends in any subject, it will always come back to Generation Z. In the digital world, the determinant of 2023 will be Generation Z, just like in 2022. Generation Z is a native of these places; they were born here, they grow up here and they shape their perceptions according to the character of this medium. In this sense, they are shaping on the one hand and taking shape on the other. Julia Hoffmann, Creative Lab Manager for Google Europe, Middle East and Africa, has very important clues for 2023:

“In 2023, instead of inviting Gen Z audiences into your world, meet them in theirs. Understand their unmet needs, prioritize relevance and authenticity over expectations of uniformity, and embrace the diverse visual worlds they inhabit.” – Julia Hoffmann

Again, short videos will be among the most followed content in 2023, as they always have been. However, it should not be forgotten that individuals are now connected to multiple screens at different moments of their lives or at the same time. This necessitates the production of different versions of content with formats suitable for different screen characters. These versions are created by manipulating many different variables, from format to duration.

In Google’s interesting article, the point is made by Mailine Swildens, Head of Creative for Europe, Middle East and Africa at Google. Swildens emphasizes the following trend that will perhaps become increasingly important not only in 2023, but beyond:

“When tailoring ads to a specific purpose, avoid ‘overemphasizing the purpose’. The promise of the cause should be authentic and long term, backed up by actions that go beyond promises.” – Mailine Swildens

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A creatıve look at creatıvıty

A creatıve look at creatıvıty

In the world of marketing, as in many other areas of life, new areas of action, interdisciplinary areas that intersect with each other, and important concepts such as data collection and data analysis are emerging in parallel with rapidly developing technology. There are so many innovations that it is impossible to list them all here. One of the characteristic features of this change – perhaps the most important one – is that marketing-specific tools and technologies are becoming more widespread and accessible, just like in other fields. As a result of this accessibility, many issues that were traditionally the domain of “professionals” can now also be dominated by “amateurs”.

In recent years, we have clearly seen the first examples of this in the field of “citizen journalism”. Non-professionals in many different parts of the world have come a long way in creating a widespread, useful, democratic and anonymous news network with content such as social events, current developments and street interviews.

The biggest reason for this was the widespread availability of technology, especially the technologies that shape the digital world. It is now enough to have a cell phone, an internet connection and a suitable digital medium to publish any news.

Yes, let’s talk about marketing…

Phenomena and influencers In the field of advertising and marketing, it is possible to talk about a serious proliferation, especially in terms of creative content. Nowadays, non-professional content producers are making a name for themselves as much as “creative professionals”. Social media influencers and influencers are increasingly playing important roles in creative marketing processes. Moreover, brands sometimes give them free rein in terms of creative content and rely on their “intuitive creativity”.

Of course, the success of such methods is not certain. However, considering the high interaction criteria and the measurability advantage of digital tools, it can be said that a great return is achieved.

“On the other hand, algorithms, artificial intelligence and automation tools have made it easier to access data. At this point, we have entered an era where “data” is now “data.” This means the following: All human activities, including creativity, are based on detailed data analysis, and our insights have become more analytical. Intuition is still very important for creativity, but only if it is based on data.

So the framework, if not the meaning, of the concept of creativity is changing. And it’s not just about creativity; every aspect of human activity is being “engineered”. This is precisely why “data” is “data”, or a prerequisite.

Let’s go back to creativity…

Creativity is the way to differentiation All this is not to say that creativity has lost its importance. On the contrary, creativity and creative works are still the most effective method of “differentiation”, which has become one of the most important marketing goals. According to Think with Google’s article titled “Now is the time to embrace creativity”, “payments to creatives for creative advertising work will increase by 50 percent in 2021 compared to 2018. * In short, the market has realized the importance of creativity.

But what kind of creativity?

This question brings with it an answer that is constantly changing.

A creativity that uses new technologies, creates a data source with these technologies, analyzes and interprets the data with the same technologies, shapes it with intuition, expands the creative process to include the choice of materials and media, takes into account the formal and contextual variations specific to different media, processes the details down to the finest detail, but formulates all these with a holistic approach.

It seems challenging. But then again, no one has ever said it was easy.

The main issue is to deliver the right message, in the right medium, in the right way, to the right target audience, in the most striking way. These factors lie at the heart of differentiation. However, it is no longer satisfactory to achieve only a few of them; you are expected to fulfill all requirements at the same time. This is essential for your interaction in every possible field. 

https://www.thinkwithgoogle.com/future-of-marketing/creativity/open-creative-project/ 

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The best type of keyword matchıng: Specıalızatıon!

The best type of keyword matchıng: Specıalızatıon!

If your playground is the digital world and you want to reach more people, be known by more people, increase your site visitors or sales, “keyword” will probably be one of the first few terms that come to your mind.

This is natural, because in all marketing activities involving both SEM (Search Engine Marketing) and SEO (Search Engine Optimization), “this phrase” is the key to reaching the right audience with the right content.

The difficulty of finding the right keywords However, it is an extremely challenging process to determine which keywords millions of consumers from completely different socio-economic classes, each with their own unique characteristics, choose in a search for your product and to manually update the keywords you use. This is both time-consuming and costly.

Today, how data is processed and with which methods and technologies is as important as the data itself. Data shaped by concepts and technologies such as integration, automation, machine learning and artificial intelligence enable predictable, sustainable and goal-oriented processes.

A look at broad matching When it comes to “keywords”, there is a method that meets these conditions in a remarkable way: broad matching.

The most important feature of broad matching is that it ensures that your ad is shown on searches that match the meaning of your keyword.  This way, you can also appear in searches that do not include keyword terms.

For a clearer understanding of the issue, the example given by Google is very illustrative:

https://support.google.com/google-ads/answer/2407779?hl=tr

Broad matching also takes into account the following 3 elements:

– The user’s recent search activity

– The content of the landing page

– Other keywords in the ad group

The point is, specialization The broad matching method seems extremely advantageous. However, you should keep in mind that another type of matching can provide the most efficient response to your digital marketing and advertising needs. Your goals, your budget, your message… In short, your strategy will be decisive in your choice of match type. Making the right choice by taking all these variables into account requires serious work and expertise.

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Drıvıng mobıle users to the cart: Marketıng funnel and the rıght strategıes

Drıvıng mobıle users to the cart: Marketıng funnel and the rıght strategıes

Today, mobile devices, especially phones, have evolved far beyond their traditional functions. People are no longer limited to a single screen, but consider each screen both as an integral part of an overarching ecosystem and as alternatives for different uses.

Various applications are the platforms where socializing, following news, shopping, gaming and many other daily activities come to life. In Turkey, mobile device users spend approximately one-fifth of their day using apps. In Turkey, which ranks first in the world in this area, the average daily application usage time is 4.5 hours.

The data shows that mobile applications, especially digital marketplaces, are an important area for brands to communicate with customers on the one hand and to develop new solutions for this ever-evolving field on the other. Mobile apps are also among the channels where marketing converts into sales the fastest when used correctly.

As such, influencing and directing purchasing behaviors in e-commerce and digital marketplace applications becomes one of the issues that need to be focused on. However, there is an issue that should not be overlooked at this point: Each mobile app appeals to a unique audience and the “marketing funnel” in each channel may differ.

Increasing sales is possible with detailed analysis at this point.

It is very important to create an effective strategy for the “marketing funnel” to increase product sales. However, before addressing the importance of this topic, let’s briefly explain what a marketing funnel is. According to sources, the term “marketing funnel” or “funnel” is used to describe the customer journey towards the purchase of a good or service. This journey consists of the stages of the journey starting from the first relationship that the consumer establishes with the good or service until the moment when the purchasing behavior is realized.

The marketing funnel consists of awareness, arousing interest, evaluation and ultimately sales. Brands need to shape this process and create strategies that will lead consumers to purchase.

Details are the key to success When creating your marketing funnel strategy, you can start from general consumer behavior and apply this strategy across all channels. This will take you to a certain point, but it will not fully meet your expectations in terms of achieving the goals that will make a difference. Does this mean you should abandon the marketing funnel strategy? Of course not!

The key is to realize that each channel is preferred by different users and that this preference manifests itself in specific buying behaviors. In other words, you need to create different performance-oriented strategies for each app. In this way, it is possible to maximize your sales across all apps and therefore in total.

Build your strategy Once you have identified consumer behaviors and unique buying journeys in different apps, you need to create tailor-made strategies for each marketplace. We are talking about scenarios that will bring your product to the forefront during possible consumer movements by evaluating features such as menu options, categorization, user interfaces, adding to cart or payment steps…

While creating these scenarios, you can improve your sphere of influence by targeting the category appropriate for your product as well as supporting categories.

Value data With fast measurability and machine learning, two of the biggest advantages of digital marketing, you should definitely consider the sharpness of your marketing funnel strategy and possible revision needs. The critical point here is to accurately track consumer movements and to dynamically execute the process with the feedback that will ultimately be received.

Attract attention with creative work And one last piece of advice: No matter how technically successful your strategy may be, you need to support this approach with creative work. Moreover, even for the same product, customizing these works for each application, taking into account the target audience and channel, will help you achieve the desired result.

Digital channels, mobile devices and especially apps offer reliable and powerful options to increase your sales. As long as you come to the right conclusion with the right determinations, or get support from professionals in this regard.

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How to engage Gen Z on YouTube: Long vıdeos or short vıdeos?

How to engage Gen Z on YouTube: Long vıdeos or short vıdeos?

As video content is gaining more and more importance in digital marketing, there is a phrase we often hear: “No one watches long videos! We need to produce short content.”

Yes, technology is evolving, perceived time is accelerating, videos on social media can be skipped with the flick of a finger… Time is really limited and in this short time, the most concentrated content attracts the most attention.

But does this judgment “really” reflect reality? Or are we simply taking the easy way out, responding to our need to “categorize” with a simple generalization?

Recent research shows that these generalizations do not reflect the reality to a large extent.

Namely…

Think with Google recently published an article on this topic. The article suggests that we should put aside our preconceived notions about video content marketing.

The article, which includes research on the subject, draws attention to the fact that there is a contrary movement in the video viewing preferences of Generation Z. Yes, we are talking about the most “visual” generation, Generation Z, which perceives time as the “shortest”.

The You Tube Culture & Trends Report 2022, which includes the views of thousands of participants from Generation Z, reveals that the situation is not at all what it seems. According to the report, Gen Zers do not avoid long videos on topics of particular interest to them, but instead look for videos that provide detailed information on their favorite topics, even lasting for hours.

Interaction between followers = Interaction with the brand Generation Z, to a large extent, establishes a relationship with the brand, product, sports club, famous person, etc. that they identify with, which is dominated by “fan culture”. According to the Report, 61% of this generation consider themselves “super fans” of someone or something. as the “most important thing in the world”.

So what does this mean?

When it comes to getting information on a topic they are a fan of, Generation Z is more interested in the depth and fulfillment of the information conveyed than the length of the video. In addition, the new generation also follows the messages under such videos that include the opinions of fans like them, and they themselves like to express their opinions through comments.

Brands also attract this audience with satisfying video content targeting fan culture and manage to increase their own interaction by evaluating the interaction between followers.

Another type of long-form video content that attracts attention is video articles. Think with Google’s data on video article searches shows that interest in this type of content has been steadily increasing since 2019. Moreover, the length of video articles searched by Generation Z varies between 25 minutes and 1 hour.

It seems that it’s really time to put aside the prejudice that “long videos are unwatchable”.

Not only do brands have the opportunity to tell their stories more clearly and convey the message they want to convey in all aspects through the long video content they produce, but such long video content also enables them to gain more loyal followers.

From short to long… At this point, we would like to share another interesting data with you. It shows that long and short videos are complementary rather than antagonistic. One of the findings in the You Tube Culture & Trends Report 2022 is proof of this. 59% of Gen Zers say they seek out and watch longer versions of short-form videos they discover on various apps.

So it’s not a case of “short video vs. long video”. The issue is more about producing content that conveys satisfying information that will attract the attention of the target audience without getting hung up on length, and being visible on different platforms with short versions of this content.

Generation Z will follow you after you produce the right content, don’t worry!

The digital world is constantly changing and brands need to keep up. Maybe it’s time to review our unfounded judgments and follow the change. Brands need to produce time-optimized content of different lengths for different channels without fear of time limits for their followers.

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From A to Z: TıkTok Marketıng

From A to Z: TıkTok Marketıng

There are 4.62 billion social media users worldwide, accounting for 58.4% of the total population. TikTok, one of the most popular platforms among these users, is used for nearly 20 hours per month. Ads on this channel have a potential reach of 884.9 million people, which grows by 7.3 percent, or 60 million people, from quarter to quarter. We believe you are already convinced of TikTok’s marketing power!

Well, is TikTok, which we know predominantly appeals to young audiences, with its trends and unusual video concepts that do not fall off the social media agenda, a channel for brands to have a presence as well? Is TikTok marketing a must?

What is TikTok marketing?

It means using TikTok to promote a brand, product, or service. It can take many forms, including TikTok advertising, organic viral content creation, and influencer marketing.

The goals are as follows: to raise brand awareness, advertise products and services to target audiences, create relevant communities, sell, solicit feedback from customers and followers, and provide customer service.

Is TikTok suitable for every brand?

The first thing to understand is that TikTok is an extremely ‘unique’ medium. As TikTok emphasizes, “This is a world where every voice meets an audience, where everyone is accepted and no one is judged.” People use TikTok because they can’t find their own voice in other channels, and others show themselves in their most natural form without worrying about being liked. In this case, TikTok becomes a platform for people to explore their own identity and culture while also having fun. There are no influencers who praise X brand shoes, and no users who act solely for the purpose of purchasing (and therefore, the purchasing power is not very high). There is no way to attract an audience with static posts…

In summary, if the target audience and TikTok user demographic don’t match, it may not be suitable for every brand. Well, you have decided that it is suitable for you and you intend to step into this world; then what strategy should you follow and what can you do?

Main marketing strategies used in TikTok

  • TikTok influencer marketing: You can highlight your product or service and mobilize users by collaborating with well-known people. But you don’t need an ultra-high-profile influencer to be successful here; instead, look for rising stars or those in your niche.
  • Creating your own TikToks: It is the option that gives you the most space and freedom. You can build your own organic content by creating a Business TikTok account for your brand. Anything from daily videos to challenges can be posted. Remember, the background music you use is just as important as the videos you post.
  • TikTok advertising: You can increase your visibility to your target audience for a certain fee. To do so, first create an account on the TikTok Ads page. The following advertising models are available on the platform: in-feed ads, topview ads, content creation partnerships, branded hashtag challenges, and brand filters. After creating an account, you can define your purpose, select your target audience, set your budget, and design your ad. Images, videos, carousels, and sparks (i.e., using existing organic videos to fit your campaign. Like an influencer promoting your product) are all possible advertising formats. 

Strategy to follow

When it comes to TikTok marketing, you should take a different approach than you would for Instagram or Facebook. TikTok, with its trends, features, and user behaviour, is a completely different social network. As a result, prioritize platform analysis; learn which filters, effects, or songs are popular. Be wary of branded hashtag battles.

Examine the TikTok algorithm as well. Knowing how it ranks and displays videos in the ‘For You’ tab can help you plan your content, hashtag, and engagement strategy.

Before you begin creating content, research the TikTok audience and identify people who may be interested in your brand. Investigate what types of content they prefer and how they interact.

TikTok is a platform dominated by content creators, so include well-known names and influencers in your campaign. Create content that is creative, entertaining, interesting, animated, and action-inducing; use effects; and set a hashtag challenge. Regularly share and comment.

Monitor what your competitors are doing on this platform, identify your own strengths and weaknesses and take appropriate action.

You are now prepared for this ever-changing platform!

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London N22 8HF United Kingdom

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How to Evaluate Your Marketıng Strategy: KPIs

How to Evaluate Your Marketıng Strategy: KPIs

Setting up a marketing strategy can necessitate extensive research, brainstorming, dozens of bad ideas, litres of coffee, and long hours. However, once the strategy is developed, the rest is a matter of implementation. Is the job finished? No, of course not. You must monitor the progress of the process and assess its success or failure. For that, you need KPIs. KPI, or ‘Key Performance Indicator’, will guide you.

What is a KPI?

The key performance indicator (KPI) is the metric that measures how well your marketing campaign is performing. It is used to assess how well you meet operational and strategic goals. KPIs have three primary characteristics:

  • It is quantitative and can be presented numerically.
  • It is practical and can be incorporated into existing processes.
  • It is actionable and can be implemented to achieve the desired change.

There is no single KPI; instead, there are dozens of different indicators. Such as sales revenue, lead volume, cost per lead, pay-per-click performance, website traffic, and conversion rate… The KPIs to prioritize depend on your goals or priorities. As a result, every strategy necessitates a subjective viewpoint. There is no general rule that says ” You need to keep track of this number of KPIs,” though five to ten is ideal. Because if all data is important, none of it actually matters.

Why KPI is important?

The right marketing KPIs can help you determine whether you’re meeting your sales and marketing objectives, as well as which campaigns and tactics are having the most impact. It indicates where you should focus your attention if you are not heading in the right direction.

Following the right marketing, KPIs allow you to make the necessary adjustments to strategy and budgets.

Most used KPIs for digital marketing

Let’s examine the essential KPIs under certain headings:

Return on Investment (ROI):  Everyone wants a positive return on their marketing investment. ROI compares how much you earn to how much you spend on a marketing campaign. In addition to financial ROI, there are also social network indicators such as the number of followers you have gained, the amount of interaction, and the number of newsletter subscribers. You can see your monthly and annual performance thanks to ROI; if there is no return on investment, you will not invest in an ineffective campaign. You can also monitor audience engagement and compare it to your sales.

Social media engagement: One of the main roles in marketing is social media. The key KPI here is interaction. This includes likes, shares, comments, messages, tags or mentions, follower growth, page visitors and traffic, leads, and conversions. These indicators can help you analyse the success of your social media posts and improve your strategies. You can evaluate how the interaction affects your business objectives.

Mobile traffic, leads, and conversion rates: How many people use mobile devices to visit your site, how much time do they spend there, which devices do they use, and how many of your followers tend to buy products? With queries like these, you can improve and update your content while also discovering prospective sales opportunities. Understanding how and what your mobile users perform on your website can help you improve the user experience and make it easier to optimize conversions. Essential metrics like traffic-to-lead ratio and lead-to-customer ratio can be considered in this context.

Organic traffic, most clicked pages, landing page conversion rates, SEO: Is your landing page converting visitors into leads? If it’s getting a lot of traffic but not converting, it means something on the page needs to be changed. How distinct is your online presence thanks to your SEO (Search Engine Optimization) strategy? Do people come to your website on their own by clicking on search engine results? If that’s the case, it means you have organic traffic that you don’t even pay for, and that’s why it’s so valuable. So, you want to make sure each page has a targeted keyword, that your pages are optimized, and that it directly answers the question your potential buyers are asking. You adjust your strategy as necessary. Well then, what are the top pages that bring visitors to your website? These pages are where the customer experience begins. You should make sure it is updated regularly and optimized for conversions.

It is entirely up to you to decide which KPIs to use based on your strategy, goals, and priorities!

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London N22 8HF United Kingdom

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4Cs of Marketıng: Consumers are Now at the Centre

4Cs of Marketıng: Consumers are Now at the Centre

No, there is no typo in the title.  With changing conditions and evolving market dynamics, the famous and traditional 4P model, known as the ‘marketing mix,’ has given way to the 4C formula. The need to establish stronger strategies as competition increased was also effective in this. So, what exactly does the 4Cs of marketing entail? What is the formula’s focus, and what does it seek? Why should it be part of your strategy? Let’s take it one at a time… 

From the 4PS to the 4CS of marketing

The traditional 4P model based its marketing strategy on four key components: Product, Price, Place, and Promotion. As you might expect, this model is product-focused. Approaches from the seller’s perspective, determines how the products will be presented to the consumer. As a result, while it is extremely beneficial to sales, it does not reflect the reality of every factor in marketing. Take the consumer-based perspective, for example.

The 4C model, on the other hand, reshapes the paradigm and centres the consumer. If we go over its philosophy and objectives: The 4C model emphasizes not only marketing and selling a product/service, but also communicating with the target audience at all stages of the process. In other words, it both meets consumer needs efficiently and creates value for them. It aims to please customers at every stage of the product/service experience. As a result, it is a much more appropriate model for today’s marketing ecosystem, where customer needs are prioritized and consumers wield significant decision-making power.

What are the 4Cs of Marketing?

Let’s take a look at the elements that comprise the 4Cs of marketing:

Customer: If we are talking about a customer-oriented marketing approach, we should start with the consumer’s needs and desires. You need to identify them through market research and create solutions for them. The value perceived by your customers determines the market position of your product or service.

Cost: While the 4P model focuses on price, the 4C model broadens the scope to include ‘cost.’ The price a customer pays/will pay for a product is only a portion of the total cost. Cost in 4C refers to any material that a customer may encounter with the product, such as time to arrive at your location, time required to learn a new product, ongoing maintenance costs, and so on. You must also consider what benefits the product provides to the customer and whether these benefits are sufficient to cover the overall costs.

Convenience: It is analogous to the ‘place’ in the 4P marketing strategy. However, ‘place’ only refers to the location where the product will be sold, while ‘convenience’ refers to the entire shopping experience from beginning to end. It aims to make it as simple as possible for people to evaluate and compare the solutions they need, as well as to purchase the products and services they want. Using convenience as a marketing component determines not only where the product will be placed or distributed. You can make your products appealing to the target audience.

Communication: It describes the brand’s communication strategy with individuals from A to Z. Here we abandon the one-way communication understanding of the concept of ‘promotion’ in the 4P model. Because digital media now allows for continuous, instant, and one-to-one interaction; additionally, consumers want an experience that goes beyond promotional activities. In the 4Cs of marketing, you must focus on providing value to potential customers rather than persuading them of the virtues of your product. You should shape yourself in response to their feedback (support, complaints, likes).

İLETİŞİME GEÇİN

Adres

TÜRKİYE
Nida Kule Güney Barboros Mah. Mor Sümbül Sk.
No:7/3F D:12 Ataşehir / İstanbul

UNITED KINGDOM
Suite 314, Ashley House, 235-239 High Road Wood Green /
London N22 8HF United Kingdom

Email

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newbusiness@bgapartners.com.tr
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hr@bgapartners.co.uk

telefon

+90 216 372 72 57

Copyright © 2024 BGA+ Partners

See the Potentıal: Nıche Marketıng

See the Potentıal: Nıche Marketıng

Vegan cosmetics, 10XL t-shirts, gourmet cat-dog foods, orthopedic products, mountaineering equipment, left-handed-only items… What do you think is the one thing they all have in common? They cater to a small but distinct and characteristic consumer group, namely ‘niche’ consumers. Niche marketing is the concept that defines the promotion, advertising, and communication activities in this field. Let’s look at this idea in more detail. 

Niche marketing refers to strategies that focus on meeting the wants and needs of a specific consumer group. It is aimed at a specific market segment. The fact that it caters to a specific and narrow audience does not imply that it is a small market. After all, rather than marketing a product or service to the general public, it only markets it to the masses who will benefit the most from it. Thanks to pinpoint accuracy, it effectively reaches the intended audience.

Companies in this field can easily become market leaders and attract other businesses to their lane. Furthermore, niche consumers typically have in-depth knowledge of the products and services they intend to purchase. They have a strong attachment to the brand. As a result, the niche marketing strategy, as well as the product, manufacturing, and service processes, must be constantly updated in line with the demands of the target audience.

How is niche marketing carried out?

The trick is that niche markets are not always ready or given; they must be created through clever marketing techniques and determining what the customer wants. It provides a solution that no other company provides. It fills a void that no one else has thought of, ignored, or perhaps never noticed with its product or service.

To do this, the following elements are needed: 

  • You need to know who your ideal customer is and what their preferences are. You should thoroughly research your target market.
  • You must develop one-of-a-kind products and services. What distinguishes you from others? How will you meet a need that is not met by another brand? 
  • You must be specialized in the field you have chosen.
  • You must select the most appropriate marketing platform.
  • Being one-of-a-kind doesn’t always guarantee success. You should always analyze the market and improve yourself and your business prospects.

What are the advantages?

When it comes to niche marketing, one of the first benefits is the lack of or very little competition in the said segment. Because it is the market leader, the brand benefits from a price monopoly. This also entails a high-profit margin. Customers who can only find that service or product under the X brand are willing to pay a little more. It establishes a strong relationship with customers and makes it easier to maintain customer loyalty since it appeals to a specific and special audience.

However, there are drawbacks, such as the narrowness of the demand and the fact that even a single new brand entering the market becomes a partner in this demand, making competition much more difficult. There is also the risk of abrupt changes and a loss of growth opportunities.

İLETİŞİME GEÇİN

Adres

TÜRKİYE
Nida Kule Güney Barboros Mah. Mor Sümbül Sk.
No:7/3F D:12 Ataşehir / İstanbul

UNITED KINGDOM
Suite 314, Ashley House, 235-239 High Road Wood Green /
London N22 8HF United Kingdom

Email

info@bgapartners.com.tr
newbusiness@bgapartners.com.tr
ik@bgapartners.com.tr
hr@bgapartners.co.uk

telefon

+90 216 372 72 57

Copyright © 2024 BGA+ Partners