Tuesday, February 16, 2016

Personalization and Flexibility Will Define Agencies in the Future

Kevin Miller provided today's post. He is president and chief strategist of Frost Miller, a Bethesda, MD-based integrated marketing firm that provides a complete range of marcom services.

Five years from now our agency will pretty much look the same as today—smart folks sitting around eating donuts and creating results-driven marketing campaigns.

Broadly speaking, there are three overarching trends that will help shape how our agency works:
    1. Strategy, planning and execution are becoming intertwined
    2. Digital marketing is getting more personal
    3. The more things change, the more they stay the same
    It used to be that the only way to achieve a client’s marketing goals was to develop a strategy, put a plan together, and then execute that plan. That’s all changing. 

    With real-time measurement of digital campaigns, tactics—and even strategiescan be changed immediately. Underperforming campaigns get replaced with ones that generate better results. But in order to improve performance, the people producing these campaigns will have to be strategic thinkers who can make changes on the fly.

    An unfathomable amount of personal data about customers is allowing marketers to target very specific audiences. Targeting once achievable only through direct mail lists or Nielsen ratings—which only tracked the broadest audience characteristics—is now done through technologies that allow you to know exactly who, and where, your prospects are. Mobile, Facebook and Google lead the way, but this trend will reshape how we market in years ahead.

    Telecommuting, virtual workspaces, and other trends that affect most types of businesses won’t have such a big impact on agencies. That’s because what makes a good agency great is collaboration
    especially in an integrated marketing agency like ours. Sharing ideas among people with diverse individual skills leads to the development of fully integrated, and more successful, campaigns.

    Series continues.
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