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Wednesday, July 6, 2016

Marketing Myopia 2016

Our “measure everything” age has engendered a new form of marketing myopia, says Todd Ebert in Convince & Convert.

"While marketers once accepted as fact that they didn’t know which half of their ad budget was wasted, today they’ve done a 180 and believe that if it can’t be measured, it’s not worth doing," Ebert says.

Marketers' new myopia causes them to put all their money on one number, whether that's SEO, podcasts or white papers, and to walk away from proven, but less measurable, tactics like advertising, PR and exhibiting at trade shows.

A riskier bet you couldn't imagine.

Betting only on search, for example, ignores every buyer who hasn't started her product research; while betting only on podcasts or white papers ignores every buyer who thinks she's finished it.

In fact, betting it all on one number—no matter how measurable—undermines the marketer's tactic of choice, Ebert says.

"If you don’t do anything to drive brand familiarity and interest at the beginning of the journey, then it won’t matter how well you optimize at the end because you won’t be invited into the buyer’s consideration set."

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