We will likely see an increase in competition seen on Google Search, Shopping, and many traditionally bottom-of-funnel networks. Advertising Continue reading Banner Design below Brands with little or no digital marketing experience will invest due to the pandemic. And many will jump to invest their marketing budgets on these networks that can show quick returns. Investments that brands should make – for brand building – are overlooked because it is more difficult to attribute sales to upper funnel advertising activities (e.g. display advertising, digital video and audio). But the truth is, long-term sales growth comes from a combination of sales enablement and brand awareness activity. While brand building can often prove more problematic in terms of attribution, identifying Banner Design relevant and profitable networks for our brands in 2021 is more important than ever. This maximizes exposure outside of search alone and creates brands that will be remembered throughout what is likely to be a very long sales cycle.
How to Plan a Sustainable B2B Media Strategy Banner Design During a Recession We know from experience that brands that use brand awareness during recessions have increased their share of voice. Advertising Continue reading below In turn, they Banner Design have remained at the forefront of consumer concerns. In the current climate, brands will have the ability to increase their share of voice at a cheaper rate than normal, as many brands have reduced their advertising spend. This is an opportunity for avant-garde brands wishing to invest for the long term. Indeed, research shows that brands capable of increasing their share of voice tend to increase their market share. While the big brands with low SOV tended to shrink! How to Plan a Sustainable B2B Media Banner Design Strategy During a Recession Companies that invest in a combination of sales enablement and brand-building advertising are more likely to be called back when everyone starts advertising again.
Advertising Continue reading below Appealing to the nervous buyer In the current climate, B2B brands need to appeal to the nervous buyer outside of Banner Design media investments. A recession often means more risk averse buyers. It leads decision-makers to tend to opt for “safe” solutions. Addressing this means including customer reviews, case studies, awards, and testimonials at the center of your website and ad copy. How to Plan a Sustainable B2B Media Strategy During a Recession Will you be remembered when the economy recovers? Recessions are often long and buyers are a forgetful bunch. Advertising Continue reading below Brands that are constantly present become priorities when the economy recovers. They will be in a better position to Banner Design increase their market share than the brands that have chosen to freeze for the next few months. Brands that remain memorable throughout the recession will have a distinct market advantage over those that reduce brand awareness