Tag Archive for: digital marketing

What’s Trending In Marketing For August 2023

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Hello and welcome to our August 2023 edition of “What’s Trending,” where we bring you the most relevant marketing news and insights. This month, we dive into the revival of an infamous fast food mascot and explore current trends to watch out for in the summer of 2023. Stay informed and ahead of the game with our curated collection of marketing updates and reports.

Noteworthy Marketing News

 

Quiznos eyes comeback as they bring back Spongmonkeys mascots. 

In a new ad campaign from the famed sub sandwich company plans to bring back the creepy corporate mascots, the Spongmonkeys. After years of decline and a 2014 bankruptcy, Quiznos is making a comeback by franchising new locations. The quirky rodent-like characters aim to revive the brand’s popularity. With just over 150 locations left, Quiznos is determined to regain its place in the restaurant industry and attract customers with the nostalgic return of the Spongmonkeys. Read more here. 

Twitter loses almost half of advertising revenue since Elon Musk takeover.

Since Elon Musk’s $44bn acquisition of Twitter in October, the platform has faced a substantial 50% drop in advertising revenue. The company’s anticipated sales growth in June did not materialize, though July showed some promise. Musk’s cost-cutting measures, including laying off about half of Twitter’s staff, aim to address the platform’s struggles. Meanwhile, rival app Threads has gained traction with an estimated 150 million users, while Twitter grapples with heavy debt and negative cash flow. Despite challenges, Musk aims to turn the platform around. Linda Yaccarino, the new CEO, emphasizes video, creator, and commerce partnerships to boost ad sales. However, the road to recovery may be prolonged due to pre-Musk revenue declines and competition. Read more here.

Netflix scraps low-tier ad free plan.

Netflix’s ad-free $9.99/month basic plan is being discontinued in the US and UK, impacting both new and returning members. However, existing users have the option to keep their current plan until they decide to cancel. Alongside this move, Netflix is introducing a new $7/month plan with commercials. This decision is part of the company’s strategy to diversify its revenue streams and remain competitive in the rapidly evolving streaming market. Notably, Netflix’s recent emphasis on its ad-supported tier has yielded positive results, attracting nearly 5 million monthly users and creating an enticing opportunity for advertisers. Read more here.

Improving Your Marketing Program 

 

Core Difference Between Buyer Journey vs. Customer Journey.

Discover the core difference between the buyer journey and the customer journey in this insightful article. Uncover the stages consumers go through before making a purchase decision and how businesses can nurture relationships post-purchase to build brand loyalty and create brand ambassadors. Learn valuable strategies to engage customers and ensure the long-term success of your business. Don’t miss out on these essential insights! Click here to read the full article.

The Importance Of Lead Generation Content Marketing.

Learn the power of lead generation content marketing in boosting your business growth and attracting potential customers. Discover how to create compelling content that converts prospects into loyal leads, standing out from tough competition. Quality content with specific purposes and formats, along with consistent publication, helps build trust and credibility with your audience. Don’t miss this opportunity to transform your company’s online presence. For a consultation, visit the link below and take the first step towards a successful content marketing strategy. Click here to read more.

8 Reasons to Invest in OTT Marketing.

Discover the top 8 reasons to invest in OTT marketing. With close to 200 million streaming viewers expected in the next few years, OTT advertising reaches a massive audience. Target your audience more effectively using GPS and behavioral data. Unlike traditional TV ads, people engaged in streaming content are more likely to watch entire ads. Personalized OTT ads improve engagement and yield better data on viewers. Flexible campaigns allow real-time adjustments for improved results, and A/B testing helps fine-tune your strategy. Paying for ad views, OTT ads offer a cost-effective and high ROI approach to complement your inbound marketing efforts. Read more here. 

Recent Marketing Reports, Updates, and Trends

 

As we enter the peak of summer ’23, the advertising realm is abuzz with thrilling trends. Artificial intelligence continues to transform content creation with innovative and easy to use tools such as, chatGPT and Jasper.  Among Gen Z, Instagram Reels reigns supreme as the favored social medium, offering brands an avenue to showcase authenticity and engage viewers. Short-form videos dominate summer marketing campaigns, while Influencers maintain their impactful role in fostering genuine connections. These are just a few of the key trends shaping the industry this season. To discover more about these trends and beyond, explore the full article here.

How does ‘Estimated read time’ in your meta description impact SEO?

In a recent poll by Search Pilot, the impact of adding “estimated read time” to meta descriptions was examined. While many believed it wouldn’t affect organic traffic, some thought it could be positive. However, the majority’s prediction was correct, as the display of estimated read time had no noticeable impact on site traffic. This finding highlights the importance of SEO testing and being cautious when following competitors’ actions. The article showcases the significance of user polls in understanding marketing trends. Read more here. 

Hootsuite’s Social Media Trends 2023.

The 2023 social media marketing landscape presents challenges due to economic uncertainties. Despite this, social media marketers enjoy increased budget and autonomy, as the profession matures. Successful marketers will carefully assess opportunities and consider long-term impacts in their strategies. The 2023 social media trends report offers valuable insights to navigate this defining year in the industry. Embrace these trends to optimize marketing strategies amid the evolving social media landscape. Read more here. 

 

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How to Create a Senior Living Marketing Plan

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You must invest in a robust senior living marketing plan if you want your senior living facility to stand out from the competition. Statistics show that approximately 2% of seniors live in assisted living facilities in the United States, translating to about 810,000 people.

This population lives in nearly 30,000 assisted living facilities. Competition is stiff among service providers as the demand for assisted living facilities and services continues to grow.

A well-defined marketing plan can be the answer you need to beat the competition. It should clearly define your objectives and explain them in a way that boosts your return on investment. This post guides you on developing a senior living marketing plan that works.

The Importance of Marketing for Senior Living

Retirement communities and senior living facilities are among the expensive and lifelong financial decisions people research extensively before making a decision. With the advent of the internet and other technological solutions, 40% of seniors can now use the internet to research their options.

Therefore, consider having a digital marketing plan that makes it easy for seniors and their loved ones to find your senior living community. The following tips can increase interest in your senior living facility and boost occupancy levels.

1. Define Your Business Goals

When marketing your senior living facility, your marketing plan must have specific, strategic, and measurable goals. Create a list of what you want to achieve through your marketing strategy, for example:

  • Increase brand awareness
  • Increase sales
  • Improve your facility’s online presence and drive more traffic
  • Build and nurture relationships with the current community
  • Attract and convert new prospects
  • Improve retention rates

Each of these objectives may require a different approach to marketing. While identifying the objectives, establish what’s missing, what you could do better, and where your facility falls short. Your marketing plan could help you work on these areas for more effectiveness.

2. Update Your Website

Ask yourself how easy it is for people to navigate your website and find the information they need. Even for individuals who are not tech-savvy, using your website should be seamless. It also should load quickly, given that most websites have an average bounce rate of 45% on mobile devices and 43% on desktops.

Your site’s bounce rate indicates the number of people who land on your site’s landing page and then leave immediately. If your site takes time to load, visitors are likely to leave as soon as they open the page, which is bad for your marketing efforts.

As the virtual door to your senior living facility, ensure your website meets the following qualities:

  • It has a friendly and simple design
  • Is visually appealing, with attractive brand colors and images showcasing your facility’s amenities
  • Quickly loads on different devices
  • Has freshly updated content, images, and information
  • Downloads quickly to enhance Google’s ranking metrics

If you don’t have a website already, consider creating one. You could hire a senior living marketing agency to do the work. Experts can get you a customized website that stands out from the crowd and sets you up for success.

3. Use Content That Resonates with Your Audience

Your audience craves content that educates, engages, and informs them about various aspects of your senior living facility. Your job is to ensure that you avail it to them in the form of the following:

  • Blogs with keyword-rich content
  • Premium content that entices readers to share their email addresses
  • Social media content
  • Automated email marketing

This list of content marketing strategies isn’t exhaustive. It would help to brainstorm with your marketing team about the other types of content you can incorporate into your senior living marketing plan.

4. Focus on the Potential Return on Investment, Not Just the Budget

Marketing a senior living facility is a financial concern because it costs money. It’s natural to worry about the marketing budget, especially when it’s insufficient. Sadly, cutting corners or scrimping can cost your marketing efforts in the long run. A marketing plan should be extensive enough to reach the following:

  • Seniors and families who have just started considering assisted living as a retirement option
  • Potential residents looking to sign up for your services
  • Seniors who are comparing different living facilities
  • Families of seniors already living in your facility

With such a large audience to reach, your marketing plan should entail various marketing approaches to satisfy the needs of the different groups. That translates to a budget of between $20,000 and $30,000 to initiate a marketing plan. You also must inject an additional 6-10% of your annual revenue for ongoing marketing.

When you consider all these expenses, it can be tempting to drop your senior living marketing plan. However, that should be the last thing on your mind. Instead, focus on the return on investment you can potentially gain from your marketing plan. Partnering with a reputable marketing agency can help make this a reality instead of a far-fetched dream.

5. Check What People Are Saying About Your Senior Living Facility Online

Negative online reviews can dramatically hurt your marketing efforts and damage your reputation. Ensure you have someone in your marketing team respond to the concerns people raise as soon as possible.

Doing so creates the impression that your community is willing to make things right when they go wrong. Your viewers and potential clients would rather see a good response to a bad review than no response at all.

Getting Started with Your Senior Living Marketing Plan

Your strategy for marketing the senior living facility is crucial to improve its occupancy. At first, everything can feel overwhelming, and you may not be sure what to do to achieve tangible results. Above are a few tips that could bring your senior living facility to the forefront and create brand awareness.

The list isn’t exhaustive, and there is much more you can achieve with the help of experts from a senior living marketing agency like Steven & Tates. With a multi-disciplinary marketing team on your side, it’ll be easier to think through a marketing plan that works.