Bright Ideas

When was the last time you challenged your market knowledge?

The pace of marketing can be relentless. Jumping from one project to another can be challenging, with little time to look up and around at how the industry is evolving. The risk is you miss an opportunity to get ahead of the competition or jump on a new piece of tech without understanding the how or why.

It’s easy to stick to what you know, and it’s no doubt the fundamentals of marketing don’t change – create value for your customer and drive business growth. But as we enter another period of economic difficulty, in a rapidly changing business, it’s arguably more important than ever to look to new and emerging ways of working, technologies and practices.

The market has changed

You’ve likely heard the names. The recent influx of AI developments has impacted so many facets of marketing – for copywriting like ChatGPT; creative designers have DALL-E; audience targeting with AdRoll… there’s a lot to take in.

And that’s just AI. What about newer social platforms like TikTok and Mastodon – how could they help you reach your audience? And these are just some currently in-vogue; precedent suggests there will be newer, trendier channels just around the corner. And then there is the challenge of gathering the right data to inform your marketing with cookieless tracking and Google’s next-gen analytics with GA4 (more on this soon!).

Marketers don’t need to go all-in on everything new, but they do need to be aware of how these tools could be game-changers for their customer target audience.

Shift your team focus, things you can do today

Here’s a few things you can do today that can help shift you towards where you want to be:

  • Retrospectives: The start of the year is a great time to look back, but it’s something you and your team should be doing consistently. Schedule a retro with your marketing teams to look at what worked, what didn’t, and what the learnings are. Retros are judgment-free opportunities to help improve for the next iteration. We love the Sailboat retro for Marketing teams, Mural has a great example to get you going. I ran a session with our client TECHNIA at the end of last year, and the positive feedback from the team was brilliant – as were the new ideas for 2023 marketing.

 

  • Host lunch & learn sessions: Taking time to learn from others knowledge sharing can be quick and fun. It can also serve as an opportunity to connect as a team beyond your project work – there’s a lot of positives. Find a subject you’re interested in – or haven’t ever heard of – and book it into your diaries. This could simply be playing a YouTube how to video, asking a team member to share their knowledge or bring in an outsider to share… show the team you’re invested in their development and generate new ideas for your marketing challenges – win-win!

 

  • External POV: Sometimes, all you need is an outside perspective. Bring in someone from outside your project – from an external organisation, or even a team member working on a different project – to facilitate a brainstorm or retro. When you have your head down, getting work done, sometimes you need to shut the laptop (metaphorically if you’re remote!) – to introduce a new point of view. There are huge benefits to bringing in an external view to facilitate and challenge the thinking of your team – set out a problem statement and start creating solutions.

Has this got you thinking? Great! Challenge your marketing team and bring in Bright.

Tips on staying up to date

So how do you create an environment that allows your team to stay up to date and also test the new and innovative approaches to marketing?

Increasing your awareness of the wider marketing world doesn’t need to be a big lift. Here are some actions that, over time, will help increase your awareness of developing marketing trends:

Sign-up to email marketing newsletters – it may sound obvious but signing up for marketing agency and industry newsletters can be a great way to stay in the know about new marketing techniques. They’re generally free, and you don’t have to interact if you don’t want to. Create a ‘must read’ list of your team

Follow marketing influencers on social media channels – by adding some additional industry figures to your social channels, you’ll be able to keep abreast of what those in the public eye are endorsing, and whether it is a good fit for your marketing.

Set alerts – using a tool like Google Alerts, set updates for broad terms like “digital marketing” or be more specific and search for something like “copywriting AI tools”. You don’t have to check your alerts every day but setting aside time to review any news is a handy way to ensure you don’t miss out on anything.

Look at your competition – what channels are your direct competitors using? Are there learnings or changes you can make from this? Perhaps they are seeing good engagement in an area you haven’t even considered – could be worth some experimentation.

Attend industry events – whether in-person or online, it’s good to occasionally attend marketing events; they’re a great way to see other organisation’s marketing tools and strategies, and you could also happen upon something invaluable that you didn’t even realise you were looking for.

As an agile marketing consultancy, we are well placed to offer impartial advice on your current ways of working and marketing agility and implement plans to give your marketing team a structure that allows you to take advantage of new marketing techniques and tools.

Lydia KirbyWhen was the last time you challenged your market knowledge?

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