While marketers in many countries are worried about a recession, there is also optimism regarding the business climate and marketing budgets.
There’s a shift in what consumers find memorable on social media
By our News Team | 2023
Often, the most memorable action a brand can take on social media is simply providing a response, study finds.
Social media is no longer just a virtual gathering place for friends and family – new research covering the US and UK markets indicates that it’s at the epicentre of building brand-consumer trust that requires timely, genuine engagement from brands.
According to the recently released ‘2023 Sprout Social Index, Edition XIX: Breakthrough’, 51% of consumers in these countries think the most memorable action a brand can take on social media is simply providing a response.
Photo by Ketut Subiyanto from Pexels
Meanwhile, one in four people believe speaking out about social issues and causes makes a brand memorable, despite this being seen as a differentiator in recent years.
With consumers primarily following brands on social media to stay up to date on products and services (68%), the 2023 Index reveals a shift in what consumers want on social media and makes it clear that brands must prioritise personalised care and engagement, Sprout says.
Prioritise personalised care and engagement
Sprout Social, a provider of cloud-based social media management software, surveyed over 1,800 consumers and 900 marketers across the US and UK to see how social media’s role has evolved in today’s business landscape, what consumers expect from brands on social, and how brands are planning for the future.
“Our research shows consumer expectations continue to rise and shift year-over-year. Today’s consumers want brands to do more than jump on trends and social issues – they want to trust and truly connect with a brand, requiring them to be more responsive and personal than ever,” says Jamie Gilpin, CMO at Sprout.
Additional key findings from the 2023 Index include:
- Marketers have AI in their future plans, but not without some apprehensions. With over eight in 10 already seeing the positive impacts of AI, marketers anticipate AI playing a role in analysing social data (68%), content creation (66%), social media advertising targeting and campaign targeting (65%), and building chatbots (63%) in 2024. On the flip side, marketers rank job displacement as the #1 concern when it comes to AI. Furthermore, a third are concerned with maintaining a balance between AI and human touch in social media interactions, and 42% of consumers are apprehensive about brands using AI in social media interactions.
- The social teams of tomorrow must make silos a thing of the past. Social’s role has expanded well beyond marketing, touching nearly every corner of a business. Today, 76% of social marketers say their team’s insights inform other departments and 65% say other teams inform their social efforts. Despite this, 43% of social teams still feel siloed from other departments, especially among mid-market (48%) and enterprise (44%) organisations in comparison to their small business counterparts (33%).
You can download the full report here.
US industry body warns marketers to be vigilant as programmatic media is ‘complex’ and ‘can be non-transparent’.
Dentsu says big events like the Euro 2024 soccer finals and US presidential election will help to push up spending.
Look for transparency, check results of previous projects, and request an air-tight scope of partnership, advises industry expert.
AMC’s range of Short Courses is designed to complement the study and career-growth initiatives offered by our member countries.
More people also took advantage of deals to buy everyday items, rather than spending on big-ticket luxury goods.
Bath and body well-being brand creates a 3m-high candle and lights it in a busy Christmas shopping precinct to encourage people to ‘reset’.
Data from 2008 recession indicates that, in another recession, the amount spent on higher-priced Fair Trade goods may actually increase.
Interbrand study says lack of growth mindset, weaker brand leadership and poor forecasting are among the key reasons.
Tlali Taoana has experience in strategy, marketing and executive roles, and will expand the capabilities of the business.
AMC President flies the flag at the World Marketing Forum in Thailand, then welcomes Tunisia as the confederation’s 11th member.