2 out of 3 Marketers Lack Confidence in Media Marketing & Advertising Strategy [REPORT]
January 12, 2023
The media marketing and advertising landscape has become much more fragmented, unpredictable and vast with the rise of digital channels. The amount of consumer choices, heightened expectations for personalization, and the need to optimize based on real-time data insights make managing campaigns and achieving desired outcomes challenging today.
New research from the CMO Council, “Optimizing Outcomes in Media Marketing,” in collaboration with NCSolutions, finds 2 in 3 marketing leaders not very confident in their current media marketing and advertising strategy to effectively produce critical outcomes such as winning and retaining customers, increasing brand loyalty, enhancing CX, among others.
Key findings from a survey of over 160 marketing leaders uncover:
- 80% of marketers say media marketing and advertising is either extremely (37%) or very (43%) important in winning customers
- 52% of marketers say media marketing and advertising is either extremely (16%) or very (36%) important in retaining customers
- 85% of marketers say it’s extremely (34%) or very (51%) important to obtain a sales lift report when choosing to advertise with a publisher/retail media network, and 82% say it’s extremely (35%) or very (47%) important to understand if the campaign is creating a sales lift at other retailers and online stores
- 83% of marketers say optimizing media and audience for in-flight campaigns is either extremely (40%) or very (43%) important
“Today’s CMO must be incredibly agile in order to successfully navigate a fragmented and unpredictable media landscape,” said Donovan Neale-May, executive director of the CMO Council. “They have to be able to learn quickly and pivot fast when things aren’t going to plan. They need to make smart decisions based on data, not only gut hunches.”
“In our survey of marketing leaders, we learned they resoundingly do not feel confident in their ability to drive direct outcomes through their marketing and advertising efforts,” said Deirdre McFarland, SVP of Marketing, NCSolutions. “A vibrant partner ecosystem already offers help for many of these obstacles. Brands can seek partners to run more efficient campaigns with targeting and optimization solutions.”
“Optimizing Outcomes in Media Marketing” examines the impact of media marketing and advertising, where marketers can improve their capabilities, what they should be planning over the next 12 months, what challenges need to be overcome, and more.
To download report, CLICK HERE.