Saturday, December 17, 2011

Tech Marketing Budgets Up for 2012

Digital, content marketing and lead-generation top priorities. More positive indicators for economic recovery

According to new findings from IDG Research Services, two-thirds of the technology marketers surveyed said they expect their budgets to rise next year with digital programs capturing half the spend. Live events are expected to garner one fourth (24%) of tech marketers’ budgets with the remainder spread among print, broadcast and other media.
Our experience is that tech marketers tend to pave the way for marketers in other industries who have long sales cycles and who need consistent, high-value touch points with multiple decision makers.

What are tech marketers’ goals this year? Lead generation topped all digital budget categories with almost 27 percent, followed by display/banner at just under 20 percent and search at almost 19 percent.

What is the most important campaign metric? Researchers say click-through rate is the most important factor in campaign success with cost-per-engagement and interaction rate almost equal in importance.

Top 5 spending priorities? Content marketing, which includes white papers, case studies, videos, custom websites, video and white papers, is among tech marketers’ top five spending priorities for 2012:

--71 percent will be investing in collateral
--61 percent will be investing in webcasts/virtual events
--59 percent will be investing in videos
--55 percent will be investing in research
--54 percent will be investing in content marketing or custom programs

Our Take? Tech marketers are historically a good bellwether for any mature industry with a long sales cycle. We expect those in financial services, pharmaceutical, legal, insurance and other professional services to follow tech marketers’ lead.

NOTE: When asked about the biggest challenges in producing marketing content, approximately two-thirds of the marketers indicate they will outsource one or more projects involving content creation, creative development, ad unit creation and online production/services.

More signs that modest economic rebound is likely to stick

Here’s some more optimistic news that came across our radar this week:

-- The National Federation of Independent Businesses said its index of
small business attitudes rose in November for third straight month—7 percent more small business plan to expand their payrolls in the next three months, than plan to cut them.

-- The number of workers voluntarily leaving their jobs hit a 2-year high: The Labor Department reported this week that a record 1.9 million workers resigned their jobs in October.

-- Fed policy makers this week said they plan to keep short term interest rates near zero through 2013. Retail sales up for sixth consecutive month and gas prices down or holding steady in most parts of the country

One millionth mobile app just released

Apps shrink the programs that were once available only on a desktop PC and make them usable on smartphones and mobile devices. Experts say the pace of new app development dwarfs every other kind of media—about 15,000 new ways a week to check stock trades, restaurant reviews, sports scores, directions, traffic, videos, articles and shop. Back in 2008 there were less than 10,000 apps available according to Mobilewalla. Five years ago, building an app for a phone meant going through the carrier, dealing with hardware, QA issues and inconsistent user experience. Now there’s a world of more powerful devices, higher quality networks and high-resolution cameras.

Our Take: More and more of your target customers are unchaining themselves from their desks and you better be mobile optimized—not only your creative, but your strategic mindset as well.

Consumers and businesses ARE spending money—they’re just being pickier about how they spend it and with whom they spend it on. Your target customers have never been better armed with purchase information and nothing sells itself anymore. No matter how talented your sales team; you won’t win in the new post-recession landscape without great marketing and customer support to back up your promises.

Happy Holiday from all of us here at HB Publishing & Marketing Company. Looking forward to working with you again in 2012. Let’s make it a great year.


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