5 Business Growth Hacking Tips to Adopt in 2023

Written by michealchukwube | Published 2022/12/03
Tech Story Tags: finance | startups | business-strategy | business-growth | ai-in-business | how-to-use-marketing-ai-2023 | global-finance | business-finance

TLDRThe dawn of a new year brings with it thoughts big and small. Consumers tend to be more open to changes and have different expectations. Many companies use artificial intelligence (AI) technology due to its benefit of reducing operating costs, increasing efficiency, increasing sales, and improving the customer experience. Companies need to integrate the full range of smart technologies — including machine learning, natural language processing, and more — into their processes and products to get the most out of it. Take these marketing resolutions when you play in 2023.via the TL;DR App

Not only do companies and brands need to plan for the future of digital marketing, but they also need to be ready to take advantage of it. However, it is difficult to predict what it will look like. The dawn of a new year brings with it thoughts big and small. Consumers tend to be more open to changes and have different expectations, and they will also approach the year (2023) with a confident mindset, knowing that they always need to be prepared for anything.

As marketers, we are constantly challenged to innovate and achieve the highest possible return. With our resolutions, we have to question what we want to achieve in 2023 critically.

But where should you start?

Take these marketing resolutions when you play in 2023.

  1. Artificial Intelligence

    Many companies use artificial intelligence (AI) technology due to its benefit of reducing operating costs, increasing efficiency, increasing sales, and improving the customer experience.

    Companies need to integrate the full range of smart technologies — including machine learning, natural language processing, and more — into their processes and products to get the most out of it. Artificial intelligence has many impacts on businesses. By using the right AI technology, your business can:

  • Save time and money by automating and streamlining routine processes and tasks.

  • Make faster business decisions based on the results of cognitive technologies.

  • Avoid mistakes and “human error” as long as AI systems are properly configured.

  • Use the information to predict customer preferences and provide them with a better-personalized experience.

  • Leverage massive amounts of data to generate quality leads and grow your customer base.

  • Increase sales by identifying and maximizing sales opportunities.

    Research suggests that AI doesn't always work best on its own. AI technologies are great for advancing or even replacing low-level, repetitive tasks, but organizations often see the greatest performance gains when humans and machines work together. To get the most out of this powerful technology, see AI as a way to enhance human capabilities rather than replace them.

    1. Social Media Marketing

    Social media marketing describes the use of social media and social networks to market a company's stocks and services. Social media marketing provides a way for businesses to connect with existing customers and reach new ones, allowing them to promote a desired culture, mission, or sentiment. It has data analysis tools specifically designed to allow marketers to track the success of their efforts. It has changed the way we operate as a society, including how we interact with each other. Companies noticed when platforms like Facebook, Twitter, and Instagram took off. They started using these sites to promote their interests through social media marketing. Indeed, these sites can impact consumer behavior.

    The tremendous impact of social media marketing is that you can reach your target audience, stay in touch with them and answer their questions quickly. Social media is a great way to estimate your competitors by following their social media pages.

    Therefore, social media marketing has become important to all marketing strategies. The positive effects of social media marketing are so great that if you don't implement it, you'll miss out on a phenomenal marketing opportunity. This lays the foundation for positive social relationships that make individuals happier and healthier When your team is happy and healthy, it positively impacts the entire organization.

    1. Building Company Culture

      A well-defined culture will help you attract clients and customers who accept your way of doing business. When your culture is well defined, your marketing messages will be stronger as potential customers will better understand ​​what you believe in as a business. Company culture is important to employees as employees value their work more when their needs and values ​​are aligned with those of their employers. When you work somewhere with a good culture, you tend to develop better relationships with your colleagues and be more productive.

      Culture brings stability. When approaching your marketing efforts, aim for consistency in brand, tone, and style, as this will help your audience connect with the brand and encourage customer loyalty. Regardless of that goal, establishing the company culture and mission statement create a sense of purpose and professional alignment to unite your team.

    2. The Rise Of Interactive Content

      Consumers are becoming increasingly autonomous in their journey. As marketers, we need to take this into account and make it easier for users. Businesses may need to invest more time and effort in engaging the prospect and helping them find what they are looking for. Therefore, one trend that could emerge in 2023 is the rise of interactive content. Much of the content online today simply conveys a message to the viewer. With the advent of interactive content marketing, users can do so much more – they can participate by taking a survey or quiz. This allows an audience to use the content to personalize their experience, allowing them to interact and respond while being educated or entertained about the topic at hand. More engagement means more views, and that translates to more brand awareness, which ultimately translates to more customers.

      Take Warby Parker's Framework Discovery Test, for example; seven simple questions provide the company with the data it needs to determine which products best serve its customers. The customer is given multiple pairs to test based on their answers.

    3. Content Alignment

      A content alignment strategy can help keep your brand organized and consistent across departments and industries. By implementing it, your business can grow exponentially without losing your brand voice. Creating a brand voice and content that matches that brand voice is an important part of a content marketing strategy. Aligning sales and marketing may be the best opportunity to improve business performance.

      When marketing and sales teams converge around a single revenue cycle, they dramatically improve marketing return on investment (ROI), sales productivity, and, most importantly, growth. Many marketing teams take the time to analyze what the competition is doing, website changes, social media updates, and blog posts; they know what the trends are and where to compare.

      Working together, your marketing team can keep your sales team informed about the tactics used and the positioning of the competition. This gives your sales force a clear understanding of why your products or services are far superior to the competition when approaching potential customers.

Conclusion

Marketing trends come and go and evolve as brands strive to utilize the latest technologies better and respond to market changes. It's no longer just about making an impact or creating remarkable content. Once the public is aware of its existence, companies need to engage with potential customers in a meaningful way, build a reputation as a trusted source of information, and nurture those relationships.

That's a lot to do when so many consumers are busy dealing with the impact of the global pandemic on their lives. To reach people in this climate, brands need to take advantage of emerging marketing trends that promise them a competitive edge.


Written by michealchukwube | Founder & CEO, biztechagency.com || Experienced Digital PR Strategist || Content Writer || Tech Enthusiast |
Published by HackerNoon on 2022/12/03