5 Ingredients to plate your 2018 Marketing Dish like a Pro


Molecular Gastronomy should not be considered a style of cooking but a new scientific discipline” argues Professor Pete Barham, from the University of Bristol, who has worked extensively with celebrity chef Heston Blumenthal. Why?

Because it involves chemical sciences: agrochemicals are involved in the way food is produced; chemical changes occur during harvesting, packaging and transport to market, and subsequently during processing and cooking and finally, an understanding of neurochemistry when the brain reacts to the presentation and taste of the food.

“Taken to its extreme”, Barham argues, “It should be possible to quantify just how delicious a particular dish will be to a particular individual. Thus, in the future, it may be possible to serve different variations of the same dish to your dinner party guests so that each has their own uniquely enjoyable experience”.

Molecular personalization? Isn't that we want to do in marketing- create a unique customer experience.

With that thought let me list out a few in-season ingredients which will help you whip up your marketing dish make it delectable in 2018 !

Mobile at the core :
There’s no doubt mobile has become core to the digital marketing ecosystem – as a  communications channel, support and service mechanism, purchasing tool and more. But according to Forrester’s 2018 mobile predictions, marketers need to put even more emphasis on understanding how next-generation consumers are interacting with brands via these devices in the New Year. Mobile strategy goes way beyond a responsive website, even if it is designed mobile-first. The caveat of this is that the screen size for these mobile devices are tiny compared to laptops or desktops. It is much more difficult to convey all desired content into a website while still maintaining readability and clarity for such small screen sizes. Having mobile UX in mind, web designers and developers can collaborate and create products that should potentially be very clear and easy to digest in terms of their content, layout, and style

AI at the fore :
“With AI at the forefront, marketers will be better able to understand the likes and dislikes of a customer, determine what specific branded content should be served to that consumer, and track all their interactions through the customer's journey.  
“AI will also be imperative to provide customers with a seamless personalized digital experience in the future, for brands to get cut through, and for marketing to help deliver ROI.”  
Future-facing CMOs will adopt a challenger-centric approach in 2018, investing money where they see most value.

Millenials drive your purpose:
You are going to need to have a very clear brand purpose at the centre of everything to pull this off. Millennials, if they actually existed as a segment, would demand a clear and transparent brand purpose or they would simply not buy from you.
They don’t really care about ‘what’ the product is, they just care about ‘why’ you made it. That makes the millennial segment incredibly hard to market to; partly because they might go into the supermarket to buy bananas and bag of flour but come out with a unicycle and a bottle of brandy, but also because they demand a brand purpose. Who cares how your beer tastes? Why did you make it? And what are you doing about orangutans in Borneo?

Storify it through :
Can you imagine the power of a marketing department exclusively staffed with storytellers? Who needs strategy when you can weave a magical story? Does gross margin really matter when I can tell an impressive tale to explain it all away? And who wants brand managers when fairytales are an everyday aspect of operations?

Gather the advocates:
The strategy of paying a celebrity to syndicate brand content out to millions of followers has left many marketers disenchanted in the last few years. Finding the right partner who can co-create content up to brand standards can be equally difficult. Where brands should invest their time is reengaging customers who already love to talk about their products, developing new ways to build armies that feel less promotional or gamified and more rewarding, focused on building a culture of gratitude within the brand’s social community.

And there you have it, the story to unfold in 2018. Using AI to drive the millenials through a good story in their mobiles augmented by trusted advocacy. Let us check back in 2019 of how all of these shaped up!


Do Butt Clicks Count? Why Marketing is a Bad Investment

If you cannot measure it, there is no point in doing it.

Or so goes the case for measuring the return of our investment, whether in dollars or time, for any given marketing activity. It is good actually. Technology has been an enabler for marketing to drill down to the microscopic level of marketing. However, the focus on a granular level has taken away the vision to the bigger picture. Why?

Because, we’re evolved!

What’s the ROI of the flight delayed for a son to see a dying mother?
What’s the ROI of a smiling usher in the restaurant?

May seem a complicated question to ask. But, an employee smiling at a customer doesn’t cost anything. The customer experience has so many possible touch points today that it almost seems impossible to measure a true financial ROI.

ROI’s roots are in evaluating one-time capital projects. “But is marketing a one-time capital project?” Clearly not! ROI is a useful starting point for sizing up any investment. Remember that ROI is a historical measure, meaning it calculates all the past returns. The point is that an investment can do very well in the past and still falter in the future.

"When we work on making our devices accessible by the blind," he said, "I don't consider the bloody ROI."Tim Cook

If marketing’s mandate is to maximize ROI, there is every incentive to never do anything new at all.


Marketing is a science of uncertainty and an art of probability :

ROI by itself says nothing about the likelihood that expected returns and costs will appear as predicted. Neither does it say anything about the risk of an investment. ROI simply shows how returns compare to costs if the action or investment brings the expected results. Therefore, a good marketing investment analysis should also measure the probabilities of different ROI outcomes. It is important to consider both the ROI magnitude and the risks that go with it.

The Citizen Brand :

Headline Findings in a recent 2017 study includes the damning facts that people wouldn’t care if 74% of the brands they use just disappeared and that 60% of the content created by the world’s leading 1,500 brands is “just clutter” that has little impact on their lives (or business results). Instead of customers, propositions and activation, brands need to embrace the new three P's of marketing: people, purpose and participation. This is the future of marketing. This is the ‘Citizen Brand’.


Are we prepared for the world beyond ROI?

The pursuit of a perfect ROI calculation will exhaust the very resources that are supposed to deliver ROI.
We have uncertainty all around the plate, probability is the new ingredient and AI seems to be the sauce that will perfect the taste! The development and testing of new attribution models that move away from last touch and toward more comprehensive assessments, which includes multiple futures, will be the way forward. These models will eventually impact how marketers measure ROI and plan campaigns. New AI-powered algorithms will be tested to determine entirely new ways to create meaningful experiences and then define and measure the REAL ROI.

 “Even though you are on the right track, you’ll get run over if you just sit there”. Will Rogers.

What are the multiple futures that could turn a marketing plan upside down?