Conversant Chief Marketing Officer Scott Eagle discussed ways that organizations can improve their digital marketing during a Thought Leadership Spotlight Presented by Conversant at the 2014 Chief Marketing Officer Leadership Forum: Fall Event in San Francisco on Nov. 6. In his presentation, "Five Ways to Drive Digital Marketing Excellence Through Sharper Thinking," Eagle dispelled several common marketing myths.
Eagle noted there are five common marketing myths:
- Personalized marketing is a powerful idea, but it is not yet possible.
- It’s too tough to demonstrate digital marketing's impact on offline sales.
- Vendor dating is better than vendor marriage.
- Simplistic attribution models are viable options for marketers.
- Marketing teams constantly need to execute on "what's hot in digital."
Building a picture of a target consumer and a marketing strategy to garner this consumer's attention can help marketers ensure that they connect with their target audiences consistently, Eagle said: "If you know who [the target consumer] is and can find [this consumer], you have to put the right intelligent communication in front of them based on what you believe the next purchase they’re going to want. That’s creation of millions and millions of ad [permutations]."
Test and control digital marketing models, Eagle said, can help an organization learn more about its target audiences than ever before. An organization that constantly focuses on finding ways to bolster its digital marketing, Eagle added, can achieve consistent, incremental improvements: "There’s no reason to dive right in again and get married. We pilot it [and] we work through a few things. There are lots of ways you can truncate and cut down on that."