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The top growth marketing trends for the coming year

November 17, 2023 | Jimit Mehta

As we approach a new year, it's natural to start looking ahead and considering what changes and innovations will come to the marketing landscape. In recent years, growth marketing has become an increasingly popular approach for businesses looking to expand their customer base and drive revenue. By focusing on data-driven experimentation and optimization, growth marketers aim to maximize their return on investment and unlock new growth opportunities.

So, what can we expect from growth marketing in the coming year? With the world in a constant state of flux and technological advancements rapidly changing the way we live and work, the marketing landscape is constantly evolving. From emerging social media platforms to the rise of AI, there are plenty of trends to watch out for. In this article, we'll take a deep dive into the top growth marketing trends to look out for in the coming year and explore how they can help businesses stay ahead of the curve.

Personalization and hyper-segmentation of marketing campaigns

Personalization and hyper-segmentation of marketing campaigns refers to the practice of tailoring marketing efforts to individual customers or small groups of highly similar customers. In the past, marketers tended to take a more generalized approach, broadcasting the same message to a broad audience in the hopes of reaching as many potential customers as possible.

Today, however, advances in technology and data analytics have made it easier than ever to gather information about individual consumers and use that data to deliver highly personalized messages that speak directly to their specific interests, needs, and pain points. By segmenting customers into smaller groups based on their behavior, demographics, and psychographics, marketers can create highly targeted campaigns that are more likely to resonate with those customers and drive conversions.

For example, a clothing retailer might use data on a customer's past purchases, browsing history, and demographic information to create personalized product recommendations or send targeted promotional emails featuring products the customer is likely to be interested in. By delivering highly personalized messages, marketers can improve the customer experience, increase engagement, and ultimately drive sales.

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The rise of voice search and smart speakers

The rise of voice search and smart speakers refers to the increasing popularity of devices that allow users to interact with technology using their voice. Smart speakers like Amazon's Echo and Google Home have become commonplace in many households, while voice assistants like Apple's Siri and Google Assistant are built into millions of smartphones and other devices.

With the rise of these voice-enabled devices, users are increasingly turning to voice search as a way to find information and complete tasks online. Rather than typing out a search query or using a touchscreen, users can simply speak their requests aloud, and the device will provide a response or carry out the requested action.

For marketers, this presents both a challenge and an opportunity. On the one hand, it means that traditional SEO strategies may need to be adapted to account for the different ways people use voice search. For example, users are more likely to ask questions in a conversational tone when using voice search, so optimizing content for long-tail keywords and natural language queries can be important.

On the other hand, the rise of voice search also presents an opportunity for marketers to reach new audiences and engage with customers in new ways. By creating voice-enabled content, such as podcasts or interactive voice apps, marketers can provide value to users in a way that's tailored to the unique capabilities of voice-enabled devices. This can help drive engagement and build brand loyalty among users who prefer to interact with technology using their voice.

Increased focus on influencer marketing and micro-influencers

Influencer marketing has become a popular tactic for many businesses in recent years, and in the coming year, we can expect to see an increased focus on this strategy. Influencer marketing involves partnering with social media influencers, who have a significant following on platforms like Instagram, TikTok, and YouTube, to promote a brand or product to their followers.

While influencer marketing has traditionally focused on partnering with high-profile celebrities or social media personalities with millions of followers, there is a growing trend towards working with micro-influencers. Micro-influencers are individuals who may have smaller followings but are highly engaged with their audience and have built a loyal community around their content.

The benefit of working with micro-influencers is that their followers are often more niche and specific, which can lead to a more targeted audience for the brand. Additionally, micro-influencers often have a more personal relationship with their followers, which can lead to higher levels of trust and authenticity when promoting a product or brand.

In the coming year, we can expect to see an increased focus on influencer marketing as brands look for new ways to reach customers and build brand loyalty. By partnering with the right influencers, businesses can tap into their engaged audiences and reach new customers in a way that feels authentic and trustworthy.

Emphasis on customer experience and engagement through chatbots and AI

In recent years, we've seen a growing emphasis on customer experience as a key driver of business success. As customers increasingly expect personalized and responsive interactions with brands, businesses are turning to new technologies to help meet these expectations. One area of focus in the coming year will be chatbots and AI to enhance customer experience and engagement.

Chatbots are computer programs designed to simulate conversation with human users. By integrating chatbots into websites and mobile apps, businesses can provide instant responses to customer queries and support requests. Chatbots can help businesses streamline their customer service operations, reduce wait times, and provide 24/7 support.

AI takes chatbot technology to the next level by using natural language processing (NLP) and machine learning algorithms to provide more sophisticated and personalized responses to customer queries. By analyzing past customer interactions and behavioral data, AI can help businesses better understand customer needs and preferences and provide tailored recommendations and solutions.

By emphasizing customer experience and engagement through chatbots and AI, businesses can improve the overall customer experience, increase satisfaction and loyalty, and even drive sales. As these technologies continue to evolve and become more sophisticated, we can expect to see even more innovative uses of chatbots and AI in the coming year.

Utilizing interactive content and gamification to increase engagement

Utilizing interactive content and gamification to increase engagement refers to the use of interactive and game-like experiences to capture the attention of customers and drive engagement. With so much content available online, businesses are finding it increasingly difficult to capture the attention of potential customers and stand out from the competition. Interactive content and gamification offer a way to break through the noise and create a more engaging experience for users.

Interactive content can take many forms, such as quizzes, polls, assessments, calculators, and more. By providing an interactive experience, businesses can encourage users to engage with their content, learn more about their products or services, and potentially become more invested in the brand.

Gamification takes this a step further by incorporating game-like elements, such as points, badges, and challenges, into the interactive experience. By turning the experience into a game, businesses can make it more fun and engaging for users, and potentially increase the time and attention they spend on the brand.

For example, a fitness brand might create a gamified experience where users earn points and rewards for completing daily challenges and reaching fitness milestones. By making the experience more interactive and fun, the brand can increase engagement and potentially create more loyal customers.

In the coming year, we can expect to see more businesses utilizing interactive content and gamification to increase engagement and build brand loyalty. By creating experiences that are both informative and enjoyable, businesses can create more meaningful connections with their audience and stand out in a crowded digital landscape.

Use of social media stories and ephemeral content for brand awareness

Social media stories and ephemeral content refer to short-lived posts that disappear after a certain amount of time, such as the 24-hour stories on Instagram and Facebook. In recent years, these types of posts have become an increasingly popular way for businesses to build brand awareness and engage with their audience.

One reason for this is that stories and ephemeral content allow businesses to share more casual, behind-the-scenes glimpses of their brand and team. By giving customers a more personal look into the brand, businesses can create a stronger emotional connection with their audience and build brand loyalty.

Another benefit of stories and ephemeral content is that they create a sense of urgency and exclusivity. Because these posts disappear after a certain amount of time, they create a FOMO (fear of missing out) effect that can encourage users to engage with the brand more frequently.

In addition, social media platforms have been investing heavily in their story features, adding new tools and features that make it easier for businesses to create engaging content. For example, Instagram's Stories feature now allows businesses to add interactive elements like polls and quizzes, which can further increase engagement.

In the coming year, we can expect to see more businesses using social media stories and ephemeral content to build brand awareness and connect with their audience. By leveraging the sense of urgency and exclusivity that these posts create, businesses can increase engagement and build a more loyal customer base.

Increased adoption of video marketing across platforms

Video marketing is the use of video content to promote a brand or product. In recent years, video has become an increasingly popular form of content, with businesses using video to tell stories, demonstrate products, and engage with their audience. In the coming year, we can expect to see even more businesses adopting video marketing as a core part of their strategy.

One reason for this is the rise of video platforms like YouTube, TikTok, and Instagram Reels. These platforms have made it easier than ever for businesses to create and share video content, and have given users a new way to discover and engage with brands. By creating video content specifically for these platforms, businesses can reach a wider audience and build brand awareness in new and creative ways.

Another reason for the increased adoption of video marketing is the success that businesses have seen with video ads on platforms like Facebook and YouTube. Video ads have been shown to be more engaging and effective than other types of ads, and can help businesses to better capture the attention of their target audience.

Furthermore, advances in technology have made it easier and more affordable for businesses to create high-quality video content. With the rise of smartphones and affordable video editing software, businesses can create professional-looking videos without breaking the bank.

In summary, the increased adoption of video marketing across platforms is driven by the popularity of video content, the rise of video platforms, and the success of video ads. As businesses continue to experiment with different types of video content and platforms, we can expect to see more innovative uses of video in the coming year.

Advanced use of data analytics and AI for better targeting

Advanced use of data analytics and AI refers to the use of technology to collect, analyze, and interpret large amounts of data in order to better target and engage with customers. By leveraging the power of data and AI, businesses can gain deeper insights into their customers' behavior and preferences, and use that information to create more personalized and effective marketing campaigns.

Data analytics involves using software and tools to collect and analyze large amounts of data from various sources, such as customer interactions, social media, and website traffic. By analyzing this data, businesses can identify patterns and trends that can help them better understand their customers and create more targeted marketing campaigns.

Ai takes this a step further by using machine learning algorithms to automatically analyze and interpret data, and make predictions about future customer behavior. This can help businesses to better predict what their customers want and need, and create more personalized and effective marketing campaigns.

For example, a retail business might use data analytics to analyze customer purchase histories and identify patterns in their buying behavior. They might then use this information to create personalized product recommendations for each customer. With the help of AI, they could even create personalized email campaigns based on each customer's purchase history, browsing behavior, and other data.

In the coming year, we can expect to see even more businesses adopting advanced data analytics and AI technologies to improve their targeting and create more personalized marketing campaigns. By using technology to better understand and engage with their customers, businesses can create a more loyal and engaged customer base, and ultimately drive more revenue and growth.

Growth of mobile-first marketing strategies and mobile optimization

In recent years, mobile devices have become an increasingly important part of our daily lives. People are using their smartphones and tablets to do everything from browsing social media to shopping online. As a result, businesses are focusing more and more on mobile-first marketing strategies and mobile optimization to reach and engage with their audience.

Mobile-first marketing is a strategy that prioritizes the mobile experience when creating marketing campaigns. This means designing campaigns that are optimized for mobile devices, with mobile-friendly content and design. With more people accessing the internet on their phones than ever before, businesses are realizing that a mobile-first approach is essential to reach and engage with their audience effectively.

Mobile optimization is the process of adapting websites and content for optimal viewing and interaction on mobile devices. This involves optimizing the design and functionality of a website for smaller screens and touch-based navigation. By creating a mobile-optimized experience, businesses can ensure that their customers can easily access and interact with their content on the go.

In the coming year, we can expect to see even more businesses adopting mobile-first marketing strategies and mobile optimization techniques to better reach and engage with their audience. This includes creating mobile-friendly content, such as video and social media posts, and optimizing their website for mobile devices.

Businesses that ignore the mobile trend risk falling behind in an increasingly mobile-first world. By prioritizing mobile-first marketing strategies and mobile optimization, businesses can stay ahead of the curve and better connect with their audience in the coming year.

Incorporation of virtual and augmented reality experiences into marketing efforts

Virtual and augmented reality (VR and AR) technologies are rapidly becoming more accessible and mainstream. As a result, businesses are beginning to incorporate these technologies into their marketing efforts to create more engaging and immersive experiences for their customers.

Virtual reality is a technology that uses a headset or other device to create a simulated environment that users can interact with. This can range from simple 360-degree videos to fully immersive 3D experiences. Augmented reality, on the other hand, overlays digital content onto the real world, often through the camera on a smartphone or tablet.

By incorporating VR and AR experiences into their marketing efforts, businesses can create more interactive and engaging experiences for their customers. For example, a travel company might create a VR experience that allows customers to explore a hotel or resort before booking their trip. An online clothing retailer might use AR to allow customers to virtually try on clothes before making a purchase.

In the coming year, we can expect to see even more businesses experimenting with VR and AR experiences in their marketing efforts. As the technology continues to improve and become more accessible, businesses that incorporate these technologies into their marketing campaigns will have an advantage in creating more memorable and engaging experiences for their customers.

While the use of VR and AR in marketing is still relatively new, the possibilities are endless. As more businesses embrace these technologies, we can expect to see more creative and innovative uses of VR and AR in the marketing world.

Summary

The world of marketing is constantly evolving, and businesses need to stay up to date with the latest trends in order to remain competitive. In the coming year, we can expect to see a variety of new and emerging trends in growth marketing.

Personalization and hyper-segmentation of marketing campaigns will be key in creating tailored experiences for customers. The rise of voice search and smart speakers will also be important as businesses look to optimize their content for these platforms.

Influencer marketing, particularly with micro-influencers, will become more prominent, as businesses look to partner with individuals who have a smaller but more engaged following. Customer experience and engagement will be a focus with the use of chatbots and AI, which can provide quick and personalized responses.

Interactive content and gamification will be used to increase engagement, while social media stories and ephemeral content will be used for brand awareness. The adoption of video marketing across platforms will also increase, with businesses focusing on creating engaging and high-quality video content.

Finally, the advanced use of data analytics and AI will be key in better targeting customers, and the growth of mobile-first marketing strategies and mobile optimization will continue to be important as more people access the internet on their mobile devices.

Businesses that stay on top of these trends and incorporate them into their marketing efforts will be better positioned to reach and engage with their audience in the coming year.

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