Marketing speaker Michael Leander at Adtech Asean (Photo courtesy Adasia Online)
Michael Leander, the well-known marketing speaker, says that successful digital marketing depends on getting the marketing fundamentals right. “We have to spend less time on the future unless we’re ready for that future,” he said, quoting David Ogilvy who once said that consumers buy based on the content of the advertising, not its form.
“This is basic stuff but we have to take this seriously. We claim to care about our customers but we haven’t learnt to take our customers and prospective customers seriously,” he said.
In his keynote at ad:tech asean, Leander said that 80% of digital marketing activities do not deliver any returns on the marketing investment (ROMI), while 90% of social media marketing activities even have negative ROMI.
Earning trust is critical for digital marketers
The reality today is challenging, Leander acknowledged. He said that consumers are exposed to 6,000 advertising messages daily, and have many choices and channels at their fingertips. “Earning trust is critical,” he said. “Consumers are getting more and more nervous about making the right choice.”
An ‘in-your-face’ strategy is a lot less likely to work than a courtship process, he advised. “They want a dating process, to get to know you and trust you before they can even begin to think about purchasing what you have,” he said. “Brands are not putting enough emphasis into answering ‘Do I know you?’, ‘Do I need you?’ and ‘Can I trust you?’”
Digital marketing expectations: Be realistic
Leander also cautioned that management is expecting immediate results from digital, when things take time. “In our industry, (it is) often three to five times longer than expected,” he said. “It is important to be realistic.”
He added that reach and volume mean nothing if the right people are following the brand. “Start focusing more on the people that matter,” he said.
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