And as we know, a lot changed this year, the pandemic and the economic shifts, in fact, saw more people working from home and spending less ...
And as we know, a lot changed this year, the pandemic and the economic shifts, in fact, saw more people working from home and spending less time going out. This had a huge effect on the digital marketing landscape, but what's in store for 2021?
What's going to happen?
We'll take a look at three trends that we anticipate will take place in the upcoming year.
Let's start with working from home.
Working remotely has given people more flexibility. It's meant less time, or even no time commuting. This means that people are spending more time online than ever before. They're searching for information and conducting more research for businesses and personal purchases.
Consumers are using more subscription services for entertainment, fitness, and even business collaboration in droves. This is a fundamental shift in the way people spend their time.
Think for a moment about the ways businesses and marketing have already been affected by this, for example, businesses relying on foot traffic in commercial centres and downtowns have had to rethink how they draw people in and find new ways to sell to them. Gig economy jobs, like food delivery, have flourished this year.
This will change the way people think about dining out even after the pandemic. So restaurants will likely need to pivot for the longterm. People working at home has led to more working out at home from treadmills to bikes, to online fitness classes. The wellness business also may never look the same. In the world of digital marketing, these behaviour changes will continue to shape the way we do business online.
1. Increased digital ad spend.
Digital ad spending took a big hit early in 2020, but in many parts of the economy, it rebounded pretty fast as companies pivoted. One recent study shows advertising on e-commerce platforms jumped almost 40% in 2020. That same study predicts another 30% jump in 2021 and will account for about 13% of U.S. digital ad spend. It also projects Display spend could increase by 10%.
Brands need to make sure that people will actually find them across all of their channels. And this could definitely mean more digital ad spend. And with more ad spend comes also more pressure for SEOs and digital marketers to perform and execute well.
2. No more third-party cookies.
The second development impacting the upcoming year might be the beginning of the end of the cookies world. Chrome, in fact, starting in early 2022, will stop supporting third party cookies. And we know that where Google goes, others often will follow. As Chrome and maybe others stopped supporting third-party cookies, your ability as a marketer to retarget and track customers and prospects will be affected in big ways.
There's a lot of confusion about what this will all mean.
Does this mean the end of tracking altogether?
Expect a lot to happen in 2021 as marketers and experts. Try to understand what a world without cookies will actually look like and be ready to adapt to this change.
And I'll tell you, I'm sure that we'll definitely drop in more on the topic as soon as all these changes become a bit more clearer.
But in the meantime, I would love to know your opinion in the comments about what you think this is going to mean for the industry we work in.
3. Core Web Vitals.
Have you started making changes to your site yet?
These are three trends that we definitely think will shape the upcoming year 2021.
Don't miss the content that we'll be posting, because our mission is to keep on posting videos that will help you be a better marketer, stay ahead of your competition and dominate your niche.
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