The initial focus around the May 2018 GDPR deadline for most B2B organizations was what steps they need to take to be compliant. Now almost six months after the deadline many brands are seeing and feeling the effects on their database, with some seeing their usable contact lists dropping by more than 50% after double opt-ins and other compliance steps were added for EU contacts. Given the significant dent to outbound lists, many marketers have responded by ramping up content syndication and other inbound tactics.
New research from the Altimeter Group shows that 55% of marketers plan to spend more on influencer marketing in 2019. But according to Principal Analyst Brian Solis, marketers must rethink their approach and strategies to influencer marketing in order to be successful.
In a conversation with Demand Gen Report, Solis shared what he has named “Influence 2.0,” a new approach that includes building long-term influencer relationships and working with influencers to engage buyers at every touchpoint.
“Trust in companies, brands and executives plummets every year, but trust in peers or people ‘like me’ is always at the top,” said Solis. “At the end of the day, that’s what [influencers are] about … I think it is an underappreciated strategy in the marketing arsenal.”
Listen to the entire podcast below to learn about the research, best practices for improving your influencer marketing strategies and more.
Although GDPR went into effect last May, 16% of companies still don’t have a plan for GDPR compliance and 11% don’t know if they have a plan, according to new research from the CMO Council. In a conversation with Liz Miller, SVP of Marketing at the CMO Council, she digs into the data to uncover the main misconceptions that are confusing B2B companies on GDPR. Miller also shares some of the key traits and themes found in the research when comparing leading GDPR-compliant companies versus laggards.
Click here to see the full research report published by the CMO Council on the topic.
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Imagine a place where all business data could be stored in its source form, waiting to be analyzed on call. That place is the data lake, and when properly utilized, it can be one of a business’ most valuable assets, saving money and increasing ROI.
So, it’s been surprising to see data lakes labeled “evil.” The anxiety about data lakes turning into data swamps cedes a level of discourse that suggests businesses don’t really know what to do with their data — and haven’t realized that smart solutions have kept up with the changing reality of data management.
PFL, a tactile marketing automation company, announced new capital expenditures that the company states will help further expand its capabilities for current and future clients. The four key investment initiatives intend to accelerate client acquisition and delivered value by investing in increased capacity on the production side that supports bigger campaigns, added personalization and more, according to the company.
I received 41 emails about the General Data Protection Regulation (GDPR) in May. For some, 41 may sound modest. Every brand, publisher and tech company has to send these notifications explaining their new privacy policies. As we’ve seen over the last few weeks, these emails are painfully bland. Most people I’ve spoken to weren’t reading them. But they’re also incredibly important — and not just for legal reasons. For some companies, GDPR may actually be the creative catalyst they need to get ahead.
Let me explain.
At its core, GDPR is about protecting user privacy and limiting data sharing. But the subtext has to do with an unequal exchange of value. Users were handing over their names, email addresses and phone numbers (plus more personal details in some cases), and not getting enough in return. These days, companies gate as much content as possible with lead forms and ask consumers to share their contact information in order to access any old webinar, E-book or infographic. These exchanges emphasize the form of the content rather than its quality.
These same companies are also sending too many emails. By the end of 2017, people received an average of 121 emails at work every day, according to Templafy. If my inbox is like yours, that number is going to be a lot higher by the end of 2018. Some of those are urgent messages from colleagues, sure, but dozens probably fall under the umbrella of email subscriptions and spam. A few years ago, HubSpot reported that 78% of consumers unsubscribed from communicating with a brand because they received too many emails. So, the GDPR email purge of 2018 is like a giant reset button for anyone creating content.
Until now, it seemed like a lot of marketers were just going through the motions posting their content and sending their newsletters. Everyone still hoped to drive more audience engagement, yet there wasn’t a sense of urgency. Regardless of whether people read the fine print in the new privacy policies, expect them to at least be more discerning when it comes to engaging with your messaging. The impetus has shifted from the individual to the enterprise.
Email is such a powerful channel for reaching an audience because it offers a direct line that sidesteps the tricky nature of social and search algorithms. But maintaining and growing that list has become a real challenge now that everyone is relying on the same tactic. According to a 2018 B2B report from SuperOffice, 64% of subscribers open an email based on who sends it, while only 47% open based on the topic or subject line. Those two factors are certainly linked to some degree, but they paint an interesting picture about the current state of email marketing. Building trust and earning a good reputation with an audience over time outranks the short-term impact of catchy copy or a trending topic.
As you’re moving the collection of GDPR emails to the trash now that May 25 has come and gone, think about what can be done to take advantage of this opportunity. Marketers don’t always get the chance to step back and evaluate their approach, but these new regulations have an upside. New research out of the UK from DMA and Acxiom suggests that a majority of people may actually be more willing to share some personal data due to the GDPR laws.
This window won’t last forever, though. It’s only a matter of time before businesses fall back into the status quo. So, make an effort to create breakthrough content that’ll compel your audience to stick around for more. If you address the pain points, skill gaps and buyer needs, people will be much more likely to see you as a valuable resource.
Jordan Teicher is the Editor-in-Chief at Contently, where he manages the company’s two digital publications: The Content Strategist and The Freelancer. Jordan also freelances about technology, business and sports in his spare time. His writing has appeared in The New Yorker, The Wall Street Journal and Wired.