The rise of the internet and mobile phones has led to significant changes in the marketing and finance worlds. In this new era, the marketing and funding departments now require an evolved set of skills, definitely ground and rooted in technology, to take advantage of this rapid transformation. Are marketers and marketing departments keeping pace with the skills they need to produce the desired outcomes for the Small Mid-sized businesses SMBs where they work for crowdfunding and marketing which are quickly growing into a single entity? What about the SMBs that don’t have marketing or crowdfunding departments or marketers that possess these skills and certainly don’t have the time to keep up with the rapid change of new digital marketing techniques for both marketing and funding.
Welcome to a rapidly Crowdfunding Changing World
No part of the business world is changing faster than marketing and funding. Consider the tools that were either in nascent form or didn’t exist just two decades ago: Websites, email, social media, marketing automation, mobile phones. When I entered the marketing field most of these tools were not even on the drawing board, yet today transformation drives our world into a future that’s only constant, is change at the speed of internet.
A Changing Crowdfunding Marketing and Funding Landscape
As these new tools have been born, marketers, marketing departments, and funders have adopted by hiring marketers with the skills to leverage them, and the results have been more powerful marketing and funding outcomes. Marketing and crowdfunding should be recognized as revenue drivers and totally integrated into the strategic business planning process now that there are tools to prove, through measurement, that marketing spending leads to increased revenue and funding opportunities.
The Rapid Changes Are Overwhelming Marketers But Growing Crowdfunding
These revolutionary changes are also battering the traditional media marketers and the technology driven tools they use to reach their target audiences where and when they are online. Traditional Marketers struggle to take full advantage of the myriad options available to reach consumers, who are engaging with mobile, social media, connected TV, and a host of other continuously evolving media at the speed of internet. As crowdfunding becomes more of a mainstream process what are marketers and marketing departments going to do to keep pace with these structural business and technology changes? Big brands have seen the marketing and promotional value of crowdfunding and are now using it as part of their marketing strategies!
What are Crowdfunding Marketers to Do?
But consumers, empowered like never before, aren’t necessarily engaging with marketers. In fact, they’re able to actively avoid advertising messages with DVRs, internet ad blockers, and the email unsubscribe button. In light of these changes, it’s no surprise that 67 percent of marketers said that technology was “evolving rapidly or at light speed,” according to a recent Signal survey. Additionally, a Forrester Research survey found that 34 percent of B2B marketers described themselves as “overwhelmed” by the pace of change. This is a place where an inbound marketing strategy will ease the burden on marketers to reach new and broader audiences, but inbound marketing creates a new problem with the need for continuous creation of high-quality content in many forms.
The Crowdfunding Opportunity Created By Rapid Technology Change
These changes to the marketing and funding worlds may be fast and furious, but they also create opportunities. Many SMB marketers and funders believe that they are already benefiting from these opportunities. The Forrester survey referenced above found that 78 percent of B2B marketing executives said, “They had greater input on strategy.” Today, technology and data have provided marketers with a 360-degree view of the customer that is unparalleled in the organization and puts the marketers in a formidable position. Marketing technology is so strong, an ever increasing amount of business decisions will be driven by data accumulated by this ever improving technology. Crowdfunding is a direct beneficiary of this confluence of marketing and funding industries.
With this rapidly changing mix of marketing technology and the ever increasing amounts of data that must be gathered, stored, and interpreted to drive business strategy the marketing sector begs the question: Is your marketer or marketing team evolving the necessary marketing skills at the speed of internet? Can your crowdfunding team, if you have one, keep up with the rapid pace funding change. If you want to keep up with the latest changes in marketing technology, crowdfunding and to grab your FREE copy of The eBook The Crowdfunding Essentials please visit ProjectCrowd!