Few marketing trends last forever. In reality, they come and go at rapid speed — and marketing agency must adapt.
Because marketing is always evolving, your marketing playbook should, too. But if your strategy looks the same as years prior, it’s time to do some housekeeping.
Here, we’ll cover five marketing trends that are losing steam and how marketers can respond.
1. Celebrity endorsements on social media.
Have you ever seen a sponsored post from a celebrity on social media and thought, “Do they really use that?”
For example, Beyond Meat’s collaboration with media personality Kim Kardashian became a viral moment in 2022, but for all the wrong reasons. After releasing a promotional video of Kardashian sampling its vegan products, viewers were quick to accuse Kardashian of “fake chewing,” leading many to question the authenticity of her endorsement.
While celebrities offer more exposure, consumers need to trust the celebrity and believe their endorsement is authentic. But building that trust is getting harder.
Research shows that trust in celebrity endorsements is decreasing. Only 44% of Gen Z-ers trust endorsements from a celebrity or athlete. This number drops to 38% for Millennials.
Unsurprisingly, the same study found that influencers are more trusted as brand spokespeople. We predict social media influencers – specifically micro-influencers — will start dominating this space.
Micro-influencers have a smaller following than traditional celebrities, but their audience is highly engaged. On top of that, they are seen as “everyday” people, so their audience is more likely to trust their recommendations.
Brands are catching on: more than 56% of marketers who invest in influencer marketing work with micro-influencers.
2. The heavily filtered Instagram aesthetic
If you’ve scrolled through Instagram recently, you may notice the aesthetic is changing.
Gone are the days of heavily filtered photos and perfect Instagram feeds. Nowadays, influencers, brands, and everyday users are pivoting towards a more unedited look.
What’s the reason for this pivot? Many users feel a sense of fatigue over the highly processed aesthetic that has dominated the platform for years. The Gen Z crowd, in particular, values authenticity over appearing too polished online. It’s no surprise they gravitate to TikTok, where raw and unfiltered content is the norm.
Brands are starting to take notice of this shift. Skincare brand Glossier, for example, plays into the “anti-aesthetic” movement by sharing candid shots and unedited photos.
While this is just a shift in aesthetics, it points to a bigger trend with young consumers: they crave authenticity from brands. In other words, snapshots of avocado toast and heavily filtered
selfies won’t cut it. Instead, brands must explore how to appear more accessible and relatable online.
3. Audio chat rooms.
Audio chat rooms — like Clubhouse and Twitter Spaces — surged in popularity during the start of the pandemic, when many people were seeking opportunities to connect with others.
Fast forward to today, and more than a quarter (29%) of marketing agency are planning to stop investing in audio chat rooms in 2023.
From a marketing perspective, the biggest problem with audio chat rooms is that users prefer to speak with people — not brands. In fact, only 7% of Gen Z consumers prefer audio chat rooms for discovering new products.
Audio chat rooms are also losing popularity with younger audiences. Only 14% of Gen Z consumers have visited Twitter in the past three months, and a slim 13% have visited Clubhouse. If your audience skews younger, it’s worth exploring other strategies.
4. Long-form videos for social media
It’s no secret that short-form video has dominated the social media landscape this year, and it will continue to pick up steam in 2023.
In fact, short-form video will see the most growth of any trend in 2023, according to HubSpot’s 2023 Marketing Strategy & Trends Report. On top of that, a staggering 96% of marketing agency agree that the optimal length of a marketing video is under 10 minutes.
Of course, this isn’t to suggest long-form video doesn’t have its place — or that it’s going extinct. Longer videos can offer more information about a topic, product, service, or brand.
However, the challenge is keeping your videos engaging enough to hold the audience’s attention. Shorter videos, on the other hand, work well on social media because they align with the fast-paced attention spans of online audiences.
5. Marketing in the metaverse
Marketing is all about experimentation, and the metaverse became a new playground for marketing agency to explore. However, this initial excitement seems to be fizzling out.
29% of marketers plan to stop marketing in the metaverse (e.g. Horizon Worlds and Roblox) in 2023. In addition, more than a quarter (27%) plan to stop leveraging VR and AR.
Although the metaverse is intriguing, it’s proving difficult to execute. The equipment is expensive, the hardware is uncomfortable, and adoption is slow.
That said, the metaverse is still in its infancy. As it continues to evolve, things could turn around.
Hopefully the information that Smartcom Agency provides above can help you gain more useful marketing knowledge. Don’t forget to visit Smartcom’s website for weekly updates.
Source: The Hubsport
